Bush-era tax cuts
- Thread starter witness23
- Start date
greg334
Veteran Expediter
First thing is the word Tax Cut not be used.
The second thing is to leave them alone.
When ever people, especially educated people use the terms "billionaire" and "tax cut" in the same paragraph, it is to tell us how intelligent they are simply because people who achieved that title do not pay income taxes to begin with, they pay taxes in other ways.
The last point is simply that if these millionaires, like hollywood types want to see taxes raised, it can start with them. The US treasury department will be more than happy to take any donations these millionaires want to make, even whole fortunes for that matter but to believe for a second that they will lead by example and actually give more than their 'fair share' may be the same reasoning behind the second point.
OH I can add one more thing - I think we need a tax on artists, especially actors/actresses and other movie rich people. They produce nothing but entertainment which doesn't create jobs like manufacturing does. SO it is right that industry gets the crap taxed out of them.
The second thing is to leave them alone.
When ever people, especially educated people use the terms "billionaire" and "tax cut" in the same paragraph, it is to tell us how intelligent they are simply because people who achieved that title do not pay income taxes to begin with, they pay taxes in other ways.
The last point is simply that if these millionaires, like hollywood types want to see taxes raised, it can start with them. The US treasury department will be more than happy to take any donations these millionaires want to make, even whole fortunes for that matter but to believe for a second that they will lead by example and actually give more than their 'fair share' may be the same reasoning behind the second point.
OH I can add one more thing - I think we need a tax on artists, especially actors/actresses and other movie rich people. They produce nothing but entertainment which doesn't create jobs like manufacturing does. SO it is right that industry gets the crap taxed out of them.
The top 2% of income earners spend approximately 30% of the disposable income. Raising taxes will reduce spending and cost jobs. Here's an idea, cut, cut, CUT spending especially on CRIMINAL aliens, "stimulus packages" and foreign interests who are not even our friends and allies when we're paying them much less without payment.
witness23
Veteran Expediter
Bush-era tax cuts. hmmm.....Bush cut taxes during his era as President, why wouldn't you call it tax cuts?
witness23
Veteran Expediter
Agreed. Lest not forget the corruption that goes on in Washington AND at the State level.
Take for instance the $7.4 billion Health Bill for 9/11 responders that's in the Senate right now being fillibustered by the GOP.
I highly doubt that Republicans in the Senate do not want to help out 9/11 victims. Here is a Bill that does just that; but are they worried about ALL of the money going to where it is supposed to go? I hope so.
If there are questions how the money will be dispursed and they are worried about corruption, then I applaude the Senate Republicans. Just do it across the board and not just when it serves you or doesn't serve you and your constituents.
Link to CNN: 9/11 responders bill defeated by Senate GOP filibuster - CNN.com
Link to Fox: Health Bill for Sept. 11 Survivors Falls Short in Senate - FoxNews.com
True victims should be compensated obviously,but there is probably a lot of them who are gaming the system.
greg334
Veteran Expediter
Because they were adjustments to the system, not all cuts and they took place in his first term, not his presidency.
They reduced the tier amount to a reasonable level, changed deductions and reduced the tax on adjusted income.
If it was just cuts, we would have the same tiers, the same deductions and nothing but rate changes.
dieseldiva
Veteran Expediter
It would help to get things through faster if they didn't load up these bills with all of their extra goodies. I know it's a naive thought but why can't they just do one thing at a time instead of playing games......BOTH sides.
greg334
Veteran Expediter
Actually this bill should be defeated because it is not the job of the Federal government to provide health care for state and city employees. It does not matter what the event was, what matters is we do not have the money any more and if it is going to be a "shared sacrifice" then it starts with getting this idea that the feds need to be involved. It is something we need to really stop doing, when there is a disaster, the feds step in and take over and the people think that they will solve all the problems. Maybe by forcing the state and city of NY to actually demand their insurance companies do more, it will be a start of the right responsibility in the right place.
As far as the republicans, they are late to the party. They had 5 years in control and didn't make these tax changes perminate but at the last moment, after it has been talked about for over a year, we see unemployment rise and it is a mad rush to get this passed.
Isn't this just like February 2009 when Obama said "we must do this to avoid a depression greater than the great depression"?
witness23
Veteran Expediter
Alrighty then. How 'bout this? We'll call them, Bush's 2001 and 2003 tax provisions. Unless of course you have a better way of describing what is going to happen or not happen to our taxes on Jan. 1st. 2011.
witness23
Veteran Expediter
In simple terms, I would like to see them expire, go back to what they were. The "Sunset Provision"(for more on that go here:http://www.taxfoundation.org/news/show/26312.html) was put in place because these tax provisions are not payed for. Cut spending and pay down the deficit.
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greg334
Veteran Expediter
Actually that is what they should be called.
The problem with the expiration is that regardless how it is looked at, this will negatively impact the economy AT THIS TIME. Too much ambiguity has been within the labor/business market waiting for the WH to get off their a** and do something.
As for the 'experts', the revenues that the congressional groups are talking about are projected to be produced the revenue are based on a double digit growth coming out of the 2009 recession numbers that have been adjusted a few times, not a factual 2010 third quarter.
IT IS just like the trade balance shrinking, they have thrown out that number the other day and then seem to spin it as we are gathering steam in our manufacturing sector, above the pre-2009 production numbers. The opposite is true, we are not gaining in the trade balance but something else is affecting the numbers. In fact we have lost a lot of our capacity and China's inflation issues, the fact that the dollar is so cheap and their contraction in their goods to their market have a lot to do with it. EU's trade balance also shrank by the way.
witness23
Veteran Expediter
Care to share with us on how you would know if I was or was not a deficit hawk? When you have something intelligent to say come back and join the conversation.
dieseldiva
Veteran Expediter
So......YOU'RE going to be the judge of the membership's intelligence and decide who goes where on the board??
greg334
Veteran Expediter
How Maddening!!
The republicans promised that they will not allow anything to pass in congress until these tax provisions are extended, riding the wave of the new republicans who want to cut spending.
BUT they need the democrats to pass all of this, the same democrats who are screaming that they are the freind of the middle class and all that BS.
SO in order for them to agree to vote for the tax extension, they behind closed doors broker a deal to add some pretty hefty incentives to the bill that increases the cost to $857 billion.
I think that the republicans still do not know how to leverage this fight against Obama, their messiah and they expect us, the US tax payer to just deal with it.
I feel that this is a lost deal for this year, and we should now wait regardless what happens to the economy for the new congress to come in and prove themselves instead of depending on this old guard who seems to want to let ear marks pass and compromise instead of fighting.
The republicans promised that they will not allow anything to pass in congress until these tax provisions are extended, riding the wave of the new republicans who want to cut spending.
BUT they need the democrats to pass all of this, the same democrats who are screaming that they are the freind of the middle class and all that BS.
SO in order for them to agree to vote for the tax extension, they behind closed doors broker a deal to add some pretty hefty incentives to the bill that increases the cost to $857 billion.
I think that the republicans still do not know how to leverage this fight against Obama, their messiah and they expect us, the US tax payer to just deal with it.
I feel that this is a lost deal for this year, and we should now wait regardless what happens to the economy for the new congress to come in and prove themselves instead of depending on this old guard who seems to want to let ear marks pass and compromise instead of fighting.