House passes new Buffett Rule - Polidicks

[QUOTE=PvtCupcakes;37731643]This is pretty stupid. Whatever, the Bush tax cuts are hopefully going to expire.[/QUOTE] Let's see if Obama extends them again or not... [editline]19th September 2012[/editline] [QUOTE=Mingebox;37731745]I think these theoretical rich people saying they think the rich should be taxed when they really don't only exist in the minds of Republicans wanting to write them off as hypocrites so they don't have to pay more taxes.[/QUOTE] It's called the Buffett rule because Warren Buffett said he wants to pay more in taxes, but can't for some reason. This is the House calling him on his bluff.

[QUOTE=Ridge;37731755] It's called the Buffett rule because Warren Buffett said he wants to pay more in taxes, but can't for some reason. This is the House calling him on his bluff.[/QUOTE] And if he does pay, they'll just go back to whatever arguments they were using before. It's nothing but a red herring.

[QUOTE=Mingebox;37731801]And if he does pay, they'll just go back to whatever arguments they were using before. It's nothing but a red herring.[/QUOTE] So the possibilities are: 1. Buffett doesn't pay up, and everyone gets to tell him to stfu and go back to his piles of cash, or 2. Buffett pays up, gets to feel good for himself, and there is more cash going to pay for Congress' next spending spree Win/win

[QUOTE=Ridge;37731872]So the possibilities are: 1. Buffett doesn't pay up, and everyone gets to tell him to stfu and go back to his piles of cash, or 2. Buffett pays up, gets to feel good for himself, and there is more cash going to pay for Congress' next spending spree Win/win[/QUOTE] More like he does pay up, and nothing happens because the point wasn't to have only a small faction of the rich pay more taxes?

Something useful actually happens in American politics? 2012 is coming true.

[QUOTE=Ridge;37731872]So the possibilities are: 1. Buffett doesn't pay up, and everyone gets to tell him to stfu and go back to his piles of cash, or 2. Buffett pays up, gets to feel good for himself, and there is more cash going to pay for Congress' next spending spree Win/win[/QUOTE] Let me modify that: 1. Streamlines part of government. Who doesn't want that? 2. Some of our debts will be payed off (money goes straight to paying off debt according to the article, not the general pool of Federal taxes). I mean, even if Warren Buffett is an asshole somebody will probably do this. 3. The tax code is still all kinds of fucked up. So that brings it up to Win/Win/NoChange. I'll still take that. [editline]19th September 2012[/editline] Although, really, the lack of change is still a negative. I want to see a good argument as to why taxing capital gains as income would be a bad thing. Don't even change the rate. Just tax all of a person's income.

Only thing I can think of that's wrong with the bill is that it might encourage Congress to become overly dependent on what essentially boils down to donations, which could end up coming back to hurt them if the donations trickle or stop. The tax problem still needs to be addressed, but still a step in a good direction.

[QUOTE=Ridge;37731872]So the possibilities are: 1. Buffett doesn't pay up, and everyone gets to tell him to stfu and go back to his piles of cash, or 2. Buffett pays up, gets to feel good for himself, and there is more cash going to pay for Congress' next spending spree Win/win[/QUOTE] Except that any effectiveness such a rule might have had goes out the window if it's voluntary. It was never about Warren Buffett getting to feel righteous or selfless.

It helps so it's something, granted a minimum [i]should[/i] be included. Maybe not 30% as originally proposed, but a 20 or 22% tax should be included to make it an actual rule. would be very fair in my opinion.

[QUOTE=legolover122;37730929]Awesome.[/QUOTE] uh no you could do that at any time already, and it's not effective

This is kinda' cool (assuming it's effective at all), but... [quote] to inflict more job-killing tax hikes on hard-working Americans[/quote] I am so fucking sick of hearing this goddamn bullshit line spouted every time someone drops the word "dollar" in a conversation on Capitol Hill.

I seriously came in here thinking they were regulating our delicious all-you-can-eat stations. I even read the article for a bit until I realized Buffet is spelled with 1 't'.

[QUOTE=Sand;37731098]Because they already pay their taxes dumbass[/QUOTE] less taxes than you actually.

Republicans: proposing and passing shitty and empty versions of Democrat Bills since 2008. Remember the Healthcare bill they proposed? Or the "Stimulus" they wanted? When was the last time Republicans were known for more than just social and civil rights abuses, or blocking Democrat Bills? [editline]20th September 2012[/editline] Every time Republicans propose or pass any legislation, it is always something dumb like this. Either something removing Obamacare, some new restriction on Abortion, or a Ron Paul Ryan inspired budget that cannot exist in the real world.

