Obama: Not Extending Middle Class Tax Cuts Could Hurt Growth

Discussion in 'Politics' started by Flaylo, Nov 24, 2010.

  1. Flaylo
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    Flaylo Handsome Devil

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  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    If we can't identify equivalent spending cuts, I would just as soon see none of the tax cuts extended. Borrowing money to cut taxes is moronic
     
  3. mdn2000
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    mdn2000 BANNED

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    Democrats do not want tax cuts, Obama is an asshole, a Marxist,

    Imagine, Obama and the Democrats call doing nothing a tax cut. leaving taxes the same is a tax cut, only a Marxist

    Maybe if you assholes repeat this enough everyone will believe.

    How many threads now on Obama raising taxes, this is at least eight in 48 hours.
     
  4. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    Collecting taxes that are unnecessary for or even harmful for the common good is even more moronic.

    We're not talking about cutting taxes re the Bush tax policy, however, but not raising taxes. Extending the tax rates/policy for what the Administration describes as the 'middle class' will make some folks feel good but will do almost nothing to create new jobs for the unemployment or make any dent in what still feels like deep recession to most of us.

    Extending the tax policy for everybody, however, will free up mega billions in small business capital and get the ball rolling again. Almost all small businesses who actually hire people make more than 250k.
     
  5. Claudette
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    Claudette Gold Member

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    Bingo.

    Let business know one way or the other what the hell is going to happen. If they know they will still have the same tax rates they will probably start spending that 2 billion they are sitting on.

    The only question they will have left will be what Obamacare is gonna cost em.
     
  6. blastoff
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    blastoff Undocumented Reg. User

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    Bu...but....but how are the Dimocrats going to pay for those cuts? I mean I'm sure they want to be fair and balanced when it comes to paying for them, huh?
     
  7. California Girl
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    California Girl BANNED

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    Unfortunately, the HuffPuff readership don't think for themselves. Therefore, your logical and sensible post will float gently over their heads.
     
  8. hboats
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    hboats Silver Member

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    I thought the Bush tax cuts were only for the rich?

    Now all you liberals want us to believe that Bush actually gave the middle class a tax cut?

    I think it's time for some of you to get your stories straight.

    Rick
     
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  9. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    Yes, Obamacare is the other piece of the puzzle right now. It won't help much to extend the current tax policy for say two years. Businesses do their long range planning 2 to 5 years and more out so they need some long term assurance of what the tax policy is going to be for them. And they also need to know what taxes, penalties, requirements they're going to have re Obamacare and right now nobody is telling them. Obamacare will need to be stopped cold indefinitely and, if possible, repealed as early as possible next year to give small business assurances about that too.

    Fix those two things and I would bet a very good steak dinner that the economy will then take off like a rocket.
     
  10. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Well, we know taking more money from the individual and transferring it to the state always spurs growth.
     

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