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Thread: Obama to call for middle class tax cut extension

  1. #91
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by danarhea View Post
    Here is my 2 cents on this:

    1) Both Romney and Obama agree that the Bush tax cuts should be extended for those making below 250k.

    2) Where they disagree is whether or not the cuts should be extended for those making over 250k.

    3) By sitting on their butts and doing nothing, something which the congress is masterful at, ALL Bush tax cuts will expire at the end of the year.

    4) And here is where the fine line between recovery and a double dip recession lies. By letting ALL the Bush tax cuts expire, demand for products will be reduced, due to less money in consumers' pockets. But at the same time, all economists agree that we are not going to be able to move the economy forward without some kind of revenue coming in to the government. Tax cuts alone are not going to solve the problem.

    5) By targeting the Bush tax cut extension to those making under 250k, Obama is forcing Romney to take sides with the rich over this issue, and then use that to leverage his argument that Romney only cares about the rich.

    6) To sum it up, Obama is playing pure politics with this issue, and IMHO, this IS class warfare he is engaging in. Sure, Republicans are playing the class warfare game too, but this thread is about the play from Obama's playbook, not Romney's.

    7) And yes, this announcement by Obama does not pass the smell test.
    Obama isn't playing politics at all....this is what Obama campaigned on the first time around and what he has tried his entire time in office to do.

    The reality is, Republicans have been and continue to be willing to hold the working and middle class hostage in order to protect tax cuts for the wealthiest 2% of Americans. It is was it is.
    <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: Obama to call for middle class tax cut extension

    Quote Originally Posted by danarhea View Post
    ........But at the same time, all economists agree that we are not going to be able to move the economy forward without some kind of revenue coming in to the government. .........
    I don't see how giving the government more money is going to help since the government currently has no problem spending as much as they want.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by wbcoleman View Post
    This is a contest he can't win. Force him to veto a full extension, hahahahaha........
    All THAT would do is reiterate that the GOP was not willing to give the working/middle class tax relief unless Obama agreed to extend cuts to the wealthiest Americans as well. Good Luck. It would simply highlight that the GOP is once again willing to punish the working/middle class in order to ensure that the wealthiest get more.
    <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: Obama to call for middle class tax cut extension

    Quote Originally Posted by OpportunityCost View Post
    Congress could always push to make those middle class extensions permanent. See how that plays.
    Highly unlikely to pass the Senate.

    However, as with the original tax cuts, Congress can't do that unless they find a funding mechanism. See the Byrd Rule and PAYGO.

  5. #95
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by disneydude View Post
    Obama isn't playing politics at all....this is what Obama campaigned on the first time around and what he has tried his entire time in office to do.

    The reality is, Republicans have been and continue to be willing to hold the working and middle class hostage in order to protect tax cuts for the wealthiest 2% of Americans. It is was it is.
    NONSENSE. Would those be the same republicants that stopped the PPACA? This is 100% BS to rile up the base and paint the GOP as pro "rich guy". What real good is a tax increase during super slow economic times? WOW, it would fund the federal gov't for 8 1/2 days! Obama knows that it is a moronic idea, that it will never happen and yet pretends to support it. If reducing the defict (he campaigned in 2008 PROMISING to cut it in half) was really his "priority" he would NEVER have signed the student loan subsidy or cut the SS payroll tax or spent like a fool for his entire term. He brags about all of the taxes he cut, money he "invested" and then belly aches about the defict. Obama is an economic moron, yet a very clever speaker, guiding his liberal sheeple to worship his greatness, even as he bumbles along spewing blame in all directions. Yes he can!
    Last edited by ttwtt78640; 07-10-12 at 02:30 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Phoenix View Post
    I don't see how giving the government more money is going to help since the government currently has no problem spending as much as they want.
    That you can't see something really means nothing.

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    Re: Obama to call for middle class tax cut extension

    Political pandering is all this is about. But I see many have bought into it, and the silly notion that there are 'tax cuts for the rich'.

    Are our schools to blame for such hackery?
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Karl View Post
    That you can't see something really means nothing.
    Giving the government more money when they already have an endless supply is stupid.
    From the ashes.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by ttwtt78640 View Post
    NONSENSE. Would those be the same republicants that stopped the PPACA? This is 100% BS to rile up the base and paint the GOP as pro "rich guy". What real good is a tax increase during super slow economic times? WOW, it would fund the federal gov't for 8 1/2 days! Obama knows that it is a moronic idea, that it will never happen and yet pretends to support it. If reducing the defict (he campaigned in 2008 PROMISING to cut it in half) was really his "priority" he would NEVER have signed the student loan subsidy or cut the SS payroll tax or spent like a fool for his entire term. He brags about all of the taxes he cut, money he "invested" and then belly aches about the defict. Obama is an economic moron, yet a very clever speaker, guiding his liberal sheeple to worship his greatness, even as he bumbles along spewing blame in all directions. Yes he can!
    Not nonsense at all. If the GOP cared at all about anyone other than their "base", then why would they not agree to the extension of the cuts for the 98% unless the 2% are given tax cuts? The reality is...the GOP is willing to hold the 98% hostage in order to get tax cuts for the wealthiest....call it whatever you want....but it is what it is.
    <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: Obama to call for middle class tax cut extension

    Quote Originally Posted by disneydude View Post
    Not nonsense at all. If the GOP cared at all about anyone other than their "base", then why would they not agree to the extension of the cuts for the 98% unless the 2% are given tax cuts? The reality is...the GOP is willing to hold the 98% hostage in order to get tax cuts for the wealthiest....call it whatever you want....but it is what it is.
    Not nonsense at all. If the DNC cared at all about anyone other than their "base", then why would they not agree to the extension of the cuts for everyone? The reality is...the DNC is willing to hold the 98% hostage in order to increase taxes on the wealthiest....call it whatever you want....but it is what it is.

    Goes both ways dude. Try looking at the bigger picture from time to time and you might lose the rep as a hack.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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