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Thread: Taxes

  1. #1
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    Taxes

    Let the taxes expire in 2011 and lets see the crap hit the fan. Let the Democrats cut their own throats. I will give them the knife. Happy Cutting!

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    we agree but for different reasons

    if we want the deficit to shrink, higher taxes across the board is basically the only way. Spending cuts alone won't do it.

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    Quote Originally Posted by bitonti View Post
    we agree but for different reasons

    if we want the deficit to shrink, higher taxes across the board is basically the only way. Spending cuts alone won't do it.
    You couldn't raise taxes enough to pay this deficit. We continually squeeze the top 5 percent like a toothpaste tube.

    The new bill is a small example of how the dems (and some repubs) buy votes and create this nightmare by continually GIVING funds to the poor to keep them poor.

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    Billions more for fannie and freddie and the bull**** continues. These leaders
    are a ****ing joke. Mean while the people listen the double bull**** coming out of washington. No more handouts to ANYONE get a friggin job or get the hell out of country. I am sick and tired of the give me crowd. For ****s wake the **** up!

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    Quote Originally Posted by MnJetFan View Post
    Billions more for fannie and freddie and the bull**** continues. These leaders
    are a ****ing joke. Mean while the people listen the double bull**** coming out of washington. No more handouts to ANYONE get a friggin job or get the hell out of country. I am sick and tired of the give me crowd. For ****s wake the **** up!
    Let's hire buses! I will start at all of the old age homes and ask to see their past work hours! Their time is up! Out of the USA! OUT OF THE USA!!!!

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    They worked all their lives how many welfare recepients can say the same thing

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    Quote Originally Posted by bitonti View Post
    we agree but for different reasons

    if we want the deficit to shrink, higher taxes across the board is basically the only way. Spending cuts alone won't do it.
    Neither higher taxes nor spending cuts together or alone will cause the deficit to shrink. The level of Private sector economic activity that creates jobs and income that can be taxed is a huge component.

    We have a highly inefficient government and tax code that creates huge drag on private sector growth, reduces competition and encourages the play for pay system that our government runs on.

    We need more than just higher taxes or smaller government we need a more transparent tax code and the end of subsidies. The debate over the Bush tax code by both Republicans and Democrats is the political system protecting its own self-interest over transparency. Transparency was something that both Obama and the Democrats in Congress promised and failed to deliver. The Presidents commission put out a recommendation that creates transparency in the tax code that is being mostly ignored by Republicans and vilified by Democrats.

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    Quote Originally Posted by southparkcpa View Post
    We continually squeeze the top 5 percent like a toothpaste tube.
    the federal tax burden is at it's lowest point since 1950. Across the board.

    we can't wage 2 wars, spend our way out of a recession... and have tax cuts at the same time, it's not gonna work.

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    Quote Originally Posted by Winstonbiggs View Post
    Neither higher taxes nor spending cuts together or alone will cause the deficit to shrink. .
    they could drastically reduce the deficit with a pen stroke. Look at the deficit commission proposals, they include tax system changes, spending cuts and a variety of other costs savers that get the deficit from 14 trillion to 4 trillion in a relatively short amount of time.

    this latest "good deal" should have both parties ashamed, it's basically gonna put the deficit up to 15 trillion.

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    Quote Originally Posted by bitonti View Post
    they could drastically reduce the deficit with a pen stroke. Look at the deficit commission proposals, they include tax system changes, spending cuts and a variety of other costs savers that get the deficit from 14 trillion to 4 trillion in a relatively short amount of time.

    this latest "good deal" should have both parties ashamed, it's basically gonna put the deficit up to 15 trillion.
    agreed but comparisons to prior decades is not realistic.

    We now have a federal and state system that crowds out the private sector and thus stifles innovation and growth.

    Unemployment will continue to stay at these levels or rise as automation eliminates labor intensive processes. What CAN government do about this?

    I say nothing. They will pretend to care by extending entitlements but they can't stop this.

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    Quote Originally Posted by bitonti View Post
    they could drastically reduce the deficit with a pen stroke. Look at the deficit commission proposals, they include tax system changes, spending cuts and a variety of other costs savers that get the deficit from 14 trillion to 4 trillion in a relatively short amount of time.

    this latest "good deal" should have both parties ashamed, it's basically gonna put the deficit up to 15 trillion.
    They simply can't do it and won't do it because of the special interest lobbying. Farmers will lobby for their subsidies, Real estate interests and home owners aren't going to lie down for the loss of their mortgage tax breaks, Charities aren't going to lie down and take a loss of those tax breaks, Church's aren't going to lie down on their tax exempt status.

    It's easier to have a complex tax policy that protects Congress and their constituents and keeps the money flowing then have a tax policy that unburdens the private sector economy.

    This kind of change happened to some extent when Reagan was President and you had a Democratic Congress that was somewhat cornered. The question is will Obama be the leader that Reagan was? I think we both know the answer to that one.

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    Quote Originally Posted by MnJetFan View Post
    They worked all their lives how many welfare recepients can say the same thing
    No it's cool, I am generalizing just like you! It's cool, we are going streaking through the Quad!!!!!!!!

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    The republicans were willing to stick it to unemployed workers and the middle class just like they've always done as part of their bargaining ploy. This compromise was all about showing America what they can now do with their reclaimed power. And America will no doubt elect them all again.

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    Quote Originally Posted by YellowSubmarine View Post
    The republicans were willing to stick it to unemployed workers and the middle class just like they've always done as part of their bargaining ploy. This compromise was all about showing America what they can now do with their reclaimed power. And America will no doubt elect them all again.
    lol- you do realize your rat party still holds huge majorities in both the senate and congress, don't you???

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    Quote Originally Posted by YellowSubmarine View Post
    The republicans were willing to stick it to unemployed workers and the middle class just like they've always done as part of their bargaining ploy. This compromise was all about showing America what they can now do with their reclaimed power. And America will no doubt elect them all again.
    Stick it to them how???? They barely pay tax now. I am sure the additional 3 to 4 percent will kill them.

    The average 2 earner 80 to 100K family with 2 kids has a federal tax burden of under $5,000 (on average). Yeah...THEY are getting screwed over!

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