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

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
 
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.
 
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. :2razz:

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
 
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.
 
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?
 
Looks like we have a deal.

By Lori Montgomery and Paul Kane, Updated: Monday, December 31, 8:01 PM

Woohoo! Now, it looks like we can go on with the daily dog-and-pony show, and business as usual, while we continue to decline into more debt. Anyone up for bread and circuses? I know I'm feeling mighty optimistic. ;)
 
and for millions of retirees-what are they doing on dividend rates-money that is taxed TWICE

Quite your belly aching! This so-called deficit deal was all about making a down-payment on the deficit. It's far from the grand bargain that should have been made. This wasn't about revising the tax code, but hopefully that's coming in the near future. Meanwhile, suck it up, man!
 
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. :2razz:

Repeating the same lie over and over again doesn't suddenly make it true.
 
Quite your belly aching! This so-called deficit deal was all about making a down-payment on the deficit. It's far from the grand bargain that should have been made. This wasn't about revising the tax code, but hopefully that's coming in the near future. Meanwhile, suck it up, man!


when you start paying as much for each dollar of "benefits" you get than you will be in a position to make such a stupid comment. Its time for people like you to start getting billed for all the crap you want from government rather than telling others to pay your tab

I don't expect you to pay for me so why should I pay for you
 
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.

I’m having trouble with the bolded above. Say the annual GDP is $16t and a GOOD annual growth rate is 5%. This would equate into an annual GDP increase of $800b. Historic taxation rates have run around 18.5% REGARDLESS of the rates/deductions thus this ‘growth’ would equate to an annual revenue increase of $148b…our annual DEFICIT has been running north of $1t…this wouldn’t cover the latter Bush years when the DEFICIT was running around $400b.
 
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I’m having trouble with the bolded above. Say the annual GDP is $16t and a GOOD annual growth rate is 5%. This would equate into an annual GDP increase of $800b. Historic taxation rates have run around 18.5% REGARDLESS of the rates/deductions thus this ‘growth’ would equate to an annual revenue increase of $148b…our annual DEFICIT has been running north of $1t…this wouldn’t cover the latter years when the DEFICIT was running around $400b.

Well, and spending rates increase with economic growth as well.
 
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

You mean the poor; I know plenty of middle-class wage earners who DON'T use federal entitlement programs but could easily qualify yet choose not to because they take personal responsiblity seriously. I'm one such individual. So, again I say "suck it up!" Deal with it! Stop being a corporate welfare moocher and do your part to strengthen the national economy.
 
when you start paying as much for each dollar of "benefits" you get than you will be in a position to make such a stupid comment. Its time for people like you to start getting billed for all the crap you want from government rather than telling others to pay your tab

I don't expect you to pay for me so why should I pay for you

I don't use any federal entitlement program - not welfare, not Medicaid, not unemployment, I don't live in a HUD home, I pay my own cell phone bill and I have private health insurance. Try laying that guilt trip on somebody else.
 
You mean the poor; I know plenty of middle-class wage earners who DON'T use federal entitlement programs but could easily qualify yet choose not to because they take personal responsiblity seriously. I'm one such individual. So, again I say "suck it up!" Deal with it! Stop being a corporate welfare moocher and do your part to strengthen the national economy.

more idiotic mindless blather. You have no idea where I get my income from-you just assume anyone doing better than you gets some sort of handouts, which is crap

what I do know is that the middle class is indolent and many want more and more government that they want "the rich" to pay for

its time to cut government spending immensely. Yeah it cold turkey but we have way way too many addicts.

and if a company fails, let it fail
 
I don't use any federal entitlement program - not welfare, not Medicaid, not unemployment, I don't live in a HUD home, I pay my own cell phone bill and I have private health insurance. Try laying that guilt trip on somebody else.

then why do you demand others pay more when they use even less than you do?
 
then why do you demand others pay more when they use even less than you do?

I didn't demand anything. You're placing your anger in the wrong place. Got a problem with the fiscal cliff deal, write or call Sen. McConnell, VP Biden or your Congressman or Senator.
 
I didn't demand anything. You're placing your anger in the wrong place. Got a problem with the fiscal cliff deal, write or call Sen. McConnell, VP Biden or your Congressman or Senator.

I am responding to your idiotic assertion that I just ought to roll over and agree to more tax hikes.
I am asking why-if you really are a net tax payer-why you want other people to pay more
 
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

Please prove this with facts consdiering we have had the same tax rates for ten years and no job increase actually I believe Bush 2 had a net 0 gain on jobs. Plus doubling the debt. I am just trying really hard to find any facts on this. Unless it a paid for Republican study? I have a problem with the deal because taxes should be raised on everyone. Military should be cut and some cuts in welfare and some other social services. Plus end corporate welfare and end loopholes. Thats how you get the debt down everyone going to have to take a little bit of a bruise. However, I do not think either party wants to do this.
 
more idiotic mindless blather. You have no idea where I get my income from-you just assume anyone doing better than you gets some sort of handouts, which is crap

Talk about the pot calling the kettle black! You made the same accusation against me without knowing how I make a living. I just threw your same BS right back at you. If you can't take it, don't make wild, unsubstantiated accusations.
 
Please prove this with facts consdiering we have had the same tax rates for ten years and no job increase actually I believe Bush 2 had a net 0 gain on jobs. Plus doubling the debt. I am just trying really hard to find any facts on this. Unless it a paid for Republican study? I have a problem with the deal because taxes should be raised on everyone. Military should be cut and some cuts in welfare and some other social services. Plus end corporate welfare and end loopholes. Thats how you get the debt down everyone going to have to take a little bit of a bruise. However, I do not think either party wants to do this.

if we had jacked taxes up or kept the clinton tax hikes in place when Bush came into office what do you think would have happened to the post 9-11 economy

and why did obumble adopt the bush tax rates

Obummer's job increase was far worse than Bush's

and giving the government more money is just plain idiotic
 
Talk about the pot calling the kettle black! You made the same accusation against me without knowing how I make a living. I just threw your same BS right back at you. If you can't take it, don't make wild, unsubstantiated accusations.

we do know that you want people wealthier than you to pay more

so if you aren't sucking from the public tit, then why do you want others to have to put more milk in that tit
 
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