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

  1. #481
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by teamosil View Post
    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.

    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?
    Explain to me why Medicare and SS are on budget still to this day and why would you support cutting those programs that you are paying into if you have a job? That is bs. As for spending cuts in other areas, there are no such cuts as he uses the baseline which is the current budget and reduces the growth thus calling it a savings. Are we spending less money 10 years from today on those line items than we are paying today? Why do you continue to buy the Obama rhetoric.

    He isn't proposing spending CUTS, he is proposing reduction in the growth of spending. Do you know the difference?

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

    Quote Originally Posted by Conservative View Post
    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.
    No. You blame Obama for jobs. This im[plies you think only the president, or government can fix employment. As the only way they can do this is to hire people, I have to conclude you want Obama to hire people. Is this or is this not what you believe?

    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 washunut View Post
    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.
    I think going back to the pre Bush tax cuts is a simple and reasonable answer.

    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
    No. You blame Obama for jobs. This im[plies you think only the president, or government can fix employment. As the only way they can do this is to hire people, I have to conclude you want Obama to hire people. Is this or is this not what you believe?
    I blame Obama for destroying the incentive in the private sector to create jobs. Govt. policy affects job creation since business cannot print money like the Govt. can. You don't seem to understand that business creates a long term plan and more regulations, higher tax potential, class warfare, Obamacare don't foster confidence on the part of the private sector. they aren't going to hire until Obama is fired.

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

    Quote Originally Posted by Boo Radley View Post
    I think going back to the pre Bush tax cuts is a simple and reasonable answer.
    Your "hero" Bill Clinton seems to disagree with you

    Clinton: Don’t Raise Taxes :: :: FITSNewsFITSNews

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

    Quote Originally Posted by Boo Radley View Post
    I think going back to the pre Bush tax cuts is a simple and reasonable answer.
    So you want to get rid of all of the Bush tax cuts. I can agree with that, never thought we should have had a tax cut when we were fighting wars in two countries.

    After saying that, this whole tax issue is a sideshow. The country has been in decline for 30 years, propped up with debt until the system fell apart.

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

    Quote Originally Posted by washunut View Post
    So you want to get rid of all of the Bush tax cuts. I can agree with that, never thought we should have had a tax cut when we were fighting wars in two countries.

    After saying that, this whole tax issue is a sideshow. The country has been in decline for 30 years, propped up with debt until the system fell apart.
    I quite agree. It is fool hardy to say we can fight two wars and not pay for it. But, as you say, we've been saying we can spend and not pay for a long time.

    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
    I think going back to the pre Bush tax cuts is a simple and reasonable answer.
    So you are proposing increasing taxes on all taxpayers?

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

    Quote Originally Posted by Conservative View Post
    Your "hero" Bill Clinton seems to disagree with you

    Clinton: Don’t Raise Taxes :: :: FITSNewsFITSNews
    First, he's not my hero. I voted for Bob Dole. Second, someone saying something you like alone isn't enough. Try addressing the points I have made.

    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
    I blame Obama for destroying the incentive in the private sector to create jobs. Govt. policy affects job creation since business cannot print money like the Govt. can. You don't seem to understand that business creates a long term plan and more regulations, higher tax potential, class warfare, Obamacare don't foster confidence on the part of the private sector. they aren't going to hire until Obama is fired.
    You would be wrong. Business functions on a different incentive system. if there is a customer willing to spend, business will provide the product regardless of what obama does.

    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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