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Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts

Does your bank account show revenue or revenue before inflation? Does it matter today?

Let me ask you how do tax cuts affect you? Do you have more or less take home pay after tax cuts? Then what?

The tax cuts legislated in 2001 were the same as Obama's rebate checks, the withholding cuts came in July 2003 AFTER the GOP Took Congress, notice the revenue change?

If you are for extending cuts for 80% of the people and based upon your concern for the deficit how much does that add to the deficit vs. raising taxes on the 3 million or so that are so called rich? The 80% amount to millions more.

The economy grows/declines each year. You can't just equate 100bn from 2001 with 100bn with 2009, because in terms of 2009 dollars 100bn from 2001 is actually $121,413,973,630. Is a MASSIVE increase in revenue when unaccounted for inflation in Zimbabwe proof of insanely good tax policy? No, it's a proof that they print money like there's no tomorrow, and it devalues the dollar at a much higher rate than over here. This is an extreme example, but the principle is the same.

If you have less taxes then you take home more money. Then you have a choice to either spend or save it. Given that those in the top 20% spend significantly less than they earn, we can only assume that they save it. I posted some stats on expenditure earlier.

I have a concern for the deficit, but as I have said numerous times before, I'm willing to sacrifice some of the deficit for faster economic revival, given that we pay it back.

:)
 
Obama Announces 'Framework' for Deal With Congress to Extend Bush-Era Tax Cuts - FoxNews.com



Notably, unemployment benefits will be extended by 13 months (taking it to 3+ years), and social security taxes will be reduced from 6.2 percent to 4.2 percent, giving everyone a few extra bucks in their next paycheck.

From a business perspective, not only will the Bush tax cuts be extended, small businesses will now be able to deduct 100 percent of their capital improvements/investments in their company (up from 50 percent before).

This is more proof that Democrats like Obama run on these platitudes to get votes, but they know the only way to truly stimulate the economy is to put the money in our hands. The recent elections, and the real world, left him no choice but to go the GOP way and then engage in spin control.

The problem for Obama is that, because he didn't extend the cuts for more years, the debate will rage on for the next two years until the issue comes back, just in time for the 2012 presidential election. And what far left liberals are going to trust him now.

I will say this: I'm grateful that he capitulated, although extending the benefits to over two years seems like a bad message. Many Americans are licking their chops at free money for no work for three years. We all know a few folks like that.

Your entire post could have been, "He did something that not even a conservative president would have done but **** him anyways that's why."
 
you are correct, 5% unemployment rate is considered 'full employment' in our system.....the arguement with conservative, he constantly says 'recession ended last spring' and 'how long should we pay unemployment benefits'....my response to him was the one i gave turtle, who decided the recession was over? stockholders? are we considering it over just because the stock market , the dow jones industrial average, has been going up? sure the hell isnt over for those still looking for work.

The National Bureau of Economic Research

Last Four Recessions and their Durations
12/07 - 6/09 18 months
3/01 - 11/01 8 months
7/90 - 3/91 8 months
7/81 - 11/82 16 months
 
The economy grows/declines each year. You can't just equate 100bn from 2001 with 100bn with 2009, because in terms of 2009 dollars 100bn from 2001 is actually $121,413,973,630. Is a MASSIVE increase in revenue when unaccounted for inflation in Zimbabwe proof of insanely good tax policy? No, it's a proof that they print money like there's no tomorrow, and it devalues the dollar at a much higher rate than over here. This is an extreme example, but the principle is the same.

If you have less taxes then you take home more money. Then you have a choice to either spend or save it. Given that those in the top 20% spend significantly less than they earn, we can only assume that they save it. I posted some stats on expenditure earlier.

I have a concern for the deficit, but as I have said numerous times before, I'm willing to sacrifice some of the deficit for faster economic revival, given that we pay it back.

:)

How do you know what the rich do with their money as you continue to buy what this Administration tells you.

Have you ever seen the Federal Govt. taking more revenue and taking that revenue to pay down the deficit or debt?

