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

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

    Quote Originally Posted by Opteron View Post
    Ok, that is a good first question. Budgeting is shared responsibility between Congress and the President, though. Clinton does deserve some credit, though, for agreeing to GOP's demands and signing the budget into law. Now I'm wondering who was the GOP leader responsible for reducing spending, what happened to that leader and in general what happened to the GOP in the next 6 years during Bush's term when spending increased? I would just like to see a balanced budget, and coming within range to a balanced budget and then progressing to large deficits is not good.

    I, too, am a critic of President Obama's current spending, I think we shouldn't be spending money if we don't have it. I think people on both sides of the aisle have been spending too much, regardless of party.

    In anticipation of some questions on spending during Bush's term, here is a link regarding the increase in discretionary and general spending during Bush's term:
    Spending Under President George W. Bush | Mercatus
    I agree, President Bush along with the Congress spent way too much money but Obama has put Bush spending on steroids. The term discretionary spending refers the the following and consists of 40% of the budget. In 2010 the budget of the U.S. is 3.8 trillion dollars so you can see how much of that is discretionary. We have become an entitlement state so cuts in discretionary spending will only make a small dent in the budget deficits and will do little for the debt.

    The Red is entitlement spending which is ON BUDGET

    Defense
    International Affairs
    Gen. Science, Space
    Energy
    Natural resources/env
    Agriculture
    Commerce
    Transportation
    Community Dev
    Education/Train/Social
    Health
    Medicare
    Income Security
    Social Security

    Veterans Benefits
    Justice
    General Govt.
    Net Interest

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

    Quote Originally Posted by American View Post
    How about your mother living off her investments, should she pay more? All you ever think about is the one or two rich people like Warren Buffet as your examples. You're not really serious about this issue are you?
    The Bush tax cuts were geared to the 2% richest Americans and were never paid for, that's is why the Republicans passed it using reconciliation. If left to continue, it would cost $680 billion to the debt over the next ten years.

    Yes, $3 Million - Paul Krugman Blog - NYTimes.com


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

    Quote Originally Posted by pbrauer View Post
    The Bush tax cuts were geared to the 2% richest Americans and were never paid for, that's is why the Republicans passed it using reconciliation. If left to continue, it would cost $680 billion to the debt over the next ten years.

    Yes, $3 Million - Paul Krugman Blog - NYTimes.com
    To clarify and not mislead the portion of the $680 billion going to the 120,000 richest Americans is $374 billion,which is 55% of the total.


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

    Quote Originally Posted by pbrauer View Post
    To clarify and not mislead the portion of the $680 billion going to the 120,000 richest Americans is $374 billion,which is 55% of the total.
    People talk about the Bush tax cuts as going to the rich only. What is the total cost of repealing of the Bush cuts. My understanding is that is in the 2 trillion dollar range. Why are the cuts discussed as benefits to the rich only. Seems like basic demogogary.

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

    Quote Originally Posted by pbrauer View Post
    The Bush tax cuts were geared to the 2% richest Americans and were never paid for, that's is why the Republicans passed it using reconciliation. If left to continue, it would cost $680 billion to the debt over the next ten years.

    Yes, $3 Million - Paul Krugman Blog - NYTimes.com
    Really? so the rich got a bigger percentage tax cut than the rest of us? Why do you care how much taxes the rich pay instead of worrying about how much money your govt. spends? All Liberals seem to have class envy and the question is why?

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

    Quote Originally Posted by Conservative View Post
    Really? so the rich got a bigger percentage tax cut than the rest of us? Why do you care how much taxes the rich pay instead of worrying about how much money your govt. spends? All Liberals seem to have class envy and the question is why?
    why are you ok with tax cuts geared to those that really don't need them?? they are loaded already, and a few bucks isnt going to make a difference in their world?? it isnt about 'caring' about how much the 'rich' pay in taxes, it is more about asking 'why' are they getting benefits that they don't need? 'class envy' and terms like it are nothing more than buzz words meant to try and frame a bad arguement.

