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Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama's payroll tax cuts for both employers and employees, arguing that the policy had already failed to provide a sufficient boost to the economy. "It hasn't worked," Ryan said, suggesting the current temporary tax cut should be allowed to expire, which will amount to a 50 percent tax hike on workers making less than $106,000 per year.
He also said he opposes the president's proposal to require millionaires to pay the same tax rate as the middle class, known as the Buffett plan.
The GOP in action.
If you agree to a 3% decrease in your benefits then you can keep this temporary tax cut. This was to be temporary and loss is being added to the national debt.
Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama's payroll tax cuts for both employers and employees, arguing that the policy had already failed to provide a sufficient boost to the economy. "It hasn't worked," Ryan said, suggesting the current temporary tax cut should be allowed to expire, which will amount to a 50 percent tax hike on workers making less than $106,000 per year.
He also said he opposes the president's proposal to require millionaires to pay the same tax rate as the middle class, known as the Buffett plan.
The GOP in action.
They aren't causing tax increases, they're just letting them expire. (This is the exact line liberals used when the Bush tax cuts were about to expire).
They aren't causing tax increases, they're just letting them expire. (This is the exact line liberals used when the Bush tax cuts were about to expire).
You can't have it both ways. The Republicans have been saying that letting them expire was a tax increase. See even when Democrats argee with Republicans they still say they are wrong. They truely are the party of no.
You can't have it both ways. The Republicans have been saying that letting them expire was a tax increase. See even when Democrats argee with Republicans they still say they are wrong. They truely are the party of no.
By allowing the 2001 suspension of the 1993 tax increase to expire in 2012, as agreed to by Speaker Boehner for increasing the Debt Ceiling, the GOP controlled House is indeed raising taxes. The same is also true for the Democrat controlled Senate.
The one thing it is not is an "Obama tax increase." Unless you happen to be civically stupid.
By allowing the 2001 suspension of the 1993 tax increase to expire in 2012, as agreed to by Speaker Boehner for increasing the Debt Ceiling, the GOP controlled House is indeed raising taxes. The same is also true for the Democrat controlled Senate.
The one thing it is not is an "Obama tax increase." Unless you happen to be civically stupid.
It really is semantics, but I think we can agree that it is not an Obama Tax increase.
It really is semantics, but I think we can agree that it is not an Obama Tax increase.
The US Constitution is NOT "semantics." It is the Supreme Law of the Land, and it grants only Congress the power to raise or lower taxes, not Presidents.
They pay MORE income tax by percentage than the "middle class". You are comparing capital gains taxes with income taxes. Apples and oranges completely.
"They" is not republican, nor democrat; it is both. And both have had their hand in writing this monstrosity of a tax code. It is the tax code that differintiates between ordinary income and capital gains. Quit demagoguing long enough to think. It is not always democrat or republican.
Quote:
Originally Posted by hotair2
They always seem to forget that, and for the very wealthy it is almost their only form of income.
"They" is not republican, nor democrat; it is both. And both have had their hand in writing this monstrosity of a tax code. It is the tax code that differintiates between ordinary income and capital gains. Quit demagoguing long enough to think. It is not always democrat or republican.
They - the wealthy are both democrats and Republicans...true. However, it is the Republicans who are always trying to keep the wealthy from paying a fair percentage of income.
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It is the Supreme Law of the Land, and it grants only Congress the power to raise or lower taxes, not Presidents.
