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Thread: Tax Increases Coming on January 1st

  1. #1

    Tax Increases Coming on January 1st

    I guess the Republicans are only concerned with lower taxes when it comes to rich people.

    http://www.msnbc.msn.com/id/44218846...a-hopes-block/

    News flash: Congressional Republicans want to raise your taxes.

    Impossible, right? GOP lawmakers are so virulently anti-tax, surely they will fight to prevent a payroll tax increase on virtually every wage-earner starting Jan. 1, right?

    Apparently not.

    Many of the same Republicans who fought hammer-and-tong to keep the George W. Bush-era income tax cuts from expiring on schedule are now saying a different "temporary" tax cut should end as planned. By their own definition, that amounts to a tax increase.

    The tax break extension they oppose is sought by President Barack Obama. Unlike proposed changes in the income tax, this policy helps the 46 percent of all Americans who owe no federal income taxes but who pay a "payroll tax" on practically every dime they earn.
    1bad65, you make me laugh. Dare I say it? You seem to be suffering from ODS (Obama Derangement Syndrome).

    "I didn't vote for him but he's my president, and I hope he does a good job." - John Wayne

    Clearly you want President Obama to fail, or else you wouldn't bring up every little thing you can to try and discredit him and his Administration. You seems to be actively hoping for failure.

    Perhaps you can take a lesson from The Duke.

  2. #2
    Quote Originally Posted by Reality_Check View Post
    I guess the Republicans are only concerned with lower taxes when it comes to rich people.
    We shall see.

    It's scheduled to end, the only way to stop it is to pass a bill not letting it expire. So it will need Democrat support in the House, and it must also pass the Senate which is Democrat controlled.

    In short, if the community organizer wants it and the Democrats fall into line behind him (which they always do) it will clear the Senate. It will clear the House if the House Democrats vote for an extension and they are joined by the Tea Party Republicans, regardless of whether the RINOs want it or not. Of course I'll be stunned if ANY Republicans do not vote to extend the tax cuts.

    And remember, the only reason it's temporary is because the Democrats refused to pass permanent tax cuts during Bush's presidency. So if you do not want this tax cut to expire, you and George W Bush are in agreement.

  3. #3
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    You know the problem with class envy? it exposes the most rampant losers in a society. Everytime the whining about the rich dont pay, the rich this, rich that, it exposes that youve never done anything with your lives and are jealous of someone elses success.
    How about taxing to death every single welfare recipient, take thier voting rights away and thier property away until they start producing, limit the number of children they can have, take away the rights and privileges others take for granted? why should someone who lives off your confiscated tax dollars be able to cancel out your vote on how that money is spent? when there are more of them, then you, then what?

    The same is being said about the group that produces the product, creates the jobs and hires the workers, tax them to death they can afford it. Take from my neighbor so i can sit on my good for nothing ass and do nothing.
    Those collecting money from the government, who first had to confiscate it from a person who produced it, are good for nothing parasites, but libs talk about them in terms of such noblity. They are "less fortunate" , the "underclass" no, they are not less fortunate they are less driven, so for that they should be rewarded with the fruits of anothers labor?
    They produce nothing create nothing, except generation after generation of hand out grubbing parasites, and future occupiers of our penal system, but not a word about them producing something.
    Instead the guy that runs a business, makes a decent living is a scumbag cause he has an issue handing over his hard earned income to some POS living on the dole. Depsite the crap youve happily been spoon fed the majority of folks with money earned it, went to work took risks, educated themselves, they didnt steal it, and my wealth doesnt belong to you, the government or the piece of crap waving a sign on tv that the rich dont pay thier fair share. The reality is the poor pay next to nothing, get the most from government services and live parasitically from a smaller and smaller pool of producers.

  4. #4
    Quote Originally Posted by BJJ-Blue View Post
    And remember, the only reason it's temporary is because the Democrats refused to pass permanent tax cuts during Bush's presidency. So if you do not want this tax cut to expire, you and George W Bush are in agreement.
    Um...no. The tax cuts passed by President Bush were designed to sunset after 10 years. Designed and passed (via reconciliation, hence the sunset clause) by Republicans, who controlled the Senate, the House and the White House in 2001 and 2003. So, the Republicans refused to pass permanent tax cuts.
    1bad65, you make me laugh. Dare I say it? You seem to be suffering from ODS (Obama Derangement Syndrome).

