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Thread: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

  1. #21
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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    its idiotic-if I have to pay more taxes (I will due to the surcharge that the idiotic obama care imposes on investment income0I sure want the people who put Obama into office paying more-that being the middle class.)

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Republic Now! View Post
    Most of those were offered compromises, not desired outcomes for the republicans. How is that a win-win? The only thing on there that even resembles a republican proposal was the phase out of tax deductions, but that was supposed to be coupled with spending cuts.
    Considering that the GOP viewed a tax increase on wage earner making $250K to be a negative for small businessowners, I'd say raising that threshold to $400/$450K to be a win for them. They also got to keep the rate on the estate tax higher than Democrats wanted and kept capital gains relatively in tact despite the 5% increase on $400/$450K wage earners.

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Objective Voice View Post
    Considering that the GOP viewed a tax increase on wage earner making $250K to be a negative for small businessowners, I'd say raising that threshold to $400/$450K to be a win for them. They also got to keep the rate on the estate tax higher than Democrats wanted and kept capital gains relatively in tact despite the 5% increase on $400/$450K wage earners.

    and for millions of retirees-what are they doing on dividend rates-money that is taxed TWICE

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Republic Now! View Post
    Yes, this will solve the trillion a year deficit.

    This "compromise" is a joke.

    They're solving the fiscal cliff, something they made to force themselves to solve the deficit.
    Politics.
    You are not going to solve the deficit in two weeks. The best way to solve the deficit is for the economy to improve; the worst thing that could happen to our deficit is for the economy to tank. Any decent deal will help the economy avoid recession and continue to drive forward. Hence, any decent deal will work towards deficit reduction.

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by TurtleDude View Post
    its idiotic-if I have to pay more taxes (I will due to the surcharge that the idiotic obama care imposes on investment income0I sure want the people who put Obama into office paying more-that being the middle class.)
    The middle-class is already paying more in taxes as a ratio of their net income...have been for a very long time now (since the Reagan-era).

    Suck it up, TurtleDude. Time you guys start putting in on this economy same as the rest of us.

  6. #26
    warrior of the wetlands
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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by upsideguy View Post
    You are not going to solve the deficit in two weeks. The best way to solve the deficit is for the economy to improve; the worst thing that could happen to our deficit is for the economy to tank. Any decent deal will help the economy avoid recession and continue to drive forward. Hence, any decent deal will work towards deficit reduction.
    extending the 10 year tax rates permanently would grow the economy far more than any so called deal even if it causes the Clown in Chief to lose face.

    you are right, the best way to solve the deficit is NOT to give the government more money through tax increase but from increased revenue due to the economy growing

  7. #27
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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Objective Voice View Post
    Considering that the GOP viewed a tax increase on wage earner making $250K to be a negative for small businessowners, I'd say raising that threshold to $400/$450K to be a win for them. They also got to keep the rate on the estate tax higher than Democrats wanted and kept capital gains relatively in tact despite the 5% increase on $400/$450K wage earners.
    Thank you for describing the compromises in case anyone else didn't know them already.
    One who makes himself a worm cannot complain when tread upon.

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Objective Voice View Post
    The middle-class is already paying more in taxes as a ratio of their net income...have been for a very long time now (since the Reagan-era).

    Suck it up, TurtleDude. Time you guys start putting in on this economy same as the rest of us.
    what BS-I pay many hundreds of dollars for each dollar of government service I use

    the middle class-often get more than they pay

  9. #29
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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Objective Voice View Post
    Considering that the GOP viewed a tax increase on wage earner making $250K to be a negative for small businessowners, I'd say raising that threshold to $400/$450K to be a win for them. They also got to keep the rate on the estate tax higher than Democrats wanted and kept capital gains relatively in tact despite the 5% increase on $400/$450K wage earners.
    You mean they got to keep the rate on the estate tax lower than the democrats wanted. Lets remember the democrats were the ones wanting to raise the rates.

  10. #30
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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by upsideguy View Post
    You are not going to solve the deficit in two weeks.
    They had a year to do this, not two weeks.

    The best way to solve the deficit is for the economy to improve;
    That would be dandy, if spending didn't increase in kind. Spending needs to be brought under control. There's no two ways about it.

    the worst thing that could happen to our deficit is for the economy to tank. Any decent deal will help the economy avoid recession and continue to drive forward. Hence, any decent deal will work towards deficit reduction.
    Then why are we raising taxes?
    One who makes himself a worm cannot complain when tread upon.

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