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Post by Supertramp78 on Apr 17, 2011 19:53:01 GMT -5
Bush isn't in office anymore, remember? What do we do about it today? We let those "temporary" tax cuts, sold to us as a stimulus, that failed to stimulate, expire. That's what we do now. Tim Yup. Just like the GOP voted for when they passed the temporary bill in the first place.
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Post by timfarney on Apr 17, 2011 20:20:16 GMT -5
We let those "temporary" tax cuts, sold to us as a stimulus, that failed to stimulate, expire. That's what we do now. Tim They are Obama's.tax cuts now. Let me just go ahead and call this one what it is: Bullshit. They were passed by a GOP majority and signed by a GOP president as a temporary stimulus with an end date. They utterly failed to achieve their purpose and yet the GOP wants to make them permanent. How are they "Obama's?" If he fails to veto them he'll own these tax cuts just like Clinton owns all the GOP Congressional initiatives that went through under his watch. Otherwise, yeah...bullshit. Tim
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Post by omaha on Apr 17, 2011 20:40:59 GMT -5
"How are they "Obama's?""
The tax cuts that exist, right now, today, were signed by Obama. Not Bush. Obama. Without Obama's signature, no tax cuts.
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Post by Doug on Apr 17, 2011 21:00:03 GMT -5
The Dems are right it's the Republicans fault. The Repbs are right it's the Democrats fault.
Now you know who's fault it is, how do you fix it? How do you get rid of the debt?
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Post by Deleted on Apr 17, 2011 21:40:45 GMT -5
The Dems are right it's the Republicans fault. The Repbs are right it's the Democrats fault. Now you know who's fault it is, how do you fix it? How do you get rid of the debt? Bring back the Whig party? ;D
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Post by Supertramp78 on Apr 17, 2011 21:54:43 GMT -5
"How are they "Obama's?"" The tax cuts that exist, right now, today, were signed by Obama. Not Bush. Obama. Without Obama's signature, no tax cuts. Could someone tell the GOP to start calling them the Obama tax cuts then? I really want to see all of them stand up and repeatedly fight for "Making the Obama Tax Cuts permanent!" For some reason they just don't call them that despite the fact that the reason they didn't expire in 2010 when they were supposed to was because Obama gave them a two year extension. You would think they would love him for that and give him credit for it.
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Post by omaha on Apr 17, 2011 22:02:56 GMT -5
I don't think Republicans in congress (with a few notable exceptions) are that smart.
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Post by Doug on Apr 17, 2011 22:04:06 GMT -5
The Dems are right it's the Republicans fault. The Repbs are right it's the Democrats fault. Now you know who's fault it is, how do you fix it? How do you get rid of the debt? Bring back the Whig party? ;D As long as everybody keeps worrying about who to blame the problem keeps getting worse.
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Post by Supertramp78 on Apr 17, 2011 22:08:46 GMT -5
I don't think Republicans in congress (with a few notable exceptions) are that smart. Good point. Same goes for both parties. My bigger beef is I don't think they think we are all that smart either.
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Post by timfarney on Apr 18, 2011 6:04:34 GMT -5
I don't think Republicans in congress (with a few notable exceptions) are that smart. And I don't think they're that dumb. Low taxes, social issues with a pretty narrow audience and the illusion of fiscal responsibility are the sum total of the GOP's populist appeal. Tim
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Post by Fingerplucked on Apr 18, 2011 6:16:44 GMT -5
Super rich see federal taxes drop dramatically... Eric Schoenberg says to sign him up for paying higher taxes. Schoenberg, who inherited money and has a healthy portfolio from his days as an investment banker, has joined a group of other wealthy Americans called United for a Fair Economy. Their goal: Raise taxes on rich people like themselves. Shoenberg, who now teaches a business class at Columbia University, said his income is usually "north of half a million a year." But 2009 was a bad year for investments, so his income dropped to a little over $200,000. His federal income tax bill was a little more than $2,000. "I simply point out to people, `Do you think this is reasonable, that somebody in my circumstances should only be paying 1 percent of their income in tax?'" Schoenberg said. Sen. Orrin Hatch of Utah, the top Republican on the Senate Finance Committee, said he has a solution for rich people who want to pay more in taxes: Write a check to the IRS. There's nothing stopping you. "There's still time before the filing deadline for them to give Uncle Sam some more money," Hatch said. Schoenberg said Hatch's suggestion misses the point. "This voluntary idea clearly represents a mindset that basically pretends there's no such things as collective goods that we produce," Schoenberg said. "Are you going to let people volunteer to build the road system? Are you going to let them volunteer to pay for education?" ... news.yahoo.com/s/ap/20110417/ap_on_bi_ge/us_no_taxes
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Post by brucemacneill on Apr 18, 2011 6:42:09 GMT -5
Super rich see federal taxes drop dramatically... Eric Schoenberg says to sign him up for paying higher taxes. Schoenberg, who inherited money and has a healthy portfolio from his days as an investment banker, has joined a group of other wealthy Americans called United for a Fair Economy. Their goal: Raise taxes on rich people like themselves. Shoenberg, who now teaches a business class at Columbia University, said his income is usually "north of half a million a year." But 2009 was a bad year for investments, so his income dropped to a little over $200,000. His federal income tax bill was a little more than $2,000. "I simply point out to people, `Do you think this is reasonable, that somebody in my circumstances should only be paying 1 percent of their income in tax?'" Schoenberg said. Sen. Orrin Hatch of Utah, the top Republican on the Senate Finance Committee, said he has a solution for rich people who want to pay more in taxes: Write a check to the IRS. There's nothing stopping you. "There's still time before the filing deadline for them to give Uncle Sam some more money," Hatch said. Schoenberg said Hatch's suggestion misses the point. "This voluntary idea clearly represents a mindset that basically pretends there's no such things as collective goods that we produce," Schoenberg said. "Are you going to let people volunteer to build the road system? Are you going to let them volunteer to pay for education?" ... news.yahoo.com/s/ap/20110417/ap_on_bi_ge/us_no_taxes Schoenberg made a moral decision. He could have taken the standard deduction and paid $50,000 or he could take every deduction he could think of and knock it down to $2000. We see his choice. Therefore, IMHO, he loses the right to tell me what to do.
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Post by omaha on Apr 18, 2011 7:09:21 GMT -5
FairTax.org
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Post by Fingerplucked on Apr 18, 2011 9:59:14 GMT -5
Bruce, I agree that Shoenberg is just one guy, and as such, doesn't count for much. I just found it interesting that he's calling for higher taxes on the rich, and he's not the only rich guy doing that.
They're the minority though. The majority of rich people want to pay lower taxes even though their taxes are already at historically low levels. But they pay good money for Republicans, and they're pretty good at not wasting money. And as we can see, Republicans are doing everything within their power to deliver.
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