Bachmann Calls for Higher Taxes

sangha · Oct 14, 2011

Bachmann: ‘I Want To Adopt The Reagan Tax Plan’ (Psst…Those Taxes Were Higher!) | Election 2012

Bachmann: ‘I Want To Adopt The Reagan Tax Plan’ (Psst…Those Taxes Were Higher!)

In an appearance Thursday morning on Fox News, Michele Bachmann might have put forward the boldest tax proposal of all Republican candidates: Raising taxes to where they were when Ronald Reagan was president.

Bachmann criticized Herman Cain’s “9-9-9” tax plan, and its inclusion of a national sales tax.

“For my tax plan, I take a page out of one of my great economists that I admire, Ronald Reagan,” Bachmann boasted. “And under my tax plan I want to adopt the Reagan tax plan. It brought the economic miracle of the 1980s. Why not go with what works? I want to reinstitute the Reagan tax model from the 1980s.”

However, as has been previously documented, taxes were higher during the Reagan years than they are now — both in terms of the top income tax rate (for all but the final year of the Reagan presidency), and in terms of the overall tax burden.

Does anyone believe that she knew what she was proposing, or do we all agree that she's dumber than a bag of rocks?

PS - there's video at the link

jasonxe · Oct 14, 2011

there she goes adopting again.

MaggieD · Oct 14, 2011

sangha said:
Bachmann: ‘I Want To Adopt The Reagan Tax Plan’ (Psst…Those Taxes Were Higher!) | Election 2012

Does anyone believe that she knew what she was proposing, or do we all agree that she's dumber than a bag of rocks?

PS - there's video at the link

I am sick and tired of the left (or any other part of the spectrum) calling candidates they don't support "dumber than a bag of rocks" in one form or another. It shows their own ignorance and, worse, their stupidity. If one can't argue against a platform, why doesn't one just STFU?

Councilman · Oct 14, 2011

This will not help her at all, and Mr.Cain's 999 plan would work maybe, but will continue to cause him problems because it would add too much when you add 9% to currant State and Local sales tax, and put them in double digits and that becomes a problem for some who don't consider the 9% flat tax as a plus, because they are able to pay little or nothing now.

Hatuey · Oct 14, 2011

MaggieD said:
I am sick and tired of the left (or any other part of the spectrum) calling candidates they don't support "dumber than a bag of rocks" in one form or another. It shows their own ignorance and, worse, their stupidity. If one can't argue against a platform, why doesn't one just STFU?

So what you're saying is that those who call others stupid... are stupid.... well.... I know you are but what am I? Here I'll lay out why she's a dumb ****: She thinks Reagan was a great economist. It takes a dumb **** to try and justify trickle down economics. Reagan tried to do it. It takes a dumb **** to ignore thousands of Americans dying from AIDS. Reagan did it. Finally, it takes an event bigger dumb **** to try and claim he didn't know about the Iran-Contra issue. Want to know why? Well, mostly because either A) you are showing you had no idea what it was your administration's foreign policy officials were actually doing after their meetings with you OR B) if you did, you're such a dumb ****, that you expect the American public to believe you had no role in orchestrating the operation. Some things don't have to be stated. Why Reagan and Michelle Bachmann are dumb ****s? They're some of those things.

haymarket · Oct 14, 2011

For the record, Bachmann is smarter than a bag of rocks. To test this theory, I asked a bag of rocks to take a standard multiple choice test with a question

WHO WAS RONALD REAGAN?

only three of the 21 rocks in the bag correctly identified him as a President of the USA.

Bachmann knew that for sure.

MaggieD · Oct 14, 2011

Hatuey said:
So what you're saying is that those who call others stupid... are stupid.... well.... I know you are but what am I? Here I'll lay why she's a dumb ****: Reagan is to an economy, what AIDS is to good health.

Reaganomics:

1.Reduce Growth of Government spending. (OMG!!! What a horrible thing!!!)
2.Reduce Income Tax and Capital Gains Tax. (OMG!!! What a horrible thing!!!)
3.Reduce Government regulation. (OMG!!! What a horrible thing!!!)
4.Control the money supply to reduce inflation. (OMG!!! What a horrible thing!!!)

With the Tax Reform Act of 1986, Reagan and Congress sought to broaden the tax base, eliminate many deductions, and reduce rates. In 1983, Democrats Bill Bradley and Dick Gephardt had offered a proposal to clean up/broaden the tax base; in 1984 Reagan had the Treasury Department produce its own plan. The eventual bipartisan 1986 act aimed to be revenue-neutral: while it reduced the top marginal rate, it also partially "cleaned up" the tax base by curbing tax loopholes, preferences, and exceptions, thus raising the effective tax on activities previously specially favored by the code.

