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Thread: House blocks funding for health care law

  1. #111
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    Re: House blocks funding for health care law

    if obama wants to shut down the govt over the continuing resolution that emerges from house-senate reconciliation, let him

    but he won't---the mere suggestion is laughable

    party on, plastic parliamentarians

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    Re: House blocks funding for health care law

    Quote Originally Posted by danarhea View Post
    Maybe some of those people don't remember, but Barry Goldwater was quite the environmentalist.
    It would great to infuse some of that environmentalism back into the GOP, I appreciate your efforts in that regard!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: House blocks funding for health care law

    Quote Originally Posted by Kal'Stang View Post
    Notice that each of those news sites are liberal news sites....
    What is your fault with the CBS poll? Please post your polls that say otherwise.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: House blocks funding for health care law

    Quote Originally Posted by reefedjib View Post
    This is the age old battle between the patricians and the plebians. In a full throated democracy, rule by the masses, the plebians will still everything from the patricians and call it "fair". It will drive away investment and hurt our private economy.
    If that were true, why didn't it happen during the 50 year period when we had a progressive tax system? Instead we had the most prosperous time for the middle class in history.
    We don't need to solve the problem of uncontrolled spending by raising taxes; we need to stop uncontrolled spending.
    Its not possible given the wars, military spending, and tax cuts the rich want to cut spending enough to reduce our National debt. That's why it keeps growing. One of these days we'll understand that hopefully.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #115
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    Re: House blocks funding for health care law

    Had Social Security been left undisturbed and had Medicare and Medicaid never been enacted, we wouldn't be in this mess. The entitlements are either going to have to be revised or fail.

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    Re: House blocks funding for health care law

    Quote Originally Posted by Catawba View Post
    If that were true, why didn't it happen during the 50 year period when we had a progressive tax system? Instead we had the most prosperous time for the middle class in history.
    You had extremely high tax rates during a time of manufacturing explosion and technological innovation. The high rates DID affect investment, but the economy was booming none the less. It would have boomed more with lower rates. Plus, investment was not realized as income. Those days are over. You do not raise taxes on investors when the economy is so sluggish. Exactly the wrong thing to do.


    Its not possible given the wars, military spending, and tax cuts the rich want to cut spending enough to reduce our National debt. That's why it keeps growing. One of these days we'll understand that hopefully.
    http://www.debatepolitics.com/econom...post1059297117

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    Re: House blocks funding for health care law

    Quote Originally Posted by reefedjib View Post
    You had extremely high tax rates during a time of manufacturing explosion and technological innovation. The high rates DID affect investment, but the economy was booming none the less. It would have boomed more with lower rates. Plus, investment was not realized as income. Those days are over. You do not raise taxes on investors when the economy is so sluggish. Exactly the wrong thing to do.




    http://www.debatepolitics.com/econom...post1059297117
    No one is proposing to raise taxes on investors; they are proposing to raise tax on high-salaried workers. Investors are taxed on capital gains. The current low highest tax bracket actually encourages people to take money out of their business, not re-invest it. There is a very good, investor-friendly argument, that suggests highest tax bracket should be much higher...just keep the capital gains tax low.

    The result of the high tax rate on earned income that the previous poster referred to was to encourage re-investment in the business. It was better to keep capital in the business for expansion than to take it out in salary and 50-60% to the government.

    Now its better to take it out (particularly if you don't trust the tax rates long-term, and few do) and put it in your bank now, than leave it in the business and perhaps have it taxed at a higher rate tomorrow.......
    Last edited by upsideguy; 02-20-11 at 06:33 PM.

  8. #118
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    Re: House blocks funding for health care law

    Quote Originally Posted by The Prof View Post
    if obama wants to shut down the govt over the continuing resolution that emerges from house-senate reconciliation, let him

    but he won't---the mere suggestion is laughable

    party on, plastic parliamentarians
    It is a game of hot-potato, but historically, when the government gets shut down, Congress gets blamed.

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    Re: House blocks funding for health care law

    Quote Originally Posted by upsideguy View Post
    No one is proposing to raise taxes on investors; they are proposing to raise tax on high-salaried workers. Investors are taxed on capital gains. The current low highest tax bracket actually encourages people to take money out of their business, not re-invest it. There is a very good, investor-friendly argument, that suggests highest tax bracket should be much higher...just keep the capital gains tax low.

    The result of the high tax rate on earned income that the previous poster referred to was to encourage re-investment in the business. It was better to keep capital in the business for expansion than to take it out in salary and 50-60% to the government.

    Now its better to take it out (particularly if you don't trust the tax rates long-term, and few do) and put it in your bank now, than leave it in the business and perhaps have it taxed at a higher rate tomorrow.......
    Ok, I see your point and its a good one.

    Still, I think a progressive tax system in inherently unfair. We should have a flat tax system, with a 0% tax bracket below the poverty line. Capital gains tax should be low for investors.

    We can argue this round and round, but I have said my piece on it and will stop now.

    What I would really like to know is what you think about this post of minehttp://www.debatepolitics.com/econom...post1059297117:

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    Re: House blocks funding for health care law

    Quote Originally Posted by reefedjib View Post
    You had extremely high tax rates during a time of manufacturing explosion and technological innovation. The high rates DID affect investment, but the economy was booming none the less. It would have boomed more with lower rates. Plus, investment was not realized as income. Those days are over.
    I was expecting proof to back up your claim, oh well. Thanks for your opinion.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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