Right now there are 16 million unemployed Americans so tell me how raising the taxes on anyone puts these people back to work paying taxes? What far too many ignore is that lowering taxes stimulates economic activity including job hiring. More money in your hands and the hands of other taxpayers means more demand and higher unemployment.

Better be careful what you buy from this Administration that hasn't been accurate on any prediction. It is a slippery slope when anyone buys the rhetoric that taking money from someone else to redistribute it to others is good economic policy and ignores the basic principle that it is the tax payers money FIRST. I prefer you keeping more of what you earn and decising how to spend it. Check out charitable giving during periods of lower taxes?
 
its the wrong people Dude... the freakin wrong people.

But then, you knew that already.

Oh, so now you want to pick who gets to make money and who doesn't?
 
The National Bureau of Economic Research

Last Four Recessions and their Durations
12/07 - 6/09 18 months
3/01 - 11/01 8 months
7/90 - 3/91 8 months
7/81 - 11/82 16 months
so......???? the nbe thinks the recession is over...it is their opinion....if its over, how do you propose to explain that to those who are still looking for work? recession isnt over for them....just because the dja is going up, doesnt mean this recession is over for everyone...
 
so......???? the nbe thinks the recession is over...it is their opinion....if its over, how do you propose to explain that to those who are still looking for work? recession isnt over for them....just because the dja is going up, doesnt mean this recession is over for everyone...

How long should they collect unemployment? We are proposing north of 3 years if this passes.


j-mac
 
so......???? the nbe thinks the recession is over...it is their opinion....if its over, how do you propose to explain that to those who are still looking for work? recession isnt over for them....just because the dja is going up, doesnt mean this recession is over for everyone...

NBER is a non profit, non partisan agency that has been the keeper of economic data for experts. They seem to be the expert when every other Administration is in office but interesting not now. The fact is due to the Obama economic policies this is a jobless recovery. He has done nothing to promote the private sector and that is why there aren't any jobs created. He doesn't understand business at all nor do many here. No business is going to hire when the cost of hiring is uncertain due to his policies. This new tax deal will help however. Now add that to defunding Obamacare and then you will see job growth.
 
so......???? the nbe thinks the recession is over...it is their opinion....if its over, how do you propose to explain that to those who are still looking for work? recession isnt over for them....just because the dja is going up, doesnt mean this recession is over for everyone...

IF the Dow is a benchmark for good or bad president, look at where it was when he was elected and where it is now. Obama must be a genius !!!
Plus, this recession kicked people while they are down, and a lot of small investors are going to remember the big banks are the ones doing the kicking. Losing a house and all the money invested in it is going to be fresh in our memories for a long time.
2 of my immediate neighbors walked away from their houses, the banks just would not work with them...
 
IF the Dow is a benchmark for good or bad president, look at where it was when he was elected and where it is now. Obama must be a genius !!!
Plus, this recession kicked people while they are down, and a lot of small investors are going to remember the big banks are the ones doing the kicking. Losing a house and all the money invested in it is going to be fresh in our memories for a long time.
2 of my immediate neighbors walked away from their houses, the banks just would not work with them...

The Dow is a barometer for corporate profits and performance. With 16 million plus unemployed Americans payroll is way down and for every dollar of expense cut that is a dollar to the bottom line profit. Liberal logic today is stock market an indication of how good Obama is whereas the 14000 stock market under Bush was an indication of a recession and corporate greed
 
How long should they collect unemployment? We are proposing north of 3 years if this passes.


j-mac
if the edonomy was balls to the wall, and we were creating decent jobs at a record pace, i could see scaling back on the unemployment.....while wall street may be recovering, while the djia maybe going up, job creation hasnt caught up yet.....are you seriously going to argue with me that it is? 'conservative' likes to argue that these people on unemployment are nothing but lazy cheetoh eating, beer swilling , cable tv watching slobs who don't want to work, so cut them off now! while on the other hand screaming about 12-16 million unemployed and how it is all obama's fault....which is it? either we have millions upon millions of available jobs for these people, or we don't..conservative tries to have it both ways....use unemployment to bash obama on one hand, screaming that he is a job killer, and on the other saying all those on unemployment are nothing but lazy bums and don't want to work(implying that their are jobs available for them) ...can't have it both ways. i'm hopeful that the economy catches fire, and we start creating a ton of jobs, i'm hopeful that this will be the last extension.

