Posted on 09/12/2010 8:24:10 AM PDT by roses of sharon
I did not say it was good or bad, I just said that I was tired I things being taken out of context.
In raw numbers, Federal Tax Revenue was approximately $1.75 Trillion in 2003, compared to approximately $2.5 Trillion in 2008. The “Rich” paid a larger portion of those Taxes, while the bottom 50% of Taxpayers paid less, even though the Tax Rate for the top earners was reduced by 10% with the Bush era Legislation.
Let us not forget that this was after the Trillion Dollar economic impact of 9/11. That fact seems to be lost in this debate, but at the time the projections of economic recovery from the aftermath were dismal.
Only a Socialist can claim that Tax Rate Cuts can “cost” anything to an entity that does not create one red cent of wealth. To think otherwise is beyond my limited sensibilities.
The Government can only assist in the creation of wealth by reducing its cost to the Economic Producers that support it.
Great post and worth repeating.
“This is what makes me angry about Free Republic and the FRaliban. Every election cycle the newsmedia does this. The newsmedia attempts to divide the GOP by taking things out of context and then provocateurs here on FR attempt to say that GOP is no different that rats in order to suppress the Nov vote.”
“The real kicker is the people here say that the liberal newsmedia are bias and yet it doesn’t stop people from believing this taken out of context.”
Can you read? He and his aide both said it. IT’S in the WSJ!
Can you read?
Direct Boehner quotes from your post.
“If the only option I have is to vote for some of those tax reductions, I’ll vote for it".
The tax cuts are expiring automatically. Boehner is NOT "dropping" tax cuts. If the Democrat majority presents a bill with some of the future tax cuts that he wants, he will support it. It doesn't mean that he doesn't want more tax cuts.
To say that Boehner is dropping tax cuts for the "rich" is misleading and idiotic.
Do you understand?
Obama needs to pass the middle class tax cut or he will got back on his word.
Any other tax cut he will veto.
If the Republicans insist both get passed it will get done.
They Said It! Rep. Barney Frank (D-MA) On Raising Taxes
8:35 a.m. EDT Oct. 21, 2008 WASHINGTON, Oct 21, 2008 /PRNewswire-USNewswire via COMTEX/ — The following quote from Rep. Barney Frank is being issued by the Republican National Committee: Rep. Frank: “Yes, I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money.”(CNBC’s “Closing Bell,” 10/20/08) Click Here To
View: http://www.youtube.com/watch?v=u1Mazjm_A5k
Rep. Barney Frank, Democrat, MA: “Yes, I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money.”
“...and recover some of this money.”
——————————————————————————————Notice he didn’t say “their money”.
The Republicans are not in the majority, and there will be no accross-the-board tax cut bill for Obama to veto.
*SIGH* Boehner is and always has been a concummate idiot. He looks like an idiot, talks like an idiot, and thinks like an idiot. He’s an idiot. And he’s willingly walking right into a big fat rat sucker-punch. That’s nothing new, though.
With Boehner looming on the horizon as Speaker, there will be little joy and not that much victory in winning back the House. I can only pray that one of the more promising members can overcome Boehner’s support, but I doubt it. Pubs are notoriously stupid about such things. Boehner is the perfect dufus for the press to rip to shreds on every level for the next two years.
Oops, I meant “consummate.”
Good point. I hope this is the case.
Here’s video of Boehner this moring on the tax cuts:
http://www.hapblog.com/2010/09/john-boehner-on-extending-tax-cuts-if.html
If they are extended across the board they will still cost the gubbermint zero dollars. Boehner and Gingrich alike apparently are too brainwashed to assert this simple yet critical truth.
“It’s probably reinvested in their businesses.”
BINGO.
Increasing the tax is a $700 b cut in private sector investment, actually more, since tax compliance and economic avoidance makes the real cost of those higher taxes about double the ‘cost’ to the Government budget, or $1.5 trillion.
And will the Government spending $700b wisely? No, they will do something that is worth far less that $700b to our economy due to waste, inefficiency and fraud. maybe half will be wasted.
So this tax increase will cost the economy $1 TRILLION.
“Doesn’t he know that the class warfare card was openly being played?”
YES. That’s why he put it back on the Democrats to *lead* and not make him the issue.
” He had to have talked with his staff and other members as to how to answer this inevitable question. He could have responded simply that tax cuts for ALL taxpayers help everyone in the economy.”
HE DID SAY THAT!
“If the only option I have is to vote for some of those tax reductions, I’ll vote for it. But I’ve been making the point now for months that we need to extend all the current rates for all Americans if we want to get our economy going again, and we want to get jobs in America. … I would hope that there would be an open debate, an open process, and let’s let the Congress decide what the current tax rates should be and for who they should be. I think there’s a growing chorus on Capitol Hill to extend all of these tax rates, and I would hope that we would do it.” - John Boehner
The strategy is to take whatever tax cuts you can get ANYTIME and then to expand on them. With Rats the strategy of all or nothing gets you nothing.
Exactly, what he means is that Republicans are for tax cuts WHENEVER they can get them for WHOEVER gets them.
Let’s face it. The tax hike for “the rich” is going to be passed by the lame duck Congress after the November election.In the meantime, Obama was going to use Republican opposition to it as a bludgeon before the election with the usual class warfare rhetoric that the Republicans were supporting tax cuts for “the rich” and thus jeopardizing middle class tax cuts that the Dems want to extend. Now Boehner’s next move during the campaign season in the chess game should be to tie an agreement not to oppose tax hikes for “the rich” to an agreement by the Dems to cut and freeze all Federal spending back to 2008 levels which,of course, they will never agree to.Thus the focus has shifted back to reinforcing the fact that the Republicans are the party of cutting spending which is what the country is most concerned about vs the party of Big Spend. Checkmate.
So now we suddenly start believing the LSM to accurately report what conservative Republicans say? Did you not read the post where the Rats have decided to run ads featuring Bohener as the boogie man? Do you not think that CBS intentionally misreported this just to get your reaction?
http://www.youtube.com/watch?v=x1fN85FHYj0
Do you not understand English?
"Rep. Boehner: "Bob, we don't know what the bill's going to say, alright? If the only option I have is to vote for those at 250 and below, of course I'm going to do that. But I'm going to do everything I can to fight to make sure that we extend the current tax rates for all Americans."
That's a direct quote. Please explain to me where I am suddenly believing anyone except the man himself.
I hear these words and decide for myself that this is compromise when we should not be compromising. No "LSM" anybody told me that.
Did I miss the post where Boehner claims he was misquoted? Do you have evidence CBS tampered with the videotape of him saying this?
Get your facts straight before you start lecturing others.
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