Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-07-2012, 08:20 AM
 
Location: Dallas, TX
31,767 posts, read 28,813,019 times
Reputation: 12341

Advertisements

Quote:
Originally Posted by Toyman at Jewel Lake View Post
The better question is why are they known as the "Bush Tax Cuts for the Rich", whey 60%+ of the reductions went to lower income tax payers? Usual story though, tell the same lie long enough and the ignorant will start to believe it.
Why would Bush do that? And why do republicans advertise eliminating tax cuts for the top 1-5% as "burden on job creators" when you claim that they didn't see noticeable difference? And are you also accounting for capital gains tax?
Reply With Quote Quick reply to this message

 
Old 06-07-2012, 08:23 AM
 
Location: San Antonio Texas
11,431 posts, read 18,997,649 times
Reputation: 5224
Quote:
Originally Posted by alphamale View Post
Besides, after a decade, aren't they "tax rates"?

Go ahead Obama, raise taxes.

Do it today, since you and your minions keep saying that it's what the American people want.

You do not have the courage.

As usual.
I thought that tax cuts were a "good thing"? The Bush tax cuts has a good sound to it though.
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 08:23 AM
 
11,531 posts, read 10,288,429 times
Reputation: 3580
Quote:
Originally Posted by skoro View Post
Because Bush enacted them.
LOL, so true, and obvious
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 08:25 AM
 
23,838 posts, read 23,119,311 times
Reputation: 9409
The Liberal Media.....and liberals.....can't do anything without there being a label on their target. In this case, leftists are holding on to the last vestiges of the Bush legacy in their attempt to prop up Barack Obama. Unfortunately for libs, America sees right through this lousy attempt to shield the President. The pendulum is swinging towards conservatism and Republicans in 2012. Bet on it.
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 08:45 AM
 
3,045 posts, read 3,192,643 times
Reputation: 1307
Quote:
Originally Posted by alphamale View Post
Besides, after a decade, aren't they "tax rates"? Go ahead Obama, raise taxes. Do it today, since you and your minions keep saying that it's what the American people want. You do not have the courage. As usual.
Your little economics thread showed that you don't know a lot about economics. I'm guessing you don't know much about taxes either. They are called the Bush tax cuts as that's the overall common monicker given to them. It would probably be nice for Obama if they were called the Obama tax cuts, but nobody would have a sweet damn clue of what you were talking about.

Obama agreed to extend them in return for extending the unemployment benefits. Basically, he agreed to let the Republicans give another gift to the rich while he did what the President has to do and keep the country running.

In terms of your courage comment, the call to go after OBL took a lot of courage. Had they been wrong, it would have been the biggest foreign policy mistake since Carter's time and his Presidency would have been done.

Other than he's a Democrat and you're overly emotional, is there anything you're really whining about here?
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 08:59 AM
 
Location: Long Island, NY
19,792 posts, read 13,945,761 times
Reputation: 5661
Quote:
Originally Posted by Toyman at Jewel Lake View Post
The better question is why are they known as the "Bush Tax Cuts for the Rich", whey 60%+ of the reductions went to lower income tax payers? Usual story though, tell the same lie long enough and the ignorant will start to believe it.
That's debatable. While the Bush tax-cuts lowered taxes on many by very little, it lowered the taxes of the few greatly. In sheer dollar terms it looks like more went to the lower brackets because there are so many lower bracket people. (And now, conservatives are complaining that 49% pay no income taxes at all.)

Over a ten-year period, $1.7 trillion went to the bottom 99% while $700 billion went just to the top 1%. Thus, a larger share proportionally went to the wealthy.
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 09:06 AM
 
Location: Dallas, TX
31,767 posts, read 28,813,019 times
Reputation: 12341
Actually, even the 1% got the same tax cut that the rest did. So any accounting of tax dollars for lower incomes also include incomes of the highest wage earners.
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 09:19 AM
 
Location: Martinsville, NJ
6,175 posts, read 12,936,822 times
Reputation: 4020
Quote:
Originally Posted by noexcuseforignorance View Post
Obama agreed to extend them in return for extending the unemployment benefits. Basically, he agreed to let the Republicans give another gift to the rich while he did what the President has to do and keep the country running.
That's not what President Obama said when he signed the bill extending them. According to the Washington Post,
Quote:
At the signing ceremony, Obama said passage of the law was propelled "by the fact that tax rates for every American were poised to automatically increase on January 1st." If that had happened, "the average middle-class family would have had to pay an extra $3,000 in taxes next year," he said. "That wouldn't have just been a blow to them; it would have been a blow to our economy, just as we're climbing out of a devastating recession."
It's one of the few positive things he's done as President. Don't dilute it by saying he didn't want to do it.
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 11:06 AM
 
20,948 posts, read 19,047,114 times
Reputation: 10270
Quote:
Originally Posted by EinsteinsGhost View Post
Do you want to hate the tax cuts now? But to answer your question, they are called Bush Tax Cuts because Bush proposed and signed off on them. Obama opposes most of it, but agreed to extend it temporarily as a compromise with republicans. Do you not know EVEN THAT?
I know EVERYTHING!

Obama was too weak to end them. He KNEW that by doing so, it would be disasterous to the economy.

Obama IS too weak to end them come January.....lame duck or not.

I like ANY tax cut, as long as there are no leftie policies attached to the bill.
Reply With Quote Quick reply to this message
 
Old 06-07-2012, 11:08 AM
 
20,948 posts, read 19,047,114 times
Reputation: 10270
Quote:
Originally Posted by EinsteinsGhost View Post
Why would Bush do that? And why do republicans advertise eliminating tax cuts for the top 1-5% as "burden on job creators" when you claim that they didn't see noticeable difference? And are you also accounting for capital gains tax?
Did you know that even the poorest among us can pay 15% for capital gains?

It's NOT a "rich person tax break".
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6.

¬© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top