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Thread: Key Tax Breaks at Risk as Panel Looks at Cuts

  1. #11
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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Whovian View Post
    the one about taxes? He already has.
    lol....cigarette tax?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Goobieman View Post
    I guess this means we can expect The Obama to veto these tax hikes.
    what tax hikes?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by liblady View Post
    what tax hikes?
    Did you see the OP?

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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Goobieman View Post
    Did you see the OP?
    did you? this panel makes recommendations, period. and they might never even reach a consensus. much ado about nothing, at this point.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by liblady View Post
    lol....cigarette tax?
    http://republicans.waysandmeans.hous...Increases1.pdf

    of course, regardless of the fact that these ARE taxes, and WERE signed into law under Obama, and the specific legislation is indicated, I fully expect you to attempt to spin or deflect, possibly because the source of the information is the 'GOP' portion of the Ways & Means committee..

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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Whovian View Post
    http://republicans.waysandmeans.hous...Increases1.pdf

    of course, regardless of the fact that these ARE taxes, and WERE signed into law under Obama, and the specific legislation is indicated, I fully expect you to attempt to spin or deflect, possibly because the source of the information is the 'GOP' portion of the Ways & Means committee..
    i have no need to spin. just look at what you posted.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Whovian
    http://republicans.waysandmeans.hous...Increases1.pdf

    of course, regardless of the fact that these ARE taxes, and WERE signed into law under Obama, and the specific legislation is indicated, I fully expect you to attempt to spin or deflect, possibly because the source of the information is the 'GOP' portion of the Ways & Means committee..
    Quote Originally Posted by liblady View Post
    i have no need to spin. just look at what you posted.
    Maybe 'you' should look at the link.

    The items listed ARE new taxes... they ARE law, and the WERE put in place under President Obama. The list even indicates which ones affect people making less than the limit Obama set in his promises.

    Democrats Have Increased Taxes by $670 Billion and Counting…

    List Includes 14 Tax Hikes Totaling Over $316 Billion on Middle Class Families
    April 14, 2010

    Since January of 2009, President Obama and Congressional Democrats have enacted into law gross tax increases totaling more than $670 billion, or more than $2,100 for every man, woman and child in the United States. The list of tax increases includes at least 14 violations of the President’s pledge not to raise taxes on Americans earning less than $200,000 for singles and $250,000
    for married couples.


    LEGISLATION TAX INCREASES ENACTED
     New tax on individuals who do not purchase government‐approved
    health insurance *
     New tax on employers who fail to fully comply with government health
    insurance mandates*
     New 40% excise tax on certain high‐cost health plans *
     New ban on the purchase of over‐the‐counter drugs using funds from
    FSAs, HSAs and HRAs*
     Increase the Medicare tax on wages and self‐employment income by
    0.9% and impose a new 3.8% surtax on certain investment income (for
    individuals over $200,000 and couples over $250,000)
     Increase, from 7.5% to 10% of income, the threshold after which
    individuals can deduct out of pocket medical expenses*
     Impose a new $2,500 annual cap on FSA contributions *
     New annual tax on health insurance *
     New annual tax on brand name pharmaceuticals *
     New 2.3% excise tax on certain medical devices *
     New 10% tax on indoor UV tanning services *
     New tax on insured and self‐insured health plans *
     Double the penalty for non‐qualified HSA distributions *
     Eliminate the deduction for expenses allocable to Medicare Part D
    subsidy
     Limit the deduction for compensation to officers, employees and
    directors of certain health insurance providers
     Require information reporting on payments to corporations
     Impose additional requirements for section 501(c)(3) hospitals
     Make “black liquor” ineligible for cellulosic biofuel producer credit
     Codify economic substance doctrine and impose penalties for
    underpayments
     Other revenue effects
     Tobacco tax increase and expanded enforcement authority* $65.515
    “Stimulus”
    Public Law 111‐5
     Repeal guidance allowing certain taxpayers to claim losses of an
    acquired corporation
    .Federal Unemployment surtaxes extended through June 2011 *
     Delay of rules to reduce the double taxation of worldwide American
    employers until 2018 (worldwide interest allocation)
     Delay of rules to reduce the double taxation of worldwide American
    employers until 2021 (worldwide interest allocation)


    TOTAL = $670.341 BILLION AND COUNTING…

    *VIOLATES PRESIDENT’S PLEDGE TO NOT INCREASE TAXES ON MIDDLE CLASS

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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by liblady View Post
    did you? this panel makes recommendations, period. and they might never even reach a consensus. much ado about nothing, at this point.
    Yes... and, obviously, when we're talling about a veto, we're talking about something that's gone past that panel.
    Do you expect The Obama to veto those hikes?

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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Whovian View Post
    Maybe 'you' should look at the link.

    The items listed ARE new taxes... they ARE law, and the WERE put in place under President Obama. The list even indicates which ones affect people making less than the limit Obama set in his promises.
    the uninsured "tax" is a FINE, but assessed on your taxes. the failure to comply is a FINE. it is not a tax. and yes, i have to say, a tanning beds tax is a raise in taxes. lol...don't tan. that's an optional tax, so mine sure hasn't been raised.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  10. #20
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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    At stake, in addition to the mortgage-interest deductions, are child tax credits and the ability of employees to pay their portion of their health-insurance tab with pretax dollars.
    Any Senator or Representative who voted for such a measure would be out of Congress at the next election. If Obama failed to veto such a monumental middle class tax hike, even Sara Palin would be able to beat him in 2012, if his party even nominated him that is.

    No, fugitaboutit, ain't gonna happen!
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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