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Who Will Be the 2012 Republican Presidential Nominee? Who Will Be the 2012 Republican Presidential Nominee?

10-19-2011 , 04:04 PM
Quote:
Originally Posted by seattlelou
Less wealth at the top does not equal less jobs, tax increases do. You can point to things like economic growth under the Clinton administration where taxes where higher but nobody actually thinks that it is casual. Find me one economist that says higher taxes, in isolation, leads to more jobs. Find me one economist that says tax policy under the Clinton administration led to the growth. Good economic times are when tax hikes can be justified.
The Obama administration extended the Bush tax cuts because they thought it was stimulative. President Clinton stated that tax cuts are not what this country needs at this time. It is bad policy to significantly raise taxes in a weak economy.
The stacking of the deck using the term "in isolation" is impressive.
10-19-2011 , 04:25 PM
Quote:
Originally Posted by caseycjc
Regarding 9-9-9

Approx 47% of Americans currently pay taxes.
If I'm not mistaken 100% of Americans will pay at least something in taxes.
If the other 53% of Americans now contribute at least some $$, which they haven't in the past, then the only way this can be net neutral is if some people contribute less than they did before.

So who gets to contribute less?
So wait. You think the poor people don't pay any tax whatsoever? I mean, they DO pay taxes. Just not income tax.
10-19-2011 , 04:26 PM
Quote:
Originally Posted by seattlelou
Less wealth at the top does not equal less jobs, tax increases do. You can point to things like economic growth under the Clinton administration where taxes where higher but nobody actually thinks that it is casual. Find me one economist that says higher taxes, in isolation, leads to more jobs. Find me one economist that says tax policy under the Clinton administration led to the growth. Good economic times are when tax hikes can be justified.
The Obama administration extended the Bush tax cuts because they thought it was stimulative. President Clinton stated that tax cuts are not what this country needs at this time. It is bad policy to significantly raise taxes in a weak economy.
the point is that if its not causal then you cannot say that if the wealthiest pay higher taxes then jobs won't be created.

No one is arguing that raising taxes will create jobs. We're merely arguing that raising taxes will not destroy jobs.

I don't agree that Obama extended the Bush tax cut for the reasons you speculate though until I become a mind reader it is only speculation.
10-19-2011 , 04:30 PM
Quote:
Originally Posted by kurto
the point is that if its not causal then you cannot say that if the wealthiest pay higher taxes then jobs won't be created.

No one is arguing that raising taxes will create jobs. We're merely arguing that raising taxes will not destroy jobs.

I don't agree that Obama extended the Bush tax cut for the reasons you speculate though until I become a mind reader it is only speculation.


You don't have to read his mind just listen to his words:


Mr. Obama said the bill would create jobs and boost the still-struggling U.S. economy. He called it a "substantial victory for middle class families" who would otherwise have seen a tax increase.

"In fact, not only will middle class Americans avoid a tax increase, but tens of millions of Americans will start the new year off right by opening their first paycheck to see that it's larger than the one they get right now," he said.
10-19-2011 , 04:31 PM
Quote:
Originally Posted by cres
It also doesn't show that lower taxes to those that wouldn't notice (other than as a glint in their eye) is +ve for the overall economy. Taxes are a complaint whether they're 1% or 95%. But that brings the game back into play, the wealthy will expend considerable resources to save pennies. Why you may ask, because it is a game to them. There is no real cost to live.

Before you go off on how it does matter to some, the sector who I speak of are in the millionaire range. They are accelerating the acquisition phase of their wealth. The hardest money anyone ever earned was their first million, after that it becomes geometrically easier to get to 10's and then 100's of millions.
And the irony is, it's the wealthy that practice the most redistribution of wealth, towards them.
accumulative advantage baby.
10-19-2011 , 04:32 PM
Quote:
Originally Posted by seattlelou
Less wealth at the top does not equal less jobs, tax increases do.
and another false assumption.

