Obama Panders Middle Class Tax Cuts

[chanel]

Private sector employment is never a goal of the left. Silly wabbit!

 

[Claudette]

here, for the challenged.....








Two weeks ago Congress's Joint Committee on Taxation reported that 53% of the income tax increases that Mr. Obama would extract starting next year comes from business. Those are the businesses that aren't hiring people as they wait out the tax and other policy uncertainties.


you want to do this in this economic environment? good luck.

Yup. I'm sure the economy will take off like a rocket. NOT.

Really. Some people who think they are smart just don't have the brains God gave a pea.

Perhaps Barry should read a little history and see what worked for other presidents.

I'm fairly sure he's smart enough, being a Harvard Law Professor and all, to figure out how to copy a winning strategy and run with it.

Then again. Mayby he doesn't give a shit. Never mind.

its all about class warfare and votes, he knows, he just doesn't care....

GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, "I certainly would not go above what existed under Bill Clinton," which was 28 percent. It's now 15 percent. That's almost a doubling, if you went to 28 percent.

But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.

OBAMA: Right.

GIBSON: And George Bush has taken it down to 15 percent.

OBAMA: Right.

GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.

So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness.

We saw an article today which showed that the top 50 hedge fund managers made $29 billion last year -- $29 billion for 50 individuals. And part of what has happened is that those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That's not fair.


GIBSON: But history shows that when you drop the capital gains tax, the revenues go up.

yada yada yada
Page 18: Transcript: Obama and Clinton Debate - ABC News

Yep. As I said anyone with half a brain would copy what worked and run with it. Drop Capital Gains and watch the economy take off. Its done just that for more than one American POTUS.

If he wants that second term he should kick his "fairness" bs to the curb and get the economy up and running.

WOW what a fucking dipshit he is.

For a HAARRRVVAAARD Law professor he ain't to fucking bright.

 

[mudwhistle]

Obama to push extension of middle-class tax cuts | Financial Headlines | Comcast

President Barack Obama is launching a push to extend tax cuts for the middle class, as he seeks to shift the election-year economic debate away from the dismal jobs market and toward the issue of tax fairness.

The right tells us, out of one side of their mouth, if we don't raise taxes on the 2%, we'll get jobs.

Taxes have not gone up on the 2%, they have not produced any jobs in the 30 years since Ronnie Ray-Gun started his voodoo economics the right favors and yet, the right now says, out of the other side of its mouth, that its the fault of a Dem president that we have high unemployment.

The rw voter doesn't know what the fuck they're yammering about. All they know is to repeat what fux, lushbo, Boehner, Rove, Norquist, Ryan, Cantor and now, Mr Etch A Sketch tells them to repeat, over and over, ad nauseum.

Try to understand that you really can't have it both ways and make up your "minds".

So why did Obama keep extending the Bush era tax-cuts if they don't work?

First they called them purely tax-cuts for the rich. Now they claim the middle-class got one too. Well, the Democrats lied. You're just too partisan to recognize it.

You're the folks that can't seem to get your story straight.

 

[mudwhistle]

Obama to push extension of middle-class tax cuts | Financial Headlines | Comcast

President Barack Obama is launching a push to extend tax cuts for the middle class, as he seeks to shift the election-year economic debate away from the dismal jobs market and toward the issue of tax fairness.

The right tells us, out of one side of their mouth, if we don't raise taxes on the 2%, we'll get jobs.

Taxes have not gone up on the 2%, they have not produced any jobs in the 30 years since Ronnie Ray-Gun started his voodoo economics the right favors and yet, the right now says, out of the other side of its mouth, that its the fault of a Dem president that we have high unemployment.

The rw voter doesn't know what the fuck they're yammering about. All they know is to repeat what fux, lushbo, Boehner, Rove, Norquist, Ryan, Cantor and now, Mr Etch A Sketch tells them to repeat, over and over, ad nauseum.

Try to understand that you really can't have it both ways and make up your "minds".

Here is your exercise for the day, how much revenue will be realized if the top 1% of 2% have their taxes raised?

Here is another question, what examples do you have that show when taxes are raised private sector employment increases?

I await your response with great anticipation. This ought to be enlightening to say the least.

All Obama has to do is do nothing. (Which is all he ever does)

Let them expire. See what it does to the economy.

The way he was talking this Spring that was what he was gonna do. But now he wants to pull in middle-class voters by flip-flopping.

Think it will work?

 

[Staidhup]

Luddly,
Still waiting for your numbers? Come on dude you can find some real numbers can't you, or is this another fairness bullshit spin without any concrete numbers to support your position that serve no other purpose than to foment class warfare? You are aware that these numbers you will provide are based on current tax law?

 

[Inthemiddle]

Talk is cheap.

BTW, this is a Bush program Obama says caused the poor economy. Why does he keep extending it?

When has Obama ever said middle class tax cuts caused the Great Recession?

[youtube]qiad54f2Rjw[/youtube]

Still didn't hear anything about middle class tax cuts causing the recession.

 

[mudwhistle]

Obama and the left tells us the solution is to tax the rich by raising their taxes while keeping our's the same.

According to the CBO this will give the government $85 billion dollars a year. Problem is every 8.5 days we spend that much in the federal government. So this all is simply a ruse to trick Obama supporters into thinking he's using this as a solution.

Fact is.....Obama's mouth is watering over the $400 billion letting the Bush tax-cuts completely expire would give him. Fact is......he needs 3 times that amount to pay for his budget.

So where do you think he's gonna get all of that money from?

From everyone......not just the rich. But he doesn't want you to know that.

Just like he didn't want you to know that his health care bill was a massive tax increase.

Just like the cash he's planning on stealing from Social Security and Medicare.

 

[ItsjustmeIthink]

Obama and the left tells us the solution is to tax the rich by raising their taxes while keeping our's the same.

According to the CBO this will give the government $85 billion dollars a year. Problem is every 8.5 days we spend that much in the federal government. So this all is simply a ruse to trick Obama supporters into thinking he's using this as a solution.

Fact is.....Obama's mouth is watering over the $400 billion letting the Bush tax-cuts completely expire would give him. Fact is......he needs 3 times that amount to pay for his budget.

So where do you think he's gonna get all of that money from?

From everyone......not just the rich. But he doesn't want you to know that.

Just like he didn't want you to know that his health care bill was a massive tax increase.

Just like the cash he's planning on stealing from Social Security and Medicare.

Obama and the left tells us the solution is to tax the rich by raising their taxes while keeping our's the same.

ORRRR, he's saying that since the Rich have been getting richer then they should have to pay the pre-bush tax rate. We're in a recession/recovery and income disparity is an issue?...C'mon people.

Just like he didn't want you to know that his health care bill was a massive tax increase.

If you have a website that has at least a few credible sources on how(and by how much) the ACA will supposedly increase the *current tax rate* on Americas I will...kiss you?

_____
You're right on one thing though, and that this is just more politics. The House won't pass it, their 'benefactors' won't allow it.

 

[candycorn]

After the Bush tax cuts for upper income voters, his sending middle income kids off to fight in a war of choosing in Iraq, plunging the nation into debt by not funding it, the necessary war in Afghanistan and his Medicare Part D program....the middle income Americans can benefit from a little pandering about right now.

Are Republicans really against tax cuts now?