| his long-held pledge to reverse tax cuts for upper-income taxpayers after 2012
|
Posted on 02/14/2011 10:39:37 AM PST by bestintxas
Edited on 02/14/2011 5:22:25 PM PST by Admin Moderator. [history]
President Barack Obama said he would fight for his long-held pledge to reverse tax cuts for upper-income taxpayers after 2012, in a budget blueprint that doesn't stray far from tax proposals he has made since before taking office.
Mr. Obama struck a compromise with congressional Republicans in December that allowed all the Bush-era individual tax cuts to continue for two more years, including those for wealthy households. But on Monday he framed that as a temporary setback.
(Excerpt) Read more at online.wsj.com ...
The housing market needs all the help it can get. /s/
Time to sell the house...oops there is a glut of homes on the market now. This will really help home values. Keep it up Obama and you will be impeached before 2012.
I have a wonderful idea for another vacation for our hard-working president.
GO TO HELL!
Maybe the deductions helped inflate it in the right place?
Likely...but the way to get rid of it is to offset it with some other kind of tax-break so people don't feel it so deeply.
| his long-held pledge to reverse tax cuts for upper-income taxpayers after 2012
|
There is a reason why MOST rental homes are in poor condition. The reason is that those who live there, have no long-term reason to improve the property. Why improve, when you may be gone with only a month or so notice?
So, let’s apply that same mentality to the home-owner. Remove all the incentive to be a home owner; then why would ANYONE want to improve thier home? You want run-down, ghetto style neighborhoods across the nation - just follow Zero’s lead and we’ll get there.
How about we stop using tax policy to cause uneconomic distortions in the housing market?
Unfortunately there is a substantial portion of the country for whom this is good news. I'm talking about the losers, the envious who'd rather collect welfare than make more money by working, the natural born 0bama supporters who have a bone deep entitlement mentality, and of course the radical environuts who despise the lifestyle of the industrious, because they themselves are too lasy to actually work for a living. All of these categories (and note they're not mutually exclusive) vote.
Good, get rid of the mortgage interest deduction. One more market distortion removed from the American economy.
Likely...but the way to get rid of it is to offset it with some other kind of tax-break so people don’t feel it so deeply.
He knows he cant raise taxes now, but he will use the cry “tax cuts for the rich” to try to rally voters against spending cuts, as Democrats did in 1995. After he is safely reelected then he might veto extending the tax levels having nothing to lose.
Marxism at its finest, comrade.
Who is John Galt click here.
Run Sarah Run!
.
Please be informed that you have two more votes for this grand trip for Dear Leader!
That deduction shouldn’t be there in the first place.
I have a wonderful idea for another vacation for our hard-working president.
GO TO HELL!
>>>>>>>>>>>>>>>>>>>>>>
How about go BACK to hell where you belong.
I could see this...after every single corporate handout has been repaid with interest. Every industry, every bank, every wall street firm, every farmer, every energy company, every airline...
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Imagine. This guy thinks he's still going to be relevant after 2012. Little does he know.