Quantcast

Comments about ‘Obama announces debt plan built on taxes on rich’

Return to article »

Published: Monday, Sept. 19 2011 10:46 a.m. MDT

Comments
  • Oldest first
  • Newest first
  • Most recommended
ute alumni
Tengoku, UT

just can't wait for buffet to be paying the same taxes as his secretary and for o's buddy jeff at ge to start paying taxes at all. you gotta love o and his continued class warfare and lack of reality. this is really going to get the economy going. libs better push hillary to run....did i really say that? c.o. gone in 15 months. wish it were sooner.

Jared
Average, SE

$1 of the "spending reduction" comes from reductions that already were going to occur (Iraq and Afghanistan).

As for raising taxes on the wealthy and corporations: "'It's only right we ask everyone to pay their fair share,' Obama said."

So, is it fair that nearly 50% of income earners do not pay federal income taxes? Obama was quoted as saying everyone should pay their fair share but he only wants to raise taxes on the wealthiest. I'm not opposed to tax increases on the wealthiest but we should also do something about the 50% who do not pay. People have a difficult time feeling responsibility for things that they receive for free (the federal government). It's easy to want the government to do more when you do not have to foot the bill.

Raising corporate income taxes is not a good idea though. We need to reduce corporate income taxes and streamline all of our taxes. Both Jon Hunstman and Mitt Romney have good ideas about addressing the deficit.

Pres. Obama's plan is an okay plan but it's not the best fix for the problem. At best it delays the consequences of our fiscal irresponsibility a few years.

WhatsInItForMe
Orem, Utah

Tax and spend. Yup. That's definitely the way to prosperity. It's a time-proven process. Right?

The more you tax your citizens, no matter their income, the more money they'll have to put back into the economy. Right?

Yup, that really makes sense, doesn't it?

NOT!

spring street
SALT LAKE CITY, UT

@Whatsinitforme

right because letting the ultra rich keep more of their money has really helped our economy over the last 10 years, right? NOT!

Look I said it on the other thread of the same article and I will say it again here. We can go back and forth exchanging empty rhetoric (yes my comment above included) all day or we can grow up and realize any recovery is going to have to come from a combinations of cuts in services, increases in taxes and reforms of the system, but somehow I doubt this thread will ever get to a place we can have adult conversation about what we need to do, what do you all think? Prove me wrong, please prove me wrong I really want to be wrong about our ability to come up with realistic solutions.

  • 10:22 a.m. Sept. 19, 2011
  • Like (4)
  • Top comment
reader1234
South Jordan, UT

I listened to his speech and he really has no idea what he is talking about or he knows he is lying. Liberals have to agree that his speech was very misleading. Buffets income tax rate is higher than his secretary's. It's his captial gains rate (15%) that is lower than his secretary's, but all the money he uses to invest to get captial gains has already been taxed at a very high 35%. He is not being honest.

FatherOfFour
WEST VALLEY CITY, UT

One of the proposals of this plan is to change the way depreciaition of private jets is calculated. This is sure to wreck the economy.

knayrb01
sandy, UT

Withdrawing all those troops from Iraq and Afghanistan means that all those troops will be unemployed. Was that calculated in the equation?

Taxing the rich doesn't help because there isn't enough rich to make much difference. The rich will pass the cost onto the middle class anyway by reducing income of workers or charging more for products. Obama must cut programs and people need to quit relying on the government for day to day living.

Richard Saunders
Provo, UT

@spring street
I think we can have an adult conversation about this. I, personally, would hate to see any sort of tax hike be part of the equation, because it has been promised before as a way to balance the budget, but only led to more spending. BUT, if I am serious about balancing the budget, and I think I am, expiration of the Bush tax cuts has to be part of the plan. (they were never meant them to be permanent anyway). Everything has to be on the table. Military spending, the entitlements, some social programs will have to be cut or eliminated. We need overhaul and reform of the tax code. I think this should be our baseline. We have to agree that everything has to be part of the process, and then we can argue about amounts and timing and what makes us most solvent in the future.

Brother Chuck Schroeder
A Tropical Paradise USA, FL

Paul Ryan and Mitch McConnell, Senate Republican leader, said the proposal would hurt corporate investment in an already stagnating economy caused by the Koch Brother's. He lies. State-run Chinese companies are pouring billions of dollars into development projects in a region long considered Americas backyard the Caribbean. China announced this week last it will provide $1 billion in loans to Caribbean nations to finance infrastructure projects. The loans will be made available through the state-run China Development Bank, Chinas Vice Premier Wang Qishan said in Port of Spain, capital of Trinidad and Tobago. China's wooing of the Caribbean is part of a global push by Beijing promoting loans and investment while seeking natural resources and political influence in the developing world from Africa to Latin America. U.S. Tea Party non-leaders criticized President Barack Obama's proposal for a new tax on millionaires, calling it "class warfare" and predicting it will face heavy opposition in Congress. Obama is expected to propose a "Buffett Tax" on people making more than $1 million a year as part of his recommendations to a congressional super committee seeking long-term deficit savings. Taxing the ultra-rich - great idea.

common sense in Idaho
Pocatello, id

For the last unbelievable time Obama's plan does include spending cuts. READ THE PLAN. For goodness sake. It's a balanced approach to cutting the deficit. Increased revenues and spending cuts. Who here doesn't get that?

