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

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

Sounds to me like you live in the wrong country. How does someone getting wealthy hurt the middle class?

Bullet point number 4 doesn't mean a thing to me as I really don't care. We live in the greatest country on the face of the earth that allows people to become all they can be and you seem to want to decide how much someone else should make. Just think of how great it would be if you focused on being the best you could be and millions of others did the same thing. Too bad you are consumed by class envy. It isn't the government's responsibility to determine winners and losers.

I still don't see an answer to my question, what do you think the fair share is that the rich should pay? Noticed that you ignored the article I posted showing what the rich actually pay and how much it went up during the Bush term. Wonder why? Amazing how easily some people are brainwashed.

The last 16 major tennis tournaments in the world had 128 Men fighting for each crown and another 64 or so who tried to qualify and several hundred others who wanted to be there yet only 4 men won those 16 titles and most of them were won by only two men.

We must change the rules to make things more FAIR!!!
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

How are poll numbers relevant to the GOP voting down their own ideas?

What ideas did the GOP vote down? GOP hasn't been able to stop anything the last two years and they haven't controlled the legislative process for 4 years. This is a Center Right country whether you like it or not and Pelosi/Reid/Obama are implementing a far left agenda.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Tax Cuts: The B.S. and the Facts | Economy | AlterNet

The Three Great Tax Cuts: Boom, Bubble, Crash

1. Hoover

During World War I, the top marginal tax rate went up to 73 percent -- not the highest ever, but pretty high.

In 1922, a series of rate cuts began. Down to 56 percent, 46 percent, and finally, in 1925, it went down to 25 percent.

The stock market took off. There was a boom. But the boom was a bubble.

It was followed by the Great Crash of 1929.

There were bank failures and the Great Depression.

2. Reagan

From Franklin Roosevelt's second term all the way through to Jimmy Carter -- from 1936 until 1982 -- the top rate was in the 70 to 92 percent range.

Then along came Reagan in 1981. In 1982, he cut that down to 50 percent.

The economy went into "the worst recession since the Great Depression."

His supporters argued that it was all Carter's fault and that the new policies would take time to work. The tax cuts stayed in place. In 1987, there was another round of tax cuts. They took the top rate down to 38.5 percent. It would stimulate the economy!

There was a boom. But it was a bubble.

Then, in October 1987, there was a crash -- the worst since '29. It was called Black Monday.

Much of the bubble money had gone into -- ohmigod! -- real estate.

Suddenly there were bank failures! More than during the Great Depression. There was a Savings & Loan crisis! There had to be a bailout.

3. Bush II

George Bush came into office with the healthiest, post powerful economy in American history.

He immediately cut taxes. The top marginal rate went down from 39 percent to 35 percent. He also cut capital gains taxes and inheritance taxes. A recession immediately ensued. But he persisted.

Eventually, the economy began to grow.

Employment didn't grow very much. Median income went down. The stock market was pretty flat. But the financial sector -- and only the sector -- grew.

Which should have made it obvious to someone, that it was … a bubble.

There was a crash.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Conservative
How does someone getting wealthy hurt the middle class?

The top 10 percent earn 50 percent of our national income and they are also also the only ones that have managed to keep their heads above water. Well... you connect the dots.To me it shows that the dough is migrating north. :2wave:

The rest of your post was/is meaningless obtuse drivel.…are your reading comprehension has took a dive.





I still don't see an answer to my question, what do you think the fair share is that the rich should pay?


Here is a ballpark figure, it worked for President Clinton. <36 percent and 39.6 income tax rates for individuals in the top 1.2% of the wage earners.>
 
Re: Dem vs Rep Tax Cut Plan in Graph form!


I lived and worked during the Reagan years and benefited greatly as did millions. His record is there for all to see, BEA.gov, BLS.gov, and the U.S. Treasury websites have information for you. I am still waiting for an answer, what is the rich's fair share of the tax burden and do you believe that 47% of the people should pay no income taxes?

I really don't care about what you posted here as it is irrelevant. Actual results matter a lot more.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

The top 10 percent earn 50 percent of our national income and they are also also the only ones that have managed to keep their heads above water. Well... you connect the dots.To me it shows that the dough is migrating north. :2wave:

The rest of your post was/is meaningless obtuse drivel.…are your reading comprehension has took a dive.


