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

MaggieD said:
@ DisneyDude -- Christ. Are we never going to stop blaming Bush? You don't have a grasp on reality.
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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.
 
stealthy said:
Democrats are considering a plan to delay tax hikes on the wealthy for two years because the economic recovery is slow and they fear getting crushed in November’s election.

It could mean a big reprieve for families earning $250,000 and above annually.

President George W. Bush’s tax cuts will expire at the end of the year unless Congress acts to delay their sunset.

Some Democrats are now arguing forcefully that a delay is a win-win plan that would help the federal budget without hurting the economy.

Democrats may stop Bush-era tax cuts for wealthy from expiring - TheHill.com

That ought to set some hair on fire. They admit tax cuts help the economy at least.
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if the clinton tax hikes are reinstated in 2011, that means the Obama re-election effort is gonna take a serious hit if the tax hikes do what Art Laffer and many others expect
 
TurtleDude said:
if the clinton tax hikes are reinstated in 2011, that means the Obama re-election effort is gonna take a serious hit if the tax hikes do what Art Laffer and many others expect
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What "Tax hikes" were those specifically?
 
Ikari said:
Hahah, a big reprieve for families earning over 250,000 dollars. Yeah, that's great. Let's lighten the tax burden on the group not suffering. What about the middle class? Do we even care about those bastards anymore? Or have we abandoned all pretense and have admitted that the government does nothing but serve the elite and new aristocracy?
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yeah those doctors and small business owners making 300K or those retirees who invested wisely are real aristocrats. Maybe if the middle class were paying more than half of each next dollar they make in income taxes (State and federal) they would stop voting for tax hiking politicians or spendthrifts. How does the government serve the wealthy when the wealthy pay 40% of the income tax yet make only 22% of the income?
 
disneydude said:
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.
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If you think it is as simplistic as, "It's all Bush's fault," you are misinformed, Disney. This mess started during Clinton's presidency. Thanks for the tip. Just seems like a waste of space to pick up a whole quote. But maybe I'll start doing that.
 
MaggieD said:
Thanks for the tip. Just seems like a waste of space to pick up a whole quote. But maybe I'll start doing that.
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You don't have to use the whole quote...you can edit out whatever part you want.
 
disneydude said:
If you haven't noticed, the middle class is shrinking....thanks to Corporate Welfare and Greed.
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I'd ask for proof

but It would be a waste of time
 
ptif219 said:
Some progress would help
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Take a look at the economic indicators. They are almost all moving in the right direction...albeit slowly. Stopping the decline and making small gains...I would call that progress....you don't?
 
TurtleDude said:
I'd ask for proof

but It would be a waste of time
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I'd post a number of links you could use to educate yourself ( Search ResultsIs the Middle Class Shrinking? - TIME
Experts debate the impact of job-market upheavals on income distribution.
Is the Middle Class Shrinking? - TIME - SimilarIs the Middle Class Shrinking? - TIME
The great American middle class, the provocateurs contend, is no longer so great. It is shrinking steadily, goes the theory, and shedding its members into ...
Is the Middle Class Shrinking? - TIME - SimilarHow middle class adjusts to recession - MSN Money
Jan 26, 2010 ... New rules for a shrinking middle class. The recession may be winding up, but millions of Americans have been forced to downsize and cut back ...
articles.moneycentral.msn.com/.../new-rules-for-a-shrinking-middle-class.aspx - Cached - SimilarThe Shrinking Middle Class
Nov 18, 2009 ... Yes it is long... but it does explain the pressures faced by the shrinking Middle Class—-pressures that didn't exist back in the 1970's. ...
www.wealthdaily.com/.../the-shrinking-middle-class/2188 - Cached - Similar[PDF] The shrinking middle class: myth or reality?
File Format: PDF/Adobe Acrobat - Quick View
MONTHLY LABOR REVIEW March 1985 9 Is The Middle Class Shrinking? that are considered to have many high and low income earners wiih relatively few in the ...
www.bls.gov/opub/mlr/1985/03/art1full.pdf - SimilarAre You Middle Class? Maybe Not For Long by David Calderwood
Oct 27, 2009 ... Many people write of the imminent destruction of the U.S. middle class (of which I consider myself a member) but few have explained ...
Are You Middle Class? Maybe Not For Long by David Calderwood - Cached - Similar[PDF] Trade, Education, and The Shrinking Middle Class∗
File Format: PDF/Adobe Acrobat - Quick View
by E Blanchard - 2009 - Cited by 3 - Related articles
The Shrinking Middle Class∗. Emily Blanchard†. Gerald Willmann‡. October 19, 2009. Preliminary. Comments Welcome. Abstract. This paper studies how the ...
willmann.com/~gerald/multisector.pdfAmerica's "Middle Class" is Shrinking
Mar 28, 2010 ... Being referred to as "middle class" when pre-boomers were kids indicated that a family had more than the necessities of life.
ezinearticles.com/?Americas-Middle-Class-is-Shrinking&id... - Cached)...

But what the use?
 
