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Democrats may stop Bush-era tax cuts for wealthy from expiring

TurtleDude said:
and you assume that I support corporate "Greed" by opposing a system where rich dem elites become richer by pandering to the parasite mentality and envy by jacking up taxes on people who already pay more than they should

want to talk about greed? greed is demanding others pay for your share of the load. That is far worse than opposing higher and higher taxes when you already pay too much

and yes, the top 1% pay way too much because they make 22% of the income yet pay 40% of the federal income taxes.
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Try again....your figures are off
 
Erod said:
Fortunately, virtually everyone knows - especially voters - that this is utter BS.

Obama has tripled the spending of Bush in a year and a half, and there appears to be no end in sight. Time to cut his nuts off in November, watch him flutter in the wind for two years, and then oust the disaster in 2012.

Of course, the Republicans will probably be challenging Hillary by then because even Democrats are recognizing the joke they just elected.
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I love how you guys are still trying to rehabilitate your failed leader. Look at the economic indicators. Since Obama has taken office he has slowed and turned around the downfall of our economy....which....as much as you continue to deny....was Bush's fault. True....Obama has spent too much and has done things that I don't agree with. However, I'm willing to accept that as long as I see movement in the right direction....and the reality is, things are moving in the right direction. Not as quickly as anyone would like...but in the right direction nevertheless.
 
disneydude said:
I love how you guys are still trying to rehabilitate your failed leader. Look at the economic indicators. Since Obama has taken office he has slowed and turned around the downfall of our economy....which....as much as you continue to deny....was Bush's fault. True....Obama has spent too much and has done things that I don't agree with. However, I'm willing to accept that as long as I see movement in the right direction....and the reality is, things are moving in the right direction. Not as quickly as anyone would like...but in the right direction nevertheless.
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What has Obama done? Nothing.

So you think giving money to auto unions, extending unemployment out to forever, and passing stimulus packages that will serve as slush funds for campaigns has had a positive impact on the economy.

What....has....he....done?

What
 
disneydude said:
I love how you guys are still trying to rehabilitate your failed leader. Look at the economic indicators. Since Obama has taken office he has slowed and turned around the downfall of our economy....which....as much as you continue to deny....was Bush's fault. True....Obama has spent too much and has done things that I don't agree with. However, I'm willing to accept that as long as I see movement in the right direction....and the reality is, things are moving in the right direction. Not as quickly as anyone would like...but in the right direction nevertheless.
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Unlike many others, I can't fault Pres Obama too much on his policies. After all, we don't know what in the WORLD our economy would look like if he hadn't done these things. It's easy to cast stones at the opposition.

Having said that, your assertion that, "This is all Bush's fault," shows a basic misunderstanding of what caused the housing collapse. It was not all Bush's fault, by a long shot.
 
Harry Guerrilla said:
:fyi: Raising taxes during a recession is stupid.


The_More_You_Know.jpg
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Definitely. The history of taxation in this country has shown that to be the case.
 
The Dane said:
Canceling unemployment extensions in a recession is stupid. Especially on the horizon of a double dip.
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The unemplyment benefits were not cancelled, they expired as specified by law.
The opposition to extending them was soundly based on the billions of dollars they wold add to the deficit.
 
disneydude said:
You posted a weak analysis that argues it didn't affect unemployment figures, which we know is not true. Unemployment is down, not by much but it is down.
What you don't address, however, is that ever other economic indicator shows the economy is responding.


But that's just "natural cycle".....right? LOL.....
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Unemployment has changed little and the stock market is still unpredictable. I t keeps dipping below 10,000 and then bounces back
 
The Dane said:
Canceling unemployment extensions in a recession is stupid. Especially on the horizon of a double dip.
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Borrowing money from China to pay for it is also stupid.... which was the reason the Republicans were against it, they wanted to obey the law (pay go) the dems passed and seem to have forgotten about.
 
Erod said:
Fortunately, virtually everyone knows - especially voters - that this is utter BS.

Obama has tripled the spending of Bush in a year and a half, and there appears to be no end in sight. Time to cut his nuts off in November, watch him flutter in the wind for two years, and then oust the disaster in 2012.

