Obama to call for middle class tax cut extension

specklebang · Jul 9, 2012

We've had guns and butter (sounds kind of dated don't it?) for over a decade. Thats because we are the only country that doesn't have to get dollars to do their monkey business with. We are ones who print them.

Wether the tax cuts expire or are renewed, we are too far gone to recover. Obama is a *****, so I'll guess that we'll be extending all the tax cuts.

Thunder · Jul 9, 2012

specklebang said:
We've had guns and butter (sounds kind of dated don't it?) for over a decade. Thats because we are the only country that doesn't have to get dollars to do their monkey business with. We are ones who print them.

Wether the tax cuts expire or are renewed, we are too far gone to recover. Obama is a *****, so I'll guess that we'll be extending all the tax cuts.

he has ordered ICE to not enforce certain immigration laws.

is there also a way he can order the IRS to not enforce the Bush tax-cuts on the weathy, using Executive discretion?

Fletch · Jul 9, 2012

lpast said:
Thats a trillion over 10 yrs and thats a trillion the gop doesnt have to steal from the working class ...get the picture

Thats about $85 billion per year. Last years deficit was $1.3 trillion. Take away that $85 billion and you have $1.215 trillion and you have taken $85 billion in potential economic activity out of the economy. Other than temporarily satisfying the insatiable envy of the left, what does it accomplish?

Albert Di Salvo · Jul 9, 2012

lpast said:
Well albert thats all I hear from the teaparty types and DPF far righters...we have to cut Social Security, Medicare, Medicaid, Defense, take guaranteed pensions and take from the troops...then they say..>WE NEED TAX CUTS FOR CORPORATIONS and the rich so they can create jobs....Im so sick of the B*******T lie that it made dump the republican party after 43 yrs...and I aint goin back...

There's some truth in what you say. But when I think of the Democratic Party today I think of Jon Corzine, John Edwards, George "Solyndra" Kaiser, Denise "I renounce my US citizenship" Rich, George Soros, Tim "tax cheat" Geithner, and a whole host of other bad people.

When I was a Democrat we had heroes like George Meany, Walter Reuther, Skip Jackson and Daniel Patrick Moynihan. They have all been replaced by a lesser breed.

Btw, I gave up on the Republicans too. But they aren't as dangerous as this current crop of fat cat Democrats like this bogus Chuck Shumer and his ilk. Posers.

lpast · Jul 9, 2012

Albert Di Salvo said:
There's some truth in what you say. But when I think of the Democratic Party today I think of Jon Corzine, John Edwards, George "Solyndra" Kaiser, Denise "I renounce my US citizenship" Rich, George Soros, Tim "tax cheat" Geithner, and a whole host of other bad people.

When I was a Democrat we had heroes like George Meany, Walter Reuther, Skip Jackson and Daniel Patrick Moynihan. They have all been replaced by a lesser breed.

Btw, I gave up on the Republicans too. But they aren't as dangerous as this current crop of fat cat Democrats like this bogus Chuck Shumer and his ilk. Posers.

Albert im not a democrat...Im just not a republican anymore...I dont like either of them....I refuse to walk any party line...I refuse to spout a parties talking point and and argue it on a forum when I dont truly believe in it in my heart. I think that happens here on both sides OFTEN.
Im 65 yrs old and im here to tell you there is no trickle down...thats a gop talking point to get what they can for their rich constituency.
Their ageless BS story is we need tax cuts so we can invest them into our business and grow the business....hogwash...Since the bush tax cuts no jobs have been created HERE...they grabbed the tax cut and promptly sent more jobs to china.
The gop has done NOTHING but stonewall and try to cut everything for everyone but the 1% and of course give them more tax cuts...
Im for cutting entitlements, Im for reforming...I am not for reverse class warfare and that is honestly and truthfully precisely what I see the gop engaging in and they have been since obama got elected.
I HAVE NEVER VOTED FOR A DEMOCAT in my life....NEVER to this day..I have not voted for a democrat for president EVER...this will be my first.

TurtleDude · Jul 9, 2012

lpast said:
Finally Someone trying to do something for the class that carries this country, in WARS and economically by doing the LABOR and actual WORK...that produces our economy.
Its refreshing to have someone care about those that really need a break and not just slobbering all over themselves sniveling about how very bad the 1% that has 99% has it....

President Obama returns to the tax issue today, with plans to call for a one-year extension of George W. Bush-era tax cuts for the middle class.Obama will again call for letting the Bush tax cuts for the wealthy to expire at the end of the year, saying the revenue can be used to help reduce debt and finance middle class programs like education.
"President Obama today will push for extension of middle class tax cuts," tweeted White House Communications Director Dan Pfeiffer. "Will the GOP join him to provide certainty for 98% of Americans?"