That's what it's going to take. Let's get on with it. No more bickering while the country flounders.

Also to the poster who said what about the unemployment rate if the wars are ended. Why don't we start another two or three wars? Think of the additional employment we will have. Pure genius.

Riverton Cougar
Riverton, Utah

""We can't just cut our way out of this hole," the president said."

Then why did you dig the hole that deep, Mr. President? Wasn't it deep enough as it was before you came along and decided to make it a bottomless pit?

spring street
SALT LAKE CITY, UT

@richard saunders

I agree, I think we need to look at how we do business from top to bottom. I think any ends to the tax cuts need to come with fiscal responsibility and the added revenue actually needs go go towards that end. So any ideas of how to get our elected officials attention and get them to focus on reasonable changes? We have tried the old throw the bums out many times but frankly it gets us nowhere. There is so much bad information out there its hard to wade through it all and try to find out whats really going on. Its far to easy to just find an answer that already fits our preconceived ideas and stop looking. Its going to take a far amount of discipline by the voters to get the right information and then try to hold their elected officials accountable.

FatherOfFour
WEST VALLEY CITY, UT

@knayrb01 - the troops will not be unemployed. Most of them are active duty and will just retrun to home station like they always have. Those that are in the National Guard or reserves will return to the same jobs they had when they were initially deployed. USERRA law guarantees that these troops can return to their previous job. In any case, we have been rotating active duty and guard troops through that region for the last 8 1/2 years. It's a pretty standard procedure by now. Besides, the Status Of Forces Agreement signed in 2008 by President Bush mandates that we will have all troops out by the end of 2011.

JustGordon
Cottonwood Heights, UT

If the President's plan is "class warfare," then surely the Republican plan to gut Social Security, Medicare and Medicaid is genocide on the Middle Class.

The 50% that don't pay any income tax is a fabrication. The majority of Americans who do not pay income taxes are single mothers with children or singles who work part time or at minimum income jobs. The correct percentage is closer to 38% and most of those people are the result of the earned income tax credit championed by the Bush administration.

Why shouldn't the rich pay at least as much in taxes as I pay? If tax cuts really do produce jobs, how many jobs exist because of the last two "Bush" tax cuts? How many jobs will be created for each 1% in taxes we cut? Make Republicans cite some reliable study on both questions.

Joey D
WEST VALLEY CITY, UT

spring street | 11:00 a.m. Sept. 19, 2011

"We have tried the old throw the bums out many times but frankly it gets us nowhere." How hard have we tried w/senator Orrin Hatch in his 34th year.

one vote
Salt Lake City, UT

Allright Real debt reduction finally instead of mean-spirited tea party cut welfare and social programs the evangelicals don't like only.

KM
Cedar Hills, UT

justgordon

Don't you mean how many jobs will be 'saved or created?'

Also, you sound like you are all for fairness. If that is the case then you believe that everybody should have some skin in the game no matter how little or much they make. Have you ever read the fair tax book? It sure would be better than the tax system we have now, that only divides us and is used to buy votes from dependent people.

Why does this president always divide our country by race or class? Sal Alinsky is alive and well, and lives in the white house.

Carnak
Salt Lake City, UT

Before asking the people already paying 90% of the total tax revenue (that's right people, the top 5% of earners in America pay over 90% of the total tax revenue collected by the Treasury) to pay more, how about a plan to have the 60% of Americans who pay NO tax, pay atleast some tax.

Fred44
Salt Lake City, Utah

Seems like a reasonable place to start. Not sure why so many on this board are so opposed to closing loopholes that are only available to certain groups or to the wealthiest of Americans, and at the same time went to extract a few dollars from those who can't even feed their family now. It frightens may that so many in this state believe that to consider asking the wealthy to pay a little bit more in taxes is such a horrible idea. Before anyone goes crazy please don't tell me they already pay 80% of the income tax. They have 90% of the money so they are getting of light. They wealthy are not creating jobs right now, they are simply getting wealthier, and the republicans want to cut their taxes so they can have all the money not just most of the money. I am in what is left of the middle class, the FICA break helps me, but notice the republicans are against that, because it really doesn't help the wealthy, because they pay no FICA taxes on their income over $100,000.

IDC
Boise, ID

I totally agree with Obama on everyone doing their part. Everyone should pay tax. If stimulus checks are mailed out, everyone should get one. Enough with the 46% of earners who are getting a free ride to live in this wonderful country. Let's all roll up our sleeves and start paying our own way.

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments