AP: Attacks from right take toll on Obama's tax plan - Polidicks

Those earmarks and pork are a part of the runaway spending and the Main part of my complaint. Oh and Lambeth, encouraging businesses to hire regardless of current employment status would help more then all that proposed spending.

[QUOTE=Glaber;26721911]Those earmarks and pork are a part of the runaway spending and the Main part of my complaint.[/QUOTE] Yes. I agree. What we seem to disagree on (again) is what constitutes these things. e: [quote]Oh and Lambeth, encouraging businesses to hire regardless of current employment status would help more then all that proposed spending. [/quote] Hoe would they even go about doing this?

[quote]* $1 million for peanut research in Athens and Tifton, Georgia;[/quote] One million dollars for... peanuts? Wtf? They must snack a ton when no one is looking.

It doesn't seem as bad as the defense budget.

[quote]While fully funding Obamacare and earmarks, the Senate once again failed to find to room to adequately fund defense. This risks leaving our troops ill prepared to defend the nation at home and abroad[/quote]Are you fucking kidding me? The total of all those listed is 12,775,000, or .0019% of the money spent on defense. Fucking idiots actually think 12,775,000 is a lot of money to the government. Keep in mind that this means that it was .000536% of the entire revenue of the federal government alone or .000359% of total spending of the federal government.

Tax cuts here, tax cuts there. HOW DO YOU RUN A COUNTRY WITH NO REVENUE? Use this? [img]http://montaraventures.com/blog/wp-content/2009/02/monopoly-money1.jpg[/img]

[quote]The new reproach from conservatives is that the package would swell the federal debt while failing to make permanent the tax cuts enacted in 2001 and 2003 by then-President George W. Bush.[/quote] Are you fucking kidding me? What magical fairyland place do these people live in where they think tax cuts are free? Where were you people when the tax cuts racked up the deficit for the last eight years?

[QUOTE=Used Car Salesman;26722148]Are you fucking kidding me? What magical fairyland place do these people live in where they think tax cuts are free? Where were you people when the tax cuts racked up the deficit for the last eight years?[/QUOTE] Pretty much every single economist in the country and the Congressional Budget Office have stated that an extension of the tax cuts for everyone would add more than 3 trillion to our debt over the next 10 years and have, along with the Iraq and Afghanistan wars, been mostly responsible for our spiraling debt. [editline]15th December 2010[/editline] So have the Deutsche Bank and Congressional Research Service. If it is only extended to the bottom 98%, the debt would be 2 trillion over that same period.

[QUOTE=Jon-Ace;26722096]Tax cuts here, tax cuts there. HOW DO YOU RUN A COUNTRY WITH NO REVENUE? Use this? [img_thumb]http://montaraventures.com/blog/wp-content/2009/02/monopoly-money1.jpg[/img_thumb][/QUOTE] Uh, HELLO! Tax cuts don't mean getting rid of all taxes. It means the government reducing how much you pay in taxes. It's like a price drop. [QUOTE=Used Car Salesman;26722148]Are you fucking kidding me? What magical fairyland place do these people live in where they think tax cuts are free? Where were you people when the tax cuts racked up the deficit for the last eight years?[/QUOTE] 2 years ago: Protesting all the spending caused by all the pork, earmarks, TARP, and the "stimulus". Oh, and by the time we started, they weren't cuts anymore, they were the current tax rates. [QUOTE=RBM11;26722283]Pretty much every single economist in the country and the Congressional Budget Office have stated that an extension of the tax cuts for everyone would add more than 3 trillion to our debt over the next 10 years and have, along with the Iraq and Afghanistan wars, been mostly responsible for our spiraling debt. [editline]15th December 2010[/editline] So have the Deutsche Bank and Congressional Research Service. If it is only extended to the bottom 98%, the debt would be 2 trillion over that same period.[/QUOTE] I think they took the current spending rate into account for those numbers.

[QUOTE=Glaber;26722466] Oh, and by the time we started, they weren't cuts anymore, they were the current tax rates.[/QUOTE] what you mean the bush tax cuts?

[QUOTE=Glaber;26722466]Uh, HELLO! Tax cuts don't mean getting rid of all taxes. It means reducing how much you pay in taxes. It's like a price drop. [/QUOTE] Price cuts are done for marketing reasons, usually the items that have dropped in price are still worth more than the price the retailer paid for them, it's just that the retailer wants the items sold faster. However, cutting income tax is just making the US more broke than it already is. So it's not like a price cut at all.

