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Title: For Democrats, It's All About Tax Hikes
Source: Investors.com
URL Source: http://www.investors.com/NewsAndAna ... 201105201846/Tax-And-Scare.htm
Published: May 22, 2011
Author: I.com
Post Date: 2011-05-22 09:34:01 by CZ82
Keywords: None
Views: 4920
Comments: 21

Editorial: For Democrats, It's All About Tax Hikes

Posted 05/20/2011 06:46 PM ET

Politics: If nothing else, last week made it abundantly clear where Democrats stand on today's most pressing issues, and the picture isn't pretty.

In case you missed it, the Democrats floated a plan for a millionaire surtax in an attempt to, as the Hill put it, "force Republicans to accept other tax increases." They tried to hike taxes on oil companies by more than $2 billion a year, because the industry is currently making big profits; and mounted a nationwide campaign to scare seniors away from Rep. Paul Ryan's Medicare reform — including a new ad that depicts Ryan tossing a senior citizen off a cliff.

Detect a theme there? On issue after issue, Republicans are putting forward serious, sober and often politically risky solutions to the nation's most pressing problems, while Democrats play class-warfare games and stoke the public's fear.

To cope with the nation's gargantuan debt, for example, the GOP issued a budget plan that focuses — correctly — on reining in the government's runaway spending.

The only thing Democrats want to talk about is how all our problems can be solved if we just raise taxes on the "the rich."

President Obama wants to boost them by at least $1 trillion, and Senate Democrats promise their long-delayed budget will include $2 trillion in new taxes.

That's ill-advised even if the economy were humming along, but reckless given the current state of things.

When it comes to sky-high gas prices, Republicans at least understand that the root of the problem is too little oil supply, and in the Senate this week they tried to pass a bill to boost domestic oil production, only to be blocked by Democrats.

Listen to the Podcast Subscribe through iTunesWhat do Democrats do instead? Demonize oil companies for making a profit and try to squeeze them for extra tax dollars. As President Obama said, "They are making tens of billions of dollars each — huge profits — while you're struggling to fill up your gas tank."

Never mind that less oil production and more oil industry taxes are the exact opposite of what's needed to bring gasoline prices down.

And while House Republicans advocate a serious Medicare reform plan that harnesses market forces to rein in the program's costs and protect it for the future, Democrats offer only fear.

Health and Human Services head Kathleen Sebelius said Ryan's Medicare plan would cause some seniors to "die sooner," and the Democratic National Committee proclaimed in an ad that Republicans are "now for killing" Medicare.

The topper came in the Ryan-pushing-grandma-over-the-cliff ad, produced by a group headed by the DNC's former deputy national finance director.

What's their Medicare solution? Nothing.

Democrats might think stoking envy and fear is politically sufficient, but we give the public more credit than that.

The country faces serious problems and voters deserve political leaders willing to step up and propose serious, credible solutions.

As the last week made clear, they aren't getting anything like that from the party of FDR

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Begin Trace Mode for Comment # 20.

#1. To: CZ82 (#0)

In case you missed it, the Democrats floated a plan for a millionaire surtax in an attempt to, as the Hill put it, "force Republicans to accept other tax increases." They tried to hike taxes on oil companies by more than $2 billion a year, because the industry is currently making big profits; and mounted a nationwide campaign to scare seniors away from Rep. Paul Ryan's Medicare reform — including a new ad that depicts Ryan tossing a senior citizen off a cliff.

It's time the chief benefactors coughed up some dough for their semi private army since they seem to be profiting well from it's antics. And also make it a crime to speculate in a commodity that you can't take personal possession of.

mininggold  posted on  2011-05-22   11:04:43 ET  Reply   Untrace   Trace   Private Reply  


#2. To: mininggold (#1)

It's time the chief benefactors coughed up some dough for their semi private army since they seem to be profiting well from it's antics.

So instead of just cutting subsidies for oil companies, why don't we cut subsidies for Ethanol, solar power and wind turbine farms too???.. just to make the playing field "FAIR"......

My guess is that wouldn't happen because the Democrats flunkys/redheaded stepchildren would go out of business????? The Democrats couldn't let that happen??? Miss out on all those campaign contributions and votes..... LOL.....

