Published: Friday, Oct. 5 2012 12:00 p.m. MDT
The truth come out.Obama and Biden want the producers in this
country to be slaves of the redistributionist government.Then they
wonder why producers don't want to work as hard, just to support the
government bureaucrats and their dependent "takers". We need to get
this Marxist President, and his buffoon of a Vice President replaced as soon as
Raising taxes on ANYBODY right now is the wrong thing to do. The latest GDP
(2nd Quarter) economic growth rate was a very weak 1.3%. Any tax increase could
very well put the economy back into a recession in the first half of 2013.Interestingly, President Obama said the same thing (don't raise
taxes now) three years ago when the GDP growth rate was running at 2.7%. Why
the change of this previous position on his part?
leave it to Joe. Truly brilliant. That will stimulate more jobs. o to go, and
take biden with you.
Yes, by all means, take another $trillion away from those people who earned it
and put it into the hands of bureacrats. Surely, they can do a much better job
at making sure the money is well spent...Can't they? After all, GSA Vegas
trips, Solyndra investments, and the like help the little guy way more than
private enterprise ever could.Sarcasm aside, even if all the rich
people only used their money to buy luxury items for themselves (the caracature
that liberals try to paint them with) it would still be better for the millions
of middle class workers who build cars, boats, airplanes, tvs, clothes, and the
like, than to just give more of it to the government to waste.Yes,
we need government in order to perform necessary functions. But government at
all levels has bloated to about three times its needed size and we wonder why
there is so much waste, fraud, and abuse.
Romney's plan will raise taxes on those making between #100,000 and
$250,000. Which group is that?Besides, this is not news. Obama has
been running on this platform for a long time.
@xscribe said, "Romney's plan will raise taxes on those making between
[sic] $100,000 and $250,000."Which Romney plan are you
referencing? The one that the Democrats CLAIM is his plan based upon a report
from the Tax Policy Center (taxes for the middle class would increase by
$2,000)? If so please be aware that "claim" in the report was
originally challenged by other outside sources and has since been revised by the
TPC based upon new information?Romney explicitly stated (multiple
times in the debate) that he absolutely will NOT implement any tax plan that
raises taxes (or allow them to be raised) on the middle class, or anyone else
for that matter.As for you statement that "...Obama has been
running on this platform for a long time..." you are absolutely correct.
Way back when, he did a "flip-flop" on his original statement three
years ago about not raising taxes because it could cause another recession.But my question still stands – Why?
Re: xscribe Colorado Springs, CO"Besides, this is not news. Obama has
been running on this platform for a long time."We've saw
Obama debate Romney the other night and Al Gore tried to blame his shocking
inability to perform on the high elevation in Denver that may have left to the
poor chap with oxygen starvation. If Obama knows what his platform is why
wasn't he able to articulate it?
I am 100% in favor of raising the taxes of the ultra rich who seem to have
access to many ways to avoid paying taxes, including the loopholes for the rich.
And I'm in favor 100% of the plan Obama promised in his first year to do
exactly that, but to also add huge incentives for those whose portion of their
taxable income can be sharply reduced when that income is shown to have created
jobs. So increases taxes on the rich while increasing deductions for creating
of jobs. And he also promised to punish those who send jobs overseas at the
expense of American consumers. He kept neither promise, because Jamie Dimon and
other ultra-rich CEO's who do what he would punish them for have him in
their hip pockets. It's funny how politics works. Whomever says it's
no time to raise taxes on anybody, isn't thinking about those who send jobs
overseas and hide their income in foreign lands. Politicians on both sides of
the aisle will not do what is right on this issue.
@DN Subscriber -- The reason that producers want to work hard to make more money
is that they'll have more money! Even if their taxes are raised,
they'll still have more money! I think sometimes people don't
understand that when you go into a higher tax bracket you're not paying
that higher rate on all your income. You're only paying it on the amount
that is above the next lowest tax rate cut off point. I've never met a
person that actually makes a lot of money that thought they didn't want to
make more money because they had to pay taxes on it. Think about if you've
ever really heard anyone say that who was actually in the top tax brackets. The
only people I've ever heard say it are people who are paying well below the
top rates (and are probably the people who are not even paying taxes because
they are part of the dreaded 47%), and I think it's because they just
don't really understand how tax brackets work.
