The Buffett Rule/Student Loans/And the Deceitfulness of Obama

[nevergaveitathought]

the minimum tax rate of 30% on people with 1 million dollars or more of income which obama says is so crucial to his idea of fairness
would raise less money than his pandering to keeping student loan interest artificially low would cost

what is it with this dour, duplicitious, scheming, arrogant, inexperienced slight of a politician?

he carries envy in his mouth, trickery in his heart, venom toward americanism in his gut and lack of coherency in his brain.

[joe bloe]

I always thought the buffett rule was to not take more than you can eat

[nevergaveitathought]

Originally Posted by joe bloe

I always thought the buffett rule was to not take more than you can eat

ive referred to all you can eat buffets as "all you can stomach" places for they're not usually very good

[joe bloe]

Originally Posted by nevergaveitathought

ive referred to all you can eat buffets as "all you can stomach" places for they're not usually very good

I'm half surprised the libs don't use the play on words to illustrate their notion that "at some point you've made enough money". As in don't take more than you need, pay your fair share, etc, etc.

[CJ7]

hard to imagine the world would end if Bush tax cuts were to sunset

http://www.taxfoundation.org/blog/show/22958.html

[CJ7]

NOOOOOOOOOOOOOO, not a 3% tax increase, I'll go bankrupt, screams the millionaire !!

Taxpayers with income of more than $1 million for 2011 would still receive on average a tax cut of about $6,300 compared with what they would have paid under rates in effect until 2001, according to the analysis, which was prepared by the Joint Committee on Taxation at the request of the Democratic majority on the House Ways and Means Committee.

That compares, however, with the roughly $100,000 average tax cut that households with more than $1 million in income would receive under current rates.
Filers with taxable income of $500,000 to $1 million would still get on average a tax cut of $6,700 compared with pre-2001 rates, according to the data from the tax analysts. But that compares with roughly $17,500 if the top Bush tax rates were maintained.

If the president gets his way, in 2011 the top two income tax rates — now 33 percent and 35 percent — would revert to the levels before the Bush administration, 36 percent and 39.6 percent, respectively. But the four lower rates would remain 10 percent, 15 percent, 25 percent and 28 percent. For some taxpayers earning up to $250,000, the top marginal rate would remain 33 percent.

[Whirlaway]

Cavalier attitude with other's money and labor...........

Do you understand that in many businesses (especially small business) a 3% hit to the bottom line can have adverse consequence in capital investment, hiring, and such.....and in many a 3% decline in profitabilty can be catastrophic. Especially in this shaky Obama economy.

[Laz]

Why is there such a focus on raising the top tax rate when it is clear that that alone has a minimal impact. When is Obama going to actually propse things that will make a difference. If he actually passed things that would address this massive overspending he might get people to agree on this increase in the top tax rate.

[Whirlaway]

[quote=CJ7;2452469....If the president gets his way, in 2011 the top two income tax rates — now 33 percent and 35 percent — would revert to the levels before the Bush administration, 36 percent and 39.6 percent, respectively. But the four lower rates would remain 10 percent, 15 percent, 25 percent and 28 percent. For some taxpayers earning up to $250,000, the top marginal rate would remain 33 percent.[/quote]


And what will Obama and the Democrats do with the revenue?

They won't pay down debt. They will piss it away on more federal spending. And we know what an inept administrator Obama has been with what he has already spent.

[CJ7]

Originally Posted by Laz

Why is there such a focus on raising the top tax rate when it is clear that that alone has a minimal impact. When is Obama going to actually propse things that will make a difference. If he actually passed things that would address this massive overspending he might get people to agree on this increase in the top tax rate.

he might?


funny thing, the republicans are on record signing the PLEDGE to never raise taxes ... not that Im for tax increases, but to simply cut spending wont help the economy. It will take both.

the right bitches about the economy and refuses to do what it would take to help fix it.

[CuteOldGuy]

If the Republicans had any brains, they would support the sunset of the Bush tax cuts. The overall effect will be nil, and it would take away an issue the Democrats can demagogue to death. I say, increase the taxes, watch nothing happen, and then try to do something that might work.

[Guest123018-4]

I have been asking them what "enough" is for about a week or so and the silence is deafening except for the babble of misdirection they attempt.
Like I said, their exalted leader the dog eater has said that at some point you made enough and I just want to know what that is so I can stop. I mean no sense in making more than enough just to have the government take it all away.
What happens if I have made enough but the people that work for me have not or the people working for me have made enough and I have not, I am in a quandary here. Do I let them all go to find another job so they can continue to make enough and I hire some that have not made enough if I can find them. this enough is all so difficult especially not knowing what enough is.

[CJ7]

Originally Posted by CuteOldGuy

If the Republicans had any brains, they would support the sunset of the Bush tax cuts. The overall effect will be nil, and it would take away an issue the Democrats can demagogue to death. I say, increase the taxes, watch nothing happen, and then try to do something that might work.

nil my Texas ass ... you need to get out more

[Laz]

Originally Posted by CuteOldGuy

If the Republicans had any brains, they would support the sunset of the Bush tax cuts. The overall effect will be nil, and it would take away an issue the Democrats can demagogue to death. I say, increase the taxes, watch nothing happen, and then try to do something that might work.

All the Bush tax cuts or just on those in the top tax bracket? I would agree but only as part of a package that included spending cuts. I do mean cuts not just reductions in increases.

[CuteOldGuy]

Cj7, I said let them expire and see what happens. I don't think it will make any difference. If it does, I will give you props. But it won't make any difference.