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Thread: Obama to call for middle class tax cut extension

  1. #391
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Arbo View Post
    Then why not explain how you support raising taxes in a manner that would actually effect the poor in the long run.
    Taxes need to be returned to pre-Bush-tax-cut levels for everyone since we have been going in the hole ever since Bush signed those tax cuts. While it will affect everyone in the short run, except the poor who pay little in federal income tax[1], in the long run it will benefit the economy (as can be witnessed by the $3 trillion or so that the Bush tax cuts have pushed us further into debt).

    __________________________________________________ __________________________________________________
    1. What the Tax Cuts Cost | Cost of Tax Cuts
    $19,855 - The average tax cut for a family in the wealthiest 5 percent of Americans, under the tax cut extension signed into law in December 2010.
    $107 - The average tax cut for a family in the poorest 20 percent.
    Last edited by Karl; 07-27-12 at 12:17 AM.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Karl View Post
    Taxes need to be returned to pre-Bush-tax-cut levels for everyone since we have been going in the hole ever since Bush signed those tax cuts. While it will effect everyone in the short run, except the poor who pay little in federal income tax[1], in the long run it will benefit the economy (as can be witnessed by the $3 trillion or so that the Bush tax cuts have pushed us further into debt).

    __________________________________________________ __________________________________________________ ________
    1. What the Tax Cuts Cost | Cost of Tax Cuts
    $19,855 - The average tax cut for a family in the wealthiest 5 percent of Americans, under the tax cut extension signed into law in December 2010.
    $107 - The average tax cut for a family in the poorest 20 percent.

    people in the bottom 20% pay -300% in FIT meaning the government gives them 3 dollars for every dollar they earn

  3. #393
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by beerftw View Post
    Quote Originally Posted by Karl View Post
    Trying to win an argument by engaging in emotional personal attacks is unlikely to lead to success.
    look whos talking.
    I rest my case

  4. #394
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    people in the bottom 20% pay -300% in FIT meaning the government gives them 3 dollars for every dollar they earn
    Only right wing talk media fans are interested in your selective rendition of the truth... assuming even that much is true, since you never bother us with links or sources, only pronouncements from on high which I suppose are to be accepted as engraved in stone (tablets). Everyone else has wised up... so all you are doing is preaching to the choir; since they already believe, you are merely wasting your time while alienating those that may be undecided but see thru the tawdry charade.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Karl View Post
    Taxes need to be returned to pre-Bush-tax-cut levels for everyone since we have been going in the hole ever since Bush signed those tax cuts. While it will affect everyone in the short run, except the poor who pay little in federal income tax[1], in the long run it will benefit the economy (as can be witnessed by the $3 trillion or so that the Bush tax cuts have pushed us further into debt).

    __________________________________________________ __________________________________________________
    1. What the Tax Cuts Cost | Cost of Tax Cuts
    $19,855 - The average tax cut for a family in the wealthiest 5 percent of Americans, under the tax cut extension signed into law in December 2010.
    $107 - The average tax cut for a family in the poorest 20 percent.
    Yeah, it's always 'tax the rich', never cut or control spending.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  6. #396
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Karl View Post
    Only right wing talk media fans are interested in your selective rendition of the truth... assuming even that much is true, since you never bother us with links or sources, only pronouncements from on high which I suppose are to be accepted as engraved in stone (tablets). Everyone else has wised up... so all you are doing is preaching to the choir; since they already believe, you are merely wasting your time while alienating those that may be undecided but see thru the tawdry charade.
    Uh I posted this and the source a few days ago-I figure if you didn't figure it out then its a waste of time repeating it to those unable to understand or those who reject it because it bitch -slaps the socialist nonsense

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    [...] I'd rather have 97% of what I made when others are paying negative taxes and have the same citizenship benefits
    Are you saying that you are more interested in what someone else has than in what you have yourself?

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Arbo View Post
    Yeah, it's always 'tax the rich', never cut or control spending.
    aheeem:

    CBO and the staff of the Joint Committee on Taxation (JCT) have estimated the direct spending and revenue effects of H.R. 6079, the Repeal of Obamacare Act, as passed by the House of Representatives on July 11, 2012. H.R. 6079 would repeal the Affordable Care Act (ACA), with the exception of one subsection that has no budgetary effect. This estimate reflects the spending and revenue projections in CBO’s March 2012 baseline as adjusted to take into account the effects of the recent Supreme Court decision regarding the ACA.

    For various reasons discussed in the report, the estimated budgetary effects of repealing the ACA by enacting H.R. 6079 are close to, but not equivalent to, an estimate of the budgetary effects of the ACA with the signs reversed.

    What Is the Impact of Repealing the ACA on the Federal Budget?
    Assuming that H.R. 6079 is enacted near the beginning of fiscal year 2013, CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion over the 2013–2022 period. Specifically, we estimate that H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 2013 and 2022, thus adding $109 billion to federal budget deficits over that period.

    CBO | Letter to the Honorable John Boehner providing an estimate for H.R. 6079, the Repeal of Obamacare Act

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    Uh I posted this and the source a few days ago [...]
    Sure you did.... and I'm supposed to go find it, right?

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    Uh I posted this and the source a few days ago-I figure if you didn't figure it out then its a waste of time repeating it to those unable to understand or those who reject it because it bitch -slaps the socialist nonsense
    what was the source?

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