Skip to comments.Just so we’re clear, we all understand these tax hikes would accomplish zilch, right?
Posted on 11/13/2012 12:22:06 PM PST by SeekAndFind
And I quote:
But as Ive said before, we cant just cut our way to prosperity. If were serious about reducing the deficit, we have to combine spending cuts with revenue. And that means asking the wealthiest Americans to pay a little more in taxes. ... Thats how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. ...
Now, already, Ive put forward a detailed plan that allows us to make these investments while reducing our deficit by $4 trillion over the next decade. I want to be clear: Im not wedded to every detail of my plan. Im open to compromise. Im open to new ideas. Im committed to solving our fiscal challenges.
But I refuse to accept any approach that isnt balanced. I am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 arent asked to pay a dime more in taxes.
Yes, by all means, let's be serious --- and acknowledge that tax hikes on the wealthiest among us is not going to accomplish anything even remotely meaningful in terms of long-term deficit reduction. Talking about how expensive the two wars have been and ginning up populist resentments (Obama likes to add the “rich people like me” bit to fend off claims of class-warmongering, but the “fairness” implication is of course still there) while consistently failing to produce any concrete plans except on how the government can spend more money, is not a solution. The hit on economic growth that will come at the cost of steepening our already graduated income tax is a much less effective way of increasing revenue than the lowered taxes that would allow the economy to grow at a more robust rate and bring more people into the middle and upper tax brackets (and with the president’s proposed arrangements, we can count on more of the same economic stagnation that only adds people to the food stamp/unemployment benefits/etcetera welfare rolls and deepens our fiscal woe).
As Conn Carroll aptly reminds us, sure, the Congressional Budget Office has projected that allowing the Bush tax cuts to expire for the wealthy could bring in as much as $824 billion over ten years (which, given that it’s from the CBO, I’d wager is a somewhat rosy estimate). But when you put that in the context of, oh yeah, Obama’s been running up trillion-dollar deficits every year of his presidency, you can see what a hugely insurmountable problem this is.
I merely highlight this all again because this is what the lame-duck Congress that reconvened today has already started fighting about. President Obama can certainly talk a good game about being open to entitlement reform and compromise, rabble rabble rabble, but his declaration that “we cannot cut our way to prosperity” is just plain wrong. We can, and we should cut our way to prosperity — not because we want to take benefits away from people who currently need them, but because we want to create opportunities for people so that they don’t need those benefits anymore. This pattern of insanely frivolous government spending, as if the Obama administration somehow knows how to spend and allocate our money better than we do in bringing about economic growth, is not the answer.
But no matter, it’s all going to be pinned on those dastardly Republicans, no matter what happens. Oof.
On the contrary, I see 20 million more people on food stamps and 5 million more on TANF.
A Dime of Taxes on the Rich
For every Dollar of Deficit.
That’s 0bama’s “Plan”.
They will accelerate the demise of America.
That’s not “zilch”!
Zilch? Naaa...it does accomplish something—the demise of the country. That’s the plan.
Here is what it accomplishes...
lower income peoples tax rates will jump the highest percentage, with a slew of people that were previously paying nothing now paying something...
and most of these were hard core fubo voters...
let them eat cake
Screw the government. It’s plenty big enough to fail. In fact, it has already failed. Thank God we can easily build a new government by simply abiding by the founding principles and the constitution!!
It boils down to this
The more Obama gets, the more he will spend.
Not one penny will go toward the debt.
Tax hikes are now necessary to demonstrate to the voting majority that elections have consequences. Republicans' should allow all of the Bush tax cuts to expire. They were only tax cuts for the wealthy according to Democrats for the past 12 years. Republicans don't have to lift a finger, just let them expire. Respond to each attack with, "we were told by Democrats that they were tax cuts for the rich" then say no more.
ANYONE CARE TO GUESS HOW MANY PEOPLE HAVE BEEN FIRED/LAID OFF SINCE LAST WEEK ?
