Comments about ‘Taxmaggedon means families will pay $3,500 more, causing a recession’

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Published: Monday, Oct. 8 2012 9:22 a.m. MDT

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USAlover
Salt Lake City, UT

I'd trade Big Bird for a job and $2.00 gasoline anyday. In a second.

luv2organize
Gainesville, VA

Nearly 50% of people pay nothing in federal taxes and many receive a couple thousand dollars a year to stay broke so most likely this tax change will go to those who already are footing the bill.

Makid
Kearns, UT

Don't worry, John Boehner stated today that they won't do anything to stop the fiscal cliff before the end of the year.

Republicans don't care about the country because it would mean compromising. His statement today more than justifies this view point.

Had he stated that he was willing to work to stop the impending crisis than it would show that Republicans care about the average family and not just the rich.

Here comes another recession, given to us at the hands of the Republicans because they won't compromise. Higher taxes for all rather than a few, cuts across the board rather than selectively choosing which to defund.

Aren't we all proud of the Do Nothings, Party of No, Republicans in Congress. 3 cheers for them in causing a recession...Hip Hip Hurray, Hip Hip Hurray, Hip Hip Hurray.

mcdugall
Layton, UT

@killpack - Where do you come up with the 5 trillion dollar budget for the EPA/Solyndra? The FY 2011 EPA Budget was 8.6 trillion and the loans to Solyndra were ~500 million. So lets assume 9 billion dollars. 9 Billion dollars out of 1.3 trillion is 0.0069%. of the budget deficit. Lets get serious, cutting PBS, EPA, DOE is nothing more than political posturing. If you want to honestly reduce the deficit, you need to cute defense (FY 2011 712 billion) and other high budget departments and increase the tax base. Its tough medicine.

JimInSLC
Salt Lake City, UT

I would not mind taxes going back up if I knew the money was going to be used to pay down the national debt. But it won't, they'll find some other program to spend it on.

If the US would keep it's nose out of every other countries business, maybe we could reduce defense spending. I'm not an isolationist, but we have no reason to be in Iraq or Afghanistan and the same powers that got us into those wars are trying to get us into a war with Iran too.

Blue
Salt Lake City, UT

killpack and Built2Last,

Two points -

First, check your facts. Google "Obama portion of the deficit" and look at the factcheckdotorg discussion on that topic.

Here's the relevent portion: "The truth is that the nearly 18 percent spike in spending in fiscal 2009 — for which the president is sometimes blamed entirely — was mostly due to appropriations and policies that were already in place when Obama took office... It is the combination of historically high spending and low revenues that is producing the current string of trillion-dollar annual deficits, and piling up debt. Those who blame deficits solely on spending ignore the other side of the ledger."

Second, since you insist that every little bit helps as justifying ending federal funding for PBS and the Fish & Wildlife service, and since those items, Solyndra and GSA parties combined don't amount to one half of one percent of federal spending, then please tell us precisely _where_ you'll get the other 99.5% of expenditure reductions needed to "dent" the deficit if you're unwilling to raise taxes?

Either start offering specifics about significant budget cuts, or admit you have nothing meaningful to contribute here.

madmen
Grantsville, UT

Ok non believer- how much more are you willing to pay? 10% How about 20%,30%. After all, 16 trillion is a lot and it sounds like you haven't been paying you "fair share" to begin with.

Belching Cow
Sandy, UT

Plunging into a recession? You mean we are not in one already? When did we pull out of the last one cause I sure can't tell.

DN Subscriber
Cottonwood Heights, UT

This situation is the result of sheer cowardice on the part of politicians.

Only Congress can solve this problem, and they are working hard on it.... Oh, wait, they are off on another break campaigning to get reelected to do more nothing and further delay making any tough choices. Fire them and get a NEW Congress!

The ONLY solution is to start by eliminating spending on EVERY program that is not absolutely essential to our national survival. Yeah, that includes Big Bird, college loans, corporate subsidies, free drugs for Granny, foreign aid to our enemies, and most of the "pork" projects that politicians love.

Then, and ONLY then, we can talk about revising tax laws. And that discussion should start with elimination of all "refundable tax credits" and insist that every American, including "the poor" pay some percentage of their income in income taxes.

Popular? No! Essential? Yes?
The only alternative is to go over the cliff and default on our obligations, making our money worthless. Any politician who denies this is lying!

SS
MiddleofNowhere, Utah

People bash Bush for implementing the tax breaks, but then they don't say anything regarding Obama extending it for two years longer. Just a bunch of throwing mud at the other party and not seeing the "beam" in your own party's eye. If you want to be enslaved by foreign powers, vote for Obama. 5 TRILLION ADDED TO DEBT. If you want to see the deficit come down, vote for Romney, his experience in the political and business arenas have been nothing but excellent and successful, history has already proven him worthy of the task. Obama promised and didn't deliver, what makes you think he would do any different this time? If your doctor or mechanic was so undependable would you keep going to him? I doubt it, think logically America!