Here is a ballpark figure, it worked for President Clinton. <36 percent and 39.6 income tax rates for individuals in the top 1.2% of the wage earners.>

It worked for whom? the dot.com industry? Today we have a 3.8 trillion dollar budget compared to what the Republicans made Clinton sign. Clinton never balanced a budget with that tax rate and there is no evidence that the Democrats will ever cut spending regardless of what the tax rates are. There is more value to the American people keeping what they earn vs. giving it to the govt. to be wasted. It is the people's money first thus no tax cut has to be paid for. I am still waiting for you to explain to me how Federal income tax revenues went up AFTER the Reagan and Bush tax rate cuts.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

The top 10 percent earn 50 percent of our national income and they are also also the only ones that have managed to keep their heads above water. Well... you connect the dots.To me it shows that the dough is migrating north. :2wave:

The rest of your post was/is meaningless obtuse drivel.…are your reading comprehension has took a dive.







Here is a ballpark figure, it worked for President Clinton. <36 percent and 39.6 income tax rates for individuals in the top 1.2% of the wage earners.>

2 men have won more major tennis titles than the 20 million other tennis players combined over the last 5 years

so what is the problem? the other competitors need to get stronger, we don't need to hamstring Nadal and Federer


why should someone who already pays far more in taxes than he already uses get to keep less of his next dollar than someone who is a net drain on the public treasury.

the problem with a progressive income tax is that those who vote for the big spenders don't suffer any tax increases and thus have no incentive to reign in the idiotic spending of politicians who buy their votes by promising them goodies paid for by an industrious minority of net tax payers
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Conservative

It worked for whom? the dot.com industry?

Today we have a 3.8 trillion dollar budget compared to what the Republicans made Clinton sign.

What a hoot your are conservative. The above sentence has you bitching about” a 3.8 trillion dollar budget “ and at the sentence below your whining about paying the budget off. :lol:

There is more value to the American people keeping what they earn vs. giving it to the govt. to be wasted.

It is the people's money first thus no tax cut has to be paid for.

Sure it’s the “people’s money”. Why not pay the debt down and USE THE “people’s money” that had the use of it for the last ten years and evidently made most of it? :2wave:
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

TurtleDude

2 men have won more major tennis titles than the 20 million other tennis players combined over the last 5 years

so what is the problem? the other competitors need to get stronger, we don't need to hamstring Nadal and Federer

Aaaaw.. Isn’t that nice, two strawmen he even named them “Nadal and Federer” and
its not even Halloween. :mrgreen:



why should someone who already pays far more in taxes than he already uses get to keep less of his next dollar than someone who is a net drain on the public treasury.

the problem with a progressive income tax is that those who vote for the big spenders don't suffer any tax increases and thus have no incentive to reign in the idiotic spending of politicians who buy their votes by promising them goodies paid for by an industrious minority of net tax payers.


How about getting the economy back in shape(with the sunset dough ) and make it possible for the "net drain", as you call American Citizens:( a shot at a decent paying job. Much like they had before reagainomics kicked in.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

It worked for whom? the dot.com industry? Today we have a 3.8 trillion dollar budget compared to what the Republicans made Clinton sign. Clinton never balanced a budget with that tax rate and there is no evidence that the Democrats will ever cut spending regardless of what the tax rates are. There is more value to the American people keeping what they earn vs. giving it to the govt. to be wasted. It is the people's money first thus no tax cut has to be paid for. I am still waiting for you to explain to me how Federal income tax revenues went up AFTER the Reagan and Bush tax rate cuts.

As they say, elections have consequences. In 2008 the country decided to go in a direction that led to an explosion of government spending. People have to pay for it. I think it is a losing arguement for Republicans to argue this point. Putting fairness aside, any politician would like to be on the side that gives something to 95% of the people and perhaps screwing the other 5%. Who wants to be on the other side of that arguement?

There is no debate that the deficit has to come down. In all likelihood this is not the end of the soak the rich mentality. Many states are raising their tax rates on the higher incomes, don't forget the 3.8% surcharge on capital gains that starts I think in 2013 from the HC bill.

Time will tell if this is good or bad for the country. I can tell you I recently retired. Although I made a pretty good income, it just stopped being worth it after all the taxes along with the stress that comes with a higher paying job.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

What a hoot your are conservative. The above sentence has you bitching about” a 3.8 trillion dollar budget “ and at the sentence below your whining about paying the budget off. :lol:





Sure it’s the “people’s money”. Why not pay the debt down and USE THE “people’s money” that had the use of it for the last ten years and evidently made most of it? :2wave:

It wasn't the people's money that caused the debt it was the spending of that money most of which was "in the name of compassion" yet never getting compassionate results.

