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Old 12-17-2010, 07:45 AM
 
Location: Long Island
32,816 posts, read 19,471,329 times
Reputation: 9618

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Quote:
Originally Posted by JazzyTallGuy View Post
The payroll tax cut is NOT permanent.

At some point in time Washington will stop kicking the can of "How To Fund Social Security and Medicare" down the curb and we'll have a serious debate on the issue.

Neither party is in the mood right now to raise taxes and neither are a lot of the American people.
yes the 2 point cut is only temporary, but as everyone know SS is broke as it is,,do you really think a 2 point cut is the smartest avenue of approach....at least with obama's 'make work' credit it was not killing th ss trust fund.....but even better would have been increasing the 01/03 cuts and making them permnament
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Old 12-17-2010, 07:49 AM
 
Location: Wisconsin
37,959 posts, read 22,134,270 times
Reputation: 13794
Quote:
Originally Posted by marcopolo View Post
Late in the evening on Dec. 16, the US House of Representatives passed President Obama's tax cuts for billionaires. It marked the first bipartisan achievement of the president, just 23 months after hailing himself as "the first post-partisan president."

The vote was a crushing defeat for the fringe progressive wing of the Democratic party, by a margin of 277-148.

House Passes Tax Cut Legislation 277-148 | C-SPAN
Got a link to the taxes being lowered for "billionaires"?
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Old 12-17-2010, 08:02 AM
 
Location: Tampa Florida
22,229 posts, read 17,847,737 times
Reputation: 4585
Quote:
Originally Posted by Wapasha View Post
Got a link to the taxes being lowered for "billionaires"?
Who do you think will benefit from the Estate Tax cut?

Tax cut package: What's in the bill and what it costs - Dec. 15, 2010
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Old 12-17-2010, 08:06 AM
 
Location: Sacramento
14,044 posts, read 27,208,139 times
Reputation: 7373
Quote:
Originally Posted by JazzyTallGuy View Post
The payroll tax cut is NOT permanent.

At some point in time Washington will stop kicking the can of "How To Fund Social Security and Medicare" down the curb and we'll have a serious debate on the issue.

Neither party is in the mood right now to raise taxes and neither are a lot of the American people.
Raising it back up the year before the election won't be easy, and you will be in the process of beginning to starve the Social Security fund. The decrease was against a base payment rate that has existed for decades, so it wasn't a tax increase.
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Old 12-17-2010, 08:07 AM
 
Location: Wisconsin
37,959 posts, read 22,134,270 times
Reputation: 13794
Quote:
Originally Posted by NewToCA View Post
The Democrats have the majority in both the House and Senate, along with the Executive Office.

They had the power to keep this from the bill, but instead they are touting it as a major benefit for this coming year.

Again, why aren't the liberals up in arms about the Social Security risk associated with the 2% payroll tax cut?
Well, the dems cut $500 billion from Medicare, and are now wanting to defund SS by this 2% reduction, and yet, their sycophant democratic voters seem to be perfectly content.
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Old 12-17-2010, 08:10 AM
 
Location: Wisconsin
37,959 posts, read 22,134,270 times
Reputation: 13794
Quote:
Originally Posted by JazzyTallGuy View Post
The payroll tax cut is NOT permanent.

At some point in time Washington will stop kicking the can of "How To Fund Social Security and Medicare" down the curb and we'll have a serious debate on the issue.

Neither party is in the mood right now to raise taxes and neither are a lot of the American people.
So when is raising taxes the best thing for the country, if raising them now is not? If raising federal income taxes causes economic booms, then why not raise taxes on everyone by 5% or more NOW? Lets get this boom started.
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Old 12-17-2010, 08:16 AM
 
Location: South East
4,209 posts, read 3,588,124 times
Reputation: 1465
So glad it passed!

Now the 'rich' can take over the country and wipe out the middle class and take over corporate america and destroy the country and ruin people and......blah, blah, blah
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Old 12-17-2010, 08:20 AM
 
Location: Northeast
1,377 posts, read 1,053,236 times
Reputation: 407
Quote:
Originally Posted by ringwise View Post
So small family farms, who are heavily impacted by the estate tax, should have to sell their farms to pay the govt again when they die?
How many small family farms are left these days? I bet not too many as BigAg is taking over. Remember Farm Aid? That was in the 80s folks.

Family Farms, why family farms important - The Issues - Sustainable Table

The dramatic expansion of industrial agriculture (or factory farming) has made it increasingly difficult for small family farmers in the U.S to stay in business. Instead, the food industry has become dominated by a handful of giant corporations which benefit from government policies that favor large-scale production.
Family farmers are being forced out of business at an alarming rate. According to Farm Aid, every week 330 farmers leave their land.i As a result, there are now nearly five million fewer farms in the U.S. than there were in the 1930's.ii Of the two million remaining farms, only 565,000 are family operations.iii As established family farms are shut down, they are not being replaced by new farms and young farmers. Very few young people become farmers today, and half of all U.S. farmers are between the ages of 45 and 65, while only 6% of all farmers are under the age of 35.
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Old 12-17-2010, 08:23 AM
 
Location: Inyokern, CA
1,609 posts, read 1,078,767 times
Reputation: 549
Quote:
Originally Posted by workingclasshero View Post
wrong....they passed KEEPINg THE TAX RATES the SAME. for EVERYONE...every LEVEL

to say its a cut for million(billion)iars is a ....LIE
Well, actually, they "INCREASED" the "Death Tax," on the wealthy, otherwise known as the estate tax. That very horrible tax had finally gone away this year. Frankly, as I interpret the Constitution, this is a very illegal so-called tax that is really "confiscation" of property.

Bottom line...all tax levels remain the same for everyone for the next 2 years, EXCEPT the Death Tax on property left behind, including family farms, ranches, etc. Very bad! Very destructive.
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Old 12-17-2010, 08:26 AM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
Reputation: 18521
Quote:
Originally Posted by lorrysda View Post
Well, actually, they "INCREASED" the "Death Tax," on the wealthy, otherwise known as the estate tax. That very horrible tax had finally gone away this year. Frankly, as I interpret the Constitution, this is a very illegal so-called tax that is really "confiscation" of property.

Bottom line...all tax levels remain the same for everyone for the next 2 years, EXCEPT the Death Tax on property left behind, including family farms, ranches, etc. Very bad! Very destructive.


Every tax you and I pay, besides a sales tax at the point of exchange, is a confiscation of property. Who really owns it, if you have to pay someone off to keep it?


Let me try that in the private sector...

If I can't legally do it, my government should never have more power than I as an individual.
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