Let’s assume the unthinkable and the Bush tax cuts are made permanent for all. Very little is forever and Congress could always come back and increase the taxes on the rich thus ending the Bush cut for the wealthy. Why this is unacceptable is a mystery to me except that Congress is loath to do real work.
Britt conveniently ignores and misleads either intentionally or by ignorance. The middle class and the poor will receive the same tax cut as the wealthy if Bush taxes are extended. Why would Britt lie about this? Why not also point out that while the 700 billion price tag for the wealthy sounds big it pales by comparison to the over 3 trillion in debt that tax cuts for the middle class and poor will cost.
Everyone is under the impression some form of the tax cuts will go through. So it’s either $3 trillion in additional debt for 98% of Americans, or ~$4 trillion for 100%. $700 billion was seen as “runaway” spending for the Stimulus. So if the stimulus was too big, and about its size is the difference between the Democrat and Republican plan in terms of deficits, why is it deceptive to point out the size difference between alternatives?
I’d say “The Base” is modeled on me, but I usually put more 4-lettered words in my “the Dems need to grow a spine” rants.
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Jade, the difference is that Republican deficit spending is good for America. If you don’t believe that, you’re an unpatriotic filthy dirty traitor and need to be water-boarded into submission.
Basic economics guys, the decrease in the tax rate (there is no such thing as a tax “cut”) implemented by President Bush included every American at every income level. The Republican proposition is to continue the current tax rates, which mean NO loss of revenue.
As for the healthcare debacle, did anybody notice that one of the major insurance companies out of Hartford just asked for a 47% increase in premiums for health insurance? Many insurance companies have now stopped selling individual health insurance altogether. With the stipulation that they must accept pre-existing conditions, it is obvious that healthy people will not purchase insurance until they must USE it. So now, it will not be available for anybody. Nice job, Mr Obama. Instead of decreasing the number of uninsured, you’ve raised it.
Mr Doody, you’re ignoring the fact that no Republicans are at all interested in extending the Obama tax cuts (part of the stimulus package). These tax cuts were for the middle class. So, the middle class ARE having their taxes raised even if the Bush tax cuts are extended.
Also, please remember that that Bush tax cuts vastly favored the rich. The middle class got a tax cut, but it wasn’t much by comparison. So, letting the Bush tax cuts expire and reforming the tax system from the ground up would help the middle class much more.
It is obvious you need to study taxes a bit more to correct some of your false impressions. I doubt that is likely to happen. As for my comments: panel 3 and 4 taken together implies that if Bush tax cuts are made permanent thus providing a tax cut for the rich there will be no similar relief for the remaining 98% of Americans. This is false and what I referred to in my comments. 98% of American under the GOP plan will receive a 3 plus trillion dollar tax cut. The total cost of all Bush cuts extended for 10 years is 3.9 trillion with about 700 billion going to the top 2%, many of whom are business owners filing as individual taxpayers. We have a sliding marginal rate that taxes the rich at a higher rate than the middle class. The rich not only pay a higher rate of taxes but more in absolute dollars. Many are not happy with this and they want more money. As of 2007 the top 1% paid more than the bottom 95% in taxes and the trend is continuing upward. A very real question for people like you is what is enough? How much do you want the so called rich to support you day to day life. 40% of you pay nothing or get money back now. I don’t qualify as rich but I also believe in paying my own way through life. It seems to be an idea that I share with very few of you.
mrdoody over 13 years ago
Let’s assume the unthinkable and the Bush tax cuts are made permanent for all. Very little is forever and Congress could always come back and increase the taxes on the rich thus ending the Bush cut for the wealthy. Why this is unacceptable is a mystery to me except that Congress is loath to do real work.
Britt conveniently ignores and misleads either intentionally or by ignorance. The middle class and the poor will receive the same tax cut as the wealthy if Bush taxes are extended. Why would Britt lie about this? Why not also point out that while the 700 billion price tag for the wealthy sounds big it pales by comparison to the over 3 trillion in debt that tax cuts for the middle class and poor will cost.
Jaedabee Premium Member over 13 years ago
Everyone is under the impression some form of the tax cuts will go through. So it’s either $3 trillion in additional debt for 98% of Americans, or ~$4 trillion for 100%. $700 billion was seen as “runaway” spending for the Stimulus. So if the stimulus was too big, and about its size is the difference between the Democrat and Republican plan in terms of deficits, why is it deceptive to point out the size difference between alternatives?
Jason Allen over 13 years ago
I’d say “The Base” is modeled on me, but I usually put more 4-lettered words in my “the Dems need to grow a spine” rants.
—————
Jade, the difference is that Republican deficit spending is good for America. If you don’t believe that, you’re an unpatriotic filthy dirty traitor and need to be water-boarded into submission.
rockngolfer over 13 years ago
If tax cuts go on for too long, quantative easing could not work, but I think we are a long way from the armageddon the repubtards predict.
Loco80 over 13 years ago
Basic economics guys, the decrease in the tax rate (there is no such thing as a tax “cut”) implemented by President Bush included every American at every income level. The Republican proposition is to continue the current tax rates, which mean NO loss of revenue. As for the healthcare debacle, did anybody notice that one of the major insurance companies out of Hartford just asked for a 47% increase in premiums for health insurance? Many insurance companies have now stopped selling individual health insurance altogether. With the stipulation that they must accept pre-existing conditions, it is obvious that healthy people will not purchase insurance until they must USE it. So now, it will not be available for anybody. Nice job, Mr Obama. Instead of decreasing the number of uninsured, you’ve raised it.
ARodney over 13 years ago
Mr Doody, you’re ignoring the fact that no Republicans are at all interested in extending the Obama tax cuts (part of the stimulus package). These tax cuts were for the middle class. So, the middle class ARE having their taxes raised even if the Bush tax cuts are extended.
Also, please remember that that Bush tax cuts vastly favored the rich. The middle class got a tax cut, but it wasn’t much by comparison. So, letting the Bush tax cuts expire and reforming the tax system from the ground up would help the middle class much more.
mrdoody over 13 years ago
It is obvious you need to study taxes a bit more to correct some of your false impressions. I doubt that is likely to happen. As for my comments: panel 3 and 4 taken together implies that if Bush tax cuts are made permanent thus providing a tax cut for the rich there will be no similar relief for the remaining 98% of Americans. This is false and what I referred to in my comments. 98% of American under the GOP plan will receive a 3 plus trillion dollar tax cut. The total cost of all Bush cuts extended for 10 years is 3.9 trillion with about 700 billion going to the top 2%, many of whom are business owners filing as individual taxpayers. We have a sliding marginal rate that taxes the rich at a higher rate than the middle class. The rich not only pay a higher rate of taxes but more in absolute dollars. Many are not happy with this and they want more money. As of 2007 the top 1% paid more than the bottom 95% in taxes and the trend is continuing upward. A very real question for people like you is what is enough? How much do you want the so called rich to support you day to day life. 40% of you pay nothing or get money back now. I don’t qualify as rich but I also believe in paying my own way through life. It seems to be an idea that I share with very few of you.
believecommonsense over 13 years ago
thanks for that link, fennec