Page 1 of 16 12311 ... LastLast
Results 1 to 10 of 160

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

  1. #1
    User
    Join Date
    Feb 2010
    Last Seen
    06-04-14 @ 02:15 PM
    Lean
    Very Conservative
    Posts
    123

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

    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.

  2. #2
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

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

    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?
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  3. #3
    Sage
    Taylor's Avatar
    Join Date
    Aug 2009
    Location
    US
    Last Seen
    Yesterday @ 05:08 PM
    Lean
    Undisclosed
    Posts
    6,157

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

    Quote Originally Posted by Ikari View Post
    Do we even care about those bastards anymore?
    I don't understand all the crying. Are you not getting your $7 a week as part of the Obama "tax cuts for all?" That's McDonald's for "free" once a week! Who needs a job when you can make those rich bastards and small businesses pay for McDonald's?
    Last edited by Taylor; 07-22-10 at 01:20 PM.

  4. #4
    Student The Dane's Avatar
    Join Date
    Jul 2010
    Last Seen
    08-01-10 @ 07:44 PM
    Gender
    Lean
    Centrist
    Posts
    253

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

    The Economists' statement opposing the Bush tax cuts was a statement signed by roughly 450 economists, including ten of the twenty four American Nobel Prize Laureates alive at the time, in February 2003 who urged the U.S. President George W. Bush not to enact the 2003 tax cuts; seeking and sought to gather public support for the position. The statement was printed as a full-page ad in The New York Times and released to the public through the Economic Policy Institute. According to the statement, the 450 plus economists who signed the statement believe that the 2003 Bush tax cuts will increase inequality and the budget deficit, decreasing the ability of the U.S. government to fund essential services, while failing to produce economic growth
    http://www.epi.org/page/-/old/stmt/2...ent_signed.pdf
    Ever have to dance with the devil in the pale moonlight?
    Scales in the grass but the scales don't move right?

  5. #5
    Global Moderator
    Rage More!
    Your Star's Avatar
    Join Date
    May 2010
    Location
    Georgia
    Last Seen
    @
    Gender
    Lean
    Very Liberal
    Posts
    26,356

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

    Ugh, please don't do this.

  6. #6
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

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

    Raising taxes during a recession is stupid.


    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #7
    User
    Join Date
    Feb 2010
    Last Seen
    06-04-14 @ 02:15 PM
    Lean
    Very Conservative
    Posts
    123

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

    I think it's just a head fake. Some of them want a CYA in the upcoming election.

  8. #8
    Sage
    Dav's Avatar
    Join Date
    Mar 2009
    Location
    Virginia
    Last Seen
    04-16-16 @ 02:36 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,539

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

    Quote Originally Posted by Ikari View Post
    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?
    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.

  9. #9
    Student The Dane's Avatar
    Join Date
    Jul 2010
    Last Seen
    08-01-10 @ 07:44 PM
    Gender
    Lean
    Centrist
    Posts
    253

    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.


    Canceling unemployment extensions in a recession is stupid. Especially on the horizon of a double dip.
    Ever have to dance with the devil in the pale moonlight?
    Scales in the grass but the scales don't move right?

  10. #10
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    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.
    I don't know, they already took a bunch of my money and gave it to the rich ass banks and lenders who caused this mess in the first place. Seems to me that they're doing a fine job at it. And a quarter of a million dollars a year makes you wealthy. You may not be stupid filthy rich like the true aristocracy, but you're damned well off.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

Page 1 of 16 12311 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •