View Poll Results: Should the Bush tax cuts be cancelled next year as Obama wants to do?

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  • yes, the democrats need more money to spend

    20 40.82%
  • No, I want to keep my own money

    29 59.18%
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Thread: Should the Bush tax cuts be cancelled next year as Obama wants to do?

  1. #61
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    My extremely conservative father used to tell me: "You can't spend more money than you make." Apparently, Herbert Walker Bush didn't communicate that message clearly to his boy W. We have to raise taxes because neither the Democrats or the Republicans have the stones to cut entitlement programs that their supporters favor. The choices are simple, we either cut off a vast percentage of entitlements (and I mean for everything from AFDC to the military/industrial complex) or we raise taxes.

    I don't believe either party will be willing to do the former, so we're left with the latter.

  2. #62
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by liblady View Post
    you're not doing it right.........you should aim for a zero net.
    Exactly right... what you get back or what you pay has little to do with your total tax bill and everything to do with your withholding status and/or estimated payments.

  3. #63
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by Catz Part Deux View Post
    My extremely conservative father used to tell me: "You can't spend more money than you make." Apparently, Herbert Walker Bush didn't communicate that message clearly to his boy W. We have to raise taxes because neither the Democrats or the Republicans have the stones to cut entitlement programs that their supporters favor. The choices are simple, we either cut off a vast percentage of entitlements (and I mean for everything from AFDC to the military/industrial complex) or we raise taxes.

    I don't believe either party will be willing to do the former, so we're left with the latter.
    Actually, you can't solve the problem doing one or the other... its going to require both. Moreover, balancing the budget in a recession is near impossible, much as balancing the family budget without a job is near impossible. You can only do the best you can do here. If the budget were balanced to revenue levels expected in a healthy economy that would be a huge gain.

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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by Magill View Post
    10%?? Really? As I have stated before, it is about 3%. .
    and you were unable to comprehend what I said

    I said a 3% increase in tax rates is about a 10% increase in taxes

    The dem tax hikes will jump the top rate from 35% to almost 40% That means more than a ten percent increase in taxes. DIvidend income will be taxed at more than twice the current rate

    If you dems are so enamored with people paying taxes why don't you demand that everyone pay a similar increase? Because dems really don't support tax hikes for revenue production-they support tax hikes on others to buy the votes of those not targeted for soaking



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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by Aunt Spiker View Post
    From that article


    so - Since my husband makes far less than $250,000 - this won't affect me us at all . . . nor many others . . . and I fail to see the issue.
    How can you trust the dems to tell the truth?

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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by bicycleman View Post
    How can you trust the dems to tell the truth?
    How can you trust anyone to tell the truth? Why focus only on the Dems?

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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by bicycleman View Post
    How can you trust the dems to tell the truth?
    the biggest problem with dem politicians is that their agenda is based on a lie.

    dems claim their main purpose is to help the poor and to equitably allocate wealth but in reality dems do everything possible to keep people poor and dependent and thus themselves in office. If most of the poor could actually become educated and independent of government handouts, the "need" for dem income redistribution policies would evaporate.



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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by Aunt Spiker View Post
    Right now I feel it's necessary to point out that our economy went into the ****ter WHILE these cuts were in place.
    Thank you! I was waiting for somebody besides me to say it!!

    It's quite astounding so many Reps/Conservs continue to use tax cuts as their main economic strong point when on the complete opposite side of the economic spetrum you still have a deficit to get under control. Limiting spending will help, of course, but with so many people out of the workforce and so much of the business world still feeling uncomfortable about hiring, this country needs an infusion of any kind within the tax base right now. Therefore, if only makes sense to me to allow the tax cuts to expire for those who can afford to pay them. And if having another %3 in taxes taken from the wealthiest who can afford to pay it AND many among this same economic class have said they're willing to "pay their fair share", why not for the good of the country?

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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by Mellie View Post
    Absolutely not. Tax cuts and reduced spending gets us out of economic trouble everytime. More spending, bigger government = more depression.
    Since thats totally how we got out of the great depression

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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by Catz Part Deux View Post
    How can you trust anyone to tell the truth? Why focus only on the Dems?
    But, I could trust you, right?

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