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Thread: Senate Democrats’ budget plan will reopen battle over taxes

  1. #21
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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by Mr.Nick View Post
    The democrats want every dollar and every cent from the working class in order to redistribute while denying they're communistic in nature.

    At this point in my life I could care less if they use Marx's model or not - the end result is the only thing that matters. Generally I call them "nanny state elitist psychopath tyrannical devils" however their redistribution economic idea goes nameless.

    Of course in our democratic society (which temporarily still exists) idiots will vote for whoever promises the most free taxpayer money...

    Some country we live in... The poor have no reason to become middle class, the middle class have to support the poor and the rich have so much money it doesn't matter.....
    Whatcha think about the article in the post that you quoted?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by sangha View Post
    IOW, unions don't pay income taxes, except when they do
    IOW, you don't get it.
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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by Whipsnade View Post
    So, start a thread on what you think should not be subsidized then.Oil companies are mentioned in the OP article, other subsidies are not.
    Im sure hoping you feel the same way about green subsidies since they were 4 times those of "big oil".

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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by Whipsnade View Post
    They’ll start taxing unions when they start showing a profit Maggie. How about taxing churches; are you for that as well?
    Yes. Because we pick and choose which religions get tax exempt status. Why special treatment only for select faiths?
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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by OpportunityCost View Post
    Im sure hoping you feel the same way about green subsidies since they were 4 times those of "big oil".


    Let us hope that “4 times “will somehow morph to at least a hundred fold increases of green subsidies to environmental friendly companies. Think that one thru for a bit. If successful, it will help wean us off of oil that comes from countries that don’t like us; it will also provide jobs in this country, that HOPEFULLY will prime the pump for said GREEN COMPANIES, perhaps, sometime in the future that can look forward to earning $80 billion in profits WITHOUT lining up at the public tit to get their allowance.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by Whipsnade View Post
    Let us hope that “4 times “will somehow morph to at least a hundred fold increases of green subsidies to environmental friendly companies. Think that one thru for a bit. If successful, it will help wean us off of oil that comes from countries that don’t like us; it will also provide jobs in this country, that HOPEFULLY will prime the pump for said GREEN COMPANIES, perhaps, sometime in the future that can look forward to earning $80 billion in profits WITHOUT lining up at the public tit to get their allowance.
    Judging from your response, you havent noticed that green tech is primarily not profitable. Its dependent upon subsidies as part of its business model--it actually retards progress when a business becomes dependent upon the government for its profit.

    I would argue the same is true of the oil industry but a lot of what you term "subsidies" are really just capital tax breaks that almost every company gets to deduct. I would say that their non use lease subsidy needs to be rescinded. Allowing for current tech, they know what a given well will yield and shouldnt be paid for not drilling on leased land. There a number of other things I would say they can end.

    That doesnt make the green subsidies any more correct than the oil ones.

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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by OpportunityCost View Post
    Judging from your response, you havent noticed that green tech is primarily not profitable. Its dependent upon subsidies as part of its business model--it actually retards progress when a business becomes dependent upon the government for its profit.

    I would argue the same is true of the oil industry but a lot of what you term "subsidies" are really just capital tax breaks that almost every company gets to deduct. I would say that their non use lease subsidy needs to be rescinded. Allowing for current tech, they know what a given well will yield and shouldnt be paid for not drilling on leased land. There a number of other things I would say they can end.

    That doesnt make the green subsidies any more correct than the oil ones.
    Amazingly government funding didn’t retard progress when it actually accounted for roughly three-quarters of computer development. Go figure.In the sixties more than one third of the R&D at IBM was propped up by the Gov,s tit. We wouldn't be discussing Gov. Subsidies today if it weren't for Gov. Subsidies going to Big Blue(IBM).

    Indeed, you can give Big Blue and Bell labs/and the Gov. tit a well done on the development of the transistor; forerunner to the microscopic chips we see today.

    Not a whole lot of R&D needed to drill a hole in the ground to see if there is any oil down there though.

    You’re right on these points though “capital tax breaks that almost every company gets to deduct. “And “. Allowing for current tech, they know what a given well will yield and shouldn't be paid for not drilling on leased land. “
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by MaggieD View Post
    IOW, you don't get it.
    I got it.

    You said that unions don't pay income tax, and that unions do pay income tax
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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by OpportunityCost View Post
    Judging from your response, you havent noticed that green tech is primarily not profitable. Its dependent upon subsidies as part of its business model--it actually retards progress when a business becomes dependent upon the government for its profit.
    And everyone knows the govt should only subsidize businesses that don't need subsidies because they're already profitable
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Senate Democrats’ budget plan will reopen battle over taxes

    Quote Originally Posted by Whipsnade View Post
    By Lori Montgomery, Sunday, January 20, 2:37 PM

    Looks like the republican party are getting what they ask for...in spades.

    <Senate Democrats plan to draft a budget blueprint that calls for significantly higher taxes on the wealthy, oil and gas companies and corporations doing business overseas, reopening a battle over taxes Republicans had hoped to lay to rest with the “fiscal cliff.”>


    <“There’s going to have to be some spending cuts, and those will be negotiated,” Schumer, the No. 3 Democrat in the Senate, said in an interview after the show. “But doing a budget is the best way for us to get revenues.”>

    <House Republicans are eager to draft a reconciliation bill to cut spending on federal health programs and to overhaul the tax code, in part by cutting rates. And Democrats are eager to draft a reconciliation bill that would raise additional revenue, in part by limiting tax breaks for wealthy individuals, oil and gas companies and multinational corporations.>

    Senate Democrats’ budget plan will reopen battle over taxes - The Washington Post
    Hope this is true. Then we can have an honest debate on your tax issues and what an appropriate rate this president feels makes sense. Perhaps we can learn why he did not adjust the favorable treatment given to hedge fund managers, many of whom supported him. Or perhaps you can explain why allowing carried interest to be taxed at capital gains versus ordinary income makes sense.

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