Page 6 of 76 FirstFirst ... 456781656 ... LastLast
Results 51 to 60 of 758

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

  1. #51
    Advisor Rapunzel52's Avatar
    Join Date
    Dec 2011
    Location
    The Great Midwest
    Last Seen
    05-28-13 @ 11:20 PM
    Gender
    Lean
    Conservative
    Posts
    525

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

    The American wealthy are making their arrangements...
    If it sounds like Marx and acts like Stalin...it must be Obama

  2. #52
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    Today @ 03:55 PM
    Gender
    Lean
    Libertarian
    Posts
    4,734

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

    Quote Originally Posted by minnie616 View Post
    Ending Bush tax cuts for rich would save about $80 billion in 2013, analysts say

    Ending Bush tax cuts for rich would save about $28 billion in 2013, analysts say - The Washington Post
    Only 1.5 Trillion a year short.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  3. #53
    Guru
    Carleen's Avatar
    Join Date
    Jul 2012
    Location
    New Jersey
    Last Seen
    Today @ 05:55 PM
    Gender
    Lean
    Liberal
    Posts
    3,630

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

    Quote Originally Posted by keymanjim View Post
    That doesn't mean it's the correct course of action.
    Just out of curiosity, how much do you think will be generated by the increased tax?
    This was never about how much would be generated. It has been a fairness issue.

  4. #54
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    Today @ 03:55 PM
    Gender
    Lean
    Libertarian
    Posts
    4,734

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

    Quote Originally Posted by Carleen View Post
    This was never about how much would be generated. It has been a fairness issue.
    What is fair about taxing the wealthy more? They already pay a majority of the taxes.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  5. #55
    Sage
    minnie616's Avatar
    Join Date
    Feb 2012
    Last Seen
    Today @ 06:48 PM
    Gender
    Lean
    Independent
    Posts
    14,953

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

    Quote Originally Posted by Blue_State View Post
    Only 1.5 Trillion a year short.
    I stated how much revenue would be raised by letting the Bush tax cuts expire on the top 2 income brackets of those couples making $250,000 0r more a year.
    I never said that the increase would take care of our deficit.

    It is just a start. Spending needs to cut in many places and perhaps we need more sources of revenue also.

    The $80 billion a year is a start.

    Gov. Romeny was going to start the spending cut by cutting out the funding for Big Bird/ PBS.

    Just cutting funding for PBS would not solve the deficit either, but it would have been a start.
    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.

  6. #56
    Educator
    keymanjim's Avatar
    Join Date
    Apr 2010
    Last Seen
    07-03-17 @ 12:08 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    1,002

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

    Quote Originally Posted by Carleen View Post
    This was never about how much would be generated. It has been a fairness issue.
    Read that as "CLASS WARFARE".

  7. #57
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 05:30 PM
    Gender
    Lean
    Conservative
    Posts
    57,148

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

    Quote Originally Posted by minnie616 View Post
    I stated how much revenue would be raised by letting the Bush tax cuts expire on the top 2 income brackets of those couples making $250,000 0r more a year.
    I never said that the increase would take care of our deficit.

    It is just a start. Spending needs to cut in many places and perhaps we need more sources of revenue also.

    The $80 billion a year is a start.

    Gov. Romeny was going to start the spending cut by cutting out the funding for Big Bird/ PBS.

    Just cutting funding for PBS would not solve the deficit either, but it would have been a start.
    According to Obama's own former chief economic adviser, the proposed hike in tax rates will result in more economic destruction than we will realize in revenue gain.

    This is a "start" that leaves us further behind than when we started.
    Last edited by cpwill; 12-05-12 at 11:59 AM.

  8. #58
    Global Moderator
    Moderator
    Helix's Avatar
    Join Date
    Jul 2011
    Last Seen
    Today @ 06:26 PM
    Gender
    Lean
    Independent
    Posts
    37,140

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

    Quote Originally Posted by cpwill View Post
    You subsidize what you want more of, and you tax what you want less of. So you are saying we want less investment in America right now? We are filled to the brim with capital, and there are more jobs than people, and gosh we just can't take any more advancement and need to slow down for a bit?
    people won't stop investing. there have been many periods of growth under higher capital gains rates. however, the alternative system could be tweaked; for example, we could lower the rate further under the cap, or simply create a new progressively-tiered capital gains system. the idea is mostly just a theory, though, because i doubt that it will be seriously considered by either side.

    however, i agree with you that one-sided austerity is a losing proposition. soaking the lower and middle classes as the republicans want to do will put a serious crimp in demand. rapidly raising taxes only on the rich will also have negative consequences. everybody is going to have to give something. what is critical is that we address the problem from both the revenue and spending sides, and that we carefully phase in any changes.

  9. #59
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

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

    Quote Originally Posted by sawyerloggingon View Post
    Obama is playing politics with the lives of us Americans he supposedly is in office to do good things for. His statement that he will not sign a bill that does not raise taxes on the rich proves he is more interested in destroying Republicans than he is in leading us out of this horrible economy. If Reps can find a way to meet his dollar requirements through closing loop holes the rich use then there should be a deal. What obama wants though is to weaken Reps with their base by forcing them to break their pledge not to raise taxes or to go over the cliff and blame it on Reps in order to turn the general public against them. Obama just may drag us into another recession, possibly even a new depression.


    "President Obama today declared there would be no deal to avert the looming fiscal cliff unless Republicans agree to raise rates on the top 2 percent of income-earners."

    No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says - ABC News
    This is such a freaking game. Too bad we can't "blanket impeach" Congress.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  10. #60
    Filmmaker Lawyer Patriot
    Harshaw's Avatar
    Join Date
    Oct 2005
    Last Seen
    Today @ 06:52 PM
    Lean
    Libertarian - Right
    Posts
    29,608

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

    As arguments on all of this are becoming entirely moot, I'd just point out the irony of those who insist it's the middle class which is the real economic driver and has the real economic power, but for some reason, it doesn't have the money for a tax increase, or said increase would bring in negligible amounts.

    (Similar -- raising taxes on "the poor" will somehow cause a recession. They don't have any money, apparently, but their contribution to the economy is that powerful.)
    Last edited by Harshaw; 12-05-12 at 11:52 AM.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

Page 6 of 76 FirstFirst ... 456781656 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •