Page 85 of 198 FirstFirst ... 3575838485868795135185 ... LastLast
Results 841 to 850 of 1973

Thread: Wisconsin Republicans vote to strip public worker collective bargaining rights withou

  1. #841
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 06:36 PM
    Lean
    Conservative
    Posts
    13,100

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    apdst, you've got them cornered. The thousand pound gorilla in these discussions is that the ones that all bitch about tax breaks for the rich.....are the same people that almost entirely pay virtually no taxes at all.

    They just want to stick it to people that are outperforming them.
    Last edited by Erod; 03-12-11 at 07:28 PM.

  2. #842
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by apdst View Post
    Your bleating about some fantasy $93 thousand dollar tax credit, is what's irrational.

    Its no fantasy, I provided the link to the Congressional Record, and you happily provide that support for your rich friends.
    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

  3. #843
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 06:33 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,598

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by Catawba View Post
    Its no fantasy, I provided the link to the Congressional Record, and you happily provide that support for your rich friends.
    Nothing from the tax code? No surprise there.

  4. #844
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by apdst View Post
    Nothing from the tax code? No surprise there.
    Are you truly unaware of the 2003 tax cuts?
    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. #845
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 06:33 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,598

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by Catawba View Post
    Are you truly unaware of the 2003 tax cuts?
    Showem to us. Let's see whose taxes got cut and whose didn't.

  6. #846
    Sleeper Agent
    iamitter's Avatar
    Join Date
    Jan 2011
    Location
    NY, NY
    Last Seen
    12-02-17 @ 01:11 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    1,836

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by Catawba View Post
    Are you truly unaware of the 2003 tax cuts?
    The few billionaires in this country inflated your number enormously. It's the same with average household income. The mean income is 40% higher than the median, owing to a few ridiculously rich people.
    Give a man a fish, or he will destroy the only existing vial of antidote.

  7. #847
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by iamitter View Post
    The few billionaires in this country inflated your number enormously. It's the same with average household income. The mean income is 40% higher than the median, owing to a few ridiculously rich people.
    That is what "on average" means.

    " Making the tax cuts permanent would generate large, backloaded revenue losses over the next 10 years. Combined with a minimal but necessary fix to the government's Alternative Minimum Tax, making the tax cuts permanent would reduce federal revenues by almost $1.8 trillion over 10 years — and that's in addition to the $1.7 trillion of revenue losses already locked into law. By 2014, the annual revenue loss would amount to $400 billion, or 2 percent of gross domestic product — almost the size of this year's federal budget deficit.

    Paying for the tax cuts would require monumental reductions in spending or increases in other taxes. To offset the revenue losses in 2014 would require, for example, a 48 percent reduction in Social Security benefits, a 57 percent cut in Medicare benefits, or a 117 percent increase in corporate taxes.

    Over the long run, making the tax cuts permanent would cost as much as repairing the shortfalls in the Social Security and Medicare Hospital Insurance trust funds. Thus, to the extent that Social Security and Medicare are considered major long-term fiscal problems, making the tax cuts permanent should be seen as creating a fiscal problem of equivalent magnitude.

    Making the tax cuts permanent would be regressive; that is, it would confer by far the biggest benefits on high-income taxpayers. After-tax income would increase by more than 6 percent for households in the top 1 percent of the nation's income distribution, 2 percent for households in the middle 60 percent, and only 0.3 percent for households in the bottom 20 percent. The share of the tax cut accruing to high-income taxpayers would exceed their share of federal tax payments today, so their share of the federal tax burden would decline. The tax cuts will ultimately have to be financed with other tax increases or spending cuts. Once plausible methods of financing the tax cuts are taken into account, more than three-quarters of households are likely to end up worse off than they would have been if the tax cuts had never taken effect.

    Making the tax cuts permanent is likely to reduce long-term economic growth, not increase it. Studies by the Federal Reserve, the Congressional Budget Office and the Joint Committee on Taxation, as well as our own research, indicate that making the tax cuts permanent would increase the size of the economy slightly and temporarily but would reduce growth in the long term, in part because higher federal deficits will have a negative effect on long-term saving, investment and capital accumulation."

    The Cost of Tax Cuts - Brookings Institution
    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

  8. #848
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 03:28 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,814

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    the main cost of tax cuts was the fact that many people no longer pay federal income taxes and thus have absolutely no incentive to demand politicians quit spending because those non tax payers don't have to pay for that spending.



  9. #849
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by TurtleDude View Post
    the main cost of tax cuts was the fact that many people no longer pay federal income taxes and thus have absolutely no incentive to demand politicians quit spending because those non tax payers don't have to pay for that spending.
    And your documentation for that is what counselor? Your esteemed 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

  10. #850
    Banned
    Join Date
    Mar 2009
    Location
    Naperville, IL
    Last Seen
    09-24-12 @ 02:14 PM
    Gender
    Lean
    Moderate
    Posts
    11,963

    Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi

    Quote Originally Posted by Catawba View Post
    Are you truly unaware of the 2003 tax cuts?
    yes. he is.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •