View Poll Results: Is it raising taxes

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  • Yes it is, explain

    12 40.00%
  • No it isn't, explain

    14 46.67%
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    4 13.33%
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Thread: Is allowing a temporary tax cut to expire raising taxes

  1. #21
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by ReverendHellh0und View Post
    Then by the same logic, taxes were never lowered either then.



    I think that this is miniscule compared to the housing loans, NINJA loans, and the crash of the markets.
    So let's use leftwing thinking to demonstrate that the Reagan tax cuts were really temporary (though called permanent) because Clinton raised them, which means his tax increase really weren't a tax increase.

    Omnibus Budget Reconciliation Act of 1993 - Wikipedia, the free encyclopedia
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    Re: Is allowing a temporary tax cut to expire raising taxes

    [QUOTE=whysoserious;1060021467]
    Quote Originally Posted by ReverendHellh0und View Post
    Then by the same logic, taxes were never lowered either then.

    Well, they were temporarily lowered. If Bush had temporarily raised taxes, and Obama let them lapse, do you think anyone would be here cheering Obama saying he lowered taxes?


    Possibly. I've read that it may not be a great idea to end them, but I am always open to other suggestion.
    I would .
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  3. #23
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by American View Post
    So let's use leftwing thinking to demonstrate that the Reagan tax cuts were really temporary (though called permanent) because Clinton raised them, which means his tax increase really weren't a tax increase.

    Omnibus Budget Reconciliation Act of 1993 - Wikipedia, the free encyclopedia
    Yeah, that makes no sense...just like the argument that a temporary tax cut is really a permanant tax cut. Clinton cut and rasied taxes, Reagan did as well. None of them had Sunset provisions because neither of them were trying to bypass the Byrd Rule to pass something.
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by whysoserious View Post
    Well, they were temporarily lowered. If Bush had temporarily raised taxes, and Obama let them lapse, do you think anyone would be here cheering Obama saying he lowered taxes?

    If he supported making them permanent, in opposition to those who wanted to make them permanent, I would surely cheer that he indeed "lowered taxes" if by ommision.





    Possibly. I've read that it may not be a great idea to end them, but I am always open to other suggestion.

    I would support going back to clinton era taxes, as long as we returned to inflation adjusted clinton level spending.
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by iliveonramen View Post
    Yeah, that makes no sense...just like the argument that a temporary tax cut is really a permanant tax cut. Clinton cut and rasied taxes, Reagan did as well. None of them had Sunset provisions because neither of them were trying to bypass the Byrd Rule to pass something.
    How long has this temporary tax cut been in effect?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by Zyphlin View Post
    Thank you for the wonderfully one sided partisan input that ignores there are people on the left that claimed that letting the Bush Tax Cuts expire wasn't raising taxes but claiming the Republicans were in favor of a tax hike by voting against extending the pay roll tax cut.
    I never claimed to be nonpartisan. I clearly said "according to the GOP." I was talking about the Republican leadership only.
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    Re: Is allowing a temporary tax cut to expire raising taxes

    The answer is yes...and no. Yes, those that received the tax cut will have an effective tax increase. However, because the tax was not permanent and was previously established, it isn't really a tax increase. Both answer are correct really.
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  8. #28
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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by American View Post
    How long has this temporary tax cut been in effect?
    Does the length of time matter? As long as someone has to continue to extend it's not permanant.

    Supreme Court Justices serve for life. They are confirmed and until they retire....they are Supreme Court Justices. The Chairman of the Federal Reserve is not permanant or for life, he must be confirmed every so often. Yes, some serve for multiple terms and like Grenspan serve for decades over multiple presidencies but it is not a permanant position.

    As long as Congress has to vote on the Bush tax cuts in order to extend them...they are not permanant.
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  9. #29
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    Re: Is allowing a temporary tax cut to expire raising taxes

    If the tax cut that was authorized was meant to be temporary, then no. It is not a tax increase once the authorized tax reduction period has expired but rather a reset of the taxes back to their original levels same as would happen if the Bush tax cuts were to expire January 1, 2013 (i.e., tax rate of 15% temporarily reduced to 12.5%; time period for temporary rate reduction expires, rates then return to original 15% rate).

    A tax increase, IMO, would be if the rates were authorized at a higher level than what they were originally set (i.e., tax rate of 15% temporarily reduced to 12.5%, time period for temporary rate reduction expires, but new marginal tax rate of 18% is implemented).

    The foremer scenario is what may happen if the payroll tax cut isn't extended. That latter isn't even being considered.

    Reset...increase...too different things but both being viewed pretty much the same way because when you get right down to it both the reset and the increase takes money out of the pockets of working middle-class families who can least afford to pay more right now.

    Note: I might also add that the argument concerning "defunding" the Social Security Trust Fund is also being misconstrued. No one's "raiding" the SSTF because no "stimulus" checks will be coming out from the Treasury that in anyway is associated with the payroll tax cut. (In short, no one is being paid anything to who otherwise would qualify for the payroll tax cut.) If anything, extending the payroll tax cut would be more like reauthorizing a payroll tax credit except all one has to do in order to receive the tax benefit essentially is be employeed.
    Last edited by Objective Voice; 12-12-11 at 02:21 PM.

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    Re: Is allowing a temporary tax cut to expire raising taxes

    Quote Originally Posted by ksu_aviator View Post
    The answer is yes...and no. Yes, those that received the tax cut will have an effective tax increase. However, because the tax was not permanent and was previously established, it isn't really a tax increase. Both answer are correct really.
    Now this I could somewhat agree with as long as a person is consistent...

    IE one temporary tax cut not being extended isn't a raise and yet another temporary tax cut not being extended is a raise, etc.

    The over arching question being able to be viewed in two different ways doesn't mean its reasonable to look at a situation in whatever particular over arching way suits your partisan agenda (general you here)

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