FACT: Obama's Middle Class Tax Cut Puny Compared to Bush's Tax Cut

[B_talltpaguy]

^Yep, you're still funny.

 

[earllogjam]

See the thing is, I don't post OPINION pieces and label them as FACT.

LMAO

Ya know this is the first time I can think of that Trinity misrepresented the FACTS.

 

[Trinity]

LMAO

Ya know this is the first time I can think of that Trinity misrepresented the FACTS.

The facts have not been misrepresented but it is amusing that the only critique of the facts in this thread is that the facts were used in a commentary.

 

[Industrialsize]

The facts have not been misrepresented but it is amusing that the only critique of the facts in this thread is that the facts were used in a commentary.

There are no facts to dispute in your OP.

 

[Trinity]

There are no facts to dispute in your OP.

The facts are there...you just can't dispute them:

• The stimulus bill provided a refundable tax credit of $400 to individuals and $800 to couples earning less than $75,000 or $150,000 respectively. According to the CBO, 46.2 million or 40 percent of households in the U.S. have a negative income tax liability. Thus, 46.2 million individuals, and almost half of all Making Work Pay credit recipients, pay no taxes and simply receive direct government payments from these "tax cuts."
  
• Despite the name of his main tax program, it's clear that President Obama's tax policies don't pay. According to Bureau of Economic Analysis statistics, personal income in the U.S. has fallen by 3.2 percent since Obama took office in January 2009. Instead of creating economic growth and the high paying jobs Americans need, the President's tax policies impede economic expansion and keep more individuals dependent on the government.

• Talkingsides.com

 

[B_talltpaguy]

^That's even funnier!

What is there to dispute? Just about everyone got some form of tax break FROM A DEMOCRAT. Pretty much destroys the whole lie the Republicans have been peddling for a generation about how the Democrats love to raise taxes on the middle class. It turns out the only people the Dems are raising taxes on are the high income earners with the money to afford it, which is exactly what they should be doing in a deep recession... If you disagree, then by all means run for office with a platform promising to do the opposite and see how many votes you get.

In the mean time, please keep posting more of this hilarious partisan hackjob bullshit. It really lifts my spirits!

 

[Trinity]

It turns out the only people the Dems are raising taxes on are the high income earners with the money to afford it,

Not really.

According to Bureau of Economic Analysis statistics, personal income in the U.S. has fallen by 3.2 percent since Obama took office in January 2009.

Talkingsides.com

Democrat's have passed 14 different tax provisions that would impact middle class Americans and violate President Obama's promise to not raise taxes on the middle class, including 12 provisions in the $570 billion worth of tax increases in Obamacare.

H.R. 2, one of the first bills signed into law by the president included a tobacco tax which expressly violates the President's pledge to only increase taxes on the rich. No matter one's opinion of the tobacco tax, it falls on those making less than $200,000. (source)

Talkingsides.com

 

[B_talltpaguy]

Ooh look, it's a robotic talking parrot!

http://images.businessweek.com/ss/07/02/0208_toys/image/slide13.jpg

 

[midlifebear]

I thought bots were against the rules on LPSG. Therefore, why is the He/She and Holy It allowed to post the same thing over and over and over and over and over . . . ? Such as waste.

 

[JTalbain]

I have an issue with most of this, but 4 is long so I made it a separate post.

1. A third of what Obama calls tax cuts are actually handouts given to those who pay no income tax.

That is a decrease in tax liability. It's loaded language to call it a handout. It decreases the amount of tax liability on those that would already be able to reduce their liability to 0, thus giving them a larger refund. Ask the people who were self employed however, and they will probably still have to pay taxes at the end of the year due to no deductions being made from their paychecks. You can't jusge this on the basis of income alone.

2. The tax burden of the rich actually went up under Bush's tax cuts.

Bush has come and gone. The time to defend him has passed.

3. Obama's tax cut is a one-time, two year reduction whereas Bush's middleclass tax has been in place seven years and Obama says he won't rescind them.

Which means for those two years, the middle class is paying less.

5. Obama's ill conceived economic policies moved resources from the wealth producing private sector to the mess that is the public sector.

