Do Republicans Really Want to Cut Taxes on the Wealthy and Raise Them on Everyone Els

Discussion in 'Politics' started by Flaylo, Aug 26, 2011.

  1. Flaylo
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    Flaylo Handsome Devil

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  2. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Wow, that is some UNBIASED article by Yahoo news.
     
  3. JoeB131
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    JoeB131 Diamond Member

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    Reality check, guy. The wealthy have the money to shelter their wealth...

    The rest of us don't.

    Even when the top tax rate was 90%, people rarely paid that much, unless they were a dumb Hollywood star who was impractical about money.

    The smartest thing we could do is go back to funding our government entirely from tariffs and excises. That would encourage job growth here and eliminate the need for a lot of government.
     
  4. bitterlyclingin
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    bitterlyclingin Silver Member

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    (The Democrats are like the Pied Piper of Hamelin leading the city's children down to and then into the river. They know the river is up ahead, but they are also keenly aware that if they are forced to stop spending, they are out of business, with their constituencies no longer able to go to the polls with visions of bread and circuses dancing in their heads.
    Therefore they cannot cut, even if they know full well the till is empty.)

    "Is the Social Security Fraud Drawing to a Close?

    Social Security, not Medicare or Medicaid, is the crown jewel of the entitlement state. For several generations now, it has been sold to voters as a more or less sacred compact. Many Americans still believe that the federal government maintains an “account” in their name, which contains assets. Some even think that their “account” contains their own contributions, carefully set aside for their retirement by Franklin Roosevelt or his successors. If this is not the biggest fraud in the history of the human race, it is certainly in the top five. Inexorable demographic realities are casting the shadow of extinction over Social Security; ironically, though, what may set the program’s demise in motion is a cheap political trick by the Democratic Party.

    Last December, as part of a budget deal, the Democrats negotiated a temporary 2% cut in the employee’s portion of the payroll tax. Many economists argued that this was an inefficient tax cut, and it certainly contributed to federal deficits. But the politics of the payroll tax cut were powerful. Nine months later, the temporary payroll tax cut is about to run out, and the Democrats are trying to make a political issue out of extending it. This headline is typical: “The GOP will raise taxes — on the middle class and working poor.” “Raising taxes” means allowing a temporary cut to expire on schedule. So at least we have established a principle: if the Bush income tax cuts expire, that too is a tax increase.

    Politically, the Democrats’ effort to portray themselves as tax-cutters is easy to understand. Last December, however, many of the more ideological Democrats protested that the payroll tax cut threatened the underpinnings of the Social Security program. "


    Is the Social Security Fraud Drawing to a Close? | Power Line
     
  5. Claudette
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    Claudette Gold Member

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    Well if the Bush tax cuts expire then everyones taxes should be raised. Fair is fair.

    They would get more revenue from the middle class then they would from the wealthy. There just aren't enough wealthy people out there.
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right - tax dem rich business owners dat outsource our jobs...
    :clap2:
    Tax the rich: How Obama will pay for his stimulus package
    September 12, 2011: President Obama proposes paying for his stimulus package primarily by raising more revenue from high-income households.
     
  7. rdean
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    rdean rddean

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    yes
     
  8. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Republicans? Of course :lol:

    [​IMG]
     
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  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    Rich folks benefit from capital gains tax rates...
    :eusa_eh:
    Capital gains tax rates benefiting wealthy feeds growing gap between rich and poor
    The K Street office of Mark Bloomfield, president of the American Council for Capital Formation, is full of knickknacks collected in three decades of lobbying for cutting the capital gains tax.
     
  10. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I'd like to see everyone pay the same percentage. Less than 10%.

    But then I like people being treated equally. We are Americans. We all have the responsibility to support our country. And we shouldn't put a burden on anyone else what we don't accept ourselves.
     
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