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Obama to propose $1.5 trillion in new tax revenue

TheNextEra said:
And it appears you think offshore drilling is going to employ 25 million plus people because that's the only regulation that you can come up with that's from Obama.
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How many green jobs did Solyndra create?


Tax cuts (which failed to increase jobs) and offshore drilling is your magical answer?
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First off, I've never said anything about cutting taxes, that's a Left Wing talking point invented to attack Conservatives with. Secondly, offshore drilling is going to create jobs as well as billions in tax revenue. While it's obviously not going to take the unemployment rate to zero, it would make perfect sense to encourage any American industry that will create jobs. How much tax revenue has Solyndra created?
 
Conservative said:
No what it shows is that Business has no confidence in this Administration and knows that the net affect of the Bush tax cut has been negated by this Administration and their regulations and micro managing of the economy. Obamacare and potential for higher taxes offset those Bush tax cuts. If you think we have a revenue problem are you send in more money than required? If not, why not?
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We were losing jobs WITH Bush in charge and WITH the tax cuts in place. You can blame Obama all you want but it didn't work even with a different administration.
 
TheNextEra said:
We were losing jobs WITH Bush in charge and WITH the tax cuts in place. You can blame Obama all you want but it didn't work even with a different administration.
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No, we were losing jobs with the Democrats running Congress and promising to stick it to the private sector.
 
Conservative said:
What about losses? What is the Federal limit on losses? There would be no profit or loss if someone didn't take risk. Why should someone be penalized for taking risk?
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please......how many things are you going to throw and see if they stick? losses can be written off. no one is being PENALIZED, they are being taxed on their income just like everybody else. do you admit there is no double taxation here?
 
Conservative said:
No what it shows is that Business has no confidence in this Administration and knows that the net affect of the Bush tax cut has been negated by this Administration and their regulations and micro managing of the economy. Obamacare and potential for higher taxes offset those Bush tax cuts. If you think we have a revenue problem are you send in more money than required? If not, why not?
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please link the new, onerous regulations on business since obama came into office. thanks.
 
apdst said:
How many green jobs did Solyndra create?
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Who cares? I was t in support of it so why are you bringing it up?

First off, I've never said anything about cutting taxes, that's a Left Wing talking point invented to attack Conservatives with. Secondly, offshore drilling is going to create jobs as well as billions in tax revenue. While it's obviously not going to take the unemployment rate to zero, it would make perfect sense to encourage any American industry that will create jobs. How much tax revenue has Solyndra created?
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Fine you haven't brought up, sorry. However many conservatives have.

As for offshore drilling, with safety followed I have no problem with it. Tell me though, how many jobs were lost with tourism and fishing when the oil spill happened? How much money lost cleaning it up? This is why safety needs to be top priority with offshore drilling. When the oil companies can show they can be responsible and safe, I'm all for it.
 
Conservative said:
The point you made is always supporting the claim that we have a revenue problem when I claim we don't have a revenue problem but instead a spending problem. You want more revenue then there are over 65 million working Americans that aren't paying any FIT and some are getting a refund so their net tax is negative. The top 10% pay over 70% of the taxes but "your" President claims that isn't enough and that they aren't paying their fair share. So I guess paying taxes isn't one's fair share but paying zero in FIT is? There is no logic in that argument so it concerns me when people buy the Obama rhetoric.
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No, I say we have BOTH a spending problem and revenue problem. Now, try addressing what I say.
 
TheNextEra said:
We were losing jobs WITH Bush in charge and WITH the tax cuts in place. You can blame Obama all you want but it didn't work even with a different administration.
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Uh, no we weren't, job growth occurred from 2003-2007 so where do you get your information? Tell me why you are so concerned about more money going to the govt. instead of people keeping more of their own money? How does raising taxes put 25 million Americans back to work full time?
 
TheNextEra said:
Who cares? I was t in support of it so why are you bringing it up?
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I was making a point.


As for offshore drilling, with safety followed I have no problem with it. Tell me though, how many jobs were lost with tourism and fishing when the oil spill happened? How much money lost cleaning it up? This is why safety needs to be top priority with offshore drilling. When the oil companies can show they can be responsible and safe, I'm all for it.
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Probably none. How about you show us some numbers.
 
Boo Radley said:
No, I say we have BOTH a spending problem and revenue problem. Now, try addressing what I say.
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Until the govt. shows it is ready to attack the spending problem I do not support sending any more money to the govt. but further know that the tax increases proposed by this President will not generate more revenue for the govt and even if it did it would be spent.
 
apdst said:
You miss the point, when I say that you can't base an economy on just a handful of different industries. It's important to encourage all industries to grow, such as the oil and gas industry and the coal industry. They employ people, too.
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You can't encourage them to grow. When you have people who will spend money, they will grow. They'll grow no matter what we do. They are not children who need government to help them. They are in a far better place than the poor.
 
