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Thread: House Dems to call for expiration of Bush tax rates in debt-limit deal

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    House Dems to call for expiration of Bush tax rates in debt-limit deal

    Here ya go.How about $2.8 trillion offset.Thata work.

    <A group of House Democrats is calling for any deal to raise the debt ceiling to bring about the end of the Bush tax rates for the wealthy.>


    <“At this point, both government and private-sector economists agree that sharp immediate cuts in government spending risk plunging our economy into a double-dip recession that will cost further jobs and ultimately worsen our fiscal situation,” the lawmakers wrote in a letter obtained by The Hill.>

    <They added that allowing the Bush tax rates for the wealthiest to expire at the end of next year would by itself “stop the growth of the deficit over the next decade.” >

    House Dems to call for expiration of Bush tax rates in debt-limit deal - The Hill's On The Money
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    Quote Originally Posted by donc View Post
    Here ya go.How about $2.8 trillion offset.Thata work.

    <A group of House Democrats is calling for any deal to raise the debt ceiling to bring about the end of the Bush tax rates for the wealthy.>


    <“At this point, both government and private-sector economists agree that sharp immediate cuts in government spending risk plunging our economy into a double-dip recession that will cost further jobs and ultimately worsen our fiscal situation,” the lawmakers wrote in a letter obtained by The Hill.>

    <They added that allowing the Bush tax rates for the wealthiest to expire at the end of next year would by itself “stop the growth of the deficit over the next decade.” >

    House Dems to call for expiration of Bush tax rates in debt-limit deal - The Hill's On The Money

    Except those "rosey" projections of economic gain never come to fruition. What happens is the "wealthy" look for ways to avoid the taxes, and revenue, and investments slow. Only in lala land does raising taxes in an economic challenged time seem like a bright idea.
    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: House Dems to call for expiration of Bush tax rates in debt-limit deal

    Quote Originally Posted by donc View Post
    Here ya go.How about $2.8 trillion offset.Thata work.

    <A group of House Democrats is calling for any deal to raise the debt ceiling to bring about the end of the Bush tax rates for the wealthy.>
    I hope they get it. I am eager for the coming revolution.

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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    Quote Originally Posted by donc View Post
    Here ya go.How about $2.8 trillion offset.Thata work.

    <A group of House Democrats is calling for any deal to raise the debt ceiling to bring about the end of the Bush tax rates for the wealthy.>


    <“At this point, both government and private-sector economists agree that sharp immediate cuts in government spending risk plunging our economy into a double-dip recession that will cost further jobs and ultimately worsen our fiscal situation,” the lawmakers wrote in a letter obtained by The Hill.>

    <They added that allowing the Bush tax rates for the wealthiest to expire at the end of next year would by itself “stop the growth of the deficit over the next decade.” >

    House Dems to call for expiration of Bush tax rates in debt-limit deal - The Hill's On The Money
    typical welfare socialist pandering. They need to call for everyone paying income taxes rather than just jacking up the taxes on the people who

    1) pay too much

    2) can hurt the economy the most by not spending



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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    Quote Originally Posted by TurtleDude View Post

    1) pay too much

    2) can hurt the economy the most by not spending
    I know you don't mean it that way, but that actually sounds like the middle class if you ask me.

    The Democrats are just fight "hyperbole we don't think we're really going to get" with "hyperbole we don't thinkg we're really going to get." They're positioning themselves for the next election so they can say "Republicans want to kill your Grandma so Bill Gates doesn't have to pay taxes." Republicans get to say "We wanted to cut spending, but Democrats wouldn't let us," and so the world turns to the next election cycle.

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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    I am a steadfast democrat and a liberal, but I do not want those tax cuts even touched in any way until they get that tax code under control and the 47% of Americans and all of the corporations who pay ZERO dollars in taxes start paying also.

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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    Quote Originally Posted by rocket88 View Post
    I know you don't mean it that way, but that actually sounds like the middle class if you ask me.

    The Democrats are just fight "hyperbole we don't think we're really going to get" with "hyperbole we don't thinkg we're really going to get." They're positioning themselves for the next election so they can say "Republicans want to kill your Grandma so Bill Gates doesn't have to pay taxes." Republicans get to say "We wanted to cut spending, but Democrats wouldn't let us," and so the world turns to the next election cycle.
    As I noted earlier (another thread I think) here is why things are screwed up

    the GOP cuts taxes without paying the price politically by cutting handouts to the parasites and military spending that would get the hawks upset. They figure a high deficit will hamstring the next dem administration forcing the dems to cut spending-which is what the GOP wants (but they don't want to pay the price for it)

    The dems come into power and they continue the spending to buy votes but they jack up the deficit hoping it will cause the subsequent GOP congress to either raise taxes or sustain dem tax hikes in order to cope with the deficit. The GOP rarely does that so the deficit goes up

    Too many people have NO CLUE about the debt because TOO MANY PEOPLE aren't paying for what they use and don't suffer tax hikes (or even pay federal income taxes) when the government increases vote buying spending



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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    The economy is in the trash people are no spending money because they fear what may come next and Dems want to make things worse.

    Typical lack of knowledge and the history of tax cuts helping the economy going back to JFK, and Reagan.

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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    Quote Originally Posted by TurtleDude View Post
    typical welfare socialist pandering. They need to call for everyone paying income taxes rather than just jacking up the taxes on the people who

    1) pay too much

    2) can hurt the economy the most by not spending
    The next move will be raising the estate tax to the pre Reagan ara.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: House Dems to call for expiration of Bush tax rates in debt-limit deal

    Quote Originally Posted by Gargantuan View Post
    I am a steadfast democrat and a liberal, but I do not want those tax cuts even touched in any way until they get that tax code under control and the 47% of Americans and all of the corporations who pay ZERO dollars in taxes start paying also.

    A Democrat who wants the "families with children, the elderly, low income households, those who either have too little income to pay taxes " pay taxes. Thought I would never see the day.

    I support the idea that everyone should pay their fair share of taxes.

    Who Pays Taxes? Not As Many As You Think : NPR
    Mr. ROBERTON WILLIAMS (Senior Fellow, Tax Policy Center): By our estimate, about 47 percent of Americans will not pay any federal income tax for 2009. The people involved in that tend to be families with children, the elderly, low income households, those who either have too little income to pay taxes or who benefit enough from all the deductions, credits and exemptions in the income tax, so they're zeroed out on the bottom line of their 1040.
    "I can explain it to you but, I can't understand it for you"

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