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.
It's looking less and less likely that the tax rates of the Bush years will be extended. Various reports have said that as of January first the "average household" will pay an extra $2200 per year in taxes. For married couples, that will be higher yet, due to the return of the Marriage Penalty.
So...where will you cut spending in order to come up with an extra $2200 to pay for DCs reckless spending? What are you going to do without? ~$200 per month for the "average household" is a big piece of change, and we're looking at more like $300 as a married couple with no kids. In our case, that will hit our "discretionary spending" pretty hard. We don't eat out more than about once a month now (other than a fast-food lunch about once a week). Already carpool, and don't do a lot of driving on weekends. No real charitable deductions. We can probably cut back on our Dish Network, and maybe get rid of some of our pets...cat and dog food, along with vet bills, are among our biggest discretionary expenses.
How about you...where will you trim your spending in order to subsidize DC?
Obama is against increase in tax cuts to incomes below $250K. Republicans are the ones opposed to the idea, unless incomes above $250K are also protected.
Last edited by CaseyB; 12-13-2012 at 04:17 PM..
Reason: rude
Well Obama wants to postpone any cuts for 1 year.
Given how much we spend and how it's increasing you might be looking at a whole new ballgame come 12/2013.
Quite easy to eliminate non-essential funding but no one will do it.
Quite easy to just do across the board 10-20% cuts.
The government has been so generous with our money that they subsidize way too many non essential jobs in the private sector as well as the public sector.
My family income is less than 250K. I am still hopeful that Obama will be able to stop Boehner, McConnell and the Republicans from raising my taxes and destroying our economy.
So I hope the Repub. in congress decide to keep the lower level rates. If they dont then we will continue to live as we do now. Its the young families who will be most hurt when the Repub. will not stop holding them hostage.
My family income is less than 250K. I am still hopeful that Obama will be able to stop Boehner, McConnell and the Republicans from raising my taxes and destroying our economy.
The Obama cuts are not the only taxes you will be facing if they expire.
And they should expire for all.
Let Obama and the Dems come up with their own plan suited for today, not rely on Bush and the Republican plan which was done over 10 years ago for a completely different reason.
That recession is over and so those cuts should expire.
My family income is less than 250K. I am still hopeful that Obama will be able to stop Boehner, McConnell and the Republicans from raising my taxes and destroying our economy.
Dear informed person.... Your taxes are going up anyways when the Bush tax cuts expire. I suggest you read up on it.
Dear informed person.... Your taxes are going up anyways when the Bush tax cuts expire. I suggest you read up on it.
Bush didn't make them permanent after all. Why should Obama get the blame for it?
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.
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.