I'm all for people getting back to work, nothing would please me more than for this country to be able to get the vast majority of these people off the unemployment rolls and into decent jobs, into gainfull employment, turned back into productive, tax paying citizens.
 
NBER is a non profit, non partisan agency that has been the keeper of economic data for experts. They seem to be the expert when every other Administration is in office but interesting not now. The fact is due to the Obama economic policies this is a jobless recovery. He has done nothing to promote the private sector and that is why there aren't any jobs created. He doesn't understand business at all nor do many here. No business is going to hire when the cost of hiring is uncertain due to his policies. This new tax deal will help however. Now add that to defunding Obamacare and then you will see job growth.
for the love of God, i feel like i'm talking to a damn wall...carry on conservative, carry on...i forgot, you are an expert on everything, and everyone else is an expert on nothing. my bad, i forgot:roll:
 
if the edonomy was balls to the wall, and we were creating decent jobs at a record pace, i could see scaling back on the unemployment.....while wall street may be recovering, while the djia maybe going up, job creation hasnt caught up yet.....are you seriously going to argue with me that it is? 'conservative' likes to argue that these people on unemployment are nothing but lazy cheetoh eating, beer swilling , cable tv watching slobs who don't want to work, so cut them off now! while on the other hand screaming about 12-16 million unemployed and how it is all obama's fault....which is it? either we have millions upon millions of available jobs for these people, or we don't..conservative tries to have it both ways....use unemployment to bash obama on one hand, screaming that he is a job killer, and on the other saying all those on unemployment are nothing but lazy bums and don't want to work(implying that their are jobs available for them) ...can't have it both ways. i'm hopeful that the economy catches fire, and we start creating a ton of jobs, i'm hopeful that this will be the last extension.

I'm all for people getting back to work, nothing would please me more than for this country to be able to get the vast majority of these people off the unemployment rolls and into decent jobs, into gainfull employment, turned back into productive, tax paying citizens.

Notice your response to most posts, "decent jobs", "fair wage", "evil rich!" Notice a pattern here? Personal responsibility only exists at certain levels in your world.

You want to define what a decent job, fair wage, and those evil rich people by your own standards without knowing the financial situation for those that you defend. You speculate and project based upon what you are told and ignore history and research tools available to you. For some reason the 47% that don't pay any Federal Income taxes doesn't bother you nearly as allowing those that do pay taxes to keep more of their money. That is a slippery slope you are on and wonder if you feel that your income and ability to keep more of what you earn is an expense to the Federal Govt?
 
for the love of God, i feel like i'm talking to a damn wall...carry on conservative, carry on...i forgot, you are an expert on everything, and everyone else is an expert on nothing. my bad, i forgot:roll:

You could be that same expert if only you did your own research and put the partisanship aside. There are some great non partisan sites that actually report data but apparently those sites aren't nearly as good as projecting the opinions of others with an agenda.
 
for the love of God, i feel like i'm talking to a damn wall...carry on conservative, carry on...i forgot, you are an expert on everything, and everyone else is an expert on nothing. my bad, i forgot:roll:
now you know....Conservative and his empty sock puppets have a limited view of economics. Blinders, rose tinted glasses, and selective hearing are all "assets" to the far right...
 
You could be that same expert if only you did your own research and put the partisanship aside. There are some great non partisan sites that actually report data but apparently those sites aren't nearly as good as projecting the opinions of others with an agenda.
you post links to sites that support your views on the surface, without digging deeper, in attempt to understand how these sites arrive at their conclusions. this doesnt make you an expert , never will. but carry on, that seems to be your M.O.
 
now you know....Conservative and his empty sock puppets have a limited view of economics. Blinders, rose tinted glasses, and selective hearing are all "assets" to the far right...

