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Thread: Obama to call for middle class tax cut extension

  1. #111
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Mycroft View Post
    More spin, dude.
    The Republicans want to keep taxes at current levels for everyone.

    Be honest, dude. Nobody is calling for any kind of tax cuts...no matter how you spin it.

    Yeah, dude. Let us be honest here.

    The Romney Tax Plan
    In his campaign for the Republican presidential nomination, Mitt Romney has proposed permanently extending the 2001-03 tax cuts, further cutting individual income tax rates, broadening the tax base by reducing tax preferences, eliminating taxation of investment income of most individual taxpayers, reducing the corporate income tax, eliminating the estate tax, and repealing the alternative minimum tax (AMT) and the taxes enacted in 2010’s health reform legislation.
    more from Romney's site

    Romney's Tax Plan Would Add $3T To Deficit Over A Decade

    Last week, Mitt Romney proposed a new tax plan that would, among other things, reduce individual tax rates by 20 percent across the board and repeal the Alternative Minimum Tax. To get a rough sense of what those two tax cuts would cost, the Tax Policy Center crunched the numbers. The result: They would be really, really expensive.

    TPC found that repealing the AMT and cutting rates by 20 percent would increase the deficit by more than $3 trillion over the next 10 years, even after the 2001/2003/2010 tax cuts are extended.
    Ryan’s tax plan: $6.2 trillion short

    The Tax Policy Center looked into the revenue loss associated with House Budget Chairman Paul Ryan’s plan to cut the tax code down to two rates of 10 percent and 25 percent. They estimate the changes would raise $31.1 trillion over 10 years, or 15.4 percent of GDP. That’s $10 trillion less than the tax code would raise if the Bush tax cuts were allowed to expire, and $4.6 trillion less than it would raise if all of the Bush tax cuts were extended.
    Every freakin' Republican pol and talking head is constantly nattering on about the "benefits" of cutting taxes. Never mind that every single analysis and the historical record shows that cutting taxes below the present levels is an unsustainable concept.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Somerville View Post
    Never mind that every single analysis and the historical record shows that cutting taxes below the present levels is an unsustainable concept.
    Don't bother to consider abusive spending by the government in your argument. Nah, wouldn't want that. After all, continuing increase spending, administration after administration, we have hit a point where this sort of thing is obviously sustainable. Right?
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  3. #113
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Arbo View Post
    Don't bother to consider abusive spending by the government in your argument. Nah, wouldn't want that. After all, continuing increase spending, administration after administration, we have hit a point where this sort of thing is obviously sustainable. Right?
    I do luv me Republican bilateral thinking - it's such a simple world where everything they support they 'know' is the TRUTH and everything else is evil.

    Please show me where there is NO mention of cutting government spending. In fact the automatic cuts that were negotiated two years ago are supposed to go into effect Jan 1, 2013 and already we are seeing some of those "cut spending" advocates scrambling for justification of those federal funds that will be cut in their district.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

  4. #114
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Somerville View Post
    I do luv me Republican bilateral thinking - it's such a simple world where everything they support they 'know' is the TRUTH and everything else is evil.
    Ah, called out for hackery and you try to spin it back around.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  5. #115
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Somerville View Post
    Yeah, dude. Let us be honest here.

    The Romney Tax Plan


    more from Romney's site





    Every freakin' Republican pol and talking head is constantly nattering on about the "benefits" of cutting taxes. Never mind that every single analysis and the historical record shows that cutting taxes below the present levels is an unsustainable concept.
    sigh...

    This thread is about the "Bush Tax Cuts"...current tax policy. Not about proposals from anyone about future tax policy. The fact that you bring such stuff up is indicative of a lack of reasonable debate on this thread's topic.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Arbo View Post
    Don't bother to consider abusive spending by the government in your argument. Nah, wouldn't want that. After all, continuing increase spending, administration after administration, we have hit a point where this sort of thing is obviously sustainable. Right?
    People like Somerville are forced to argue that

    1) the government is spending wisely

    2) and needs more money

    3) but only from a few people who don't have the numbers to vote the dems out of office

    in other words an untenable position to be in

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    Re: Obama to call for middle class tax cut extension

    ok, how about we don't extend the tax-cuts for the rich...but ONLY use that money to reduce the deficit, and in exchange cut SS and Medicare and other programs by the same amount each year.

    sound good?

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by disneydude View Post
    What do you think happened the last time? DOH!....Obama eventually caved in to the GOP's extortion and agreed to their demands for the weathiest. As as result...it has slowed our economic recovery. This time around, Obama is correct in saying no. If the GOP won't agree to the tax cuts, it is on their shoulders. Nice attempt to shift the burden ....but the spin fails.
    It has absolutely in no way slowed our economic recovery. If the government was not spending money because we don't have it, you might have a case. Current the government spends what they want. Contributing more to the pot isn't going to change anything on the economic stage except take money out of the pockets of people.
    From the ashes.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Thunder View Post
    ok, how about we don't extend the tax-cuts for the rich...but ONLY use that money to reduce the deficit, and in exchange cut SS and Medicare and other programs by the same amount each year.

    sound good?

    why should the one group that pays more of the income tax share than its share of the income be the only group that pays more taxes?

    what makes someone making 250K as an individual in NYC deserving of being taxed more while a guy making 195K in the Ozarks is not taxed more?

    Krauthammer: 'Obama's Surrendered on the State of the Economy' With Tax Proposal | NewsBusters.org

  10. #120
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by disneydude View Post
    Wow......can you be any more dishonest. We are talking about the midnight hour of the Bush tax CUTS......DOH!.....the issue being debated is whether the tax CUTS should reamin in effect or end. I guess you can argue that if the tax cuts end...it increases taxes, so an end to the tax CUTS would be a tax increase.

    Obama campaigned from day 1 that tax cuts should remain in effect for the middle/working class, but the wealthy who CAN afford to pay more SHOULD pay more. So anyone claiming that Obama is playing politics is either ignorning history or just plain dumb.

    The party of NO wouldn't agree to this the first time around without concessions from Obama that protected the wealthy. They held the working/middle class hostage in order to keep tax cuts for the wealthy.

    Essentially they are doing the same again. Republicans cannot stomach the thought of working and middle class Americans getting tax relief unless their wealthy supporters get the same tax cut. That's the bottom line...and unless Obama agrees to give it to their wealthy "base", they won't allow it to go to the people in this country who really need tax relief. Sorry....but that's just the truth.
    You call ME dishonest???

    You call being determined to keep taxes as they are to somehow supporting reducing taxes...as in your characterization of the Republicans efforts vis a vis the rich. Then, you say the Republicans want to raise taxes on everyone else when, again, all they want is for tax rates to stay the same as they are right now. Your spin is quite remarkable.

    Since the Bush Tax Cuts have been in effect for around TEN FRICKEN YEARS...yes, to end those cuts is, in effect a tax increase...no matter who you want to target.

    When Obama had a chance to do something about the Bush Tax Cut, he did nothing. It was the furthest thing from his mind. Now...when he has no hope of getting anything done...he brings it up. It's obvious he is only interested in painting the Republicans in a bad light while in this campaign season.

    I'll repeat my suggest from my first post in this thread: Extend the tax rates for everyone...better yet, make them permanent. Or let the rates revert to previous levels for everyone. But this half-assed, wishy-washy, class envy approach doesn't help anyone...least of all our country.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

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