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

I'm happy Obama is finally shows he has the guts to take on the Republicans.

Me too, its nice to finally see a little liberal come out in him!
 
Evidently, you can't continue to **** the working class without them noticing, who woulda thunk it................. :cool:

I love how you pretend to talk for some many people. Most of them really aren't all that into the class struggle thing that power hungry liberal agitators live for
 
I think the RNC should spend $100M for the rest of December put ads on the air showing nothing but Obama playing in the Hawaiian surf every damn day in all 57 states. They should flood the airwaves with ads showing that bastard doing nothing while New Yorkers starve with no heat.
 
6 out 0f 10 americans agree with raising taxes on people who make over 250,00. He ran on that promise, he won and now he is making good on it. If the GOP does not agree to negotiate the percentage of the increase it is their fault, not the Pres.

Moot point, considering he can't raise the rates himself. The nature of our government is cooperation/negotiation between the Executive and both houses of Congress.
 
I'd pull out all the stops, I'd do it Democrat style. I'd have grandmas lining up in soup kitchens, I'd have naked babies lying on sidewalks as floodwaters buildup. I'd have kindergarteners eating out of dumpsters, and then scenes of Obama drinking martinis on the beach.
 
I think the RNC should spend $100M for the rest of December put ads on the air showing nothing but Obama playing in the Hawaiian surf every damn day in all 57 states. They should flood the airwaves with ads showing that bastard doing nothing while New Yorkers starve with no heat.

This would prove what exactly? Nothing other than making the Republicans more of a laughing stock than they already are. Obama still hasnt taken more time off than Bush 1 and two combined. Need we mentioned the disaster the Republicans made out of Katrina. Please I hope this happens because SNL will get funny again! I think this is one of the main reason Republicans lost this last election political madness that somehow some way Obama is taking something, hiding something. A strong majority in this country does not buy into the Republican mantra of: we are the party of fiscal responcibility, or morals. Please tell me how they are the last three republican presidents and congress are to blame for the huge debt we are in now. Yes Obama owns alot of things but not the 80% of the debt that was racked up under the Republicans watch. Yes there is a way to pay down the debt. However, both parties do not want to do it. I think the cuts should start at 20% cut in military and the tax rates go back up to Reagan levels.
 
Moot point, considering he can't raise the rates himself. The nature of our government is cooperation/negotiation between the Executive and both houses of Congress.


At the rate he's going I think we all may be surprised to see what he actually attempts to do on his own before the people wake up and oust this scourge.
 
I think the RNC should spend $100M for the rest of December put ads on the air showing nothing but Obama playing in the Hawaiian surf every damn day in all 57 states. They should flood the airwaves with ads showing that bastard doing nothing while New Yorkers starve with no heat.

Yea, because we all know that, had Obama not been in Hawaii, the storm would have not ravaged the east coast like it did.
 
This would prove what exactly? Nothing other than making the Republicans more of a laughing stock than they already are. Obama still hasnt taken more time off than Bush 1 and two combined. Need we mentioned the disaster the Republicans made out of Katrina. Please I hope this happens because SNL will get funny again! I think this is one of the main reason Republicans lost this last election political madness that somehow some way Obama is taking something, hiding something. A strong majority in this country does not buy into the Republican mantra of: we are the party of fiscal responcibility, or morals. Please tell me how they are the last three republican presidents and congress are to blame for the huge debt we are in now. Yes Obama owns alot of things but not the 80% of the debt that was racked up under the Republicans watch. Yes there is a way to pay down the debt. However, both parties do not want to do it. I think the cuts should start at 20% cut in military and the tax rates go back up to Reagan levels.

a strong majority of American cannot even tell us who the two senators in their own state are

The reagan tax levels were a maximum of 28%

I can live with that-the middle class paid a far higher share of the total income tax bill too

I Can live with that
 
List the top ten things to cut please? And how much cut comes from each of those top ten?

Please.

I'll wait - but I won't hold my breath.

What are "THE CUTS" that everybody wants to see happen?

Personally, I want to see 15% cuts across the board for starters.
 
