Posted on 08/12/2011 8:17:20 AM PDT by SeekAndFind
Mr. Camp has de=Camped.
Try it, turkey lips, and you’ll be ruled out the next election.
Relax - it’s the right thing to say at this point and there’s nothing wrong with “raising taxes” as long as it’s not done in a destructive way. So far the Republicans have done a pretty good job considering where they stand in congress and where they stand with the voters.
whatta bunch of liars.
the rinos are the enemies of the people they govern.
Our "true" tax rate should be around 1%, not 30%.
No more foreign aid and start shutting down government agencies.
It is not that difficult.
I think a lot of the renewed uncertainty came about beginning when that was passed.
Oh yeah, raising taxes will spur economic growth. Idiot.
The Republicans have sold us out. Thats clear. The country is lost. The only solution is Civil War II. Conservative against Liberal. Wipe the slate clean and start again with a limited government that our Founding Fathers would approve of.
I would draw everyone’s attention to the Rahn Curve. It shows that when government increases the marginal tax rate above 20% that people respond by earning less taxable income. Over time, federal tax revenues have run about 20% even when rates were far higher.
see: The Rahn Curve and the Growth-Maximizing Level of Government
http://www.youtube.com/watch?v=uj6lRFXC5rA
And then there is this:
“In 2008 about 320,000 Americans reported income of more than $1 million, or about 0.3% of all income tax returns. They paid about $250 billion in taxes that year. Mr. Conrad is going to get nearly $2 trillion more from them without damaging the economy? That should be some trick. ”
From the article, Conrad Wants $2 Trillion , on Senator Kent Conrad’s budget and tax ideas, from the WSJ, July 11, 2011.
Both of these citations show that anyone who is proposing a federal budget that includes an increase in the marginal tax rates cannot count on government actually realizing any higher revenues from that increase. Any projections based on increased taxes will be unrealized. Further, there are just not sufficient levels of income to tax. This means that the federal government MUST base a rational budget solely on cuts in spending. Any talk of “shared sacrifice” is vapid dreaming and we no longer have the prosperity and leeway to entertain liberals by giving in to their vapid dreams.
Of course, this is all apart from the issue that taxing the rich is just a thinly veiled form of petty coveting the wealth of others, and hoping to be able to get government to steal it from them (legally of course), so that there is more wealth to spread around on favorite programs. Never mind that the average government employee has a total compensation package of $123,049, as compared to the median household income of $52,029, at least according to USA Today and the US Bureau of the Census.
Its becoming increasingly clear that the largest difference between leftists & RINOs is their rhetoric.
As long as they raise taxes only on the people not paying any now, I am good with it.
Another typical Boner appointment.
You don’t win political battles by indicating a willingness to cave in before the debate even starts.
Does anyone hear the Democrats making nice with similar remarks about cutting off funding to NPR?
These meetings are going to be held behind closed doors. Just like ObamaCare. They need to be held in public and on CSpan. It would seem that since this is so important to the American people, they would have a right to know what is going on with our government. I may be wrong but it’s our country.
Yah, at this point I say give the democrats the tax hikes they screech about
Reduce depreciation on private jets, too many of them fly bigwigs to Vegas anyway (Harry Reid)
Hike the tax on hedge fund traders (Chuck Schumer’s donors)
Do away with deductions for charity, maybe it will cut into the party schedules of the Hollywood liberals and all those brain dead rich liberals in CT, NY, Chicag, LA and NJ that love obama enough to pay $35K to watch him take a squat
And go ahead and drop the mortgage deduction- someday my kids are going to rent our house from Fanny anyway
Rent ought to be pretty cheap after the housing market bellies up and sinks like a great white whale being harpooned too many times, by Cap’n Ahab Barky and his crew of democrats and RINO enablers
and Fanny can take over paying the property taxes, too, which just went up over 10%
“I don’t want to rule anything in or out,” Camp said.
O’really? How about automatic congressional pay raises?
Wasn’t the Super-Committee’s sole purpose is to identify spending cuts?
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.