Obama to propose $1.5 Trillion in new taxes

[Liberty]

hiking taxes on entrepreneurs and business owners that employee people while keeping taxes for his buddy Immelt at GE at ZERO...yeah, pretty sure anyone who wasn't a braindead idiot would see that this President is one of the most corrupt in history. Hiking taxes on competitors while keeping taxes of your friends low is the very definition of corruption. There are people that still support this assclown in chief?

 

[Soggy in NOLA]

OK, so what's the plan for paying off that $15 trillion in national debt?

Apparently printing more money and purchasing more securities is the plan.

 

[Soggy in NOLA]

​

Tell ya what, if we go back to 1993 level of federal spending, you can raise everyone's taxes. Deal?

Mr. Shaman forgets to credit the largely free market High Tech economy for causing the growth that led to increased tax receipts in the late 1990s.

Ms. Sheman never got that part.

 

[Rocko]

putting my feelings on his plan aside, why couldn't he come up with a plan before the S & P downgrade?

Now the left are praising him for showing leadership. LMAO

EDIT: But that wasn't leadership when Paul Ryan came out with a plan. LMAO

 

[asaratis]

Obama's plan has never changed...drag down the US economy with overspending and tax increases...put the US on the same level as third world countries so we will not be so despised by His dear friends, the Muslims.

This last "Jumbo Jobs" bill is nothing more than another stab at stimulating the economy with government spending on projects chosen by Obama to benefit his campaign-fund contributors. Hell, he may even finance another bailout of a company on the brink of bankruptcy.

This is throwing good money after bad.

Obama is a Marxist. (He wants to equalize the people...as long as He remains part of the elite group that gets to make all the rules...and be overpaid for doing it.)

Don't count on yo boy Obama to come up with any plan whatsoever that will actually benefit free enterprise and bolster the free market. He believes in a command market.

Come to think of it...FUCK OBAMA...and the horse he rode in on!

 

[manifold]

Queue Caliphony Goil and another Cloward-Piven post.

 

[Kuros]

OK, so what's the plan for paying off that $15 trillion in national debt?

Spend less... get those not paying federal income taxes actually paying some, if not equalizing the tax rate on every dollar across the board... spend even less... cut more programs/agencies... spend less.. get the bottom line down and use the huge amount we already pay in taxes like it is supposed to be used and not some charity gambit

Fantasyland. We must do all this AND raise taxes.

No candidate has offered a real deficit reduction plan

Unfortunately, the Republican presidential candidates don’t appear quite ready to take part in that conversation.

Their economic plans seem to be heavy on tax cuts and vague on spending reductions. It seems the GOP contenders are not quite ready to level with the American people.

Not that the Democrats are much better. President Barack Obama remains haunted by his 2008 pledge not to raise taxes on any family earning less than $250,000 a year. With that pledge, he has made it all but impossible for the federal government to raise enough money to balance the budget.

. . .

We are in this predicament precisely because for three decades, politicians have chosen to ignore the laws of mathematics. In 1981, President Ronald Reagan pushed through Congress a major cut in income taxes despite warnings it would increase the deficit.

In 2001, President George W. Bush won congressional approval for a huge tax cut despite warnings that it would wipe out a projected budget surplus. And in 2009, Obama persuaded lawmakers to approve a $787 billion economic stimulus package despite warnings it would increase the deficit.

The definition of insanity is doing the same thing over and over and expecting a different result.

 

[Wry Catcher]

Cut government = cut jobs = higher unemployment = less money in circulation = less spending = more jobs lost = more homes defaulted = a Great Depression.

 

[Avatar4321]

More taxes. It's always more taxes. When are they going to stop taking from us? It just isn't right.

 

[DiamondDave]

OK, so what's the plan for paying off that $15 trillion in national debt?

Spend less... get those not paying federal income taxes actually paying some, if not equalizing the tax rate on every dollar across the board... spend even less... cut more programs/agencies... spend less.. get the bottom line down and use the huge amount we already pay in taxes like it is supposed to be used and not some charity gambit

Fantasyland. We must do all this AND raise taxes.

No candidate has offered a real deficit reduction plan

Unfortunately, the Republican presidential candidates don’t appear quite ready to take part in that conversation.

Their economic plans seem to be heavy on tax cuts and vague on spending reductions. It seems the GOP contenders are not quite ready to level with the American people.

Not that the Democrats are much better. President Barack Obama remains haunted by his 2008 pledge not to raise taxes on any family earning less than $250,000 a year. With that pledge, he has made it all but impossible for the federal government to raise enough money to balance the budget.

. . .

We are in this predicament precisely because for three decades, politicians have chosen to ignore the laws of mathematics. In 1981, President Ronald Reagan pushed through Congress a major cut in income taxes despite warnings it would increase the deficit.

In 2001, President George W. Bush won congressional approval for a huge tax cut despite warnings that it would wipe out a projected budget surplus. And in 2009, Obama persuaded lawmakers to approve a $787 billion economic stimulus package despite warnings it would increase the deficit.

The definition of insanity is doing the same thing over and over and expecting a different result.

Ehhh.. wrong answer... because what you and everyone else means by raising taxes is raising taxes on some while keeping people paying differing rates in the search for buying votes...

We need to cut spending... equalize that tax rate on every dollar earned by every citizen... and come up with a tax rate that is equivalent to what we need for bringing in enough for our expenditures and paying off the debt

 

[Maple]

Obama to propose $1.5 trillion in new tax revenue - Yahoo! News

At least he's not calling it 'spending cuts in the tax code' anymore.

I thought this was a job's plan, hmmmmmmmmmmmmmm how does this create jobs?? Oh, that's right, tax the millionaires, okay, so that means they have less money to spend and can not afford the yahct, so that means that the yahct builders are out of a job, along with all of their employees. I don't think this will work to create jobs.

 

[Kuros]

More taxes. It's always more taxes. When are they going to stop taking from us? It just isn't right.

Another post submitted from fantasyland.

 

[Wry Catcher]

More taxes. It's always more taxes. When are they going to stop taking from us? It just isn't right.

Well, we also need to close loop holes. The first being all real estate owned by religious organizations need to pay their fair share of property taxes. They receive all the benefits of other property owners, why are they excluded?

 

[eflatminor]

More taxes. It's always more taxes. When are they going to stop taking from us? It just isn't right.

Well, we also need to close loop holes. The first being all real estate owned by religious organizations need to pay their fair share of property taxes. They receive all the benefits of other property owners, why are they excluded?

You won't find many liberty-minded folks disagreeing with the idea of closing loopholes but keep in mind the fact that nearly 1/2 of Americans pay NO federal income tax is one giant fucking loophole. I'm all for a flat, fair tax but not this 'soak the rich' shit. Close loopholes and set into place a low, flat tax with minimal exemptions and watch revenues to government coffers increase dramatically.