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Title: GOP plan to extend tax cuts for rich adds $36 billion to deficit, panel finds
Source:
The Washington Post
URL Source: http://www.washingtonpost.com/wp-dy ... 010/08/11/AR2010081105864.html
Published: Aug 12, 2010
Author: Lori Montgomery
Post Date: 2010-08-14 09:53:34 by lucysmom
Keywords: Tax, Deficit, Economy
Views: 61895
Comments: 89
A Republican plan to extend tax cuts for the rich would add more than $36 billion to the federal deficit next year -- and transfer the bulk of that cash into the pockets of the nation's millionaires, according to a congressional analysis released Wednesday. New data from the nonpartisan Joint Committee on Taxation show that households earning more than $1 million a year would reap nearly $31 billion in tax breaks under the GOP plan in 2011, for an average tax cut per household of about $100,000. ... Republicans accuse Democrats of plotting one of the biggest tax hikes in American history, arguing that raising taxes on wealthy households would punish the very people capable of creating jobs, spurring economic growth and reducing the 9.5 percent unemployment rate. About half of all small-business income is reported on the individual returns of people making over $250,000 a year, according to the taxation committee's data, though those taxpayers represent only about 3 percent of small businesses.
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#26. To: WhiteSands, lucysmom (#25)
The people will piss it away on cars trips and espresso machines. The government : on bombs and vote buys. No contest - right, Lucy?
______________________________________________________________________________ You're a fraud, an Obamasskisser and liberal apologist. You aren't fooling anybody.
The term "millionaire" applies to someone with at least a million dollars in assets, we're talking about annual income, not total assets. Here's a link comparing Democrat and GOP plans
Neo-cons ARE RINO's.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
Right.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
And they did it on purpose.That was a part of the plan. You can't create a new system until you destroy the old system.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
Neocons are radical, RINOs are moderate.
The neo-cons are the bosses,and the RINO's are the flunkies that take orders.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
No, but your combination of mental retardation and personal obnoxiousness is unparalleled.
And families who make a mere 5 times the average family income are NOT "rich" and don't deserved to be put in the same category as Stephen Speilberg who earned 6,600 TIMES the average family income last year or Lloyd Blankfien who earned 1,000 TIMES the average family income last year.
Where does Reagan fit on that scale? Is he just right as in Goldi lox and the three bears story?
You moonbats need to coordinate your talking points. http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12239
They're not. Families making 20 times the average family income are.
What is the number you are discussing? Is it the 250,000 Obama talked about during the election.
And they did it on purpose.That was a part of the plan. I don't think you are stupid, so why do you make such dumbass statements? The balanced budget was the result of of a dot com bubble, the end of the cold war, and obstinate divided government. 911 happened as did the burst of the tech bubble. Until the housing market started to fall apart in 2007, deficits were falling.
Reagan was a actual right-winger. A true conservative. Where you are making your mistake is pegging neo-cons/RINO's as right-wingers. They are not. They are leftists working for maximum government control and minimal individual rights for subjects. Notice I didn't use the word "citizens".
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
In other words,a mistake. A mistake that Boy Jorge and Barry Soetoro were and are determined to correct.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
I make no mistake. I was asking whoever it was a question. You're not a right winger though. No right winger can be pro faggot.
Once again you are confused and wrong. Twice. First off,you think you are a right-winger. You ain't. You are a left-winger. A Fascist that wants government control over the personal lives of individuals. You are also wrong about me being pro-faggot. It's not about being "pro-faggot", It is about being pro-freedom. Something else you clearly don't approve of.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
You are pro faggot. You want to redefine words for people who belong in a mental institution. I am right wing. You are a leftist pro faggot. But I'm with you about 30 percent of the time.
No,I am pro-individual freedoms and for a smaller government. Unlike yuo. I am right wing. You are a leftist pro faggot. What you are is a delusional fascist.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
Fascist. What a stupid statement. I am pro freedom, pro constitution. I'm smart. You're dumb.
"Cepting fur them dam queers,atheists,n enybodie else ah doan lak",right? I'm smart. You're dumb. Uh,huh.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
Look Pete. Why can't you respect people and the fact that marriage has always been between a man and a woman? You are championing a fundamental change in our society and culture. Most of the country correctly disagrees with you. Why can't you and your homosexual friends be happy not screwing with our institutions? Are you not happy with anything virtuous left in this country? Does everything in our culture have to be destroyed to make you godless fools happy?
