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Old 12-10-2010, 11:04 AM
 
Location: Yakima WA
3,868 posts, read 4,287,775 times
Reputation: 3167

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I know there are some high profile ones like Hugh Hewitt but I was wondering if any conservatives on this board are against it. I am because it adds to the deficit. I am all for tax cuts but they need to be combined with spending cuts. The last thing we need is 2 years of compromise with the dangerous combination of tax cuts and spending increases. I realize tax cuts are more politically popular but we can't go on spending this way...if it's not too late.

Extending UE is fine with me but once again spending needs to be cut elesewhere to make up for it. Republicans were talking this way just days ago, now all the sudden they sold out to Obama and have no problem spending into oblivion.

The single thing I dislike most about the tax deal (and this get's talked about very little) is that it expands the Earned Income Tax Credit. I have long felt the EITC should be eliminated not expanded. It is one of the main reasons 47% of the population pays no income taxes at all. I have no strong opinions about the "tax cuts for the rich" debate. I want low taxes for everyone. But to keep spending at these obscene levels not only do we need the rich to pay, we need everyone to contribute including the 47% who are taking a free ride.

Last edited by Jay F; 12-10-2010 at 11:45 AM..
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Old 12-10-2010, 11:22 AM
C.C
 
2,235 posts, read 2,001,408 times
Reputation: 461
Quote:
Originally Posted by Jay F View Post
I know there are some high profile ones like Hugh Hewitt but I was wondering if any conservatives on this board are against it. I am because it adds to the deficit. I am all for tax cuts but they need to be combined with spending cuts. The last thing we need is 2 years of compromise with the dangerous combination of tax cuts and spending increases. I realize tax cuts are more politically popular but we can't go on spending this way...if it's not too late.

Extending UI is fine with me but once again spending needs to be cut elesewhere to make up for it. Republicans were talking this way just days ago, now all the sudden they sold out to Obama and have no problem spending into oblivion.

The single thing I dislike most about the tax deal (and this get's talked about very little) is that it expands the Earned Income Tax Credit. I have long felt the EITC should be eliminated not expanded. It is one of the main reasons 47% of the population pays no income taxes at all. I have no strong opinions about the "tax cuts for the rich" debate. I want low taxes for everyone. But to keep spending at these obscene levels not only do we need the rich to pay, we need everyone to contribute including the 47% who are taking a free ride.
I'm hoping dems kill it - I think the repubs gave away more than they should have.
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Old 12-10-2010, 11:25 AM
 
29,988 posts, read 35,897,362 times
Reputation: 12724
At this point I say go ahead and let taxes go up across the board on January 1st. The the liberal middle class suffer for a few paychecks. They should reap the rewards of the representatives they elected. The GOP controlled house will then come in January in the 112th Congress and get this resolved correctly.

Focus now needs to be in stopping the far left's attempt of Amnesty via the DREAM Act. Harry Reid has promised to shove it through the Senate this session.
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Old 12-10-2010, 11:27 AM
 
Location: Gulf Coast Texas
26,249 posts, read 14,130,021 times
Reputation: 10119
I already stated my opposition yesterday in another thread.

Can there be at least a counter-offer?

The compromise will raise the deficit - which they said they wouldn't do.
Tax rates remain the the same - meaning there will be no benefit - only a possible loss if the rates go up. Translation - the best we can do is the status quo.
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Old 12-10-2010, 11:40 AM
 
Location: Atlanta metro
5,645 posts, read 3,976,803 times
Reputation: 982
Quote:
Originally Posted by lifelongMOgal View Post
At this point I say go ahead and let taxes go up across the board on January 1st. The the liberal middle class suffer for a few paychecks. They should reap the rewards of the representatives they elected. The GOP controlled house will then come in January in the 112th Congress and get this resolved correctly.

Focus now needs to be in stopping the far left's attempt of Amnesty via the DREAM Act. Harry Reid has promised to shove it through the Senate this session.
Great post.

