Obama defends tax deal

[Scar My Machine]

The wealthy get their way again.

President Obama did the best thing considering the situation. At least the Americans that are still having a struggle with this economy will keep getting help till they get back on their feet. And yay to the conservatives, the wealthiest 1% can continue to get their tax breaks. And as we all know, they need every break they can lobby for.

It's a win win.

He staunchly defended his decision to deal with the GOP in order to extend about-to-expire tax cuts for all Americans.

Clearly President Obama and the dem's are trying to destroy America by coming to an agreement to help those Americans that are less fortunate at this time. The unemployment benefit extensions is clearly how they intend to make America a socialist/communist nation.

Oh the humanity.

Edited December 7, 2010 by Scar My Machine

[phee]

Heh... yeah.... The Republicans were essentially holding the middle class and the poor hostage threatening to not give tax breaks to the middle class and the poor unless the tax breaks were also given to the richest 1%...

*sigh*

"If you don't let the rich get richer we will make the poor and middle class and poor suffer..." FRIGGEN POLITICIANS.

[Scar My Machine]

It's so obvious after having seen the republican party hold the middle class and the poor hostage that republican politicians are only trying to do the "right" thing for the entire country.

They really are fighting for you and I by denying tax cuts to us unless the rich keep more of their money (ask most conservatives, the rich work harder than you or I for the money they/we 'earn').

[phee]

It's so obvious after having seen the republican party hold the middle class and the poor hostage that republican politicians are only trying to do the "right" thing for the entire country.

They really are fighting for you and I by denying tax cuts to us unless the rich keep more of their money (ask most conservatives, the rich work harder than you or I for the money they/we 'earn').

Of course it is far from this simple...

But what it does come down to is that they are trying to give breaks to those who don't need them at the expense of those who need them to survive... I am not even talking about welfare here, I am talking about the "working poor" of which I am a member of...

I am just glad that SOMETHING got done... as opposed to NOTHING.

[creatureofthenyte]

But what it does come down to is that they are trying to give breaks to those who don't need them at the expense of those who need them to survive... I am not even talking about welfare here, I am talking about the "working poor" of which I am a member of...

Um, not for nothing, but Your Employer is in that top 2%, that you like to demonize so much.

So,

if your employer's taxes were to go up dramatically next year, IF they were, chances are your employer would have to Lay Off some workers.

So, then(and I truly hope that doesn't happen) you would be just poor, instead of working poor as you are now.

There are businesses of varying sizes in that top 2%, that employ A Lot of people.

It's not just the Warren Buffets, Bill Gates, and Donald Trump(s)in the top 2%.

Obviously, Those folks can afford to pay more and not miss a beat.

Something else I am curious about; Democrats piss and moan about extending the current tax rates to the top 2%, saying it would add another 700 billion dollars to the deficit.

They already added 800+ billion for "stimulus" bills that didn't do a damn thing, so why care now, about adding more to the deficit ? They didn't give a damn up until now.

Also, this "mandate" of extending unemployment benefits AGAIN, how much is That going to add to the deficit ???? And why are the Democrats looking the other way on that, and on the other hand, pouting and crying about extending the current tax rates for everyone ? Blatant hypocrisy...

Edited December 8, 2010 by creatureofthenyte

[phee]

Um, not for nothing, but Your Employer is in that top 2%, that you like to demonize so much.

So,

if your employer's taxes were to go up dramatically next year, IF they were, chances are your employer would have to Lay Off some workers.

So, then(and I truly hope that doesn't happen) you would be just poor, instead of working poor as you are now.

There are businesses of varying sizes in that top 2%, that employ A Lot of people.

It's not just the Warren Buffets, Bill Gates, and Donald Trump(s)in the top 2%.

Obviously, Those folks can afford to pay more and not miss a beat.

Something else I am curious about; Democrats piss and moan about extending the current tax rates to the top 2%, saying it would add another 700 billion dollars to the deficit.

