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Thread: Obama Signs Bill To Extend Bush Tax Cuts

  1. #111
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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Conservative View Post
    My next response will be to yours or anyone that addresses the thread topic. The topic of equal rights is in the Constitution and if you have a problem with it and don't believe in equal opportunity then that is a savings to the taxpayer as we can now eliminate the Equal Opportunity Commission. Guess that wasn't established because of the Constitutional requirements of equal rights.

    I am still waiting for you to explain why Obama ran three years against the Bush tax cuts, claimed they all went to the rich, and now signed an extention claiming that it was good for ALL Americans meaning that the middle class did indeed get a tax cut.
    The supposed guaranty of equal opportunity is NOT in my copy of the Constitution. I cannot find it anywhere. Please be good enough to back up the claim with the actual part of the Constitution with this language.

    And I already answered your question very early in the game. Yes, Obama ran saying we should not give the rich any more tax cuts. And yes he signed an extension of them. And he clearly said he thought they were a bad idea but he had no choice but to take them as a part of a larger package which he thought was good on balance. He was taking a rather mature and statesman approach and compromising.

    “I’m not willing to let working families across this country become collateral damage for political warfare here in Washington,” Obama said in a statement. “Sympathetic as I am to those who prefer a fight over compromise, as much as the political wisdom may dictate fighting over solving problems, it would be the wrong thing to do.”
    What is your problem in understanding that?

    and more for you

    http://www.bloomberg.com/news/2010-1...extension.html

    Obama said he made the compromise to break the stalemate over taxes to ensure rates don’t rise for middle-income Americans when the current ones, enacted in 2001 and 2003, expire on Dec. 31. He said that while he still believes the nation can’t afford to permanently extend the reduced top tax rates, raising taxes for the rest of taxpayers would damage the fragile economic recovery.

    Without the deal, middle-income families would become “collateral damage for political warfare here in Washington,” Obama said in televised remarks yesterday. He criticized Republicans for insisting on permanent tax cuts for the wealthiest Americans “regardless of the cost of impact on the deficit.”
    Last edited by haymarket; 12-22-10 at 06:44 PM.
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  2. #112
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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by haymarket View Post
    The supposed guaranty of equal opportunity is NOT in my copy of the Constitution. I cannot find it anywhere. Please be good enough to back up the claim with the actual part of the Constitution with this language.

    And I already answered your question very early in the game. Yes, Obama ran saying we should not give the rich any more tax cuts. And yes he signed an extension of them. And he clearly said he thought they were a bad idea but he had no choice but to take them as a part of a larger package which he thought was good on balance. He was taking a rather mature and statesman approach and compromising.



    What is your problem in understanding that?

    and more for you

    Obama Confronts Resistence From Democrats Over Deal to Adopt Bush Tax Cuts - Bloomberg
    What tax cut for the middle class? Thought the Bush tax cuts only benefited the rich? Seems like you have a very short memory. By the way, Equal rights guarantee equal opportunity.

    Interesting that you and others now support cuts in SS but only because Obama proposed them?

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Conservative View Post
    Bush lost the 2006 midterms because of Iraq, not the economy. here are the economic results. The economy went south in 2008 with Democrats in control of the legislation. So yes, the Bush tax cuts worked until the financial meltdown.

    BEA links GDP and Receipts/Expense
    U.S. Department of Commerce. Bureau of Economic Analysis

    GDP by year

    2000 9951.50
    2001 10286.20
    2002 10642.30
    2003 11142.10
    2004 11867.80
    2005 12638.40
    2006 13398.90
    2007 14077.60
    2008 14441.40
    2009 14256.30

    As for the 2010 elections, you continue to be in denial and obviously haven't paid any attention to the exit polls.
    GDP figures are great! Shows the country actually did make money by selling more products or providing more services from one year to the next. But that DOES NOT show that individual income for wage earners increased from year to year. So, if you can provide statistics on that from 2001-2008 I'd be interested. Otherwise, all you've really shown is we sold more durable goods from year-to-year and that could simply mean the U.S sold more fighter planes or commercial aircraft. Granted, I'm being sarcastic; it would require the sale of alot of aircraft to move the numbers, but my point is you really haven't proven anything concrete here.

