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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
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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
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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 (!!)
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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
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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
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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
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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
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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
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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
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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.)
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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!)
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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.)
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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)
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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
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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)
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To: SeekAndFind

35 posted on 08/07/2011 1:54:24 PM PDT by CharlesMartelsGhost
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