You keep spouting liberal talking points but never address actual facts presented. Explain to me how tax revenue went up AFTER the Reagan and Bush tax rate cuts and then how tax cuts allowing people to keep more of what they earn hurts the economy and causes deficits?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Aaaaw.. Isn’t that nice, two strawmen he even named them “Nadal and Federer” and
its not even Halloween. :mrgreen:






How about getting the economy back in shape(with the sunset dough ) and make it possible for the "net drain", as you call American Citizens:( a shot at a decent paying job. Much like they had before reagainomics kicked in.

its idiotic to think an administration that gains its power by buying the votes of those not being hit with higher taxes would ever use higher taxes to actually reduce the deficit rather than buying votes

if those who vote in people like Obama never suffer higher taxes (or less welfare payments) as a consequence of reckless government spending, there will never be anything done to stop said spending.

people get good paying jobs when they have the tools to compete globally. Liberal policies have sapped the desire of people to gain good educations it seems
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

As they say, elections have consequences. In 2008 the country decided to go in a direction that led to an explosion of government spending. People have to pay for it. I think it is a losing arguement for Republicans to argue this point. Putting fairness aside, any politician would like to be on the side that gives something to 95% of the people and perhaps screwing the other 5%. Who wants to be on the other side of that arguement?

There is no debate that the deficit has to come down. In all likelihood this is not the end of the soak the rich mentality. Many states are raising their tax rates on the higher incomes, don't forget the 3.8% surcharge on capital gains that starts I think in 2013 from the HC bill.

Time will tell if this is good or bad for the country. I can tell you I recently retired. Although I made a pretty good income, it just stopped being worth it after all the taxes along with the stress that comes with a higher paying job.

You are going to enjoy retirement, I retired 6 years ago and am having a ball.

It really is a shame to see the direction this country is headed. You and I lived and worked through some very difficult and some very rewarding times. I believe both of us grew up learning personal responsibility something that seems to be lost today. Today there are no consequences for failure and in fact seems to be rewards for failure.

Growing up there was always class envy but it sure seems a lot worse today. Civics, History, and economics seems to be subjects that aren't taught in schools any more or if they are taught, the lessons there aren't being retained. No one seems to understand the basic role of govt. and their true responsibilities. Anytime someone doesn't have concerns about someone else paying their bills we have a serious problem.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

You are going to enjoy retirement, I retired 6 years ago and am having a ball.

It really is a shame to see the direction this country is headed. You and I lived and worked through some very difficult and some very rewarding times. I believe both of us grew up learning personal responsibility something that seems to be lost today. Today there are no consequences for failure and in fact seems to be rewards for failure.

Growing up there was always class envy but it sure seems a lot worse today. Civics, History, and economics seems to be subjects that aren't taught in schools any more or if they are taught, the lessons there aren't being retained. No one seems to understand the basic role of govt. and their true responsibilities. Anytime someone doesn't have concerns about someone else paying their bills we have a serious problem.

you are correct

my late father who was a child in the depression, served in WWII and started as the night foreman in the factory he ended up as CEO of noted the following

HE said son, when I was a boy if a working man and his son were walking to town and a man in a cadillac passed them on the road, the father would say to his son "boy, if you get a good education and stay in school one day you will be driving me to town in your own cadillac.

now what happens is the man will tell his son that its unfair that they have to walk while the other man not only is able to afford a car but an expensive one and the government ought to do something about that and make the driver buy them a car
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Conservative

It wasn't the people's money that caused the debt it was the spending of that money most of which was "in the name of compassion" yet never getting compassionate results.


You’re partially right; it was irresponsible spending, (two wars, one needless) compounded by two tax-cuts that got us in this bind. Kinda sounds like something the mad hatter would cook up doesn’t it? :shock:

Explain to me how tax revenue went up AFTER the Reagan and Bush tax rate cuts and then how tax cuts allowing people to keep more of what they earn hurts the economy and causes deficits?


That’s been explained to you in a previous thread.Take your meds that might help you remember it.:2wave:
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

You’re partially right; it was irresponsible spending, (two wars, one needless) compounded by two tax-cuts that got us in this bind. Kinda sounds like something the mad hatter would cook up doesn’t it? :shock:




That’s been explained to you in a previous thread.Take your meds that might help you remember it.:2wave:

LOL, tell that to the CBO that you and others seem to love. They posted a chart on the cost of the Iraq War and compared that to the Obama stimulus. Bet you cannot guess the answer as to which one cost a lot more? By the way, Obama has added 3 trillion to the debt in 2 years. How much of that was due to the Wars?

http://www.foxnews.com/politics/2010/08/30/cbo-years-iraq-war-cost-stimulus-act/

As for explaining anything, you are hardly someone to be taken seriously. Facts simply get in the way of your liberal rhetoric. Are you sending your Bush tax cuts back from each paycheck or are you one of the 47% that don't pay any Federal Income Taxes?
 
