Congress in general and Democrats in particular have tow ways to rule: tax and
spend or spend and tax.Get 'em out!
m.g. scottThat'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
""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.
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.
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!!!!
Re: Cinci ManYou'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
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.
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?
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.
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
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!
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.
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.
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..
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."
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.
@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.
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.
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?
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.
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.
leave it to Joe. Truly brilliant. That will stimulate more jobs. o to go, and
take biden with you.
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