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

  1. #531
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    This should put to rest the myth about the Bush tax cuts cutting govt. revenue. In this article click on the IRS link to see what the various income earners paid in taxes by year.

    RealClearMarkets - The Hidden Truth About the Bush Tax Increases
    More garbage, th Excel spreadsheet breaks out earners by percentages and as I noted that crap and is meant to mislead. There must be dozens of reasons that revenue climbs, but the most striking one is that more people file income tax returns every year. Look it up.


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

    Quote Originally Posted by washunut View Post
    So did the dot com speculators in the 90's and the savings and loans in the 80's. In a couple of years we will be talking about the bubble in US treasuries as the reason why the economy gets whacked. Blaming a president for speculative bubbles is in my view partisan nonsense to avoid talking about the real problems facing our economy.
    Glass–Steagall Act(Banking Act of 1933) and whatever the law that sent millions of our jobs offshore is the crux of our problem now.
    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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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by washunut View Post
    So did the dot com speculators in the 90's and the savings and loans in the 80's. In a couple of years we will be talking about the bubble in US treasuries as the reason why the economy gets whacked. Blaming a president for speculative bubbles is in my view partisan nonsense to avoid talking about the real problems facing our economy.
    The S&L crisis of the '80's and this one are all related to degregulation and both Bush presidencies were in power when they happened. Kind of a father son act.


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

    Quote Originally Posted by pbrauer View Post
    The S&L crisis of the '80's and this one are all related to degregulation and both Bush presidencies were in power when they happened. Kind of a father son act.

    Sadly, the Glass–Steagall Act was signed into law by President Clinton.A major FU.
    Last edited by Donc; 08-26-10 at 01:17 AM.
    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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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by pbrauer View Post
    The S&L crisis of the '80's and this one are all related to degregulation and both Bush presidencies were in power when they happened. Kind of a father son act.
    Can you point to the deregulation that the second Bush enacted in the financial sector. Ot is this just a soundbite you heard somewhere.

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

    Quote Originally Posted by washunut View Post
    Can you point to the deregulation that the second Bush enacted in the financial sector. Ot is this just a soundbite you heard somewhere.
    It was actually signed into law by President Clinton, but legislation was crafted by three conservative Republicans.

    Gramm–Leach–Bliley Act


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

    Quote Originally Posted by washunut View Post
    Can you point to the deregulation that the second Bush enacted in the financial sector. Ot is this just a soundbite you heard somewhere.
    The problem with regulation is that the major players are now global. I’m not saying that there shouldn’t be regulation it’s that it has to be brought up to the twenty first century
    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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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by pbrauer View Post
    It was actually signed into law by President Clinton, but legislation was crafted by three conservative Republicans.

    Gramm–Leach–Bliley Act
    So wouldn't you agree it is a bit harsh to blame Bush for something Clinton and his advisors signed up for.

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

    Quote Originally Posted by donc View Post
    The problem with regulation is that the major players are now global. I’m not saying that there shouldn’t be regulation it’s that it has to be brought up to the twenty first century
    Again it is easy to blame Bush for everything. But what deregulation did he put in place?

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

    Quote Originally Posted by pbrauer View Post
    More garbage, th Excel spreadsheet breaks out earners by percentages and as I noted that crap and is meant to mislead. There must be dozens of reasons that revenue climbs, but the most striking one is that more people file income tax returns every year. Look it up.
    Exactly!! That is why income tax revenues went up, more taxpayers and in this case more taxpayers in the uppor classes due to incentive to grow income. Tax cuts always provide incentive and that appears to be something that liberals just don't understand. Right now there are 16 million unemployed Americans paying little in income taxes. The job should be to get them back to work and "your" President isn't doing that.

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