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Thread: GOP 2012 budget to make $4 trillion-plus in cuts

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    Re: US Republican budget plan would cut $5.8 trln in 10 yrs

    Quote Originally Posted by cpwill View Post
    I know it's counterintuitive; but top tax rates really have little if any correlation with revenues
    That's because Tax Revenue = Tax Rate * Tax Base (in the simplest terms). If one can sufficiently expand the tax base, a reduction in the tax rate does not automatically lead to reduced tax revenue. Hence, for a very simple illustration, let's assume the tax base is $1,000,000 and the tax rate is 30%. That would yield tax revenue of $300,000. Let's say that Tax Code changes were made that eliminated all preferential deductions, yielding a new tax base of $1,500,000. At the same time, the tax rate was cut to 20%. Then, tax revenue would remain unchanged at $300,000. At the individual taxpayer level, some taxpayers would pay more (those who could no longer take advantage of the preferential items) and others would pay less (those who never could take advantage of the preferential items).

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Let's go about balancing the budget in a truly bipartisan way.

    We'll put the Democrats in charge of raising taxes, and the Republicans in charge of cutting spending. If we agree that neither party will try to trash the other party's plan, we just might wind up with a balanced budget.

    Brilliant, just brilliant, if I may say so myself.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by danarhea View Post
    Yea, the GOP said it was going to balance the budget in Wisconsin too. So what about the budgetary items? They are still languishing in a Republican controlled Congress. What got passed? The part that attempts to bust the unions got shoved down the throats of the citizens of Wisconsin. But the budgetary items remain unpassed. Let me say that again - Unions busted down, budgetary items remain unpassed. However, Wisconsinites don't tolerate anything being shoved down their throats, unless it's cheese or beer. This ain't cheese or beer, but a law the vast majority of them do NOT support. Cheesehead Armageddon has now begun. Sucks to be a Republican in Wisconsin.

    So, in response to the OP, I will believe it when I see it. The GOP has lost all credibility with me. I just don't trust them.
    It's okay, best to not bck the guys at least trying to cut the budget. Go Unions! Go Dems! That's the ticket!!
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Dittohead not! View Post
    he actual cut is likely to be a lot less.

    We need some real leadership who is willing to tell the American Voters the truth: This government is in deep doo doo, some real sacrifices are in order, and the only way out is real spending cuts along with tax increases.
    This BIG SWOLLEN INGROWN PUS BAG of a government is in deep doodoo. That swamp needs to be drained and the monsters sent back home. Seriously. Nothing good can be done with the players we have now. They are too corrupted.

    The biggest problem we are facing is corruption in an ingrown Congress. THEY HAVE DONE THIS TO US AND WE NEED TO REMEMBER WHO THE ENEMY IS.

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Of course....Republicans want the cuts to come from Seniors, low income and children rather than focusing on the billions that they hand out every year to their billionaire corporate bed buddies. What else is new?
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by disneydude View Post
    Of course....Republicans want the cuts to come from Seniors, low income and children rather than focusing on the billions that they hand out every year to their billionaire corporate bed buddies. What else is new?
    Where does the money come from to pay for the 4 trillion dollars that have been added to the debt since Obama took office? You think those evil rich corporations can pay for the liberal spending appetite?

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Conservative View Post
    Where does the money come from to pay for the 4 trillion dollars that have been added to the debt since Obama took office? You think those evil rich corporations can pay for the liberal spending appetite?
    I dunno...why don't you ask GE and all the other corporations who take billions in government handouts and don't pay a cent in taxes.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by disneydude View Post
    I dunno...why don't you ask GE and all the other corporations who take billions in government handouts and don't pay a cent in taxes.
    LOL, you mean old Jeffrey Immelt got a handout from Obama? How can that be since Obama cares about the little guy? Guess if you are an Obama supporter you get all kinds of benefits, waivers on healthcare and of course corporate taxes.

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by disneydude View Post
    I dunno...why don't you ask GE and all the other corporations who take billions in government handouts and don't pay a cent in taxes.
    So you are in support of a flat tax where corporations can't play the system? That's great news!!!
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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    Re: GOP 2012 budget to make $4 trillion-plus in cuts

    Quote Originally Posted by Hugh_Akston View Post
    So you are in support of a flat tax where corporations can't play the system? That's great news!!!
    No. The flat tax is nothing more than a veiled attempt to cut taxes even further for the wealthiest Americans. I prefer a return to the pre-Reagan days, before Reagan raised taxes on the working class and cut taxes of the wealthiest Americans in half.

    Remember those days, when the people of this country could actually afford to buy a home, the "American dream" was alive and well and a two parent working home was a luxury not a necessity?

    Remember those days?.....Reagan and the so called "Family values" party but an end to that, took parents out of the homes, created generations of latch key kids and have bankrupted this once great country.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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