I can't remember who wrote the piece, but I read a op-ed recently where the author said the GOP should show up and vote present on any bills that pertain to the fiscal cliff. This would allow the Dems (and apparently the majority of the country) to have what they want. From recent polls I've seen, the majority of Americans want higher taxes on the rich and they think it would be the GOP's fault if we hit the fiscal cliff. The majority of Americans voted Pres Obama into office and kept the Senate as is. I tend to agree with that opinion. Maybe the GOP should pull a Senator Obama and vote present. Then it would be a totally Democratic policy. Before any of you attack me for this, remember that I, being a servicemember, would probably get hit hardest of any group of people in the country in either scenario of Dems getting what they want or the fiscal cliff. Why? Because my taxes go up, my pay is cut, my benefits decrease or stay the same, I lose the ability to do my job as well as I used to, and my job may be on the chopping block. It would less dramatic if the Dems got what they wanted, but, it would still happen.
 
a strong majority of American cannot even tell us who the two senators in their own state are

The reagan tax levels were a maximum of 28%

I can live with that-the middle class paid a far higher share of the total income tax bill too

I Can live with that

Yes but you have to recall that there were no where near the deductions that we have now. This isnt a cure all because after Reagan slashed the tax rate the defict went from 1 trillion to a little und 4 trillion. I can see your point my concern is that some are so focused on social programs they forget that a huge amount of money is wasted on the military. I can see why Obama want to raise the tax back to Clintons levels but it should be for everyone. That being said I could go for a 20% deduction on military. Then we can adjust the social programs.
 
Yes but you have to recall that there were no where near the deductions that we have now. This isnt a cure all because after Reagan slashed the tax rate the defict went from 1 trillion to a little und 4 trillion. I can see your point my concern is that some are so focused on social programs they forget that a huge amount of money is wasted on the military. I can see why Obama want to raise the tax back to Clintons levels but it should be for everyone. That being said I could go for a 20% deduction on military. Then we can adjust the social programs.

we waste a ton on the military but it lacks two problems social programs have

1) the military is constitutionally valid

2) social programs often are not and they create dependent voters who become bots
 
I love how you pretend to talk for some many people. Most of them really aren't all that into the class struggle thing that power hungry liberal agitators live for


Its not a class struggle as you keep trying to paint it. As James Carville correctly observed, "Its the economy, stupid" People through their own experience found that giving the tax cuts to the wealthy did not create jobs, in this country anyway.
 
I didn't say that and you know it. Why would I lie like that? Why are you lieing like that? What fairy tale world do you live in? Can you possibly fathom that $200,000 isn't a million dollars?

Yes, I guess the concept was a bit sophisticated for a guy for TX, so prehaps I should break it down for you.

There is a tax cut on all taxable income up to $250K (remember the 2001/03 tax cuts were temporary, they will expire on 12/31, making these cuts permanent is a tax cut), a huge tax break (roughly 60%) on capital based income (interest, dividends and cap gains) and a very small increase on taxable income over $250K. Given that everyone, including those making over $250K enjoy the roughly 3-5 percentage point break on this tax. If you are making $250K of taxable income and say $30K of that was interest,dividends and cap gains, there is roughly a $15K tax break on that income. Given the proposed tax increase is 4.6%, it would take $325,000 of income over 250K (taxable) before that person was worse off under the Obama plan than he would be had the temporary tax cuts been allowed to expire.

Now, $250K of taxable income is not the same as gross income (everyone has deductions, credits, exemptions)... its really more like $300K... and it takes a another $325K of income before you are worse off... so, lets see, $300K + $325K is $625K of annual income before you have a tax increase. Perhaps its a stretch, but most people that I know that have $625K of annual income are millionaires...
 
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Its not a class struggle as you keep trying to paint it. As James Carville correctly observed, "Its the economy, stupid" People through their own experience found that giving the tax cuts to the wealthy did not create jobs, in this country anyway.

what is the purpose of taxing only the top 2% more

they already are the only group that pays more of the tax burden than their share of the income

its class warfare nothing more

and taxing the rich more will do what exactly for the economy given Obama wants to keep spending and spending

and its really hard to believe your motivation is something other than bashing the rich.
 
what is the purpose of taxing only the top 2% more

To recoup the 11.6 million dollars an hour we are wasting in tax cuts for the wealthy that do not produce jobs so that we can help balance the budget so that cutting benefits for the middle class and seniors is not necessary.
 
