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I know that nobody on the side of the republicans will be believe this, but obama wants to have a grand bargin to secure his legacy. He wants tax revenue in exchange for entitlement cuts to medicare, medicaid and social security. He campaigned on tax hikes for the top 2% in this country making over 250K. Here is my question, why are so opposed to obama closing loopholes for the top 2%, if you get major reduction in entitlements which are the largest driver of our debt? He made it known that he would lock in the bush tax cuts permanently for everybody else, so why are you trying to protect the rich from the closing of any loopholes?
Obama already got more tax revenue this year but he wants more. That's the problem, Obama will never be satisfied and will always want to take more money from us.
Never be so content to think that in in his constant quest for more money that you will wake up one day to find out Obama considers you rich and want to increase taxes on you.
Please don't talk about the importance of tax revenue while half of working age Americans don't pay taxes, and in fact increase the tax burden.
You instead want to tax 2% of the population.
If tax revenue was important - you would do what you could to increase the pool of people who pay taxes.
At least you admit entitlements are the largest driver of debt - and not the Defense Dept.
And Bingo on the bolded part of your post. Now ask yourself where have all the jobs gone and who sent them away and above all---who profits from shipping jobs out of the US?
Obama already got more tax revenue this year but he wants more. That's the problem, Obama will never be satisfied and will always want to take more money from us.
Never be so content to think that in in his constant quest for more money that you will wake up one day to find out Obama considers you rich and want to increase taxes on you.
Again i ask, he made it know he would lock in tax rates permanently for the 98%, so he is only going after the top 2%, so again I ask, why is it so important to make sure the rich aren't paying higher taxes.
Obama already got more tax revenue this year but he wants more. That's the problem, Obama will never be satisfied and will always want to take more money from us.
Never be so content to think that in in his constant quest for more money that you will wake up one day to find out Obama considers you rich and want to increase taxes on you.
Yeah, like you are part of the top 2%. I don't feel bad for that 2% many of who because of all the tax dodges and loopholes pay less than middle income earners. I fail to understand why the average earner stands up for these greedy pigs many of who produce nothing and give less to society.
Please don't talk about the importance of tax revenue while half of working age Americans don't pay taxes, and in fact increase the tax burden.
You instead want to tax 2% of the population.
If tax revenue was important - you would do what you could to increase the pool of people who pay taxes.
At least you admit entitlements are the largest driver of debt - and not the Defense Dept.
I admit that entitlements (medicare really) is the largest driver of our debt. I think democrats should let go of protecting it so much, and worry about discretionary spending, but that us just me. Here is my thing, If obama said he would trade entitlement cuts for closing loopholes on the top 1 or 2 percent, why is that such a bad thing?
Again i ask, he made it know he would lock in tax rates permanently for the 98%, so he is only going after the top 2%, so again I ask, why is it so important to make sure the rich aren't paying higher taxes.
For starters, the rich already pay higher taxes.
You aren't really presenting the issue fairly, but rather of the "have you stopped beating your wife" style.
They want decreased govt. spending and the status quo is that yes, the rich are paying higher taxes as it currentlly stands.
People are trying to dishonestly portray a spending problem by inserting class warfare and a minority group of 2% into the mix.
Tell you what, give me a 5% decrease to govt. spending and I will gladly support a 2% higher tax on "the rich".
I admit that entitlements (medicare really) is the largest driver of our debt. I think democrats should let go of protecting it so much, and worry about discretionary spending, but that us just me. Here is my thing, If obama said he would trade entitlement cuts for closing loopholes on the top 1 or 2 percent, why is that such a bad thing?
Please don't talk about the importance of tax revenue while half of working age Americans don't pay taxes, and in fact increase the tax burden.
You instead want to tax 2% of the population.
If tax revenue was important - you would do what you could to increase the pool of people who pay taxes.
At least you admit entitlements are the largest driver of debt - and not the Defense Dept.
Except that the people you want to "increase the pool" have very little income to tax. Most of the people who currently pay no federal income tax nor payroll taxes are low-income people who are elderly, unable to work due to a serious disability, or students, most of whom subsequently become taxpayers.
When all federal, state, and local taxes are taken into account, the bottom fifth of households pays about 16 percent of their incomes in taxes, on average. The second-poorest fifth pays about 21 percent.
If one is interested in raising revenue, you don't tax the poor like the 17th Century French. You tax the top earners who have seen their share of national income skyrocket.
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I don't feel bad for that 2% many of who because of all the tax dodges and loopholes pay less than middle income earners. I fail to understand why the average earner stands up for these greedy pigs many of who produce nothing and give less to society.
