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"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 rbohm
you keep shoveling out this propaganda that the republicans somehow want to kill off the middle class, and it all comes from either democrats or organizations with liberal agendas, and most of it is complete hogwash.
Propaganda?... This is what was actually proposed...
The Economic Freedom Act of 2010 -- introduced by Reps. Jim Jordan (R-Ohio) and Jason Chaffetz (R-Utah) -- proposes deep tax cuts favoring the wealthiest in America, a reduction in regulatory oversight and the elimination of a federal tax on the estates of millionaires, which will allow wealthy investors to escape taxes entirely on a significant portion of their income.
Propaganda?... This is what was actually proposed...
The Economic Freedom Act of 2010 -- introduced by Reps. Jim Jordan (R-Ohio) and Jason Chaffetz (R-Utah) -- proposes deep tax cuts favoring the wealthiest in America, a reduction in regulatory oversight and the elimination of a federal tax on the estates of millionaires, which will allow wealthy investors to escape taxes entirely on a significant portion of their income.
considering the fact that the estate tax is double taxation anyway, it should go away. as for these deep tax cuts on the wealthy, what is considered deep? and dont give some crap dollar amount pulled out of the air because it is a bogus number to begin with. i want the percent that the rich will pay on their incomes, compared to what they pay now.
considering the fact that the estate tax is double taxation anyway, it should go away. as for these deep tax cuts on the wealthy, what is considered deep? and dont give some crap dollar amount pulled out of the air because it is a bogus number to begin with. i want the percent that the rich will pay on their incomes, compared to what they pay now.
The top 2% incomes will pay 39% compared to what they pay now is 36%... Most of these people wouldn't even notice this...
The top 2% incomes will pay 39% compared to what they pay now is 36%... Most of these people wouldn't even notice this...
My income taxes will go up $69,000. That is just income tax, not to mention the increase capital gains tax, marriage tax, elimination of charitable donation deductions, and elimination of small buisness deductions.
I pay about $500K in taxes per year. That is quite enough. It gauls me to no end that I support dead beats like you, who just complain that you do not get enough. You should be grateful that people who actually work support you and provide you with all the nice free roads, education, public services, and a military, while you pay nothing.
It is the perfect example of a greedy liberal. They have everything given to them and they just demand more. Thier greed and ingratitude is incredible.
My income taxes will go up $69,000. That is just income tax, not to mention the increase capital gains tax, marriage tax, elimination of charitable donation deductions, and elimination of small buisness deductions.
I pay about $500K in taxes per year. That is quite enough. It gauls me to no end that I support dead beats like you, who just complain that you do not get enough. You should be grateful that people who actually work support you and provide you with all the nice free roads, education, public services, and a military, while you pay nothing.
It is the perfect example of a greedy liberal. They have everything given to them and they just demand more. Thier greed and ingratitude is incredible.
My income taxes will go up $69,000. That is just income tax, not to mention the increase capital gains tax, marriage tax, elimination of charitable donation deductions, and elimination of small buisness deductions.
I pay about $500K in taxes per year. That is quite enough. It gauls me to no end that I support dead beats like you, who just complain that you do not get enough. You should be grateful that people who actually work support you and provide you with all the nice free roads, education, public services, and a military, while you pay nothing.
It is the perfect example of a greedy liberal. They have everything given to them and they just demand more. Thier greed and ingratitude is incredible.
Greedy liberal?...
It's the Republicans who want to raise my taxes... while extending the tax cuts for the top 2%...
It's the Republicans who want to take away Social Security... Close public schools and privatize... End all entitlements and steal those Billions... Now who's greedy?...
It's the Republicans who want to raise my taxes... while extending the tax cuts for the top 2%...
It's the Republicans who want to take away Social Security... Close public schools and privatize... End all entitlements and steal those Billions... Now who's greedy?...
again, republicans DO NOT WANT TO RAISE TAXES. in fact they want the bush era tax cuts to remain in place FOR EVERYBODY. what part of that do you not understand? the democrats had a golden opportunity to put up the tax bill they wanted, which would have maintain the bush era tax cuts for all but the top 2%, AND THEY NEVER DID!!! they choose to wait until after the election to handle that piece of legislation. the republicans wanted an up or down vote on it, BUT THERE WAS NEVER A BILL WRITTEN UP TO VOTE ON. perhaps someday you will get over your hatred for republicans, and your undying love for democrats, and start to see things as they really are.
My income taxes will go up $69,000. That is just income tax, not to mention the increase capital gains tax, marriage tax, elimination of charitable donation deductions, and elimination of small buisness deductions.
I pay about $500K in taxes per year. That is quite enough. It gauls me to no end that I support dead beats like you, who just complain that you do not get enough. You should be grateful that people who actually work support you and provide you with all the nice free roads, education, public services, and a military, while you pay nothing.
It is the perfect example of a greedy liberal. They have everything given to them and they just demand more. Thier greed and ingratitude is incredible.
I agree Hawkeye! Upper middle class people were not given their money it has been earned the hard way and to say we deserve to share our wealth is a bunch of bull cr*p!
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They have everything given to them and they just demand more. Thier greed and ingratitude is incredible.
