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Thread: John Boehner speaks of tax compromise

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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by TurtleDude View Post
    you assume that things are static and if you cut taxes on productive people that means less tax revenue. Using your logic you must support a 100% tax on all income over a certain level because using your view that would raise more and more revenues.
    I think we both know full well that our tax system isn't that simple. But generally speaking, if you take in more taxes than you spend and assuming you have little to no debt, you do increase revenue. But therein lay the problem our country currently finds itself in.

    I don't know how many more obama has hired compared to Bush-do you -at one time it was alot but that was the census poll takers
    Not exactly, but here's some information you may find interesting...

    Big Government under G.W. Bush Administration

    When President George W. Bush entered the White House in January 2001, the federal government had total revenues of slightly more than $2.03 trillion and expenditures of $1.79 trillion, leaving a budget surplus of slightly less than $240 billion.

    The following graph traces the growth in federal government tax receipts and expenditures and resulting surpluses or deficits over the last eight years.


    Source: The 2008 Statistical Abstract, U.S. Census Bureau

    Since 2000, government spending has increased by more than 55 percent. Even when adjusted for inflation in constant (2000) dollars, federal expenditures have risen by just short of 29 percent. During this same period, real Gross Domestic Product (GDP) has only increased by 17.3 percent. Thus, over the last eight years real government spending has gone up nearly twice as fast as the actual U.S. economy.

    When the Clinton Administration left the White House, federal spending was 18.4 percent of GDP. In 2008, at the close of the Bush Administration, federal expenditure is 20.5 percent of GDP, for an 11.4 percent increase over the last eight years.

    Washington has run deficits almost every year during the Bush Administration. Total federal debt has doubled and has risen from 58 percent to 66 percent of GDP, for a 14 percent increase in U.S. taxpayers’ debt burden in terms of GDP.
    For details, go here: Big Government Under the Bush Administration

    Granted, we all know President Obama has greatly increased the deficit, but most economist would agree that given the country's economic problems, much of the spending was absolutely necessary. I believe that given more time particularly if this next round of "stimulus" spending passes Congress, the economy should start turning around.

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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by hazlnut View Post
    The first personal income tax was imposed during the civil war... 3% for all incomes over $800.

    So much for a top school with honors and a JD...
    yeah 3%-that's lower than what we have now

    the questioner should have said did any president LOWER taxes During a war but what he said was did any president have lower taxes which could easily mean compared to say Bush



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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by Objective Voice View Post
    I think we both know full well that our tax system isn't that simple. But generally speaking, if you take in more taxes than you spend and assuming you have little to no debt, you do increase revenue. But therein lay the problem our country currently finds itself in.



    Not exactly, but here's some information you may find interesting...

    Big Government under G.W. Bush Administration



    For details, go here: Big Government Under the Bush Administration

    Granted, we all know President Obama has greatly increased the deficit, but most economist would agree that given the country's economic problems, much of the spending was absolutely necessary. I believe that given more time particularly if this next round of "stimulus" spending passes Congress, the economy should start turning around.
    I know you probably haven't read all my posts and you certainly do not know what I say in other forums but I have damned W for years for not cutting spending.

    you aren't going to hear me praise Bush on that grounds but I find it interesting that so many people who complain about Bush's spending somehow seem so happy with Obama's far more reckless spending



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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by TurtleDude View Post
    yeah 3%-that's lower than what we have now

    the questioner should have said did any president LOWER taxes During a war but what he said was did any president have lower taxes which could easily mean compared to say Bush
    So, you're saying that you knew exactly what he meant, but you were trying to make a point about his phrasing of the question...??

    Sure. We believe that.

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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by Chappy View Post
    During the Face the Nation interview, Rep. Boehner did not dispute that less than 3% of all small business owners would be subject to tax increases if the Bush tax cuts for incomes exceeding $250K were allowed to expire.
    I would question that figure and like to see proof. I am still waiting for proof that tax increases will create jobs
    Last edited by ptif219; 09-12-10 at 09:20 PM.

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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by ptif219 View Post
    I would question that figure and like to see proof. I am still waiting for proof that tax increases will create jobs
    You again!

    The guy who want proof the WH is in DC.

    Let me bring you up to speed on Bush Tax Cuts

    Five Myths about the Bush Tax Cut

    The article addresses the five myth about the Bush Tax Cuts and the proposed extension of the cuts...

    1. Extending the tax cuts would be a good way to stimulate the economy.

    Not really.


    2. Allowing the high-income tax cuts to expire would hurt small businesses.

    FALSE


    3. Making the tax cuts permanent will lead to long-term growth.

    FALSE, so far

    4. The Bush tax cuts are the main cause of the budget deficit.

    Misleading, there are many causes.

    5. Continuing the tax cuts won't doom the long-term fiscal picture; entitlements are the real problem.

    Entitlements are but one spending issue.

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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by hazlnut View Post
    So, you're saying that you knew exactly what he meant, but you were trying to make a point about his phrasing of the question...??

    Sure. We believe that.
    I wouldn't want to speculate what you believe but the fact is I saw his question as suggesting Bush had the lowest tax rates of any wartime president.

    so stick that in your pipe and smoke it



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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by hazlnut View Post
    You again!

    The guy who want proof the WH is in DC.

    Let me bring you up to speed on Bush Tax Cuts

    Five Myths about the Bush Tax Cut

    The article addresses the five myth about the Bush Tax Cuts and the proposed extension of the cuts...

    1. Extending the tax cuts would be a good way to stimulate the economy.

    Not really.


    2. Allowing the high-income tax cuts to expire would hurt small businesses.

    FALSE


    3. Making the tax cuts permanent will lead to long-term growth.

    FALSE, so far

    4. The Bush tax cuts are the main cause of the budget deficit.

    Misleading, there are many causes.

    5. Continuing the tax cuts won't doom the long-term fiscal picture; entitlements are the real problem.

    Entitlements are but one spending issue.
    so why don't you-a big lover of sticking it to the rich tell us five benefits that will come from say allowing everyone but the top 2% or so to retain the Bush tax cuts



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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by ptif219 View Post
    I would question that figure and like to see proof. I am still waiting for proof that tax increases will create jobs
    they won't-the only jobs they will save will be of the dem politicians who pander to people like Hazlnut who think that the rich have an unlimited duty to pay for all the government he constantly craves



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    Re: John Boehner speaks of tax compromise

    Quote Originally Posted by hazlnut View Post
    You again!

    The guy who want proof the WH is in DC.

    Let me bring you up to speed on Bush Tax Cuts

    Five Myths about the Bush Tax Cut

    The article addresses the five myth about the Bush Tax Cuts and the proposed extension of the cuts...

    1. Extending the tax cuts would be a good way to stimulate the economy.

    Not really.


    2. Allowing the high-income tax cuts to expire would hurt small businesses.

    FALSE


    3. Making the tax cuts permanent will lead to long-term growth.

    FALSE, so far

    4. The Bush tax cuts are the main cause of the budget deficit.

    Misleading, there are many causes.

    5. Continuing the tax cuts won't doom the long-term fiscal picture; entitlements are the real problem.

    Entitlements are but one spending issue.
    So you have nothing on how increasing taxes will create jobs. Here is a hint, If companies pay more taxes there is less for expansion and hiring new employees. Many will not hire because of the fear of the cost of the new Obama care bill

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