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

  1. #121
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by disneydude View Post
    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?
    why do you lie? No one has said people should not pay taxes (other than the dems who think that their voting block shouldn't pay taxes but the rich should pay more?) Its not the rich who don't pay back.



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

    Quote Originally Posted by ptif219 View Post
    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    * The cap on Medicare taxes was repealed.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
    Its amazing how ignorant some are about the Clinton era tax cuts and the fact that the magic Kenyan promised to restore the clinton tax hikes. Libs hate calling them tax hikes but the fact is-for more than half this country's history, any income tax was anathema and NORMALCY is no income taxes and certainly nothing like a 40% tax which (with all the other taxes) means the most productive citizens are keeping less than half of each additional dollar they make



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

    Quote Originally Posted by disneydude View Post
    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?
    What was your tax liability for 2009? Or, did you qualify for the earned income credit?
    Quote Originally Posted by Top Cat View Post
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by MaggieD View Post
    I want to state this in words so I'm sure I understand it. 48% of our current deficit is the responsibility of tax cuts....? Is that how this pie is interpretted? I see it's the CBO so . . .

    I'd better be very careful here. I may just learn something.
    How can 48% of our deficit be tied to tax cuts? That has no face validity. That pie graph that's been posted is sourced as coming from the CBO - it actually comes from CBPP which is anything BUT nonpartisan.

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

    Quote Originally Posted by disneydude View Post
    Why would we stop blaming Bush for the things he is responsible for? Bush is the author and creator of the economy that we are beginning to pull out of. If we can't pull out of it in the next couple of years, then Obama deserves some blame as well....it doesn't mean that Bush is absolved.

    BTW....this is DP, not twitter....its very easy to use the quote feature if you want to respond...you don't need the "@"....just a helpful hint.
    Fortunately, virtually everyone knows - especially voters - that this is utter BS.

    Obama has tripled the spending of Bush in a year and a half, and there appears to be no end in sight. Time to cut his nuts off in November, watch him flutter in the wind for two years, and then oust the disaster in 2012.

    Of course, the Republicans will probably be challenging Hillary by then because even Democrats are recognizing the joke they just elected.

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

    Quote Originally Posted by TurtleDude View Post
    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.
    Try again....your figures are off
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Erod View Post
    Fortunately, virtually everyone knows - especially voters - that this is utter BS.

    Obama has tripled the spending of Bush in a year and a half, and there appears to be no end in sight. Time to cut his nuts off in November, watch him flutter in the wind for two years, and then oust the disaster in 2012.

    Of course, the Republicans will probably be challenging Hillary by then because even Democrats are recognizing the joke they just elected.
    I love how you guys are still trying to rehabilitate your failed leader. Look at the economic indicators. Since Obama has taken office he has slowed and turned around the downfall of our economy....which....as much as you continue to deny....was Bush's fault. True....Obama has spent too much and has done things that I don't agree with. However, I'm willing to accept that as long as I see movement in the right direction....and the reality is, things are moving in the right direction. Not as quickly as anyone would like...but in the right direction nevertheless.
    <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
    I love how you guys are still trying to rehabilitate your failed leader. Look at the economic indicators. Since Obama has taken office he has slowed and turned around the downfall of our economy....which....as much as you continue to deny....was Bush's fault. True....Obama has spent too much and has done things that I don't agree with. However, I'm willing to accept that as long as I see movement in the right direction....and the reality is, things are moving in the right direction. Not as quickly as anyone would like...but in the right direction nevertheless.
    What has Obama done? Nothing.

    So you think giving money to auto unions, extending unemployment out to forever, and passing stimulus packages that will serve as slush funds for campaigns has had a positive impact on the economy.

    What....has....he....done?

    What

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

    Quote Originally Posted by disneydude View Post
    I love how you guys are still trying to rehabilitate your failed leader. Look at the economic indicators. Since Obama has taken office he has slowed and turned around the downfall of our economy....which....as much as you continue to deny....was Bush's fault. True....Obama has spent too much and has done things that I don't agree with. However, I'm willing to accept that as long as I see movement in the right direction....and the reality is, things are moving in the right direction. Not as quickly as anyone would like...but in the right direction nevertheless.
    Unlike many others, I can't fault Pres Obama too much on his policies. After all, we don't know what in the WORLD our economy would look like if he hadn't done these things. It's easy to cast stones at the opposition.

    Having said that, your assertion that, "This is all Bush's fault," shows a basic misunderstanding of what caused the housing collapse. It was not all Bush's fault, by a long shot.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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

    Quote Originally Posted by Harry Guerrilla View Post
    Raising taxes during a recession is stupid.


    Definitely. The history of taxation in this country has shown that to be the case.
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