GOP wants to end middle class tax break.

Discussion in 'Economy' started by JimH52, Aug 22, 2011.

  1. JimH52
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    JimH52 Gold Member

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    GOP may OK tax increase that Obama hopes to block - Yahoo! News

    They are now becoming brazen. They are not even trying to hide their efforts to screw the middle class and pad the pockets of the rich. The come up with lame excuses. Then the FOX sheep buy everything, hook, line, and sinker.

    How can these people keep screwing over middle America, and getting away with it!

    So, this will increase the deficit, but the huge tax break given to the wealthy didn't? What a bunch of HYPCRITES!
     
  2. PoliticalChic
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    PoliticalChic Diamond Member

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    "...tax break only for the richest Americans..."

    Jimmy....

    ....did you know that almost all of the Bush tax cuts went to middle and lower income folks?
    Did you know that?

    And, did you know that President Bush belonged to the G-O-P???
     
    Last edited: Aug 22, 2011
  3. Ravi
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    Ravi Diamond Member

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    All the Bush tax cuts should expire.

    And the government should insert another stimulus project.

    And create jobs with said stimulus project.

    But sadly, none of this will happen.
     
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  4. PoliticalChic
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    PoliticalChic Diamond Member

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    Bulletin: Ravi Reestablishes Liberal Credentials.

    (Yawn......)
     
  5. Toro
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    The Bush Tax Cuts — Who Benefited | The Blue States

    [​IMG]

    http://dangerousintersection.org/20...g-dangerous-economic-and-social-polarization/
     
    Last edited: Aug 22, 2011
  6. Ravi
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    Ravi Diamond Member

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    Thanks for admitting that Liberal equals Rational.

    Maybe there is hope for you.
     
  7. JimH52
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    JimH52 Gold Member

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    Wrong again...

    FactCheck.org: Here We Go Again: Bush Exaggerates Tax Cuts
     
  8. PoliticalChic
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    PoliticalChic Diamond Member

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    See, now, Jimmy....every time I make you eat your words.....

    .....I get the giggles!

    And can't stop.....oh....oh...oh....

    OK, here goes:

    So, who got the benefit of the ‘Bush Tax Cuts’?
    Was it the wealthy?

    Well, the NYTimes inadvertently answered that question….in the negative
    Almost all of the Bush Tax Cuts went other than to the wealthy!

    Yup! That would be 82% went to those making under the $250,000 cut-off they keep talking about.

    Check this out:

    “LET THE BUSH CUTS EXPIRE Mr. Obama vowed to let the high-end tax cuts (for people making more than $250,00) expire in 2010. But in a preview of the debt fight, he agreed to extend the cuts for two more years when Republicans held unemployment benefits and other measures hostage.

    Letting all of the cuts expire at the end of 2012 would save $3.8 trillion over the next decade. Letting the tax cuts expire for those making more than $250,000 would save $700 billion. That would make a real dent in the $2.4 trillion in total deficit reduction envisioned in the debt limit deal.”
    http://www.nytimes.com/2011/08/07/opinion/sunday/the-truth-about-taxes.html


    Now, get some help here, Jimmy, 'cause this requires some math...

    If ALL of the Bush Tax Cuts were eliminated, the government would get $3.8 trillion over the decade.

    But “Letting the tax cuts expire for those making more than $250,000 would…” provide $700 billion!

    That is only 18% of the total provided by the Bush Tax Cuts!! So 82% of the money must have been given to folks making $250,000 or less!

    Q.E.D.! The Bush Tax Cuts went to the middle class.
    Thank you, NYTimes, for ‘splainin’ that to Jimmy!!!

    Uh oh! Here come those giggles...
     
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  9. PoliticalChic
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    PoliticalChic Diamond Member

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    "The tax cuts have disproportionately benefited high-income taxpayers. ..."

    Really?

    Not according to the 'newspaper of record' the old Gray Lady.

    82% to those making under $250, 000.

    Take a gander at post #8.
     
  10. JimH52
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    JimH52 Gold Member

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    Tax Returns: A Comprehensive Assessment of the Bush Administration's Record on Cutting Taxes — Center on Budget and Policy Priorities

    I'm going to watch a football game...
     

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