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Obama Tax Trigger: Punishing TaxPayers w/ Automatic TaxHikes when Gov Overspends

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Old 04-14-2011, 04:46 AM
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Obama Tax Trigger: Punishing TaxPayers w/ Automatic TaxHikes when Gov Overspends

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Responding to widespread criticism of his AWOL status on the budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher taxes if politicians overspend.

Called a “debt failsafe trigger,” Obama’s scheme would automatically raise taxes if politicians spend too much. According to the talking points distributed by the White House, the automatic tax increase would take effect “if, by 2014, the projected ratio of debt-to-GDP is not stabilized and declining toward the end of the decade.”

If politicians in Washington spend too much and cause more red ink, which happens on a routine basis, Obama wants a provision that automatically would raise taxes on the American people.
» Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend - Big Government

Typical liberalism. They never take responsibility for their actions. They want EVERYONE ELSE to take reasponsiblity for their actions.

Obama's solution for Washington's out of control spending? WE ALL SUFFER!

Remember this!

2012 is coming!
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Old 04-14-2011, 04:59 AM
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They want EVERYONE ELSE to take reasponsiblity for their actions.


I think i'd like Iraq, Lybia & Afghanistan , Isreal, Pallestine, and every other F'd up country we're pouring $$$$$$$$$$$$$$$$$'s into to take personal responsibility for thier actions, and leave us outta it....
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Old 04-14-2011, 05:08 AM
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Weird how Reagan raised taxes many times, but when Obama does it something in the universe switches gears and presto chango a new attitude materializes? Or could it simply be there is no substance to the tax whiners? Latter methinks.

Newsflash: Ronald Reagan Raised Taxes (You Idiots) | Firedoglake

"It’s conservative [and libertarian] lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)"


""Reagan was coming from this very simple proposition: If you lower the tax rate, then more people will work, there will be more income in the economy and everyone's lives would be better. Despite a 25 percent income tax cut, by 1982 Reagan faced a deepening recession, mounting unemployment and homelessness.""
Ken Duberstein, Reagan Chief of Staff
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Old 04-14-2011, 05:08 AM
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Quote:
They want EVERYONE ELSE to take reasponsiblity for their actions.


I think i'd like Iraq, Lybia & Afghanistan , Isreal, Pallestine, and every other F'd up country we're pouring $$$$$$$$$$$$$$$$$'s into to take personal responsibility for thier actions, and leave us outta it....
What does that have to do with Obama raising our taxes every time THEY over spend?
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Old 04-14-2011, 05:11 AM
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Weird how Reagan raised taxes many times, but when Obama does it something in the universe switches gears and presto chango a new attitude materializes? Or could it simply be there is no substance to the tax whiners? Latter methinks.

Newsflash: Ronald Reagan Raised Taxes (You Idiots) | Firedoglake

"It’s conservative [and libertarian] lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)"


""Reagan was coming from this very simple proposition: If you lower the tax rate, then more people will work, there will be more income in the economy and everyone's lives would be better. Despite a 25 percent income tax cut, by 1982 Reagan faced a deepening recession, mounting unemployment and homelessness.""
Ken Duberstein, Reagan Chief of Staff
This seems to be the excuse barrier that liberals hide behind when confronted with the insane policies of Obama . . . . BUT BUSH . . . BUT REAGAN . . .

Shall we examine how much we owed to China under Reagan as compared to Obama or how much we WILL OWE if we keep going under the policies of Obama???????

I don't think you want to go there.

Nice try.

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Last edited by teapartysamurai; 04-14-2011 at 05:20 AM.
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Old 04-14-2011, 05:21 AM
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Gee, you libs didn't even try hard to excuse Obama on this.

What's a matter, ran out of creative lies for Obama, or is this class warfare just too obvious to cover up?

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Old 04-14-2011, 05:25 AM
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[quote=teapartysamurai;3531148]
Quote:

Typical liberalism. They never take responsibility for their actions. They want EVERYONE ELSE to take reasponsiblity for their actions.

Obama's solution for Washington's out of control spending? WE ALL SUFFER!

Remember this!

2012 is coming!
Don't you really mean "Typical politicians"? Everyone with an IQ over 45 knows they never take responsibility for their actions (no matter which side of the wall they're currently bouncing on). And they always want [not EVERYONE ELSE] but the American taxpayer to pay the tab for that obvious failure.

And considering the number of people I know who have no spending to control, I'd say we're already suffering. And it has absolutely nothing to do with Obama or any solution he may have.

But what I'd really like to know is who in or out of government thinks running this quasi-empire and all that goes along with that doesn't cost one hell of a lot of money. Since the government was not created to be an income producing entity, exactly where do the morons (in or out of Washington, D.C.) believe that money comes from?

Ignorance is certainly not bliss in this regard. But on this subject the American people for the most part are blissfully ignorant. As usual most believe the standard Guests cannot see images in the messages. Please register to forum by clicking here to see images. being rolled out by the Conservatives - who by the way are almost solely responsible for the debt we're facing today. And their only answer is to rob the people who have paid the most into the system (Senior citizens) to keep the rich in monogrammed hankies.
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Old 04-14-2011, 05:30 AM
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Quote: Originally Posted by teapartysamurai Guests cannot see images in the messages. Please register to forum by clicking here to see images.
Weird how Reagan raised taxes many times, but when Obama does it something in the universe switches gears and presto chango a new attitude materializes? Or could it simply be there is no substance to the tax whiners? Latter methinks.

Newsflash: Ronald Reagan Raised Taxes (You Idiots) | Firedoglake

"It’s conservative [and libertarian] lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)"


""Reagan was coming from this very simple proposition: If you lower the tax rate, then more people will work, there will be more income in the economy and everyone's lives would be better. Despite a 25 percent income tax cut, by 1982 Reagan faced a deepening recession, mounting unemployment and homelessness.""
Ken Duberstein, Reagan Chief of Staff
This seems to be the excuse barrier that liberals hide behind when confronted with the insane policies of Obama . . . . BUT BUSH . . . BUT REAGAN . . .

Shall we examine how much we owed to China under Reagan as compared to Obama or how much we WILL OWE if we keep going under the policies of Obama???????

I don't think you want to go there.

Nice try.

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Your point is the we owed LESS to China, and STILL raised taxes, as a cut on someone?
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Old 04-14-2011, 05:43 AM
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Quote: Originally Posted by teapartysamurai Guests cannot see images in the messages. Please register to forum by clicking here to see images.
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Responding to widespread criticism of his AWOL status on the budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the American people with higher taxes if politicians overspend.

Called a “debt failsafe trigger,” Obama’s scheme would automatically raise taxes if politicians spend too much. According to the talking points distributed by the White House, the automatic tax increase would take effect “if, by 2014, the projected ratio of debt-to-GDP is not stabilized and declining toward the end of the decade.”

If politicians in Washington spend too much and cause more red ink, which happens on a routine basis, Obama wants a provision that automatically would raise taxes on the American people.


» Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend - Big Government

Typical liberalism. They never take responsibility for their actions. They want EVERYONE ELSE to take reasponsiblity for their actions.

Obama's solution for Washington's out of control spending? WE ALL SUFFER!

Remember this!

2012 is coming!
I think this is a wonderful Idea because now the Left is going to have to defend why peoples tax's are going to with regard to the budget. How many increases by the left do you think there will be before the American people revolt and utterly crush the agenda of these clowns
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2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it.

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work, because somebody else is going to get what they work for, this is the beginning of the end of any nation.
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Old 04-14-2011, 05:47 AM
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I heard him say they'll be forced to make deepers cuts as a result of his fail safe. Who's got a link to this actual policy? I don't want to get mad until I see it en' script.
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Old 04-15-2011, 05:52 AM
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Quote: Originally Posted by teapartysamurai Guests cannot see images in the messages. Please register to forum by clicking here to see images.
This seems to be the excuse barrier that liberals hide behind when confronted with the insane policies of Obama . . . . BUT BUSH . . . BUT REAGAN . . .

Shall we examine how much we owed to China under Reagan as compared to Obama or how much we WILL OWE if we keep going under the policies of Obama???????

I don't think you want to go there.

Nice try.
You miss the fact most of the current debt was caused by Reagan and the Bushs. Reagan spent billions on a system that doesn't work till this day. Bush Jr invaded a country for the hell of it. And Obama inherited that mess. Tarp was under Bush, as was the S&L bailout under Reagan/Bush. You need a bit of education before opening mouth inserting foot. These may help.

U.S. Federal Deficits, Presidents, and Congress
Government - Historical Debt Outstanding – Annual
The True Federal Deficit
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Old 04-15-2011, 07:22 AM
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Automatic tax hikes when government overspends. How isn't this a retarded idea? Guests cannot see images in the messages. Please register to forum by clicking here to see images.

Hey, how about I get an automatic pay raise every time I overspend? Guests cannot see images in the messages. Please register to forum by clicking here to see images.
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It's worth noting, that during almost the exact amount of time, the Obama administration couldn't build a functioning web site.


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