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Thread: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

  1. #141
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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by Conservative View Post
    That spending directly into the economy is offset by the tax revenue it costs to fund those unemployment payments, the higher deficit and debt created. People keeping more of their own money do the same thing and have zero impact on the deficits and debt.

    I believe you actually know that and simply are doing your best to create discussion and more posts. You are too smart to believe that people keeping more of their own money is an expense to the govt.
    The answer to budget shortfalls is not increasing the amount they are short by. That also increases the national debt and is less stimulative to the economy. Letting Hershey's keep more money does not automatically mean that people will buy more candy bars.
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by apdst View Post
    So, in an ttempt to defend the Leftist agenda, you resort to the totally rediculous? Why is it so hard for Libbos to address the actual facts, vice resorting to the, "do you still beat your wife", angle?
    I'm sorry, did you post any undisputed facts?
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by apdst View Post
    Which tax breaks would those be? I have a small business and don't recall any tax breaks.
    of course you don't.

    President Obama Signs Small Business Jobs Act - Learn What's In It | The White House

    Eight New Small Business Tax Cuts – Effective Today, Providing Immediate Incentives to Invest: The President had already signed into law eight small business tax cuts, and on Monday, he is signing into law another eight new tax cuts that go into effect immediately.
    Zero Taxes on Capital Gains from Key Small Business Investments:Under the Recovery Act, 75 percent of capital gains on key small business investments this year were excluded from taxes. The Small Business Jobs Act temporarily puts in place for the rest of 2010 a provision called for by the President – elimination of all capital gains taxes on these investments if held for five years. Over one million small businesses are eligible to receive investments this year that, if held for five years or longer, could be completely excluded from any capital gains taxation.
    Extension and Expansion of Small Businesses’ Ability to Immediately Expense Capital Investments: The bill increases for 2010 and 2011 the amount of investments that businesses would be eligible toimmediately write off to $500,000, while raising the level of investments at which the write-off phases out to $2 million. Prior to the passage of the bill, the expensing limit would have been $250,000 this year, and only $25,000 next year. This provision means that 4.5 million small businesses and individuals will be able to make new business investments today and know that they will earn a larger break on their taxes for this year.
    Extension of 50% Bonus Depreciation:The bill extends – as the President proposed in his budget – a Recovery Act provision for 50 percent “bonus depreciation” through 2010, providing 2 million businesses, large and small, with the ability to make new investmentstoday and know they can receive a tax cut for this year by accelerating the rate at which they deduct capital expenditures.
    A New Deduction of Health Insurance Costs for Self-Employed:The bill allows 2 million self-employed to know that on their taxes for this year, they can get a deduction for the cost of health insurance for themselves and their family members in calculating their self-employment taxes. This provision is estimated to provide over $1.9 billion in tax cuts for these entrepreneurs.
    Tax Relief and Simplification for Cell Phone Deductions:The bill changes rules so that the use of cell phones can be deducted without burdensome extra documentation – making it easier for virtually every small business in America to receive deductions that they are entitled to, beginning on their taxes for this year.
    An Increase in the Deduction for Entrepreneurs’ Start-Up Expenses:The bill temporarily increases the amount of start-up expenditures entrepreneurs can deductfrom their taxesfor this year from $5,000 to $10,000 (with a phase-out threshold of $60,000 in expenditures), offering an immediate incentive for someone with a new business idea to invest in starting up a new small business today.
    A Five-Year Carryback Of General Business Credits:The bill would allow certain small businesses to “carry back” their general business credits to offset five years of taxes – providing them with a break on their taxes for this year – while also allowing these credits to offset the Alternative Minimum Tax, reducing taxes for these small businesses.

    Originally Posted by johnny_rebson:

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


  4. #144
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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by apdst View Post
    So, you are claiming that unemployment creats jobs?

    If that were true, the economy should have fully recovered, by now.
    It doesn't create jobs, it staves off the loss of more jobs.
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



  5. #145
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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by Barbbtx View Post
    What dodge? GWB gave the wealthy huge tax breaks and drove our country to economic disaster. Now Republicans think that continuing these same failed economic policies is what we need to do to rescue our economy? So.....how are you proposing that we fund continuing these Bush hand outs?
    Things would have been much worse without the tax cuts. :-)[/QUOTE]

    Actually, things were much better before those tax cuts.
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by Jetboogieman View Post
    Satisfying the riches whims are what makes America so great, don't you know anything you dirty liberal/leftist/communist/socialist/marxist
    There's still time to form some reasonable opinions, Jet.

    But stay on talking point if you must. Kill the rich! Kill the rich! Kill the rich!

  7. #147
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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by Erod View Post
    There's still time to form some reasonable opinions, Jet.

    But stay on talking point if you must. Kill the rich! Kill the rich! Kill the rich!
    I see humour is wasted on you. Unsurprisingly.

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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by Erod View Post
    There's still time to form some reasonable opinions, Jet.

    But stay on talking point if you must. Kill the rich! Kill the rich! Kill the rich!

    psssst it is "Eat the rich!"

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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by independent_thinker2002 View Post
    Things would have been much worse without the tax cuts. :-)
    Actually, things were much better before those tax cuts.[/QUOTE]

    And I suppose you liked those 18 percent interest rates on home loans in the early 80s, too?

    Optimism spurned the 80s resurgence, not high taxes. Getting rid of Carter with a small-government platform gave business and investors reason to act; hence, the turnaround. Getting rid of trumped-up gasoline rationing helped. Showing the world we meant business (such as Iran) helped. Speaking openly of American exceptionalism helped.

    As soon as we started putting the 60s liberals at bay, things started turning around.

  10. #150
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    Re: Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

    Quote Originally Posted by winston53660 View Post
    psssst it is "Eat the rich!"
    No, that's the politically correct version of what is really meant.

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