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So Where TF are the tax cuts for middle class?

Discussion in 'Political Discussion' started by PatriotsReign, Feb 18, 2009.

  1. PatriotsReign

    PatriotsReign Rookie

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    President Obama said he'd cut taxes for the middle class. He defined the wealthy class as those making over $250K, yet every effing program he has enacted is aimed at those making less than $75K for singles and $150K for couples....what happened?

    Even his "tax credit for new home buyers" is aimed at the same group...WTF? If you make $75K/year, you really can't afford to buy a home in Massachusetts. Well, maybe a condo, but not a house. How is this going to help anything?

    I guess Obama should have said he'd give tax breaks to "most of the middle class". :mad:
  2. BelichickFan

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    We told you so. Na na na na na na.

    :D

    He lied. That's what happened. Just wait until your taxes to up when Bush's cuts expire.
  3. ljuneau

    ljuneau Rookie

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    /sarcasm on

    Dude, you'll be getting an extra $8 a week to help stimulate the economy. Be happy you got anything, since groups like ACORN, that got several billion dollars, really need the money more. Save up your $8 each week and buy a new car, start a business, hire people. Geez, where is the gratitude!?

    /sarcasm off
  4. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    This is EXACTLY what you would expect from the dems, why are you surprised?:singing:
  5. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    "Oh look mommy, it's president Obama, isn't he beautiful"

    "yes dear America is so lucky, he's a real hero, everybody cried when he was sworn in and Mr Windbag Biden kissed him on the mouth he was so grateful, I want you to kneel down every night at bedtime and thank God for sending Barack Hussein Obama to us, oh lord it's so wonderful.

    "mommy"

    "yes dear"

    "look at his f---ing ears, he looks like Mickey Mouse"
  6. sdaniels7114

    sdaniels7114 Rookie

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    It took the last guy 8 years to run this nation into the ground. Methinks its right to give Obama more than 1 month to unbush everything.
  7. BelichickFan

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    I agree with that statement - however the way he's going about it isn't going to work. And that's not what the thread is about, anyway, the thread is about Obama lying. And this is just one example.
  8. sdaniels7114

    sdaniels7114 Rookie

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    When he made the promise to cut 95% of Americans' taxes the extent of Bush's depravity was not quite public; but fear not! The 'ONE' still has something like 2900 days to get things stabilized and come through.
  9. BelichickFan

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    Sure they were. He talked about that right up to the election and the big crash had happened by then.
  10. sdaniels7114

    sdaniels7114 Rookie

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    I'm glad you're beginning to come around on Republicans being depraved; but I must remind you that Obama's barely got started yet.
  11. BelichickFan

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    He spent $1T in a month. Sorry to tell you this but he's shot his wad for now - $1T spending bills aren't something you can do every month. He's better hope this works because he doesn't get a do-over, not with $1T.
  12. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    You're confusing the quick tax breaks in the stimulus package with omnibus tax reform which deals with the tax rate table. He has already signaled that his comprehensive tax reform is now aimed for 2010.
  13. BelichickFan

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    I will venture to say there's almost no chance any tax cuts for those between $75K and $250K will even match, let alone exceed, the Bush expiring cuts - that's if Obama has any tax cuts at all. Maybe I'll be proven wrong, I hope so, but I doubt it. Those making over $75K can expect to pay more in taxes a year or two down the road not less; IMO anyway.
  14. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    This Obama guy is a friggin joke, his Left Wing Socialism is going to do a job on our society.

    One of those female liberal loons was on CNN slobbering about how President Obama loves to play basketball, Barry and the Pelosi gang just gave America a royal f---ing and this silly slopping liberal b!tch is gushing and squealing about Jug Ears Basketball.

    Lovely Michelle and Jug Ears are getting ready to buy a Puppy, wait until the Liberal Media starts on that, Mush Mouth Tingle Legs Matthews will start eating dog food on TV, NBC, PBS, CNN, NY Times etc will forget all about the war, gitmo, and the economy they will be prattling, blubbering gushing and sh!tting their pants for six months over the friggin Obama dog.

    DEPORT AUNT ZUCCHINI (she gets food stamps)----:singing:
  15. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    The Federal marginal income Tax Rate tables are not due to expire. The major "Sunset Provision" expiration that I know off the top of my head for 2010 (I'm no CPA, but perhaps someone here can inform me) is the Federal Estate Tax which (unless extended) goes back to a $600,000 tax-free level per decedent (from $3.5 million this year) in 2010.

    Once again, the question begs to be asked: What did the TWO major tax cuts of the Bush years achieve for our national economy? When do we start actually planning for the RESULT instead of the Temporary High?
  16. BelichickFan

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    The tax cuts didn't accomplish much because we had the Tsunami of irresponsible spending finally hit us in the ass. The current situation isn't due to the tax cuts though.
  17. Real World

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    That might be the scariest part. :eek:
  18. Real World

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    Correct. The tax cuts resulted in the gubmit stealing more of the people's money than ever before. Amazingly though, and this should come as such a surprise to everyone eating without the aid of a tube, the record consfiscation still wasn't enough! :eek:
  19. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    But aren't tax cuts ALWAYS and AUTOMATICALLY good? (sarcasm)
    Last edited: Feb 18, 2009
  20. BelichickFan

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    As long as they're equal across the board they generally are. That doesn't mean they can fix every problem, though. I have no doubt that a suspension of the payroll tax (both employer and employee) until it's cost $1T would help more than the $1T spending spree Nancy just went on.
  21. Real World

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    They're certainly preffered, but nothing is "always' good. Absolutism isn't logical. Context, details, and the specifics are what determine worth. While I'll always prefer the people keep more of their hard earned money, it has to be done with some intelligence, and purpose. Most of us understand the need for even the smallest of gubmits, and even the smallest of gubmits needs to collect taxes to function. So "always & automatic" might make sense to zombies, but they don't make sense to me.
  22. Real World

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    Yeah but that doesn't allow politicians to pass a bill that policy porks.

    Think about the continuous failures of this country's leadership, over administrations, decades, and even generations. No energy policy, no border security, no restrictions in trade agreements, no attempts to keep companies in shore, etc. This country is so screwed right now.
  23. PatsFanInVa

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    So basically the complaint is that an immediate provision in the stimulus, which cuts taxes to couples making up to 150K or singles making up to 75K, is unfair to those making above that amount -- although this particular piece of legislation does not increase your taxes if you make above that amount.

    Here's a table that goes up to 2006. I'm sure a more recent one is available, but for such a ridiculous statement -- that the middle class isn't helped by helping this range of taxpayers -- there's not much point to splitting that hair:

    Per Capita Personal Income by State — Infoplease.com

    In 2006, median personal income in Massachusetts was $46,299.

    As has been stated, this stimulus bill did in fact cut taxes for the middle class. The goal of keeping the form of the cut to small weekly amounts is to get the money spent. In our current environment, we are attempting to unfreeze credit, yet also to preserve jobs through product sales in a credit vacuum. Layaway is not being advertised again on my television; what does that tell you?

    So, I have what did you say, another 8 bucks in my pocket every week? Yeah you're right. It's not enough to save. I can't buy a car with it. I'll get a sandwich or make a layaway payment on a damn ottoman or maybe a pair of shoes. Bargain-bin-shopping ladies will get a pair of cheap shoes. Moms can buy one off-brand shirt for their school age kids. Whatever.

    Is J. Worthington Throttlebottom going to invest it in stock? No. Pay down a credit card with it? No. It will go zooming right back out into the economy. That's the bloody idea: A LOT of money, spent by EVERYBODY, a little at a time, rather than a LOT of money, going to very few people, in chunks of 100K at a time (for example, in the case of a large estate left to an heir with no inheritance tax -- the classic Bush giveaway.)

    As stated by others, look to 2010 for the Obama tax policy. Do not be surprised that it doesn't favor the wealthy. As the saying goes, it's lonely at the top. Don't be surprised that you can't perpetually get the majority to support the aggrandizement of the minority.

    PFnV
  24. ljuneau

    ljuneau Rookie

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    If you think $8 a week, even if every penny spent, is going to turn our economy around, you are crazy. Our economic problems are not that simplistic, not even close. The $8 a week, coupled with the biggest non-stimulus pork bill that has ever been passed, will make our economic woes much much worse. The so-called "tax cut <cough>" was just a carrot to tempt the ignorant and government-dependant population.
  25. shmessy

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    ljuneau wrote:

    "The $8 a week, coupled with the biggest non-stimulus pork bill that has ever been passed, will make our economic woes much much worse."
    _______________________________

    For accuracy sake, it's important to point out that the "biggest non-stimulus pork bill that has ever been passed" was the Iraq war - - considering that all the business news channels this morning are talking about the test of the March 11, 2003 lows in the Dow and S+P 500. When did that war start, again?
  26. ljuneau

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    Way to hijack the thread. And you're a mod?
    By the way, Obama's "Waste of money, non-stimulus bill" has bypassed the total cost of the Iraq war. And BO did it in less than one month. Don't let reality wake you up.
  27. shmessy

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    1) Not a Mod of this forum. That's for folks who write tripe thread titles like "Obama's Miltiary Recruiting Mohammed Atta". You know, someone more responsible for "truth" in his forum.

    2) Not a hijack at all - - you made a statement that was categorically incorrect - the Iraq War, when taken into final account is much larger than $787 billion (it ALREADY is past $635 billion and growing at $10 billion per month) - - evidently you are not counting the cost of medical care and social services for the tens of thousands of wounded American soldiers and their families for the next 50 years. At least this spending, we'll get high-speed rail, alternative energy infrastructure, etc. It ain't the way I would do it, but it isn't the complete waste of money the Iraq war is.

    Educate yourself.

    Cost of Iraq War 2008
    Last edited: Feb 18, 2009
  28. ljuneau

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    Fair enough. So you admit that the current costs of the Stimulus bill at this point already excedes current expenses of the Iraq war.

    If you are going to count all future expenses of the Iraq war, lets count all future interest payments of the stimulus bill along with the coming mortgage bailout bill, and TARP2 and all the related interest of those. I'm sorry, but Obama is making George Bush look like Dave Ramsey.
  29. BelichickFan

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    I don't really want to comment on this as I'm helping you hijack the thread but those aren't the numbers incrementally above the fixed cost of maintaining our military during peacetime so they are invalid as a "cost" of the war.
  30. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    "Current"?????

    The "current" costs of the stimulus package is ZERO. Nothing has been spent yet.

    Why do the Neo-Cons always want to judge based on only "current". While I'm eating my steak, my "current" cost is nothing. Then, at the end, the bill comes.

    The Iraq War bill is STILL growing!!!!! That ballgame's not even into the 6th inning. The stimulus package bill is set at $787 billion.
    Last edited: Feb 18, 2009

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