Obama the Silent Tax Cutter

Seawytch

Information isnt Advocacy
Aug 5, 2010
42,407
7,739
1,860
Peaking out from the redwoods
That's right "Taxed Enough Already" party with your silly tea bag hats and occasionally racist signs, you GOT A TAX CUT under President Obama. He's actually cut taxes MORE than Bush! I know this comes as a HUGE shock to Faux "news" watchers, but it's true...

Obama the Silent Tax Cutter

[...]Analyst Michael Linden found that if one compares the cost of tax cuts in just the first four years of Bush’s term (2001–04) to the first four years of Obama's (2009–12), Obama’s tax cuts are bigger. The value of the Bush tax cuts were about $475 billion in those first four years, or about 1.1 percent of GDP. Obama’s total about $1 trillion, or 1.6 percent of GDP.

Obama has cut taxes to lower levels than Bush did, says Linden. This is because, of course, Obama thus far has extended all of the Bush tax cuts and then cut taxes on top of that. His original stimulus bill in 2009 had $290 billion in Making Work Pay tax cuts. His speech Thursday night before Congress advocated for another $175 billion in payroll tax cuts, which come on top of $110 billion from last December’s budget deal. Speeded-up expensing for business adds another $10 billion or so.

All in all, Obama is responsible for many billions in tax cuts, yet the popular perception is that he has raised taxes.​
 
I saw this meme floating around and wondered HOW long it would take to end up here.

Obama the Silent Tax Cutter

So I saved this..:eek:
FOUR PINOCCHIOs from the Washington Post for Hussein's LIE about cutting taxes
Obama’s whopper of a claim on tax cuts - The Fact Checker - The Washington Post

Hate to burst your "aha" bubble, but your factcheck doesn't address the OP at all...

Well let me think? who to believe, a site called the DAILYBEAST or the Washington compost..:lol:
 
I saw this meme floating around and wondered HOW long it would take to end up here.



So I saved this..:eek:
FOUR PINOCCHIOs from the Washington Post for Hussein's LIE about cutting taxes
Obama’s whopper of a claim on tax cuts - The Fact Checker - The Washington Post

Hate to burst your "aha" bubble, but your factcheck doesn't address the OP at all...

Well let me think? who to believe, a site called the DAILYBEAST or the Washington compost..:lol:

Can you argue the numbers or can't you? The fact check you linked to had nothing to do with the number in the linked article. Obviously you can't address or debunk them or you would not be playing this silly deflection game.

We are at the lowest tax rate in 60 years. Obviously, the "Tea Party" miss-named themselves. They were much more apt when named themselves tea baggers.
 
Hate to burst your "aha" bubble, but your factcheck doesn't address the OP at all...

Well let me think? who to believe, a site called the DAILYBEAST or the Washington compost..:lol:

Can you argue the numbers or can't you? The fact check you linked to had nothing to do with the number in the linked article. Obviously you can't address or debunk them or you would not be playing this silly deflection game.

We are at the lowest tax rate in 60 years. Obviously, the "Tea Party" miss-named themselves. They were much more apt when named themselves tea baggers.

did you read the article? at all?

you are aware also that subsidies are counted as tax breaks?

and-

Broad tax breaks granted to millions of families at all income levels dwarf the corporate giveaways. Over the past two years, largely because of these popular benefits in the federal income tax code, the government has reached a rare milestone in tax collection: It has given away as much as it takes in.

The number of tax breaks has nearly doubled since the last major tax overhaul 25 years ago, with lawmakers adding new benefits for children, college tuition, retirement savings and investment. At the same time, some long-standing breaks have exploded in value, such as the deduction for mortgage interest and the tax-free treatment of health-insurance premiums paid by employers.

All told, federal taxpayers last year received $1.08 trillion in credits, deductions and other perks while paying $1.09 trillion in income taxes, according to government estimates.

Only about 8 percent of those benefits went to corporations. (The write-off for corporate jets equals about .03 percent of the total.) The bulk went to private households, primarily upper middle-class families that Obama has vowed to protect from new taxes.

