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. #71
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by TurtleDude View Post
    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.
    Oh, be careful with that statement. On another thread, I mentioned almost the same thing, but I was called a racist.

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

    Quote Originally Posted by TurtleDude View Post
    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.
    This is a common statement by Republicans, but in fact, there are quite a few fiscally conservative democrats in congress. One of them is mine. And, I'd have a little more respect for this perspective if the Republicans hadn't been subsidizing corporate America's welfare needs for the past 30 years.

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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
    Oh, be careful with that statement. On another thread, I mentioned almost the same thing, but I was called a racist.
    Yes. I'd say that it's an issue of presentation. Unlike you, Turtle didn't couch it in racial terms, i.e., "Obama is the new slavemaster on the plantation."

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

    Quote Originally Posted by TurtleDude View Post
    that's rather silly. saying no to socialist expansion, more confiscatory tax policies etc is patriotic
    Nothing at all silly about it.
    The future of our nation will include more socialism.
    Its unpatriotic to deter progression,IMO..

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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.
    You can bring up some examples of reduced spending helping get us out of a recession?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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

    Quote Originally Posted by Redress View Post
    You can bring up some examples of reduced spending helping get us out of a recession?
    There are none.. it is a complete lie. What was supposed to happen is that private enterprise after seeing job creation not falling it would create a sense of confidence in the economy and encourage private stimulus. But private stimulus has been unfaithful and they are not doing enough to reduce unemployment numbers.. So now the government is forced to keep spending high to try to encourage the private sector and confidence. Spend away and let the neh sayers lose out till they get a clue.

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

    Disregard the justifications for the Bush tax cuts and look at what effect they actually have. It's clear cut. They put a trillion plus dollars in the hands of people worth more than $10 million already and they increased our national debt by the same amount. What that amounts to is nothing short of a redistribution of wealth from the rest of us to the uberwealthy. Everybody in the US carries an equal share of that debt, but the benefits of the tax cuts only significantly effected an incredibly tiny number of people. What Bush did is force you to take out a loan for around $30,000 and he gave it to the uberwealthy in the form of tax cuts. He could have accomplished the exact same thing by just cutting them checks for millions or billions of dollars. It would have been exactly the same thing, but then even the folks on the right would have realized that they were being had... So he called it a tax cut instead... It's the most absurd blindspot ever on the right... If you want to give somebody $1 million and you call it a handout, they don't like that, but if you call it a tax cut, they love it...
    Last edited by teamosil; 07-08-10 at 10:55 PM.

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

    Quote Originally Posted by Objective Voice View Post
    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?
    another 3% in taxes?

    more spite and envy

    if you pay 30% in taxes and your rate is increased to 33% that is a TEN PERCENT INCREASE IN THE TAXES YOU PAY

    if you have dividend income you will see your taxes DOUBLED -at LEAST on that

    I love those who don't pay enough taxes (to cover what they use) continually support more taxes on others with the lame routine that they can afford it

    If some guy is single and you have a hot wife why don't you share her because after all, you get plenty and he's celibate?



  9. #79
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by teamosil View Post
    Disregard the justifications for the Bush tax cuts and look at what effect they actually have. It's clear cut. They put a trillion plus dollars in the hands of people worth more than $10 million already and they increased our national debt by the same amount. What that amounts to is nothing short of a redistribution of wealth from the rest of us to the uberwealthy. Everybody in the US carries an equal share of that debt, but the benefits of the tax cuts only significantly effected an incredibly tiny number of people. What Bush did is force you to take out a loan for around $30,000 and he gave it to the uberwealthy in the form of tax cuts. He could have accomplished the exact same thing by just cutting them checks for millions or billions of dollars. It would have been exactly the same thing, but then even the folks on the right would have realized that they were being had... So he called it a tax cut instead... It's the most absurd blindspot ever on the right... If you want to give somebody $1 million and you call it a handout, they don't like that, but if you call it a tax cut, they love it...
    the tax cuts helped everyone who actually pays taxes and the dem tax hikes start at 250K which is hardly the wealthy

    and its NOT GIVING ANYONE ANYTHING

    where do the statist socialists come up with that crap. a tax cut is not a handout. a handout is taking money from those who earned it and giving it to those who did nothing so as to buy their votes



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

    Quote Originally Posted by Objective Voice View Post
    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, it 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?
    I found this article from FinancialWeb.com that speaks directly to the Bush tax cuts. It reads in part:

    The [Tax Relief Reconciliation] act was controversial because of the tax brackets it created. Those who made under $27,000 filing single, or $46,000 filing jointly would see no change in their brackets. Those making more than that would see a tax decrease of around 2%. Those who made over $300,000 yearly saw the largest break with a decrease of 3.6%. As an example, a family who brings in $80,000 a year would see a decrease of $1600 a year in their taxes. A family who made $300,000 would have seen a break of almost $11,000. The advantage for this was that almost everyone would see a tax break. The disadvantage was that the more money you made the more of a tax break you received. Many people also feel in to the category of no change. The people who seemingly needed the break the most wouldn’t be given any relief.

    Tax changes will always benefit one group of people over another. In this case there was a lot of talk over whether or not the new act would actually spur growth in the economy. Those opposed to the taxes argued that giving wealthy individuals tax breaks would do nothing to help the economy, and that the people who needed the help the most were left out of the act all together. Those who supported it argued that allowing tax cuts to the wealthy would help to send more money in to the economy and those who were earning little paid very little in taxes anyhow.

    Depending on your situation this act may or may not have affected you. For the most part, most people have benefited from this act. Whether or not it actually helped with growth in our economy remains to be seen.
    And this from the website, TheBuzz.com:

    ...President Bush has stuck to his insistence on successive, sweeping tax cuts, despite the uncomfortable fact that the premise on which they were first proposed - a large government surplus - has evaporated.

    Individually these policies involve bold risks. Together they represent a recklessness that could inflict lasting damage on the US economy.

    Wrangling continues over the size of the tax cut. Bush wanted to axe $726bn (444bn) over 10 years, but said he would accept $550bn (336bn). The Senate has voted for $350bn (214bn). Either way it would be one of the largest cuts in US fiscal history, all the more remarkable for having been passed at a time of war - not just one war, but several at the same time - and sharply rising government deficits.

    The cuts defy conventional economics, which predict that a steep rise in government borrowing will push up interest rates and depress private investment, squeezing the economy dry.
    So, unless someone can show concrete evidence that the Bush tax cuts actually helped this nation's economy (which obviously they will not otherwise we wouldn't be in the mess we're in now), I see no reason to extend them. MOreover, these tax cuts weren't given to large corporations as the talking heads would have us believe. They were given to individuals. So, I wonder if the CEO of AIG, for example, has used his multi-million dollar bonus to help stimulate the economy or if he put his hard earned cash in his pocket?

    Things that make you go, "Hmmmmm....?"
    Last edited by Objective Voice; 07-08-10 at 11:17 PM.

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