• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Obama to call for middle class tax cut extension

Mycroft said:
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.
Click to expand...

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.
 
specklebang said:
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.
Click to expand...

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.
 
Thunder said:
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.
Click to expand...

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.
 
Albert Di Salvo said:
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.
Click to expand...

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.
 
iguanaman said:
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.
Click to expand...

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.
 
beerftw said:
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.
Click to expand...

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
 
iguanaman said:
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.
Click to expand...

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.
 
Fruityfact said:
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
Click to expand...

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
 
Albert Di Salvo said:
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.
Click to expand...

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.
 
iguanaman said:
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.
Click to expand...

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.
 
assuming you are correct for the sake of argument - which one do you opt for? Guns or butter?
 
haymarket said:
assuming you are correct for the sake of argument - which one do you opt for? Guns or butter?
Click to expand...

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.
 
VanceMack said:
Obama pulls a string...and the wooden headed puppets dance. Hell you dont even AGREE with it and you still jump on it like a starving dog on a bone.
Click to expand...

I do agree ..I agree with it more than the gop plan to extend them...they need gone, preferably in total...but what Obama proposes is the best available...you need to take the blinders off and stop cheerleading for those that dont even know or care you exist lol
 
muciti said:
I am not sure about that. America is split down the middle. I am not sure the middle class is. I haven't seen any actual numbers so i could be mistaken, but the way it seems to me most of the middle class does not like the mandated health care. At least not most of the middle class that I know or have heard from.
Click to expand...

We werent talking about health care...we were talking about the bush tax cuts
 
ttwtt78640 said:
This is FLUFF. The revenue from this tiny tax increase is about $100 billion per year or 7.5% of the 2012 deficit. This is about what the federal gov't spends in only EIGHT days. This is NOT a fix for anything except Obama's class warfare game plan, since it takes effect only in 2013. This is about the same gain as the cost of the recent student loan interest giveaway, passed last Friday, cost. No he can't!
Click to expand...

Thats a trillion over 10 yrs and thats a trillion the gop doesnt have to steal from the working class ...get the picture :)
 
washunut said:
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.
Click to expand...

Its breaking because this story was new in the media DUH ..next time before I start a thread ill ask you where you want me to put it :) not
 
Albert Di Salvo said:
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.
Click to expand...


Well albert thats all I hear from the teaparty types and DPF far righters...we have to cut Social Security, Medicare, Medicaid, Defense, take guaranteed pensions and take from the troops...then they say..>WE NEED TAX CUTS FOR CORPORATIONS and the rich so they can create jobs....Im so sick of the B*******T lie that it made dump the republican party after 43 yrs...and I aint goin back...
 
what if Obama offers 3x as much in spending cuts, in exchange for this tax increase on the rich?
 
lpast said:
I do agree ..I agree with it more than the gop plan to extend them...they need gone, preferably in total...but what Obama proposes is the best available...you need to take the blinders off and stop cheerleading for those that dont even know or care you exist lol
Click to expand...
Its comical you think the Democrats see you as anything other than a dependent mindless puppet. You are a vote...an asset...and with the double entendre fully intended...a tool.
 
VanceMack said:
Its comical you think the Democrats see you as anything other than a dependent mindless puppet. You are a vote...an asset...and with the double entendre fully intended...a tool.
Click to expand...

Speak for yourself.
 
lpast said:
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
Click to expand...

Big deal, frankly. So people making $249,000 won't have to pay more taxes and we call it a victory for the middle class. He's lookin' out for the working man. If he had raised taxes on the true middle class in this country, it would have spelled certain defeat in November. To extend the cuts on up to $250K isn't serving the country well. At all. Oh, and it still has to pass Congress. Unless he's become a dictator and I missed the memo...

AnBig
 
You must log in or register to reply here.
Back
Top Bottom