The author is assuming that taxes are about revenue and funding government programs.
While this may be partially true for a Republican, for a democrat funding the government come in a very distant third to controlling people’s behavior and punishing political enemies.
The tax increases will accomplish one thing.
They will make things worse than they are now.............
“The tax increases will accomplish one thing.
They will make things worse than they are now............”
Many companies are already letting people go.
I don't need to guess, here's a low ball HARD number:
Since the election:
(Updated 11/13/12 at 11:30 AM PST)
|Organization||# Laid off||Running total||Sector||Notes|
|Art Gallery of Windsor||12||1256||Art Gallery||Canada|
|Associated Milk Producers Inc||130||1386||Agriculture|
|Atlantic Lotto Corp||16||1574||Gaming|
|Bartikowsky Jewelers||25||1599||Retail||Business closure|
|Brake Parts LLC||75||1681||Automotive|
|Career Education Corp||900||3060||Education|
|Center for Hospice and Palliative Care||40||3200||Health|
|Commerzbank AG||6000||10500||Finacial Services||Cuts in Germany|
|Community Newspaper Holdings Inc||21||10521||Media|
|Crouse Hospital Syracuse||70||11286||Health|
|Dana Holding Corp||7||11310||Automotive|
|dapd||100||11410||Media||Cuts in Gemany|
|DuPont||64||11474||Defense||Kevlar/Nomex plant. Planning 1500 layoffs 2013.|
|Ericsson||1550||14524||Consumer Electronics||Cuts in Sweden|
|Gameforge Berlin||20||14694||Online Games||Cuts in Germany|
|Glenn Falls Hospital||29||14723||Health|
|Hill-Rom||200||15950||Med Eq/Dev Mfg|
|Husqvarna||600||17177||Tools||Cuts in Sweden|
|Iberia||7000||24177||Airline||Cuts in Spain|
|Iron Range||4||26531||Non-profit||Battered women|
|Lightyear Network Solutions||14||26972||Software/internet|
|Lower Bucks Hospital||30||27002||Health|
|Lulu||9||27011||Publishing||More to come|
|Majestic Star Cassino||80||27091||Entertainment|
|Medtronic||500||27591||Med Eq/Dev Mfg|
|Mississippi County AR||12||27671||Government|
|Momentive Performance Materials||150||27821||Chemicals|
|Murray Energy Corporation||48||27869||Energy|
|Penn Refrigeration||40||28584||Commercial Service|
|Pratt & Whitney Rockedyne||100||28750||Aerospace|
|Research in Motion||200||28973||Consumer Electronics|
|SAS||6000||34973||Airline||Cuts in Scandinavian countries|
|Smith & Nephew||104||35077||Med Eq/Dev Mfg|
|SRA International||222||35314||IT Federal contractor|
|St Jude Medical||300||35614||Health|
|Stryker||96||35710||Med Eq/Dev Mfg|
|Sun Media - newspaper div||500||36210||Media|
|Teco Coal Corporation||90||36920||Energy|
|The Commercial Appeal||11||36931||Media|
|TMX Group, Ltd.||100||37031||Finacial Services||Cuts in Canada|
|Umatilla Chemical Depot||34||38133||Defense|
|Welch Allyn||275||41510||Med Eq Mfg|
|West Ridge Mine||102||41612||Energy|
|Westinghouse||17||41629||Hi Tech Services|
|Wingspan Portfolio Advisors||459||42138||Finacial Services|
|Yakima Regional Medical Center||10||42263||Health|
Layoffs without exact number specified
|Organization||% Laid off||# Affected||Sector||Notes|
|Boeing Defense, Space & Security||30||Defense||Executive Staff|
|Dana||Automotive||"A large number"|
|Slidell, LA||Government||"Will try to spread equally"|
|Standard Bank Group||10||Banking||London|
|United Blood Services||10||Health||All staff|
Worker Reduction In Scheduled Time (to below ObamaCare threshold)
|Organization||% WRIST||# Affected||Sector||Notes|
|Darden Restaurants||Food service|
|JANCOA Janitorial Services||Janitorial Service|
|Papa John's||Food service|
Those evil bastards trying to avoid their patriotic duty to pay as much taxes as the Government demands! Greedy corporations trying to maximize their profits for the shareholders! They didn’t build that! There is a road or a bridge somewhere near their locations that allowed them to make a profit on the backs of the poor and disadvantaged!................[oops! sorry, must have had a liberal flashback from my youth]..........
