Page 9 of 80 FirstFirst ... 78910111959 ... LastLast
Results 81 to 90 of 791

Thread: Obama to call for middle class tax cut extension

  1. #81
    Sage
    lpast's Avatar
    Join Date
    Mar 2011
    Location
    Fla
    Last Seen
    05-21-16 @ 10:12 PM
    Gender
    Lean
    Independent
    Posts
    13,565

    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    so you are making over 200K a year--that is the level of income it takes to be paying an effective rate of 14% or so.

    Your pathetic class envy is a reflection on you, not Romney.



    I don't lie-you do


    Sorry no class envy here and turtle my friend you have worn your one line cliches out long ago The effective rate of my income is what it is...and the fact you slithered past is that Romney on hundreds of millions paid LESS...and your in the same breath going to attempt to slobber all over yourself and whine that Romny needs another tax cut and the middleclass needs more entitlement reduction and we cant afford the middleclass but we can afford to give another huge tax cut to the rich and famous and the great boosters of communist chinese quality of life and thier economy to our great far eastern corporations.

    You are going to slobber about class warfare because Obama recognizes the the WORKING CLASS in this country and the poor are the only ones that are hurting and the RICH are doing fabulously better and are the ones that created all this.....so you in your greedy mindset you believe its an HORRIFIC act of class warfare to extend pennies in tax cuts to the middleclass for a year...and ending them a year sooner for the super rich that have it all.

    Sorry Turtle your argument AGAIN falls on deaf ears and has no basis or depth in common sense....its just the wail of the richman who wants mOAR and mOAR...see the rich dont get rich off each other...the rich get rich taking off the 98% and the 98% doing all the work for them
    Last edited by lpast; 07-10-12 at 04:36 AM.

  2. #82
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 09:33 PM
    Gender
    Lean
    Conservative
    Posts
    39,719

    Re: Obama to call for middle class tax cut extension

    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.
    Last edited by danarhea; 07-10-12 at 12:50 PM.
    The ghost of Jack Kevorkian for President's Physician: 2016

  3. #83
    Professor
    wbcoleman's Avatar
    Join Date
    Jun 2012
    Location
    Chicago
    Last Seen
    06-07-16 @ 11:22 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    1,833

    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by lpast View Post
    Finally Someone trying to do something for the class that carries this country, in WARS and economically by doing the LABOR and actual WORK...that produces our economy.
    Its refreshing to have someone care about those that really need a break and not just slobbering all over themselves sniveling about how very bad the 1% that has 99% has it....


    President Obama returns to the tax issue today, with plans to call for a one-year extension of George W. Bush-era tax cuts for the middle class.Obama will again call for letting the Bush tax cuts for the wealthy to expire at the end of the year, saying the revenue can be used to help reduce debt and finance middle class programs like education.
    "President Obama today will push for extension of middle class tax cuts," tweeted White House Communications Director Dan Pfeiffer. "Will the GOP join him to provide certainty for 98% of Americans?"


    Obama to call for middle class tax cut extension
    Isn't a one year extension tantamount to a promise to raise everyone's taxes once he's safely reelected?
    Zionism is the National Liberation Movement of the Jewish People.

  4. #84
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 10:45 PM
    Lean
    Undisclosed
    Posts
    89,604

    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    Oblama is a pimp and he is pandering to people like you
    When you employ over the top hateful vitriol like that in an attempt to shock and awe the weak minded, what is to prevent anyone from saying that your service to corporations makes you their john?

    Can we please be adults here and put all this stupid pimp stuff to rest? It is something that a fifth grade boy would use because he has just learned the term and wants to shock everyone with how badass he thinks he is.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  5. #85
    Professor
    wbcoleman's Avatar
    Join Date
    Jun 2012
    Location
    Chicago
    Last Seen
    06-07-16 @ 11:22 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    1,833

    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.
    This is a contest he can't win. Force him to veto a full extension, hahahahaha........
    Zionism is the National Liberation Movement of the Jewish People.

  6. #86
    Sage
    Karl's Avatar
    Join Date
    Sep 2010
    Last Seen
    12-18-14 @ 09:35 AM
    Lean
    Progressive
    Posts
    5,561

    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Sparky View Post
    I believe the middleclass is pissed off enough at him from the huge tax hike on them in the form of Obamacare.
    LOL... you'd better hope the middleclass is not pissed off at the right for all the propaganda they spread, such as your post above

  7. #87
    Sage
    Karl's Avatar
    Join Date
    Sep 2010
    Last Seen
    12-18-14 @ 09:35 AM
    Lean
    Progressive
    Posts
    5,561

    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by wbcoleman View Post
    Isn't a one year extension tantamount to a promise to raise everyone's taxes once he's safely reelected?
    No. It is effectively a one-year stimulus program. It's also a political reelection ploy of course, but as much to paint the GOP into a corner as to solicit voter favor.

    However, with respect to the latter, he should have stuck to his guns when this first came up and let the cuts expire for everyone, as was originally written, and blamed it all on the GOP while reaping the reduction in deficits for his political account (assuming that the tax increase would not have made the economy stumble).

  8. #88
    Sage
    Karl's Avatar
    Join Date
    Sep 2010
    Last Seen
    12-18-14 @ 09:35 AM
    Lean
    Progressive
    Posts
    5,561

    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    so you are making over 200K a year--that is the level of income it takes to be paying an effective rate of 14% or so.
    Untrue, according to the NY Times graphic linked below, which shows someone with an income of $94,100, which includes capital gains of about $3,200, pays an effective combined payroll/income tax of 15.7%.

    Got any more wildly misleading statistics you'd like to share?

    Effective Income Tax Rates - Graphic - NYTimes.com

  9. #89
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 09:11 PM
    Gender
    Lean
    Conservative
    Posts
    16,719

    Re: Obama to call for middle class tax cut extension

    Congress could always push to make those middle class extensions permanent. See how that plays.

  10. #90
    Professor
    Phoenix's Avatar
    Join Date
    Jan 2008
    Location
    South Carolina
    Last Seen
    04-27-17 @ 10:56 PM
    Gender
    Lean
    Libertarian
    Posts
    1,782

    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Karl View Post
    Untrue, according to the NY Times graphic linked below, which shows someone with an income of $94,100, which includes capital gains of about $3,200, pays an effective combined payroll/income tax of 15.7%.

    Got any more wildly misleading statistics you'd like to share?

    Effective Income Tax Rates - Graphic - NYTimes.com
    You mean if you include payroll taxes that cut off at a certain level AND the benefits from those taxes ALSO CUT OFF AT A CERTAIN LEVEL. No slight of hand here....{sarcasm}
    From the ashes.

Page 9 of 80 FirstFirst ... 78910111959 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •