Pages

Jump to bottom

12 comments

1 Dark_Falcon  Mon, Nov 26, 2012 5:38:23am

Nope. The GOP should hold the line and make clear that either tax rates are agreed to for all brackets or no deal. This is just more round of 'Donk Rope-a-Dope' and Republicans should refuse to play.

2 ReamWorks SKG  Mon, Nov 26, 2012 6:04:56am

I can't see why all the Bush Era tax cuts can't expire. Not just the ones on the most productive Americans. Aren't we all in this together?

Here's what they were, for those of you with short memories


a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000.
the 15% bracket's lower threshold was indexed to the new 10% bracket
the 28% bracket would be lowered to 25% by 2006.
the 31% bracket would be lowered to 28% by 2006
the 36% bracket would be lowered to 33% by 2006
the 39.6% bracket would be lowered to 35% by 2006

When liberals whine "END THE BUSH TAX CUTS" they never mean all of them, just the ones on the most productive among us.

I say, end them ALL!

3 Vicious Babushka  Mon, Nov 26, 2012 6:06:36am

re: #2 ReamWorks SKG

I can't see why all the Bush Era tax cuts can't expire. Not just the ones on the most productive Americans. Aren't we all in this together?

Here's what they were, for those of you with short memories

a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000.
the 15% bracket's lower threshold was indexed to the new 10% bracket
the 28% bracket would be lowered to 25% by 2006.
the 31% bracket would be lowered to 28% by 2006
the 36% bracket would be lowered to 33% by 2006
the 39.6% bracket would be lowered to 35% by 2006

When liberals whine "END THE BUSH TAX CUTS" they never mean all of them, just the ones on the most productive among us.

I say, end them ALL!

Top wealthiest Americans != "most productive"!

4 aagcobb  Mon, Nov 26, 2012 6:32:31am

re: #2 ReamWorks SKG

I can't see why all the Bush Era tax cuts can't expire. Not just the ones on the most productive Americans. Aren't we all in this together?

Here's what they were, for those of you with short memories

a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000.
the 15% bracket's lower threshold was indexed to the new 10% bracket
the 28% bracket would be lowered to 25% by 2006.
the 31% bracket would be lowered to 28% by 2006
the 36% bracket would be lowered to 33% by 2006
the 39.6% bracket would be lowered to 35% by 2006

When liberals whine "END THE BUSH TAX CUTS" they never mean all of them, just the ones on the most productive among us.

I say, end them ALL!

Bad idea. The economic recovery is fragile, and imposing new taxes on the middle class right now accomplishes nothing except sucking money out of the economy, which could tip us into another recession. However, rates may have to temporarily rise in January for the GOP to get the message from angry taxpayers to quit holding them hostage for the 1% and pass a middle class tax cut already.

5 Randall Gross  Mon, Nov 26, 2012 6:57:06am

It's all about dispersed money: if you cut the middle class cash, they cut back on buying, and the economy dips again. The world goes into double dip recession. If you want to see the effects, look at the Europeans and their increased Austerity. We don't need that kind of unemployment and rioting here.

6 watching you tiny alien kittens are  Mon, Nov 26, 2012 7:51:58am

re: #2 ReamWorks SKG

Middle class incomes have declined in the meantime while those of the top 1% have climbed dramatically. Until middle income workers see some wage growth your suggestion is actually counter-productive if the goal is to increase Federal revenue. Most families now live paycheck to paycheck with little to no savings, 64% have less than $500.00 in savings set aside. This means that every dollar removed from their checks through tax withholding is exactly one dollar less spent on purchasing manufactured goods or food products.

Removing that money flow will cause a direct decline in orders for goods from retailers and a corresponding decline in goods produced by manufacturers. The volume of sales and therefore net profits for businesses will decline across the board. This will result in further downsizing by companies which in turn will decrease the money flow even more while increasing the unemployment benefit burden on the government.

This decrease in the GDP (recession) will shrink the Federal Tax base and ultimately result in less taxes being collected from businesses and individuals while increasing Federal expenses. Raising taxes on the bottom 97% of wage earners would, at least for right now, result in the opposite of the desired outcome. The numbers on this are solid and verifiable, they are not biased towards the "97%" or made up for propaganda purposes.

7 Political Atheist  Mon, Nov 26, 2012 10:21:04am

re: #4 aagcobb

Bad idea. The economic recovery is fragile, and imposing new taxes on the middle class right now accomplishes nothing except sucking money out of the economy, which could tip us into another recession. However, rates may have to temporarily rise in January for the GOP to get the message from angry taxpayers to quit holding them hostage for the 1% and pass a middle class tax cut already.


They are not new taxes.
They are the taxes of the best boom we had in my lifetime. A case can be made for letting the temporary cuts run out. Perhaps over time. Or have we forgotten what temporary means?

8 watching you tiny alien kittens are  Mon, Nov 26, 2012 11:12:02am

re: #7 Political Atheist


They are not new taxes.
They are the taxes of the best boom we had in my lifetime. A case can be made for letting the temporary cuts run out. Perhaps over time. Or have we forgotten what temporary means?

See my response to this on your Page, the best current option is to extend the cuts, except for those on the top wage bracket, for up to an additional two years, no more.

9 aagcobb  Mon, Nov 26, 2012 11:13:22am

re: #7 Political Atheist


They are not new taxes.
They are the taxes of the best boom we had in my lifetime. A case can be made for letting the temporary cuts run out. Perhaps over time. Or have we forgotten what temporary means?

Notice I said we shouldn't impose new taxes on the middle class right now (and I understand the tax cut was supposed to expire). Certainly a case could be made to let the Bush Tax Cuts for the middle class expire once the recovery is strong enough to bring us back to full employment. But it would simply be stupid to let the tax cuts on the middle class expire right now, as has been explained in the posts to this thread. There are still millions of people without jobs.

10 Vicious Babushka  Mon, Nov 26, 2012 11:13:42am

re: #7 Political Atheist


They are not new taxes.
They are the taxes of the best boom we had in my lifetime. A case can be made for letting the temporary cuts run out. Perhaps over time. Or have we forgotten what temporary means?

The tax cuts can run out for the highest earners, but the lower earners are still hurting and letting the tax cuts expire for them would just hurt them more.

11 Political Atheist  Mon, Nov 26, 2012 11:19:31am

re: #10 Vicious Babushka

I am one of those lower earners. I did fine on that tax rate. It's not going to make a difference on the same scale as say my wife getting a job at her old pay scale, which was just a few bucks over minimum. Heck a stable gold pricw would increase my income more than the tax difference. It's trivial compared to wages or employment improving more than a smidge.

But hey whatever it takes to avert a real crisis.

12 jamesfirecat  Mon, Nov 26, 2012 6:21:51pm

re: #1 Dark_Falcon

Nope. The GOP should hold the line and make clear that either tax rates are agreed to for all brackets or no deal. This is just more round of 'Donk Rope-a-Dope' and Republicans should refuse to play.

"Donk". Really DF, really?


This page has been archived.
Comments are closed.

Jump to top

Help support Little Green Footballs!

Subscribe now for ad-free access!

LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.

Or... you can just click this button to open the Pages posting window right away.

Last updated: 2015-08-02 10:58 am PDT

LGF User's Guide RSS Feeds
Recent Pages
aagcobb
Don’t Teach a Man to Fish. Just Give Him the Goddamn Fish. - Vox
Dylan Matthews, Vox: Don't Teach a Man to Fish. Just Give Him the Goddamn Fish. - Vox We can be pretty sure some things -- like supplying free anti-malarial bednets and providing deworming pills, or cash -- work. But for ...

2 hours, 12 minutes ago
Views: 63 • Comments: 1
Tweets: 0 • Rating: 0
VickieHaz
How you can Change your Lifestyle for the Greener
In the western world, we hear a lot about how our lifestyles can have quite a negative impact on the environment. We live in a time dominated by technologies and conveniences which as useful as they are, aren't the most ...

14 hours, 35 minutes ago
Views: 169 • Comments: 1
Tweets: 2 • Rating: 2
Thanos
Accelerated Pace of Kansas City Public Library’s Book-Culling Process Upsets Volunteers
It's like "Rainbow's End". Sylvia Stucky, a longtime member of Friends of the Kansas City Public Library, stood in the lobby of the Central Library downtown one day last week and opened her shoulder bag. "I just saved these from ...

1 day ago
Views: 304 • Comments: 3
Tweets: 1 • Rating: 2
I Stand With Planned Parenthood
Jimmy Carter: America Is Not a Democracy Anymore (AUDIO)
Former President Jimmy Carter called the United States an "oligarchy" with "unlimited political bribery," on a radio program this week. More: Jimmy Carter: America Is Not a Democracy Anymore (AUDIO)

1 day, 14 hours ago
Views: 302 • Comments: 0
Tweets: 0 • Rating: 1
Cheechako
Iditarod Champ Dallas Seavey Adds Dog Treadmill to Training Repertoire
Suzanna CaldwellAlaska Dispatch NewsAugust 1, 2015 WILLOW -- Forget the gentle swoosh of sled runners over snow. Iditarod champion Dallas Seavey's summer training offers a stark contrast to his winter routine: more than a dozen dogs yapping manically in a ...

2 days, 23 hours ago
Views: 668 • Comments: 1
Tweets: 11 • Rating: 1
Eclectic Cyborg
MS GOP rep campaigns on pro Confederate Flag platform
So this showed up at my house today, it's an election mailer from one Jeffrey Guice who is running for re-election to the Mississippi State Senate. As you can see, it included an interesting detail... So basically he's taking pride ...

5 days, 2 hours ago
Views: 764 • Comments: 2
Tweets: 57 • Rating: 3
EiMitch
Cracked: 5 Sworn Enemies Who Formed Inspiring Friendships
I was catching-up with Cracked articles. I found an obvious click-bait article, "4 Sexual Preferences That Only Recently Became Taboo": cracked.com Knowing that, I read it anyway. From there, I read a depressing article, "5 Ways College Screws Over Poor ...

5 days, 8 hours ago
Views: 591 • Comments: 1
Tweets: 0 • Rating: 3
Skip Intro
Windows 10 is out. Help a guy out, please.
So I downloaded the Win 10 ISO image today, and started the install. The first thing I come across is a screen asking what I want to keep, my apps, data, and program settings, my data and program settings, or ...

6 days, 11 hours ago
Views: 866 • Comments: 8
Tweets: 0 • Rating: 0
Great White Snark
Huffington Post Arabic-Smart Outreach, Sure To Infuriate Bigots
Dirct Link: Huffington Post Arabic - Kudos! Good to see this. The link takes you right there, but for us non arabic readers, a helpful translate panel comes right up. You who do read arabic can judge the content, ...

1 week, 1 day ago
Views: 863 • Comments: 1
Tweets: 19 • Rating: 1
Iwouldprefernotto
More Edited PP Videos
NYT -- More Edited PP Videos in the Pipeline The activist behind the videos, David Daleiden, has said he has enough covertly recorded footage for perhaps a dozen videos that he could release, one a week, for the next few ...

1 week, 1 day ago
Views: 504 • Comments: 0
Tweets: 0 • Rating: 2
 Frank says:

I think "when" is a very important thing, but "what the f*ck!" is also a very important thing to ask. Just keep asking "what the f*ck?" I mean, why the f*ck bother? See what i mean? The important thing is, deal with the "when". "When" will open a lot of shit for you. "What the f*ck" really makes it easier to deal with it when you understand the "when".