Yes, those cuts became the current tax rates we pay today. If the current rates aren't extended, we all would have to pay more starting in about 16 days.

[QUOTE=Xen Tricks;26720293]Maybe we'd be less in debt if we didn't constantly cut taxes. You know, just a thought.[/QUOTE] Yeah it couldn't be the trillions upon trillions of dollars spent by our govenment. I'm sure it was a slight tax cut to a certain percentage of Americans. In case you didn't notice, that was sarcasm.

Just thought I might drop this off here: [url]http://www.businesspundit.com/12-countries-with-the-highest-lowest-tax-rates/[/url] [url]http://mjperry.blogspot.com/2008/04/101-countries-have-lower-total-tax-rate.html[/url](how the fuck did I miss this going against my point. Regardless, there are still 76 countries with higher rates) [url]http://en.wikipedia.org/wiki/Tax_rates_around_the_world[/url] e: [QUOTE=Meller Yeller;26722644]Yeah it couldn't be the stimulus and other trillion dollar things passed that had little to no effect. I'm sure it was a slight tax cut to a certain percentage of Americans. In case you didn't notice, that was sarcasm.[/QUOTE] "Less in debt" Also that tax cut to a "certain percentage of americans" was to the richest americans, the ones that would pay the most taxes.

[QUOTE=Glaber;26722643]Yes, those cuts became the current tax rates we pay today. If the current rates aren't extended, we all would have to pay more starting in about 16 days.[/QUOTE] Which is fair. [editline]15th December 2010[/editline] [QUOTE=Meller Yeller;26722644]Yeah it couldn't be the trillions upon trillions of dollars spent by our govenment. I'm sure it was a slight tax cut to a certain percentage of Americans. In case you didn't notice, that was sarcasm.[/QUOTE] Except the top income people have the most wealth, taxing them more brings in tons of money. [editline]15th December 2010[/editline] It's so true it's redundant!

Well no matter how much revenue you get from taxes, if you SPEND more than you're making from that you're gonna have debt. Like I said, there was more wasted money than you could imagine and this huge debt is a result of that. If all that money hadn't been wasted, they would've came out fine or at least quite a bit better WITH the tax cuts. I agree that tax cuts to wealthy americans definitely doesn't help but the money that was spent played a much bigger part and the incredibly low approval ratings throughout reflected that. Wow I just said the same thing like four times so hopefully one of those will sink in.

And your point being, Xen? Edit: Xen, your first link isn't really helping either. [Quote=12 Countries With The Highest & Lowest Tax Rates]The United States is still relatively tax-friendly, with a marginal tax rate of around 27% on average income workers. As the world’s largest economy by far, the economic vitality and high standards of living in the U.S. speak for themselves. The United States boasts the 6th highest GPD per capita in the world at $47,440 and serves, in the words of Wikipedia, as “the epicenter of world trade.” Total GDP stood at over $14 trillion for 2008, which is more than three times that of the world’s second largest economy (Japan). American citizens also have the highest income per hour worked of any nation surveyed. By any objective measure, the United States and its relatively low tax rates offer the best of both worlds — reasonable social safety nets, and extraordinary economic capacity stemming from essentially free market policies. The standard of living in the US is evidenced by consistently being the most immigrated-to nation on earth — 38,355,000 immigrants currently call the US home, more than double that of Russia, which is second on the list.[/quote] Source: [url]http://www.businesspundit.com/12-countries-with-the-highest-lowest-tax-rates/[/url]

man you're preaching to the choir here. I agree with you that spending needs to be cut but we disagree on where.

[QUOTE=Glaber;26723019]And your point being, Xen? Edit: Xen, your first link isn't really helping either.[/QUOTE] That you lose a lot of additional revenue by cutting taxes on the wealthy. Also it's my second link that's shitty, my first backs up my point.

Check the quoted post again, I just updated it with a Quote on the US from your first link.

[QUOTE=Glaber;26723432]Check the quoted post again, I just updated it with a Quote on the US from your first link.[/QUOTE] The (subjective) quality of the US doesn't have much to do with the debt, now does it? I'm just saying we have a low tax rate comparably.