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Obama Draws Line in the Sand with Republicans - Will Not Extend Bush Tax Cuts

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posted on Jun, 3 2011 @ 04:05 PM
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Originally posted by poet1b
reply to post by sweetliberty
 


Raising taxes on the super rich isn't going to change the tax rates for small businesses.

Instead of the banking siphoning off all the money to the crooked execs, they will be forced to invest in capital, which will be a boom to small businesses.

This is a big part of why higher taxes on the super rich lead to economic prosperity.


First 250,000.00 a year isn't super rich but obama feels they are.
As for the true super rich had, if we took ALL of their wealth, it wouldn't put a dent into the deficit.
Not to mention the money that belongs to small business is theirs, they use their heads and invest in what they know best. They do not owe their employees more then what is agreed upon in the first place.
I think people are too envious and too lazy minded to make their own path.




posted on Jun, 3 2011 @ 04:09 PM
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reply to post by sweetliberty
 





I think people are too envious and too lazy minded to make their own path.


Yeah all of us making 30k a year a lazy bums.

I'm a lazy SOB. You agree?



posted on Jun, 3 2011 @ 04:15 PM
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Originally posted by David9176
reply to post by sweetliberty
 





I think people are too envious and too lazy minded to make their own path.


Yeah all of us making 30k a year a lazy bums.

I'm a lazy SOB. You agree?


Out of all the posters on here you sound the most envious.
30,000.00 is good but you could do better and you know it. I almost double that.
Btw, how much of that will you forfeit?
If those making zero to 15,000.00 think your rich, how much do you intend to share?
The government works for us, not us for them.
They need to stay the heck out of my wallet



posted on Jun, 3 2011 @ 04:15 PM
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What bothers me the most...

I know that most people will read the first page and skip to the last....it's just how it works.

Everyone will read all of the BS comments by Eurisko and Neo...but not the rest.

He'll still get attention for his crappy ass thread though won't he....because of all the replies.

Mods need to start taking a close look at him.

I see right through the nonsense he is posting. He doesn't deserve the attention he gets and I feel part to blame for it....just tired of seeing this BS.

The average American is struggling. The nerve of someone to call us "lazy bums" or "corrupt" is not only insulting....but incredibly hateful.

To hell with anyone that agrees with them. I am tired of arguing against those who don't support their own interests.

I stand with my neighbor....my friends...and my family. WE are the ones who are taking the bullets for the BS.

HOW DARE THEY demean us.



posted on Jun, 3 2011 @ 04:16 PM
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reply to post by sweetliberty
 


I can "get by" with a very good lifestyle, in Florida, on $80k combined income between my wife and I (and we have 2 young kids with daycare expense). I would "feel" rich on $120k, and I don't know what I would ever do with $250k....... OK, that's a lie, I have plenty of things I would love to do if my income suddenly tripled.


Anyhow, I agree, $250k is not "super-rich" but it is very well to-do for an upper-middle class lifestyle, even here in Florida!

The disparity happens because people of that income and education level can afford to take advantage of every loophole, deduction, and tax professional to skirt around paying their fair share. Someone making $60k or $80k finds it cheaper to just pay their taxes, while someone making $200k finds it cheaper to find tax shelters for their money, and thus they pay less and accumulate more and more.

So, I believe we should streamline the IRS, cut the staff by about 80%, do away with the complicated tax code and graduated brackets, and just tax everyone equally, no shelters, no loopholes, no deductions, no credits.

Set a minimum poverty level of say $10k per single person and each dependent, and then make everyone pay 15% for every dime of gross income above that amount. No cap, no loopholes, nothing complicated.


edit on 3-6-2011 by getreadyalready because: (no reason given)



posted on Jun, 3 2011 @ 04:20 PM
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reply to post by sweetliberty
 


Republicans are the ones who refuse to give tax breaks to the upper middle class, unless they are tied to even larger tax breaks for the super rich.

Businesses only pay taxes on what they do not reinvest in the business. Those who wind up paying on 250k income, typically earn far more money, and are able to greatly reduce their taxable incomes through itemized deductions.



posted on Jun, 3 2011 @ 04:25 PM
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reply to post by getreadyalready
 





...and I don't know what I would ever do with $250k.


The small business might show a 250k profit but thats not the true amount they have to spend on their selves.

I apologize but I have to get ready for my sons graduation but I can finish replying tomorrow, thanks for the discussion.


Edit to add: Grrr, I just realized what I posted and will clarify later, oops, hehe
edit on 3-6-2011 by sweetliberty because: (no reason given)



posted on Jun, 3 2011 @ 04:51 PM
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reply to post by David9176
 


I can only speak for me. I hit your "posts in thread" and read all of your posts.... thats why I said what I said earlier.



posted on Jun, 3 2011 @ 06:21 PM
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reply to post by pajoly
 


....as I was saying...turns out one of Reagan's economic advisors and G HW Bush top Treasury official agrees with me. Just today he is calling out the GOP for its blantant lie about taxes. Oops. Stuff this into your shorts you Limbaugh sycophants:

blogs.forbes.com...




Bruce Bartlett, a domestic policy advisor to President Ronald Reagan and a top treasury official in the George H.W. Bush administration, has committed the unthinkable – he’s called out his own party for outright lying about taxes.



posted on Jun, 3 2011 @ 06:28 PM
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Originally posted by sweetliberty

Originally posted by poet1b
reply to post by sweetliberty
 


Raising taxes on the super rich isn't going to change the tax rates for small businesses.

Instead of the banking siphoning off all the money to the crooked execs, they will be forced to invest in capital, which will be a boom to small businesses.

This is a big part of why higher taxes on the super rich lead to economic prosperity.


First 250,000.00 a year isn't super rich but obama feels they are.
As for the true super rich had, if we took ALL of their wealth, it wouldn't put a dent into the deficit.
Not to mention the money that belongs to small business is theirs, they use their heads and invest in what they know best. They do not owe their employees more then what is agreed upon in the first place.
I think people are too envious and too lazy minded to make their own path.



Facts are stubborn things. Here is a set from an essay today. From a "liberal"? No, try one of Reagan's top economic advisors. he says the GOP is outright lying about taxes. OOPS!




Bruce Bartlett, a domestic policy advisor to President Ronald Reagan and a top treasury official in the George H.W. Bush administration, has committed the unthinkable – he’s called out his own party for outright lying about taxes.


Read it and weep shillers: blogs.forbes.com...



posted on Jun, 3 2011 @ 08:28 PM
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Originally posted by David9176
I find it hilarious when I hear conservative radio yell that it's the governments fault for the private sector not creating jobs.

HOW MUCH MONEY DO THEY NEED????

Can someone ask them please??????????????????????????????????????????????????????????

Someone ask Hannity and Beck how many billions are needed to create ONE DAMN JOB.


Whoa: The govt's at fault forthejob situation" because they regulate and tax the hell out of business, Who can't/won't make long term hiring decisions If they can't plan out ( forecast) their costs ( payroll and benefits)



posted on Jun, 3 2011 @ 08:46 PM
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I think the problem with the economy besides needing more money and dumb ass politicians running the country.... all this would drastically reduce the amount we need to run our country simply by....
.
1) if your needing assistance from the government, you get it for 3 years..thats it...when its done its done...sorry.

2) if your not a citizen of the USA....if your illegal, you get arrested and sent home with a bill to your country for our services...that would completely fund those government agencies.

3) No free health care for illegals they get turned away and arrested and sent home..see #2...hey they wouldn't have gotten sick, injured in the first place if they would have kept there ass at home in there own country.