Comments on Reaganomics from the Cato Institute:

On 8 of the 10 key economic variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years.
Real median family income grew by $4,000 during the Reagan period after experiencing no growth in the pre-Reagan years; it experienced a loss of almost $1,500 in the post-Reagan years.
Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately before or after his presidency.
The only economic variable that was worse in the Reagan period than in both the pre- and post-Reagan years was the savings rate, which fell rapidly in the 1980s.
The productivity rate was higher in the pre-Reagan years but much lower in the post-Reagan years.

sangha · Oct 14, 2011

MaggieD said:
Reaganomics:

1.Reduce Growth of Government spending. (OMG!!! What a horrible thing!!!)
2.Reduce Income Tax and Capital Gains Tax. (OMG!!! What a horrible thing!!!)
3.Reduce Government regulation. (OMG!!! What a horrible thing!!!)
4.Control the money supply to reduce inflation. (OMG!!! What a horrible thing!!!)

Comments on Reaganomics from the Cato Institute:

You obviously didn't read what Bachmann said, even though I quoted it in the OP. I'll post it again, to show that she only referred to Reagans tax model, and not all of Reaganomics, as you inanely argue

“For my tax plan, I take a page out of one of my great economists that I admire, Ronald Reagan,” Bachmann boasted. “And under my tax plan I want to adopt the Reagan tax plan. It brought the economic miracle of the 1980s. Why not go with what works? I want to reinstitute the Reagan tax model from the 1980s.”

Now, what were you saying about stupidity?

Renae · Oct 14, 2011

sangha said:
Bachmann: ‘I Want To Adopt The Reagan Tax Plan’ (Psst…Those Taxes Were Higher!) | Election 2012

Does anyone believe that she knew what she was proposing, or do we all agree that she's dumber than a bag of rocks?

PS - there's video at the link

Sangha, she could announce the sky is blue, rain is wet and deserts are dry and you'd say she was an idiot.

MaggieD · Oct 14, 2011

sangha said:
You obviously didn't read what Bachmann said, even though I quoted it in the OP. I'll post it again, to show that she only referred to Reagans tax model, and not all of Reaganomics, as you inanely argue

Now, what were you saying about stupidity?

His "tax model" was to lower taxes. What don't you get about that? She didn't say, "I want to increase taxes to what they were under Reagan." Rock on.

Renae · Oct 14, 2011

MaggieD said:
His "tax model" was to lower taxes. What don't you get about that? She didn't say, "I want to increase taxes to what they were under Reagan." Rock on.

See what Sangha is saying is that Taxes were higher under Reagan, and Bachman wants to raise taxes lol! He''s such a witty guy, really.

jasonxe · Oct 14, 2011

MrVicchio said:
Sangha, she could announce the sky is blue, rain is wet and deserts are dry and you'd say she was an idiot.

the sky is pink now...

sangha · Oct 14, 2011

MrVicchio said:
Sangha, she could announce the sky is blue, rain is wet and deserts are dry and you'd say she was an idiot.

ad homs noted

sangha · Oct 14, 2011

MaggieD said:
His "tax model" was to lower taxes. What don't you get about that? She didn't say, "I want to increase taxes to what they were under Reagan." Rock on.

You got pwned on your last post, so now you're trying to move the goalposts with a dishonest argument. The "Reagan Tax plan" brought tax rates to a certain specific level, which were higher than they are today.

Thunder · Oct 14, 2011

Bachmann is a Liberal Democrat now?

who'da thunk it.

MaggieD · Oct 14, 2011

sangha said:
You got pwned on your last post, so now you're trying to move the goalposts with a dishonest argument. The "Reagan Tax plan" brought tax rates to a certain specific level, which were higher than they are today.

I got pwned??? In your dreams, Sangha. If you want to discuss Reagan's Tax Plan, I'm your gal. If you just want to bash Bachmann because she's a woman or because you're afraid of her, or because you think it's cute, I'll leave you to your own box of rocks.

AdamT · Oct 14, 2011

1.Reduce Growth of Government spending. (OMG!!! What a horrible thing!!!)

Indeed, it is a horrible thing if you NEED that spending to avert a depression, or serious recession. Or if voters actually WANT that spending to support a social safety net.

2.Reduce Income Tax and Capital Gains Tax. (OMG!!! What a horrible thing!!!)

Yes, it is a horrible thing if you don't have enough revenue to pay for the spending that most Americans want.

3.Reduce Government regulation. (OMG!!! What a horrible thing!!!)

Absof*ckinlutely a horrible thing if, as we've seen very recently, a paucity of regulation allows the free market to go haywire and implode.

4.Control the money supply to reduce inflation. (OMG!!! What a horrible thing!!!)

That was Volckenomics -- not Reaganomics.