“The big money is in the middle-class subsidies,” said Syracuse University economist Leonard Burman, former director of the nonpartisan Tax Policy Center. “You’re not going to balance the budget by eliminating ethanol credits. You have to go after things that really matter to a lot of people.”


more at-
http://bangordailynews.com/2011/09/18/politics/federal-tax-breaks-now-equal-to-tax-revenue/
 
Well let me think? who to believe, a site called the DAILYBEAST or the Washington compost..:lol:

Can you argue the numbers or can't you? The fact check you linked to had nothing to do with the number in the linked article. Obviously you can't address or debunk them or you would not be playing this silly deflection game.

We are at the lowest tax rate in 60 years. Obviously, the "Tea Party" miss-named themselves. They were much more apt when named themselves tea baggers.

did you read the article? at all?

you are aware also that subsidies are counted as tax breaks?

and-

Broad tax breaks granted to millions of families at all income levels dwarf the corporate giveaways. Over the past two years, largely because of these popular benefits in the federal income tax code, the government has reached a rare milestone in tax collection: It has given away as much as it takes in.

The number of tax breaks has nearly doubled since the last major tax overhaul 25 years ago, with lawmakers adding new benefits for children, college tuition, retirement savings and investment. At the same time, some long-standing breaks have exploded in value, such as the deduction for mortgage interest and the tax-free treatment of health-insurance premiums paid by employers.

All told, federal taxpayers last year received $1.08 trillion in credits, deductions and other perks while paying $1.09 trillion in income taxes, according to government estimates.

Only about 8 percent of those benefits went to corporations. (The write-off for corporate jets equals about .03 percent of the total.) The bulk went to private households, primarily upper middle-class families that Obama has vowed to protect from new taxes.

“The big money is in the middle-class subsidies,” said Syracuse University economist Leonard Burman, former director of the nonpartisan Tax Policy Center. “You’re not going to balance the budget by eliminating ethanol credits. You have to go after things that really matter to a lot of people.”


more at-
Federal tax breaks now equal to tax revenue — Maine Politics — Bangor Daily News

So, time to end ALL subsidies and raise taxes on everyone?
 
That's right "Taxed Enough Already" party with your silly tea bag hats and occasionally racist signs, you GOT A TAX CUT under President Obama. He's actually cut taxes MORE than Bush! I know this comes as a HUGE shock to Faux "news" watchers, but it's true...

Obama the Silent Tax Cutter
[...]Analyst Michael Linden found that if one compares the cost of tax cuts in just the first four years of Bush’s term (2001–04) to the first four years of Obama's (2009–12), Obama’s tax cuts are bigger. The value of the Bush tax cuts were about $475 billion in those first four years, or about 1.1 percent of GDP. Obama’s total about $1 trillion, or 1.6 percent of GDP.

Obama has cut taxes to lower levels than Bush did, says Linden. This is because, of course, Obama thus far has extended all of the Bush tax cuts and then cut taxes on top of that. His original stimulus bill in 2009 had $290 billion in Making Work Pay tax cuts. His speech Thursday night before Congress advocated for another $175 billion in payroll tax cuts, which come on top of $110 billion from last December’s budget deal. Speeded-up expensing for business adds another $10 billion or so.

All in all, Obama is responsible for many billions in tax cuts, yet the popular perception is that he has raised taxes.​

Does that mean we can stop calling them the Bush tax cuts?
 
That's right "Taxed Enough Already" party with your silly tea bag hats and occasionally racist signs, you GOT A TAX CUT under President Obama. He's actually cut taxes MORE than Bush! I know this comes as a HUGE shock to Faux "news" watchers, but it's true...

Obama the Silent Tax Cutter
[...]Analyst Michael Linden found that if one compares the cost of tax cuts in just the first four years of Bush’s term (2001–04) to the first four years of Obama's (2009–12), Obama’s tax cuts are bigger. The value of the Bush tax cuts were about $475 billion in those first four years, or about 1.1 percent of GDP. Obama’s total about $1 trillion, or 1.6 percent of GDP.

Obama has cut taxes to lower levels than Bush did, says Linden. This is because, of course, Obama thus far has extended all of the Bush tax cuts and then cut taxes on top of that. His original stimulus bill in 2009 had $290 billion in Making Work Pay tax cuts. His speech Thursday night before Congress advocated for another $175 billion in payroll tax cuts, which come on top of $110 billion from last December’s budget deal. Speeded-up expensing for business adds another $10 billion or so.

