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Thread: Obama to call for middle class tax cut extension

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    Re: Obama to call for middle class tax cut extension

    Sadly, neither candidate seems to have a plan for anything except getting elected and enjoying the fruits of their elevated position. So, most of what they say is comprised of "blasting" the other guy and "touting" their own wonderfulness, sans explanation.




    Quote Originally Posted by washunut View Post
    Why is this breaking news. It is what he has proposed for years. Rehashing an old proposal through another campaign speech does not make it new, or news.

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    Re: Obama to call for middle class tax cut extension

    Obama doesn't have the power to only extend the tax-cuts for the middle-class, but let the tax cuts for the wealthy and for capital gains end.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Thunder View Post
    Obama doesn't have the power to only extend the tax-cuts for the middle-class, but let the tax cuts for the wealthy and for capital gains end.
    There isn't going to be anything done on taxes prior to the election. If President Obama is reelected he will have nothing to offer House Repbulicans which would induce them to cooperate on extension of the Bush Tax Cuts as they apply to the Middle Class. A quid pro quo isn't possible if the president has nothing to exchange. After any Obama reelection the base of the Republican Party will prevent any compromise with the president.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by beerftw View Post
    biggest flaw i find in that is the 100 billion per year,infact what makes all estimates on the tax cut bad are the fact that to this day cbo uses 2001 gdp,cbo also fails to account in any gdp increases brought on by tax cuts,since it is near impossible to determine how much tax cuts contribute to the gdp.
    CBO Estimate = butt wipe.
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    Re: Obama to call for middle class tax cut extension

    "The money we're spending on these tax cuts for the wealthy is a major driver of our deficit," Obama said.
    Did he say that with a straight face?

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Mycroft View Post
    I don't believe in half measures and I don't believe in pitting one group of people against another. It appears, with this news, that Obama doesn't agree with me. So be it...and I'm not surprised.

    My recommendation to both Parties: Either end the tax cuts for everyone or extend it for everyone. Have the courage and integrity to take a position one way or the other and accept the consequences (good or bad) for your position.

    For some reason, I don't think either Party will consider my recommendation.
    You obviously don't believe in tax rates determined by what the indiviual can afford either. The middle class cannot afford a tax hike now, the top 2% certainly can. That's just how it works.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by PerfectStorm View Post
    "The money we're spending on these tax cuts for the wealthy is a major driver of our deficit," Obama said.
    Did he say that with a straight face?
    I have always wondered where the money to pay for a tax cut comes from.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by specklebang View Post
    Please explain this $4000.00 benefit. I'm not disputing your words but I'm asking for definitive clarification. How does the "middle class" get this $4000.00 and where does this money come from?

    Thank you.
    AdamT will not and can not explain it because virtualy every post of his (especially when he's defending Obama) is a lie and/or a distorted fact.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Thunder View Post
    Obama doesn't have the power to only extend the tax-cuts for the middle-class, but let the tax cuts for the wealthy and for capital gains end.
    Ahh but he does have an "ace up his sleeve" with the massive sequestration defense cuts coming. I think a deal will be cut. Tax cuts end for the top bracket in exchange for less defense cuts. It's an offer the Republicans will not be able to refuse. Except the T's of course and they will be a riot to watch when they go ballistic.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Albert Di Salvo View Post
    There isn't going to be anything done on taxes prior to the election. If President Obama is reelected he will have nothing to offer House Repbulicans which would induce them to cooperate on extension of the Bush Tax Cuts as they apply to the Middle Class. A quid pro quo isn't possible if the president has nothing to exchange. After any Obama reelection the base of the Republican Party will prevent any compromise with the president.
    Obama has plenty to offer...the sequestration cuts for the defense budget are going to be real hard to swallow for Congressional Republicans. Much of it will come directly out of their campaign coffers. The T's are screwed.

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