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Thread: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108 mill

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by SlevinKelevra View Post
    I care because some people think he's fit to run MY NATION.
    And you don't agree. Why not? The taxpayers in his state liked him enough to reelect him in one of the highest voter turnouts they ever had. He must be doing something right.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by poweRob View Post
    Clearly you don't.
    LOL. I guess it would have been more accurate to have written I appreciate you HAVE an opinion. You're correct to conclude I think your opinion ihas no basis in reality, but I do appreciate you took the time to offer it.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by Objective Voice View Post
    Tax cuts aren't a problem when they're fair and meant to be temporary. It's when they're made permanent and/OR the responsibility of government revenue generation isn't distributed on a more equitable basis, i.e., less taxation for the rich, more taxation for the working-class, very little if any for the poor, that's when it becomes a problem. Prolonged (or permanent) tax cuts further compound problems in the economy when your tax structure is based moreso on consumption and the number of consumers dwindle OR the cost of consumer goods and services increase where wages remain relatively flat. When such happens, you lose the positive impact consumer spending is meant to have on the economy. Less buyers, more sellers = reduced GDP (in this case at the state-level) which translates to less revenue to work with.

    Even if the debt is spread out over time, you'll still have to make up that revenue shortfall somewhere. So, the irresponsibility here per the OP really is the fact that Gov. Walker's tax cutting budget strategy does "kick the can further down the road" by purposely running up a short-term debt with no way to pay it down in the near future despite coming into office lamenting "balanced budgets, debt/deficit reductions". Put another way: If Republicans are going to scream about the federal government running up debts and deficits, then why can't the people call out state executives for doing the same?
    Once again, someone who thinks that tax cuts have no effect on the economy. These don't happen in a vacuum, they have an effect on the overall economy and it is a positive one, albeit a long term one. People ignore the long term effects of tax cuts only focus on one side of the equation CHOOSING to ignore the rest of the economic impact of cutting taxes. Now, I'll probably be accused of saying that I think that taxes should be eliminated altogether (that's what usually happens in these kind of discussions), and that's not what I or almost any other person who supports tax cuts believe. Our tax base should be wide and shallow instead of the narrow and tall model that tax increase supporters want to see. We need the money in the economy, creating jobs, increasing the number of taxpayers and driving tax revenue through having a lot of taxpayers, instead of taxing fewer taxpayers even more.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by Fletch View Post
    It doesn't taste like crow at all. I love how you liberals want to give Obama credit for all the spending that helped save the world from the global recession but stick Bush with the tab. Have it your way. It was Bushs spending and budget that lifted us out of the recession, which only serves to make Obama that much more of an insignificant president. But unfortunately for you, the math still doesn't work in your favor. Pile that trillion onto Bush and you still have $7,000,000,000,000 added to the debt by a single man: Obama. And he isn't done yet. He will get to 8,000,000,000,00. Easy.
    Don't worry, Obama will bust easily through $8 trillion before he's gone for good.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by Fletch View Post
    It doesn't taste like crow at all. I love how you liberals want to give Obama credit for all the spending that helped save the world from the global recession but stick Bush with the tab. Have it your way. It was Bushs spending and budget that lifted us out of the recession, which only serves to make Obama that much more of an insignificant president. But unfortunately for you, the math still doesn't work in your favor. Pile that trillion onto Bush and you still have $7,000,000,000,000 added to the debt by a single man: Obama. And he isn't done yet. He will get to 8,000,000,000,00. Easy.
    Rob would like you to forget that the almost $1 trillion Obama stimulus package, adopted by Congress in February 2009, a month after Obama took office and a few months before the recession was declared over, was credited on the books to the Bush final budget year.

    Edit:

    I also forgot to mention that the Bush TARP dollars, some $800 million approved in late 2008, has virtually all been repaid to the US treasury by the banks/financial institutions who received them, during Obama's terms, further skewing the deficit/debt numbers in Obama's favour.
    Last edited by CanadaJohn; 02-26-15 at 11:37 AM.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by faithful_servant View Post
    Once again, someone who thinks that tax cuts have no effect on the economy. These don't happen in a vacuum, they have an effect on the overall economy and it is a positive one, albeit a long term one. People ignore the long term effects of tax cuts only focus on one side of the equation CHOOSING to ignore the rest of the economic impact of cutting taxes. Now, I'll probably be accused of saying that I think that taxes should be eliminated altogether (that's what usually happens in these kind of discussions), and that's not what I or almost any other person who supports tax cuts believe. Our tax base should be wide and shallow instead of the narrow and tall model that tax increase supporters want to see. We need the money in the economy, creating jobs, increasing the number of taxpayers and driving tax revenue through having a lot of taxpayers, instead of taxing fewer taxpayers even more.
    The rate at which an income earner in Ontario, Canada pays no federal income tax is about $11,000 and under and no provincial income tax is about $9,500 and under - all income above those amounts is taxable, allowing most income earners to be contributing members of society. They may, however, be qualified, depending on individual circumstances, for income supplements/tax credits.