Obama to call for middle class tax cut extension

Oblama is a pimp and he is pandering to people like you

He ran on the argument that the Bush tax rates were "tax cuts for millionaires"-a lie of course and he now wants to retain the same tax cuts he denigrated-as long as he can use them to buy the votes of the many and fuel class hatred

The rich already pay too much of the tax burden and the pimp's scheme will only make that worse

on top of that, keeping the middle class tax rates will convince many of the weak minded that the deficit is not that bad and as long as the rich are screwed over by the pimp, the middle class can continue to demand lots of spending without the middle class having to pay more taxes

the good news is that Boehner et al are going to give Oblama the same choice they gave him last time

everyone keeps the current tax rates or everyone pays more. They are going to send dingy hairy Reid a bill that makes the cuts for EVERYONE permanent. If Harry bottles that up or if the Pimp vetoes it, the dems will be to blame

Message to the pampered indolent middle class-you want to keep your tax cuts you are going to have to keep your class envy in your pants

lpast · Jul 9, 2012

TurtleDude said:
Oblama is a pimp and he is pandering to people like you

He ran on the argument that the Bush tax rates were "tax cuts for millionaires"-a lie of course and he now wants to retain the same tax cuts he denigrated-as long as he can use them to buy the votes of the many and fuel class hatred

The rich already pay too much of the tax burden and the pimp's scheme will only make that worse

on top of that, keeping the middle class tax rates will convince many of the weak minded that the deficit is not that bad and as long as the rich are screwed over by the pimp, the middle class can continue to demand lots of spending without the middle class having to pay more taxes

the good news is that Boehner et al are going to give Oblama the same choice they gave him last time

everyone keeps the current tax rates or everyone pays more. They are going to send dingy hairy Reid a bill that makes the cuts for EVERYONE permanent. If Harry bottles that up or if the Pimp vetoes it, the dems will be to blame

Message to the pampered indolent middle class-you want to keep your tax cuts you are going to have to keep your class envy in your pants

Cant pander to me...Im not poor and im upper middle class and I paid a higher percentage of tax than your sleezebag romney did...you know the guy that wont even tell us his Financials...yeah that guy the one hiding the truth.

Romny has been a rich mans slut since the day his father stuck the golden spoon in his arse in the hospital bassinet...he is clueless to what a real american is and hes been so insulated in life by being born rich he is clueless...get off the soapbox turtle...no one believes you anymore lol...

TurtleDude · Jul 9, 2012

lpast said:
Cant pander to me...Im not poor and im upper middle class and I paid a higher percentage of tax than your sleezebag romney did...you know the guy that wont even tell us his Financials...yeah that guy the one hiding the truth.

Romny has been a rich mans slut since the day his father stuck the golden spoon in his arse in the hospital bassinet...he is clueless to what a real american is and hes been so insulated in life by being born rich he is clueless...get off the soapbox turtle...no one believes you anymore lol...

so you are making over 200K a year--that is the level of income it takes to be paying an effective rate of 14% or so.

Your pathetic class envy is a reflection on you, not Romney.

I don't lie-you do

ttwtt78640 · Jul 9, 2012

Thunder said:
he has ordered ICE to not enforce certain immigration laws.

is there also a way he can order the IRS to not enforce the Bush tax-cuts on the weathy, using Executive discretion?

A "win" for Obama on this moronic tax increase gesture will fund the federal gov't for about 8 or 9 DAYS with this piddly "revenue enhancement", yet the left will leap about and squeal with joy that the rich have paid a bit more of their "fair share", sober up and demand yet more. Note that the ONE YEAR student loan interest rate subsidy, passed last Friday, cost MORE than this "millionaires" FIT rate increase brings in. Yes he can!

upsideguy · Jul 9, 2012

Phoenix said:
They should let the tax cuts expire. This one year, two year extensions are not contributing to stability. Businesses (and people) don't know what their tax rate is going to be next year so they hold off on spending money until they see what happens. Stability is what we need right now.

Sorry, as a business owner I can tell you that is complete silliness. I do what I do to make a profit. I do not make my decisions based upon tax rates, but based upon revenue growth and operating income. I certainly do not hold off on growing my business because I am afraid of taxes. Maybe if more than 1/2 my income were taxed I suppose I might pause, but that his hardly the case.

Anyone that would tell you otherwise is either disingenuous or no idea how to run a business. Income tax is a tertiary concern of operating decisions in a business. Remember, you must have good income before taxation even enters the picture. Even if you do have this "good income", the split between what you keep and what you pay in taxes is still hugely in your favor (as long as marginal rates are under 50%). Sorry, it makes zero sense to ever hesitate in decisions that increase profit??? Its silliness or ignorance to think otherwise.