They already added 800+ billion for "stimulus" bills that didn't do a damn thing, so why care now, about adding more to the deficit ? They didn't give a damn up until now.

Also, this "mandate" of extending unemployment benefits AGAIN, how much is That going to add to the deficit ???? And why are the Democrats looking the other way on that, and on the other hand, pouting and crying about extending the current tax rates for everyone ? Blatant hypocrisy...

You think my employer is being victimized?

[creatureofthenyte]

You think my employer is being victimized?

No, I'm saying that if this "deal" falls through, and nothing gets done before January, then the taxes for everyone, are going to go up dramatically. That could lead to companies(like the one you work for) to have to layoff people.

So if the taxes don't go up, then there is a better chance of companies(like the one you work for) not having to lay off workers.

I'll play worst case scenario...

If January comes and the taxes for everyone go up dramatically, and your boss comes to you and says: "I'm really sorry, but I have to lay you off, because our taxes went up dramatically, and we have to cut costs".

How would you feel about that ?

Edited December 8, 2010 by creatureofthenyte

[phee]

No, I'm saying that if this "deal" falls through, and nothing gets done before January, then the taxes for everyone, are going to go up dramatically. That could lead to companies(like the one you work for) to have to layoff people.

So if the taxes don't go up, then there is a better chance of companies(like the one you work for) not having to lay off workers.

I'll play worst case scenario...

If January comes and the taxes for everyone go up dramatically, and your boss comes to you and says: "I'm really sorry, but I have to lay you off, because our taxes went up dramatically, and we have to cut costs".

How would you feel about that ?

I am not really too worried about that given what I know about the company.

I would be more worried if they kept taking off the bottom like they have been.

I survived here through all the cutbacks due to the Bush Economy.... I am sure I can survive this.

[creatureofthenyte]

I am not really too worried about that given what I know about the company.

I would be more worried if they kept taking off the bottom like they have been.

I survived here through all the cutbacks due to the Bush Economy.... I am sure I can survive this.

Oh, okay then, that's great !

[Gaf The Horse With Tears]

and as pointed out before... Tax breaks increase Federal Revenue.

Just keep this in mind... the tax breaks for those over $250,000 income... will add about $32billion to the deficit. The tax breaks below that number.... will add $200-250billion to the deficit. But thats really not even true. They wont add to the deficit. They take our money away from the Treasury Department and leave it in the hands of the people.

When people have money, they spend it. When people spend money, the economy gets better.

Congress needs to stop spending so much so the Treasury department can make it's payments. It's what we little people have to do everyday. It they dont, we go the way of Ireland and Greece.

[torn asunder]

and as pointed out before... Tax breaks increase Federal Revenue.

Just keep this in mind... the tax breaks for those over $250,000 income... will add about $32billion to the deficit. The tax breaks below that number.... will add $200-250billion to the deficit. But thats really not even true. They wont add to the deficit. They take our money away from the Treasury Department and leave it in the hands of the people.

When people have money, they spend it. When people spend money, the economy gets better.

Congress needs to stop spending so much so the Treasury department can make it's payments. It's what we little people have to do everyday. It they dont, we go the way of Ireland and Greece.

logically, this makes a lot of sense - thanks for putting it out this way, gaf, i get what you're saying about tax breaks improving the economy.

[Soulrev]

Hmm ya know, people always say things like "down with corporations" and such.. Now, I'm no economy expert, but doesn't it make a little bit of sense to give a tax cut to corporations? I mean, half of them have already left our country to go elsewhere, where taxes and costs are lower. So, to me, I would think giving a tax break to the "rich" corporations and such, isn't such a bad thing, especially since they EMPLOY most of us. I'd say the biggest problem with our economy is the fact that we don't add any import tax to imported goods.. Every other country we export taxes our goods, why don't we tax other countries' imports? The fact that most of our industry has left our country is probably the main reason why unemployment is so high. Sure, it sounds cool to say "Fuck corporate America" but guess what, capitalism and corporate America built this country. Socialism will destroy it.