Wow, that's not spewing political ideology at us at all.

6. Obama's added taxes have already started and will continue to increase to fund his progressive "hole in the bucket" agenda.

emphasis added for.... Shits and giggles? Perhaps this should be explained for those of us not easily swayed by political rhetoric not supported with data.

7. The Tea Party is telling Obama that Spending must be cut because the rich can only cover so much of the massive debt Obama is racking up before the middle class is forced to suffer a Value added tax on every part of production of goods. Stop the madness.

Whatever. I hope that none of the businessmen you complain about getting taxes increased on feel this way. They'll never invest in their futures again.

 

[JTalbain]

4. Temporary tax cuts to many who don't pay taxes didn't do much to generate job-creating consumer spending since the top earners were left out. 3 million jobs have been lost since the stimulus was passed.

Bullshit. Giving more money to people on the bottom does create jobs. Who here has worked retail? How many of you have gotten your hours or your jobs cut? Was this due to the people at the top not raking in enough dough, or due to your business not making any sales? If the money starts flowing in, people will have more money to work with in the job sector.

The fact that people that make more money like Reaganomics and the "trickle down" is just indicative of human impatience. Tax cuts on the rich can create jobs by giving them more capital by which to hire people and expand, thus creating jobs. Tax cuts on the poor can increase spending and create more jobs through higher business profits. Both groups benefit, the question is "In what order"? Nobody wants to wait to get theirs.

Personally, however, I think trickle down effects are kind of unreliable. There's nothing keeping those business owners from hoarding their profits or investing them overseas. Additionally, who expands in the middle of a recession? Even if they had the money to create more jobs, why would they embark on a course of action that their accountant would tell them is not financially sustainable? Additionally, what's with the double standard in their logic? Welfare programs are bad because people will sit on their asses and be lazy since they're just being given money. But business owners are going to act differently? People are people. Many poor people would go and invest like crazy given the seed money, and many rich folks would be quite content to sit on their additional profits. People are people. This double standard in logic is pure classism.

 

[B_talltpaguy]

^excellent points.

 

[Trinity]

^excellent points.

Not really.

Bullshit. Giving more money to people on the bottom does create jobs. Who here has worked retail? How many of you have gotten your hours or your jobs cut? Was this due to the people at the top not raking in enough dough, or due to your business not making any sales? If the money starts flowing in, people will have more money to work with in the job sector.

Do you even know what that means?

 

[B_talltpaguy]

Not really.



Do you even know what that means?

lololol... At least these days, it seems that you understand you're only responded to purely for entertainment purposes.

 

[Trinity]

lololol... At least these days, it seems that you understand you're only responded to purely for entertainment purposes.

You are about half an IQ point higher than Vinyl's embarrassing number so that applies to you actually.

 

[B_OtterJoq]

You are about half an IQ point higher than Vinyl's embarrassing number so that applies to you actually.

Are you for real? Cuz if you are, that's just sad.

Funny, but sad.

Perusing your posts is amusing in a terrifying-to-imagine-she-really-thinks-these-things sort of way.

If it's just an act, congratulations! You fake "crazy" really well.

 

[B_VinylBoy]

You are about half an IQ point higher than Vinyl's embarrassing number so that applies to you actually.

And since your number is clearly in the negative (in more ways than one), you should be the last one to talk. Now, keep fighting your losing battle with OtterJoq and keep me the f*** out of it, troll.

 

[houtx48]

"Bush helped the middle class"................. Oh Triny Bush could not find his ass with both hands and the middle class would be the last people she would help.

 

[B_talltpaguy]

You are about half an IQ point higher than Vinyl's embarrassing number so that applies to you actually.

lololololol

Translation: You made a claim that you cannot back up with the facts, and now that you have been called on it, you no longer care to continue on this course.

The owner should start charging a fee to read your comedy, because this is some serious entertainment! lololololol

 

[justasimpleguy]

This thread is the lols. When unemployment for people making more than $150k is around 3% and it's more like 31% for the poor, who you gonna tax? Durrrr.