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Re: Dem vs Rep Tax Cut Plan in Graph form!

TurtleDude

its idiotic to think an administration that gains its power by buying the votes of those not being hit with higher taxes would ever use higher taxes to actually reduce the deficit rather than buying votes

The strawman you built so you can pounce on don’t deserve a response. Will only say this, check the previous Democratic administrations and get back to me.

if those who vote in people like Obama never suffer higher taxes (or less welfare payments) as a consequence of reckless government spending, there will never be anything done to stop said spending.

See above.

people get good paying jobs when they have the tools to compete globally.

Yea, yea,the old pull yourself up by your boot straps, to people that cant afford to buy shoes eh?
Liberal policies have sapped the desire of people to gain good educations it seems


More beckerman bs.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

LOL, tell that to the CBO that you and others seem to love. They posted a chart on the cost of the Iraq War and compared that to the Obama stimulus. Bet you cannot guess the answer as to which one cost a lot more? By the way, Obama has added 3 trillion to the debt in 2 years. How much of that was due to the Wars?

FOXNews.com - CBO: Eight Years of Iraq War Cost Less Than Stimulus Act

PolitiFact | Did the stimulus cost more than the war in Iraq?

rulings%2Ftom-barelytrue.gif
 
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Re: Dem vs Rep Tax Cut Plan in Graph form!

Tell that to the CBO that you put a lot of faith in but apparently only when they come up with numbers that you want to believe. Oh, by the way, wasn't the stimulus plan supposed to be for shovel ready jobs and to put people back to work, not be extended through 2019

Where does the CBO show the cost of the massive injuries that resulted in the Iraq war?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

LOL, tell that to the CBO that you and others seem to love. They posted a chart on the cost of the Iraq War and compared that to the Obama stimulus. Bet you cannot guess the answer as to which one cost a lot more? By the way, Obama has added 3 trillion to the debt in 2 years. How much of that was due to the Wars?

FOXNews.com - CBO: Eight Years of Iraq War Cost Less Than Stimulus Act

As for explaining anything, you are hardly someone to be taken seriously. Facts simply get in the way of your liberal rhetoric. Are you sending your Bush tax cuts back from each paycheck or are you one of the 47% that don't pay any Federal Income Taxes?

Nice try at diverting from the thread topic, which is "GOP plan to extend tax cuts for rich adds $36 billion".With a hardy “LOL” at the loss of 4700 of Americas finest, over thirty thousand maimed and up to three hundred thousand Iraq civilians killed. :shock:
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

Where does the CBO show the cost of the massive injuries that resulted in the Iraq war?

You always point to CBO data and now there is data that you don't agree with so you attack it. The problem you don't seem to understand is that the Stimulus plan was supposed to be for shovel ready jobs and was supposed to keep unemployment from exceeding 8%. It had to be passed immediately withouth even reading it just like all other Obama legislation. Obama was wrong about the stimulus just like he has been wrong about everything else and the facts support that claim.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

how does a tax cut cost anything. Why do socialists believe that all money belongs to the government and a tax cut is the same as government spending or a handout

Sorry mom I cannot save for college because that saving costs me too much money?
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

You always point to CBO data and now there is data that you don't agree with so you attack it.
My point was that the CBO numbers doesn't reflect the true cost of the Iraq war - they cover the military cost only. However, there are other costs, for example the thousands of Vets with life changing injuries that must be considered as well. The have been esimates that true cost of the war will approach $3 trillion.
 
Re: Dem vs Rep Tax Cut Plan in Graph form!

My point was that the CBO numbers doesn't reflect the true cost of the Iraq war - they cover the military cost only. However, there are other costs, for example the thousands of Vets with life changing injuries that must be considered as well. The have been esimates that true cost of the war will approach $3 trillion.

Nor does the CBO reflect the true cost of the Stimulus program due to very poor unemployment and very low economic growth. War is hell, my family members can tell you about it but the reality is 9/11 cost this country over a trillion dollars. Nothing is going to change your mind regarding the war in Iraq and I am not going to relive that war. The fact is Obama is in charge and has taken the Bush program in Iraq and imitated it in Afghanistan including the same cast of characters. Where is your outrage?
 
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