Albert Di Salvo · Jul 9, 2012

lpast said:
Albert im not a democrat...Im just not a republican anymore...I dont like either of them....I refuse to walk any party line...I refuse to spout a parties talking point and and argue it on a forum when I dont truly believe in it in my heart. I think that happens here on both sides OFTEN.
Im 65 yrs old and im here to tell you there is no trickle down...thats a gop talking point to get what they can for their rich constituency.
Their ageless BS story is we need tax cuts so we can invest them into our business and grow the business....hogwash...Since the bush tax cuts no jobs have been created HERE...they grabbed the tax cut and promptly sent more jobs to china.
The gop has done NOTHING but stonewall and try to cut everything for everyone but the 1% and of course give them more tax cuts...
Im for cutting entitlements, Im for reforming...I am not for reverse class warfare and that is honestly and truthfully precisely what I see the gop engaging in and they have been since obama got elected.
I HAVE NEVER VOTED FOR A DEMOCAT in my life....NEVER to this day..I have not voted for a democrat for president EVER...this will be my first.

There may not be any trickle down, but a rising tide does lift all boats.

I know how you feel about the Republicans. They are almost as bad as the Democrats.

The people who sent jobs to China are part of the elite cohort that runs this country. Some are Democrats and some are Republicans. No one is blameless.

joko104 · Jul 9, 2012

What a joke. ObamaCare is a massive middle class tax increase shifting the burden of indigent health care from corporations and the wealthy to the middle class.

washunut · Jul 9, 2012

lpast said:
Cant pander to me...Im not poor and im upper middle class and I paid a higher percentage of tax than your sleezebag romney did...you know the guy that wont even tell us his Financials...yeah that guy the one hiding the truth.

Romny has been a rich mans slut since the day his father stuck the golden spoon in his arse in the hospital bassinet...he is clueless to what a real american is and hes been so insulated in life by being born rich he is clueless...get off the soapbox turtle...no one believes you anymore lol...

The above reads like the posting of a true independent who has never voted democratic in a presidential race. As probably as me beating Michael Jordon in a game of horse. I take that back less probable, there is a chance I could get lucky with the basketball.

ttwtt78640 · Jul 9, 2012

TurtleDude said:
Oblama is a pimp and he is pandering to people like you

He ran on the argument that the Bush tax rates were "tax cuts for millionaires"-a lie of course and he now wants to retain the same tax cuts he denigrated-as long as he can use them to buy the votes of the many and fuel class hatred

The rich already pay too much of the tax burden and the pimp's scheme will only make that worse

on top of that, keeping the middle class tax rates will convince many of the weak minded that the deficit is not that bad and as long as the rich are screwed over by the pimp, the middle class can continue to demand lots of spending without the middle class having to pay more taxes

the good news is that Boehner et al are going to give Oblama the same choice they gave him last time

everyone keeps the current tax rates or everyone pays more. They are going to send dingy hairy Reid a bill that makes the cuts for EVERYONE permanent. If Harry bottles that up or if the Pimp vetoes it, the dems will be to blame

Message to the pampered indolent middle class-you want to keep your tax cuts you are going to have to keep your class envy in your pants

Perhaps we can have king Barack designate a national period of celebration called "ObamaWeek", thanking the upper 2%, for the 8 1/2 days of federal spending actually supported by them for this added "millionaires" tax increase. Yes he can!

upsideguy · Jul 9, 2012

Fletch said:
Thats about $85 billion per year. Last years deficit was $1.3 trillion. Take away that $85 billion and you have $1.215 trillion and you have taken $85 billion in potential economic activity out of the economy. Other than temporarily satisfying the insatiable envy of the left, what does it accomplish?

This logic comes from the party that told us that cutting $25M from the budget of NPR was all about saving money?

Sorry, but $85B is one of the most powerful single steps toward balancing the budget on the table. The single biggest thing you can do to balance the budget is to fix the economy. About $500B of the problem is a combination of revenue fall off and unemployment benefits. Add the $85B to that and you are halfway home. Get out Afghanistan and return military spending to Clinton era numbers and you are 3/4 of the way there....

upsideguy · Jul 9, 2012

joko104 said:
What a joke. ObamaCare is a massive middle class tax increase shifting the burden of indigent health care from corporations and the wealthy to the middle class.

How do you figure that indigent healthcare is paid by the wealthy and corporations? Post some evidence of this or stand down as it makes zero sense.

upsideguy · Jul 9, 2012

Albert Di Salvo said:
There may not be any trickle down, but a rising tide does lift all boats.

A wonder cliche, but completely meaningless. Please reconcile this claim to our history since 1980 when this shallow slogan was first popularized. Most charts on this show only the yachts rose with the tide while the rowboats and dingys bounced in the rough waters with the occupants getting nothing but sea-sick.

