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Old 12-13-2010, 09:11 PM
 
Location: Chicagoland
41,314 posts, read 38,479,833 times
Reputation: 7106

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Quote:
Originally Posted by ncav4 View Post
He didn't have the votes in the Senate, why can't people understand this?
He had 60 votes in the Senate...for months. He has 70+ in the house.
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Old 12-13-2010, 09:19 PM
 
Location: Southeast
4,296 posts, read 6,115,857 times
Reputation: 1444
Passed the Senate test vote 85-13:

Obama-GOP tax bill clears Senate hurdle with ease - Yahoo! News (http://news.yahoo.com/s/ap/us_tax_cuts - broken link)
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Old 12-13-2010, 09:22 PM
 
Location: it depends
6,074 posts, read 5,125,327 times
Reputation: 5767
Quote:
Originally Posted by sanrene View Post
Not just any tax cuts, but the Bush tax cuts!
They OWN it.
Sanrene, let's be fair about this. From now on, please use the correct language:

"Obama's tax cuts for billionaires"

then watch the class warriors' brains explode.
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Old 12-13-2010, 09:22 PM
 
29,988 posts, read 35,848,534 times
Reputation: 12719
The part that is so ironic that no one is discussing is that Bill Clinton argued against returning to the very tax rates which were passed under him! Now that he is earning big bucks on the talk circuit, he's singing the song of fiscal conservatism.
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Old 12-14-2010, 05:53 AM
 
Location: Chicagoland
41,314 posts, read 38,479,833 times
Reputation: 7106
Quote:
Originally Posted by marcopolo View Post
Sanrene, let's be fair about this. From now on, please use the correct language:

"Obama's tax cuts for billionaires"

then watch the class warriors' brains explode.
Yes! Great idea! All that rhetoric, for over 3 years and he ends up pushing it hard and undermining his dem members in Congress.

If it fails to stimulate, it will be his. If it does stimulate, the GOP will get credit for holding firm on NOT raising taxes.

Brilliant!
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Old 12-14-2010, 07:16 AM
 
1,432 posts, read 875,162 times
Reputation: 333
Quote:
Originally Posted by TempesT68 View Post
This is what the democrats are fighting for. The tax breaks, mainly on the wealthy, added more the deficit than anything only next to the wars. Republicans want to extend a proven failed policy to the tune of 900 billion dollars. If you support more spending, the right are on your side.
Lets get our facts straight -

Tax Extensions for middle class = 3 Trillion of Govt desired income/ 300 Billion a yr

Tax Extension for high earners = 900 Billion of Govt desired income / 90 Billion a yr

3:1 ratio

47% of earners pay no income tax

Top 10% of earners pay the majority of income taxes...hence the most fair place to provide extensions.....or should we be cutting refund checks for taxes not paid to a majority of citizens in an income redistribtion plan?

So, 300K earner, pays 60-70K following deductions
50K earner pays $0 or very little after deductions....

Geez, who is paying for a disproportional share of Govt services?

And if you bring up payroll taxes, the rates would be still double for the high earner, $3,000 vs. $6,0000

In the above scenario I get to pay $65K yearly vs. someone paying $3-4K for similar Govt services....doesn't sound fair to me.

No mention of spending cuts. Why not just a 5% reduction in all programs? I very rarely hear anyone say, gee...we don't have the money...lets stop spending, lets look at entitlement spending, lets look at Govt salaries/pensions.....

So for me, either everyone gets an extension of Bush tax rates, or no one should....
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Old 12-14-2010, 09:06 AM
 
62,391 posts, read 27,771,221 times
Reputation: 7866
Quote:
Originally Posted by sanrene View Post
There is no getting around it - this broken promise of obama's is the biggest yet. He campaigned endlessly on raising the tax rates for the "rich".
...Without having any understanding of how highly contractionary that would be on an already struggling economy. Now that he's willing to listen to economists, many - including his own chief economic advisor, Larry Summers - have told him raising taxes would sabotage any hope of an economic recovery.

That is exactly why you shouldn't elect a presidential candidate who has absolutely no clue what he's doing, and just makes empty campaign promises that pander to the "gimme, gimme" crowd.
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Old 12-14-2010, 05:53 PM
 
Location: My little patch of Earth
6,193 posts, read 4,365,936 times
Reputation: 3042
Default President Obama has now made the argument, implicitly, that tax cuts are the answer.

And his question was.......

'How can I get a trillion dollar pork laden stimulus bill passed by Congress?'

Republicans have been bought and paid for clearly.

The fake outrage by democrats makes the 'image' complete.

Next election.........time to truly flush these people from public 'dis'service.

Cuz, they didn't get the message last month.
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Old 12-15-2010, 09:02 PM
 
Location: 77441
3,161 posts, read 3,712,060 times
Reputation: 2297
listen.... (crickets)
Quote:
"Obama's tax cuts for billionaires"
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