D'Oh!bama: reelect me and we'll enact massive job killing taxes

It's not even a "raising" of taxes as you know. It's merely a matter of letting the Bush tax cuts, which he was blackmailed into extending around the threatened gov't shutdown, go ahead and expire as they were always meant to do. Under Bush's original plans, they should have expired already. As you know.

And as you know, he is also only proposing this for the richest of the rich. And since 98% of the country doesn't fall into that category, it polls pretty damn well. In fact it's about as popular as gutting SS, Medicare and Medicaid isn't.

 

for your education.

Clinton raised taxes as soon as he took office, then no more tax policies changes.
in his 8 yrs in office, millions of new jobs were created.

when Bill left office, there was a huge surplus and a low unemployment rate in the low 5%​

W gave a permanent tax cut that the economy can't afford
in his 8 years, in office, there was a net loss in jobs (mostly due to jobs being sent overseas)
when the incomptent W left office, the economy was cratering, unemployment around 9%

it is pathetic that parrots like you can't think

 

Basso,

what is the common thread that binds Clinton, Bush Sr, and Reagan together ?

they all raised taxes; they all created many more jobs than the incompetent W

 

The Once and Dunce is finished.

 

Why you folks continue to "feed" basso in these threads is a mystery to me. An asset to the board outside of D&D, in here he just wastes bandwidth. In my opinion. You can now return to your regularly scheduled basso crapfest.

 

It's sad that there can't be a compromise. We're never going to get back to financial stability by cutting spending alone. We can't raise taxes high enough alone to make a difference. I don't want to pay any more taxes, but I also don't want to start speaking mandarin. Raise taxes a little, cut spending a little more. The GOP needs to stop pouting about losing the past election, man up, and make a deal.

Politics will be the death of our country. Not the dems, not the republicans, but politics as a whole.

 

i have been told that the standing joke, along the same vein, when Bush Sr. was the presidient goes something like this.


the line was " i don't want to pay any more taxes, but i also don't want to start speaking Japanese and eating sashimi"

Bush's famous campaign slogan was "read my lip, no new taxes" . he had midhandled the economy so much, a huge deficit at the time, that there was mounting pressure to raised taxes in order to contain the run-away deficit.

 

keep it coming Basso! I love hearing the donks responses to stuff like this

"derdrer tax,..... BUSH SUCKED SO BAD!!!!!!"


lol.

 

What would the actual effect be on bumping the upper tax bracket a few percentage points? I would normally be against this but the stuff happening in Europe is pretty downright scary. And to default over going back to Clinton-era tax rates (on the top) seems foolhardy.

I forgot virtually all my economics, but I think an agreement on a 4 trillion dollar cut would restore a lot of confidence and outweigh any short-term negative effects.

 

Its as easy as raising taxes for every class and nobody wants to do it.

 

Exactly. We should ALL be feeling the pain, we should ALL be tightening our belts, we should ALL be making sacrifices. I have been making sacrifices because of economic woes since 2001, I am willing to make further sacrifices to see that our country goes on as the world's only superpower, the world's economic engine, and the world's most productive workforce.

We all need to give up on our sacred cows in order to put our country back on sound fiscal footing. To be fair, Obama has put the sacred cows of the left on the table (Medicare, Social Security), now we need to see the GOP do the same. Personally, I wouldn't fight over the Bush tax cuts at all, I would just let all of them expire, which would more than quadruple the amount of revenue brought in compared to only allowing the cuts for the top 2% to expire.

 

I know you take it as a matter of faith that raising taxes will reduce revenue, but mathematics disagrees with your opinion.

 

While I agree that there are diminishing returns after a certain point, I don't think what Obama is proposing is near it.

 

The top-notch economists at Fox News and Rush Limbaugh Radio beg to differ.

 

Economists tend to believe the United States is to the left on the Laffer curve (tax rates are too low for optimal revenue), although tax rates could be near zero, and still some of the people out there would be citing a vague port-manteau of Laffer Curve ideas to be definitive proof that raising taxes decreases revenue.

Also, if we want to use hyperbole, what about massive job killing spending cuts? Every austerity measure constricts the economy. Look at Britain and Greece. Still, somehow, that doesn't cause as much stigma as the "job killing" taxes.

 

All true. The problem is most Americans don't think on the level of an economist. I have an econ minor, which I think puts my understanding of economics ahead of the broad majority of Americans, and I still feel I have a lot to learn.