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Thread: Obama to propose $1.5 trillion in new tax revenue

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    How in the world can you claim that the rich who pay 38% of all the tax revenue are getting more benefits out of the Federal Govt. vs those who aren't paying anything in FIT? that is illogical. If those are getting any benfits they are getting it for free whereas the rich are paying for it.
    Again, I've explained and linked. Perhaps you can look some of them over, do your own search, and address the point?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Again, I've explained and linked. Perhaps you can look some of them over, do your own search, and address the point?
    Nothing you posted refutes the fact that 47% of the income earners in this country pay zero in FIT and nothing refutes the statement of mine as to why you would raise the prices on the best customers the govt. has? You need to try again.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Again, I've explained and linked. Perhaps you can look some of them over, do your own search, and address the point?
    "Your" President, Boo

    Rick Perry - Proven Leadership - YouTube

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by 1Perry View Post
    I showed the numbers and it showed that as a nation we give MORE individually than any country gives. At least 34 billion with the closest country outside of the U.S. giving $12.5 billion. Almost three times what the most giving country outside of the U.S., France gives.
    Hmm, I guess I missed that. Can you link me to the post where you posted that?

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    Nothing you posted refutes the fact that 47% of the income earners in this country pay zero in FIT and nothing refutes the statement of mine as to why you would raise the prices on the best customers the govt. has? You need to try again.
    Nor have I claimed they don't. I have instead showed you why and why the wealthy should pay more. I also showed that the lower income people do pay taxes, and do pay federal taxes, so they do contribute.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    So, again, YOU believe government is the answer? You want Obama to hire people? Right?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Nor have I claimed they don't. I have instead showed you why and why the wealthy should pay more. I also showed that the lower income people do pay taxes, and do pay federal taxes, so they do contribute.
    No, you haven't shown why the wealthy should pay more than the 38% they are paying now. You have shown that the lower class pay state and local taxes, none of which have to do with the Federal Spending. FICA should have nothing to do with budget items as that funds your SS and Medicare. So I don't think you really have a clue. You are part of the problem not part of the solution as your rhetoric promotes class warfare and this country wasn't built on classwarfare.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    Then post the list of cuts? You continue to buy the rhetoric and ignore the substance. I never see substance from you, just feelings.
    Dude, you just aren't following the news very closely. These things I'm saying aren't like some obscure pieces of information, they have been front page items on every major news source...

    For example, Obama's current $3 trillion deficit reduction proposal includes $580 billion in cuts to entitlement programs.

    Back in April he proposed a $4 trillion deficit reduction proposal included $2 trillion in spending cuts.

    Here is a $2 trillion deficit reduction package he proposed in July that was 83% spending cuts.

    He also supported the deficit reduction proposal of the bi-partisan gang of six.

    For you to be sitting there pretending Obama isn't proposing spending cuts is just ridiculous. What, do you live on an iceberg? Are you only getting your news from such hyper partisan sources that you are literally just oblivious to the things that go on in the country?

    What is actually happening is that Obama keeps proposing a mix of revenue increases and spending cuts and the GOP keeps rejecting them, even when he had compromised to the point where it was 83% spending cuts and only 17% revenue increases. They drew a line in the sand- if any portion at all of the burden of the deficit fell on the shoulders of rich people, they would block it. That's all they seem interested in in this whole process and it is making deficit reduction practically impossible to accomplish.
    Last edited by teamosil; 09-22-11 at 01:53 PM.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Nor have I claimed they don't. I have instead showed you why and why the wealthy should pay more. I also showed that the lower income people do pay taxes, and do pay federal taxes, so they do contribute.
    How much more? Higher marginal rate, higher capital gains rate, more FICA and Medicare taxes, which of these are you calling for. Maybe an easier question is what do you think the effective tax rate should be for wealthy ( definition please) and how you propose we get there.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    So, again, YOU believe government is the answer? You want Obama to hire people? Right?
    Trolling again? you seem to do that a lot. That is what you got out of that video? No wonder we have a problem in this country today. This President has destroyed the confidence in the American private sector and the only way he can get re-elected is to create such class warfare that the dependent class will come out in droves to re-elect him, then what? Destroy the private sector, create so much dependenc on the govt. then what? Is that what you really want? If so, say so then I would have more respect for you.

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