    I note this in contrast to what is widely reported as upwards of 50% of American taxpayers not paying any federal income taxes. In Canada, it's about one third who don't pay.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by CanadaJohn View Post
    Rob would like you to forget that the almost $1 trillion Obama stimulus package, adopted by Congress in February 2009, a month after Obama took office and a few months before the recession was declared over, was credited on the books to the Bush final budget year.

    Edit:

    I also forgot to mention that the Bush TARP dollars, some $800 million approved in late 2008, has virtually all been repaid to the US treasury by the banks/financial institutions who received them, during Obama's terms, further skewing the deficit/debt numbers in Obama's favour.
    It depends on what set of numbers we are going by.

    Many conservatives will use the January 2009 to date numbers as Obama's in order to inflate his budget deficit (I've even seen a few go back to Jan of 2008, but that's either blatant dishonesty or "mis-remembering" who was in office in 2008). Other's have argued that since Bush never signed his last budget, he's not responsible for it.

    And by the way, that $787 billion dollar spendulous didn't all go on the books in 2009, only something like 300 billion of it was spent that year, the rest was spent over several years, and it's my understanding that not all the money that was allocated for the spendulous programs was actually spent as many of the programs never really were feasible and some of the money which was supposed to go directly to the states was refused by the states.

    Since the TARP money was a loan, it wasn't counted as an expenditure, so it didn't harm anyone's numbers.
    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: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by imagep View Post
    It depends on what set of numbers we are going by.

    Many conservatives will use the January 2009 to date numbers as Obama's in order to inflate his budget deficit (I've even seen a few go back to Jan of 2008, but that's either blatant dishonesty or "mis-remembering" who was in office in 2008). Other's have argued that since Bush never signed his last budget, he's not responsible for it.

    And by the way, that $787 billion dollar spendulous didn't all go on the books in 2009, only something like 300 billion of it was spent that year, the rest was spent over several years, and it's my understanding that not all the money that was allocated for the spendulous programs was actually spent as many of the programs never really were feasible and some of the money which was supposed to go directly to the states was refused by the states.

    Since the TARP money was a loan, it wasn't counted as an expenditure, so it didn't harm anyone's numbers.
    That is all true, but democrats like to credit Obama and his spending for ending the recession (which actually ended in June 2009, so he had nothing to do with it) but then heap the blame for that spending on Bush. They cant have it both ways. Plus, it was a democrat congress that wrote the spending bills for the 2009 budget. So you can blame Bush for a lot of things, but the deficit run up under Obama isn't one of them.

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    Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by Fletch View Post
    That is all true, but democrats like to credit Obama and his spending for ending the recession (which actually ended in June 2009, so he had nothing to do with it) but then heap the blame for that spending on Bush. They cant have it both ways. Plus, it was a democrat congress that wrote the spending bills for the 2009 budget. So you can blame Bush for a lot of things, but the deficit run up under Obama isn't one of them.
    When the recession ended a few months after the spendulous money started getting into the system, there is no way you can prove that the spendulous didn't contribute to at least shortening the recession. The truth is, we really don't know and will never know how much it helped.

    And you have to admit that without the Great Bush Recession, Obama would have probably never been able to get the spendulous bill through congress, so it's not totally unfair to attribute that spending to him. Also, most of the reason that the 2008-209 deficits were so large was due to a decrease in tax revenue, which was also the result of the Great Bush Recession.

    There is little difference between the way that many lefties like to "adjust" and explain away the numbers, and the way that righties do it.

    By the way, I'm not particularly "in the bag" for Obama or against Bush. I didn't vote for him either time, but I did vote for Bush. I'm just trying to look at this issue in a non-partisan way and calling things the way I see them.
    Last edited by imagep; 02-26-15 at 12:57 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: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

    Quote Originally Posted by chad1389 View Post
    And yet the debt that Obama continues to let bigger daily goes unheard of in leftist circles, unless of course Bush is brought up, because as we all know, it's always his fault. This might be his as well. Who knows? Maybe the left?
    If you are trying to suggest that Mr. Obama has been equally irresponsible, that's a massive fail.



    The deficit has gotten smaller under Obama and as GDP continues to grow faster than the deficit grows, the debt becomes more and more irrelevant -- just like the massive $220 billion World War II debt did.

    Remember, Obama did have the upper-income tax-cuts expire too.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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