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Thread: Obama to call for new tax increases in State of the Union address

  1. #251
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by iguanaman View Post
    We can't cut middle class taxes without paying for it. That is the reason for raising the capital gains rate. To keep revenue the same. Do you think we should increase our deficit or raise taxes on unspent income? It is not about a "war" on the wealthy it is about economic reality.
    That's absolutely true.

    But where I get frustrated with Obummer is that he isn't offering middle class tax cuts. If he would have proposed a combo deal, like cutting the bottom three tax rate and "paying for it" by increasing capital gains or other taxes that tend to hit the rich harder, I would have been more supportive.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by TerryOfromCA View Post
    Stupid.

    not as stupid as doubling down on the claim that Obama started the free phone (lifeline) program.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    You want context? In 1965 our budget was 250 billion dollars with 175 million people, today Obama is proposing a 3.9 trillion dollar budget for 312 million Americans. You don't seem to comprehend context or the true role of the Federal Govt. You want Federal Spending to be 20% of the GDP, Why? Do you realize that the GDP of this country includes federal spending? Most of the GDP however is generated by the private sector and the states so why should the Federal Govt. even spend close to 20%?
    Is the dollar worth today what it was in 1965?

    And did we have as many retirees in 1965 as we do today? I may be wrong, but I suspect that most of the growth in government spending since then, in terms of percent of GDP, has been in SS and Medicare. So do you think that we should screw our old folks?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  4. #254
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    Reality disagrees with you.
    LOL. I'm in touch with reality and reality says you two haven't been speaking in some time.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  5. #255
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by ocean515 View Post
    LOL. They've certainly found unique ways to get around that provision.

    Seriously though. People think the rich squirrel away their loot in some vault somewhere. They think they have mattresses stuffed with gold coins, and the economy can't get it's hands on it.
    That would make for a very interesting and educational thread.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  6. #256
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by TerryOfromCA View Post
    ...
    Correction: Part time job growth. - - Under Obama around 85% of jobs that have been created for the last six years are part time. They do not contribute to revenue since they pay too little, and they cannot support a family. Obamacare is the killer of GOOD jobs that families need.

    Our economy creates whatever type of jobs consumers demand. If we are demanding lot's of Big Macs, then we will have lot's of part time jobs. I dunno what Obamacare has to do with that.

    Fortunately, the percent of people working part time who would prefer to work full time actually dropped last year, so all is not lost.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Papa bull View Post
    LOL. I'm in touch with reality and reality says you two haven't been speaking in some time.
    What you're saying is---

    Presidential Job Approval Center
    the "compare presidents" graph is too complex for you to understand?

    Look at post WW2 presidents of 2 terms entering their 6th January and tell me you stand by your claims.
    LOL.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    Reality disagrees with you.
    With in his peer circle, his statement is probably 100% correct. Obama probably could not be more unpopular.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #259
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    That's absolutely true.

    But where I get frustrated with Obummer is that he isn't offering middle class tax cuts. If he would have proposed a combo deal, like cutting the bottom three tax rate and "paying for it" by increasing capital gains or other taxes that tend to hit the rich harder, I would have been more supportive.

    Obama's goal is not revenue neutral in the least. His goal is an increase in federal spending and power - period.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    That would make for a very interesting and educational thread.

    Well, this is way out of date, but I doubt the qualitative results don't hold (and I bet the quantitative results get--- worse---)
    http://www.federalreserve.gov/pubs/f.../200052pap.pdf

    But it is wellllll known the significant increase in marginal propensity to save even below the top 1%.

    I suppose you'd have some trolls that argue that saving/investment has a higher multiplier effect on our consumer-spending driven economy than consumer spending.
    Last edited by SlevinKelevra; 01-19-15 at 01:48 PM.

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