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Thread: GOP plan to extend tax cuts for rich adds $36 billion

  1. #171
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by FilmFestGuy View Post
    No more so than any other politician who says that tax cuts will change the economy.
    So you're saying he's just as much of a liar as Reagan or Bush on that issue?

    Please note, in an earlier post, though - I did say that they can have short-term stimulus effects. They just don't alter the economic landscape significantly over time.
    A short-term stimulus can't alter the economic landscape significantly? I feel like I've been hearing the exact opposite for the past year+.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by donc View Post
    Then why not dedicate… say… half of the so-called tax increase to reducing the debt and the other half to stimulus that makes our “economic engine go”?
    Because tax increases do not provide increases in revenue and will do nothing to employ 16 million unemployed Americans

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by RightinNYC View Post
    Rather than "popping in to yell 'bull****,'" why not participate in the thread and explain why you think he's wrong on the merits?
    check your inbox

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by randel View Post
    check your inbox
    Let me know if she tells you in private where I am wrong on the merits. I really would love to learn

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Personally, I think an extension of the tax cuts would be the best move right now with the condition of the economy. However, if you want to compromise with those more concerned with the deficit, letting the taxes sunset on only the wealthy would probobly be the best IMO.









    Macroadvisers: The impact of sunset of tax cuts on GDP, employment, inflation & interest rates

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    Film, the tax cuts in 2001 were exactly like the Obama tax cuts and did the same thing, nothiing, they were rebates. In 2003 they were rate cuts. Do you understand the difference? Again, I ask you why are you so anti keeping more of what you earn. It seems to me that maybe you don't work, don't pay taxes thus have no point of reference?
    It seems to me that you're nothing but a partisan hack who has little fantasies in his head as to who people are.

    We're done debating this until you stop with your little stereotypes.

    I'm probably not as wealthy as you are, but I get by just fine thank you. I just get pissed off about falsehoods people tell about taxes. Everyone where I live talks about how low their taxes are compared to other states and how we have no municipal tax. Great! I'm all for low taxes. We also are one of the 10 poorest states in the nation with an ever-growing underclass and an unemployment rate above national average and we can't get sidewalks built in our neighborhood or get our stoplights timed properly to lower congestion because it's not in the budget.

    There is such a thing as common sense government. And to get it, you have to pay for it.

    Please. I'm asking you to either stop responding to me and let me debate with others who don't succumb to stereotypes and fantasies about those with whom they disagree or simply stop the asinine assumptions about who I am and what I do. If you want to know what I do - I throw an annual event with an economic impact in excess of $1 million; the equivalent of creating 30 jobs a year based on local average per capita income. That's whole lot more than a lot of people I know around here who are bitching and whining (and I'm talking about people who still have their jobs, I don't call those who actually lost their jobs whiners). Your treatment of your opponent reflects poorly upon you and it's why people like me don't like to associate with people like you. Even if I'm as rich as you claim to be one day, I won't behave the way you do toward people who work hard and simply want to be paid for their work.

    Again, I'm not against tax cuts - but just like spending by government, they can be irresponsible. The 2001 and 2003 cuts (less so, honestly the 2001 cuts) were irresponsible in the face of two wars and are a large part of the cause the current deficit.

    That's all I'm trying to f'ing say. They're not always the right thing to do just so people get a little more. They don't fix everything and the 2003 cuts are a PRIME example of when they're the exact wrong thing to do.

    I've given you some examples of how I would cut taxes, so I'm obviously not against them. I'm just for using them in a more skillful manner to improve the overall economic picture of the nation and make sure that everyone sees growth and get back to the stated post-WW2 goal of Full Employment that seems to have been spurned recently.

    Your continued delusions that I don't work and want to give all my money to the government add nothing to the debate.

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by RightinNYC View Post
    So you're saying he's just as much of a liar as Reagan or Bush on that issue?



    A short-term stimulus can't alter the economic landscape significantly? I feel like I've been hearing the exact opposite for the past year+.
    I'm not sure where in your little view of the world that you think I think Obama is some sort of God. I think the stimulus was mis-spent and I have several other issues with the man.

    Yes, I think Obama and Bush were wrong. There's nothing wrong with short-term stimulus, it can help out in a downturn. But it doesn't have long-term impact. It never has and it never will. That's why you'll find studies that show the top marginal tax rate has nothing to do with GDP growth or income rates. It's why our economy boomed when there was top marginal tax rate of 91%, and didn't do so well under Bush's 35% top marginal rate.

    A slight increase on the top marginal rate - reverting to the Clinton rate up top - WITH incentives for businesses to hire - wouldn't significantly alter the economic universe and would be part of cutting the deficit, along with matching spending cuts.

    Again, this is what Conservatives in Britain are doing.

  8. #178
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Again, I'm not against tax cuts - but just like spending by government, they can be irresponsible
    This says it all, how can allowing you to keep more of what you earn be irresponsible under any terms? You want so badly to believe that the govt. won't screw you but don't see how you are being used to implement a socialist economic policy and redistribute wealth. For some reason you never question how your govt. spends our money and that is what frustrates me the most. Everything you post ignores govt. revenue growing after tax cuts. There are 16 million unemployed Americans, how do you propose to get them back to work and paying taxes? Think taking more of your income is going to do it? think about it.

    Your passion is incredible and beyond comprehension. I don't understand how people can bo so brainwashed that they have to be convinced as to the value of keeping your own money. That is the attitude that will keep you dependent a long, long time. You and far too many people are so naive when it comes to the govt. spending yet you buy what you are told. I showed you govt. revenue AFTER the 2003 tax increase and you still say they were the wrong thing to do, why? I just don't get it

    Do you realize that 53% of the people in this country pay all the income taxes meaning that 47% don't pay any income taxes but do pay SS taxes? Suppose you want to still give them a tax cut and allow them to take their SS on cue?

    Sorry about saying you don't work, I don't know that but it does seem to me that a lot of people that don't pay any taxes have no problem raising the taxes on others. the way to improve our economic conditions and get 16 million Americans back to work is to grow your way out of this and do it with tax cuts and spending cuts. 16 million new taxpayers would be great for govt. revenue wouldn't it?

  9. #179
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    Because tax increases do not provide increases in revenue and will do nothing to employ 16 million unemployed Americans

    It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence= consumer spending in this economy imo.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  10. #180
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by donc View Post
    It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence= consumer spending in this economy imo.
    16 million Americans don't have a lot of money to spend right now so how is their consumer confidence? Still waiting for your answer to put them back to work? think that you having less take home pay will do it?

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