Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

White House Stands by Call for Tax Hike on Wealthy
FOXNEWS.com ^ | October 17, 2010 | FOXNEWS.com

Posted on 10/18/2010 3:37:26 AM PDT by Son House

The White House continued to push Sunday for Congress to let the Bush tax cuts expire for the wealthiest Americans, teeing up a lame-duck standoff over the issue in Washington once lawmakers return from the campaign trail.

David Axelrod, the president's senior adviser, said Sunday that the Obama administration still wants the tax cuts extended for middle-class families making up to $250,000.

"That would be stimulative, because people who need money in their pocket to spend and pay for the things that they need to live would have more money in their pocket," Axelrod said in an interview.

But he continued to argue that extending the cuts for everybody, including the upper-income brackets, would not be worth the cost and would not stimulate the economy.

"The notion that we borrow $700 billion for the next ten years from China or some other country in order to pay for tax cuts for millionaires and billionaires doesn't make sense. This is part of how we got in trouble in the first place," Axelrod said on CNN's "State of the Union."

The White House persistently accuses Republicans of holding the middle class "hostage" by insisting on an across-the-board extension.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: hike; tax; wealthy; white
Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last
To: Son House

Liars. It’s a tax on everyone destined for their private slush funds.


21 posted on 10/18/2010 4:36:33 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Son House

Was there any doubts that the idiots manning the Lie Huse would think and do otherwise? Not.,,,afterall, idiots will be idiots, just ask the AnnointedIdiot. =.=


22 posted on 10/18/2010 4:39:14 AM PDT by cranked
[ Post Reply | Private Reply | To 1 | View Replies]

To: olezip

...”The tax and spend Democrats continuously implement failed policies. They clearly have disordered minds”...

There are only two ways to gain in this world..#1 is to be lucky enough to live in a free nation where you can use the tremendous opportunities available to work hard, to take risks with your resources and your ideas, and to choose the lifestyle you are willing to sacrifice for. #2 is to try to game the system and to steal as much as you can from others who have worked, risked and sacrificed. If too many people choose #2, your country goes down or if your government begins to take away freedom and begins to tax or inflate your wealth away to give to themselves and their cronies, you also go down. Economics and job opportunities are what the upcoming election is about. People are beginning to realize that the GOLDEN GOOSE is not corrupt government but it is, indeed, the small businessman/woman who creates those jobs all of us want. People who depend on government for survival will NEVER be secure. Security lies within the people, not government. Those who vote for leftists know not what they do.


23 posted on 10/18/2010 4:44:02 AM PDT by jazzlite (esat)
[ Post Reply | Private Reply | To 4 | View Replies]

To: fortheDeclaration
These idiots still have figured out that it is INVESTMENT that creates jobs, not consumer spending.

Investment builds a bigger pie; consumer spending stimulation causes faster turnover of the existing pie. It's just another manifestation of long-term versus short-term thinking. The Dems, and particularly this set of Dems, are enamored of short-term solutions at the expense of the future.

24 posted on 10/18/2010 4:45:05 AM PDT by Pearls Before Swine (/s, in case you need to ask)
[ Post Reply | Private Reply | To 3 | View Replies]

To: SECURE AMERICA
“If you do not spend more then you have then you can't keep buying votes and redistributing the wealth, cuz there ain't no wealth...”

Capitalism: Unequal distribution of wealth.
Socialism: Equal distribution of misery.

25 posted on 10/18/2010 4:56:21 AM PDT by bitterohiogunclinger (Proudly casting a heavy carbon footprint as I clean my guns ---)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Son House
White House Stands by Call for Tax Hike on Wealthy Small Business

There, fixed it for ya Axlerod, you turd.

26 posted on 10/18/2010 5:01:12 AM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Son House

Only spend on the things “necessary” to survive, that is certainly stimulative

However if you own or work in as “luxury” business, like a restaurant or car dealership, buh bye

Let’s have Meathead Axelrod run down a list of “luxuries” purchased by “the rich” on which spending would not stimulate or create jobs. How about if we start with PR and political consultant firms like Meathead’s


27 posted on 10/18/2010 5:37:12 AM PDT by silverleaf (The lesser of two evils is still evil.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Son House

Go on OFFENSE on the Tax Cuts “for the rich” question!

