Democrats’ tax-hike obsession killed the SuperCommittee

Discussion in 'Politics' started by bripat9643, Nov 23, 2011.

  1. bripat9643
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    bripat9643 Diamond Member

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    Democrats’ tax-hike obsession killed the SuperCommittee « The Enterprise Blog

    The spectacular failure of the much-hyped, congressional debt-reduction panel completes the devolution of the Democratic Party back to its pre-Clintonion state: unabashed champion of the high-tax welfare state. And America is worse for it.

    It’s like the 1990s never happened and the 1970s never stopped happening for the Washington Obamacrats. The U.S. economy faces two screamingly obvious problems: historically slow growth and historically high government spending leading to massive budget deficits. In this way, American is already frighteningly like Greece and Italy.

    Yet Democrats used the SuperCommittee to push a trillion-dollar tax hike and block fundamental entitlement reform. As one GOP aide told Politico, “If they were willing to go a little further on entitlements, we’d see what we can do on revenues. That was the way it would have to work. What we found was, they needed a trillion-plus in revenues, and weren’t willing to do anywhere near that on entitlements.”

    It’s been an underappreciated fact just how far left Democrats have moved on taxes in recent years. But it should now be blindingly clear. The SuperCommittee Democrats are perfectly happy to let the top tax rate soar to nearly 45 percent in 2013 (including both income taxes and Medicare taxes) on small business, entrepreneurs, and investors. This, even though the exploding eurozone debt crisis threatens to push the U.S. economy from sputter speed to stall. And even if financial contagion doesn’t wash up on our shores, few economists see growth fast enough to substantially reduce unemployment and boost incomes any year soon.

    Yet Democrats seem unconcerned or even eager for taxes to rise, thanks in part to the work of liberal economists advocating taxes rates as high as 80 percent. It will also take dramatically higher tax revenue to fund what Democrats argue is an unavoidable surge in government spending due to a) the aging of the population and — as they see it — b) trillions in needed public “investment” catch-up after years of Republican stinginess.

    But it’s a self-fulfilling prophecy. Without market-based entitlement reform — which even many centrists endorse — government health spending will indeed continue to soar.

    If Uncle Sam does need more revenue, pro-growth tax reform is the best way to get it. A host of studies from both liberal and conservative economists have found that eliminating the tax code’s bias against investment would boost long-term GDP growth by as much as 10 percent and add perhaps a full percentage point to annual GDP growth for a number of years.

    But cutting taxes on capital cuts against the Democrat embrace of Occupy politics. So no tax reform, no entitlement reform, and no progress on America’s biggest problems.
     
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  2. PeteEU
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    PeteEU VIP Member

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    So a right wing blog claims what the GOP talking points have been stating even before the super committee was set up... oh the shock!

    What killed the super committee was partisan clusterfuck politics with the GOP at the front of the problem.

    The GOP needs to learn a new word...

     
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  3. Toro
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    Toro Diamond Member

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    In the 1990s, we raised taxes.
     
  4. bripat9643
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    bripat9643 Diamond Member

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    Compromising with Democrat thieves is what got us into this fix in the first place. When good compromises with evil, good loses and evil wins. The last thing this country needs is compromise with Democrat tax-and-spend scumbags.

    Democrats killed the super committee, which was a bad idea in the first place.

    One thing is perfectly clear, the only "solution" democrats are interested in is massive tax increases. I hope they plan on running on that agenda in the 2012 elections.



     
  5. NYcarbineer
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    NYcarbineer Diamond Member

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    The problem was created by a combination of tax cuts and increased spending.

    Unless you're an idiot, you realize then that the appropriate solution is a combination of tax hikes and spending cuts.
     
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  6. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    The GOP offered some revenue increases though while the dems would not agree to making more cuts.

    Your being just as much of a hack as you are deriding the person making the first post for being.

    It wasn't the republicans any more than it was the democrats....both parties in congress and the president all share equal blame for the stupid committee being formed in the first place and its failure.
     
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  7. conner700
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    conner700 Member

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    Dems don't want to raise taxes on everyonefd,r Just the Rich. And of course, the Reb will not have any of that. They rather the money come out of grandpa SSI check and he go without his medication.:clap2:

    No problems though---Come 12-2011 the Bush tax cuts for the rich wil expire.
     
  8. Claudette
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    Claudette Gold Member

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    If anyone actually thought this so called "Super Committee' was going to acomplish anything then they were doomed to disappointment.

    The Reps won't go for tax increases and the Dems won't do any REAL cuts. They won't touch entitlments. Of course both the Dems and the Reps knew this going in so it was all a big waste of time.

    This committe went just where it was aimed. Nowhere.
     
  9. PLYMCO_PILGRIM
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    [ame=http://www.youtube.com/watch?v=2hU0F7bt0wQ]Newt Was Right On The 'Super Committee' - YouTube[/ame]
     
  10. Stephanie
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    Stephanie Diamond Member Supporting Member

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    and of Course YOU have no problems having the Government STICK IT to CERTAIN citizens in this country, as LONG AS that tax knife isn't stuck IN YOU ALLS BACKS.

    losers
     
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