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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

    Quote Originally Posted by iguanaman View Post
    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.
    excellent point... and that could well work..... if you had somebody in the White House who knew how to fight with the same determination and ferocity that the Republicans employ.

    Sadly, nobody in the White House knows how to use a baseball bat with a nine inch nail in it and aim for the forehead. But the GOP is filled with people who can do it in their sleep.

    Obama will give in..... again.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by beerftw View Post
    but its safe to say since the middle class recieved the majority of the benefits,and the rich the minority of the tax cut.so the cuts would depend entirely off of gdp,any negavite effects to gdp could actually drop revenue from raising taxes,which is never accounted for in any liberal talking point on taxes.
    No, sorry sir you have been misinformed.
    In-fact you have it in reverse
    The Bush Tax Cuts Disproportionately Benefitted the Wealthy | Economic Policy Institute
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by iguanaman View Post
    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.
    The American defense budget will have to be slashed no matter what happens. That means President Obama truly has nothing to offer in terms of a quid pro quo. I used to be a National Defense type of Democrat. Then I became a National Defense type of Republican. Now I don't give a shxt about national defense.

    Nothing will happen on the tax front prior to the election. If President Obama is reelected the conservative base will preclude any compromise by Republican legislators on pain of figurative death. It's all or nothing. Either all of the Bush tax cuts are extended or they all expire. In December of this year the 2014 election won't be on the radar.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Albert Di Salvo View Post
    Either all of the Bush tax cuts are extended or they all expire.
    Obama tax cuts. He owns them now.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Fruityfact View Post
    No, sorry sir you have been misinformed.
    In-fact you have it in reverse
    The Bush Tax Cuts Disproportionately Benefitted the Wealthy | Economic Policy Institute
    no you have it wuite wrong,that chart doesnt base it off of cost of the tax cuts or percentage changes,which both have gone mostly to the midddleclass.

    it seems that charts doesnt even show how it came to such conclusions,unless it was basing it off the fact a person with a 10 million dollar income is going to recieve a higher benefit from the smallest drop in tax rate vs someone who makes 30k.infact looking at your chart,i am 100% sure thats what it is basing its information off of,especially since drops in tax rates show a different story,as the top 1% bracket only fell 4.6% under bushes tax cuts.

    ABUSHTAXCUTS_g1_full_600.jpgtax1.jpg
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Albert Di Salvo View Post
    The American defense budget will have to be slashed no matter what happens. That means President Obama truly has nothing to offer in terms of a quid pro quo. I used to be a National Defense type of Democrat. Then I became a National Defense type of Republican. Now I don't give a shxt about national defense.

    Nothing will happen on the tax front prior to the election. If President Obama is reelected the conservative base will preclude any compromise by Republican legislators on pain of figurative death. It's all or nothing. Either all of the Bush tax cuts are extended or they all expire. In December of this year the 2014 election won't be on the radar.
    I guess you haven't heard about all the scrambling going on right now in the House to stop those defense cuts from happening and most of them won't as long as the Reps. agree to extending the tax cuts for the middle class and not the top bracket. You really are underestimating how much those Congressmen need that money from defense contractors. You are right about it happening in the lame duck session but that's all.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by iguanaman View Post
    I guess you haven't heard about all the scrambling going on right now in the House to stop those defense cuts from happening and most of them won't as long as the Reps. agree to extending the tax cuts for the middle class and not the top bracket. You really are underestimating how much those Congressmen need that money from defense contractors. You are right about it happening in the lame duck session but that's all.
    Essentially Democrats want to make the same bargain with Republicans that was possible when the country produced tremendous amounts of excess wealth. The Democrats offer guns to the Republicans in exchange for butter. That world is over. The people scrambling in Congress have the consciousness of beasts.

    America can't pay for both guns and butter. Where is the money going to come from? Taxing the truly wealthy? In a world of globalized capital that isn't possible. Did you hear that Democratic fundraiser and socialite Denise Rich renounced her US citizenship in order to avoid millions in federal income taxes?

    The world has changed. The American dominated era of human history is over. The empire struck out, and the party is over.

    The fools in Congress will try to keep the Titanic sailing a little longer. Hard cold reality will put an end to this illusion that this new America can have guns and butter at the same time.

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    Re: Obama to call for middle class tax cut extension

    assuming you are correct for the sake of argument - which one do you opt for? Guns or butter?
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by haymarket View Post
    assuming you are correct for the sake of argument - which one do you opt for? Guns or butter?
    I clearly am correct. What I want is of little importance. In a better world the political culture would have allowed us to work together in the face of what is being born...a nightmare world.

    If I had to choose it would be butter because guns are hard to digest. But if you also have guns no one is going to take your butter.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by PerfectStorm View Post
    Did he say that with a straight face?
    How many liberals will not get it? Answer: most
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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