Right, non partisan sites the provide actual data are sock puppets with a limited view of economics. Why the personal attacks lately? Focus on responding to the facts presented and quit diverting from those facts. It is a sign of desperation when you make this personal instead of keeping it focused on actual results. Refute the NBER, BLS, BEA, and Treasury Data if you can.
 
Notice your response to most posts, "decent jobs", "fair wage", "evil rich!" Notice a pattern here? Personal responsibility only exists at certain levels in your world.

You want to define what a decent job, fair wage, and those evil rich people by your own standards without knowing the financial situation for those that you defend. You speculate and project based upon what you are told and ignore history and research tools available to you. For some reason the 47% that don't pay any Federal Income taxes doesn't bother you nearly as allowing those that do pay taxes to keep more of their money. That is a slippery slope you are on and wonder if you feel that your income and ability to keep more of what you earn is an expense to the Federal Govt?
and this rant of yours has exactly what to do with the post you quoted?? and please show me where i have called the rich 'evil'...me thinks you be projecting again.
 
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you post links to sites that support your views on the surface, without digging deeper, in attempt to understand how these sites arrive at their conclusions. this doesnt make you an expert , never will. but carry on, that seems to be your M.O.

What you seem to lack is a basic understanding of non partisan facts and actual data. There is nothing to understand or reason to delve into how they arrived "at their conclusions." The data is the data and came from the actual results. You don't like the data then change the results, don't attack the messenger.

Your passion for the liberal ideology is hard to understand. Data refutes that ideology but it appears that you simply cannot accept actual data and facts.
 
and this rant of yours has exactly what to do with the post you quoted?? and please shoe me where i have called the rich 'evil'...me thinks you be projecting again.

Right, focus on the "evil" rich and ignore that you want to define decent jobs and fair wage which is more to the issue. You have no problem taking more money from the rich because that doesn't affect you thus you ignore the question I raised about you keeping more of what you earn being an expense to the govt?
 
What you seem to lack is a basic understanding of non partisan facts and actual data. There is nothing to understand or reason to delve into how they arrived "at their conclusions." The data is the data and came from the actual results. You don't like the data then change the results, don't attack the messenger.

Your passion for the liberal ideology is hard to understand. Data refutes that ideology but it appears that you simply cannot accept actual data and facts.
no reason to 'delve' into how they arrived at their numbers...?:lamo so everything people tell you you take at face value, no need to do a further investigation, as long as it sounds 'right' to you, its all good? no sense in doing further research, god forbid you should find something that doesnt quite jive with your world view. :lamo
 
Right, focus on the "evil" rich and ignore that you want to define decent jobs and fair wage which is more to the issue. You have no problem taking more money from the rich because that doesn't affect you thus you ignore the question I raised about you keeping more of what you earn being an expense to the govt?
again, please show me where i have used the term 'evil rich' .....if you can't find it, i'll expect a retraction.
 
no reason to 'delve' into how they arrived at their numbers...?:lamo so everything people tell you you take at face value, no need to do a further investigation, as long as it sounds 'right' to you, its all good? no sense in doing further research, god forbid you should find something that doesnt quite jive with your world view. :lamo

LOL, keep diverting from the post. They arrived at the data by actually capturning actual results, a concept you have a problem understanding. Results matter, not rhetoric. What exactly has Obama accomplished that isn't captured in that data?
 
LOL, keep diverting from the post. They arrived at the data by actually capturning actual results, a concept you have a problem understanding. Results matter, not rhetoric. What exactly has Obama accomplished that isn't captured in that data?
back on target conservative, stay on target, stay on topic...you have yet to provide where i have ever called the rich 'evil'....still waiting for an apology and a retraction of your statement.....you must be so embarrassed, admitting you do no actual research, no need to 'delve' into something further, if it supports your view.
 
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