Albert Di Salvo · Jul 9, 2012

upsideguy said:
A wonder cliche, but completely meaningless. Please reconcile this claim to our history since 1980 when this shallow slogan was first popularized.

Are you asking me to dance with you? I'm murder on the dance floor.

ttwtt78640 · Jul 9, 2012

upsideguy said:
This logic comes from the party that told us that cutting $25M from the budget of NPR was all about saving money?

Sorry, but $85B is one of the most powerful single steps toward balancing the budget on the table. The single biggest thing you can do to balance the budget is to fix the economy. About $500B of the problem is a combination of revenue fall off and unemployment benefits. Add the $85B to that and you are halfway home. Get out Afghanistan and return military spending to Clinton era numbers and you are 3/4 of the way there....

How quickly we forget. We spent more than that last Fridy on the student loan interest rate subsidy. Oh, well.

upsideguy · Jul 9, 2012

ttwtt78640 said:
How quickly we forget. We spent more than that last Fridy on the student loan interest rate subsidy. Oh, well.

In the case of student loan interest subsidy, this was an INVESTMENT in the future of the US workforce. Unlike wars and military spending, there is a very tangible return from a educated workforce. These are LOANS, not grants. We have subsidized the interest (which BTW, is still way above the fed funds rate, the subsidy given to banks).

Well, as a datapoint of one, I went to college on student loans. I took out $6K of interest deferred loans, back when interest rates were double digit. I have since paid well over $2MM in FIT (I doubt I would have paid 1/10 of that had I not had a college degree). That was a pretty good return for the federal government (though the State of NY may not like the fact that they provided the loans and I left NY for Colorado two years out of college.... so they just got their 6% interest and two years of NY State income tax, back when I made $16K per year).

Albert Di Salvo · Jul 9, 2012

upsideguy said:
A wonder cliche, but completely meaningless. Please reconcile this claim to our history since 1980 when this shallow slogan was first popularized. Most charts on this show only the yachts rose with the tide while the rowboats and dingys bounced in the rough waters with the occupants getting nothing but sea-sick.

Have you ever read Cervantes' Don Quixote? The protaganist tilted at windmills because he mistook them for malefactors. Because he mistook his the nature of his perceived opponents he ran off half cocked. He saw a windmill and thought it was a knight.

The year 1980 wasn't the one I was thinking about. I had the year 1945 in mind. Do you know history before 1980?

joko104 · Jul 9, 2012

upsideguy said:
How do you figure that indigent healthcare is paid by the wealthy and corporations? Post some evidence of this or stand down as it makes zero sense.

Indigent care is primarily through emergency rooms. Those are primarily paid for by business and residential property taxes. ObamaCare shifts this to people's paychecks. Corporations and the rich pay SIGNIFICANTLY more in property taxes than the middle class. But under Obama care a Billionaire will pay no more for indigent health care than someone punching an hourly clock. ObamaCare is MASSIVE TAX REDUCTIONS for the rich, with the middle class to pick up the difference.

Thunder · Jul 9, 2012

joko104 said:
Indigent care is primarily through emergency rooms.....

which is paid for by artificially inflating ER costs for folks who do have insurance, like you and I.

Bronson · Jul 9, 2012

This is only an extension for 1 year for the middle class.

Pure smoke and mirrors. Record trillion dollar deficits and Obama proposes a tax increase on people making 250K a more a year during a double dip recession. The expected revenue it will generate is roughly 70 billion. Obama's deficit for this year only is only a trillion+. Amazing. We could take away of the "evil rich's" ill gotten gains and it still wouldn't cover the mountains of debt this corrupt and incompetent administration has left us.

The Obamabots jump for joy however, singing praises to their messiah.

Bronson · Jul 9, 2012

Thunder said:
which is paid for by artificially inflating ER costs for folks who do have insurance, like you and I.

It's a myth that Free Riders primarily contribute to the rising cost of HC. It's actually Government spending that primarily contributes to it. Same thing for the skyrocketing cost of tuition which is why the next Big Government Program to pop is going to be the Student Loan Program.

Myths of the "Free Rider" Health Care Problem - Forbes

HC costs are rising because of Obamatax. It's having the exact opposite effect on the cost of HC that was promised at the time it was rammed down our throats against our will. The cost of HC Insurance is also rising and many people are going to lose coverage who the administration promised would be covered. On top of that if you pay the penalty, which is going to be thousands of dollars, that doesn't mean you get "HC Coverage". No wonder Obama needs 16K new IRS agents to enforce this Authoritarian Monstrosity upon us.

Obama to call for middle class tax cut extension

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