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Thread: Showdown over Bush tax cuts Wednesday

  1. #61
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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by soccerboy22 View Post
    If people were serious about cutting the debt they would let the tax cuts expire and cut spending. But that doesn't get people elected, so what they should do is let them expire, but offer a different tax cut to be signed on Jan 1, 2013 that is inbetween the Bush tax cuts and the normal tax levels.
    What your saying is we need bipartanship and YOU ARE RIGHT...but the far right Grover Norquists with thier no tax ever lists will not let that happen.
    EVERYONE says thats the way to go that has half a brain...The simpson boles commission the cbo....think tanks....but the FAR RIGHT has refused to even come to the table....they want the middle class, public workers and seniors to pay down the debt so they can get another tax cut A HUGE tax cut....< Paul Ryan>

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    Re: Showdown over Bush tax cuts Wednesday

    Senate OKs Dem tax-cut bill in showdown with GOP

    "Democrats pushed a yearlong extension of tax cuts for all but the highest-earning Americans through the Senate on Wednesday, giving Democrats a significant political victory on a measure that is fated to go no further in Congress.

    Senators approved the Democratic bill by a near party-line 51-48 vote, with Vice President Biden presiding over the chamber in case his vote was needed to break a tie. Minutes earlier, lawmakers voted 54-45 to kill a rival Republican package that would have included the best-off in the tax reductions."

    "The question is, who are you fighting for," Sen. Barbara Boxer, D-Calif., said before the vote. "Are you fighting for the people who make a billion dollars a year? That's who the Republicans are fighting for, and they get so emotional about it. Or are you fighting for the middle class, the heart and soul of America."

    Senate OKs Dem tax-cut bill in showdown with GOP
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #63
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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by Catawba View Post
    Senate OKs Dem tax-cut bill in showdown with GOP

    "Democrats pushed a yearlong extension of tax cuts for all but the highest-earning Americans through the Senate on Wednesday, giving Democrats a significant political victory on a measure that is fated to go no further in Congress.

    Senators approved the Democratic bill by a near party-line 51-48 vote, with Vice President Biden presiding over the chamber in case his vote was needed to break a tie. Minutes earlier, lawmakers voted 54-45 to kill a rival Republican package that would have included the best-off in the tax reductions."

    "The question is, who are you fighting for," Sen. Barbara Boxer, D-Calif., said before the vote. "Are you fighting for the people who make a billion dollars a year? That's who the Republicans are fighting for, and they get so emotional about it. Or are you fighting for the middle class, the heart and soul of America."

    Senate OKs Dem tax-cut bill in showdown with GOP
    its fun watching a rich rich spoiled princess like Boxer, whose millionaire husband help buy her a senate seat appealing to class warfare is hilarious. she knows she can make her husband so much more money in office so that is why she spews such idiocy

    and why do those assholes talk about a few billionaires when their tax schemes are targeting someone making 200K a year and up-hardly rich in places like San Francisco

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    its fun watching a rich rich spoiled princess like Boxer, whose millionaire husband help buy her a senate seat appealing to class warfare is hilarious. she knows she can make her husband so much more money in office so that is why she spews such idiocy

    and why do those assholes talk about a few billionaires when their tax schemes are targeting someone making 200K a year and up-hardly rich in places like San Francisco
    Thanks for the far right class warfare rhetoric! It helps show out of touch you are with the facts:

    "only 17.8% of all U.S. households make more than $118,200 a year. Only 2.67% make more than $200,000. The fact that only 34% make more than $65,000 is astounding given how expensive other cost of living items have gotten over the past decade. That is why the middle class is feeling squeezed from all different sides."

    How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.


    "In fact, tax cuts for the middle class and poor stimulate the economy, but tax cuts for the wealthy hurt the economy."


    "Bruce Bartlett, a Republican political appointee and domestic policy advisor to Ronald Reagan, points out that:

    Taxes were cut in 2001, 2002, 2003, 2004 and 2006.

    It would have been one thing if the Bush tax cuts had at least bought the country a higher rate of economic growth, even temporarily. They did not. Real G.D.P. growth peaked at just 3.6 percent in 2004 before fading rapidly. Even before the crisis hit, real G.D.P. was growing less than 2 percent a year…

    According to a recent C.B.O. report, they reduced revenue by at least $2.9 trillion below what it otherwise would have been between 2001 and 2011. Slower-than-expected growth reduced revenue by another $3.5 trillion.

    Spending was $5.6 trillion higher than the C.B.O. anticipated for a total fiscal turnaround of $12 trillion. That is how a $6 trillion projected surplus turned into a cumulative deficit of $6 trillion."

    Tax Cuts for the Middle Class and Poor STIMULATE The Economy, But Tax Cuts for the Wealthy HURT The Economy - Washington's Blog
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    if tax cuts are so good for someone making 198K a year why is Obama so hell bent on jacking up taxes on someone who makes 200 or 300K a year

    why is 200K the cut off

    is there any sanity to that?
    Perfect amount of sanity to that. Raise more revenue for the government.


  6. #66
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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    It should die=the rich already pay too much of the tax burden and the dems plan is to keep buying the votes of the masses by telling them that the rich will fund what they want.

    Why are the libs so intent on keeping tax cuts for the masses and raising it on those who pay 50% of the taxes? Its all about votes. IT HAS NOTHING TO DO WITH SOUND FISCAL PRINCIPLES OR ECONOMICS
    Libs buy votes from the poor, by promising them government aid, with tax money taken from the upper classes. The poor think they deserve it, despite not making much effort to deserve it.
    Cons buy votes from the rich, by promising them low taxes, with the budget shortfalls being paid for by the lower classes.
    Not entirely sure why the rich think they deserve low taxes. It's not like they will spend enough to help move the economy forward.
    all that BS about trickle down and the rich creating jobs is over hyped....the impact of both combined is still minimal...
    Oracle of Utah
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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TheDemSocialist View Post
    Perfect amount of sanity to that. Raise more revenue for the government.
    when the govt takes in a dollar, it feels obligated to spend 2 dollars....
    Oracle of Utah
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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by TurtleDude View Post
    murder is not implied with dictators or their lackeys are put down
    I would have thought you had learned the definition of MURDER in that law school you claim you went to. Killing a dictator or their lackeys can still be murder. Of course, any government official who tells you to do something that you object to would most likely qualify in your mind as a dictator and thus earn the fate you would like to dish out for them.
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  9. #69
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    Re: Showdown over Bush tax cuts Wednesday

    Quote Originally Posted by UtahBill View Post
    Libs buy votes from the poor, by promising them government aid, with tax money taken from the upper classes. The poor think they deserve it, despite not making much effort to deserve it.
    Cons buy votes from the rich, by promising them low taxes, with the budget shortfalls being paid for by the lower classes.
    Not entirely sure why the rich think they deserve low taxes. It's not like they will spend enough to help move the economy forward.
    all that BS about trickle down and the rich creating jobs is over hyped....the impact of both combined is still minimal...
    We do have a progressive tax system, the rich do pay more, in fact they pay the most of anyone. Half of the people in the US do not pay any federal income taxes. One could ask why do half of the people that don't pay a dime in federal taxes feel they deserve to not pay a dime.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
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    Re: Showdown over Bush tax cuts Wednesday

    Washington still has a spending problem and living outside its means. Lets just say the Bush tax cuts goes away for those making over
    250K. I will bet our national debt will continue to rise.

    Until Congress and President (current or future), gets the countries fiscal house in order, I am not sure they deserve anymore of our money. Balance the budget. Show a plan to reduce the deficit. Tell us what they plan to do with the increased revenue, if given. We need to hold our elected officials acountable.

    I do believe our tax code needs to be overhauled. But so does the way Washington develps a national budget. It is way broken.

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