Reagan Myths: Reagan Raised Taxes but spawned NO Tea , Obama cuts taxs and gets Tea..Go figure

[Pookie4]

Originally Posted by harrymiafl

Reagan was a giant
&
all u who try to defame him have the status of a termite...

He was the Terminator,u r the...Termitetor...

What? Can't you write proper English?

[saganista]

Originally Posted by pghquest

I checked the IRS website for a flat tax fee system, but none found. Can you point out the tax system which you imagine exists based upon dollars and not percentages? Your non stop spinning is getting almost ridiculous.

Wow. This is one of your weakest all-time deflections, which is really saying something. You claimed Reagan cut taxes on the basis of his having lowered marginal rates. That's all well and good, and there weren't too many folks opposed to lowering those rates. But that doesn't necessarily result in a tax cut if at the same time, you are throwing away people's deductions. Things like the sales tax deduction, the gas tax deduction, and all personal interest except that on investment and home equity loans. He made unemployment benefits taxable and put new floors on medical expenses (7.5% of AGI) and miscellaneous deductions (2% of AGI). He eliminated the capital gains tax preference and the dividend exclusion as well as the deductibility of political campaign contributions. There were so many reductions to deductions that while sold as revenue-neutral, the tax reform act of 1986 turned out to be a significant two-year tax increase. That's exactly contrary to your claim. You were wrong because you looked at only one half of the equation -- tax rates -- and ignored the other half -- the tax base. Quite the silly mistake.

Originally Posted by pghquest

Ahh no, not all from the healthcare bill.. But ridiculing the taxes because they are not going to "crush" the middle class doesnt mean they dont exist. Hell, the tax rate wasnt crushing the middle class before it was "lowered" by Obama either..

There are a lot of taxes, fees, and charges in the health care bill. Duh. That's how it's paid for. Sort of like how tobacco taxes paid for S-CHIP. Are you familiar with that term, paid for? Your friend, Mr. Bush, was not. And who actually does all that paying for re the health care bill? What percent of those fees and taxes will hit an average American family? Can't tell for sure yet because the market will adjust in anticipation of the taxes before they ever go into effect, but whatever the case, the impacts will fall primarily on the wealthy -- just as the tanning and cosmetic surgery examples suggested -- and on those very companies who have been dividing up that 30 cents out of every health care dollar that hasn't actually been going into health care at all.

Originally Posted by pghquest

So you now agree there are tax increases under Obama.. Then why the hell are you disputing this with me if you agree its correct? Oooh I know.. you hate when people point out tax INCREASES under Obama..

What??? He campaigned on promises of tax increases. Most of whch he has had to postpone on account of the Great Bush Recession. He said from the start that health care could not add one dime to the deficit. What in heaven's name did you think he meant by that???

Originally Posted by pghquest

blah blah blah blah blah..

I see. All those things like getting rid of the donut-hole for seniors and being able to get health care coverage for your child with a pre-existing condition amounts to blah blah blah blah blah to you. What a piece of work.

Originally Posted by pghquest

None of these will benefit myself, but if you are discussing the american public, I'm sorry but I dont see how the raising of rates, the only possible outcome of a bill which was suposed to cut them, is beneficial. Its the EXACT OPPOSITE of how it was sold to the public.

Nobody -- including you -- should trust any of your analysis. Time will tell how much the cost curve has been bent. Some for sure. As much as we would like? We'll see. One thing's for certain though. No insurance company death panel will be cutting off your coverage because you hit your lifetime maximum.

Originally Posted by pghquest

You are though going off on a tangent because the discussion is TAXES.. And you cant ignore the TAXES in the bill, or the other bills passed..

You're the one who brought up the health care bill, even though everyone having paid any attention at all knows that there are taxes in it. The taxes help fund the benefits. The benefits are huge. One of them is a projected 20-year reduction in the deficit of well over $1 trillion. That's on top of insuring almost all Americans for about the same price that we pay today to insure well fewer than 85% of Americans. Why, if a Republican had brokered this bill, you'd ADORE it!!!

Originally Posted by pghquest

Wait, you just said that percentages dont count, while you list a bunch of taxes based upon percentages.

How desperately flaky. When someone says that Reagan's tax increases raised taxes by $164 billion in 1992 or 2.6 percent of GDP, he is not making the same silly mistake that you made. You need to face the simple fact that your idol Reagan passed not just one, but a whole series of tax increases, and that the economic situation on his watch did not improve until he did.

Originally Posted by pghquest

But to reply to all of this, Reagan moved how tax liabilities were being collected, similar to what Obama is doing. Cut a tax here, raise a tax there!!! Your $300B subtotal is odd because thats EXACTLY the amount of taxes raised by Obama in ONE YEAR.. Cut $300B in taxes, raise $600B more.. Obama outtaxed Reagan in 1 year, what Reagan did in EIGHT.. These are YOUR FIGURES.. NOT MINE..

And you don't seem to understand any of them. Obama's tax cuts were over the past two years, and they are larger than the tax cuts provided by the first two years of Reagan's famous 1981 tax cut, the final third of which was wiped out by his whopper tax increase in 1982. All of the numbers in the health care bill are over the next ten years. That's five times as much as two years, by the way. Every tax or fee in the health care bill funds health care. Reagan's tax increases didn't necessarily fund anything at all except a reduction in the ridiculous deficits that resulted from his silly promise to increase defense spending, cut taxes, and balance the budget in three years. Remember that? What a fiscal genius. You and he would probably have gotten along just swell...