There is no legitimate reason to extend these tax breaks. Let them die!
 
disneydude said:
Except don't let a little thing like actual facts get in your way, Taylor. The middle class is shrinking and it isn't because they are becoming richer. Care to try again?
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it sure isn't because the government refuses to loot the most productive tax payers a bit more either
 
MaggieD said:
@ DisneyDude -- Christ. Are we never going to stop blaming Bush? You don't have a grasp on reality.
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Strong the BDS is with this one Master Yoda

Seduced by the Obama side of the Force he has been Obi Wan
 
upsideguy said:
There is no legitimate reason to extend these tax breaks. Let them die!
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of course not-to a socialist or someone who constantly whines about the rich

For those who understand economics and realize the rich already pay too much it makes perfect sense. I sure hope you don't have a rich boss who decides to lay you off when the tax hikes hit--because If I employed someone like you, you'd be the first to get fired as a cut back
 
disneydude said:
I'd post a number of links you could use to educate yourself ( Search ResultsIs the Middle Class Shrinking? - TIME
Experts debate the impact of job-market upheavals on income distribution.
Is the Middle Class Shrinking? - TIME - SimilarIs the Middle Class Shrinking? - TIME
The great American middle class, the provocateurs contend, is no longer so great. It is shrinking steadily, goes the theory, and shedding its members into ...
Is the Middle Class Shrinking? - TIME - SimilarHow middle class adjusts to recession - MSN Money
Jan 26, 2010 ... New rules for a shrinking middle class. The recession may be winding up, but millions of Americans have been forced to downsize and cut back ...
articles.moneycentral.msn.com/.../new-rules-for-a-shrinking-middle-class.aspx - Cached - SimilarThe Shrinking Middle Class
Nov 18, 2009 ... Yes it is long... but it does explain the pressures faced by the shrinking Middle Class—-pressures that didn't exist back in the 1970's. ...
Page Not Found - Debate Politics Forums - Cached - Similar[PDF] The shrinking middle class: myth or reality?
File Format: PDF/Adobe Acrobat - Quick View
MONTHLY LABOR REVIEW March 1985 9 Is The Middle Class Shrinking? that are considered to have many high and low income earners wiih relatively few in the ...
www.bls.gov/opub/mlr/1985/03/art1full.pdf - SimilarAre You Middle Class? Maybe Not For Long by David Calderwood
Oct 27, 2009 ... Many people write of the imminent destruction of the U.S. middle class (of which I consider myself a member) but few have explained ...
Are You Middle Class? Maybe Not For Long by David Calderwood - Cached - Similar[PDF] Trade, Education, and The Shrinking Middle Class∗
File Format: PDF/Adobe Acrobat - Quick View
by E Blanchard - 2009 - Cited by 3 - Related articles
The Shrinking Middle Class∗. Emily Blanchard†. Gerald Willmann‡. October 19, 2009. Preliminary. Comments Welcome. Abstract. This paper studies how the ...
willmann.com/~gerald/multisector.pdfAmerica's "Middle Class" is Shrinking
Mar 28, 2010 ... Being referred to as "middle class" when pre-boomers were kids indicated that a family had more than the necessities of life.
ezinearticles.com/?Americas-Middle-Class-is-Shrinking&id... - Cached)...

But what the use?
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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.
 
Hurray the tax cuts costs hundreds of billions of dollars and never paid for themselves. Tax cuts for people who weren't even asking for it. Now hows that for libertarian ideology at work in government? Tax cuts don't help that much anyhow.. and increase debt at the same time. Tax cuts = poor stimulus.

Zindi-tbl-2-expanded.jpg
 
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
 
TurtleDude said:
How does the government serve the wealthy when the wealthy pay 40% of the income tax yet make only 22% of the income?
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im sorry and no offense to you, but i do not believe that statistic for a minute.
id bet the exemptions that are taken advantage of by those "downtrodden" few, more than cover the tax responsibility they bear on the remaining income they could not find a means to hide.

dont get me wrong, nobody should be required to pay more than their share. but to believe what is reported as their actual taxable income is naive at best.
the uber wealthy know the ins and outs of tax avoidance and how to manipulate legislation to assure there is the means available.
 
WhyteRash said:
im sorry and no offense to you, but i do not believe that statistic for a minute.
id bet the exemptions that are taken advantage of by those "downtrodden" few, more than cover the tax responsibility they bear on the remaining income they could not find a means to hide.

dont get me wrong, nobody should be required to pay more than their share. but to believe what is reported as their actual taxable income is naive at best.
the uber wealthy know the ins and outs of tax avoidance and how to manipulate legislation to assure there is the means available.
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you don't have to believe them-the proof of that tax burden has been posted here so many times only a fool would deny it

and stop talking about the uber wealthy unless the Obamatards are only going to jack up the taxes of the uber wealthy. As of a year from now, a guy making 250K a year will keep as much (or little) of the next dollar he owns as does Bill Gates. and if he dies, every dollar over a million-more than half will go to the greedy government --same as Bill Gates.
 
TurtleDude said:
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
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Oh them poor poor millionairs.. ./shakes head.

07chart.533.gif
 
MOre BS-you can scream all you want or posts graphs but tax cuts are not the same as government spending. They don't have to be paid for. Your graph assumes that government spending is necessary at those levels--its not

that is the reason why your argument always fails.
 
Gabriel said:
Oh them poor poor millionairs.. ./shakes head.
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yeah why not just take all their assets to slake the envy and hate of people like you

its time for the rich to wreak retribution on the parasites. Perhaps someone rich employs you. I'd fire you if you worked for me.

why employ someone who is jealous of his master?
 
TurtleDude said:
yeah why not just take all their assets to slake the envy and hate of people like you

its time for the rich to wreak retribution on the parasites. Perhaps someone rich employs you. I'd fire you if you worked for me.

why employ someone who is jealous of his master?
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9-27-06tax-f1.jpg
 
Gabriel said:
9-27-06tax-f1.jpg
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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.
 
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