Thunder · Oct 14, 2011

MaggieD said:
I got pwned??? In your dreams, Sangha. If you want to discuss Reagan's Tax Plan, I'm your gal. If you just want to bash Bachmann because she's a woman....

if there is one thing Sangha is not, is a misogynist.

sangha · Oct 14, 2011

MaggieD said:
I got pwned??? In your dreams, Sangha. If you want to discuss Reagan's Tax Plan, I'm your gal.

OK, what were the tax rates under Reagan and what are they now?

jasonxe · Oct 14, 2011

sangha said:
OK, what were the tax rates under Reagan and what are they now?

yes

next question!

MaggieD · Oct 14, 2011

sangha said:
OK, what were the tax rates under Reagan and what are they now?

I don't answer your questions....if you want to know, look it up yourself.

Thunder · Oct 14, 2011

sangha said:
OK, what were the tax rates under Reagan and what are they now?

during Reagan, the highest tax-bracket was at 50%.

so yes, I totally support the Bachmann tax-plan.

http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#1861_-_2010

1980 18% 24% 54% 59% 70%
1982 16% 22% 49% 50% 50%
1984 14% 18% 42% 45% 50%
1986 14% 18% 38% 45% 50%

Hatuey · Oct 14, 2011

MaggieD said:
Reaganomics:

A failure.

1.Reduce Growth of Government spending. (OMG!!! What a horrible thing!!!)

Government spending actually grew under Reagan.

View attachment 67116808

2.Reduce Income Tax and Capital Gains Tax. (OMG!!! What a horrible thing!!!)

Yes, yes and what?

3.Reduce Government regulation. (OMG!!! What a horrible thing!!!)

The most retarded thing I've heard in my entire life. Government regulation? Good thing. It's the reason we're not China.

4.Control the money supply to reduce inflation. (OMG!!! What a horrible thing!!!)

That's not Reaganomics? Lol.

Comments on Reaganomics from the Cato Institute:

So you're quoting the pro-Reaganomics Libertarian Cato Institute? Now I'm convinced. Look, you're way out of your league on this issue.

MaggieD · Oct 14, 2011

AdamT said:
Indeed, it is a horrible thing if you NEED that spending to avert a depression, or serious recession. Or if voters actually WANT that spending to support a social safety net.

Yes, it is a horrible thing if you don't have enough revenue to pay for the spending that most Americans want.

Absof*ckinlutely a horrible thing if, as we've seen very recently, a paucity of regulation allows the free market to go haywire and implode.

That was Volckenomics -- not Reaganomics.

The vast VAST majority of Americans want to control the growth of Federal spending.
The vast VAST majority of Americans want to lower taxes.
The vast VAST majority of Americans realize we have regulations on the books that are unnecessary, cost us all more money and hamper business efficiency.

Today is the deadline for U.S. retailers to unload any unsold baby cribs that don’t meet the federal government’s new safety standards. There are something like 117,000 cribs that are headed to the dump. Oddly enough, they have never been declared unsafe. They are not considered unsafe, a hazard to children, or subject to recall. They simply do not meet the Consumer Product Safety Commission’s latest safety test. Any cribs that are unsold by today must be destroyed and sent to landfills. Perfectly good, perfectly safe cribs must be destroyed because some bureaucrats decided that drop-side cribs don’t meet the new paperwork.

A related regulation applies to daycare providers, requiring that all cribs — regardless of age or condition must be replaced by December 28, 2012.

The U.S. Department of Transportation has proposed a series of regulations aimed at operators of farm equipment in Pennsylvania. Those regulations would require farmers to keep logs, prohibit anyone under 18 from working a tractor, and anyone operating a tractor or other farm equipment would need a medical certificate. These proposed regulations, which are set to go into effect March 1, would treat farmers much like interstate truckers, the Pennsylvania Farm Bureau has said.

My online banking account tells me:

For savings account transfers:
Federal Regulation D limits the number of preauthorized, automatic, telephone, electronic (including ACH), online and other transfers and withdrawals not made in person or at an ATM to six (6) per month for all savings accounts. Excessive activity will result in a Reg D violation fee for each applicable transfer/withdrawal over the monthly limit; please refer to your current pricing schedule for personal accounts. There is no limit to the number of transfers you can make from your checking account. So ... the government says that if I make more than 6 deposits to my savings account in a month, I've committed a crime. A crime for which they can fine me.

Just interpretting Federal regulations on businesses is a whore's nightmare.

sangha · Oct 14, 2011

MaggieD said:
If you want to discuss Reagan's Tax Plan, I'm your gal.

sangha said:
OK, what were the tax rates under Reagan and what are they now?

MaggieD said:
I don't answer your questions....if you want to know, look it up yourself.

I accept your surrender!

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