Comments about ‘Senate passes cuts for all but richest Americans’

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Published: Thursday, July 26 2012 1:16 p.m. MDT

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atl134
Salt Lake City, UT

Technically they passed cuts for the richest Americans too since they still get the tax benefits on their first 250k of income.

Hellooo
Salt Lake City, UT

All together now, shout it out, pander, pander, pander!!!!

worf
Mcallen, TX

I hope we don't have civil riots, as anger spreads among our citizens. I never knew success would be treated as criminal activity.

Pagan
Salt Lake City, UT

The Bush tax cuts cost America $2 trillion dollars.

Would anyone like to claim they created jobs.

I did not think so.

America survives by the middle class. Not the wealthy who need to fabricate claims like job creator...

to hoarde their money even more.

Mountanman
Hayden, ID

A democrat never met a tax increase they don’t love! What will the government do with more money? More Solyndra scams, more food stamps, more GSA parties, more fast and furious cover-ups? Gee, we have to do with less but the government simply cannot, will not cut spending, wasting our money!

PeanutGallery
Salt Lake City, UT

Clever use of semantics. No, the Senate didn't pass a "tax cut" -- not at all. They voted to keep the CURRENT rates for some people (which have already been in place for about 10 years).

But this vote also included the RAISING of taxes on millions of small businesses. That's a bad idea -- hurting the job creators -- but it's an ESPECIALLY bad idea when the economy is doing so poorly.

This tax increase will only make things worse, so it's obviously not intended to actually help the economy. Rather, it's part of Obama's re-distribution/"fairness" ideology, the result of which will be to make everyone poorer.

a bit of reality
Shawnee Mission, KS

@ Mountanman

You said, "A democrat never met a tax increase they don’t love!"

That's an ironic response to the Democrats passing a bill to lower everybody's taxes (as atl134 correctly pointed out, even the top 2% get a break on the income taxes on the first $250k of earnings).

Happy Valley Heretic
Orem, UT

Mountanman said: A democrat never met a tax increase they don’t love!

Well somebody's gotta pay for republican unfunded wars, prescription plans, and welfare for corporations, you know the little billions the republicans kept off the books, You know the "deficits don't matter crowd" well they don't matter until a democrat is president.

worf said: I never knew success would be treated as criminal activity.
Please explain how removing a temporary tax reduction is treating someone as a criminal.
What is criminal is wealthy corporations demonizing the middle class for not taking what they are given and liking it.

md
Cache, UT

Increase taxes for all! OR....Decrease taxes for ALL! Just treat everyone equally. The only fair tax is a flat tax. Libs and Conservatives just don't get that "Liberty and Justice for ALL", was not created for one sub-group in our country.

mcdugall
Layton, UT

How soon do people forget what 8 years of George W. Bush economic policies have caused. There will always be corruption in government and inefficiencies. One thing we can be proud of the Obama administration is the reduction in the war machine and an attempt to make the middle class stronger. The idea that the rich create jobs is mostly myth, also the idea that lower taxes lead to economic grow is also questionable, when entrepreneurs create business they often do not use their own income, they seek funding from local banks, investment banks, government backed loans, and vulture capitalist. If there is an opportunity for someone to make money, they will pursue that activity, our taxes are still low compared to the developed world and are at a modern day low.

LDS Liberal
Farmington, UT

Yes!

And if they don't want to be taxed on it,
all they have to do is;

1. spend it
or
2. Invest it

Either one of those is the heart & soul, life and blood of our Capitalist economic system.

And I'm getting tired quite frankly of Uncle Sam being the only one to pump money into a system to keep things afloat while the Uber-rich Fat-cats do absolutely NOTHING.

Republicans LOVE lecturing us all about "Trickle Down" economics.

Show me, Don't tell me.

Having all those $Trillions of dollars horded away, sitting idle far away in Foreign banks is helping nobody but themselves.

RedShirt
USS Enterprise, UT

Here is the funny thing. In other articles the liberals would be screaming that "trickle down" economics doesn't work, and that tax cuts do not stimulate the economy. Yet here we have liberals pushing for tax cuts that are a key component of trickle down economics and not one of the usually rabid liberals is saying anything about how tax cuts and trickle down doesn't work.

If the Bush tax cuts were so wrong, why do liberals keep extending them? Wouldn't that mean that the tax cuts were the right thing to do?

a bit of reality
Shawnee Mission, KS

RedShirt,

Tax cuts to the working class do more to stimulate the economy than tax cuts to the rich--lower the taxes of a working man by $1,000 and he'll turn around and spend an extra $1,000. Lower the taxes of a rich man by $1,000, and he just has a little more money to save in his Swiss bank account.

Everybody agrees that tax cuts stimulate the economy. The question is whether they stimulate the economy enough to pay for themselves. That's where the Republican snake oil comes in--they claim that if the government doesn't have enough money then the best way to increase revenue is to lower taxes. As the current economic situation proves, lowering taxes causes lower revenues.

Truthseeker
SLO, CA

Eventually tax cuts will need to expire for everybody. The issue is the economy and who can absorb the increase in taxes now vs later? It is reasonable and prudent to let the tax cuts expire for upper levels of income, and as the economy recovers and the unemployment rate decreases then allow tax cuts to expire for everyone else.

worf
Mcallen, TX

It's the government--not rich people. Let's put the shoe on the right foot.

Take all the money of rich people, it does nothing to lower the debt.

Go live in a country with no rich people and see how you like it. Begging on the streets is a way of life.

Fred44
Salt Lake City, Utah

Counter Intelligence Is it only class warfare when you impact rich peoples taxes, or is it also class warfare when those who make under $112,000 pay FICA on every dollar they make, and those who make over $112,000 pay FICA on their earnings up to $112,000.

I am amazed that the republicans can create victims out of those who have prospered the most in this country. The only thing more amazing is how many people buy into the poor rich people line that republicans sell. Please don't tell me these people are the job creators, unless you will admit they are the job creators in China and Indonesia and other countries that don't pay a living wage. The majority of job creators in this country are the small business owners who make under $250,000 a year. I would favor giving the wealthy a tax break on every dollar they put back into their business and creating jobs, wait a minute, we already do that. Ok I would be willing to give an even bigger tax break on money that is reinvested in the economy of this country not the economy of other countries.

worf
Mcallen, TX

Imagine the North Korean government softening up, and giving American rich people the opportunity to build their businesses there.

The standard of living would greatly improve, and gratitude would abound.

It's a shame how we've become a nation of beggars, and whiners, wondering why we can't be given more from those who succeed.

HS Fan
Salt Lake City, UT

If both parties argee that the current tax rate for 98% should be maintained why can't it be done? When Congress can't do what is agreeable to both sides we're all in trouble.

atl134
Salt Lake City, UT

@Mountanman
"A democrat never met a tax increase they don’t love!"

Then why did they just vote to keep 80% of the bush tax cuts in place when they can just let it all expire Jan 1?

"What will the government do with more money? "

Reduce the deficit.

atl134
Salt Lake City, UT

@Redshirt
"If the Bush tax cuts were so wrong, why do liberals keep extending them?"

1. We're still not completely recovered so it'd be a bit burdensome to increase taxes on those at the bottom right now.
2. The liberal argument against trickle down is that tax cuts for the rich don't lead to wealth trickling down. It says nothing about tax cuts for those at the bottom/middle.
3. I personally support getting rid of all the Bush tax cuts for everyone as part of a balanced spending cut/tax increase proposal to achieve a balanced budget and to me tax rates at Clinton levels seem to be the most logical level for what is "fair" because that's what it was the last time we had an essentially balanced budget.

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