    "I didn't vote for him but he's my president, and I hope he does a good job." - John Wayne

    Clearly you want President Obama to fail, or else you wouldn't bring up every little thing you can to try and discredit him and his Administration. You seems to be actively hoping for failure.

    Perhaps you can take a lesson from The Duke.

  5. #5
    Quote Originally Posted by Reality_Check View Post
    Um...no. The tax cuts passed by President Bush were designed to sunset after 10 years. Designed and passed (via reconciliation, hence the sunset clause) by Republicans, who controlled the Senate, the House and the White House in 2001 and 2003. So, the Republicans refused to pass permanent tax cuts.
    They had to do that to get it to pass without Senate Democrats being able to block it:

    "One of the most notable characteristics of EGTRRA (Economic Growth and Tax Relief Reconciliation Act of 2001) is that its provisions were designed to sunset, or revert to the provisions that were in effect before it was passed, on January 1, 2011. These provisions were extended for two years under the 2010 Tax Act. The sunset provision allowed EGTRRA to sidestep the Byrd Rule, a Senate rule that amends the Congressional Budget Act to allow Senators to block a piece of legislation if it purports to significantly increase the federal deficit beyond a ten-year term. The sunset allowed the bill to stay within the letter of the PAYGO law while removing nearly $700 billion from amounts that would have triggered PAYGO sequestration."

    Had the Democrats not threatened to block it using the "Byrd rule" they would have been able to have been passed on a permanet basis. They had to be temporary because of Democrat opposition to permanent tax cuts.

    Sources:
    http://en.wikipedia.org/wiki/Economi...on_Act_of_2001
    http://www.cbo.gov/doc.cfm?index=4032
    Last edited by BJJ-Blue; 08-24-2011 at 09:18 AM.

  6. #6
    And one more thing.

    You liberals have been saying Bush only cut taxes for "the rich". Yet you are now saying this Bush tax cut set to expire was a tax cut the non-rich received. So that means the old line of 'Bush only cut taxes on the rich' is incorrect, right?
    Last edited by BJJ-Blue; 08-24-2011 at 09:20 AM.

  7. #7
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    Looking forward to seeing this thread locked too
    Simon McNeil
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  8. #8
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    Quote Originally Posted by solo1 View Post
    You know the problem with class envy? it exposes the most rampant losers in a society. Everytime the whining about the rich dont pay, the rich this, rich that, it exposes that youve never done anything with your lives and are jealous of someone elses success.
    How about taxing to death every single welfare recipient, take thier voting rights away and thier property away until they start producing, limit the number of children they can have, take away the rights and privileges others take for granted? why should someone who lives off your confiscated tax dollars be able to cancel out your vote on how that money is spent? when there are more of them, then you, then what?

    The same is being said about the group that produces the product, creates the jobs and hires the workers, tax them to death they can afford it. Take from my neighbor so i can sit on my good for nothing ass and do nothing.
    Those collecting money from the government, who first had to confiscate it from a person who produced it, are good for nothing parasites, but libs talk about them in terms of such noblity. They are "less fortunate" , the "underclass" no, they are not less fortunate they are less driven, so for that they should be rewarded with the fruits of anothers labor?
    They produce nothing create nothing, except generation after generation of hand out grubbing parasites, and future occupiers of our penal system, but not a word about them producing something.
    Instead the guy that runs a business, makes a decent living is a scumbag cause he has an issue handing over his hard earned income to some POS living on the dole. Depsite the crap youve happily been spoon fed the majority of folks with money earned it, went to work took risks, educated themselves, they didnt steal it, and my wealth doesnt belong to you, the government or the piece of crap waving a sign on tv that the rich dont pay thier fair share. The reality is the poor pay next to nothing, get the most from government services and live parasitically from a smaller and smaller pool of producers.
    My you're one big fat ball of mouth breathing hate there aren't you?

    I'm one of those people you so hate. You know what? I had to give 10 years of my life to the govt fighting wars on behalf of idiots like you just to even have a chance at an education. I've worked myself up from the gutter. I've been homeless. I worked 80+ hour work weeks while going to school on the side. And before its all said and done, I'll be one of the best surgeons in this country. If I choose to stay here that is, you ass clowns don't deserve it really. And guess what? The rich don't pay enough!

    Now WTF have you done? Take your hate and go **** yourself. You know **** about the people you ***** about.

  9. #9
    Why blow up on the guy? He wasn't talking about people like you. He specifically was talking about people who sit on their butts and do nothing and people who don't produce anything. You don't fit that bill, you joined the military, worked 80+ hours a week, are furthering your education and planning on getting a high paying job. Hardly sitting on your butt and doing nothing.

    But this conversation does beg the question; why should we workers have to pay for other people's housing, food, medical care etc?

  10. #10
    Quote Originally Posted by BJJ-Blue View Post
    They had to do that to get it to pass without Senate Democrats being able to block it:

    "One of the most notable characteristics of EGTRRA (Economic Growth and Tax Relief Reconciliation Act of 2001) is that its provisions were designed to sunset, or revert to the provisions that were in effect before it was passed, on January 1, 2011. These provisions were extended for two years under the 2010 Tax Act. The sunset provision allowed EGTRRA to sidestep the Byrd Rule, a Senate rule that amends the Congressional Budget Act to allow Senators to block a piece of legislation if it purports to significantly increase the federal deficit beyond a ten-year term. The sunset allowed the bill to stay within the letter of the PAYGO law while removing nearly $700 billion from amounts that would have triggered PAYGO sequestration."

    Had the Democrats not threatened to block it using the "Byrd rule" they would have been able to have been passed on a permanet basis. They had to be temporary because of Democrat opposition to permanent tax cuts.

    Sources:
    http://en.wikipedia.org/wiki/Economi...on_Act_of_2001
    http://www.cbo.gov/doc.cfm?index=4032
    Um...the Democrats didn't threaten to use the Byrd Rule, as it is part of the rules of the Senate. If the Republicans had attempted to pass the bill without using reconciliation, or if the bill was not projected to significantly increase the deficit beyond a 10 year term, the Byrd Rule would not have come into effect. But since the bill would have significantly increased the deficit beyond a 10 year term, and the Republican leadership wanted to use reconciliation, the Byrd Rule was in effect.
    1bad65, you make me laugh. Dare I say it? You seem to be suffering from ODS (Obama Derangement Syndrome).

    "I didn't vote for him but he's my president, and I hope he does a good job." - John Wayne

    Clearly you want President Obama to fail, or else you wouldn't bring up every little thing you can to try and discredit him and his Administration. You seems to be actively hoping for failure.

    Perhaps you can take a lesson from The Duke.

  11. #11
    Quote Originally Posted by Reality_Check View Post
    Um...the Democrats didn't threaten to use the Byrd Rule, as it is part of the rules of the Senate. If the Republicans had attempted to pass the bill without using reconciliation, or if the bill was not projected to significantly increase the deficit beyond a 10 year term, the Byrd Rule would not have come into effect. But since the bill would have significantly increased the deficit beyond a 10 year term, and the Republican leadership wanted to use reconciliation, the Byrd Rule was in effect.
    Huh?

    If the Democrats hadn't threatened to use the "Byrd Rule", the bill would have came to the floor and been voted on. And that bill was for permanent tax cuts. That original bill could have been (and was) stopped because it was able to be blocked with the "Byrd Rule". But that rule can't be exercised if no one chooses to exercise it. It's just an option. And the Democrats said they would exercise that option.


    And I do ask that you answer this question:

    You liberals have been saying Bush only cut taxes for "the rich". Yet you are now saying this Bush tax cut set to expire was a tax cut the non-rich received. So that means the old line of 'Bush only cut taxes on the rich' is incorrect, right?

  12. #12
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    Keep it civil guys and no personal insults.
    Make your points and views and back them up if you can, but keep it civil and no insulting.
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    He trains my hands for war, my fingers for battle !

  13. #13
    Quote Originally Posted by BJJ-Blue View Post
    Huh?

    If the Democrats hadn't threatened to use the "Byrd Rule", the bill would have came to the floor and been voted on. And that bill was for permanent tax cuts. That original bill could have been (and was) stopped because it was able to be blocked with the "Byrd Rule". But that rule can't be exercised if no one chooses to exercise it. It's just an option. And the Democrats said they would exercise that option.


    And I do ask that you answer this question:

    You liberals have been saying Bush only cut taxes for "the rich". Yet you are now saying this Bush tax cut set to expire was a tax cut the non-rich received. So that means the old line of 'Bush only cut taxes on the rich' is incorrect, right?
    No, reconciliation is the option. If that option is chosen, then it must conform to the Byrd Rule.

    If you are so sure the Democrats threatened to "use" the Byrd Rule, you'll have present some evidence of them doing just that.

    Um...the tax cut to which this thread referenced in my first post was the payroll tax cut implemented under the Obama Administration, it has nothing to do with the Bush Administration.
    1bad65, you make me laugh. Dare I say it? You seem to be suffering from ODS (Obama Derangement Syndrome).

    "I didn't vote for him but he's my president, and I hope he does a good job." - John Wayne

    Clearly you want President Obama to fail, or else you wouldn't bring up every little thing you can to try and discredit him and his Administration. You seems to be actively hoping for failure.

    Perhaps you can take a lesson from The Duke.

  14. #14
    Quote Originally Posted by Reality_Check View Post
    If you are so sure the Democrats threatened to "use" the Byrd Rule, you'll have present some evidence of them doing just that.
    Will do.

    "Following the 2000 elections, both houses of Congress and the White House were controlled by the Republicans. The Senate was evenly divided with 50 Republican senators and 50 Democratic senators. In drafting the tax act, Congress was aware of this political climate and the constraints of [section] 313 of the Congressional Budget Act of 1974, which is commonly known as the "Byrd rule.

    The Byrd rule provides that a senator may raise a point of order against extraneous provisions of a reconciliation bill on the Senate floor. There are six different items that are deemed extraneous provisions by the Byrd rule, including any provision that would increase net outlays or decrease revenues for a fiscal year beyond those covered by the reconciliation measure. If the point of order is sustained by the presiding officer of the Senate, then the extraneous provision will be stricken unless three-fifths of the senators vote to waive the Byrd rule. The Senate passed the tax act by a vote of 58-33. Congress choose to make the tax act subject to the Byrd rule in order to avoid a confrontation in the Senate. The effect of the Byrd rule was to require that the tax act contain sunset provisions. Therefore, the changes which were made by the tax act will disappear as of January 1, 2011, unless new legislation is enacted that either extends these provisions or permanently adds these provisions to the Internal Revenue Code."

    Source:
    http://www.thefreelibrary.com/Sunset......-a080900975

    So had the point of order not been raised calling for the "Byrd rule", it would not have been used. And the GOP did not have the 60 votes needed to waive the "Byrd rule" and the Democrats needed to hit 60 did not vote to do so.* I'm shocked you're not refusing to accept these facts, as you are usually quite rational and able to accept facts that do not agree with your point of view.

    *The Democrats were able to get the "Bryd rule" waived on the Obamacare bill because they did have 60 Senate seats at that time.
    Last edited by BJJ-Blue; 08-25-2011 at 12:10 PM.

  15. #15
    Quote Originally Posted by Reality_Check View Post
    Um...the tax cut to which this thread referenced in my first post was the payroll tax cut implemented under the Obama Administration, it has nothing to do with the Bush Administration.
    My mistake (see I admit those, unlike certain other people ).

    So why didn't the Democrats who controlled the House, Senate, and the Presidency at that time vote to make those tax cuts that help the non-rich out permanent tax cuts instead of just temporary tax cuts?

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