Posted on 10/18/2010 3:37:26 AM PDT by Son House
The White House continued to push Sunday for Congress to let the Bush tax cuts expire for the wealthiest Americans, teeing up a lame-duck standoff over the issue in Washington once lawmakers return from the campaign trail.
David Axelrod, the president's senior adviser, said Sunday that the Obama administration still wants the tax cuts extended for middle-class families making up to $250,000.
"That would be stimulative, because people who need money in their pocket to spend and pay for the things that they need to live would have more money in their pocket," Axelrod said in an interview.
But he continued to argue that extending the cuts for everybody, including the upper-income brackets, would not be worth the cost and would not stimulate the economy.
"The notion that we borrow $700 billion for the next ten years from China or some other country in order to pay for tax cuts for millionaires and billionaires doesn't make sense. This is part of how we got in trouble in the first place," Axelrod said on CNN's "State of the Union."
The White House persistently accuses Republicans of holding the middle class "hostage" by insisting on an across-the-board extension.
(Excerpt) Read more at foxnews.com ...
No matter what the tax rate, the Government usually collects approximately 18% of the GDP, so, is it better to have high tax rates and less jobs, or low tax rates and more jobs? It's like they insist on a high unemployment.
'So, once again, we have the power. We've got this man in office. I think
we're all proud of Barack and his accomplishments. Everybody I know in
our communities are praying for us. Every day we feel that. And let me
just tell your listeners that it means all the world to us to know that there
are prayer circles out there and people who are keeping the spirits clean
around us.'
These idiots still have figured out that it is INVESTMENT that creates jobs, not consumer spending.
Pencil necks like Axelrod have zero concept of basic Economics 101. It does not occur to him that we could live within our means and not spend so recklessly. Democrats do not understand that an improved economy results in increased tax revenues.
The tax and spend Democrats continuously implement failed policies. They clearly have disordered minds.
David, that talking point is several weeks old. It's time to find a new one.
But David, you have borrowed the money to bail out the financial institution like Citicorp, JPMorganChase and AIG who are all millinaires and billionaires, you disingenuous puke.
Ooh, Ooh, I got it!
BUSH'S FAULT
p.s. It’s my money. LOWER MY TAXES.
No doubt he wants the unemployment rate to surpass 20% in his last two years in office.
Several weeks? Try several decades.
It amazes me how many people STILL believe tax rates and revenue are proportional. How did people ever get convinced the earth wasn't flat.
It is a ploy to get to raise ALL taxes.
Change.
Confiscate all of Soros’ $billions. He’s had his fun - it’s pay-back time.
Why should anyone suffer a pay cut because a bunch of buffoons in DC can’t control their spending?
“, is it better to have high tax rates and less jobs, or low tax rates and more jobs?”
Teaching the Laffer curve should be required material by middle school. Otherwise kids will reach voting age without a clue. Oh wait! Too late! Nevermind!
I can't wait for Queen Nancy to get the boot. Guaranteed, she and the Sunday morning talking head show Dims will magically rediscover the words "bipartisan" and "mean-spirited". Blah, blah, blah.
“The notion that we borrow $700 billion for the next ten years from China or some other country in order to pay for tax cuts for millionaires and billionaires doesn’t make sense.
Its not the Governments money assclown. If you do not spend more then you have then you do not need to borrow to repay. Oh what a great concept!
Exactly!
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