Hutterite
American Fork, UT

First, anyone who writes a headline that ends in -mageddon or -gate (watgergate) is not working hard enough. Second, yes we always point out that the stuff that you want to cut like pbs or fda or fish and wildlife are inconsequential in the federal budget. That's because they're insconsequential in the federal budget. Either you just can't do math or you have no idea how bloated the military budget is. Anyway, one of the things so many fail to see is that fish and wildlife and the fda actually do some pretty important stuff for us. If you think that simply wiping government, and the society it supposts, off the map is such a good idea have we got a nation for you. Somalia, they call it. Your paradise awaits. No pesky government. Certainly no gun laws. Please go...

christoph
Brigham City, UT

Somebody has to pay for the wars; we don't just invade another country and then don't pay for things; for 200 years, each time we went to war, we raised taxes-- until 2003 that is. That is the first time we went to war and cut taxes, quite a concept. Perhaps 911 did bankrupt us.

LDSareChristians
Anchorage, AK

atl134,

As I see it, a tax increase is simply a hand out to the government.

A1994
Centerville, UT

"You don't raise taxes in a recession." Barack Obama, August 2009, interview with Chuck Todd NBC News

This shouldn't even be an issue. GDP growth is even slower than in 2009. Obama seems excited to have a game of 'chicken' with the GOP over 'the rich.' There is a reason his campaign is unraveling right now. He lacks the ability to reach across the aisle and lead. He could very easily say, "We are not going to raise any taxes for the time being. It didn't make sense then, it doesn't now. We will revisit this next year." Does he lose face by doing that?

A1994
Centerville, UT

Here's what I just don't understand about the left. In 2008, it was all about CHANGE (and supposedly HOPE.) How have things changed when Barack Obama did the same thing GWB did? Obama called Bush unpatriotic for adding $4 Trillion to the debt. Then he added $5 Trillion more. Now we are $16 Trillion on our way to $20 Trillion in the hole. Believing that raising taxes is going to help the economy is naive. Believing that the government will use that money wisely is beyond stupid. Fool me once, shame on you. Fool me twice...you can't get fooled again. But apparently some Americans can.

TRUTH
Salt Lake City, UT

Yea this is the Obama version of sticking it to the rich........from the party that gave us Carter! And to think there are are actually 46% who think voting for Obama is a good idea......the dumbing of America on full display!!

PTM
,

Reagan took office with unemployment at 7.5%; re-election campaign October 1984, 7.2%. In-between it went to 10.8%. That recession's cause was runaway inflation and the Federal Reserve crushing it with high interest rates. It took until 1987 before unemployment went below 6% to stay. Reagan used supply side, but it still took 6 years to get back to something approaching normal.

Obama took office with unemployment of 7.9%, caused not by inflation, but economic contraction culminating with a 2008 4th quarter GDP contraction of 9%. Obama used a demand side approach, and it helped. Oct 2009 unemployment was 10%; enter demand side; we now sit a 7.8% unemployment. Reagan is revered, with a similar result, Obama is despised by some.

Romney isn't even close to explaining how he will deal with the deficit his tax cuts create; PBS and BigBird won't make up the difference. An energetic, on your game debate performance doesn't make up for a lack of detail. Proposing to cut taxes is the easy part, telling what gets cut is the hard part, but owed to the American People.

SS
MiddleofNowhere, Utah

You can't honestly be comparing Obama to Reagan . . . If I remember right Regean didn't increase the deficit by 5 trillion dollars and the military was at an all time high during his administration, while Obama continues to weaken the military. You can't compare anybody on the basis of one statistic. If Obama was honest and had any integrity at all he would not even be running because he personally said he wouldn't if he didn't cut the deficit in half. Obviously he didn't. So either he didn't understand the situation he was in or he lied. Either situation disqualifies him for the presidency.

BarkforSark
PROVO, UT

So asking to keep more of what ourselves earn is asking for a handout. This is where America is, folks. Shame on us who want to keep more of what we earn.

Mad Hatter
Provo, UT

caleb in new york Glen Cove, NY

You were saying? I'll provide you with two examples.

killpack Sandy, UT

"Oh, this is absolutely horrifying. To think struggling families will have to pay even more to the incompetent and corrupt powers that be. Well, I guess someone has to pay for things like the AIG-GM-Solyndra debauchery."

ute alumni Tengoku, UT

"yes, but some are getting free obama phones and other things. barry keeps buying the electoriate with taxpayer money. he is a total disgrace."

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