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

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    Obama to propose $1.5 trillion in new tax revenue

    WASHINGTON (AP) -- President Barack Obama will propose $1.5 trillion in new taxes as part of a plan to identify more than $3 trillion in long-term deficit reduction and slow the nation's escalating national debt.

    News from The Associated Press
    Obama seems to be talking compromise, and painting repubs as standing in the way of that supposed compromise, yet this one trick pony hasn't changed his class warfare message since the day he took office...

    One interesting note, the AP notes this....

    The core of the president's plan totals just more than $2 trillion in deficit reduction over 10 years. It combines the new taxes with $580 billion in cuts to mandatory benefit programs, including $248 billion from Medicare.
    Makes one wonder if the disingenuous group that made the ad showing Paul Ryan pushing Grandma off the cliff will now revise it to show Obama doing the same....? Ofcourse not.

    Also, it strikes me that everytime Obama needs to pay for something, he lays out the same plan, with the same targets to pay for it? How many times can we hear the same 'pass the bill' before it is even submitted as legislation, so therefore no one can read it, or score it, and how many times are we going to allow this empty suit to lie to our face?



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

    Quote Originally Posted by j-mac View Post
    Obama seems to be talking compromise, and painting repubs as standing in the way of that supposed compromise, yet this one trick pony hasn't changed his class warfare message since the day he took office...

    One interesting note, the AP notes this....



    Makes one wonder if the disingenuous group that made the ad showing Paul Ryan pushing Grandma off the cliff will now revise it to show Obama doing the same....? Ofcourse not.

    Also, it strikes me that everytime Obama needs to pay for something, he lays out the same plan, with the same targets to pay for it? How many times can we hear the same 'pass the bill' before it is even submitted as legislation, so therefore no one can read it, or score it, and how many times are we going to allow this empty suit to lie to our face?



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    very funny. class warfare is what the gop is waging.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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

    Quote Originally Posted by j-mac View Post
    Makes one wonder if the disingenuous group that made the ad showing Paul Ryan pushing Grandma off the cliff will now revise it to show Obama doing the same....? Ofcourse not.

    Also, it strikes me that everytime Obama needs to pay for something, he lays out the same plan, with the same targets to pay for it? How many times can we hear the same 'pass the bill' before it is even submitted as legislation, so therefore no one can read it, or score it, and how many times are we going to allow this empty suit to lie to our face?
    Is this not part of a compromise? He's proposed to cut into Medicare, which is what Republicans bitch about a lot, right? Social Security, Medicare, etc., all the "socialist" stuff? So is it ok to try to compromise to try to get some debt reduction and maybe something for the economy moving or should we be playing partisan politics? I think the latter is a bit more devastating to the lot of us.
    You know the time is right to take control, we gotta take offense against the status quo

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

    Obama's math:

    Pretending that the Iraq and Afghanistan wars will go on in perpetuity and then counting $1.1 trillion in savings by "ending" them.

    So, the $3 trillion is really comprised of ~$1.5 trillion in new taxes, ~$1.1 trillion in mythical war spending savings, and then a measely ~$400 billion in true spending cuts. That's his "balanced approach".

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

    Quote Originally Posted by ZIRP4EVA View Post
    Obama's math:

    Pretending that the Iraq and Afghanistan wars will go on in perpetuity and then counting $1.1 trillion in savings by "ending" them.

    So, the $3 trillion is really comprised of ~$1.5 trillion in new taxes, ~$1.1 trillion in mythical war spending savings, and then a measely ~$400 billion in true spending cuts. That's his "balanced approach".
    So we won't stop spending money on the wars if we end the wars?
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    The proposal seems to be good politics for Obama. Instead of begining with a reasonable comprimise as he did with the debt-ceiling fiasco, this proposal is farther left. If this process is correctly viewed as a negotiation, it only makes sense to propose a partisan plan, and then walk back to the middle. Looks like it took the centerist administration 3 years to figure out a rational way to deal with a center-right congress. Say what you want of the plan, but it is something the Dems can get behind.
    "A witty saying proves nothing." Voltaire

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

    19 Different Polls Show That Americans Support Tax Increases To Cut Deficit


    http://www.nytimes.com/2011/09/17/us...1&pagewanted=2
    And across party lines, Americans support his position that a deficit-reduction plan should include a mix of tax increases and spending cuts.

    http://s3.documentcloud.org/document...ll-results.pdf
    According to the poll, large majorities support increased spending to create jobs
    68. Do you think it is probably a good idea or a bad idea for the federal government to provide money to state governments so they can avoid layoffs of public employees?
    Good idea Bad idea DK/NA
    9/10-15/11 52 40 8
    69. In order to try to create jobs, do you think it is probably a good idea or a bad idea to spend money on the nation's infrastructure such as bridges, airports, and schools?
    Good idea Bad idea DK/NA
    9/10-15/11 80 16 4
    Large majority supports increasing taxes on those making more than 250K
    75. Do you think any plan to reduce the federal budget deficit should include only tax increases, or only spending cuts, or a combination of both tax increases and spending cuts?

    76. In order to lower the nation's budget deficit, do you think taxes should be increased on households earning $250,000 a year or more or should the government address the budget deficit without increasing taxes on those households?
    Increase taxes Don't increase taxes DK/NA
    8/2-3/11 63 34 3
    9/10-15/11 56 37 7
    Last edited by sangha; 09-19-11 at 01:17 PM.
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Question: How is it "Class warfare" to ask the wealthiest Americans to pay the same tax rate as the middle class?

    And why don't you same people cry "Class warfare" when the wealthiest Americans are given the largest tax cuts and the middle and working class get smaller cuts?


    Hmmmmmmmmmmmm?
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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

    Quote Originally Posted by disneydude
    Question: How is it "Class warfare" to ask the wealthiest Americans to pay the same tax rate as the middle class?

    And why don't you same people cry "Class warfare" when the wealthiest Americans are given the largest tax cuts and the middle and working class get smaller cuts?


    Hmmmmmmmmmmmm?
    And what are those tax cuts going for? Seems to make sense that if you pay the most, you should probably get the most cuts. We already have way too many Americans that not only pay zero income tax, but actually get free money from the government they never paid in the first place (Making Work Pay, EIC, etc.).

    It also makes sense to grant cuts to the section of the population providing employment to the middle class. The reason the middle class can pay taxes is because the rich allow them an opportunity to.

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

    Quote Originally Posted by Gipper View Post
    And what are those tax cuts going for? Seems to make sense that if you pay the most, you should probably get the most cuts. We already have way too many Americans that not only pay zero income tax, but actually get free money from the government they never paid in the first place (Making Work Pay, EIC, etc.).

    It also makes sense to grant cuts to the section of the population providing employment to the middle class. The reason the middle class can pay taxes is because the rich allow them an opportunity to.
    GWB cut taxes for the wealthiest Americans far more than for anyone else. What happened to all those jobs that your rationale supposedly creates? The fact of the matter is.....Republicans always LOVE to implement "Trickle down economics" and yet...time and time again it fails. Why do you guys keep pushing the same failed rhetoric and expect different results? Perhaps you don't actually expect different results....you actually like the results that it creates.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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