[creatureofthenyte]

Hmm ya know, people always say things like "down with corporations" and such.. Now, I'm no economy expert, but doesn't it make a little bit of sense to give a tax cut to corporations? I mean, half of them have already left our country to go elsewhere, where taxes and costs are lower. So, to me, I would think giving a tax break to the "rich" corporations and such, isn't such a bad thing, especially since they EMPLOY most of us. I'd say the biggest problem with our economy is the fact that we don't add any import tax to imported goods.. Every other country we export taxes our goods, why don't we tax other countries' imports? The fact that most of our industry has left our country is probably the main reason why unemployment is so high. Sure, it sounds cool to say "Fuck corporate America" but guess what, capitalism and corporate America built this country. Socialism will destroy it.

A democrat will read what you just said, and it will go in one eye, and out the other.

[phee]

Cooperate America, like Unions are good... as long as there is balance.

[Soulrev]

A democrat will read what you just said, and it will go in one eye, and out the other.

And that's sad. Unfortunately we've become so divided as a nation.. I don't support either party because I think they're both out to ruin our country. I support America and what benefits it. Fuck the democrats and republicans, to me they're all just another dick in a suit and tie trying to dictate how we live our lives. Democrats and Republicans don't give a fuck about our country, only themselves. Fuck the 2 party system. I think if you label yourself as a democrat/republican these days you're just as bad as whichever side you oppose. I'm not a democrat, I'm not a republican, though my views may tend to be a little more on the conservative side, I also have views which could be seen as a liberal side. But, I am an American. And that's all I am.

[phee]

http://news.yahoo.com/s/ap/us_tax_cuts

*head desk*

No one ever does anything ever but reject crap.

[creatureofthenyte]

The more details I hear about this, the more I am starting to not know what to think.

At first, I thought the deal was good, then I heard some things that made me question that.

The two parties sit there and bicker, and we fall by the wayside in the meantime.

This isn't something we can afford to dilly-dally on ya know ?

[Rev.Reverence]

The more details I hear about this, the more I am starting to not know what to think.

At first, I thought the deal was good, then I heard some things that made me question that.

The two parties sit there and bicker, and we fall by the wayside in the meantime.

This isn't something we can afford to dilly-dally on ya know ?

See..you will slide to the middle sooner or later, soon as you are tired of the bull shit, & your eyes snap open....

[Scar My Machine]

Hmm ya know, people always say things like "down with corporations" and such.. Now, I'm no economy expert, but doesn't it make a little bit of sense to give a tax cut to corporations? I mean, half of them have already left our country to go elsewhere, where taxes and costs are lower.

Socialism will destroy it.

I'm in favor of a check and balance system. There needs to be accountability and corporations need to take responsibility when they break laws.

I hear republican supporters that talk about this country being a nation of laws and then I see evidence that large companies are breaking laws and getting away with it simply because they can buy their way out of trouble.

And I'm fairly sure people cried "socialism" when minimum wage was enacted. Does anyone here remember what life was like when corporations were allowed to pay whatever they wanted and people had to work 7 days a week just to keep a roof over their heads? Or how about child labor? 12 year old kids working in coal mines to help support their families?

And laws were created to stop corporations from taking advantage of people.

I guess we should just go back to that era and let corporate suits do what they please because it's for the better of us all that they not have to treat people fair or abide by our nations laws. That way we can be more profitable again.

[Soulrev]

Dude I agree with you on that, totally. Everyone should be punished for crimes no matter who you are. We really need big corporations in our country, but when they get too big and out of control, then yea, we do have a problem. Just like the government.. Too big and out of control, and we have a problem.

[Epic_Fail_Guy]

what we need to do to discourage corporations from moving over seas is stipulating a very HEAVY import tarrif to all products made over seas that still wish to claim the "AMERICAN" product.. *coughgeneralmotorscough*

[JohnKnow70]

The wealthy get their way again.

