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

  1. #611
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post
    no one has ever proven that claim. the reason why the obama admin does not want to restore the clinton tax hikes on the middle class is that the MC would punish his party in 2014

    that is the only reason

    and what makes someone making 200K a year a "rich person" even if its in NYC and why is someone making 198K a year in say Arkansas Middle class

    I love how those dependent on government call us who are not "clueless"
    Someone earning $200k would not pay more if the House would pass the bill in front of them.
    You're problem is you got spoiled by those TEMPORARY Tax cuts and now you think the party will go on forever.
    The parties over and we are broke because of it. Stop the whining

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

    Quote Originally Posted by Jerry View Post
    Then no fiscal deal.
    And guess what? No deal and taxes on the wealhty go up 2%. Isn't funny how we really don't need the Republicans anymore.
    That's what happens when you are AWOL for 4 years. You learn to live without them.

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

    Quote Originally Posted by iguanaman View Post
    I know that a 15% wealth tax with a million dollar deductable would raise nearly 8 Trillion dollars and pay back half our debt. Does that count?
    You know this? Do you have any data to support this claim?

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

    Quote Originally Posted by Catawba View Post
    We have more proof that letting the tax increase expire for the middle class will be harmful to consumers, and thus the economy, than we do that the tax cuts for the wealthy have done anything at all to improve the lives of the middle class for the last decade.

    As we have all tried to tell you, over and over, there is simply no benefit for the country to continue to allow your tax cuts!
    How about a government adjusting its spending to the income it receives ? Would that help?

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    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
    That's not playing politics -- that's Obama sticking to his principles.

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

    Quote Originally Posted by iguanaman View Post
    And guess what? No deal and taxes on the wealhty go up 2%. Isn't funny how we really don't need the Republicans anymore.
    That's what happens when you are AWOL for 4 years. You learn to live without them.
    I don't recall being either republican or awol, but I know that we haven't had a Conservative in the office since Reagan, and that's the problem.

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

    Quote Originally Posted by Grant View Post
    How about a government adjusting its spending to the income it receives ? Would that help?
    I am all for cutting our wasteful military spending, but if you are talking about abandoning the debt we owe to SS, you did not pay attention to the presidential election.
    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 Jerry View Post
    Then no fiscal deal.
    Then everybody's taxes return to pre-2001 levels.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    That's not playing politics -- that's Obama sticking to his principles.
    Principles?

    What has raising the 2% got to do with principles?

    The man called George Bush "unpatriotic" for having a public debt which was much less than his, and said he should be out of a job if he couldn't turn it around. If he had any principles he would not have resigned and if the electorate had any sense they wouldn't have voted for him.

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

    Quote Originally Posted by Grant View Post
    Principles?

    What has raising the 2% got to do with principles?
    It's about reducing the deficit.

    Quote Originally Posted by Grant View Post
    The man called George Bush "unpatriotic" for having a public debt which was much less than his, and said he should be out of a job if he couldn't turn it around. If he had any principles he would not have resigned and if the electorate had any sense they wouldn't have voted for him.
    The difference between his debt and Bush's is that Bush generated most of his debt. Bush inherited a structurely sound economy with debt growing at it's lowest levet in years; then cut taxes while fighting two wars and turned a 10 year projected 6 trillion dollar surplus into an 8 trillion dollar deficit. Whereas Obama inherited a structurely doomed economy where debt was already increasing at over a trillion dollars a year.

    Quote Originally Posted by Grant View Post
    If he had any principles he would not have resigned and if the electorate had any sense they wouldn't have voted for him.
    Your sour grapes are noted.

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