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Thread: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Catawba View Post
    Believe what ever makes you happy, but you will see the budget will never be balanced as long as we continue to spend as much on the military as the rest of the world combined.

    You and others just follow along in your effort to make the prediction by Bin Laden come true. He said the US would not be beaten on the battlefield but rather would spend itself to death fighting unending war.
    But, you're ok with spending 5 trillion dollars on handouts?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by apdst View Post
    Why is the Obama Junta killing jobs, then?
    More jobs were created under 4 years of the President than under 8 years of Bush.


    The war in Iraq didn't drain the economy anymore than the trillions spent on the war on poverty.
    Trillions were not spent on the war on poverty, and there were millions less people in poverty as a result. We had no such benefit from the GOP war in Iraq.

    And tens' of thousands of innocent people weren't killed as a result of the war on poverty!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by apdst View Post
    But, you're ok with spending 5 trillion dollars on handouts?
    You are just making up stuff now.

    Provide links.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Bronson View Post
    Wealth expands and contracts

    The pie is a myth but the Marxists/Collectivists/Socialists believe in it like Santa Claus
    Wealth also MIGRATES to the top in any capitalist society and it is Govts. job to retard that trend which is so deterimental to sustained growth. Maldistribution of wealth is our number one problem in America today. Obama knows it, the people know it, the Republicans are clueless as usual.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Bronson View Post
    Clinton cut them

    That neocon!

    Clinton Angers Friend and Foe In Tax Remark - NYTimes.com



    Reagan also cut marginal rates from 70% to 28% and reduced the amount of tax brackets from 14 to 2

    But hey, let's not let facts get in the way of your idealogical rubbish
    Reagan cut some taxes and raised others. FACT.

    And the reason the to marginal rate was lowered to 28% was because Reagan RAISED capital gains taxes up to 28%.

    I have FACTS on my side, buddy. You've got the ideological rubbish on yours.

    And yes, Clinton signed the lowered capital gains rate - resulting in multiple stock market bubbles. He was wrong on more than a few things.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by iguanaman View Post
    Wealth also MIGRATES to the top in any capitalist society and it is Govts. job to retard that trend which is so deterimental to sustained growth. Maldistribution of wealth is our number one problem in America today. Obama knows it, the people know it, the Republicans are clueless as usual.

    Exactly! Let's look at the math, the bane of the Republican's whole trickle down philosophy:

    "In 1983, the richest 1 percent of Americans got 11.6 percent of total income. Today the top 1 percent takes in more than 20 percent."

    Robert Reich: Budget Baloney: Why Social Security Isn't a Problem for 26 Years, and the Best Way to Fix It Permanently
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by iguanaman View Post
    Wealth also MIGRATES to the top in any capitalist society and it is Govts. job to retard that trend which is so deterimental to sustained growth. Maldistribution of wealth is our number one problem in America today. Obama knows it, the people know it, the Republicans are clueless as usual.

    I have searched, and searched the Constitution and I don't see it in there, could you point it out for me?

    The United States Constitution - The U.S. Constitution Online - USConstitution.net
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by j-mac View Post
    I have searched, and searched the Constitution and I don't see it in there, could you point it out for me?

    The United States Constitution - The U.S. Constitution Online - USConstitution.net
    Gee, that's easy:

    Art 1, sec. 8: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by j-mac View Post
    I have searched, and searched the Constitution and I don't see it in there, could you point it out for me?

    The United States Constitution - The U.S. Constitution Online - USConstitution.net
    It's right in the preamble..........."promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity"

    Notice that is says "general welfare" not only the welfare of the wealthy.

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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by winston53660 View Post
    President Obama would be raising his own taxes.
    And mine would be raised too.

    But I still support returning the tax rates to the pre Bush tax cut levels of those couples making over $250,000...If by doing that we are able to prevent the tax rates of the middleclass from returning to pre Bush tax cut levels

    My thoughts:

    I think some are missing the reasoning behind the tax cut for upper bracket expiring and the reason for after Bush tax cuts for the middle and lower class to remain.

    Remember when President Reagan tried "trickle down economics'?
    He gave big tax cuts to the wealthy and to businesses hoping that in turn the monies would "trickle down' to the middle and lower classes.

    Well, I think President Obama's plan is more like "trickle up" economics.

    He wants to give tax cuts to the middle and lower class so that they have more monies to buy housing, goods and services.
    Once more money is being spent for housing, goods and services business will be doing better and can grow and hire more people.
    As more people are hired more goods and services will be sold and our GDP will grow.

    If that happens it will be a win/win situation for all of us.

    I did not think "trickle down economics" helped much so I am more than willing to give this plan a good try.
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

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