Of course, the Republicans will probably be challenging Hillary by then because even Democrats are recognizing the joke they just elected.
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Are you really Jesse Jackson?

Never mind, carry on. :mrgreen:
 
disneydude said:
Try again....your figures are off
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this is coming from a guy who is always wrong.

why don't you tell me what the true figures are.
 
Harry Guerrilla said:
:fyi: Raising taxes during a recession is stupid.
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Raising taxes when the economy is growing is even more stupid.

When the economy is growing, people are getting jobs and the government should be spending less on the parasitic socialist programs which promoted as being necessary aids during hard times.

And if the taxes aren't hiked during a growing economy, it allows the economy to grow even more, and ... hopefully you get the picture.
 
VanceMack said:
What do you suggest they do for the lower income groups? another 24 dollars a month 'rebate' that you have to claim on your taxes (and since you saw it in the form of a 12 dollar a paycheck increase you probably didnt 'see' it at all)?
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I suggest they cut taxes and eliminate many burdensome regulations and cancel many interfering government projects, which will encourage investment, job growth, and stability in the markets.

Poor people don't need money stolen from their neighbors, they need productive jobs so they can pay their own damn bills.
 
Ikari said:
And if you don't think people would use an actual high speed rail system, then you're stupid. Because the high speed rail system can link Denver to Chicago in a matter of hours, there's not the security hassle you'll get on planes, it'll probably be cheaper too. It's great not only for tourists wanting to maybe spend a day or weekend in say New York City, but for business men too giving an alternative to driving or flying. And the majority of internet usage, BTW, isn't for porn. If you wish to be logical and rational and honest, we can talk about the differing ways government could have been used to have a better effect on lessening the effects of this recession. If you want to go on your hyperbole and intellectually dishonest path; have fun at it but you'll be ignored.
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That's just a pipe dream. There will be just as much security for a train going 300 mph at ground level as there will be for an airplane travelling 550 mph in the stratosphere.

More, actually, because most of the route an aircraft travels is secure from terrorist attacks, and only at airports is an airplane vulnerable to external attack.

Every single inch of a high speed rail line will be accessible to anyone with a desire to damage it.

Then again, of course, if the market wanted a high speed choo-choo, then the market would fund it. Why should the government fund a competitor to Amtrak, when the subsidies for Amtrak often exceed the price of a ticket to fly to the same place?

No, besides the fact that no libertarian wants the government to provide any services the government isn't supposed to provide, and that includes any and all forms of transportation, besides the fact that high speed rail is irrelevant to the issue of the coming Obama tax increases, the simple fact of the matter is that raising taxes will simply drag the economy down.

It will have no other effect.
 
drz-400 said:
Raising taxes or cutting unemployment benefits would actually do the same thing. Reduce disposable income. The only difference is who it affects, and how much those respective people will save or spend.
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No.

Raising taxes increases the amount of money stolen from those who produce, lowering their incentive to produce.

Refusing to extend unemployment payouts reduces the amount of money stolen from those who produce, thereby increasing their incentive to produce AND incentivizing those who don't produce to find a job.

Not to mention the little fact that people with jobs do not owe a living to those who do not.
 
TurtleDude said:
yeah those doctors and small business owners making 300K or those retirees who invested wisely are real aristocrats. Maybe if the middle class were paying more than half of each next dollar they make in income taxes (State and federal) they would stop voting for tax hiking politicians or spendthrifts. How does the government serve the wealthy when the wealthy pay 40% of the income tax yet make only 22% of the income?
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The problem is that too many people don't pay any taxes at all, and those people aren't averse to raising taxes on others, and they're not averse to voting for people who promise them even more money for nothing, and they're even eager to vote for politicians who promise to raise the "Earned Income Tax Credit" welfare plan.

A flat tax that sensibly taxes all Americans at the same rate would go far to removing the ridiculus steal-and-spend programs in place now.
 
Scarecrow Akhbar said:
The problem is that too many people don't pay any taxes at all, and those people aren't averse to raising taxes on others, and they're not averse to voting for people who promise them even more money for nothing, and they're even eager to vote for politicians who promise to raise the "Earned Income Tax Credit" welfare plan.

A flat tax that sensibly taxes all Americans at the same rate would go far to removing the ridiculus steal-and-spend programs in place now.
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I have been saying the same for ages. None of the fans of progressive taxes has ever attempted to deal with this point.
 
