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Because it was true and the middle class pay a higher tax rate than the rich do.
Nonsense.
j-mac
Because it was true and the middle class pay a higher tax rate than the rich do.
Not really surprising. Though this does speak to the "fiscally sound" conservatives more than anything else. Always claiming less debt and smaller government; yet we rarely realize that during a Republican presidency. Now we have two big deficit spending parties. Woot.
Thank you for the welcome!
I based my opinion partly on the comment you made regarding unions. Unions (historically speaking) were a major factor in the creation of the middle class.
The other part is your focus on business owners. If they are making over $250,000 in profit (profit is after all costs have been addressed and accounted for) you are in no danger of having your business fail due to a 3% increase in personal taxation. Those additional taxes will be much more helpful for the rest of the country through entitlement programs, education, infrastructure and research into new technologies to improve America. You are much more value than the business owner's 3% in profit taxation and the smart business owner is very much aware of that... you should be aware of that as well.
Fighting for the business owner to keep 3% of their profits for fear they'll fire people just doesn't make sense when the nation itself hangs in the balance.
You don't sacrifice benefits for the 98% for the benefit of just the 2%. That's simply illogical.
It's OK If a Republican Does It
Welcome
The rightwingers think that if we increase the income tax rate by 3%, they will pay more in income taxes than they earn in income. :roll:
The premise you are laying out here is one where I don't get that 3% though, government does. And although the business might not fail due to a 3% increase in taxation, it doesn't have that money to reinvest in the business either, that makes it weaker.
If business has less money to invest in shipping jobs overseas, that is A Good Thing.
Right now, corporate america has record-setting profits, but they're not investing in american jobs. There is insufficient demand for goods and services for business to get businesses to invest in creating jobs no matter what the income tax rate is. Cutting taxes does not create jobs and never has
We're currently spending at unprecedented levels, so without some dramatic cuts there's no way any taxation will cover the difference.On a personal level, I think whenever we have a deficit, it means there has to be some tax collected to repay the money owed...So you need to pay taxes equal to the amount your government spent. How can you spent money and pay nothing, who is going to pay it? the next generation?
Mind you I'm not saying they didn't ... but the point should be made ... that it hasn't only been republicans running up the debt .. . that last two years of Clintons term .. the house and senate was controled by the Republicans ... and for the majority of the time .. of Republcian presidents .. the house and senate have been controlled by Democrats
As compared to what? Liberal spending historically? Really?
j-mac
Number wise it is... but as you say that's neither hear nor there honestly. Neither have been serving the people as they should.
I just find the claim that Republicans are fiscally conservative a bit lacking in historical evidence.
"Shipping jobs overseas" is yet another talking point platitude. no substance. If you even understood a scintilla of why businesses do that you would realize that it is a bottom line factor. IOW, your wet dream of raising that bottom line will somehow keep jobs here makes no sense what so ever.
They are sitting on their money because it is the policy of this administration to bludgeon them at every turn, demonize them as you have here, and inject uncertainty. Cutting the Cap Gains rate would absolutely spur job growth, always has.
j-mac
As compared top their claims, which are really just lies to fool the ignorant
Well, outline for us then your personal system complete with marginal tax rates, and regulations of the perfect society.
Oh, and you keep posting that chart that is not yet been cited as to your source...Why are you hiding that?
j-mac
It's a bottom line issue because the govt passed laws that make it profitable for them to do so. You act like free trade agreements sign themselves.
And the job creation under cap-gains tax cutting repubs does not support your claim. Reality rarely does
Not a complete graph.
j-mac
no, things are changing
California budget: Democrats pass austerity budget - Los Angeles Times
Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely
Jerry Brown Budget Cuts | California budget: Gov. Jerry Brown approves cuts to services for poor, sick and elderly - Los Angeles Times
MA House votes to restrict unions - Boston.com
New Jersey Assembly Passes Bill That Requires Public Workers' Unions To Pay More For Benefits - WPIX
Emanuel Unveils Major Budget Cut On First Full Day « CBS Chicago
Governor Pat Quinn signs Illinois education reform bill into law, new rules effect school days, teacher strikes, tenure | abc7chicago.com
Detroit Moves Against Unions - WSJ.com
Union Deal Defeated; Gov. Malloy Pledges To Cut State Workers - CTnow
hang in
The only difference has been the party controlling the white house
Sadly, you'd have to double the length of the Y-axis to fit Obama's yearly contributions. CBO estimates suggest he's on track to add more debt than all those other presidents combined.
CBO estimates are always wrong.
If business has less money to invest in shipping jobs overseas
And because the rich have been waging class warfare on us
but it was the repubs who racked up most of the debt...an odd result for those who claim to want a balanced budget and a small govt
about how tall elmendorf must extend the y axis to accomodate obama's debt?
LOL!
you don't know what you're talking about
but it was the repubs who racked up most of the debt...an odd result for those who claim to want a balanced budget and a small govt