I'm against it b/c I disagree with extending UE benefits (not even b/c we can't pay for them, but b/c I believe it only prolongs UE and thus, the economic problems) and I definitely disagree with the estate tax in any form. The SS tax decrease should not be given b/c SS is already in major trouble; however, if they're going to do it, the employers should be the ones getting the decrease so they can attempt to maybe create jobs (it's a pittance, really). I agree with extending the tax cuts but they need to be made permanent so as to increase confidence among the wealthy who are the investors. The AMT patch needs addressing as well but is not part of this deal. They need to address the problem of FUTA and SUTA rates also, which they have not, at least not that I've heard.
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Old 12-10-2010, 11:40 AM
 
15,758 posts, read 8,565,202 times
Reputation: 6222
this is a good point. not sure what we can do here but if spending isnt cut, nothing matters.
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Old 12-10-2010, 11:43 AM
 
Location: Chicagoland
41,314 posts, read 38,507,644 times
Reputation: 7106
I am now, what will all the "sweeteners" (another huge stimulus for obama) being lumped into another wish list of liberal pork barrel projects.

I want a friggin CLEAN bill, nothing else riding along, just the tax RATE extensions, the UE extension and the 2% cut in the payroll tax.

That's it!

Nothing else should be in the bill.
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Old 12-10-2010, 12:00 PM
 
Location: Yakima WA
3,868 posts, read 4,287,775 times
Reputation: 3167
Perhaps some conservatives supported this deal at first because they saw how angry it got the far left? I enjoyed seeing that too, but it was ALL because of their "tax cuts for the rich" obsession, not because this is a conservatve bill.

As conservatives become more aware of how much this deal incresases the deficit, entitlement programs, and now pork barrel spending(ethanol for example) I would hope more turn against it.
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Old 12-10-2010, 12:14 PM
C.C
 
2,235 posts, read 2,001,408 times
Reputation: 461
Quote:
Originally Posted by Jay F View Post
Perhaps some conservatives supported this deal at first because they saw how angry it got the far left? .
At fist I thought the outrage was orchestrated to set the stage for some phony Obama statesmanship. Now I'm not so sure, but Pelosi can't possibly be dumb enough to let the 65 or so defeated members kill it.

Quote:
Originally Posted by Jay F View Post
As conservatives become more aware of how much this deal incresases the deficit, entitlement programs, and now pork barrel spending(ethanol for example) I would hope more turn against it.
Agreed, but we want it to be clear that dems killed it, not repubs...
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Old 12-10-2010, 12:58 PM
 
31 posts, read 38,200 times
Reputation: 22
Quote:
Originally Posted by Jay F View Post
I know there are some high profile ones like Hugh Hewitt but I was wondering if any conservatives on this board are against it. I am because it adds to the deficit. I am all for tax cuts but they need to be combined with spending cuts. The last thing we need is 2 years of compromise with the dangerous combination of tax cuts and spending increases. I realize tax cuts are more politically popular but we can't go on spending this way...if it's not too late.

Extending UE is fine with me but once again spending needs to be cut elesewhere to make up for it. Republicans were talking this way just days ago, now all the sudden they sold out to Obama and have no problem spending into oblivion.

The single thing I dislike most about the tax deal (and this get's talked about very little) is that it expands the Earned Income Tax Credit. I have long felt the EITC should be eliminated not expanded. It is one of the main reasons 47% of the population pays no income taxes at all. I have no strong opinions about the "tax cuts for the rich" debate. I want low taxes for everyone. But to keep spending at these obscene levels not only do we need the rich to pay, we need everyone to contribute including the 47% who are taking a free ride.
Lower tax rates rarely add to the deficit. Instead, they result in stimulated economic activity.

I know it is hard to accept, by America is NOT about the Federal Government, and what is good for it. It IS about the American people, and what is good for THEM.
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