Obama's Big Jobs Plan: Raise Taxes on $200K/Year Billionaires!

Discussion in 'Politics' started by boedicca, Sep 12, 2011.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Well, now we know.

    Obama is going to fund his Jobs Plan by taxing those Mythical Billionaire Jet Owners who make more than $200K per year.

    Oh...and he is also going to get rid of oil companies' ability to use the same tax deductions as other manufacturers.

    "In order to invest in jobs and growth, we're going to have to pay for it," Lew told reporters as Obama prepared to submit his jobs program to Congress on Monday.

    Lew said the "tax provisions" that Obama was proposing included:

    - A limit on itemized deductions and certain exemptions on individuals who earn over $200,000 and families who earn over $250,000, which would raise roughly $400 billion over 10 years.

    - A proposal to treat carried interest earned by investment fund managers as ordinary income rather than taxing it at capital gains rates, which would raise $18 billion.

    - Eliminating certain oil and gas industry tax breaks that would raise $40 billion.

    - A change in corporate jet depreciation rules that would raise $3 billion. ...


    News Headlines
     
  2. konradv
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    konradv Gold Member

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    Maybe they should start providing the jobs we've been hearing about, since we haven't raised taxes yet. What are they waiting for? It should get them some extra deductions. That is unless they're really saving the money to but another jet! :cool:
     
  3. Lovebears65
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    Lovebears65 Gold Member

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    In that same speech he says he is going to help small business owners but what he is too dumb to figure out is most of the people that is small business owners and they will have the personal income tax risen. Give to one hand and take it out of the other
     
  4. Rocko
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    Rocko Gold Member

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    Liberals should in the very least admit this is proof he doesn't care about the deficit.

    When he finanly gets the reveune he says he needs to cut the debt, he use's it on a half trillion dollar spending bill, but it was a tea party downgrade.
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Companies add jobs when they see valid business reason for doing so. With increased regulatory burdens and the threat of more, combined with higher taxes, there aren't valid business reasons.
     
  6. DiamondDave
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    DiamondDave Army Vet

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    Did not know that someone making 200K or more is REQUIRED to make you a job

    More support of selective equal treatment by our leftist ilk once again
     
  7. driveby
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    driveby Gold Member

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    Can some liberal lie to me and explain how this creates jobs? ..... :eusa_whistle:
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Have FAITH bro.

    Have FAITH.
     
  9. MikeFrank
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    MikeFrank Member

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    No need to explain you should just trust our president, he has done a great job so far telling us the truth already, DO NOT QUESTION HIM! ( sarcasm ends )
     
  10. Grampa Murked U
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    Grampa Murked U Diamond Member

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