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Thread: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by donc View Post
    How about a rate that had an average growth of 4.0 percent per year for the eight years of his Presidency; That seen The economy grow for 116 consecutive months, the most in history. Created more than 22.5 million jobs.The cherry on top of this pie was,it was the first federal budget surplus since 1969.


    This was accomplished in spite of republicans in congress saying that the tax increase would only make matters worse.Kinda sounds like the same song, different verse doesn’t it?

    Yes, I believe that a tax rate of 39.6% that we had during the 1990'swould do the job.
    Correct me if I'm wrong, but that tax rate was higher for EVERYONE in the 1990's, not jus the rich? Are you suggesting the tax rate on the rich was the ONLY reason...if we're buying your premise that taxes alone were the only reason...for the prosperity? If not, why are you seemingly supporting only one portion of it being raised and not the other.

    Furthermore, correlation doesn't mean causation. Its ridiculous to ignore every other factor of the 90's that potentially played into the economic status of it and attempt to dishonestly melt it down to a single factor and act like that alone is a telling and absolute fact due to the 90's economy.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Zyphlin View Post
    Correct me if I'm wrong, but that tax rate was higher for EVERYONE in the 1990's, not jus the rich? Are you suggesting the tax rate on the rich was the ONLY reason...if we're buying your premise that taxes alone were the only reason...for the prosperity? If not, why are you seemingly supporting only one portion of it being raised and not the other.

    Furthermore, correlation doesn't mean causation. Its ridiculous to ignore every other factor of the 90's that potentially played into the economic status of it and attempt to dishonestly melt it down to a single factor and act like that alone is a telling and absolute fact due to the 90's economy.

    I just love watching people who are envious screaming for the government to take other peoples' money based on some myth that doing so is going to make the deficit go away. If libs were that interested in getting rid of the deficit why don't you hear them demanding that all the extra constitutional handouts that congress wastes so much money on get pared down?> Why don't they push for tax hikes on the groups that don't pay near enough (and that sure isn't the top 2% who pay about HALF the Federal Income taxes and all of the death taxes)



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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Councilman View Post
    What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.
    I think that you'll find that the number of jobs created by the people in that category are fewer than the ones created by people who are not. The biggest reason taht I think so is that there are so many more small businesses who don't fall into that category than ones who do.
    Quote Originally Posted by Councilman View Post
    We don't need more taxes we need less spending.
    We need smarter taxes and smarter spending imho.
    Last edited by Simon W. Moon; 12-03-10 at 09:35 AM. Reason: too much editing
    I may be wrong.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Cole View Post
    Curious headline. There is no tax cut. No tax cut is being proposed. The issue is whether or not taxes are going to be increased, which seems to be a message that is escaping even the copy editors.....
    The tax cut is to be extended.
    I may be wrong.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Simon W. Moon View Post
    The tax cut is to be extended.
    Am familiar with the situation. Tax rates are either going to remain where they are....or else they will be increased.

    Nobody's tax rate is going to be cut in this picture....


    .


    “Build a man a fire, and he'll be warm for a day. Set a man on fire, and he'll be warm for the rest of his life.”

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Cole View Post
    Am familiar with the situation. Tax rates are either going to remain where they are....or else they will be increased.

    Nobody's tax rate is going to be cut in this picture....


    .

    true, dems want to call it a tax cut yet they never called clinton's nonsense a tax hike. THe fact is, the Bush tax rates have lasted longer than the Clinton Tax Hikes. increasing taxes is a tax hike pure and simple.



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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Cole View Post
    Am familiar with the situation. Tax rates are either going to remain where they are....or else they will be increased.
    Nobody's tax rate is going to be cut in this picture....
    Research the original legislation. It's a tax cut legislation. The tax cuts were temporary. They need to be renewed.
    Quote Originally Posted by TurtleDude View Post
    increasing taxes is a tax hike pure and simple.
    The taxes would increase because the tax cuts would expire.

    Politicians rarely cleave to Rush Limbaugh's 'rectification of names.'
    RUSH Limbaugh:
    "If we don't use the correct words, we live public lies. If we live public lies, the political system is a sham. When the political system is a sham, civil order and refinement deteriorate. When civil order and refinement deteriorate, injustice multiplies. As injustice multiplies, eventually the electorate is paralyzed by public lawlessness. So the Sage takes for granted that he use the appropriate words, and follow through on his promises with the appropriate deeds. The Sage must simply never speak lies"
    Or, as Confucius says, "Words mean things."



    For what it's worth, if the tax cuts are not extended, the resulting increase in taxes would be the result of legislation passed during GWB's term which set the date on which the tax cuts would expire.
    Last edited by Simon W. Moon; 12-03-10 at 10:57 AM.
    I may be wrong.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Simon W. Moon View Post
    Research the original legislation. It's a tax cut legislation. The tax cuts were temporary. They need to be renewed.
    The taxes would increase because the tax cuts would expire.

    Politicians rarely cleave to Rush Limbaugh's 'rectification of names.'
    RUSH Limbaugh:
    "If we don't use the correct words, we live public lies. If we live public lies, the political system is a sham. When the political system is a sham, civil order and refinement deteriorate. When civil order and refinement deteriorate, injustice multiplies. As injustice multiplies, eventually the electorate is paralyzed by public lawlessness. So the Sage takes for granted that he use the appropriate words, and follow through on his promises with the appropriate deeds. The Sage must simply never speak lies"
    Or, as Confucius says, "Words mean things."



    For what it's worth, if the tax cuts are not extended, the resulting increase in taxes would be the result of legislation passed during GWB's term which set the date on which the tax cuts would expire.
    There are other tax hikes that would kick in-the top rate would be 41% rather than the 39.6%



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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Deuce View Post
    This bill is entirely symbolic because the GOP will block it in the Senate.

    We'll end up extending the upper class tax cuts and adding billions more to the deficit.
    LOL, adding billions to the debt? You actually buy the rhetoric that additional tax revenue will be used to pay down the deficit and debt? Why do you continue to buy the lies of this Administration?

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Deuce View Post
    This bill is entirely symbolic because the GOP will block it in the Senate.

    We'll end up extending the upper class tax cuts and adding billions more to the deficit.
    If I'm a thousand in debt and you refuse to give me money, did you add to my debt?
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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