President Obama did the best thing considering the situation. At least the Americans that are still having a struggle with this economy will keep getting help till they get back on their feet. And yay to the conservatives, the wealthiest 1% can continue to get their tax breaks. And as we all know, they need every break they can lobby for.

It's a win win.

Clearly President Obama and the dem's are trying to destroy America by coming to an agreement to help those Americans that are less fortunate at this time. The unemployment benefit extensions is clearly how they intend to make America a socialist/communist nation.

Oh the humanity.

As I posted in the other thread, this is all Democrat propaganda. This is what the Huffington Post and what MSNBC is telling you the same way that Fox is telling their viewers that War is good and Muslims are bad.

The Rich paid more in Corporate taxes after the tax cuts than any of the Clinton years.

The poor paid less in taxes (actually the bottom 35% of earners paid 0 in taxes during most of the Bush years) as did the middle class than during the Clinton years. In fact, the CBO projects that the tax cuts to the middle class are far more expensive than the tax cuts to the rich (but don't worry - I disagree with the CBO on everything and they've been wrong on everything).

The top 1% of rich Americans pay more in taxes than the bottom 60%

I hate Neocon Republicans and they hurt the Country but they did not hold the middle class hostage.

[JohnKnow70]

But what it does come down to is that they are trying to give breaks to those who don't need them at the expense of those who need them to survive...

how so? how would tax cuts for the rich hurt you? The Nation is going to take in between 18% and 20% of tax revenues as a percentage of GDP regardless if the rich are taxed at 60% or 28%. The rich were paying taxes at the top marginal rate of nearly 70% in the 1970's and we got high inflation and high unemployment. In the 1980's unemployment and inflation dropped by the middle of the decade and the rich were only paying at 28% levels (lower than now).

[darknight1]

"I hate Neocon Republicans and they hurt the Country but they did not hold the middle class hostage."

John, how do you figure that they did not hold the middle class hostage? Does the same statement apply to the working poor as well? Look at what happened during the Bush years, and look at what is still happening: it's neoconservative Republicans who insist on pro-wealthy economic policies. They insist on tax cuts for the richest 1% of the entire country. They scream about "Obamacare" (Patient Protection and Affordable Care Act). They scream about any policy that they perceive as threatening their own massive bank accounts. They're not only holding the middle class hostage...they're also working to destroy it. Just look at the Patient Protection and Affordable Care Act, or "Obamacare" as far too many right wing critics refer to it as. What exactly does the Act offer? Prohibiting private insurers from denying coverage or refusing claims based on pre-existening conditions, extending Medicaid eligibility to millions of other people who otherwise could not afford a private insurer, providing incentives for businesses to offer health care coverage to employees, and countless other positive things. By shooting this down, those who are neoconservative Republicans or affiliated with them show that they value their damn wealth over everything else, even those who truly need medical coverage to help them cover the costs for debilitating diseases that they otherwise could not afford. And who suffers from the most from such diseases or conditions? Those who are poor or middle class. Just look at that and tell me that neoconservatives aren't only holding the middle and poor class hostage, but also are working to destroy it. If it's a return to the 1880s you want, then by all means, support neocons.

[Gaf The Horse With Tears]

To no one in particular...

So, what would the cap be on earnings if you ran the world? I mean, when do you say to someone "Your sacrifices and hard work were all fine and dandy, but we are taking the spoils of your labor and giving it to someone else."

Spare me moral relativism and explain how thats right?

Does it matter to you that they give more, freely and of thier own choice, to the poor and needy than they ever pay in taxes? Who makes the biggest donations to the food pantrys?

Do you realize how much money those snotty rich socialite wives raise for charitys?

Does it matter that in some small towns, the largest employer in the area, that is just barely scraping buy is going to get hit with these taxes? How many of the working poor loosing thier jobs will open your eyes?

You are looking at a really big picture and missing all the details. All the minutiae of your life is blurring them out.