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Post by sdtosf on Nov 30, 2010 23:31:09 GMT -8
Could not say how they would pay for extending the tax cuts for those making over $250K a year.
Matt Lauer asked it again: "Mr Cantor can you please answer my question." " How will you pay for these tax cuts?"
He then mumbled and changed the subject and could not answer that question.
Interview ended.
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Post by 78aztec82 on Dec 1, 2010 4:47:27 GMT -8
Hey! That's funny, you can't answer any cogent counterpoint made to any of your threads either! How ironic.
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Post by AztecWilliam on Dec 1, 2010 21:04:52 GMT -8
The experience of tax cuts under Kennedy, Reagan, and Bush shows us that in each case tax revenues went up, not down.
AzWm
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Post by waztec on Dec 2, 2010 18:32:36 GMT -8
The tax cuts have ballooned the debt. Most workers benefited not one bit from the promised job creation opportunities presented by this latest iteration of Reagan trickle down.
All of the tax cuts should expire.
If they do the Republicans will be happy. Why? Because the deficit will be mostly cured.
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Post by Deleted on Dec 2, 2010 19:10:52 GMT -8
The tax cuts have ballooned the debt. Most workers benefited not one bit from the promised job creation opportunities presented by this latest iteration of Reagan trickle down. All of the tax cuts should expire. If they do the Republicans will be happy. Why? Because the deficit will be mostly cured. Why don't you and all like minded souls just pay a higher tax rate? Nothing is stopping you. I think it would be an outstanding way for you to demonstrate your moral superiority. I should think a 75% self-imposed tax rate would go a long way in assisting your fellow Americans escape the cruel vagaries of the capitalist system. Think of the extra taxes as sort of a church tithe since your religion is big government. |
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Post by Montezuma on Dec 2, 2010 19:11:57 GMT -8
I am pretty sure spending and bailouts have ballooned the debt. If I ran my finances the same way congress runs the country I would be in jail. These idiots think that class envy and killing small business is the answer. Our creeps on the left are so beholdant to the unions. The link that matters is that small businesses generally are not unionized. We creep closer and closer to tyranney everyday.
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Post by Yoda on Dec 2, 2010 20:24:04 GMT -8
Okay, here's the deal...
The premise is that tax cuts for the "rich" increase tax revenues by giving them the money to increase hiring, the workers then pay taxes, etc. Problem is, there is already plenty of money to hire -- the reason nobody is hiring isn't because they don't have money; it is because there is no demand. Everybody is trying to pay down their debt. It doesn't make a lot of sense to hire people to make products that you can't sell.
So rather than extending the tax cut on the "rich", don't. Instead, not only extend the tax cut on the middle class but increase it -- so that the total cut (in dollars) is the same that it would have been if you had extended the cut on everybody. It is just all directed at the middle class.
The right should be reasonably happy -- it is exactly the same size as the tax cut that they are arguing for. The left should love it -- the rich don't get their tax cut. And business should love it -- because it is directed at increasing demand for their products.
Yoda out...
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Post by aztecwin on Dec 3, 2010 7:04:39 GMT -8
The tax cuts have ballooned the debt. Most workers benefited not one bit from the promised job creation opportunities presented by this latest iteration of Reagan trickle down. All of the tax cuts should expire. If they do the Republicans will be happy. Why? Because the deficit will be mostly cured. Spending has ballooned the debt. The sound Tax Policy put in place by Bush has increased revenue when tested in a stable model. Insane spending has been the problem. |
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Post by aztecwin on Dec 3, 2010 7:07:24 GMT -8
Okay, here's the deal... The premise is that tax cuts for the "rich" increase tax revenues by giving them the money to increase hiring, the workers then pay taxes, etc. Problem is, there is already plenty of money to hire -- the reason nobody is hiring isn't because they don't have money; it is because there is no demand. Everybody is trying to pay down their debt. It doesn't make a lot of sense to hire people to make products that you can't sell. So rather than extending the tax cut on the "rich", don't. Instead, not only extend the tax cut on the middle class but increase it -- so that the total cut (in dollars) is the same that it would have been if you had extended the cut on everybody. It is just all directed at the middle class. The right should be reasonably happy -- it is exactly the same size as the tax cut that they are arguing for. The left should love it -- the rich don't get their tax cut. And business should love it -- because it is directed at increasing demand for their products. Yoda out... I would agree if you either made sure that small business was exempt along with family farms. An easy way is to rasie the threshold to about 1.5 mil from 250K. |
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Post by sandiegopete on Dec 3, 2010 16:00:03 GMT -8
Cantor knows the long term plan for reducing the budget: eliminate Medicare; eliminate Social Security; eliminate the FDA; eliminate the SEC; eliminate the FDIC; eliminate HHS. He also knows he can't say that in public.
I see some people still believe that Federal revenues increased after tax cuts. Those people conveniently ignore population and inflation. Federal revenues increase regardless of whether there are tax cuts. I notice that none of the proponents of tax cuts have made mention of real Federal revenue per capita. When they do and provide the figures to support their position I will listen to them.
Another interesting comment made with regard to tax cuts is that such cuts will translate into more American jobs. Exactly how enabling an investment banker to buy another Ferrari translates into more U.S. jobs is unclear. Most of the U.S. assembly jobs have been shipped to places like China where the workers are paid about $80 per month. Those jobs are not comming back.
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Post by aztec70 on Dec 3, 2010 16:26:12 GMT -8
Welcome, Pete.  |
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Post by Bob Forsythe on Dec 3, 2010 16:51:18 GMT -8
Hey! That's funny, you can't answer any cogent counterpoint made to any of your threads either! How ironic. Well Stu, that would assume you could manage to offer a "cogent counterpoint", now wouldn't it? =Bob |
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Post by Bob Forsythe on Dec 3, 2010 16:52:21 GMT -8
The experience of tax cuts under Kennedy, Reagan, and Bush shows us that in each case tax revenues went up, not down. AzWm Reagan raised taxes 3 times during his 2 terms. Please address that instead of simply referring to the one time he cut taxes in '81. =Bob |
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Post by Bob Forsythe on Dec 3, 2010 16:54:09 GMT -8
The tax cuts have ballooned the debt. Most workers benefited not one bit from the promised job creation opportunities presented by this latest iteration of Reagan trickle down. All of the tax cuts should expire. If they do the Republicans will be happy. Why? Because the deficit will be mostly cured. Why don't you and all like minded souls just pay a higher tax rate? Nothing is stopping you. I think it would be an outstanding way for you to demonstrate your moral superiority. I should think a 75% self-imposed tax rate would go a long way in assisting your fellow Americans escape the cruel vagaries of the capitalist system. Think of the extra taxes as sort of a church tithe since your religion is big government. Isn't amazing how some poor, dumb soul such as yourself never has anything to offer other than "IT'S SOCIALISM, SOCIALISM I TELL YOU". Jeez, crawl back under your rock and leave these discussions to the adults. =Bob |
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Post by Bob Forsythe on Dec 3, 2010 17:01:07 GMT -8
I am pretty sure spending and bailouts have ballooned the debt. If I ran my finances the same way congress runs the country I would be in jail. These idiots think that class envy and killing small business is the answer. Our creeps on the left are so beholdant to the unions. The link that matters is that small businesses generally are not unionized. We creep closer and closer to tyranney everyday. If you ran your finances the same way that Congress runs the country, you'd have to answer to 300 million people. What is it about government not being a business that right-wing ideologues don't understand? But please, I'll be tolerant - outline for us what cuts you'd make in order to run the country like you run your finances. Would you cut defense? Would you cut Social Security? Would you cut Medicare? If not, what would you cut because those 3 make up something like 70 percent of this country's spending. Oh wait, I know, you'll offer some bullshiite about "cutting the fat" without ever understand that the fat resides in tax breaks for the rich, defense spending and two wars, one of which was and is totally unnecessary. Please tell us, since you are apparently an expert on how a country of 300 million should be run based upon how you run your finances, how you would solve the problem. =Bob |
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Post by Bob Forsythe on Dec 3, 2010 17:12:41 GMT -8
The tax cuts have ballooned the debt. Most workers benefited not one bit from the promised job creation opportunities presented by this latest iteration of Reagan trickle down. All of the tax cuts should expire. If they do the Republicans will be happy. Why? Because the deficit will be mostly cured. Spending has ballooned the debt. The sound Tax Policy put in place by Bush has increased revenue when tested in a stable model. Insane spending has been the problem. Well, if it's insane spending, I'd offer this - raise the age that retired military can collect their pensions to age 55. If they want to retire at age 38, as you did, that's all well and good, but they don't get to collect it until they reach a reasonable age of retirement. Shoot, all those "lavish" government pensions that the right-wing consistently whines about don't kick in until age 50 for public safety and 55 for others. And while we're at it, let's means- test those who are double and triple dipping. I carried mail with people who did their 20 and then moved over to USPS for 15 years or so and then collected on two pensions. I recognize that you didn't do that, but you did start a business while investing well, so why should we be paying you a military retirement with full medical plus Social Security if, as you've stated, you're worth over a million, at least on paper? I don't begrudge you what you've earned - I'm simply offering a counterpoint to your constant whining about taxes when you started collecting retirement at age 38. That does tend to make things a lot easier, doesn't it? =Bob |