Boo Radley said:
No, I say we have BOTH a spending problem and revenue problem. Now, try addressing what I say.
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If more people were working, there would be more revenue.

The problem as I see, is that the Libbos want to have their cake and eat it, too.

They want to kill jobs, spend a ****load of money, raise taxes, balance the budget and expect the American people to vote them right back in office.
 
apdst said:
Why raise taxes and take away the private sector's spending power?
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Again largely the wealthy's spending is not effected by taxes. You might have an argument with that and the middle class, but not the wealthy.
 
Boo Radley said:
You can't encourage them to grow. When you have people who will spend money, they will grow. They'll grow no matter what we do. They are not children who need government to help them. They are in a far better place than the poor.
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As long as we have a regime that causes people to be afraid of spending their money, because they don't know what new law, or regulation is coming at them next, then there won't be any private sector spending.
 
Boo Radley said:
Again largely the wealthy's spending is not effected by taxes. You might have an argument with that and the middle class, but not the wealthy.
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What about the folks who aren't super rich?
 
Thunder said:
Fact: the ability & willingness of the rich to spend vast sums of money, will not be affected by a 3% increase in their FIT rate.
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What about the people who aren't rich?

Ya'll keep saying, "millionares and billionares", but those aren't the only people that will be affected.
 
Frolicking Dinosaurs said:
Given the number of people who are now making a living doing yard work, odd jobs, baby-sitting, being care-givers, etc. because they are unable to find employment with the rich, it could be argued that they have created a lot of new jobs.
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Yeah, but those people are illegal immigrants.
 
apdst said:
If more people were working, there would be more revenue.

The problem as I see, is that the Libbos want to have their cake and eat it, too.

They want to kill jobs, spend a ****load of money, raise taxes, balance the budget and expect the American people to vote them right back in office.
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True, if more people were working there would be more spending. But business will not take the risk, no matter what you do with taxes. That's the problem we face, and why the only GOVERNMENT can do about it is higher folks, which requires more tax dollars.

Business won't hire more no matter how much you lower their taxes, and studies show this.

From the conservative Forbes:

It’s a mainstay of conservative orthodoxy that tax cuts create jobs. In fact, the complexity of the tax code does create jobs for high-priced tax attorneys and accountants. But do tax cuts create “real” jobs?

The answer appears to be no for companies big and small.

Do Tax Cuts Create Jobs? - Forbes

Others:

Tax Cuts Don't Create Jobs: 3 New Fact Sheets on State Economic Development

--------------------------------------------------------------------------------
Tax Cuts Don't Create Jobs: 3 New Fact Sheets on State Economic Development

The theory of tax cuts as economic stimulus has been put to the test – and failed – twice in the past six years alone. As the prolonged recession leads more people to once again consider these same old tried-and-failed policies, it is important to revisit recent history.

Tax cuts won’t create jobs | Economic Policy Institute

It's not hard to find evidence to support such a view. Other states with much higher corporate tax rates — Connecticut, New York, Illinois, Massachusetts, New York and New Jersey — all enjoy significantly lower jobless numbers, as well as hosting the corporate headquarters of many more Fortune 500 companies per capita.

Tax cuts don't create jobs - St. Petersburg Times
 
Boo Radley said:
True, if more people were working there would be more spending. But business will not take the risk, no matter what you do with taxes. That's the problem we face, and why the only GOVERNMENT can do about it is higher folks, which requires more tax dollars.

Business won't hire more no matter how much you lower their taxes, and studies show this.

From the conservative Forbes:

It’s a mainstay of conservative orthodoxy that tax cuts create jobs. In fact, the complexity of the tax code does create jobs for high-priced tax attorneys and accountants. But do tax cuts create “real” jobs?

The answer appears to be no for companies big and small.

Do Tax Cuts Create Jobs? - Forbes

Others:

Tax Cuts Don't Create Jobs: 3 New Fact Sheets on State Economic Development

--------------------------------------------------------------------------------
Tax Cuts Don't Create Jobs: 3 New Fact Sheets on State Economic Development

The theory of tax cuts as economic stimulus has been put to the test – and failed – twice in the past six years alone. As the prolonged recession leads more people to once again consider these same old tried-and-failed policies, it is important to revisit recent history.

Tax cuts won’t create jobs | Economic Policy Institute

It's not hard to find evidence to support such a view. Other states with much higher corporate tax rates — Connecticut, New York, Illinois, Massachusetts, New York and New Jersey — all enjoy significantly lower jobless numbers, as well as hosting the corporate headquarters of many more Fortune 500 companies per capita.

Tax cuts don't create jobs - St. Petersburg Times
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Recycling money doesn't work. :lamo

But hey! Keep preaching those plans that have already failed and see where it gets you.
 
apdst said:
What about the folks who aren't super rich?
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Who are we speaking of? My briother in law makes 250 thousand a year, and he is not concerned that much about taxes. he still spends silly.

I make 100K, and I don't worry much about it.

You?
 
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