[QUOTE=person11;37733339]Republicans: proposing and passing shitty and empty versions of Democrat Bills since 2008. Remember the Healthcare bill they proposed? Or the "Stimulus" they wanted? When was the last time Republicans were known for more than just social and civil rights abuses, or blocking Democrat Bills? [editline]20th September 2012[/editline] Every time Republicans propose or pass any legislation, it is always something dumb like this. Either something removing Obamacare, some new restriction on Abortion, or a Ron Paul Ryan inspired budget that cannot exist in the real world.[/QUOTE] the wonders of a right-wing two-party democracy

Though in the past, both parties would propose Bills and work together to try to form a compromise. Now: Democrats propose x, Republicans call x Socialist, Unconstitutional, Job Killing, or discrimination against rich white males, Democrats pass x in Senate, but it is filibustered by Senate Republicans, Republicans write shitty, void, version of x, and pass it in the House Nothing happens x dies in Congress and never benefits anyone [editline]20th September 2012[/editline] Replace x with things like "The Jobs Act" or the "Buffet Rule" or "Any kind of Immigration Reform"

[QUOTE=person11;37733339]Republicans: proposing and passing shitty and empty versions of Democrat Bills since 2008. Remember the Healthcare bill they proposed? Or the "Stimulus" they wanted? When was the last time Republicans were known for more than just social and civil rights abuses, or blocking Democrat Bills? [editline]20th September 2012[/editline] Every time Republicans propose or pass any legislation, it is always something dumb like this. Either something removing Obamacare, some new restriction on Abortion, or a Ron Paul Ryan inspired budget that cannot exist in the real world.[/QUOTE] Do you even read the articles? [QUOTE]The bill, labeled the Buffett Rule Act, passed by voice vote, meaning Democrats and Republicans agreed with it.[/QUOTE]

The buffett rule wasn't supposed to be voluntary, so yeah it is a shitty republican version of it.

[QUOTE=PvtCupcakes;37735793]The buffett rule wasn't supposed to be voluntary, so yeah it is a shitty republican version of it.[/QUOTE] Better than nothing.

it is nothing.

[QUOTE=PvtCupcakes;37735830]it is nothing.[/QUOTE] It might be symbolic at best, but at least it will result in everybody shutting up about Buffett's bottomless charity if only the government would let him one way or another.

[QUOTE=prooboo;37731031]oh fuck you, republicans[/QUOTE] It's easy for people like Buffet to push for legislation when no reasonable taxation could ever harm their wealth. This law makes perfect sense to me.

[QUOTE=PvtCupcakes;37735830]it is nothing.[/QUOTE] I forgot, everyone wants it [I]all[/I] right [I]now[/I]. No patience, no steps toward a goal. Just instant satisfaction.

[QUOTE=Emperor Scorpious II;37735805]Better than nothing.[/QUOTE] I would say it's worse than nothing. It doesn't address any issues while giving the illusion of progress. This isn't a step forward, this is a way to [i]block[/i] steps forward under the illusion of compromise.

[QUOTE=yawmwen;37736110]I would say it's worse than nothing. It doesn't address any issues while giving the illusion of progress. This isn't a step forward, this is a way to [i]block[/i] steps forward under the illusion of compromise.[/QUOTE] I still can't see it that way. God, you guys finally get some form of a compromise and everyone [I]still[/I] bitches about it.

[QUOTE=Emperor Scorpious II;37736179]I still can't see it that way. God, you guys finally get some form of a compromise and everyone [I]still[/I] bitches about it.[/QUOTE] It's not a compromise, it just looks like a compromise. What the House has done was successfully disarm the people like Buffet who say that taxes should be higher.

Yeah, asking people to voluntarily pay more taxes? I wonder how much money THAT can raise! Call me dumb if you want, but I have not seen Republicans do anything productive besides blocking Democrat legislation since January 2009. [editline]20th September 2012[/editline] [QUOTE=Emperor Scorpious II;37736179]I still can't see it that way. God, you guys finally get some form of a compromise and everyone [I]still[/I] bitches about it.[/QUOTE] Come on. Even you have to see what the real purpose of this Bill is. This is not productive legislation, this is a useless compromise designed to make the real Buffet Rule (actual fair taxes) never happen. This is more like another attempt for the House to block any kind of important legislation.

[QUOTE] job-killing tax hikes[/QUOTE] [B]OH GOD,[/B] That poor guy waxing yachts for that one businessman. Oh wait, the government will be able to support [I]MANY[/I] families with the money acquired from those taxes. nvm.

[QUOTE=person11;37736280]Yeah, asking people to voluntarily pay more taxes? I wonder how much money THAT can raise! Call me dumb if you want, but I have not seen Republicans do anything productive besides blocking Democrat legislation since January 2009. [editline]20th September 2012[/editline] Come on. Even you have to see what the real purpose of this Bill is. This is not productive legislation, this is a useless compromise designed to make the real Buffet Rule (actual fair taxes) never happen. This is more like another attempt for the House to block any kind of important legislation.[/QUOTE] Yet the Democrats agreed to it?

What else can they do as a Minority party in Congress? I'm sure the Republicans would spin it negatively if the Denocrats didn't play along.