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Thread: Democrats may stop Bush-era tax cuts for wealthy from expiring

  1. #111
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by TurtleDude View Post
    the clinton tax hikes that jacked up the rate on the highest tax payers to almost 40%
    And when exactly was this?
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  2. #112
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by TurtleDude View Post
    If you are so educated how come you need government handouts and I do not? doctor-heal thyself and I have yet to see a credible argument that the government taking more money and engaging in more idiotic spending designed to create more dem voters helps expand the middle class.
    You assume a lot of things that you simply don't know. Typical of your type. I am not, nor have I ever been on government assistance. However, I also do not buy into the more more more corporate greed/ mine mine mineselfish attitude that also comprise much of your type.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring


  4. #114
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by TurtleDude View Post
    tax cuts cost nothing-only government spending costs money. The rich pay too much already and those who clamor for more spending don't pay enough to get the message that we are going broke

    does saving cost me money? of course not. does my saving cost you money? most likely--and that is why you are upset with tax cuts and I am not
    Taxes are the cost of the benefit of living in this great country. Why do you guys always expect people to be able to profit from the community without having to pay back?
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  5. #115
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by ptif219 View Post
    What proof it wouldn't have stopped anyway. When real job gains happen let me know.

    Obama claims he created jobs i say that is bull.

    Massive New Study Confirms Stimulus Spending On Road Construction Does Nothing To Lower Unemployment

    Here's the full write-up of the study from the AP:

    Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.

    Spend a lot or spend nothing at all, it didn't matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama's argument that more road money would address an "urgent need to accelerate job growth."

    Obama wants a second stimulus bill from Congress that relies in part on more road and bridge spending, projects the president said are "at the heart of our effort to accelerate job growth."

    Construction spending would be a key part of the Jobs for Main Street Act, a $75 billion second stimulus to revive the nation's lethargic unemployment rate and improve the dismal job market for construction workers. The House approved the bill 217-212 last month after House Speaker Nancy Pelosi, D-Calif., worked the floor for an hour; the Senate is expected to consider it later in January.

    AP's analysis, which was reviewed by independent economists at five universities, showed that strategy hasn't affected unemployment rates so far. And there's concern it won't work the second time. For its analysis, the AP examined the effects of road and bridge spending in communities on local unemployment; it did not try to measure results of the broader aid that also was in the first stimulus like tax cuts, unemployment benefits or money for states.

    "My bottom line is, I'd be skeptical about putting too much more money into a second stimulus until we've seen broader effects from the first stimulus," said Aaron Jackson, a Bentley University economist who reviewed AP's analysis.
    You guys are too funny....you sound like the old Stinger that used to be around here.

    If the ecoomy had declined under Obama it would be Obama's fault.
    Now that it is improving....oh its just the result of natural cycle.

    Can you be any less predictable?
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by disneydude View Post
    And when exactly was this?
    Omnibus Budget Reconciliation Act of 1993 - Wikipedia, the free encyclopedia

    The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93[1]) was federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referred to, unofficially, as the Deficit Reduction Act of 1993. Part XIII, which dealt with taxes, is also called the Revenue Reconciliation Act of 1993.

    * It created 36 percent and 39.6 income tax rates for individuals in the top 1.2% of the wage earners.
    * It created a 35 percent income tax rate for corporations.
    * The cap on Medicare taxes was repealed.
    * Transportation fuels taxes were raised by 4.3 cents per gallon.
    * The taxable portion of Social Security benefits was raised.
    * The phase-out of the personal exemption and limit on itemized deductions were permanently extended.
    * Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by disneydude View Post
    You guys are too funny....you sound like the old Stinger that used to be around here.

    If the ecoomy had declined under Obama it would be Obama's fault.
    Now that it is improving....oh its just the result of natural cycle.

    Can you be any less predictable?
    I show it is doing nothing and refuse to address that

  8. #118
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by ptif219 View Post
    I show it is doing nothing and refuse to address that
    You posted a weak analysis that argues it didn't affect unemployment figures, which we know is not true. Unemployment is down, not by much but it is down.
    What you don't address, however, is that ever other economic indicator shows the economy is responding.

    But that's just "natural cycle".....right? LOL.....
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  9. #119
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Dav View Post
    Keeping the tax burden what it is is not lightening the tax burden; this is a failure of distinction I see way too often. And anyways, if the government are supposed to be "serving the aristocracy", they sure are doing a crappy job of it, considering the hugely disproportional share of the tax burden the wealthy* already have.

    *not that $250,000 a year would necessarily make one "wealthy" by any means.
    The tax code suggests otherwise. Not to mention the patent laws. And how elections are funded.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #120
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by disneydude View Post
    You assume a lot of things that you simply don't know. Typical of your type. I am not, nor have I ever been on government assistance. However, I also do not buy into the more more more corporate greed/ mine mine mineselfish attitude that also comprise much of your type.
    and you assume that I support corporate "Greed" by opposing a system where rich dem elites become richer by pandering to the parasite mentality and envy by jacking up taxes on people who already pay more than they should

    want to talk about greed? greed is demanding others pay for your share of the load. That is far worse than opposing higher and higher taxes when you already pay too much

    and yes, the top 1% pay way too much because they make 22% of the income yet pay 40% of the federal income taxes.



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