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

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

    Quote Originally Posted by Ikari View Post
    I did say we should cut spending. We should. But forever war ain't cheap. This form of interventionism we run against our Peoe and other nations, it costs a lot of money.
    Obama proposed a 3.9 trillion dollar budget for fiscal year 2015, why? Why do we need that big of a govt?

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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
    Obama proposed a 3.9 trillion dollar budget for fiscal year 2015, why? Why do we need that big of a govt?
    Is that equine corpse completely flayed yet?

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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
    Is that equine corpse completely flayed yet?
    Not until I get one of our brilliant leftwing whackos here to answer the question

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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
    Another liberal who doesn't understand economic activity and the benefits of people keeping more of what they earn. Tax cuts have only occurred, real tax cuts(not rebates) have only occurred 3 times since the 60's, JFK, Reagan, and GW Bush. All three got incredible economic activity and grew govt. revenue. Liberals want to ignore that. If tax cuts were bad how did govt. revenue grow? You think the 17 million unemployed/under employed/discouraged workers are paying much in FIT?
    Regan's income tax cuts were accompanied by hikes in corporate and capital gains tax rates along with several other tax increases and the elimination of some deductions. Of course, back then Repbulicans referred to tax increases as "revenue enhancers" because the increases in government revenue resulted from increasing taxes not from cutting them. The Bush income tax cuts were also accompanied by tax increases and tariffs. There isn't a single real world example of tax cuts resulting in an increase in revenue. I understand how you think the economy works in relation to government revenue but the reality of it is quite different.
    Last edited by Napoleon; 01-21-15 at 04:53 PM.

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

    Quote Originally Posted by Napoleon View Post
    Regan's income tax cuts were accompanied by hikes in corporate and capital gains tax rates along with several other tax increases and the elimination of some deductions. Of course, back then Repbulicans referred to tax increases as "revenue enhancers" because the increases in government revenue resulted from increasing taxes not from cutting them. The Bush income tax cuts were also accompanied by tax increases and tariffs. There isn't a single real world example of tax cuts resulting in an increase in revenue.
    As usual you still don't get it, INCOME TAXES WERE CUT FOR ALL AMERICAN INCOME EARNERS and FEDERAL INCOME TAX REVENUE increased 60%. How did that happen? Do you understand that none of the taxes you mentioned had anything to do with individual income taxes?

    Guess you better tell that to the U.S. Treasury which is the bank account of the United States because INCOME TAX REVENUE grew 60% during the Reagan term

    I will never understand people like you. Is it ignorance or what that causes you to ignore the actual data and facts?

    By the way, how old were you when Reagan was President? Do you have any idea why Reagan agreed to raise those taxes that you mentioned? Think about it, do some research and get back to me? What did the Democrats that Controlled the House offer?
    Last edited by Conservative; 01-21-15 at 05:00 PM.

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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
    Obama proposed a 3.9 trillion dollar budget for fiscal year 2015, why? Why do we need that big of a govt?
    I dunno, but I believe that's up 12.17% since 2008. Thats an average growth rate of about 2%/yr (about the same as our inflation rate). Budget growth under Bush was over 4% a year.

    Of course you are going to hate my source. It's the Heritage Foundation. The Federal Budget, 1994

    I wonder how much spending went up each year under Reagan? Hmmm.
    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 imagep View Post
    I dunno, but I believe that's up 12.17% since 2008. Thats an average growth rate of about 2%/yr (about the same as our inflation rate). Budget growth under Bush was over 4% a year.

    Of course you are going to hate my source. It's the Heritage Foundation. The Federal Budget, 1994

    I wonder how much spending went up each year under Reagan? Hmmm.
    The last Bush budget was 3.1 trillion dollars, Obama's budget is 800 billion dollars more with low inflation. Never said the Bush budget was a good one either. tell me why we need this big of a Federal Govt? It seems that it is the Federal Taxpayers who are asked to do more with less, not the Federal Govt. You don't have a problem with that?