4) All government assistance is 1 program..eather you get assistance or you don't...oh if you have kids while on it, you actually get less money for being irresponsible and you get caught with tobacco or alcohol and your bills not paid or your kids being neglected, you forfit any further assistance... if you cannot support yourself and your family, you have no buisness smoking, chewing or drinking.

5) They should have to take and pass a drug test before they get there monthly amount.

6) In order to get a check from the government, you have to be available to pick up trash, clean public toilets and roadways...basically you need to get off your butt and do something for your money you are recieving, for the town or city your in.

7) Tax time, if you get any assistance, you get no tax return money...you don't desirve it...you are a burden to the stytem, so the system doesn't need to pay you for you being on welfare.

These will offend many people here...oh well illegal is illegal...if we did this in another country we could be exicuted for being there illegally, so I figure that they are getting off easy.

Think of the HUNDREDS of BILLIONS we would not have to spend if these were laws in the USA.



posted on Jun, 3 2011 @ 08:55 PM
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If you make 250k a year thats not super rich or even rich...you might be well off, but if you work for it, why do I need to give more for the ones that work less? It should be an equil percent that we all pay...it might be $4000- or $100,000,000. the bottom line is we all give the exact same percent for taxes.

The government is like 80% larger than it needs to be...you could reduce the size of it slowly while giving small buisness a chance to get back on there feet and that way the employees the government is letting go, they can apply in the private sector for a job that is able to be created due to less taxes and a stronger economy...we all know that small buisness grows when the government buts the hell out of there buisness.

this is just my humble opinion.



posted on Jun, 3 2011 @ 09:06 PM
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Originally posted by Eurisko2012

Originally posted by David9176
reply to post by Eurisko2012
 


Eurisko...how about we eliminate minimum wage.

The poor are making too much money...the lazy bums!!!!!! They must be low lifes right Eurisko???? They are the scum of the earth right buddy???

Anyway, we eliminate minimum wage...this will surely create MORE JOBS RIGHT???? More profits will bring out more jobs!!!

We'll all be eating toaster shavings...but we'll have jobs...right Eurisko!!!!


Instead of hiding behind victims, i think it would be a great idea to remove the socialist
in the White House and replace him with a capitalist and just watch the unemployment
rate fall to 5%.
-------------------------------
We have to start someplace. Lets start right there.


Whats he going to do start shipping the poor to china? Look at what has happened to this country every time a capitalist gets voted into office. They give tax breaks to their buddies fatten the already over bloated defense budget and look for some country to start some crap with. Now if you were talking about a conservative president then it would be different.



posted on Jun, 3 2011 @ 09:18 PM
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reply to post by David9176
 





We must all be lazy in this country since WE DON'T MAKE ANYTHING HERE ANYMORE. Yeah, government has had to pick up the slack for the DESTRUCTION OF WAGES AND JOBS.....ironically because of free trade and lack of enforcement from anti-trust laws....both caused by the government. You attack the wrong people...you are attacking the victims and IT IS WRONG.


Well said brother. I get tired of people attacking the average guy on the street. Corporations have been deregulated and they're acting like kids in a candy store. Small companies are being bought out by large corporations and there is less competition. The little guy loses and corporations go laughing all the way to the bank. They close up shop and build plants in China just so they can increase their profits for their share holders and boost salaries for upper management. Yet people continue to support tax breaks for the upper echelon. Nothing like shooting yourself in the foot.



posted on Jun, 3 2011 @ 09:21 PM
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Doesn't Obama know? We have to give EVERYTHING away to the wealthiest five percent while increasing the tax burden on the working class. This is the ONLY way to ensure the rich stay rich, er.... 'jobs'.



posted on Jun, 3 2011 @ 10:31 PM
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Originally posted by David9176
reply to post by sweetliberty
 





I think people are too envious and too lazy minded to make their own path.


Yeah all of us making 30k a year a lazy bums.

I'm a lazy SOB. You agree?


