Obama To Try For 1.6 Trillion In New Taxes

Discussion in 'Politics' started by bitterlyclingin, Nov 14, 2012.

  1. bitterlyclingin
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    bitterlyclingin Silver Member

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    [The five billion sucked out of the US economy in 1937 by the Undistributed Profits Tax sent the American economy which had made a few tepid feints at recovery by then into a tailspin back to the lowest levels already seen during the Great Depression. What's 1.6 trillion going to do today? Anyone hear the sound of a huge sucking whirlpool nearby in the background? Obambi simply needs the money to keep the members of his Obama Nation Plantation happy. Oh yeah, and to keep the production line that makes the $40,000 selling price Chevy Volt that costs $89,000 to build running.]

    "President Obama will push Republicans to accept a deficit reduction plan that includes $1.6 trillion in extra tax revenue over the next ten years, double the number he had previously been pushing, according to multiple outlets.

    In 2011, Obama tried to get Republicans to accept a deal that included $800 billion in additional revenue. The president plans to push the $1.6 trillion in added revenue Friday during an early meeting with legislators on a deficit reduction plan"

    Report: Obama To Push For $1.6 Trillion In Tax Hikes… | Weasel Zippers
     
    Last edited: Nov 14, 2012
  2. SniperFire
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    SniperFire Senior Member

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    It is all a ruse.

    [​IMG]
     
  3. Black_Label
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    Black_Label Registered Democrat

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    Good, this nation needs to get back in fiscal order.
     
  4. SniperFire
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    SniperFire Senior Member

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    You really, really don't want people paying their fair shares.


    [​IMG]
     
  5. TNHarley
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    TNHarley Gold Member

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    The volt thing has been debunked. 1.6 wont do shit over 10 years. Lets use his ideology. Tax the fuck out of the rich to lead to layoffs, more welfare and more poverty. Its the successful peoples fault we are like this!
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    $40 billion in taxes targeted at oil and gas alone. Ironically those are two of the very few number of industries actually driving this economy today. Tax success, reward lethargy.

    Forget the last 4, pay no attention to the next 4.
     
  7. RoadVirus
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    RoadVirus <insert pithy title here>

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    Slapping $1.6 trillion in taxes on the wealthy and corporations won't do that. What it will do is drive them out of the country. It'll be just like California, except it'll happen all over America and not just one state.
     
  8. Black_Label
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    Black_Label Registered Democrat

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    BS. We had one of the best economies and the biggest surplus in US history under Clinton with his dynamite tax plan leading the charge.

    Fair tax rates give us balanced budgets and booming economies.
     
  9. LordBrownTrout
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    LordBrownTrout Gold Member

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    Two different dynamics. The tech boom was occurring in the 90's and unemployment was around 5 percent. There is no boom right now and unemployment is 8 percent. GDP is 1.7 and stagnant now.
     
    Last edited: Nov 14, 2012
  10. Mr. H.
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    Mr. H. Diamond Member

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    Obama to fry up 1.6 trillion new Texans?
    I think I'm developing dyslexia.
     

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