CZ82  posted on  2011-05-22   12:16:20 ET  Reply   Untrace   Trace   Private Reply  


#9. To: CZ82 (#2)

So instead of just cutting subsidies for oil companies, why don't we cut subsidies for Ethanol, solar power and wind turbine farms too???.. just to make the playing field "FAIR"......

Why not cut subsidies for oil companies because they don't need them to be profitable?

In this particular instance, I don't see what "FAIR" has to do with it.

lucysmom  posted on  2011-05-22   13:33:07 ET  Reply   Untrace   Trace   Private Reply  


#12. To: lucysmom (#9)

Why not cut subsidies for oil companies because they don't need them to be profitable?

In this particular instance, I don't see what "FAIR" has to do with it.

I don't have a problem with doing away with the oil companies "Tax breaks"....

But if you do that then the oil companies will raise the price of their products, to make up for them having to pay more in taxes..... And since the oil companies are getting tax breaks that means the average working stiff is paying more taxes to make up for the taxes not being paid by the oil companies... So no matter what you do, you are paying the same price for a gallon of gas.. You either pay the price at the pump, or pay at the pump "and" to Uncle Sam.... So you need to decide which way makes you "feel better about yourself" for paying the same price for their products... (the same goes for creating electricity)..

Now if you are one of the damn near 50% of the current population who doesn't pay taxes, then I would think you would want the oil companies to be "subsidized" to the hilt. That way you are basically getting gas for free at the taxpayers expense.... (so do you think that's FAIR)????

The way I look at it is if companies need that big of tax breaks to break even or make a small profit then they shouldn't be in business to start with...... (Because their product is basically useless) .... Forcing a useless product onto the consumer is nothing but a big waste of time, and taxpayer money..... Money better spent on research for a "VIABLE" product to replace petroleum products... not the boondoggles we currently have....

CZ82  posted on  2011-05-22   16:17:03 ET  Reply   Untrace   Trace   Private Reply  


#13. To: CZ82 (#12)

But if you do that then the oil companies will raise the price of their products, to make up for them having to pay more in taxes.....

That is the BIGGEST lie in the stable of lies.

war  posted on  2011-05-22   16:20:03 ET  Reply   Untrace   Trace   Private Reply  


#16. To: war (#13)

But if you do that then the oil companies will raise the price of their products, to make up for them having to pay more in taxes.....

That is the BIGGEST lie in the stable of lies.

ROTFLMAO.......

Since the price of gas went up my company raised our truck charge for a service call from $25 to $35 to offset the added costs.... That's just the way businesses work, you make a profit or you close your doors....

CZ82  posted on  2011-05-22   17:06:49 ET  Reply   Untrace   Trace   Private Reply  


#17. To: CZ82 (#16)

Since the price of gas went up my company raised our truck charge for a service call from $25 to $35 to offset the added costs.... That's just the way businesses work, you make a profit or you close your doors....

Yea so?

Your taxes didn't go up.

war  posted on  2011-05-22   17:08:28 ET  Reply   Untrace   Trace   Private Reply  


#18. To: war (#17)

Yea so?

Your taxes didn't go up.

It was just an example to show you that the more it costs a company to do business the more they have to charge for their product..... Economics 101....

CZ82  posted on  2011-05-22   17:20:23 ET  Reply   Untrace   Trace   Private Reply  


#19. To: CZ82 (#18) (Edited)

First off, any businessman would know that the cost of a "material" can be continually fluctuating and thus he builds margins into his costs to account for price increases.

That's if he knows what he is doing.

Secondly, a tax liability is an unknown cost that cannot be accounted for.

Thirdly, we're talking ~2bln per YEAR. What does that work out to per gallon?

war  posted on  2011-05-22   17:28:11 ET  Reply   Untrace   Trace   Private Reply  


#20. To: war (#19)

First off, any businessman would know that the cost of a "material" can be continually fluctuating and thus he builds margins into his costs to account for price increases.

That's if he knows what he is doing.

So that means the oil companies "Should" have known the price of a barrel of crude was going to triple, had that figured into their margin, and so they "shouldn't" have had to raise prices?????? LOL.... Yea right!!!

CZ82  posted on  2011-05-22   18:23:44 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 20.

#21. To: CZ82 (#20)

It didn't triple overnight.

Ever hear of a "forecast"?

Ever hear of a "surcharge"?

war  posted on  2011-05-22 18:56:51 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 20.

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