It's a given that taxes to corporate interests are just passed on to the consumer. Correspondingly, tax increases to the rich will not suddenly find the businessman mowing his own lawn, or his wife cleaning the estate. All the services they currently enjoy will be still done for them. If its a matter of cash to pay for the services, then they will do what almost everyone else does, earn more.
10-19-2011 , 04:35 PM
Quote:
Originally Posted by wil318466
So wait. You think the poor people don't pay any tax whatsoever? I mean, they DO pay taxes. Just not income tax.
jfc, I'm talking about income tax
10-19-2011 , 04:40 PM
Quote:
Originally Posted by MrWookie
How about another idea. How about taxing people on the top more? How about a return to Clinton-era levels of taxation, which, despite what rich people might tell you, were levels of taxation under which the economy grew and both rich and poor got richer. What we're looking for is a level of taxation that can sustain the country, sustain our social safety nets (not that they can't be improved, but they should be there), and that allows both rich and poor to benefit as the economy grows. The lowest and least progressive tax system that allows for that is the target. What we have now isn't right. We have a system that is clearly too regressive. I'm not sure what "the line" is, no one does. But the line where taxes on the rich are so high that they're not getting rich enough is really far from where we are now.
I completely agree with this. I also completely agree with the concept that the cost of living, at a point, just doesn't come into the equation.

If you make 1,000 dollars a week you don't really feel rich. Not with mortgages, 2 kids, 2 cars, food, entertainment, and that looming 200k bill for college coming up. No way.

But lets face facts here. There are people who have incomes where costs really just don't come into play. If you make 500k (or another larger figure, just using this as an example) a year can the day to day costs of living/saving really even be considered a burden? Absolutely not. The way they would look at paying for their kids education would be the way I would look at buying a used Honda Accord.
10-19-2011 , 04:44 PM
Quote:
Originally Posted by caseycjc
jfc, I'm talking about income tax
I know. I'm simply saying the argument that "everyone should have skin in the game" doesn't make sense when there are so many people who live below the poverty line.

I haven't been in the income range of "poor" for a long time, but I remember what it was like. I distinctly remember what it was like making 15k a year, and it sucked beyond belief. I'm way way past that point now, and in a relatively short amount of time.

I'm just saying taking even a small amount of money from someone making an amount like that or lower could be absolutely devastating, and I think that's something that could be understood by everyone.
10-19-2011 , 04:49 PM
Quote:
Originally Posted by kurto
the point is that if its not causal then you cannot say that if the wealthiest pay higher taxes then jobs won't be created.

No one is arguing that raising taxes will create jobs. We're merely arguing that raising taxes will not destroy jobs.

.
If stimulus spending = increases jobs. Then reducing the amounmt of the yearly budget defecit would have to reduce jobs. Wether that is cutting spending or raising taxes. I think most economist agree that it would reduce demand and jobs.

http://hotair.com/archives/2011/10/1...hner-on-taxes/

Though Obama's plan is really about campaigning for next year. Oh and according to Reid the private sector is doing just fine.
10-19-2011 , 04:51 PM
Wil, I agree, that was pretty much the point of my post. It seems that 9-9-9 being net neutral while gaining money from the poor would have to be giving breaks to the rich. It was pretty much a rhetorical question but I am curious who benefits the most by paying less taxes. (meaning corps and or wealthy)
10-19-2011 , 05:45 PM
Quote:
Originally Posted by seattlelou
You don't have to read his mind just listen to his words:


Mr. Obama said the bill would create jobs and boost the still-struggling U.S. economy. He called it a "substantial victory for middle class families" who would otherwise have seen a tax increase.

"In fact, not only will middle class Americans avoid a tax increase, but tens of millions of Americans will start the new year off right by opening their first paycheck to see that it's larger than the one they get right now," he said.
Really? You're under the belief that what a politician says is always exactly what he believes? Why am I 100% certain that you don't believe that.

He's also talking about a bill above, not just the Bush tax cuts. Everyone knows the Bush Tax cuts benefited the wealthier people disproportionately... not the middle class.
10-19-2011 , 06:05 PM
Quote:
Originally Posted by kurto
Really? You're under the belief that what a politician says is always exactly what he believes? Why am I 100% certain that you don't believe that.

