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... you quote the huffingtonpost ??? You could type "kool-aid" into your browser and get redirected to that site.
Quote:
"The tax cuts they want to give, as usual under Republican policies, will give 62 percent of the tax cuts to the top 1 percent of Americans," Hoyer said.
"Or said another way, an average $467 tax cut to working Americans in the middle of the income levels, and to the top 1 percent earners, an average of $157,000 tax cut...
Playing fast and lose with statistics. I don't know if you are aware of the manipulation Hoyer is making in that quote or you are aware and just drinking it all in.
If tax rates are lowered teh same percent for everyone then, of course, the wealthiest Americans will have an absolute doller reduction amount that is bigger BECAUSE THEY PAY MUCH MORE in the first place. By then taking each of those dollar amounts and comparing them to the total reduction for everyone one can come up fith a % that is meaningless but which will appear much higher for the higher earners.
If you want an honest discussion of tax rates and who is getting what benefit the only thing you need to lok at is the tax rate each income will pay before the proposed extension of hte Bush tax cuts and the rate each income will pay without the extension.
January 3rd 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANACIAL SERVCICES! THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISES by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOS ! (BTW: Bush asked Congress 17 times to stop Fannie & Freddie - because it was financially risky for the US economy). And who took the THIRD highest pay-off from Fannie Mae and Freddie Mac? OBAMA and who fought against reform of Fannie and Freddie? OBAMA & the Democratic Congress. So when some idiot tries to blame Bush REMEMBER JANUARY 3rd, 2007 THE DAY THE DEMOCRATS TOOK OVER! Bush may have been in the car but the Democrats where in charge of the gas pedal and steering wheel they were driving.
Any middle class American who defends the Republican Party is setting themselves up for a letdown and betrayal...
They represent corporate interests and whip the base up into a frenzy by employing wedge issues. Their propaganda is so good that they can convince their followers to demand the wealthy get tax cuts and the middle class get less pay. It's really the most amazing thing I've ever seen.
"The tax cuts they want to give, as usual under Republican policies, will give 62 percent of the tax cuts to the top 1 percent of Americans," Hoyer said.
"Or said another way, an average $467 tax cut to working Americans in the middle of the income levels, and to the top 1 percent earners, an average of $157,000 tax cut...
and to Goldman Sachs, $2.6 billion in tax cuts. When you analyze that, you know what is happening is...
the same old Bush policies of advantaging the wealthy at the expense of the middle income working people and tax cuts which did not, as they were advertised to, grow the economy and grow jobs. In fact, they did just the opposite."
Michael Linden, associate director for tax and budget policy at the Center for American Progress Action Fund, said the Republican proposal is "unaffordable on a level we've never seen before."
"This is almost five times bigger than Bush tax cuts were," Linden said. "It really represents a doubling down on Bush's economic agenda. Where he skewed his tax policy heavily to the rich, this would skew it even further even to the exclusion of the middle class.
"$7 trillion in additional debt and deficit over next ten years would be calamitous," Linden added. "I think it's hard to understate the radicalism of this plan."
Quote:
Originally Posted by rogerbacon
You talk about kool-aid and then...
... you quote the huffingtonpost ??? You could type "kool-aid" into your browser and get redirected to that site.
Playing fast and lose with statistics. I don't know if you are aware of the manipulation Hoyer is making in that quote or you are aware and just drinking it all in.
If tax rates are lowered teh same percent for everyone then, of course, the wealthiest Americans will have an absolute doller reduction amount that is bigger BECAUSE THEY PAY MUCH MORE in the first place. By then taking each of those dollar amounts and comparing them to the total reduction for everyone one can come up fith a % that is meaningless but which will appear much higher for the higher earners.
If you want an honest discussion of tax rates and who is getting what benefit the only thing you need to lok at is the tax rate each income will pay before the proposed extension of hte Bush tax cuts and the rate each income will pay without the extension.
Are you naive to think that the Republicans don't want to transfer the tax burden to the middle class?... How do you think they maintain their wealth?... By evading taxes...
The conservatives are even more entrenched with the foreign elite...
http://www.jayandjulieonline.com/Images/ObamaBush/D1BushSaudiHoldHands.jpg (broken link)
As distasteful as that scene was, at least he didn't BOW to him like Obama did.
Quote:
Originally Posted by HC475
Are you naive to think that the Republicans don't want to transfer the tax burden to the middle class?... How do you think they maintain their wealth?... By evading taxes...
The tax burden should be shared EQUALLY by EVERYONE. Only when everyone feels the weight of government spending will there be any incentive to lower it and start balancing the budget. There is no reason a high-earner should pay a higher RATE than a middle-earner or a low-earner. By earning more they will pay more in absolute dollers even when taxed at the same rate.
Republicans are not rich. Everywhere I look it is Democrate that are either uber rich or lower income (but with lots of govenrment benefits so that is not the same as being 'poor'). Republicans are the middle class -- i.e. the ones who are working TO BE rich. Of course, Obama's socialist policies are making that harder and harder every day.
As distasteful as that scene was, at least he didn't BOW to him like Obama did.
The tax burden should be shared EQUALLY by EVERYONE. Only when everyone feels the weight of government spending will there be any incentive to lower it and start balancing the budget. There is no reason a high-earner should pay a higher RATE than a middle-earner or a low-earner. By earning more they will pay more in absolute dollers even when taxed at the same rate.
Republicans are not rich. Everywhere I look it is Democrate that are either uber rich or lower income (but with lots of govenrment benefits so that is not the same as being 'poor'). Republicans are the middle class -- i.e. the ones who are working TO BE rich. Of course, Obama's socialist policies are making that harder and harder every day.
I believe a flat tax might work as well...
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