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Post by Deleted on Dec 3, 2010 17:15:47 GMT -8
Why don't you and all like minded souls just pay a higher tax rate? Nothing is stopping you. I think it would be an outstanding way for you to demonstrate your moral superiority. I should think a 75% self-imposed tax rate would go a long way in assisting your fellow Americans escape the cruel vagaries of the capitalist system. Think of the extra taxes as sort of a church tithe since your religion is big government. Isn't amazing how some poor, dumb soul such as yourself never has anything to offer other than "IT'S SOCIALISM, SOCIALISM I TELL YOU". Jeez, crawl back under your rock and leave these discussions to the adults. =Bob To be accurate, I'm more in the "It's Corporatism" camp but no matter. Always lost in these discussions is for one of the greedy leftards that populate this forum to answer the question "HOW MUCH?" What level of taxation would satisfy the craven vultures of the left? How much do you worthless scum sucking thieves want? Taken together; federal, state, sales, energy etc, the government confiscates in excess of 50 cents of every dollar I earn. In that light I think it's only fair that if you advocate even more confiscatory action by the government that you yourself should be willing to part with at least 75% of your income just to set an example for all us greedy capitalists. Of course at you income level 75% would supply a poor family with a couple of days of government cheese, but it's the thought that counts. |
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Post by Bob Forsythe on Dec 3, 2010 17:19:11 GMT -8
Okay, here's the deal... The premise is that tax cuts for the "rich" increase tax revenues by giving them the money to increase hiring, the workers then pay taxes, etc. Problem is, there is already plenty of money to hire -- the reason nobody is hiring isn't because they don't have money; it is because there is no demand. Everybody is trying to pay down their debt. It doesn't make a lot of sense to hire people to make products that you can't sell. So rather than extending the tax cut on the "rich", don't. Instead, not only extend the tax cut on the middle class but increase it -- so that the total cut (in dollars) is the same that it would have been if you had extended the cut on everybody. It is just all directed at the middle class. The right should be reasonably happy -- it is exactly the same size as the tax cut that they are arguing for. The left should love it -- the rich don't get their tax cut. And business should love it -- because it is directed at increasing demand for their products. Yoda out... I would agree if you either made sure that small business was exempt along with family farms. An easy way is to rasie the threshold to about 1.5 mil from 250K. Christ, how could you have been raised in Montana and think that there are "family farms" making 250 grand a year? And how can you think that "small businesses", which are defined by the government as companies employing less than 500 workers, are actually small businesses? OTOH, if it were to get raised to a Mil, I wouldn't have that much of a problem with it. But, or course, the Debt Reduction Commission comes out and says we should do away with the mortgage deduction, thereby passing even more of the tax burden onto the middle class. =Bob |
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Post by waztec on Dec 3, 2010 19:11:35 GMT -8
The tax cuts have ballooned the debt. Most workers benefited not one bit from the promised job creation opportunities presented by this latest iteration of Reagan trickle down. All of the tax cuts should expire. If they do the Republicans will be happy. Why? Because the deficit will be mostly cured. Why don't you and all like minded souls just pay a higher tax rate? Nothing is stopping you. I think it would be an outstanding way for you to demonstrate your moral superiority. I should think a 75% self-imposed tax rate would go a long way in assisting your fellow Americans escape the cruel vagaries of the capitalist system. Think of the extra taxes as sort of a church tithe since your religion is big government. I am willing to pay, but I want you to take responsibility and pay too. The thought of you squeezing for that last dollar just warms my innards. ;D I am not morally superior. I think conservatives have it wrong. Big government is not what you despise. Paying taxes is. If it was just big government, you would not want to spend six quintillion dollars on national defense (without VA benefits of course). |
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Post by waztec on Dec 3, 2010 19:17:13 GMT -8
I am pretty sure spending and bailouts have ballooned the debt. If I ran my finances the same way congress runs the country I would be in jail. These idiots think that class envy and killing small business is the answer. Our creeps on the left are so beholdant to the unions. The link that matters is that small businesses generally are not unionized. We creep closer and closer to tyranney everyday. Take away the wars and the tax cuts and there is no debt. Remember Clinton (a Democrat showed a surplus)? Creeps on the left? If you want to call names, liberals can easily give better than we get. Unions are groups of people, your neighbors, seeking an even bargaining position with business. Since equal status negotiations and exchanges are the essence of capitalism I guess that makes you a socialist, huh? |
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