He's also talking about a bill above, not just the Bush tax cuts. Everyone knows the Bush Tax cuts benefited the wealthier people disproportionately... not the middle class.
Your post seemed to imply that I had to read Obama's mind in order to surmise that the administration felt that raising taxes hurt job growth. If you would have stated that Obama lies so I should not listen to his words then I wouldn't have posted his comments.
10-19-2011 , 06:06 PM
He's talking about the pay raise in Medicare?
10-19-2011 , 06:06 PM
Quote:
Originally Posted by seattlelou
Clinton doesn't think this is a good time to raise taxes not sure why Obama does.
You do know Obama cut your taxes, right?
10-19-2011 , 06:24 PM
Perry taking it to Cain, wanting to one-up him on something simple and on ****ing the poor:

http://online.wsj.com/article/SB1000...509538248.html

Quote:
Republican presidential candidate Rick Perry's economic plan will include a flat-tax proposal, a bid to establish himself as the leading conservative candidate on what has become a defining issue in the campaign.

The Texas governor said in a speech Wednesday to the Western Republican Leadership Conference in Las Vegas that he would lay out details of a flat-tax plan that "starts with scrapping the three million words of the current tax code, and starting over with something much simpler: a flat tax."
10-19-2011 , 06:26 PM
bahahaha what a ****show this primary campaign is
10-19-2011 , 06:29 PM
Quote:
Originally Posted by Trolly McTrollson
You do know Obama cut your taxes, right?
Yes, yes I do.
10-19-2011 , 06:31 PM
Cain said he didn't think Ron Paul would be a good President. Basically that Paul wants to eliminate instead of fix the Fed, etc. (When he was asked who he liked the least)

Says Romney or Newt would be his choice if he doesn't win.

Saw it on CNN a few minutes ago, his interview is at 9PM
10-19-2011 , 06:44 PM
Quote:
Originally Posted by MrWookie
Perry taking it to Cain, wanting to one-up him on something simple and on ****ing the poor:

http://online.wsj.com/article/SB1000...509538248.html
This tax policy must litterally be the only aspect of Perrys politics that doesn't involve "Energy"

Oh and....
Quote:
"I want to make the tax code so simple that even Timothy Geithner can file his taxes on"
Hey oh

I think he's trying to base his whole campain now on zingers
10-19-2011 , 06:57 PM
Quote:
Originally Posted by tomosaurus
I think he's trying to base his whole campain now on zingers
Nothing else seems to be working.
10-19-2011 , 07:03 PM
I'm going to sell those refrigerator word magnets with republican catch phrases. It will be a huge hit. "Class warfare", "broaden the tax base", "REGULATIONS!", "palling around with terrorists". Palin could have her own set.
10-19-2011 , 07:26 PM
The administration has a much simpler messaging. "It's not my fault."
10-19-2011 , 07:36 PM
Is there any truth in this or is it just "Hot Air"

http://hotair.com/archives/2011/09/2...pelosi-family/
10-19-2011 , 07:44 PM
Quote:
Originally Posted by seattlelou
The administration has a much simpler messaging. "It's not my fault."
I mean, it's really not though. And many many Americans don't believe it's his fault at all.

You have to look at it in the perspective of the severity of the financial crisis. I'm pretty sure it was the largest economic decline since the great depression. I really think people have to stop and read that sentence again. It was absolutely huge.

The problem was the political environment afterwards was extremely difficult to navigate. There was a large disconnect between 2 sentiments :

"This is what we need to do"

"This is what we're able to do"

That has pretty much plagued the Obama presidency. Many people voted for Obama to be an anti-Bush, to roll back all the damage during Bush's 8 years. The issue is Obama couldn't/wouldn't do that. This is why you see so many angry people ON THE LEFT. We're not satisfied with what Obama has done. We want him way more left.

If anything the Republicans should be happy, Obama is a far from a liberal, and that's readily apparent.

      
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