120 Days to Go Until the Largest Tax Hike in History to add to our "recovery summer."

[Micky G. Jagger]

I’m not one of these people who says that say that all tax cuts pay for themselves.

--Republican Congressman Paul Ryan​

 

[rdean]

[/COLOR]

Read more here:

120 Days to Go Until the<br> Largest Tax Hikes in History#

So while the Democrats TALK of extending the Bush tax cuts IN REALITY they plan NO SUCH THING. Instead, they are biding their time until AFTER the midterm elections to STRANGLE THIS ECONOMY with huge tax hikes which are their socialist BID FOR POWER.

Democrats, ESPECIALLY OBAMA care nothing for the DISASTER this will spell for you and me. THEY ARE COUNTING ON IT! When more and more people are out of work, they will promise us bread and circuses with more and more entitlements. That's their plan to keep people voting for them, forever. NOT to help people be successful, but SO DESPERATE FOR WHATEVER DRIBS AND DRABS THEY GIVE THEM OUT OF WASHINGTON, they will vote for Democrats for fear they will lose their entitlements!

Disgusting!

Remember this come November!



And now what follows will be the usual hysterical liberal operatives having a COW I posted another article critical of Democrats.


[/LEFT]

Which is so funny considering the Republicans gave us the largest tax CUT in history and promised us a "sparkling" economy. Instead, at the end of the last administration, the country was hemorrhaging jobs at the rate of 750,000 a MONTH. Were they LYING or just STUPID? Let's take a look at why we should trust them now:

Let's see, their successes include:

Successful economy
Democratic Iraq
getting Bin Laden
Wall Street making billions
Deregulation of mining and oil

Oh well, I could go on endlessly about their sense of shame and honesty. But I think we know enough.

Guess what? We tried the tax cut for ten years and it didn't work. Why would we want to extend a failed policy?

Tax cuts were supposed to stimulate the economy, create jobs, push the economy to new highs.

Instead we got what is known as the "Lost Decade"
- Stock market lost value
- Stagnant job growth
- Housing bust
- Financial market failure
- Lost industrial base

Why repeat a failed policy???

Unfortunately, that's probably what's going to happen. Gene Robinson said Americans are going to have a temper tantrum. They are angry at Democrats for not cleaning up Republican mess fast enough and will punish Democrats by voting Republican.

CUT

OFF

NOSE

TO

SPITE

FACE

 

[rdean]

With the right wing's track record of being "right" during the last 20 years, can we risk trusting them once again? We could ask Bin Laden. It's not like he's dead or captured. We just need to find the Villa he's living in over in Pakistan.

He's your hero isn't he?

My hero's are American.

Republicans are the one's who let him go. I would prefer he was extinguished. I don't know what Republicans prefer. All that "action speak louder" and so on.

 

[Micky G. Jagger]

Conservatives Invent Fantasy World In Which The Bush Tax Cuts Increased Revenue​

This graph tracks tax receipts as a percentage of GDP, complete with the precipitous drop following the Bush tax cuts:

Even in total dollars, tax receipts were lower in 2002 and 2003 than they were in 2001. And the slight uptick that occurs around 2005, which still doesn’t come close to paying for the cost of the cuts, is simply the housing bubble inflating.

--->>>> Wonk Room Conservatives Invent Fantasy World In Which The Bush Tax Cuts Increased Revenue

 

[teapartysamurai]

In just 120 days, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care tax credit will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The top capital gains tax will rise from 15 percent this year to 20 percent in 2011. The top dividends tax rate will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.​

Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year.
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).​

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.
Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.
Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later.​

Third Wave: The Alternative Minimum Tax and Employer Tax Hikes​

Read more here:​

120 Days to Go Until the<br> Largest Tax Hikes in History#​

So while the Democrats TALK of extending the Bush tax cuts IN REALITY they plan NO SUCH THING. Instead, they are biding their time until AFTER the midterm elections to STRANGLE THIS ECONOMY with huge tax hikes which are their socialist BID FOR POWER.​

Democrats, ESPECIALLY OBAMA care nothing for the DISASTER this will spell for you and me. THEY ARE COUNTING ON IT! When more and more people are out of work, they will promise us bread and circuses with more and more entitlements. That's their plan to keep people voting for them, forever. NOT to help people be successful, but SO DESPERATE FOR WHATEVER DRIBS AND DRABS THEY GIVE THEM OUT OF WASHINGTON, they will vote for Democrats for fear they will lose their entitlements!​

Disgusting!​

Remember this come November!​

​

And now what follows will be the usual hysterical liberal operatives having a COW I posted another article critical of Democrats.​

​

The Bush tax cuts were foolish. They should not be renewed.

Yeah, that explains Bush's unemployment rates vs. Obama's.

And just WAIT until the taxes go up, to see those unemployment rates climb!

 

[teapartysamurai]

Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down

Lets put the taxes back were they were before and pay down our debt

at the rate these motherfucking demonRats are spending we will never pay down our debt. are you with stupid?

How stupid is it to BORROW money to give a tax cut?

How stupid is it to start two wars and then cut taxes to pay for them?

How stupid is it to want to return these idiots to power?

How stupid is it for liberals to whine about war spending when Obama spent ALMOST TWICE THAT in his first 100 days in office, while Bush spent far less in SEVEN YEARS?????????????

 

[CrusaderFrank]

Democrats believe that the Federal Government IS the US economy.

 

[bodecea]

That's why we need to get enough Conservatives elected to have overrides of Obama's predictable vetoes.

Not in 2010, if Palin runs in 2012 she'll guarantee veto proof majorities, then we can defeat the Progressive Jihad on America

On this we agree..

Run Sarah run

I concur. Sarah Palin should most definitely run for president in 2012.

 

[teapartysamurai]

In just 120 days, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care tax credit will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The top capital gains tax will rise from 15 percent this year to 20 percent in 2011. The top dividends tax rate will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.​

Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year.
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).​

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.
Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.
Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later.​

Third Wave: The Alternative Minimum Tax and Employer Tax Hikes​

Read more here:​

120 Days to Go Until the<br> Largest Tax Hikes in History#​

So while the Democrats TALK of extending the Bush tax cuts IN REALITY they plan NO SUCH THING. Instead, they are biding their time until AFTER the midterm elections to STRANGLE THIS ECONOMY with huge tax hikes which are their socialist BID FOR POWER.​

Democrats, ESPECIALLY OBAMA care nothing for the DISASTER this will spell for you and me. THEY ARE COUNTING ON IT! When more and more people are out of work, they will promise us bread and circuses with more and more entitlements. That's their plan to keep people voting for them, forever. NOT to help people be successful, but SO DESPERATE FOR WHATEVER DRIBS AND DRABS THEY GIVE THEM OUT OF WASHINGTON, they will vote for Democrats for fear they will lose their entitlements!​

Disgusting!​

Remember this come November!​

​

And now what follows will be the usual hysterical liberal operatives having a COW I posted another article critical of Democrats.​

​

Which is so funny considering the Republicans gave us the largest tax CUT in history and promised us a "sparkling" economy. Instead, at the end of the last administration, the country was hemorrhaging jobs at the rate of 750,000 a MONTH. Were they LYING or just STUPID? Let's take a look at why we should trust them now:

Let's see, their successes include:

Successful economy
Democratic Iraq
getting Bin Laden
Wall Street making billions
Deregulation of mining and oil

Oh well, I could go on endlessly about their sense of shame and honesty. But I think we know enough.

Liberals keep trying to blame this on the Bush tax cuts, but forget who took over Congress in 2007, which is when the economy started to slide.

Keep lying liberals!

 

[bodecea]

Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down

Lets put the taxes back were they were before and pay down our debt

at the rate these motherfucking demonRats are spending we will never pay down our debt. are you with stupid?

How stupid is it to BORROW money to give a tax cut?

How stupid is it to start two wars and then cut taxes to pay for them?

How stupid is it to want to return these idiots to power?

Pretty darn stupid.

 

[teapartysamurai]

Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down

Lets put the taxes back were they were before and pay down our debt

Do you notice liberals are always obsessing about how the "government" will "pay" for tax cuts, but they never talk about how WE WILL PAY FOR TAX HIKES?????????

It doesn't matter that it has been proved time and time again tax cuts RAISE REVENUES, because it frees up money in the economy, libreals will talk about "paying for tax cuts."

Same old tired game.

Using deficit spending to make up for lost revenue due to unwarranted tax cuts is economic lunacy. How can you justify cutting taxes without a corresponding cut in spending?

Bush increased spending by entering two wars...he then cut taxes for his wealthy friends and political backers

Complete economic lunacy

And Obama's deficit spending is the solution????????

 

[bodecea]

With the right wing's track record of being "right" during the last 20 years, can we risk trusting them once again? We could ask Bin Laden. It's not like he's dead or captured. We just need to find the Villa he's living in over in Pakistan.

He's your hero isn't he?

Here we go. Such a typical debate tactic for you.

 

[Mr. Shaman]

In just 120 days, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:

First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:​

​

That was bullshit, in 1993......and, now, it's just re-heated bullshit.​

The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

You guessed it.......more bullshit. ​

Second Wave: Obamacare
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

Yeah.....we wouldn't want to cut-off $ub$idie$ to health-care-companies....and, make the big-pharma$ negotiate their prices (for U.S. citizen), like they do the VA!!

****

You folks promoting Vulture Capitali$m have great storytelling-skills....but, I'm thinkin' you rely much-too-much on the supposition that ALL Teabaggers are functionally-illiterate.

​

 

[teapartysamurai]

it has been proved time and time again tax cuts RAISE REVENUES, because it frees up money in the economy, libreals will talk about "paying for tax cuts."

Nope, you're wrong.

It is well established that tax cuts do not raise tax revenues. The Bush tax cuts caused real tax receipts as a percentage of GDP to plunge from 19.8% in 2001, to 15.8% in 2010.

Wrong, dead wrong!

Ten Myths About the Bush Tax Cuts | The Heritage Foundation

http://www.heritage.org/research/re...s/Reports/B_1544_Chart_1lg_4/taxcuts2002.ashx

 

[uscitizen]

Why did Bush set up his tax cuts to expire?

 

[rdean]

Read more here:​

120 Days to Go Until the<br> Largest Tax Hikes in History#​

So while the Democrats TALK of extending the Bush tax cuts IN REALITY they plan NO SUCH THING. Instead, they are biding their time until AFTER the midterm elections to STRANGLE THIS ECONOMY with huge tax hikes which are their socialist BID FOR POWER.​

Democrats, ESPECIALLY OBAMA care nothing for the DISASTER this will spell for you and me. THEY ARE COUNTING ON IT! When more and more people are out of work, they will promise us bread and circuses with more and more entitlements. That's their plan to keep people voting for them, forever. NOT to help people be successful, but SO DESPERATE FOR WHATEVER DRIBS AND DRABS THEY GIVE THEM OUT OF WASHINGTON, they will vote for Democrats for fear they will lose their entitlements!​

Disgusting!​

Remember this come November!​

​

And now what follows will be the usual hysterical liberal operatives having a COW I posted another article critical of Democrats.​

​

Which is so funny considering the Republicans gave us the largest tax CUT in history and promised us a "sparkling" economy. Instead, at the end of the last administration, the country was hemorrhaging jobs at the rate of 750,000 a MONTH. Were they LYING or just STUPID? Let's take a look at why we should trust them now:

Let's see, their successes include:

Successful economy
Democratic Iraq
getting Bin Laden
Wall Street making billions
Deregulation of mining and oil

Oh well, I could go on endlessly about their sense of shame and honesty. But I think we know enough.

Liberals keep trying to blame this on the Bush tax cuts, but forget who took over Congress in 2007, which is when the economy started to slide.

Keep lying liberals!

You mean when the President was Republican and the Senate was 49 to 49? Wow, Democrats had so much power. You notice the only the most uninformed Republicans still use that canard?

The economy doesn't "slide" the day some election ended. It takes at least a few years to affect an economy as large as the US economy. In this case, it was about 6.

 

[rdean]

Why did Bush set up his tax cuts to expire?

He didn't. Republicans had to use "reconciliation" to pass the Bush tax cuts. They were basically FORCED on America by Republicans. What is passed through reconciliation, by law, has an expiration date

Look how well they "worked". Unless the plan was to destroy the economy.

 

[WillowTree]

With the right wing's track record of being "right" during the last 20 years, can we risk trusting them once again? We could ask Bin Laden. It's not like he's dead or captured. We just need to find the Villa he's living in over in Pakistan.

He's your hero isn't he?

My hero's are American.

Republicans are the one's who let him go. I would prefer he was extinguished. I don't know what Republicans prefer. All that "action speak louder" and so on.

No, he's your hero.

 

[Mr. Shaman]

They'll blame the double dip on the Republican Congress.

Republicans need to be very careful and immediately present legislation introducing across the board tax and spending cuts.

Yeah....we wouldn't want to cut-into the 1%ers' WAR-PROFIT$.....especially since most Americans are (now) WELL-AWARE o' what you did, with your open-line-o'-credit with the Bank O' Bejing.

​

 

[PLYMCO_PILGRIM]

Yes the lets borrow $2 trillon to give tax cuts to the ultra wealthy. All that economic stimulus we saw from the tax cut will surely be missed. All those jobs and prosperity that trickled down

Lets put the taxes back were they were before and pay down our debt

Well at least your willing to raise taxes on the lowest income brackets to help pay down the debt.

I really dont support raising the federal income tax on American's earning 5 figure incomes like you do but I do support paying down the debt so I'll give you a pass on this one .

Why did Bush set up his tax cuts to expire?

he did so in order to garner more democrat party support for the cuts. Without that provision the democrats would have opposed and stopped the cuts.