    I also know that this reality escapes you but 9/11 happened the first year of Bush and cost the Treasury over a trillion dollars and then there was two wars. Now you can argue the benefits of both but that doesn't change the fact that there are no wars now but a request for 3.9 trillion dollars

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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
    I dunno, but I believe that's up 12.17% since 2008. Thats an average growth rate of about 2%/yr (about the same as our inflation rate). Budget growth under Bush was over 4% a year.

    Of course you are going to hate my source. It's the Heritage Foundation. The Federal Budget, 1994

    I wonder how much spending went up each year under Reagan? Hmmm.
    Oh, wait right there...you think that conservatives, not Republican's, Conservatives think that Republican's didn't grow government just as fast as Demo's over the past 50 years? Ha!

    The problem there is that Republican's whom used to stand for their principles started listening to demo's telling them the only way to win was to increase 'goodies' to the masses...It was, and is a failure.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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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
    The last Bush budget was 3.1 trillion dollars
    According to the link, in 2008 (Bush was POTUS for every day of that year), the government spent $3.25 trillion. In 2000, Clinton's last year, the government spent 2.36 trillion. That's nearly a trillion dollar increase. But maybe my source was just making up numbers, because they are so liberal and everything.

    Obama's budget is 800 billion dollars more with low inflation.
    More like $650 billion according to the Heritage foundation, but who's counting. Maybe the Heritage Foundation just makes up numbers.

    Never said the Bush budget was a good one either. tell me why we need this big of a Federal Govt? It seems that it is the Federal Taxpayers who are asked to do more with less, not the Federal Govt. You don't have a problem with that?
    How about Reagan then, was he not a good one either?

    Maybe this will explain his spending a little:

    In 1980, Jimmy Caner's last year as president, the federal government spent a whopping 27.9% of "national income" (an obnoxious term for the private wealth produced by the American people). Reagan assaulted the free-spending Carter administration throughout his campaign in 1980. So how did the Reagan administration do? At the end of the first quarter of 1988, federal spending accounted for 28.7% of "national income."

    Even Ford and Carter did a better job at cutting government. Their combined presidential terms account for an increase of 1.4%—compared with Reagan's 3%—in the government's take of "national income." And in nominal terms, there has been a 60% increase in government spending, thanks mainly to Reagan's requested budgets, which were only marginally smaller than the spending Congress voted.

    The budget for the Department of Education, which candidate Reagan promised to abolish along with the Department of Energy, has more than doubled to $22.7 billion, Social Security spending has risen from $179 billion in 1981 to $269 billion in 1986. The price of farm programs went from $21.4 billion in 1981 to $51.4 billion in 1987, a 140% increase. And this doesn't count the recently signed $4 billion "drought-relief" measure. Medicare spending in 1981 was $43.5 billion; in 1987 it hit $80 billion. Federal entitlements cost $197.1 billion in 1981—and $477 billion in 1987.

    Foreign aid has also risen, from $10 billion to $22 billion. Every year, Reagan asked for more foreign-aid money than the Congress was willing to spend. He also pushed through Congress an $8.4 billion increase in the U.S. "contribution" to the International Monetary Fund.

    His budget cuts were actually cuts in projected spending, not absolute cuts in current spending levels. As Reagan put it, "We're not attempting to cut either spending or taxing levels below that which we presently have."

    The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and Carter in their combined terms could only double it. It took 31 years to accomplish the first postwar debt tripling, yet Reagan did it in eight.
    And my source for that? The Free Market | Mises Institute Another leftist organization.

    And I just noticed, who the heck proofreads what these organizations put out? "Jimmy Carner"? Who's that?
    Last edited by imagep; 01-21-15 at 05:31 PM.
    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 j-mac View Post
    Oh, wait right there...you think that conservatives, not Republican's, Conservatives think that Republican's didn't grow government just as fast as Demo's over the past 50 years? Ha!

    The problem there is that Republican's whom used to stand for their principles started listening to demo's telling them the only way to win was to increase 'goodies' to the masses...It was, and is a failure.
    Exactly when was it that republicans or conservatives stood up for low spending?

    they talk the talk, but NEVER walk the walk.

    And since you are attempting to make the point that republicans aren't conservative, can you point me to any conservative POTUS who has restrained spending? Any?
    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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