Obama To Try For 1.6 Trillion In New Taxes

[bitterlyclingin]

[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

 

[SniperFire]

It is all a ruse.

 

[Black_Label]

Good, this nation needs to get back in fiscal order.

 

[SniperFire]

Good, this nation needs to get back in fiscal order.

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

 

[TNHarley]

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!

 

[Mr. H.]

$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.

 

[RoadVirus]

Good, this nation needs to get back in fiscal order.

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.

 

[Black_Label]

Good, this nation needs to get back in fiscal order.

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.

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.

 

[LordBrownTrout]

Good, this nation needs to get back in fiscal order.

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.

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.

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.

 

[Mr. H.]

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

 

[OKTexas]

Good, this nation needs to get back in fiscal order.

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.

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.

If Clinton had such a dynamite tax plan, how about we just bring all the rates back. Click the link to see how it would affect you.

Comparing Income Taxes under Bill Clinton and George Bush | Tax Foundation

After all if you want that dynamite tax plan leading the charge I'm sure you will be willing to dig a little deeper for your dear leader.

 

[Black_Label]

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.

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.

If Clinton had such a dynamite tax plan, how about we just bring all the rates back. Click the link to see how it would affect you.

Comparing Income Taxes under Bill Clinton and George Bush | Tax Foundation

After all if you want that dynamite tax plan leading the charge I'm sure you will be willing to dig a little deeper for your dear leader.

I'm fine with letting them all expire. The right wing free for all to the rich cost this nation direly. We need to get back in fiscal order.

 

[Black_Label]

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.

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.

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.

That's why it's critical that we end the horrific bush tax cuts to the rich and close all the abusive loopholes. The greedy GOP are sucking the nation dry.

 

[Wolfsister77]

He's not promoting new taxes. He's promoting the expiration of the tax cuts for those making over $250,000/year. They would be going back to the tax rates they were at before the tax cut was put in place. These tax cuts were not meant to be permanent.

 

[ScienceRocks]

Goddamn you leftist are clueless of economics. LOL My god your belief system is failing everywhere it is tried...Yet you keep going and going and going.

 

[Sallow]

He's not promoting new taxes. He's promoting the expiration of the tax cuts for those making over $250,000/year. They would be going back to the tax rates they were at before the tax cut was put in place. These tax cuts were not meant to be permanent.

Yep.

Glad he's developed a spine on this.

 

[occupied]

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.

If Clinton had such a dynamite tax plan, how about we just bring all the rates back. Click the link to see how it would affect you.

Comparing Income Taxes under Bill Clinton and George Bush | Tax Foundation

After all if you want that dynamite tax plan leading the charge I'm sure you will be willing to dig a little deeper for your dear leader.

I'm fine with letting them all expire. The right wing free for all to the rich cost this nation direly. We need to get back in fiscal order.

Me too, not like they ever made a huge difference in any individual lives but the collective cost has been catastrophic. If you are living within your means a little extra in taxes is not going to break anyone.

 

[Black_Label]

Goddamn you leftist are clueless of economics. LOL My god your belief system is failing everywhere it is tried...Yet you keep going and going and going.

When's the last time a GOP president balanced the budget?

 

[Old Rocks]

Good, this nation needs to get back in fiscal order.

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

LOL. What bullshit.

I want everybody that makes more than I do to pay at least the same percentage in taxes that I do.

The reason that the upper end is paying a higher total percentage of the taxes is that they are taking a much higher percentage of the total income of all citizens than they used to.

So, time to redistribute income downward, instead of upward, as has been done for the last 32 years.

Now there were people getting rich in the '50's. And the American middle class was growing, and gaining in income during that period. The American economy was growing hand over fist. And what was the high end tax during that period?

 

[Old Rocks]

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!

Really? Clinton raised the taxes on the very wealthy in 1992. How did the next 8 years look economically? How many jobs were lost because of that raise in taxes on the wealthy? Care to discuss that?

Take the taxes back to the Clinton era, and add 5% on the incomes above one million. Or better yet, adopt the Buffet Rule.