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

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

    Quote Originally Posted by pbrauer View Post
    Bush isn't in office and all Obama has done is put Bush spending on steroids. Now are you going to explain where the 36 billion is going to come from when the Rich get soaked again, you know those evil rich people who actually run businesses and employ people? I cannot believe you continue to buy what you are told from this Administration, oh, wait, yes I do.

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

    Conservative;1058965217]How much help is this Administration doing putting 16 million Americans back to work? Stop buying the BS and answer the question, what guarantee do you have that 36 billion dollars will go to the govt. by letting the Bush tax cuts expire?

    More money means more jobs, and more jobs means more people paying taxes, especially since the Reps are blocking the money from the stimulus package. Our infrastructure is crumbling and you keep protecting your rich buddies. I'm still wondering what you're gong to get out of it. There must be some kind of a pay off, otherwise why are you so dedicated?

    If you want to talk patriotism why don't you talk to the 47% of the workers who don't pay any Federal Income taxes? You instead want to go after the top 2% that pay the most. That says a lot about you and anyone else that supports this folly.

    I repeat, the rich can afford higher taxes. The rest of the people are still struggling to keep their houses and feed their families.

    ricksfolly

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

    Quote Originally Posted by Conservative View Post
    Why do they need a tax cut shouldn't be the issue in a free enterprise economy? The fact that you would ask the question says a lot about you almost as much as diverting from the question I asked you.

    Where is the guarantee? What do people do when they get to keep more of what they earn? Your take home pay goes up and what do you do with the money? The rich are no different, they spend it, save it, invest it, or pay down debt all positively affecting the economy just like you and the millions of others in this country do with their personal income.
    Alright, so if both sides of the economic divide do the same thing with their tax savings, explain to me why it is that much more important that the largest portion of those tax cuts must go to the wealthiest Americans rather than the largest percentage of the working population? Seems to me the combined purchasing power of 89* million people who make up the working/middle-class can have a much greater affect on improving our nation's economy - and faster mind you - than the 1.29* million people who make up the total number of Americans who make +$250K/annually.

    *Numbers pulled from 2007 U.S. Census data contain under, "Money Income of People--Number by Income Level and by Sex, Race, and Hispanic Origin: 2007," which is the latest data available for this category on the U.S. Census Bureau's website (Census Bureau Home Page)

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

    Quote Originally Posted by Goldenboy219 View Post
    Arbitrarily chanting supply side without even a most basic understanding discredits your entire argument. Then you go off and recreate definitions (a sign that you cannot keep up with the conversation) e.g. "the multiplier effect is the American consumer keeping more of what they earn". Of course, Keynes identified various tax break style stimulus in the 30's, but the "effectiveness" (pun intended) is dependent upon ones marginal propensity to consume domestic goods, e.g. the percentage of ones income that is spent on domestic goods/services.

    If tax cuts are saved rather than spent (which coincides with the evidence), the multiplier is marginal. Given the state of interest rates, inflationary expectations, consumer deleveraging, unemployment, etc..., supply side remedies are simply unnecessary. It worked in the 1980's because of the high rate of inflation during that time.

    If you have any questions regarding supply side economics, do not hesitate to ask
    why do you call yourself a libertarian?



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

    Quote Originally Posted by Objective Voice View Post
    Alright, so if both sides of the economic divide do the same thing with their tax savings, explain to me why it is that much more important that the largest portion of those tax cuts must go to the wealthiest Americans rather than the largest percentage of the working population? Seems to me the combined purchasing power of 89* million people who make up the working/middle-class can have a much greater affect on improving our nation's economy - and faster mind you - than the 1.29* million people who make up the total number of Americans who make +$250K/annually.

    *Numbers pulled from 2007 U.S. Census data contain under, "Money Income of People--Number by Income Level and by Sex, Race, and Hispanic Origin: 2007," which is the latest data available for this category on the U.S. Census Bureau's website (Census Bureau Home Page)
    because that large population doesn't pay that much in taxes and the economy is driven by those in the 200K to 1Million or so in income

    and those targeted for soaking already pay far too much in taxes. To stop the idiotic spending by the government we have to make those who vote in the big spenders suffer for such spending



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

    Quote Originally Posted by ricksfolly View Post
    Conservative;1058965217]How much help is this Administration doing putting 16 million Americans back to work? Stop buying the BS and answer the question, what guarantee do you have that 36 billion dollars will go to the govt. by letting the Bush tax cuts expire?

    More money means more jobs, and more jobs means more people paying taxes, especially since the Reps are blocking the money from the stimulus package. Our infrastructure is crumbling and you keep protecting your rich buddies. I'm still wondering what you're gong to get out of it. There must be some kind of a pay off, otherwise why are you so dedicated?

    If you want to talk patriotism why don't you talk to the 47% of the workers who don't pay any Federal Income taxes? You instead want to go after the top 2% that pay the most. That says a lot about you and anyone else that supports this folly.

    I repeat, the rich can afford higher taxes. The rest of the people are still struggling to keep their houses and feed their families.

    ricksfolly
    You are kidding, right? What stimulus plan?Thought that was the 862 billion plan in February 2009? How did that work out for you? You want so badly to believe what Obama tells you that you are blinded by the rhetoric. Find out why the Republicans are blocking this 26 BILLION Dollar so called jobs bill and the let us know. You are going to be shocked if you ever did the research to verify the rhetoric.

    You claim that the rich can afford higher taxes yet ignore the 47% that don't pay any income taxes. You don't believe that any of that 47% can afford something in taxes? I ask you again what evidence do you have that letting the tax cuts expire for the 2% so called rich is going to generate 36 billion in revenue to the govt? Do you realize that many of those so called evil rich people are business owners that actually hire people? How does raising their taxes put people back to work?

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

    Quote Originally Posted by ricksfolly View Post
    Conservative;1058965217]How much help is this Administration doing putting 16 million Americans back to work? Stop buying the BS and answer the question, what guarantee do you have that 36 billion dollars will go to the govt. by letting the Bush tax cuts expire?

    More money means more jobs, and more jobs means more people paying taxes, especially since the Reps are blocking the money from the stimulus package. Our infrastructure is crumbling and you keep protecting your rich buddies. I'm still wondering what you're gong to get out of it. There must be some kind of a pay off, otherwise why are you so dedicated?

    If you want to talk patriotism why don't you talk to the 47% of the workers who don't pay any Federal Income taxes? You instead want to go after the top 2% that pay the most. That says a lot about you and anyone else that supports this folly.

    I repeat, the rich can afford higher taxes. The rest of the people are still struggling to keep their houses and feed their families.

    ricksfolly
    we tire of lets tax those who can afford it (whatever that means-should those targeted for soaking say pull their kids out of Harvard if the tax hikes mean that a 55K a year tuition is no longer reachable? you claim they can afford it by sending their kid to State U)

    we need to tax those who vote for the irresponsible spending politicians. The top 1% aren't those who do that-we don't have enough votes. As long as people like you demand socialist spending and demand people like me pay the freight, you will never want the government to reign in the idiotic spending. We need people like you to make do with less everytime you vote for a pelosi or an Obama



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

    Quote Originally Posted by ricksfolly View Post
    You're either a patriot that wants to help your country during trying times, or you're not. It's as simple as that.

    ricksfolly
    What horsepoop

    those hit with the tax hikes already give too much

    its time the 47% who get representation without taxation step to the plate and either pony up some bucks or stop voting for more taxes and spending



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

    Quote Originally Posted by Objective Voice View Post
    Alright, so if both sides of the economic divide do the same thing with their tax savings, explain to me why it is that much more important that the largest portion of those tax cuts must go to the wealthiest Americans rather than the largest percentage of the working population? Seems to me the combined purchasing power of 89* million people who make up the working/middle-class can have a much greater affect on improving our nation's economy - and faster mind you - than the 1.29* million people who make up the total number of Americans who make +$250K/annually.

    *Numbers pulled from 2007 U.S. Census data contain under, "Money Income of People--Number by Income Level and by Sex, Race, and Hispanic Origin: 2007," which is the latest data available for this category on the U.S. Census Bureau's website (Census Bureau Home Page)
    Turtle handled that quite well, the class envy is showing. Why do you care how much someone else pays in taxes? I am still waiting for an explanation as to why you believe expiration of the tax cuts for the rich will add 36 billion to the Treasury?

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

    Quote Originally Posted by randel View Post
    why do the rich need 36 billion more in tax cuts? i already know your whole spiel about 'keeping more of your own money' and 'class warfare' responses, so, why do they need them? what difference would a few extra dollars mean to them? and please avoid the above mentioned 'talking points' of yours....
    why do the libs always talk about need as it pertains to others

    a few more dollars? are you clueless

    someone making a million a year is going to easily pay over 100K more in taxes if half their income is in investments.



    one thing is sure-those who make the money NEED it more than greedy poltiicians who buy the votes of people such as you with promises that the government will give you what you want paid for by others

    you need to pay more taxes in order to disabuse you of thinking that the government should provide you more goodies and others should pay for it



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