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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 zimmer View Post
    This is the Iraq War vote all over again. Political expediency.

    They've backed the Obama-Pelosi-Reid Weapons of Economic Destruction, and now think the people are stupid enough to buy this?

    And what destruction with they vote for when elected? No, no, no...

    You can't fool all the people all of the time, though they try.

    .
    Should be under the title: Obama goes fishing.
    I dont have any problem with wealthy people getting a tax cut. I mean, for real, he said. I mean, these are good guys.
    Biden: Let’s Make a Deal - Washington Wire - WSJ
    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    What gives anyone else the right to tell you how to spend your money as long as you do it legally? That seems to be one of the biggest problems today as more and more believe the govt. rhetoric about people not spending their own money the way the govt. wants them to. It is the people's money first and regardless of how they spend it that creates jobs and benefits the economy.

    I don't think there is a truer statement than this above. Obama gets out there today and preaches that the people just need to trust that his plan will bring back prosperity to the American people, touting bogus tax cuts, jobs created that in the entire picture are a net loss per month, demonizing corporations that millions of people like you and I work for everyday. Some in here have laid out in other places that they have no problem with taxing those making over $250K upwards of 60% or higher, and are impervious to the fact that there will be no jobs when these people either pull their money out of this country all together, or corporations leave for less restrictive environments. Then what in these dreamers eyes?

    Upwards of half the American public today pays NO taxes at all net, and drains the government coffers of the money needed to actually provide essential services that we all agree are needed. Since when does person A have a right to what person B earns?


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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    I don't think there is a truer statement than this above. Obama gets out there today and preaches that the people just need to trust that his plan will bring back prosperity to the American people, touting bogus tax cuts, jobs created that in the entire picture are a net loss per month, demonizing corporations that millions of people like you and I work for everyday. Some in here have laid out in other places that they have no problem with taxing those making over $250K upwards of 60% or higher, and are impervious to the fact that there will be no jobs when these people either pull their money out of this country all together, or corporations leave for less restrictive environments. Then what in these dreamers eyes?

    Upwards of half the American public today pays NO taxes at all net, and drains the government coffers of the money needed to actually provide essential services that we all agree are needed. Since when does person A have a right to what person B earns?


    j-mac
    J, you're spreading false information. I linked the truth earlier. The 47% number is not accurate in the way you are presenting it. Swallowing **** just gives you a bad taste in your mouth. Won't help you with a debate.

    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, you're spreading false information. I linked the truth earlier. The 47% number is not accurate in the way you are presenting it. Swallowing **** just gives you a bad taste in your mouth. Won't help you with a debate.
    those aren't my numbers, they are the CBO I believe. And Let's focus on the question I asked at the end if we could? I'll retype it.

    Since when does person A have a right to what person B earns?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    J, you're spreading false information. I linked the truth earlier. The 47% number is not accurate in the way you are presenting it. Swallowing **** just gives you a bad taste in your mouth. Won't help you with a debate.
    The 47% is indeed accurate with regard to Federal Income taxes and comes right from the IRS. The 95% number is totally inaccurate and just another Obama lie. Stop carrying water for this empty suit. Neither 95% of the American people or 95% of the working pass pay Federal Income taxes got a tax cut. You cannot cut Federal Income Taxes for people who don't pay any Federal Income Taxes

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    those aren't my numbers, they are the CBO I believe. And Let's focus on the question I asked at the end if we could? I'll retype it.

    Since when does person A have a right to what person B earns?

    j-mac
    No, it's a misrepresentation of CBO numbers. I addressed that earlier. The pay taxes. Other taxes.

    And we've always have a progressive tax in this country, so the answer would be always.

    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

    A repeat just for you j:

    . . . 47 percent has become shorthand for the notion that the wealthy face a much higher tax burden than they once did while growing numbers of Americans are effectively on the dole.

    Neither one of those ideas is true. They rely on a cleverly selective reading of the facts. So does the 47 percent number.

    (snip)

    The 47 percent number is not wrong. The stimulus programs of the last two years — the first one signed by President George W. Bush, the second and larger one by President Obama — have increased the number of households that receive enough of a tax credit to wipe out their federal income tax liability.

    But the modifiers here — federal and income — are important. Income taxes aren’t the only kind of federal taxes that people pay. There are also payroll taxes and investment taxes, among others. And, of course, people pay state and local taxes, too.

    Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47.

    http://www.nytimes.com/2010/04/14/bu...leonhardt.html

    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
    No, it's a misrepresentation of CBO numbers. I addressed that earlier. The pay taxes. Other taxes.

    And we've always have a progressive tax in this country, so the answer would be always.
    The issue is Federal Income taxes not use taxes. FICA is a use tax that goes back to the taxpayer. Are you proposing that lower income workers shouldn't be paying into the SS and Medicare Account?

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    A repeat just for you j:

    . . . 47 percent has become shorthand for the notion that the wealthy face a much higher tax burden than they once did while growing numbers of Americans are effectively on the dole.

    Neither one of those ideas is true. They rely on a cleverly selective reading of the facts. So does the 47 percent number.

    (snip)

    The 47 percent number is not wrong. The stimulus programs of the last two years — the first one signed by President George W. Bush, the second and larger one by President Obama — have increased the number of households that receive enough of a tax credit to wipe out their federal income tax liability.

    But the modifiers here — federal and income — are important. Income taxes aren’t the only kind of federal taxes that people pay. There are also payroll taxes and investment taxes, among others. And, of course, people pay state and local taxes, too.

    Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47.

    http://www.nytimes.com/2010/04/14/bu...leonhardt.html
    But the modifiers here — federal and income — are important. Income taxes aren’t the only kind of federal taxes that people pay. There are also payroll taxes and investment taxes, among others. And, of course, people pay state and local taxes, too.
    What investment taxes do the poor pay? In addition did Obama cut State taxes?

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Conservative View Post
    The issue is Federal Income taxes not use taxes. FICA is a use tax that goes back to the taxpayer. Are you proposing that lower income workers shouldn't be paying into the SS and Medicare Account?
    The claim is they pay no taxes. That's false. Keep up.

    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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