Don’t accept the $4 Trillion impact! It is BOGUS!

The “Tax Cuts for the rich” work like all other tax cuts, they GENERATE REVENUE by expanding the business base.

The 2007 Federal Tax receipts set an ALL TIME RECORD, while the Bush tax cuts were in full force.

The threat of those tax cuts going away has constricted enterprise and CUT the Federal receipts!

The Federal budget is NOT a cherry pie, it is NOT a zero sum game.


28 posted on 10/18/2010 5:52:44 AM PDT by G Larry
[ Post Reply | Private Reply | To 1 | View Replies]

To: ALPAPilot

Hauser’s Law


29 posted on 10/18/2010 6:14:19 AM PDT by griswold3 ('Regulation and law without enforcement is no law at all)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Son House

“because people who need money in their pocket would have more money in their pocket”

this man is a robber


30 posted on 10/18/2010 6:19:36 AM PDT by yldstrk (My heros have always been cowboys)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BobP
keeping the spirits clean around us

paganism? animism? "cosmic humanism"?

definitely NOT a Christian statement.

"spiritS" - plural. There only ONE Holy Spirit. Other spirit entities are demonic in nature.

31 posted on 10/18/2010 6:22:28 AM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Son House
"The notion that we borrow $700 billion for the next ten years from China or some other country in order to pay for tax cuts for millionaires and billionaires doesn't make sense.

That's $700 billion out of the total $3,700 billion cost for extending current tax rates.

So, the "rich" would only get 19% of the total "tax cut". However, these same "rich" pay approximately 44% of individual income taxes (in 2007). So, they wouldn't even be getting their "fair share" of the "tax cut".

32 posted on 10/18/2010 6:49:15 AM PDT by justlurking (The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Son House; All

33 posted on 10/18/2010 7:22:33 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Son House
Here in PA, the newest source of wealth is 'the Marcellus shale' payments, where farmers are getting huge checks (ranging from 100K to a million or more) for signing over drilling rights to the natural gas under their property.

I have to laugh because many of these 'new wealth' Democrats are now screaming about how unfair the high taxes are now that it has the potential to hit them.

34 posted on 10/18/2010 8:30:20 AM PDT by Ciexyz
[ Post Reply | Private Reply | To 1 | View Replies]

To: BobP

“Keeping the psirits clena aorund us”

Hmmm, I read a report that her mother Marian Robinson, the nation’s highest paid granny-nanny, indulges in voodoo in the WH. Just a lil’ Africanist culture thang


35 posted on 10/18/2010 8:56:05 AM PDT by silverleaf (The lesser of two evils is still evil.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: BobP
“Keeping the spirits clean around us”

Hmmm, I read a report that her mother Marian Robinson, the nation's highest paid granny-nanny, indulges in voodoo in the WH. Just a lil’ Africanist culture thang

36 posted on 10/18/2010 8:56:27 AM PDT by silverleaf (The lesser of two evils is still evil.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Son House

What’s he going to do when they leave the country and take their money with them? Stupid POS.


37 posted on 10/18/2010 8:57:16 AM PDT by jersey117
[ Post Reply | Private Reply | To 1 | View Replies]

To: Son House
This looter government needs to stop.

When scum like Harry Reid and Charles Rangel come to Washington poor and leave multimillionaires, it is long past time to drain the swamp. I say lock them up and confiscate their stolen spoils.

38 posted on 10/18/2010 10:07:25 AM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nickname
because a bunch of buffoons in DC can’t control their spending

Yep, it should be confiscated back from their assets and pensions
39 posted on 10/18/2010 11:17:54 AM PDT by Son House (Democrats Starve The Private Sector, Yet Expect The Economy To Grow. The Recovery to Nowhere!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Pearls Before Swine

Yes, they can’t grasp economics 101, since none of them ever held a productive job.


40 posted on 10/18/2010 1:21:33 PM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson