Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

NY Times: The Truth About Taxes (The Times Urges Obama to Fight for Tax Increases)
New York Slimes ^ | 08/07/2011 | Editorial

Posted on 08/07/2011 11:02:33 AM PDT by SeekAndFind

A week later and we are still amazed at how the Republicans in Congress pulled it off. They held the economy hostage, won some cheap political points, and all of us will spend the next decade paying the ransom as government programs — $900 billion over 10 years in the first round — are slashed and the recovery is put at risk.

The only glimmer of hope is that the battle is not completely over — if President Obama is finally willing to fight.

Under the terms of the ill-conceived debt agreement, Congress has to propose another $1.5 trillion in deficit reduction measures by December. Just to ensure that rationality does not have a chance, Republican leaders said they would not put anyone on the deficit-cutting “super-committee” who might entertain the idea of raising taxes.

A week later and we are even more amazed by the failure of Mr. Obama and the Democratic leadership to stand up to this intransigence. If they do not start pushing back, with the same ferocity, the results will be disastrous.

Standard & Poor’s made its judgment about both the political standoff and the all-cuts, no-new-revenues deal on Friday when it lowered the country’s long-term debt rating one notch, down from AAA. And while “no new taxes” pledges are almost always big political winners, Americans are also figuring out that the country cannot keep on this way. According to the latest New York Times/CBS News Poll, 63 percent support raising taxes on households that earn more than $250,000 a year to help address the deficit.

If that is not enough to energize the White House, here are a few more facts. To avoid across-the-board cuts, Congress must enact at least another $1.2 trillion in deficit reduction measures over the 10 years.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Government; News/Current Events; Philosophy
KEYWORDS: debt; newyorktimes; taxes; taxincrease

1 posted on 08/07/2011 11:02:43 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

The Time’s Advise to Obama:

* LET THE BUSH CUTS EXPIRE.

Letting all of the cuts expire at the end of 2012 would save $3.8 trillion over the next decade. Letting the tax cuts expire for those making more than $250,000 would save $700 billion.

* MAKE REAL REFORMS

Streamline the code, make it fairer and — most important — raise more revenue.

* TARGET TAX BREAKS AND LOWER RATES

Wealthier taxpayers get the greatest benefit. The process needs to be reformed so that most of the help flows to those who most need it: low- and middle-income taxpayers.

Tax breaks that have outlived their purpose must be ended, starting with subsidies for the oil industry, which is making billions in profits.

* VAT AND CARBON TAXES

A value-added tax is conducive to saving, and a carbon tax helps protect the environment.


2 posted on 08/07/2011 11:05:45 AM PDT by SeekAndFind (u)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I thought the Times told us that “the rich” WANT to pay more taxes. What’s this “fight” crap all about? You shouldn’t have to “fight” for something if the idiots WANT to give it to you. Just make taxes VOLUNTARY. After all, isn’t paying taxes “patriotic”? LOL! The “media” types are a bunch of fools.


3 posted on 08/07/2011 11:06:16 AM PDT by FlingWingFlyer (Americans need to wean their government off of its dependence on foreign money.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The notion of spending cuts has the left squealing like PIIGS.


4 posted on 08/07/2011 11:06:28 AM PDT by MulberryDraw ( Where's the democrat budget? What's the plan?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I always have to laugh when I see the same Left wing political class that claims they can reduce smoking by raising taxes on tobacco products turns around and argues that raising taxes on income will have no impact on economic growth.


5 posted on 08/07/2011 11:07:51 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Go directly to Hell, Old Grey Whore.


6 posted on 08/07/2011 11:07:55 AM PDT by onyx (If you enjoy FR, support it! If you support Sarah Palin & want on her Busy Ping List, let me know.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

THERE ARE NO SPENDING CUTS! Just more spending from here to eternity.


7 posted on 08/07/2011 11:09:50 AM PDT by all the best
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The most frightening thing about this article is the comments, which are 95% in favor of Democrat policies.

No one seems to wonder whether the increase in federal government expenditures from 18% to 25% over the past several years is to blame. Almost everyone takes that increased level for granted and lobbies for increased taxes. Some visionaries even ask for direct taxes on accumulated wealth.

It’s going to be a tough slog to get rid of Obama and clean up this mess if this is representative of the American public. On the bright side... you’ve got to be a committed idiot to comment, because you have to be registered for the site. Who but a committed liberal would register for the NYT website?


8 posted on 08/07/2011 11:11:46 AM PDT by Pearls Before Swine
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Obammy can propose all he wants.
Congress has the power of the purse and me thinks the congress is about done giving obammy money to give to his union budds.


9 posted on 08/07/2011 11:11:46 AM PDT by Joe Boucher ((FUBO) Don't trust the F.B.I.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Only The Slimes could turn *not raising taxes* into *costing us*!