Nobody has ever received a job from a poor man, goofy. On the other hand, many poor men have made their own jobs. Yep, which is why I don't support subsidizing 'poor people'. Thanks for pointing this out, goofy.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Nobody has ever received a job from a poor man, goofy. Wars don't pay for themselves. We had a deficit before the war, you wanted a war, you go the war. Pay for it Actually, some wars do in fact 'pay for themselves' so you are incorrect. Yep, we had a deficit before the war. We've been running deficits for about 50 years now. Whats your point? Next up, I didn't 'want a war'. Unfortunately, we had no choice in either Afghanistan or Iraq. Both governments at the time the wars began had many opportunities to avoid 'war', they choose this path on their own. As the old saying goes 'We regret the actions others force us to take'. It applies here. Finally, only a brain dead liberal can suggest 'the wars' created the staggering deficits we now face. You should enter a basic math or general accounting class to avoid saying something like this in a public forum, and inadvertently humiliating yourself. Have a nice day.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Look Pete. Why can't you respect people and the fact that marriage has always been between a man and a woman? Flight had always been restricted to birds before the airplane was invented. Does that mean nobody should fly now? You are championing a fundamental change in our society and culture. No,I am NOT. I am championing individual freedom. NOWHERE have I even hinted at demanding that you or anyone else suddenly approve of homosexual marriages. See,the thing about this country is that our freedoms are not dependent on the wishes of others. It's not up for a vote. Most of the country correctly disagrees with you. Then most of the country is wrong. I think you are wrong about this,though. I doubt most of the country really gives a damn one way or the other. Why can't you and your homosexual friends be happy not screwing with our institutions? As far as I know,I don't have any homosexual friends. I have been friendly with homosexuals in the past,but don't have much in common with them and don't really like being around them very much. None of which means I think they are deserving of less freedoms than I have. Are you not happy with anything virtuous left in this country? Does everything in our culture have to be destroyed to make you godless fools happy? Give me a bleeping break! Organized religion makes the mafia look like the Boy Scouts by comparison.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
Do you mean budget deficits that did not include the cost of two wars?
Everyone is for their own freedom. To be pro Constitution means that you recognize that freedom even extends to those you don't approve of.
Only the well off are worthy of your subsidy.
Surprised you feel this way.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
The top tax bracket applies to families who make 5 times the average family income. Obama and the Democrats want to raise this tax bracket from 35% to 40%.
100% correct! Neo-conservativism was founded by Bill Krisol's father (Irving). Irving Kristol was Trotskyite. I have no regret about that episode in my life. Joining a radical movement when one is young is very much like falling in love when one is young... But my feelings toward those radical days are even more positive than this kind of general reflection suggests. For the truth is that being a young radical was not simply part of my college experience; it was practically the whole of it. His son is one of the key leaders of the neo-cons. Bill Kristol spent most of the early Bush Administration arguing for big government, which he called "government greatness conservatism". Bush tried to softness this term, calling it "compassionate conservatism". Yes, some of the "ends" of the neo-cons have changed, but their "means" remain the same as the left -- lie, cheat, steal, murder, whatever it takes. I was always taught that the ends do not justify the means. Like the hard left, the neo-cons don't agree. Ex-communists run the "conservative movement" today. This is not hyperbole, it's a fact.
http://www.washingtonpost.com/wp-dyn/content/graphic/2010/08/11/GR2010081106717.html?sid=ST2010081200375 Doesn't look that way to me.
Well yeah, the ones where the victor rapes and pillages the defeated population. When did the U.S. ever do this? Never. Our wars never pay for themselves. Sometimes wars are necessary. The Cold War comes to mind. The Iraq cost us at least $800 billion and 4,400 American kid's lives (to date) and was completely unnecessary. We will be paying for this for a long, long time.
The average family makes about $50K a year. The top tax bracket applies to families who make $250K a year. $250K / $50K = 5. Not 6,600 (Spielberg), 1,000 (Oprah and Lloyd Blankfien of Goldman Sachs). It equals a lousy 5. It's 2nd grade math. The Democrats have made no secret that they want to raise the tax rates of families making $250K a year from 35% to 40%. EVERYONE KNOWS THIS. Your chart shows ONE POTENTIAL IMPACT based on some set of assumptions (size of mortgage, medical bills, earned versus "unearned" income, etc.) which may or may not be true in general and are certainly not true for the vast majority of people in that income bracket. I'm not making ANY assumptions AT ALL. Obama and the Democrats want to raise taxes on people making a lousy 5 times the average family income. How do I know this? Because they have repeatedly said so. There's an old adage that is instructive for you here. Statics can be made to lie. You are relying on someone's flawed and biased statistical analysis. I am simply citing Obama and the Democrats, who are hell bent on raising taxes for families who make a lousy 5 times the average family income because they claim that these people are "rich". No they are not "rich". Many people who were in this income bracket a couple of years ago are struggling today.
Post #59 -- thought you'd be interested
And people who consider themselves to be conservatives are STILL voting for them in the vain hope that if they keep voting for fascists,the fascists will quit promoting fascist candidates. The classic definition of insanity is to keep doing the things you have been doing repeatedly,and expect a different outcome. The FACT is the more you vote for and support RINO's,the more RINO's you will get to vote for.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
If all you ever voted for every year was Bush you would be correct. But bush doesn't equal Palin doesn't equal McCain doesn't equal Gingrich doesn't equal Huckabee, doesn't equal Rand Paul. They are all individuals.
Thanks.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
Other than Rand Paul,yes it does. Gingrich used to be the hope of conservatives everywhere,but the Dims working with their RINO pals slapped him back into his place. Most likely by using blackmail of some sort. The blackmail material may be so out of date by now that it no longer applies,but IMHO he still can't be trusted. He may be planning on taking the Perot Spot if a independent conservative movement starts to draw a lot of traction. They are all individuals. Yes,and other than Paul,they all have the same paymasters.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
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Top • Page Up • Full Thread • Page Down • Bottom/LatestPeoples money or collectives money?
Zero diddled while America burned
#27. To: jwpegler (#24)
I'm here to chastise you Bush worshipers
#28. To: jwpegler (#23)
Think about this: the term "millionaire" was created in the early 20th century, when today's dollar was worth 6 cents. You'd have to be worth at least $16 MILLION today to be a "millionaire".
#29. To: lucysmom (#8)
They're not RINOs, they're neocons.
#30. To: Rhino (#9)
Rinos have always controlled the party. Always. You are the real Rino.
#31. To: jwpegler (#17)
They turned a balanced budget into a huge annual deficit.
#32. To: sneakypete (#29)
Neo-cons ARE RINO's.
#33. To: lucysmom (#32)
Neocons are radical, RINOs are moderate.
#34. To: Ibluafartsky (#27)
(Edited)
You're a fraud, an Obamasskisser and liberal apologist
#35. To: lucysmom (#28)
(Edited)
we're talking about annual income
#36. To: lucysmom (#32)
Neocons are radical, RINOs are moderate.
#37. To: lucysmom (#0)
#38. To: jwpegler (#35)
And families who make a mere 5 times the average family income are NOT "rich" and don't deserved to be put in the same category as Stephen Speilberg
#39. To: lucysmom (#38)
#40. To: sneakypete (#31)
They turned a balanced budget into a huge annual deficit.
#41. To: A K A Stone (#36)
Where does Reagan fit on that scale? Is he just right as in Goldi lox and the three bears story?
#42. To: no gnu taxes (#40)
The balanced budget was the result of of a dot com bubble, the end of the cold war, and obstinate divided government.
#43. To: sneakypete (#41)
Where you are making your mistake is pegging neo-cons/RINO's as right-wingers.
#44. To: A K A Stone (#43)
You're not a right winger though. No right winger can be pro faggot.
#45. To: sneakypete (#44)
#46. To: A K A Stone (#45)
You are pro faggot. You want to redefine words for people who belong in a mental institution.
#47. To: sneakypete (#46)
#48. To: A K A Stone (#47)
I am pro freedom, pro constitution.
#49. To: sneakypete (#48)
#50. To: lucysmom (#7)
#51. To: Rhino (#12)
#52. To: A K A Stone (#49)
#53. To: no gnu taxes (#40)
Until the housing market started to fall apart in 2007, deficits were falling.
#54. To: A K A Stone (#47)
I am pro freedom, pro constitution. I'm smart. You're dumb.
#55. To: Badeye (#50)
Yep, which is why I don't support subsidizing 'poor people'.
#56. To: lucysmom (#55)
Yep, which is why I don't support subsidizing 'poor people'. Only the well off are worthy of your subsidy.
#57. To: lucysmom (#38)
Families making 20 times the average family income are.
#58. To: sneakypete, A K A Stone (#41)
mistake is pegging neo-cons/RINO's as right-wingers. They are not. They are leftists working for maximum government control and minimal individual rights for subjects
#59. To: jwpegler (#57)
The top tax bracket applies to families who make 5 times the average family income.
#60. To: Badeye (#51)
some wars do in fact 'pay for themselves'
#61. To: lucysmom (#59)
(Edited)
Doesn't look that way to me.
#62. To: sneakypete, A K A Stone (#61)
#63. To: jwpegler (#58)
Ex-communists run the "conservative movement" today. This is not hyperbole, it's a fact.
#64. To: sneakypete (#63)
#65. To: jwpegler (#62)
#66. To: A K A Stone (#64)
But bush doesn't equal Palin doesn't equal McCain doesn't equal Gingrich doesn't equal Huckabee, doesn't equal Rand Paul.
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