Wow, you are very sensitive right now. I did not say you were a lazy bum. I do not agree that you are a "lazy SOB" either.
What I said was lazy minded. Maybe I should have hyphenated the words together, lazy-minded.
Anyone who works, who has a job no matter what the job is, is not what I would call a lazy bum, lol. I'm sorry you took it wrong.
I think it's wrong to continue to drain our wallets. There will always be an excuse for "Republicans and Democrats" to take more and more and more. Right now, mostly the Democrats.
Personally I think the label was hijacked by a bunch of control freaks who live too far outside of real life.
I will reply to others later, it's time to get ready for work.



posted on Jun, 3 2011 @ 10:42 PM
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The reason we continually hear for tax cuts for the wealthy is because they supposedly create jobs with tax cuts, well, this tax cut under Bush has been in effect now for 10 years. So how is that true? It's a lie that is continually repeated to this day on TV by Republicans. Has it ever even been shown that tax cuts for the wealthy have EVER created jobs in America?

I'm not sure of the exact numbers but this tax cut for the wealthy has cost around a trillion dollars over 10 years. I'm too lazy to look up the exact number but it could be even higher. And yet we hear Republicans on TV every day talking about "entitlement" programs and how they need to be reformed and how everyone needs to "tighten the belt". I guess, once again, that doesn't apply to the wealthy in this country, the ones that actually are in a position to sacrifice a little.

Class warfare might be stupid for some but it's a fact of life in America. A high sales tax, for example, effects people that make less money much more than someone that makes a much higher wage. The rich continually get richer, a small percentage of the population continues to accumulate more of the country's wealth, while the majority gets poorer or stays the same. How is that not class warfare?

I get it, the government is incompetent, spending to needs to be cut, etc. but the fact is the corporations and wealthy are sure as hell not going to look out for anyone. There are social programs that are part of this country that are endanger. I'd rather the government get reformed and the wealthy pay their fair share of taxes so we don't lose these programs (among other reasons) that millions rely on.



posted on Jun, 3 2011 @ 10:55 PM
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reply to post by origamiandurbanism
 


Andrew Leonard couldn't agree more:



The Hill reports the House Republican response to Friday morning's distressing jobs report.

House Republicans pinned the blame for Friday's disappointing jobs report squarely on the White House, saying the Obama administration's "over-taxing, over-regulating and over-spending" has stifled economic growth.
"One look at the jobs report should be enough to show the White House it's time to get serious about cutting spending and dealing with our ailing economy," Speaker John Boehner (R-Ohio) said.


How many blatant untruths can a Republican speaker of the House stuff into one sentence? Quite a few!

1) President Obama has cut taxes. His stimulus bill included tax cuts for 95 percent of all American working families. He signed off on the extension of the Bush tax cuts, while throwing in a new payroll tax cut for good measure.

2) Over-regulating? Set aside, if you can, the fact that under-regulation clearly played a significant role in creating the worst economic crisis since the Great Depression. Let's just take a look at the two sectors of the economy that we might expect to have been affected by the two biggest signature pieces of legislation signed into law by Obama -- the Affordable Care Act and the Dodd-Frank bank reform act. According to this morning's jobs report, the healthcare sector has averaged 24,000 news jobs a month over the past year -- and accounted for almost a third of May's overall 54,000 gain. Meanwhile, Wall Street had its fourth most profitable year ever in 2010. If that's over-regulation, we need more of it!


www.salon.com.../tech/htww/2011/06/03/this_why_the_united_states_is_doomed



posted on Jun, 3 2011 @ 11:07 PM
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"over-taxing, over-regulating and over-spending"

I cannot believe some of the crap that comes out of the mouths of some of these politicians mouths. Some of it (over-taxing) is just blatant lies. Taxes are lower than they have been in decades in most instances.

What exactly is the endgame for some of the politicians in office? That the majority live in shacks, living out their lives as virtual slaves, while only the wealthy can afford anything? And the government is there only to ensure there are no revolutions and to keep the majority in their place?




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