10 posted on 08/07/2011 11:12:54 AM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Obammy can propose all he wants.
Congress has the power of the purse and me thinks the congress is about done giving obammy money to give to his union budds.


11 posted on 08/07/2011 11:13:56 AM PDT by Joe Boucher ((FUBO) Don't trust the F.B.I. the C.I.A. and specially the B.A.T.F.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
the deficit-cutting “super-committee” who might entertain the idea of raising taxes.

Trying to balance the budget by means of raising taxes is destructive of saving and capital formation to the degree that the additional taxes fall on saving and productive expenditure. Ironically, it is precisely taxes that fall heavily on saving and productive expenditure that today;s advocates of balancing the budget through tax increases favor. The taxes they wish to increase are precisely those which land on corporations and the so-called rich,.

12 posted on 08/07/2011 11:15:17 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Can we get a law passed that states “If you don’t pay income taxes personally you cannot be asked your opinion on the level of taxation for other tax paying citizens.”

When four non-tax paying persons vote to take the wealth of the fifth - we have fallen under the rule of the mob. We are no longer a legitimate democracy, we are a kleptocracy. America will fail, the socialists will run out of other peoples’ money and they will do what they did through out history and that is confiscate other people’s property. Once that happens the productive class will be arrested or shot and their nations will become useless hell holes - Soviet Union, Cuba, North Korea, Eastern Europe - all take a bow..


13 posted on 08/07/2011 11:17:35 AM PDT by Titus-Maximus (Light from Light)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Can we get a law passed that states “If you don’t pay income taxes personally you cannot be asked your opinion on the level of taxation for other tax paying citizens.”

When four non-tax paying persons vote to take the wealth of the fifth - we have fallen under the rule of the mob. We are no longer a legitimate democracy, we are a kleptocracy. America will fail, the socialists will run out of other peoples’ money and they will do what they did through out history and that is confiscate other people’s property. Once that happens the productive class will be arrested or shot and their nations will become useless hell holes - Soviet Union, Cuba, North Korea, Eastern Europe - all take a bow..


14 posted on 08/07/2011 11:18:48 AM PDT by Titus-Maximus (Light from Light)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Pull the triggers...

I want to see the Kenyan lizard cut entitlements and defense just to watch him die. (apologies to Johnny Cash)


15 posted on 08/07/2011 11:22:53 AM PDT by y6162
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Pull the triggers...

I want to see the Kenyan lizard cut entitlements and defense just to watch him die. (apologies to Johnny Cash)


16 posted on 08/07/2011 11:23:11 AM PDT by y6162
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
The NY Times editorial board writers have maneuvered themselves into a large boat in a fast flowing river, with no engines or paddles, and a 400 foot waterfall straight ahead. Gentlemen/Ladies, enjoy the ride.
17 posted on 08/07/2011 11:28:28 AM PDT by JPG (Yes She Can!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

What bilge. I suppose this a sample of the full-tilt marxist propaganda we can expect between now and Nov. 2012. I can’t wait to see what the times editors write after the stock market continues to collapse this week.


18 posted on 08/07/2011 11:29:49 AM PDT by matt1234 (ObamaCare: Killing mommies for commies.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pearls Before Swine
“The most frightening thing about this article is the comments, which are 95% in favor of Democrat policies”

The NYT is the equivalent of the Communist Manifesto, only Dems hang out on that website, hence I'm surprised anyone was against what the Times says.

19 posted on 08/07/2011 11:36:56 AM PDT by DAC21
[ Post Reply | Private Reply | To 8 | View Replies]

To: DAC21

I wish I had the YouTube of Obama in 2007. Some courageous interviewer pressed Obama hard on the progressive tax structure and how come Reagan got more revenues out of lower tax rates. Obama thrown off his talking points and has a “Spread the wealth” moment, he in his pissy tone fired back, veins popping..”Well it’s not about revenues it’s about fundamental fairness.”. See there you have it, Liberals want and do use the tax code to punish and instigate social unrest. If the Old Grey Lady was interested in “Fairness” they would advocate a flat tax. But see they will never do that, they use language deviously. If you couched their philosophy as “Well we think the rich should carry the poor in perpetuity, that theft if it done by the state is moral…” they would be out of business tomorrow. But the way liberals word things the average union blue collar slob or black urban vampire just laps it up. Next to sex, the urge to steal from ones neighbor for your own enrichment is a tough sin to intellectualize out of people.


20 posted on 08/07/2011 11:41:03 AM PDT by pburgh01
[ Post Reply | Private Reply | To 19 | View Replies]

To: SeekAndFind

It’s a dumb editorial. Why not suggest that the 51 percent of folks who PAY NO INCOME TAXES pay a little something?


21 posted on 08/07/2011 11:44:01 AM PDT by JoeGar
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Letting all of the cuts expire at the end of 2012 would save $3.8 trillion over the next decade. Letting the tax cuts expire for those making more than $250,000 would save $700 billion.