1) Revenge/punishment against the wealthy. One of the fundamental (false) beliefs of the Left is that the wealthy become that way by cheating and/or stealing it. Therefore wealth deserves punishment. (Rich Leftists are exempted, of course.)
2) The Chosen One is seen "doing something" about the economy. Once that "something" fails, all that's left is to claim that greedy capitalists are even worse than originally thought, so more severe actions are called for.
I’m all for going over the cliff and sequestration. Let all those single Obama voters making 75K to 199K learn how much money mean old George Bush actually saved them. This will also include Trumka’s union members and their working wives who will also be reintroduced to the marriage penalty. The sequestration will cut some goodies to the lower classes but it will cause massive layoffs in the evil military industrial complex that the lefties so despise. They’ll just have to explain to the int’l brotherhood of machinists and the int’l brotherhood of aerospace workers why they no longer have jobs. With cap gains back to Clinton levels, investment will dry up. Home sales will be curtailed. new home starts will fall sharply. The Dems won’t be able to complain about fairness because we’ll be returning to the tax structure of the beloved Saint Bill. How could the dems protest a return to the golden days of Clintonomics? All the GOP has to do is do nothing in the House and publicly announce that they are willing to return to the Clinton tax structure of the 90s. Keep putting Clinton’s name in every speech, interview, and press release. Run vids of Charlie rangel and other Dems whooping it up on the floor when Clinton’s taxes passed 20 years ago.Call Reid’s bluff. Call Barky’s bluff. Let’s go over the cliff.
Im all for going over the cliff and sequestration. Let all those single Obama voters making 75K to 199K learn how much money mean old George Bush actually saved them.
That sounds great but is actually want the kenyan wants. He wants those tax increases on the middle class AND to blame it on the GOP. Don’t give him what he wants.
Better to go with the Obama Plan of taxing the “rich” only and pound the dims with it in 2014 when it fails.
I have given this topic some thought, and I see it this way. After increases in taxes on "the rich" fail to change anything in the economy, Obama will then
admonish the rest of the country like this:
The wealthy have rolled up their sleeves and are paying more...now, it's only fair to ask the rest of you to pay your fair share too. We're all in this together. So I'm proposing a "modest" increase of...on the middle class.
That’s why I say to keep haroing on the return to Clintonomics. Don’t let an interview or comment pass without calling Bubba’s name. How can they call it unfair when its godfather is the living saint of the party. Tie Bubba to the fiscal cliff and he’ll drag the Dems over with him. And don’t think Bubba for one second will say he was wrong in 93.
That’s why I say to keep harping on the return to Clintonomics. Don’t let an interview or comment pass without calling Bubba’s name. How can they call it unfair when its godfather is the living saint of the party. Tie Bubba to the fiscal cliff and he’ll drag the Dems over with him. And don’t think Bubba for one second will say he was wrong in 93.
I CANNOT EVEN BEGIN TO TELL YOU HOW MANY PEOPLE I HAVE SPOKEN TO PERSONALLY OR HEARD ABOUT THAT HAVE BEEN LAID OFF AS A RESULT OF OBAMACARE IN THE LAST WEEK. He has driven a stake into the economic heart of this country and I believe he full well knows it and did so intentionally. This guy is not playing for our team folks. He may wear the same jersey but his pockets are lined by people betting against our team and the gimme gimme idiot electorate that voted for him can’t see it.