Obama Eyes $300 Billion Tax Cut

Discussion in 'Politics' started by KMAN, Jan 5, 2009.

  1. KMAN
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    KMAN Senior Member

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  2. auditor0007
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    auditor0007 Gold Member

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    I don't like this at all. Taxes have been cut over and over again. We can't afford to continue cutting taxes. Who's going to pay for it? When will we pay for it? I like the idea of spending money on infrastructure where jobs will be created. It will take longer, but adding another massive tax cut on top of the spending package is going too far. What we need to remember is that this will have to be paid for at some point. I think it better to struggle a bit for a while than to place an even larger burden upon ourselves and our children down the road.
     
  3. KittenKoder
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    KittenKoder Senior Member

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    Well ... I'm guessing that the people our country owes will soon call in their debts because of this, seeing that the trend will never allow us to pay them back.

    That being an extremely high possibility ... how is everyone's Japanese? Their companies will likely own most of us.
     
  4. KMAN
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    KMAN Senior Member

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    It all comes down to spending... Tax Cuts are great for the people...IF (and that's a big if) the government can stop spending... and as history has proven the government is not going to stop spending... They are just as bad as us if not worse about spending money they don't have...

    Regarding spending money on infrastructure. that's great, but who is going to pay for that?
     
  5. pete
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    pete The food stamp president

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    and you are comfortable with that?
     
  6. editec
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    editec Mr. Forgot-it-All

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    Got my 1040 today.

    Anyone notice that the Bush II stimulus payments will be deducted from any returns we might have been hoping for?

    What the government giveth, the goverment taketh away.
     
  7. WillowTree
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    WillowTree Diamond Member

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    The Japanese know how to run a company!
     
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  8. DavidS
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    DavidS Anti-Tea Party Member

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    The nation is struggling and $500 per person in tax credits are going to help us? That's Obama's plan?

    No rebate checks?

    Oy. Ever get that really bad morning after feel? I got that on November 6.
     
  9. editec
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    editec Mr. Forgot-it-All

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    I prefer, and I suspect many American would prefer a decent job rather than a tax break or a small check that won't make a whole lot of difference in the long run.

    You can't fix this economy by simply messing with the tax laws, folks.

    Tax laws are NOT the root source of America's financial difficulties.

    Income inequity resulting in an increasing number of us not making a living wage is the primary problem we're facing.
     
  10. KMAN
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    KMAN Senior Member

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    However, if you make it cheaper for companies to run their business they will hire more people....alas creating jobs.
     

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