Well now, that's interesting. Obviously the burden isn't going to fall just on the rich (income > $250K).

The middle class is going to provide most of the "increased revenue".

Somebody's lying about who principally bears the burden.

22 posted on 08/07/2011 11:44:27 AM PDT by Ole Okie (!!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

Cut the power to the Slimes building. Let them go green and do a self sustatinability check.


23 posted on 08/07/2011 11:47:37 AM PDT by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Increases in taxes and regulations are anti-business/anti-job creation. Elimination of regulatory burden and the shift of public benefits onto the shoulders of business (health care), reduction in taxation and tort reform will stimulate the economy and create jobs. Why is that so hard to understand? Increase freedom and you stimulate innovation, entrepreneurism, investment and job creation.

We are now caught in a cycle of tax, regulate and spend that has our economy “circling the porcelain convenience.”

24 posted on 08/07/2011 11:50:22 AM PDT by marsh2
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Those Slimes editorial writers are so predictable.

I guess that while hanging out in the Hamptons, they don't have much time to devote to their craft except to drag out the old arguments for another chase around the echo chamber.

25 posted on 08/07/2011 11:50:49 AM PDT by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer

IBD Editorials

Viewpoint

Brokest Nation In History On Edge Of Armageddon

By MARK STEYN Posted 08/05/2011 06:46 PM ET

On Thursday, in honor of Barack Obama’s 50th birthday, the Dow dropped 10 points for every year he has walked among us. It was the ninth-largest drop in history. We should be relieved he wasn’t turning 80.

The markets are apparently concerned that the entire global economy might be “stalling.” You don’t say? Observant fellows, these market chappies.

http://www.investors.com/NewsAndAnalysis/Article/580677/201108051846/Brokest-Nation-In-History-On-Edge-Of-Armageddon.htm


26 posted on 08/07/2011 11:54:32 AM PDT by KeyLargo
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

The Republicans have been pathetically quiet defending themselves and attacking Obama since the debt deal.


27 posted on 08/07/2011 11:55:10 AM PDT by rjeffries
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
"The Times Urges Obama to Fight for Tax Increases"

Me too! You can't beat that message during a campaign.

Listen to the NYT 0! This is a Sure Fire Winner if there ever was one.

Really hammer away at your plan to raise taxes-people can't get enough of that sort of thing.

28 posted on 08/07/2011 11:57:00 AM PDT by skimbell
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
And while “no new taxes” pledges are almost always big political winners, Americans are also figuring out that the country cannot keep on this way.

So, you admit it, but kvetch about it anyway?

"The country cannot keep on this way": that's why we demanded cuts to vote-buying programs, which the Freebies For Feckless Freeloaders Party (The 4-F Party) was unwilling to make.

29 posted on 08/07/2011 12:23:50 PM PDT by ApplegateRanch ("Public service" does NOT mean servicing the people, like a bull among heifers.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer; All

The Gay Mafia at the New York Times, and gays in the media had the electorate CLAMORING for an unknown candidate with a questionable background for President, and ANYONE who didn’t support was obviously a racist.

What makes you think they can’t make those very same sheeple clamor for tax increases to “Save” them for those evil republican Tea Partiers?


30 posted on 08/07/2011 12:29:04 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: mjp; SeekAndFind
The taxes they wish to increase are precisely those which land on corporations and the so-called rich,.

If only we could double or triple the tax rates of ONLY those corporations that ONLY (well, primarily) sell to the 40+% who don't pay fed income taxes....

31 posted on 08/07/2011 12:31:42 PM PDT by ApplegateRanch ("Public service" does NOT mean servicing the people, like a bull among heifers.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

Item for tax increase Democrats to dispute as they plan more private sector damage;

The Macroeconomic Effects of Tax Changes
By Christina D. Romer and David H. Romer
http://emlab.berkeley.edu/users/dromer/papers/RomerandRomerAERJune2010.pdf

“Our baseline specification implies that an exogenous tax increase of 1% of GDP lowers real GDP by almost 3%”

[exogenous-means caused or produced externally(by Democrats and RINO’s)]


32 posted on 08/07/2011 12:35:19 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

So the Old Gray Crack Whore is now calling for Obama to raise taxes on the middle and upper middle class. That is what they are calling for if they want to make a dent in the debt. If all income on those above $1 Million were confiscated, it would amount to less than $2 Trillion.

Try this for 10 years and see where in the hell that gets you OGCW! The liberals are gonna be like a bunch of sugared-up, dead-tired two year olds when this happens. It will be very nasty dealing with them.


33 posted on 08/07/2011 12:36:04 PM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Author of this screed=Communist Rat Bastard

FMCDH(BITS)

34 posted on 08/07/2011 1:27:08 PM PDT by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

35 posted on 08/07/2011 1:54:24 PM PDT by CharlesMartelsGhost
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson