Make a Contribution to Remove NSFW Ads

Democrats ready to let Bush tax cuts expire

Ruff Ryder

Ruff Ryder

Robotix
Registered
<object width="420" height="245" id="msnbc89a758" classid="clsid:D<param name="movie" value="http://www.msnbc.msn.com/id/32545640" /><param name="FlashVars" value="launch=40463734^569500^888600&amp;width=420&amp;height=245" /><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /><param name="wmode" value="transparent" /><embed name="msnbc89a758" src="http://www.msnbc.msn.com/id/32545640" width="420" height="245" FlashVars="launch=40463734^569500^888600&amp;width=420&amp;height=245" allowscriptaccess="always" allowFullScreen="true" wmode="transparent" type="application/x-shockwave-flash" pluginspage="http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash"></embed></object><p style="font-size:11px; font-family:Arial, Helvetica, sans-serif; color: #999; margin-top: 5px; background: transparent; text-align: center; width: 420px;"></a></p>​
 
If Democrats are willing to nut up and let all the tax cuts expire to block the extension of the tax cuts for the wealthy, I'd be pleasantly shocked. If they did it and blamed it loudly on the Republicans, the Earth might jump it's axis.
 
Lamarr said:
What exactly do 'the people' gain by allowing the tax cuts expire?

More TSA Agents? :D
Click to expand...

Considering the Republicans just ran on the soaring deficit, it would be instand revenue to close that gap.
If they paid for the tax cuts, I would have no problem with making them permanent but they have an expiration date because they're unfunded.

More TSA Agents? Damn you crazy:lol::lol::lol:.
 
Upgrade Dave said:
More TSA Agents? Damn you crazy:lol::lol::lol:.
Click to expand...

I'm serious, it wouldn't surprise me to see TSA Agents at Subway stations, Bus Terminals, Sports complexes etc. Bookmark it! :yes:

I understand the philosophical differences of the issue but lets be real about some things: Didn't we just witness Bernanke "creating $600 billion out of nothin"? I understand taking a principled stance but why the silence on QE2?

Who will pay for that action

Who will benefit

Who will suffer
 
Lamarr said:
I'm serious, it wouldn't surprise me to see TSA Agents at Subway stations, Bus Terminals, Sports complexes etc. Bookmark it! :yes:

I understand the philosophical differences of the issue but lets be real about some things: Didn't we just witness Bernanke "creating $600 billion out of nothin"? I understand taking a principled stance but why the silence on QE2?

Who will pay for that action

Who will benefit

Who will suffer
Click to expand...


I chimed in briefly in that thread. I'm against it and it's foolish. It's the American microwave/instant gratification mentality of trying to quick fix a deep entrenced problem and ends up creating more problems.
 
Upgrade Dave said:
I chimed in briefly in that thread. I'm against it and it's foolish. It's the American microwave/instant gratification mentality of trying to quick fix a deep entrenced problem and ends up creating more problems.
Click to expand...

This action is the source of a lot of frustration because:

1) Bernanke took this action all by himself, no congressional approval whatsoever

2) It hurts anyone who wants to save as 'creating dollars' only devalues existing dollars

3) The 'tax cuts for the rich' theme is small compared to actions by Bernanke, however, the 'tax cuts for the rich' theme dominates the headlines while Bernanke & company continue their antics away from the bright lights of the media

4) We have to seriously look at the power structure in the country. How can the Fed Res give "taxpayer" dollars to foreign nations and Americans have no say-so in the transaction? Not only did we not have a say-so, but we found out 2 years after the fact that money was sent to offshore banks.

And you know what, the "so-called rich" who will be taxed will not suffer nearly as much as the layman on this board because Wall Street will have access to the EZ money, first! coutesy of Ben Bernanke, of course

Sorry for the rant but IMO, the anger of some on this board is misplaced!
 
Lamarr said:
This action is the source of a lot of frustration because:

1) Bernanke took this action all by himself, no congressional approval whatsoever

2) It hurts anyone who wants to save as 'creating dollars' only devalues existing dollars

3) The 'tax cuts for the rich' theme is small compared to actions by Bernanke, however, the 'tax cuts for the rich' theme dominates the headlines while Bernanke & company continue their antics away from the bright lights of the media

4) We have to seriously look at the power structure in the country. How can the Fed Res give "taxpayer" dollars to foreign nations and Americans have no say-so in the transaction? Not only did we not have a say-so, but we found out 2 years after the fact that money was sent to offshore banks.

And you know what, the "so-called rich" who will be taxed will not suffer nearly as much as the layman on this board because Wall Street will have access to the EZ money, first! coutesy of Ben Bernanke, of course
Sorry for the rant but IMO, the anger of some on this board is misplaced!
Click to expand...


I agree with all this but especially the bolded part. This is a hugely underreported news item.


On the tax front again
There have been two possible compromises put out there that wouldn't involving Democrats folding like cheap tables.

1) The 250k mark was established in 93. Simply adjust it for inflation, which would make the cutoff around 378k.

2) Craft an exemption for legitimate small businesses in the 250k-500k range.
 
You must log in or register to reply here.
Back
Top