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Thread: More Democrats break with Obama on tax cuts

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    How much is always up for debate. But so far we're only talkng about a return to where it was, and the economy did quite well where it was. I don't object to across the board return, but just on those above 250,000 would be just as fine with me.
    The last part of your response is where I differ. If we need an increase in spending to pay for this social agenda then the pain needs to be felt by all. I do not think we should have an us versus them mentality.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    How much is always up for debate. But so far we're only talkng about a return to where it was, and the economy did quite well where it was. I don't object to across the board return, but just on those above 250,000 would be just as fine with me.
    Oh, and you think that it will stop there? You think that Obama hasn't raised our taxes yet? Don't kid yourself. Also, this begs the question of what kind of incompetent, idiotic administration raises taxes on ANYONE in the depths of a horrible recession? I'll tell ya, one that hates the American system as it exists now, and want's to "Transform" America into something else.


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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by washunut View Post
    The last part of your response is where I differ. If we need an increase in spending to pay for this social agenda then the pain needs to be felt by all. I do not think we should have an us versus them mentality.
    Well, as I also call for a cut in spending, I don't see it quite that way. But, cut or not, it is more about which is more likely to spend. Sadly, the wealthy don't use tax savings to spend. The middle class does more often. If I were goign to make an argument to let anyone be exempt, it would be those more likely to spend, as that is what is really needed for the ecopnomy.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    Oh, and you think that it will stop there? You think that Obama hasn't raised our taxes yet? Don't kid yourself. Also, this begs the question of what kind of incompetent, idiotic administration raises taxes on ANYONE in the depths of a horrible recession? I'll tell ya, one that hates the American system as it exists now, and want's to "Transform" America into something else.


    j-mac
    J, look up slippery slope fallacy.

    If it doesn't stop there, that would be a new proposal deserving a new discussion. Mindless fear mongering won't sway any thinking person to your position. Debate the issue before us and not those from make believe land.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    J, look up slippery slope fallacy.

    If it doesn't stop there, that would be a new proposal deserving a new discussion. Mindless fear mongering won't sway any thinking person to your position. Debate the issue before us and not those from make believe land.
    Hell, we aren't totally done yet weeding through the destruction leveled by the health care debacle. I am sure there is much more to come with that steaming pile. But, as always the liberal response is that we can't do anything about pending disaster until that disaster happens, I don't buy into that attitude.


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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Well, as I also call for a cut in spending, I don't see it quite that way. But, cut or not, it is more about which is more likely to spend. Sadly, the wealthy don't use tax savings to spend. The middle class does more often. If I were goign to make an argument to let anyone be exempt, it would be those more likely to spend, as that is what is really needed for the ecopnomy.
    Tax policy is not usually written to take care of short term problems, but more structural ones. But if that is what we are doing here, then let's make the rates adjust annually based on where we are in the economic cycle.

    I am afraid the real arguement (perhaps not from you but the politicians) is more a class warfare arguement than anything to do with the economy.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by washunut View Post
    Tax policy is not usually written to take care of short term problems, but more structural ones. But if that is what we are doing here, then let's make the rates adjust annually based on where we are in the economic cycle.

    I am afraid the real arguement (perhaps not from you but the politicians) is more a class warfare arguement than anything to do with the economy.
    Well, I don't really see it that way. Sure, both sides spin it to suit them, and one spin is that we're going to stick it to the rich. Another is that it is class warfare. The fact is we need more revenue just as much as we need to reduce spending. So, while politiicans will make whatever hay they can with these things, I prefer to ask if it is a valid effort toa address our fiscal concerns. And i'm more than willing to take one step while calling for a second step.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    J, look up slippery slope fallacy.

    If it doesn't stop there, that would be a new proposal deserving a new discussion. Mindless fear mongering won't sway any thinking person to your position. Debate the issue before us and not those from make believe land.
    Make all the false claims you want, believe what ever Obama lies you want, and call stating the facts fear mongering all you want.

    In other words it's still a semi-Free Country under Obama so as you are, being WRONG is permitted.

    Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in 2011. In fact, some are already calling 2011 the year of the tax increase. A whole host of tax cuts that Congress established between 2001 and 2003 are set to expire in January unless Congress chooses to renew them. But with Democrats firmly in control of both houses that appears to be extremely unlikely.

    These tax increases are going to affect every single American (at least those who actually pay taxes).

    But this will be just the first wave of tax increases. Another huge slate of tax increases passed in the health care reform law is scheduled to go into effect by 2019. So Americans that are already infuriated by our tax system are only going to become more frustrated in the years ahead. The reality is that the U.S. government will soon be digging much deeper into our wallets.

    Read it and weep, this is the reality we face. Thank Marxist Obama.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    Hell, we aren't totally done yet weeding through the destruction leveled by the health care debacle. I am sure there is much more to come with that steaming pile. But, as always the liberal response is that we can't do anything about pending disaster until that disaster happens, I don't buy into that attitude.


    j-mac
    Even if you're right, it's nothing more than speculation. And frankly, a rather skewed speculation based on a specific bias. What we have is what is before us. Slippery slope arguments are fallacies for a reason, and should be treated as such.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Well, I don't really see it that way. Sure, both sides spin it to suit them, and one spin is that we're going to stick it to the rich. Another is that it is class warfare. The fact is we need more revenue just as much as we need to reduce spending. So, while politiicans will make whatever hay they can with these things, I prefer to ask if it is a valid effort toa address our fiscal concerns. And i'm more than willing to take one step while calling for a second step.
    I would agree with you if getting a handle on our deficit was the main reason for this tax increase. As you know there is a deficit commission set up by the president due to release their findings in december. The expectation is that they will recommend both spending cuts and tax increases.

    Thus this current debate about the top 2% etc. is just politics hoping to find an issue to run on for the next two weeks.

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