To recoup the 11.6 million dollars an hour we are wasting in tax cuts for the wealthy that do not produce jobs so that we can help balance the budget so that cutting benefits for the middle class and seniors is not necessary.

Bull****. Social spending makes up 2/3 of the federal budget. The wealthy dont have enough money to balance the budget with our current spending and you are kidding yourself if you think we do.

Its political. Its not financial. The projected income from the proposed tax rate is only 80 billion. That doesn't begin to make a dent in a 1 trillion dollar annual deficit.
Best way to know its political and not for real? Ole Harry in the Senate wont allow it to come for a vote. If it were a real plan he would be willing to back it with a vote, now wouldn't he?
 
Bull****. Social spending makes up 2/3 of the federal budget. The wealthy dont have enough money to balance the budget with our current spending and you are kidding yourself if you think we do.

I have never suggested that it was. We will also need to cut our wasteful military spending in half, increase the SS cap to $180,000 from its current $105,000, and upgrade our health care system to UHC as every other industrialized nation has done. If we are not prepared to do those things, we are not prepared to deal with our deficit.

Its political. Its not financial. The projected income from the proposed tax rate is only 80 billion. That doesn't begin to make a dent in a 1 trillion dollar annual deficit.
Best way to know its political and not for real? Ole Harry in the Senate wont allow it to come for a vote. If it were a real plan he would be willing to back it with a vote, now wouldn't he?

Its financial, by not letting the tax cuts for the wealthy expire, we waste 11.6 million dollars an hour in lost revenues. That's a hell of a lot more waste than the GOP firing of big bird!
 
I have never suggested that it was. We will also need to cut our wasteful military spending in half, increase the SS cap to $180,000 from its current $105,000, and upgrade our health care system to UHC as every other industrialized nation has done. If we are not prepared to do those things, we are not prepared to deal with our deficit.



Its financial, by not letting the tax cuts for the wealthy expire, we waste 11.6 million dollars an hour in lost revenues. That's a hell of a lot more waste than the GOP firing of big bird!


We are expecting to get a cut in military spending already. Why is it military spending is the only thing that is ever on the table for liberals?

80 billion dollars that will disappear after the first year as they go into tax avoidance to erase the amount they pay. Close the loopholes. Reduce the ability to engage in tax avoidance. Its a better solution than making a tax that can be mitigated almost as soon as its signed.

Things like capping home mortgage deduction amounts, cap medical deductions, cap charitables all of which can be done gradually to see the effects.

I would agree with means testing SS and increasing the age requirements.

So if it really is a good solution why didnt Harry put it up for a vote?
 
You mean the portion paid for through FICA? SS+Medicare?

Which must be why SS Is insolvent. Because those things are paying for it. Dont make silly statements and expect to be taken seriously.
 
bzzzz.wrong
WTF does that mean? "those things"?LOL...the irony!

So youre saying we have the funds to meet the liabilities inherent in SS right now? According to every economist Ive read, including Krugman, we do not.

Those things would be the taxes you described---you being obtuse deliberately?
 
We are expecting to get a cut in military spending already. Why is it military spending is the only thing that is ever on the table for liberals?

It isn't the only thing, but it is the biggest source of waste in our federal spending.


80 billion dollars that will disappear after the first year as they go into tax avoidance to erase the amount they pay. Close the loopholes. Reduce the ability to engage in tax avoidance. Its a better solution than making a tax that can be mitigated almost as soon as its signed.

Things like capping home mortgage deduction amounts, cap medical deductions, cap charitables all of which can be done gradually to see the effects.

I would agree with means testing SS and increasing the age requirements.

So if it really is a good solution why didnt Harry put it up for a vote?


"The cost of tax cuts for upper income earners is the same as the Social Security shortfall for the next 75 years, the Center for Budget and Priorities estimates."
Tax Cuts For Wealthy Americans Cost Treasury $11.6 Million Every Hour: Report
 
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