  4. #114
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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Objective Voice View Post
    GDP figures are great! Shows the country actually did make money by selling more products or providing more services from one year to the next. But that DOES NOT show that individual income for wage earners increased from year to year. So, if you can provide statistics on that from 2001-2008 I'd be interested. Otherwise, all you've really shown is we sold more durable goods from year-to-year and that could simply mean the U.S sold more fighter planes or commercial aircraft. Granted, I'm being sarcastic; it would require the sale of alot of aircraft to move the numbers, but my point is you really haven't proven anything concrete here.
    You can get that information from BLS or the U.S. Census, doubt however that it will make any difference in your opinion. GW Bush didn't lose in the 2006 elections because of the economy, he lost because of the war.

    As for the thread topic, Obama spent almost 3 years claiming that the Bush tax cuts only benefited the rich, now he has changed his tune and signed the extension. His economic results showed that he had no choice in doing just that.

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    from Conservative

    By the way, Equal rights guarantee equal opportunity.
    Changing the claim again are we. Sorry but this is not some algebraic formula where A = B.

    Allow me to quote from a truly great film - THE DEERHUNTER.

    "This is this. This isn't something else. This is this."

    So where in the Constitution is a guaranty of equal opportunity. Its not in my copy.

    What tax cut for the middle class? Thought the Bush tax cuts only benefited the rich? Seems like you have a very short memory.
    I urge you to look up the provisions of the 2001 and 2003 tax cuts since you seem unaware of their exact language. Either that or you are playing some sort of game here and I do not get it at all since you are not being clear.

    I would offer you a shovel but you seem to be doing a wonderful job of digging ever deeper with each post.
    Last edited by haymarket; 12-22-10 at 07:12 PM.
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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by haymarket View Post
    from Conservative



    Changing the claim again are we. Sorry but this is not some algebraic formula where A = B.

    Allow me to quote from a truly great film - THE DEERHUNTER.

    "This is this. This isn't something else. This is this."

    So where in the Constitution is a guaranty of equal opportunity. Its not in my copy.



    I urge you to look up the provisions of the 2001 and 2003 tax cuts since you seem unaware of their exact language. Either that or you are playing some sort of game here and I do not get it at all since you are not being clear.
    Actually you need to provide the details of the Bush tax cuts to the Democrat Party that for 8 years claimed they were for the rich. I have posted the Bush tax cut details but of course you ignored those. How about explaining to me how the Bush tax cuts hurt the middle class when 47% of the income earners aren't paying any Federal Income taxes. Equal rights = Equal opportunity. You feel like you have been denied equal opportunity and can prove it, you are going to be quite wealthy.

    Bush Tax cuts
    Between 2001 and 2003, the Bush administration instituted a federal tax cut for all taxpayers. Among other changes, the lowest income tax rate was lowered from 15% to 10%, the 27% rate went to 25%, the 30% rate went to 28%, the 35% rate went to 33%, and the top marginal tax rate went from 39.6% to 35%.[3] In addition, the child tax credit went from $500 to $1000, and the "marriage penalty" was reduced. Since the cuts were implemented as part of the annual congressional budget resolution, which protected the bill from filibusters, numerous amendments, and more than 20 hours of debate, it had to include a sunset clause. Unless congress passes legislation making the tax cuts permanent, they will expire in 2011.

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Conservative

    So I take it you surrender on your claim that the Constitution guarantees equal opportunity to all Americans?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by haymarket View Post
    Conservative

    So I take it you surrender on your claim that the Constitution guarantees equal opportunity to all Americans?
    You can take it any way you want but equal rights means equal opportunity. Take the issue up with the EEOC.

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Conservative View Post
    You can take it any way you want but equal rights means equal opportunity. Take the issue up with the EEOC.
    The EEOC does not post here. You do.

    The EEOC does not make boasts and claims here that it cannot back up. You do.

    The EEOC does not tell us that this is really something else even though it is not. You do.

    But by all means, you shovel has some miles left in it so keep on digging.

    We all make mistakes, myself included. Its no big deal top admit one.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by haymarket View Post
    The EEOC does not post here. You do.

    The EEOC does not make boasts and claims here that it cannot back up. You do.

    The EEOC does not tell us that this is really something else even though it is not. You do.

    But by all means, you shovel has some miles left in it so keep on digging.

    We all make mistakes, myself included. Its no big deal top admit one.
    Equal rights=equal opportunity, sorry

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