Posted on 09/04/2010 5:11:56 AM PDT by Son House
Yep, you reminded of another Democrat mental deficit, long term planning, one of their economist pointed that out, once, this would have been almost 3 years into Pelosi’s Speakership;
Transcript of Pelosi, House Democratic Leaders, and Economists’ Press Conference Following Economic Forum 10/21/2009
http://www.speaker.gov/newsroom/pressreleases?id=1414
Alan Blinder “So for that reason, despite the fact that we’re looking at an absolutely horrendous long-term fiscal outlook”
Come next April when people file their tax returns
Oh brother. Wouldn’t it be April 2012 when they see their taxes go up. I mean really.....
Your first sentence is so unreadable that I can’t even begin to understand what you are trying to say. Please try again.....lol.
‘McCain was a subverter of efforts to have corresponding spending cuts ‘
He was right. You can’t get tax cuts and not cut Gov’t. Now we have more Gov’t and the chance the tax cuts will expire. Joy.
That was the epic fail of Pres. Bush, he grew Govt way too much, and the Democrats have taken the baton to the finish line :(
Is it possible LouAvul may find the survey or evidence to back-up what he posted? Also, I would add we have to stick-up for low tax rates for Medium and Big business too
No worries. When everyone gets poor, just go to McDonalds for the the “Obama Value Meal”.
Just order whatever you want and the guy behind you has to pay for it...
You are correct in the filing, but I believe the immediate change they see from January to April will have an effect.
BTW, there's a sequel...
Return to Prosperity: How America Can Regain Its Economic Superpower Status , by Laffer and Moore
...but I haven't had a chance to read it yet :)
No, it’s a RATE increase. If you make more now than in 2002, your tax increase will be more than $100.
Oh damn. :) I sorta knew that. I always thought that people should not get a rebate check at the end of the year. If people owe taxes than write the check but other people paid what they did out of their paycheck and that is it. No deductions or anything. I bet if we did this we would be debt free.
Instead of waiting for the ‘it’s trade policies’ experts and hobbyist to post, I’ll suggest ahead of time, because it’s not my expertise or hobby, they share their knowledge, show where trade policies are bad, and where they can be improved. FreeRepublic is open for posting articles too.
I’d guess we need improvement in trade policies too, but I also think it’s a tactic of Democrats supporters to distract from tax policy.
And as long as we've got socialists running the country, we are hosed.
What about the dam chicken-littles?
The Long-Term Budget Outlook - June 2010
https://www.cbo.gov/ftpdocs/115xx/doc11579/06-30-LTBO.pdf
The Budget and Economic Outlook:An Update - August 2010
https://www.cbo.gov/ftpdocs/117xx/doc11705/08-18-Update.pdf
Federal Debt and the Risk of a Fiscal Crisis - July 2010
https://www.cbo.gov/ftpdocs/116xx/doc11659/07-27_Debt_FiscalCrisis_Brief.pdf
The alternate scenarios don’t reflect the usual wisdom related above. We seem to be in a fundamentally different economic environment that implies a different approach. Care is being suggested in near term tax/spending issues.
Rush Limbaugh: Sarah Palin... On Fox News Sunday... said it was "idiotic" to let the Bush tax cuts expire... the subject of whether the Bush tax cuts should sunset -- should expire in December or be extended for everybody -- is now the topic de jour. And it's fascinating to read both sides of this. I mean, there is literally no argument, no debate if you're being intellectually honest that tax cuts stimulate economic growth. They stimulate, period. And there's no argument that tax increases, particularly in economic circumstances like this, deplete resources in the private sector and thus private sector activity is slowed down -- and it's not just a static thing... The left cannot afford for that to be accepted as a norm throughout, and so the argument has come up and they're piling on with as many people as they can to suggest that the Bush tax cuts are the reason why we're in the problem that we're in. Nothing can be further from the truth, and we've told you over the course of the program here since 2000. We've had the stories time and time again how Washington was shocked to see all the additional revenue they hadn't counted on flowing into the Treasury simply because of a capital gains tax rate reduction down to 15%.Thanks Son House.
In truth the play money in my monopoly set is worth the same as the bills I have in my wallet. Neither one is a very good substitute for toilet tissue and neither one has any real value.
I can’t see any politician speaking out against extending them; every incumbent would probably lose their seat, except the gerrymandered districts where nobody pays taxes anyway.
Just one more pithy sound bite the Pubbies could use to redirect the debate. Gutless leadership is often stupid as well.
Employees have one arrangement with their employer who pays them, and another with the government that takes part of that pay. As Americans watch their standard of living fall back about 55 years, they’re feeling lucky to have the first arrangement with anyone, and furious as they realize how much the second arrangement is costing them. As we are seeing now, it was not just “the rich” that were keeping people employed, but the discretionary dollars of many people from a variety of sources.
For 2010 there is no estate tax. It’s returning in 2011 at 55% for everything above $1,000,000. I don’t know where you’re getting your $3 million dollar figure but you’re wrong.
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