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]
“Stupid” is not an impeachable offense.
And of course the money is the govts in the first place. after all they can spend it more wisely.
The Presidetn SIGNS, he can’t Raise anything, Taxes, Budgets, etc....he’s just a figurehead now, without CONGRESS.
“Stupid” is not an impeachable offense.
If you think 0bama’s destruction of this country is a result of “stupidity”, you had better wake up.
It’s definitely not a fair tax deduction.
Why should people who work hard and pay their mortgages get a tax deduction on their homes when people who live in their mother’s basement don’t get one...............
Like!!!
Seriously, folks. The government needs to stop manipulating behavior with the tax code. I want a fair tax or a flat tax. Do you?
The housing market can't "recover" to previous bubble levels of insanity. Those prices were pure foolishness based on rampant speculation and easy, no-strings-attached funny money.
I'm with you, except... What "high crimes and misdemeanors" would you suggest we put in the indictment???
Are we really entitled to tax deductions on our mortgage interest? I am strongly against taxing the rich more - the rich already pay more of a percentage of taxes than the average people in the country. I'm also staunchly against the welfare system.
But mortgage interest tax deductions you consider a privilege or a right of the hard-working? I don't.
Apparently, getting rid of the mortgage interest deduction for speculators, which is what home buyers are who have a huge amount of mortgage interest to deduct.
Remember when we used to say that the USSR was nothing but a bunch of thugs running a tax scheme??? Ours distorts our entire lives through it’s vast complexity, not just the economy!!!
When he gets there he can say “Hi, Dad!”
I agree they should get rid of all market distortions and social engineering which is a misuse of the tax system, but this is not the best time toend mortgage deduction it should have some type of grandfather or take effect in the future to soften the blows already absorbed by the housing market.
Fair Tax is probably the fairest way to go and its not perfect. Take the power away from congress and lobbyist’s and tax everyone equally. Power to the people.
The core idea of tax policy, at least today, is to encourage behavior that is beneficial to society.
Child tax credits, married filing jointly tax breaks, home mortgage interest deduction, business tax rates, favorable real estate investment tax incentives, etc.
However, if pols want to say they are encouraging this beneficial behavior, they must also admit that welfare and SSI policies (”crazy check”) increase those behaviors as well.
Better if the gov’t would get out of the “incentive” business altogether, because natural Law benefits those things good for society without any “intellectual” interference. Of course, this provides no opportunity for the “brilliant” to “guide” society, so it’ll never be done.
This has no chance of even being considered by congress.
Exactly. I like flat, fair, small and simple taxes, so when the other side backs a rollback in something like the mortgage interest deduction for the wealthiest taxpayers, I figure that’s a workable start, at least. Sure, it’s a tax increase unless it is offset—so offset it!
Nobody should be getting anything. Let the market correct!
Why should I have to pay for bennies to people who make more than I do?
Upper income taxpayers lost the mortgage interest deduction years ago with AMT. What is the idiot really proposing now?
Yes, but tax-breaks will be way more likely to be re-invested in the economy somehow.
Cut Gov't spending, but don't hike taxes.
This is one area, where I agree with Obama. The government should not be involved in the marketplace, outside of ensuring that regulations are minimal and necessary.
The tax break likely contributed to the bubble, by influencing people to buy houses, which created an increased demand, which contributed to artificially high housing prices, which in term gave people an artificial sense of financial well-being, which in-turn influenced people to get in debt farther then they would have.
Getting the government out of the housing market, and all markets, is the right thing.
That is what I was saying in other words.
His two options are as Bush's were in 2007-2008:
1) try to defeat bills in congress (as minority party) before they get to Obama,
2) veto bills.
What makes it sticky is if the government shuts down. Then it's a game of finger pointing. Last time Republicans lost it. (They didnt play a very good game.)
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