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

    Quote Originally Posted by randel View Post
    why are you ok with tax cuts geared to those that really don't need them?? they are loaded already, and a few bucks isnt going to make a difference in their world?? it isnt about 'caring' about how much the 'rich' pay in taxes, it is more about asking 'why' are they getting benefits that they don't need? 'class envy' and terms like it are nothing more than buzz words meant to try and frame a bad arguement.
    I am fine with even you keeping more of what you make. People work hard to earn money and should keep it. Who are you to claim they don't need it? Do you know all those rich people? Why do you have such class envy and care about what others pay in taxes or don't pay? The bad argument comes from liberals who believe the govt. needs more money and the best way to get it is to have 47% of the people not pay anything and the other 51% pay more and 2% paying the most and never paying enough. That is liberal BS, you don't seem to understand it is the people's money first, not the govt?

    This is an eye opener to even you.

    YouTube - Jon Voight calls out Barack Obama

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

    Quote Originally Posted by Conservative View Post
    I am fine with even you keeping more of what you make. People work hard to earn money and should keep it. Who are you to claim they don't need it? Do you know all those rich people? Why do you have such class envy and care about what others pay in taxes or don't pay? The bad argument comes from liberals who believe the govt. needs more money and the best way to get it is to have 47% of the people not pay anything and the other 51% pay more and 2% paying the most and never paying enough. That is liberal BS, you don't seem to understand it is the people's money first, not the govt?

    This is an eye opener to even you.

    YouTube - Jon Voight calls out Barack Obama
    everytime taxcuts are mentioned that benefit the top 2%, you throw out the 'buzz words and phrases'...you need to learn some new tricks....if we are going to give tax cuts, why are we giving them to the top 2%? i'm sorry, but if your one of the top 2 % income wise in this country, and you really really need that tax cut, thats pretty piss poor. once you get past food, shelter, clothing, and healthcare, the rest is just gravy....why not target those 'tax cuts' to the people who live paycheck to paycheck? no, its not 'class warfare' or 'caring what the rich make', its asking a common sense question.

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

    Quote Originally Posted by randel View Post
    everytime taxcuts are mentioned that benefit the top 2%, you throw out the 'buzz words and phrases'...you need to learn some new tricks....if we are going to give tax cuts, why are we giving them to the top 2%? i'm sorry, but if your one of the top 2 % income wise in this country, and you really really need that tax cut, thats pretty piss poor. once you get past food, shelter, clothing, and healthcare, the rest is just gravy....why not target those 'tax cuts' to the people who live paycheck to paycheck? no, its not 'class warfare' or 'caring what the rich make', its asking a common sense question.
    Are you going to ever answer the questin, why do you care what the rich pay or don't pay in taxes? Is that the way you were raised to envy the rich or were you taught to try and become one of those rich people? This is a totally ridiculous argument about what someone elses pays in taxes. You and other liberals don't seem to have any concern over the 3.8 trillion dollar Obama budget and where that money is going. Instead you want to penalize people you don't even know by taking more of what they earn from them. You don't see a problem with that?

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

    Quote Originally Posted by Conservative View Post
    Are you going to ever answer the questin, why do you care what the rich pay or don't pay in taxes? Is that the way you were raised to envy the rich or were you taught to try and become one of those rich people? This is a totally ridiculous argument about what someone elses pays in taxes. You and other liberals don't seem to have any concern over the 3.8 trillion dollar Obama budget and where that money is going. Instead you want to penalize people you don't even know by taking more of what they earn from them. You don't see a problem with that?
    how many times does this need to be explained to you? what part of the 'buzzword' thing don't you understand? you fall back to this everytime someone corners you...i care about who would benefit from tax cuts, and frankly, the top 2 percent don't need them. why are we giving more money to the people who already have more than enough to live on? for several lifetimes?? what do you have against the poor and middleclass? why not give them these tax cuts? why do you want to penalize the poor and middleclass? why do you support class warfare against the middleclass and poor? why?

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