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Thread: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by Conservative View Post
    Tax cuts don't cost the govt. anything. Do you think your tax cut is an expense to the govt?
    Do tax cuts add to the deficit during a recession? If so, then yes my tax cuts and yours are an expense to the government especially when revenues are down and we're borrowing money just to pay for most of them. Otherwise, no. It just depends on the state of the economy at the time such tax cuts are authorized.

    Now, to my original question...

    Quote Originally Posted by Objective Voice
    Does anyone know (or have an estimate) on how much the Bush tax cuts will cost for only the wealthiest 2 per cent of wage earners over the next 2-years?
    I think the reported estimate is somewhere around $60 million. Compare that to the estimated $56 million for one year of unemployment benefits. So, now my question is how many wealthy individuals stand to receive the $60M in tax cuts compared to the number of unemployed individuals who stand to receive $56M in unemployment benefits?

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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by Conservative View Post
    You don't seem to have a clue, tax cuts have nothing to do with the denial of benefits but keep making these things up. You think this is a winning issue? The election of 11-02 said differently. Still asking the same question, is your tax cut an expense to the govt? Allowing people to keep more of their own money isn't an expense. I cannot believe people who believe they are intelligent make statements to the contrary. Nothing has prevented the govt. from spending, spending, spending, and spending. We don't have a revenue problem, we have a spending problem.
    Thank you for your response.

    Next time please respond to the post I made and which you copied in your post. Nothing you said had anything to do with it in any way.
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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by Objective Voice View Post
    Do tax cuts add to the deficit during a recession? If so, then yes my tax cuts and yours are an expense to the government especially when revenues are down and we're borrowing money just to pay for most of them. Otherwise, no. It just depends on the state of the economy at the time such tax cuts are authorized.

    Now, to my original question...



    I think the reported estimate is somewhere around $60 million. Compare that to the estimated $56 million for one year of unemployment benefits. So, now my question is how many wealthy individuals stand to receive the $60M in tax cuts compared to the number of unemployed individuals who stand to receive $56M in unemployment benefits?
    Nope, tax cuts never are an expense to the Federal Govt. You are under the assumption that tax cuts reduce govt. revenue and regardless that isn't an expense. The fact is that people keeping more of what they earn means less affect of that recession on them. We don't have a revenue problem we have a spending problem.

    so the answer to your question remains, the tax cut didn't cost the govt. a dime.

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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by haymarket View Post
    Thank you for your response.

    Next time please respond to the post I made and which you copied in your post. Nothing you said had anything to do with it in any way.
    As long as you have the misconception that tax cuts are an expense to the Federal Govt(cost) then I am going to continue to respond the way I did. Tax cuts ARE NOT a cost to the Federal Govt. IF they reduce revenue so be it, that doesn't make it a cost. A cost is an expense item and has nothing to do with revenue. We don't have a revenue problem, we have a spending problem.

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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by haymarket View Post
    Congrats - you finally got something right for a change. Compared to the 911 responders, it aint *#@%.
    neither are you :-P

    Get your partisan head out of the sand, or where ever you've recently stuck it, and READ that list.

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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by Conservative View Post
    As long as you have the misconception that tax cuts are an expense to the Federal Govt(cost) then I am going to continue to respond the way I did. Tax cuts ARE NOT a cost to the Federal Govt. IF they reduce revenue so be it, that doesn't make it a cost. A cost is an expense item and has nothing to do with revenue. We don't have a revenue problem, we have a spending problem.
    And again you respond to something of your own creation instead of responding to what I wrote about your friends the Republicans in Congress opting to support tax hikes for the wealthy while pissing on the brave men and women who were first responders in the 911 attacks. First I said shame on them. Your rigid self imposed ideological blindness on this issue seems to include you in that shame as well.
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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by haymarket View Post
    And again you respond to something of your own creation instead of responding to what I wrote about your friends the Republicans in Congress opting to support tax hikes for the wealthy while pissing on the brave men and women who were first responders in the 911 attacks. First I said shame on them. Your rigid self imposed ideological blindness on this issue seems to include you in that shame as well.
    Did you read the bill or just respond out of what the media told you? Get back to me with the answer. Tax cuts have nothing to do with the decision to spend in this or any other Congress. Trying to tie the two together like you have is disingenuous and nothing more than a diversion. Supporting tax cuts for anyone and spending are two separate issues. Tax cuts don't have to be paid for but spending does.

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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by Conservative View Post
    Did you read the bill or just respond out of what the media told you? Get back to me with the answer. Tax cuts have nothing to do with the decision to spend in this or any other Congress. Trying to tie the two together like you have is disingenuous and nothing more than a diversion. Supporting tax cuts for anyone and spending are two separate issues. Tax cuts don't have to be paid for but spending does.
    All by itself, without considering anything else before the Congress, the refusal of the GOP to pass the bill spending $7 billion to help the families of the dead and the current living responders who are seriously ill is disgraceful, shameful and merits only the greatest contempt. All by itself.

    But in a real world it is not all by itself.

    When you then couple that with the GOP embrace of the wealthy and their desire continue applying oral massage to the rear end of the wealthiest in this land, it is doubly disgraceful, doubly shameful and even more contemptible.
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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by JohnWOlin View Post
    Of course. It will never be enough for them.
    It's called bi-patisanship.
    Both sides hate the bill.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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    Re: Two Major Conservative Obstacles Emerge To Tax Cut Compromise

    Quote Originally Posted by haymarket View Post
    All by itself, without considering anything else before the Congress, the refusal of the GOP to pass the bill spending $7 billion to help the families of the dead and the current living responders who are seriously ill is disgraceful, shameful and merits only the greatest contempt. All by itself.

    But in a real world it is not all by itself.

    When you then couple that with the GOP embrace of the wealthy and their desire continue applying oral massage to the rear end of the wealthiest in this land, it is doubly disgraceful, doubly shameful and even more contemptible.
    If the bill included a provision to make Obama president for life, and the GOP blocked it, would you feel the same way? That blocking it is 'disgraceful, shameful and merits only the greatest contempt'?

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