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Thread: More Democrats break with Obama on tax cuts

  1. #1071
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by ender1 View Post
    Explain corn subsidies.
    Corporate welfare?

  2. #1072
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    Re: More Democrats break with Obama on tax cuts

    Weren't tax cuts part of the stimulus package?





    Purrrrrrs
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



  3. #1073
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by ender1 View Post
    They are evil and the lawyers are helping to destroy small farmers. What about THOSE businesses?

    If "farmer A" plants a monsanto crop next to "Farmer B" and it cross polinates the crop in "farmer B"s field, they can be sue "Farmer B" for having monsanto product in thier fields. Often times "Farmer B" will loose his farm. Many, many farmers have lost their farms from this.

    Dont even get me started on Fish/Corn hybrids
    How does that work? And what the hell crooked kind of judge would oversee something like that?

    Also, I didn't know you could cross corn with fish. That conjures up all kinds of weird images...

  4. #1074
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by independent_thinker2002 View Post
    Weren't tax cuts part of the stimulus package?

    Purrrrrrs
    Are these what liberals call tax cuts and what you thought Obama meant when he said he was cutting taxes for "95% of the American people?"

    Obama tax cuts

    Tax cuts

    Total: $288 billion

    Tax cuts for individuals

    Total: $237 billion
    • $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[29]
    • $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[29]
    • $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
    • $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
    • $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[41]
    • $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
    • $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
    • $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
    • $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

    Is there any wonder that the tax cuts didn't stimulate the economy, too targeted and limited. Many were income transfers from taxpayers to non taxpayers.

  5. #1075
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    Re: More Democrats break with Obama on tax cuts

    BREAKING NEWS ALERTS! BREAKING NEWS ALERT! BREAKING NEWS ALERT!

    OBAMA BREAKING WITH OBAMA ON BUSH TAX CUTS

    ROTFLOL... (108 pages of defense... Libs pissed off yet? ROTFLOL)

    http://content.usatoday.com/communit...ush-tax-cuts/1

    http://blogs.abcnews.com/thenote/201...-tax-cuts.html

    .
    Last edited by zimmer; 11-11-10 at 01:46 PM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  6. #1076
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by zimmer View Post
    BREAKING NEWS ALERTS! BREAKING NEWS ALERT! BREAKING NEWS ALERT!

    OBAMA BREAKING WITH OBAMA ON BUSH TAX CUTS

    ROTFLOL... (108 pages of defense... Libs pissed off yet? ROTFLOL)

    Obama may consider extension of all Bush tax cuts - The Oval: Tracking the Obama presidency

    David Axelrod Signals White House is Prepared to Sign Across-the-Board Extension of Bush Tax Cuts - The Note

    .
    That's a great headline...

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