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Thread: Liberals giving up tax fight

  1. #21
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    Re: Liberals giving up tax fight

    Quote Originally Posted by Erod View Post
    So not raising taxes is now called a "tax cut". LOL

    Well, I guess for Democrats, it is.

    Thanks for "cutting" my taxes by asking me to pay EXACTLY the same rates I've been paying for years.

    I guess.
    Can anyone tell me what Dem speak is for an actual tax cut? You know, like, let's say I pay 15% and the government lowers it to 14%. What would they call it?
    Catawa is my favorite bleeding heart liberal.
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    Re: Liberals giving up tax fight

    Quote Originally Posted by Barbbtx View Post
    Can anyone tell me what Dem speak is for an actual tax cut? You know, like, let's say I pay 15% and the government lowers it to 14%. What would they call it?
    Armageddon.

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    Re: Liberals giving up tax fight

    Quote Originally Posted by Chappy View Post
    The Bush tax cuts expired by the law Bush signed. They're over. Kaput. Done. Fork-time™.

    For the next couple of years, welcome to the Obama tax rates lowered by the law he will sign very soon now.

    Now, repeat after me, thank you, President Obama.

    There, that wasn't too hard.

    Now go spend your Obama-windfall™.
    Wow, is this the same President who previously said that the Bush tax cuts were only for the wealthy? Now how that tune has changed. Nice spin, Chappy, but the reality is Obama doesn't believe in tax cuts without strings attached. Obama is a radical leftwing liberal who continues to promote wealth redistribution. What liberals don't understand is that we do not have a zero sum economy where there is a fixed pie and when you cut taxes that pie remains the same. What really happens is when you cut taxes you get a bigger pie and everyone has a chance to get a bigger piece. The pie keeps getting bigger and bigger with economic growth.

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    Re: Liberals giving up tax fight

    Quote Originally Posted by Barbbtx View Post
    Can anyone tell me what Dem speak is for an actual tax cut? You know, like, let's say I pay 15% and the government lowers it to 14%. What would they call it?
    Demo Speak for anything that doesn't raise taxation, or benefits expenditure is a cut. For example, if welfare is slotted to go up by 4% in the coming year, and the repubs cancel 2% of that raise, then demo's don't say that welfare will raise by 2%, they say repubs cut welfare by 2%.....It is really disingenuous.


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    Re: Liberals giving up tax fight

    Quote Originally Posted by Shooterman View Post
    Tell a lie often enough and loud enough and it becomes truth.


    THIS IS NOT A TAX CUT! It simply is maintaining the current tax rates.
    The current temporary tax rates are set to expire 12-31-10, as designed by legislation.

    H. R. 1836

    TITLE IX—COMPLIANCE WITH CONGRESSIONAL BUDGET ACT

    SEC. 901. SUNSET OF PROVISIONS OF ACT.

    (a) IN GENERAL.—All provisions of, and amendments made by, this Act shall not apply—

    (1) to taxable, plan, or limitation years beginning after December 31, 2010, or

    (2) in the case of title V, to estates of decedents dying, gifts made, or generation skipping transfers, after December 31, 2010.
    To continue the current temporary tax rates new legislation has to be passed and signed. Current legislation will soon be history, gone , kaput, over and done.

    New legislation, containing tax cuts and signed by President Barrack Obama, will then be law.








    Quote Originally Posted by Deuce
    Yet the healthcare reform bill is called "Obamacare."
    I smile every time the cons refer to the health care act as "Obamacare" and hope it sticks. Can you imagine 60 years from now and someone carrying a sign in a town hall meeting to keep the government out of my 'Obamacare'....LOL.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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    Re: Liberals giving up tax fight

    Quote Originally Posted by BWG View Post
    The current temporary tax rates are set to expire 12-31-10, as designed by legislation.



    To continue the current temporary tax rates new legislation has to be passed and signed. Current legislation will soon be history, gone , kaput, over and done.

    New legislation, containing tax cuts and signed by President Barrack Obama, will then be law.









    I smile every time the cons refer to the health care act as "Obamacare" and hope it sticks. Can you imagine 60 years from now and someone carrying a sign in a town hall meeting to keep the government out of my 'Obamacare'....LOL.
    you mean, extending current rates? That's not a tax cut. it would only be a tax cut if Obama let them expire FIRST. Which he is not doing. You and others here are just trying to justify Obama's major compromise to yourselves, when really, Obama had no choice if he wanted to survive. Conservatives get what they've always wanted, for once, and you're doing the only thing you can do, pretend that it was because the liberals were "nice".
    Last edited by DarkWizard12; 12-15-10 at 12:56 PM.

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    Re: Liberals giving up tax fight

    Quote Originally Posted by BWG View Post
    The current temporary tax rates are set to expire 12-31-10, as designed by legislation.



    To continue the current temporary tax rates new legislation has to be passed and signed. Current legislation will soon be history, gone , kaput, over and done.

    New legislation, containing tax cuts and signed by President Barrack Obama, will then be law.









    I smile every time the cons refer to the health care act as "Obamacare" and hope it sticks. Can you imagine 60 years from now and someone carrying a sign in a town hall meeting to keep the government out of my 'Obamacare'....LOL.

    That is correct, however, you liberals can not call what would effectively not be any sort of tax relief, a cut. It just simply is a lie. You either propose to keep the current tax rates from expiring, or you let them expire and hike the rates.

    It is that simple.

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    Re: Liberals giving up tax fight

    In the new legislation, the tax rate would be the same as the current temporary tax rate. Without new legislation, the rate would revert back to the last permanent rate, as prescribed by law, before the temporary rate was authorized. The new legislation would be a temporary tax cut from the last permanent tax rate.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

  9. #29
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    Re: Liberals giving up tax fight

    So, the "Bush tax cuts" are going to last another couple of years, or until after the next election. What about the Obama tax cuts, you know, the $400 tax credit we all got as a part of the stimulus package, should we continue that one?

    You do remember the Obama tax cut, don't you?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Liberals giving up tax fight

    Quote Originally Posted by Dittohead not! View Post
    So, the "Bush tax cuts" are going to last another couple of years, or until after the next election. What about the Obama tax cuts, you know, the $400 tax credit we all got as a part of the stimulus package, should we continue that one?

    You do remember the Obama tax cut, don't you?
    I remember them well, did you spend yours all in one place? Since you did, now what? With the Bush tax cuts you are still benefiting.

    Total: $237 billion

    • $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[29]
    • $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[29]
    • $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
    • $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
    • $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[41]
    • $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
    • $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
    • $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
    • $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

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