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

boedicca

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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
 

konradv

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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
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:
 

Lovebears65

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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
 

Rocko

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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.
 
OP
boedicca

boedicca

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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
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:


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.
 

DiamondDave

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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
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:
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
 

driveby

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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


Can some liberal lie to me and explain how this creates jobs? ..... :eusa_whistle:
 

Sallow

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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


Can some liberal lie to me and explain how this creates jobs? ..... :eusa_whistle:
Who makes the trucks and cars driven by police and firemen? Give you a little time with this and you can use google too.
 

Grampa Murked U

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[ame=http://www.youtube.com/watch?v=8glbYVk3WSo&feature=player_detailpage]Obama: "The LAST THING We Want to Do Is Raise Taxes During a Recession" - YouTube[/ame]
 

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