Latest Obama Flip Flop

[marine]

And dont buy into Obama's tax BS about only the rich. He wants to raise social security taxes - that effects everyone. He wants to end the social security tax "cap." That effects everyone making $100k or more. He wants to add taxes to oil companies- who do you think will end up paying that? And so on and so on.

That right there is going to crush a lot of families.
I fall into that category, I am the single income in my family, and over 100k. If that cap is removed it's going to suck more money out of my family's pocket. Whereas if a husband and wife are each pull 55k, they won't be affected by it.

Will it kill me? no, probably not.
Will I notice it? you bet.
Does it irk me to feel that I'm being punished for working extra hard? yes.
Do I think I work twice as hard as two people making 50k? no.

 

[gardenweasel]

The consumer - keep up, wease

exactly...the consumer...that happens to be your average joe....

which means the tax increase on the rich will really hit the lirttle guy....

you see,the trickle down theory really does have merit....

 

[BobbyBlueChip]

exactly...the consumer...that happens to be your average joe....

which means the tax increase on the rich will really hit the lirttle guy....

you see,the trickle down theory really does have merit....

It will most likely be a wash for the little guy - with the added benefit of health insurance, tax credits for small businesses that add jobs, bring back head start so that people can actually work an 8-hour day, reestablish empowerment zones. . . it's going to be great. Give all these takers the ability to be consumers and the economy will just move on it's own. Demand-side economics which we always forget about until the economy needs a kick.

Si Se Puede

 

[ageecee]

it's gets old paying taxes for the fat and lazy underbelly of america to sit on their asses with no stimulus for improvement

true fawkin dat

 

[gardenweasel]

Give all these takers the ability to be consumers and the economy will just move on it's own. Demand-side economics which we always forget about until the economy needs a kick.

Si Se Puede

the key word being "give"....

the battlecry of the socialist...""we'll get it right this time!" ....lol

read up on it... raising taxes never stimulated a thing..

and btw.. who`s payin` for the health insurance?....it`s not the government`s money,bobby......it`s ours...they`re just taking more and more of it...

actually,what he wants to attempt is redistribution of wealth....it won`t work because as i said,inevitably the middle class or poor will foot the bill unless you institute full blown communism....


in every case throughout history socialist utopia = totalitarian shithole....

 

[The Sponge]

i think you righties have a point.. Hell when Clinton did it 22 million jobs were created 4 years of record growth in our lifetime and 8 years of total growth. A fukin killer i tell ya. I almost had to stand in line for cheese

 

[DOGS THAT BARK]

i think you righties have a point.. Hell when Clinton did it 22 million jobs were created 4 years of record growth in our lifetime and 8 years of total growth. A fukin killer i tell ya. I almost had to stand in line for cheese

Spongie tell us exactly how Billy created those jobs--and invented the internet is not an answer?
--and if he was responsible for dot.com jobs--does he take responsibilty for those lost on bust--what about worldcom and enron that were exposed and went bankrupt shortly after his exit--and tack on 9-11 which he certainly shares responsibilty on?

and back to O on taxes--can someone explain which onejhe's on now-


From WSJ
http://online.wsj.com/article/SB122091851312912585.html?mod=opinion_main_review_and_outlooks

At the time, Mr. Obama was the long shot in the Democratic Presidential sweepstakes, and it made some political sense to reassure the party's intensely liberal primary voters with class-war boilerplate on taxes.

Under ObamaTax 1.0, he would have repealed all the Bush tax cuts, lifted the cap on wages subject to the payroll tax, put the top marginal rate up to 39.8% and raised the rate on capital gains and dividends to at least 25% from 15% now. The official campaign line was that tax rates really don't matter to economic growth.

Summer arrived, the Clinton challenge was history and with the general election ahead came ObamaTax 2.0. It posited that the top rate on capital gains now would be 20%, described on this page August 14 by economic advisers Jason Furman and Austan Goolsbee as "almost a third lower than the rate President Reagan set in 1986." This was progress.

Now with the big vote less than 60 days off and John McCain pounding him as a tax-raiser and pulling ahead in some polls, the Democratic nominee has decided to release ObamaTax 3.0, the most interesting upgrade so far. If the economy is still weak in January, a President Obama might defer all of the planned increases.

:shrug:

 

[Agent 0659]

Spongie tell us exactly how Billy created those jobs--and invented the internet is not an answer?
--and if he was responsible for dot.com jobs--does he take responsibilty for those lost on bust--what about worldcom and enron that were exposed and went bankrupt shortly after his exit--and tack on 9-11 which he certainly shares responsibilty on?

and back to O on taxes--can someone explain which onejhe's on now-


From WSJ
http://online.wsj.com/article/SB122091851312912585.html?mod=opinion_main_review_and_outlooks

At the time, Mr. Obama was the long shot in the Democratic Presidential sweepstakes, and it made some political sense to reassure the party's intensely liberal primary voters with class-war boilerplate on taxes.

Under ObamaTax 1.0, he would have repealed all the Bush tax cuts, lifted the cap on wages subject to the payroll tax, put the top marginal rate up to 39.8% and raised the rate on capital gains and dividends to at least 25% from 15% now. The official campaign line was that tax rates really don't matter to economic growth.

Summer arrived, the Clinton challenge was history and with the general election ahead came ObamaTax 2.0. It posited that the top rate on capital gains now would be 20%, described on this page August 14 by economic advisers Jason Furman and Austan Goolsbee as "almost a third lower than the rate President Reagan set in 1986." This was progress.

Now with the big vote less than 60 days off and John McCain pounding him as a tax-raiser and pulling ahead in some polls, the Democratic nominee has decided to release ObamaTax 3.0, the most interesting upgrade so far. If the economy is still weak in January, a President Obama might defer all of the planned increases.

:shrug:

I can tell you EXACTLY how Bushco murdered about 8,000 Americans and millions of Iraqis, if you're interested. All in the pursuit of $$$.

 

[ctownguy]

I can tell you EXACTLY how Bushco murdered about 8,000 Americans and millions of Iraqis, if you're interested. All in the pursuit of $$$.

Another idiotic claim by this looney bird angry left Bush hater.

My God you show your stupidity everytime you post.:scared :mj07:

 

[DOGS THAT BARK]

I can tell you EXACTLY how Bushco murdered about 8,000 Americans and millions of Iraqis, if you're interested. All in the pursuit of $$$.

That wasn't the question Chad--the question was on O's continuous change from one extreme to the other per public sentiment--if you have no answer say so--instead ofchanging topic.

--and if your going to use absurb tie in to bush and deaths in war he's still far behind truman-roosevelt- churchhill-lincoln ETC and a few other proclaimed greatest leaders of all time and never catch up to the aid carriers--and getto warfare.:shrug:

 

[bryanz]

By Ross Balano, Midwest Voices Columnist 2008

Democrat presidential candidate Barack Obama had a change of heart yesterday about one of his major campaign issues; the Bush Tax Cuts.

The Associated Press quotes Obama as now saying that ?he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy

the right thing to do.... the mark of a strong leader... don't become fixated with an idea...make the right call for the situation... you wouldn't want him to take office with a fixation on, lets say : nation building and pursue that goal at any cost would you ? Most loyalist on the right say the economy is great...nothing to worry about.....it's a moot point..what recession.

 

[BobbyBlueChip]

Spongie tell us exactly how Billy created those jobs--and invented the internet is not an answer?
--and if he was responsible for dot.com jobs--does he take responsibilty for those lost on bust--what about worldcom and enron that were exposed and went bankrupt shortly after his exit--and tack on 9-11 which he certainly shares responsibilty on?

and back to O on taxes--can someone explain which onejhe's on now-


From WSJ
http://online.wsj.com/article/SB122091851312912585.html?mod=opinion_main_review_and_outlooks

At the time, Mr. Obama was the long shot in the Democratic Presidential sweepstakes, and it made some political sense to reassure the party's intensely liberal primary voters with class-war boilerplate on taxes.

Under ObamaTax 1.0, he would have repealed all the Bush tax cuts, lifted the cap on wages subject to the payroll tax, put the top marginal rate up to 39.8% and raised the rate on capital gains and dividends to at least 25% from 15% now. The official campaign line was that tax rates really don't matter to economic growth.

Summer arrived, the Clinton challenge was history and with the general election ahead came ObamaTax 2.0. It posited that the top rate on capital gains now would be 20%, described on this page August 14 by economic advisers Jason Furman and Austan Goolsbee as "almost a third lower than the rate President Reagan set in 1986." This was progress.

Now with the big vote less than 60 days off and John McCain pounding him as a tax-raiser and pulling ahead in some polls, the Democratic nominee has decided to release ObamaTax 3.0, the most interesting upgrade so far. If the economy is still weak in January, a President Obama might defer all of the planned increases.

:shrug:

Dogs, Has McCain changed his positition on Bush's tax cuts? Is that a flip-flop?

 

[bryanz]

I might add --tax revenue after tax cut is up 19% over tax revenue prior to tax cut (eg Clinton admin)

Its not the tax revenue--its the spending.

--and can someone explain to me--how O intended to repeal Bush tax cuts to all tax payers --yet cut taxes for 95% of tax payers if elected?

I won't hold my breath waiting for answer

this is way over your pay grade...why can't he roll back the cuts on 250K+ and give tax cuts to the rest of america ? under his plan 95% would pay <.......you are right about spending...under reagan we took in more rev in history at that time... tax cuts worked...different time different economy.... reagan still had deficits because of spending....deficits can be good...we have past that point.....there was no wealth creation the last 8 yrs for middle and lower america, like we had under reagan & clinton.....reagan took in more rev than carter...i'll guess 41 took in more than reagan & clinton > 41.... you have to factor growth & inflation ........ right ??? has there ever been a time in the last 30 yrs when rev went down ?

 

[Jabberwocky]

"has there ever been a time in the last 30 yrs when rev went down ?"

this is a point that escapes dtb.

 

[bryanz]

"has there ever been a time in the last 30 yrs when rev went down ?"

this is a point that escapes dtb.

I guess we were right !:mj07: scroll down to the bottom........http://huppi.com/kangaroo/L-taxcollections.htm