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Comments about ‘VIDEO: Biden says he, Obama want to raises taxes by $1 trillion’

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Published: Friday, Oct. 5 2012 12:15 p.m. MDT

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m.g. scott
LAYTON, UT

Re: Cinci Man

You're talking about the super rich type and yes there are certainly some jerks who contribute nothing to the economy. The rich being referenced by Biden are the people who own businesses that employ people. Many of these people have gross worth in the millions, but they themselves work very hard to provide service or product to America. And in doing so employ people. That is where the vast majority of jobs come from in this country, not the multi-national corporations. These are the middle class jobs that need to be created to bring tax revenue to the government to pay off the debt. Taxing the rich, even if you took 100% of their money, would not bring in near enough money to solve the debt. And in so doing it would put these people "out of business", which means more unemployment. See how it works? Obama doesn't.

Meadow Lark Mark
IDAHO FALLS, ID

The rich should pay a fair share in taxes. And what is a fair share? And all the poor serfs who feel the world owes them a living should pay their fair share also!! With some people they think everyone should pay their way through life. There is great inequality on both ends of the spectrum. If everyone would contribute it would be better for all of us, and perhaps more people would be concerned what happens with their tax dollars instead of wanting someone else to simply pay their way through life. We need Romney now more than ever!!!!

Truthseeker
SLO, CA

The Bush tax cuts were passed by reconciliation but Senate rules don’t allow bills passed by reconciliation to create deficits more than 10 years in the future. Thus, the tax cuts had a 10-year expiration date. In 2001, the Pew Research Center found that 37 percent of Americans preferred to use the surplus to fund Social Security and Medicare, 23 percent for domestic spending, and only 19 percent for a tax cut.

Time for them to expire. At a minimum we should let them expire for those making over $250,000 and maybe extend them 2 yrs for everybody else.

UtahBlueDevil
Durham, NC

""What we don’t need is a tax increase on our successful job creators that will cost us 700,000 jobs in just two years."

Considering this coming from the party that lost more than that in a single month... I am not sure he is a very credible one to comment on this. I do think we need a balanced approach, with a focus on locking down expenses, and raising targeted revenue. Never in the history of this country has lower taxes balanced the budget, nor led to job growth.

Romney would love to eliminate long term capital gains. if we got rid of capital gains, even if we took unemployment to zero, you could not grow your way through job creation to replace those funds. And a side effect of this would be that Romney's own personal tax liability would go to a rate of zero percent because his income is derived from long term capital gains.

Neither plan is workable.... democrat nor republican. We can't hit people with a trillion dollar tax increase, and we can't give the upper class a trillion dollar tax exemption either.

Cinci Man
FT MITCHELL, KY

m.g. scott

That's exactly why I advocate big deductions for those who create jobs.

Obama advocated that as well, until he found that so many of his supporters are those who avoid taxes and send jobs overseas, spending American consumer dollars to do so. Why else do you think Obama conveniently never mentions his tax plans since the first year? It's because his Democrats and the Republicans have agreed to stonewall the right thing. I wish all voters would send them all packing until we get someone in office who WILL concentrate on the economy instead of polishing the boots of political 'friends'.

VST
Bountiful, UT

@UtahBlueDevil said, "Never in the history of this country has lower taxes balanced the budget, nor led to job growth."

In response to your "incorrect" statement, I offer the following as one example. The Taxpayer Relief Act of 1997, (signed into law by Bill Clinton) reduced several federal taxes. The capital gains rate was cut from 28% to 20% and the 15% bracket was lowered to 10%. This resulted in budget surpluses for the next four years and an average annual job growth rate of +2.24% over that same period of time.

wer
South Jordan, UT

Congress in general and Democrats in particular have tow ways to rule: tax and spend or spend and tax.

Get 'em out!

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