All in all, Obama is responsible for many billions in tax cuts, yet the popular perception is that he has raised taxes.​

Does that mean we can stop calling them the Bush tax cuts?

Nope..... The word only goes out when we say it goes out. It means what we want it to mean.

full-auto-albums-drama-queen-picture3845-bumper26.gif
 
When's he going to cut spending?

When we aren't in danger of another recession I would imagine. He has fewer fed employees than Reagan did.

Big Government? Obama Has 273,000 Fewer Federal Employees Than Reagan

Another recession? We haven't come out of the last one.

Who said anything about fed emps? Not me.

Spending.

Federal spending has increased a whopping 84 percent under President Obama.

“There have been so many massive spending increases, 24 percent in the base budget, 84 percent when you add the stimulus,” Ryan said in an interview on Fox News Sunday.

“We have had spending on a gusher. And if borrowing and spending and taxing and spending actually created jobs and produced prosperity, we wouldn’t have all this joblessness,” he said.

Ryan: Spending up 84 percent under Obama - The Hill's Blog Briefing Room
 
Nice try but Obama has raised taxes by nearly a trillion in ocare. Then you have around another trillion when he let's bush cuts expire. Now he wants another half trillion in his stimulus...er jobs bill. Plus all the new fees and taxes in his new regulations.

OBAMA RAISES MASSIVE TAXES AND OFFERS PUNY CREDITS AS A DIVERSION.

HE IS ONE OF THE WORST FAILED LEADERS IN OUR GREAT COUNTRYS HISTORY.


STICK YOUR HEAD BACK IN THE SAND.
 
Granny says dey a buncha scalawags - can't do nothin', useless as ticks onna hound dog, can't even get together onna easy stuff...
:eusa_eh:
On spending, Congress can't agree on easy stuff
Sep 26,`11 WASHINGTON (AP) - Congress is once again allowing shutdown politics to bring the federal government to the brink of closing.
For the second time in nine months, lawmakers are bickering and posturing over spending plans. The difference this time is that everyone agrees on the massive barrel of money to keep the government running for another seven weeks. "It is embarrassing," Sen. Mark Warner, D-Va., admitted Sunday on CNN's "State of the Union." Warner asked: "Can we, once again, inflict on the country and the American people the spectacle of a near government shutdown?" At issue is a small part of the almost $4 trillion budget intended for an infrequent purpose: federal dollars to help victims of floods, hurricanes, tornadoes and other natural disasters and whether some of the expense should be offset by cuts in other government spending.

This sort of crisis management has cost Congress credibility in the eyes of the electorate, with about eight in 10 Americans disapproving of the institution's performance after this summer's debt crisis. A major credit agency downgraded the nation's ratings as a result, unnerving the world's financial markets. FEMA estimates that as of Monday morning, it had $114 million left in its disaster relief account, enough to last until Thursday or Friday, said agency spokeswoman Rachel Racusen. That is a couple of days longer than FEMA estimated last week, which an agency official attributed to unused money FEMA has been able to reclaim from grants to states for recovery projects that have been completed. Those extra days are significant because that means FEMA may not need additional money to function until Saturday, when the government's new fiscal year begins. That takes some pressure off House and Senate leaders who have been unable to strike a compromise on a bill providing disaster relief and financing the government until mid-November.

The current standoff raises a question: If lawmakers can't even agree to help victims of natural disasters, how are they going to strike a deal to cut $1.5 trillion in spending this fall in the white-hot climate of presidential and congressional politics? The uncertainty isn't helping officials in Joplin, Mo., desperate to rebuild homes and put people back to work after a devastating tornado in May. "We can appreciate the efforts to get our national economy in better order, but we're concerned about how that's going to affect us," Joplin Mayor Mike Woolston said Friday, as Congress headed home for the weekend, the standoff unresolved. Woolston said he thinks lawmakers will come to an agreement before the Federal Emergency Management Agency runs out of money. "But the devil's in the details," he said. "How long will it take, how much disaster funding will there be?"

MORE
 
Last edited:
He raised taxes on smokes and incorporated a new tax on tanning salon customers...
 

New Topics

Forum List

Back
Top