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

  1. #181
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by FilmFestGuy View Post
    I'm not sure where in your little view of the world that you think I think Obama is some sort of God.
    Can you link me to where I said anything even resembling this?


    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.
    When the top marginal rate was 91%, it affected a minuscule percentage of the people that the top rate of 35% affected, so it's not an effective comparison.

    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.
    And that's certainly one argument, but just saying it doesn't prove it.
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  2. #182
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    Re: Dem vs Rep Tax Cut Plan in Graph form!


    Conservative;
    16 million Americans don't have a lot of money to spend right now so how is their consumer confidence?
    from post#179

    note the = sign.

    <It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence= consumer spending in this economy imo.>



    Still waiting for your answer to put them back to work? think that you having less take home pay will do it?
    from post #172

    < Originally Posted by donc


    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”?>
    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

  3. #183
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by donc View Post
    from post#179

    note the = sign.

    <It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence= consumer spending in this economy imo.>





    from post #172

    < Originally Posted by donc


    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”?>
    As usual you ignored my post, how do unemployed people improve their confidence in the economy and where does their money come from to grow the economy? I doubt seriously that retiring debt means a lot to the unemployed as their debt isn't the one retired.

  4. #184
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by obvious Child View Post
    Utah Bill, heard of the Son of Boss tax scheme? A completely artificial way to generate insanely large fake losses to completely eliminate all taxable income? It ain't the poor and middle class who are using them.
    Never heard of it, but will look it up.....
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  5. #185
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    Ok, thanks, I just get so confused, just doesn't seem right that he would pay less in taxes if he didn't have the deductions for charitable giving but I bow to your superior wisdom
    A lot of the pyramid scheme crooks donated heavily to charities.....and Buffet is just now deciding to give half of his wealth to charities...
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  6. #186
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Aunt Spiker View Post
    Oh, that's adorable.

    Someone's trying to convince us that the *deficit* is cause by a *lack of taxes*
    When really - all educated people know - that the deficit is caused by excessive government spending.

    But I guess that's just a technical - a minute detail - when it comes to the world of political partisan hackery. Truly, I'm tired of people trying to drag me into the Democrat party with this kind of bull****.
    agree, the govt shouldn't spend more than it takes in....if the GOP wants to extend the Bush tax cuts, it should help devise a budget that allows income to match outgo....
    Oracle of Utah
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  7. #187
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    You mean like right now when Obama with a Democrat Congress has added 3 trillion to the debt. I am sure there is no borrowing and spending now, right?
    So the GOP and DEM parties are using each other's worst ideas, right?
    Oracle of Utah
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  8. #188
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by UtahBill View Post
    A lot of the pyramid scheme crooks donated heavily to charities.....and Buffet is just now deciding to give half of his wealth to charities...
    I agree but I am still waiting for OC to provide me with information as to what affect Buffet NOT contributing to charity would have on his tax rate. Bet it wouldn't be a lower rate than his employees but OC keeps telling me how smart OC is, I wait for a response.

    Seems that the one thing many people overlook is how much rich contribute to charity when they have more spendable income. Sounds like many would like them to give less to charity, pay higher taxes, and let the govt. distribute the money to whoever they deem important.

    I miss OC and anxiously await OC telling me where I am wrong.

  9. #189
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by UtahBill View Post
    So the GOP and DEM parties are using each other's worst ideas, right?
    Actually the Party of "no" didn't vote for the stimulus, didn't vote for Obamacare, didn't vote for the GM/Chrysler buyout so it doesn't look like they are using the Democrats poor ideas. The Republicans in Congress today are not responsible for the three trillion added to the debt however it wouldn't bother me a bit to have all the RINO's voted out of office and get back to actual conservative principles.

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

    Conservative

    As usual you ignored my post, how do unemployed people improve their confidence in the economy and where does their money come from to grow the economy?
    Aha, I get it now, the ole tried and true obtuse defenses. I guess in my old age I must have forgotten that some people still use that one. I should have known better, seeing as how the republicans have been using it for the last…well, at least, since the tall spooky black man got elected President.

    Here is your question.

    Conservative asks.

    how do unemployed people improve their confidence in the economy and where does their money come from to grow the economy?
    Answer. Note the period after the word retired, then the equal sign, prior to consumer.

    It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence=consumer spending in this economy imo.


    If that is too cryptic for you let me know.
    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

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