In a recession/depression the people must tighten their economic belts so why doesn’t government, eh?
 
peepnklown said:
In a recession/depression the people must tighten their economic belts so why doesn’t government, eh?
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because that would stop the dem overlords from being able to stick their beaks into the gravy trough and the GOP from getting donations by telling those being soaked that the GOP will protect us from the greedy dem looters.
 
TurtleDude said:
I have been saying the same for ages. None of the fans of progressive taxes has ever attempted to deal with this point.
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We wouldn't be able to support our infrastructure with a flat tax. We could try to privatize more of the upkeep, but that would lead to its own unique set of problems, even if we could get there. And then greed and incompetence would sabotage the effort.

That's why Americans generally don't reform anything.
 
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Morality Games said:
We wouldn't be able to support our infrastructure with a flat tax. We could try to privatize more of the upkeep, but that would lead to its own unique set of problems, even if we could get there. And then greed and incompetence would sabotage the effort.

That's why Americans generally don't reform anything.
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you do understand the danger of a system where those who want more govenrment spending suffer no consequences or costs for voting for big spenders>? or at least no consequences until the whole shooting match collapses
 
stealthy said:
Democrats are considering a plan to delay tax hikes on the wealthy for two years because the economic recovery is slow and they fear getting crushed in November’s election.

It could mean a big reprieve for families earning $250,000 and above annually.

President George W. Bush’s tax cuts will expire at the end of the year unless Congress acts to delay their sunset.

Some Democrats are now arguing forcefully that a delay is a win-win plan that would help the federal budget without hurting the economy.

Democrats may stop Bush-era tax cuts for wealthy from expiring - TheHill.com

That ought to set some hair on fire. They admit tax cuts help the economy at least.
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LOL... hilarious... now the Republicans should start telling the electorate we should be going back to the Reagan era deal of 28%, the deal that unleashed our economic might when others thought we were cooked (if anyone remembers the Carter years).

They should also start calling out the Democrats on their class warfare tactics. You know... teach the electorate what they failed to learn in school.

.
 
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TurtleDude said:
of course not-to a socialist or someone who constantly whines about the rich

For those who understand economics and realize the rich already pay too much it makes perfect sense. I sure hope you don't have a rich boss who decides to lay you off when the tax hikes hit--because If I employed someone like you, you'd be the first to get fired as a cut back
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Nice try, pal.... for one, I am the boss. I do the employing. The last time I had a boss, I was involved in a deal that netted my boss mid to upper 8 figures, on which he paid less than 20% in tax. He was not overtaxed, nor did he complain about being overtaxed....
 
Scarecrow Akhbar said:
The problem is that too many people don't pay any taxes at all, and those people aren't averse to raising taxes on others, and they're not averse to voting for people who promise them even more money for nothing, and they're even eager to vote for politicians who promise to raise the "Earned Income Tax Credit" welfare plan.

A flat tax that sensibly taxes all Americans at the same rate would go far to removing the ridiculus steal-and-spend programs in place now.
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Wrong. Everyone pays taxes. It is just that not everyone pays income taxes. Lower income people pay a much higher percentage of their income in sales taxes, miscellaneous service taxes and FICA than higher income individuals. If you add up all of your taxes as a function of income you will find only about a 20% point difference between the taxes paid by the upper 10% and those paid by the lower quartile.

People that somehow think that all of their W-2 (or business profits) is "their money" are fundamentally selfish punks. There are costs and benefits in the maintenance of a society: highways, air traffic control, parks, dams, wars in foreign nations, national defense, the FBI and the basic (basic) safety net we have are not without cost. We all contribute to these costs, its a part of our duty as citizens.
 
upsideguy said:
People that somehow think that all of their W-2 (or business profits) is "their money" are fundamentally selfish punks.
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Yes... because, really, what you earn isnt really yours -- other people have a perfectly legitimate claim to it.
After all, you worked for it and they did not.
 
Goobieman said:
Yes... because, really, what you earn isnt really yours -- other people have a perfectly legitimate claim to it.
After all, you worked for it and they did not.
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There is a cost of citizenship..... it isn't all yours....
 
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