If they are such successful job creators, where are the jobs? Hint -- there
aren't any.Give tax credits after the jobs have been created,
and levy sanctions to the people or companies that send jobs overseas.
Oh, Joe. You just keep opening your mouth to insert the other foot in it.
Can't wait for the debate with Paul Ryan! It will be like the T. Rex
devouring the lawyer in "Jurassic Park."
Both Mitt and B.O want to take away deductions for Mortgage Interest payments,
property taxes and Charitable Contributions (Think Tithing). Its a dirty little
secret neither party wants to publize. We can't forever be going to the
Chinese and borrowing money (though bonds sales) from them. I can't offer
any smart solutions other than lets all work together and get Americans working
again, PAYINGS Taxes AND rethink being a world power !!! Even Rome realized its
Empire could (or should) only stretch so far..
This may be news but it's not new, we already knew this since repeal of the
Bush tax cuts for the rich is about a trillion over the next 10 years.
I love that guy...he reminds me a lot of Bobby Knight when doing a post game
interview...you never knew what was going to come out, but you always knew it
would be bizarre and offensive.I'm looking forward to the VP
debate as well...the only thing Ryan will have to worry about is to not hammer
Biden too much. He'll need to hold back even though there will be plenty
of red meat to pounce on. If he attacks too much it will look like elderly
abuse and could turn people off. I hope Biden acclimates himself to
the altitude before the debate.
if wew are too raise taxes....lets start by raising it on those who don't
pay any.....afterall Obama said everyone deserves a fair share!
Let's see, a trillion dollar increase on the rich, over what, 10 years?
How is that even going to dent the deficit of 1 trillion dollars a year that
Obama has been spending? When are "they" ever going to learn that the
only path out of this financial mess is to grow the economy with jobs, jobs,
jobs. Tax increases on the producer class only decreases jobs. When will they
Furry wants to know, "...where are the jobs?""Good
question Mr. President. Where ARE the jobs?"@alt134,You are not too far off. Obama's proposed tax on the rich would net
about $85 billion per year ($850 billion over ten years). But here is the
clinker:The federal government spends $85 billion just under NINE
DAYS. Taxing the rich (in the name of fairness) will not reduce the growth of
the now $16 plus trillion national debt by a single red penny or even
"stimulate" this stagnated economy.It is not a good thing to
do (tax the rich) if it precipitates a recession in early 2013.
m.g.scottPlease explain how the ultra rich are automatically labeled
as a producer. Can you not see that some who are rich avoid paying their fair
share of taxes by placing their cash and assets overseas? Even those like Jamie
Dimon who amassed his fortune paid to him by revenue from American consumers in
the wake of him sending thousands of jobs overseas and laying off American
workers, got it all by not producing a single job, except the ones taking care
of his house and yard. He gets more than $20 million a year from Americans in
reward for his doing his 'business'. He spends millions of American
dollars severing American workers and building facilities in foreign countries
to create foreign jobs - with OUR (not mine) money.I say let him pay
for the food stamps and unemployment of every worker he laid off in order to
create jobs overseas. That's fair. American dollars should NEVER be used
to send a job overseas.
Weird. Obama was against this before he was for it. In 2010 he said it
didn't make sense to raise taxes in a weak economy. 2 years later it is
weaker still and he wants to raise taxes now? That's not an economic plan.
That's an ax to grind. He didn't give any indication of what he
might do in his next term if he gets one. Why?
I love seeing this common theme of average Americans defending the rich. This
just in people, this rich do not care about you nor will anyone on this forum
ever become a member of the 1%. Taxation policy has proven year after year to
have only a marginal effect on growth rates and the Republicans keep commenting
on reducing the deficit, guess what, you need to increase taxes and reduce
spending, they go hand and hand.
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