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Showdown over Bush tax cuts Wednesday

TheDemSocialist said:
Probably these ones that might be released to the nation...
How Texas Inflicts Bad Textbooks on Us by Gail Collins | The New York Review of Books
Not satisfied with U.S. history, some conservatives are rewriting it | McClatchy
SBOE Conservatives Rewrite American History Books — Social Studies Standards Debate | The Texas Tribune
http://www.nytimes.com/2010/03/13/education/13texas.html

Excerpts from these "history books":
"Little known to most voters, though, Roosevelt and his closest economic advisers (Raymond Moley, Rexford Tugwell) had been influenced by the socialist-leaning doctrines of a controversial European economist named John Maynard Keynes (1883-1946). During his first months in office – known as the Hundred Days after the brief second French dictatorship of Napoleon Bonaparte (1769-1821) – Roosevelt enacted a dizzying series of policies designed to centralize economic power in the hands of Ivy League-educated bureaucrats in Washington."

"The first of these New Deal laws, the Emergency Banking Act, was approved in two days by a docile Democratic Congress (the vote in the Senate was 73-7) without reading the actual wording of the legislation. The Banking Act gave FDR and the Democrats unprecedented and potentially dangerous control over the national supply of credit and led to the abandonment of the Gold Standard later in 1933. Many economists, including Nobel Prize laureate Milton Friedman (1912-2006), now believe that FDR's risky decision to no longer support the American dollar with gold caused the suffering from double-digit unemployment to continue until World War II (1939-1945)."

"Part of the genius of America -- which many leading thinkers believe is derived from the nation's Christian faith -- is that at times of peril ordinary men (and, someday, maybe ordinary women) step forward to achieve historical greatness. Consider a failed one-term congressman and railroad attorney named Abraham Lincoln (1809-1865) or an obscure professor of history at the University of West Georgia named Newt Gingrich (1943- ). So it was in Wheeling, W. Va., on a blustery winter evening in February 1950 when a first-term Wisconsin senator named Joseph McCarthy (1908-1957) aroused a complacent America to confront the security threat from Ivy League-educated Soviet spies who had infiltrated the State Department and the presidency of Harry Truman (1884-1972)."
Excerpts From the New Texas History Textbooks
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I wint to Hi Skool in Texas....class of 64....are skool bord baned 2 buks, in 1963, IIRC.....
The Scarlet Letter, and To Kill a Mockingbird.....
 
UtahBill said:
I wint to Hi Skool in Texas....class of 64....are skool bord baned 2 buks, in 1963, IIRC.....
The Scarlet Letter, and To Kill a Mockingbird.....
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Me learns in Texas two.

Then I went to New York City for college.
 
Catawba said:
Two different things. This does not refute the fact that the wealthy received the biggest benefits from the Bush tax cuts. See the studies referenced above.
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i did and they made me laugh,and the new york times article said they cant post how they achieved their conclusion.


all three of those were hocus pocus math,if 85% of what was spent did not go to the rich,rich got the lowest drop in marginal rates of anyone under the tax cut,and then one of your links went on to claim ending taxes on poor people under the bush tax cut increased their tax burden.


4.5% drop in marginal rate does not equal super drop on effectice rate,thats determined by outside factors,not the marginal rate.


considering the middle class tax rates went down more than ttwice as much as upper class,who marginal taxes went down 4.5%,the lowest bracket making 16k went from 15% to 10%,.5 higher and they even get that back at the end of the year.
 
TheDemSocialist said:
Read more @: [/FONT][/COLOR][/LEFT]Showdown over Bush tax cuts Wednesday - POLITICO.com

Guess who is going to be glued to C-Span Wednesday? This guy :2razz:
I hope they do not pass. I hope their are given some great speeches. I hope Bernie Sanders isnt going to have to stand up by himself and give a 7 and a half hour speech (even though that was amazing) if it comes down to a filibuster.

Thoughts?
Comments?
Response?
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Good news for teatards, all they have to do is not vote and then Grover will still be their friend.
 
winston53660 said:
Pratt undergrad NYU graduate school
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extremely impressive. My former girlfriend's brother went to Pratt, my brother taught there. NYU was one of my top law school options
 
TurtleDude said:
those who generally support the death taxes are those upset they didn't have industrious parents.

the rich pay the highest taxes possible on like income

why does someone who claims to be a lawyer lie about the law such much

and why do the parasite support team members constantly talk about the super rich when their dem masters' plans are really most pernicious to those making several hundred K to a few million a year
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TD, when you look at your posts, do you feel like you are making arguments? I just never even know what to do with them. I look through them to try to identify your arguments so I can respond them, but I never find any... Can you read through this one and see if you can spot any that I missed for example?
 
TurtleDude said:
extremely impressive. My former girlfriend's brother went to Pratt, my brother taught there. NYU was one of my top law school options
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I was fortunate to go to both
 
teamosil said:
TD, when you look at your posts, do you feel like you are making arguments? I just never even know what to do with them. I look through them to try to identify your arguments so I can respond them, but I never find any... Can you read through this one and see if you can spot any that I missed for example?
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I have seen the stuff you post and they prove my claims
 
TurtleDude said:
the stuff you displayed showed a strong combination of training and talent
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Thanxs I'm finally putting myself back into the market after all this heart failure stuff.
 
TurtleDude said:
given the top 10% pay 70% of the taxes relevant to the "Bush tax cuts" how could it possibly be otherwise?
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As everyone but you seems to be aware, FIT only represent 42% of the federal governments revenues:

What are the federal government's sources of revenue?



"Accounting for all federal taxes, the top 1 percent paid 37 percent of their total income (including capital gains) to taxation in 1979. By 2006, that number had dropped to 31.2 percent. The rest of the country also saw a drop in their total effective federal tax rate, but not as large. And over the same time period, the share of all income in the nation going to the top 1 percent increased from 9.96 percent to 22.82 percent."

"In other words, while the total effective federal tax rate on the richest Americans fell nearly 6 percentage points, their share of overall national income jumped more than 12 percentage points. During this same time period, the top 1 percent’s average income increased more than 250 percent, while the average income for the bottom 90 percent increased less than 75 percent. Meanwhile, the top 10 percent saw their total federal tax rate fall over 2 percentage points, while their share of income rose 15 percentage points. This is not how the numbers would stack up if the taxes required of the rich were keeping pace with the gains they’ve enjoyed in the American economy."


REPORT: How The Right-Wing Uses Misleading Numbers To Claim The Rich Are Unfairly Taxed | ThinkProgress
 
Catawba said:
As everyone but you seems to be aware, FIT only represent 42% of the federal governments revenues:

What are the federal government's sources of revenue?



"Accounting for all federal taxes, the top 1 percent paid 37 percent of their total income (including capital gains) to taxation in 1979. By 2006, that number had dropped to 31.2 percent. The rest of the country also saw a drop in their total effective federal tax rate, but not as large. And over the same time period, the share of all income in the nation going to the top 1 percent increased from 9.96 percent to 22.82 percent."

"In other words, while the total effective federal tax rate on the richest Americans fell nearly 6 percentage points, their share of overall national income jumped more than 12 percentage points. During this same time period, the top 1 percent’s average income increased more than 250 percent, while the average income for the bottom 90 percent increased less than 75 percent. Meanwhile, the top 10 percent saw their total federal tax rate fall over 2 percentage points, while their share of income rose 15 percentage points. This is not how the numbers would stack up if the taxes required of the rich were keeping pace with the gains they’ve enjoyed in the American economy."


REPORT: How The Right-Wing Uses Misleading Numbers To Claim The Rich Are Unfairly Taxed | ThinkProgress
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massive fail on your part (as usual when it comes to taxes)

the Bush tax cut involved the FIT
 
beerftw said:
i did and they made me laugh,and the new york times article said they cant post how they achieved their conclusion.
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Thanks for your unsubstantiated far right opinion anonymous internet dude! I will have to go with the the study, by the nonpartisan Congressional Budget Office I referenced above.
 
TurtleDude said:
massive fail on your part (as usual when it comes to taxes)
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Where is your evidence that FIT makes up more than 42% of federal taxes? You forgot to provide your proof before your victory dance turtledude.
 
Catawba said:
Where is your evidence that FIT makes up more than 42% of federal taxes? You forgot to provide your proof before your victory dance turtledude.
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your idiotic posts whine that the rich benefited the most from the BUSH tax cuts

those tax cuts involved the FEDERAL INCOME TAX

the richest 10% pay 70% of the FEDERAL INCOME TAX
 
TurtleDude said:
your idiotic posts whine that the rich benefited the most from the BUSH tax cuts

those tax cuts involved the FEDERAL INCOME TAX

the richest 10% pay 70% of the FEDERAL INCOME TAX
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Oh and the rich pay all of the death taxes so they were going to get all of the benefits of that cut
 
TurtleDude said:
your idiotic posts whine that the rich benefited the most from the BUSH tax cuts
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A study by the CBO, not me, determined that the rich benefited most from the Bush tax cuts, as documented above.

If you feel taxation is theft, as you constantly whine, why don't you hire a good lawyer and take your case before the conservative Supreme Court.
 
TurtleDude said:
Oh and the rich pay all of the death taxes so they were going to get all of the benefits of that cut
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Exactly, only the rich have estates to be taxed. Just as those like Romney and Buffett who make most of their income from investments got the biggest benefit from the cut in capital gain taxes.
 
Catawba said:
A study by the CBO, not me, determined that the rich benefited most from the Bush tax cuts, as documented above.

If you feel taxation is theft, as you constantly whine, why don't you hire a good lawyer and take your case before the conservative Supreme Court.
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Geez the rich had to benefit the most since they were paying most of the taxes
 
Catawba said:
Exactly, only the rich have estates to be taxed. Just as those like Romney and Buffett who make most of their income from investments got the biggest benefit from the cut in capital gain taxes.
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duh...............

captain-obvious-1024x377.jpg
 
TurtleDude said:
Geez the rich had to benefit the most since they were paying most of the taxes
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That's what happens when you make most of the income. Did you just learn how taxation works?
 
Catawba said:
That's what happens when you make most of the income. Did you just learn how taxation works?
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you were the one who started with the tripe that it was bad that most of the tax cuts went to most of the tax base

not me
 
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