Posted on 12/06/2011 6:35:47 AM PST by Vintage Freeper
Last week, the Senate rejected proposals by both Democrats and Republicans to pay for an extension of the 2 percent temporary payroll tax cut enacted a year ago. The Democratic plan to finance it with a 3.25 percent surtax on millionaires garnered significantly more votes than the Republican plan to cut the number of federal jobs and freeze the pay of federal workers. (Snip)
Republicans like to pretend that cutting spending is economically costless, even stimulative, whereas raising taxes in any way whatsoever is so economically debilitating that it dare not be contemplated. This view is complete nonsense. (Snip)
Careful studies by the Congressional Budget Office and others show that certain spending programs are highly stimulative, whereas tax cuts provide very little bang for the buck.
(Excerpt) Read more at finance.yahoo.com ...
oh sure, you’ll “punish the GOP” by voting democrat or not voting or voting “independent” ....
that will show them! and think about how much lower your taxes will be
If $50K is rich
maybe I want to go Galt and make $40K and keep more of it and work less for it
The Republican plan to pay for it is to cut the number of federal jobs and freeze the pay of federal workers.
The Dems’ refuse to do that so it is “substantially because of the GOP”?
Only if the media convince people that it is!
Well, I agree the lying media will make it the R’s fault because they didn’t do what the D’s wanted- but the media always do.
And that is the real problem you are speaking of.
“The Democrats are the best at framing the arguments. The American Voter do not understand the historical consequences of collectivism. “
You’re not thinking like an independent voter. You’re getting all whipped up about the big picture. I posted it once, it’s a fact:
All politics is local, the only economy that matters is the individual’s own economy.
It’s not collectivism, socialism, or communism. It’s simply a working class person seeing the GOP go to the matt to stop taxes on the wealthy, while essentially doing nothing to stop, (even enabling), an increase on the workers.
That is how it looks, and that is how the Democrats will play it. The GOP will be punished if the payroll tax goes up.
The government can't raise taxes on the rich, only on the middle class. I know - I'm what the far left calls "rich". When my taxes go up, I raise what I charge (I can because my competitors raise their rates too) so that the entire tax increase is passed on to my customers, and my customers pay what I ask and pass it on to their customers. Raise taxes on your doctor, and your medical rates go up, so medical insurance costs rise. Raise taxes on the lawyers, and they charge more, and their customers (the grocery store being sued in yet another frivolous slip-fall, and the other businesses we all visit) pass the higher costs on to us. In the end, the middle class pays for all tax increases, but the politicians like to lie and pretend it's only "the rich".
The sad thing is that, because voters think it's money from "the rich" that is being wasted by Washington, they don't mind the reckless spending as much as they would if they understood it is their money that is being wasted. The "tax the rich" philosophy of the far left is immoral both because it is based on envy and because it is harmful to everyone, including to those the leftists claim to care about.
I always thought raising taxes on the wealthy was a folly. But, seeing as how rich liberals seem to be pushing it and seeing as how the same rich lib’s control the media and rich Repub’s dont seem to be doing anything about it except for Rupert Murdoch maybe they deserve to pay more. Maybe that will wake up our 1% since they only seem to be concerened about thier own tax loopholes.
Only if Republicans remain true to their prior form.
But in truth, this is the illusive golden goose Republicans have never been able to see, even though it has always been right in front of their eyes. This is the:
they have always sought. This is the way to completely end the entitlements.
Yep. Taxes are only and always paid by the economically weak.
Like ‘you-know-what’ flows downhill.
Apart from the men and women who wear the uniform, how many federal employees are actually needed?
It's a pure guess on my part, but if the government were limited to its actual Constitutional functions, apart from the military, I would guess the reduction could easily, and safely, be at least a ninety percent reduction.
You're arguing for the class warfare approach. I'm putting in 70 hour weeks. I consider myself a "working person" with that level of effort. I receive compensation that you might label "rich". I would argue that "working people" in your context is the low wage earners and union types. The same folks that are flopped on the couch drinking beer and watching football games while I'm still at the office. Why should I get screwed out of even higher taxes to subsidize the slothful that won't work more than 40 hours a week, but want all the perks that come with my level of effort? If taxation removes the incentive to work harder, I know where to find the beer and TV.
“You’re arguing for the class warfare approach. I’m putting in 70 hour weeks. I consider myself a “working person” with that level of effort.”
And you’re being dismissive. Figuring anyone who isn’t at your income level is some sort of sloth. I am not in the wealthy category, but definitely not poor, and not union.
Letting me keep a little more of my money drives the economy. I do spend money. I freely admit, I’m not a job creator. But the job creators seem to have focused their efforts on China and India.
Yeah, I’ll admit, it chaps my behind that they want to fight like heck to avoid taxes on the wealthy, but when it comes to raising MY taxes. No problem.
It is the "wealthy" aka small business owners who will be hit with these tax hikes. They are also the employers. They will do what is necessary to survive. Higher taxes means they have less money to spend on labor and their customers have less disposable income to spend on their products. More people will be put on the streets with no pay check. It's a stupid way to run a country.
A permanent tax on a **temporary** payroll tax cut.
How’s that for progressive logic?.
“It’s a stupid way to run a country.”
Which brings us back to my original point.
We agree taxes are bad, the government wastes far more than it uses for anything worthwhile. The problem is, the GOP has made a production of fighting taxes on the wealthy. But, in this instance, when the taxes will hit the rest of us, the GOP is rolling over.
Bottom line, they’ll fight for the wealthy, but not for me. Right?
independents vote for whoever makes them the best deal. They ask, ‘What have you done for me lately?’
That’s why this country is lost. Reasonable, rational policies are lost in the Dems’ ‘10 minutes of hate’.
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