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Old February 24th, 2015, 07:24 AM   #31
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What tax rates did they change ???
There were over a dozen tax changes that reduced income about $300 billion.

Obama also reneged on his promise to rescind the income tax cuts of 2001 for individuals making $250k+.
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Old February 24th, 2015, 07:28 AM   #32
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There were over a dozen tax changes that reduced income about $300 billion.

Obama also reneged on his promise to rescind the income tax cuts of 2001 for individuals making $250k+.

OOOOHHHHH you just pissed in the supply sider's Wheaties !!!!! How dare you claim that reducing taxes leads to higher deficits !!! OMG Get ready my friend, our resident neo cons are going to be all over you !!!!
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Old February 24th, 2015, 07:32 AM   #33
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OOOOHHHHH you just pissed in the supply sider's Wheaties !!!!! How dare you claim that reducing taxes leads to higher deficits !!! OMG Get ready my friend, our resident neo cons are going to be all over you !!!!
I didn't say that I didn't support tax cuts or supply side economics, or that tax cuts don't reduce future deficits. You can't really argue that the cuts didn't contribute to Obama's FY2009 deficit. They also pushed Social Security into the red.

Last edited by Libertine; February 24th, 2015 at 07:34 AM.
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Old February 24th, 2015, 07:37 AM   #34
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You are correct. Obama and the Democrats in Congress changed the tax rates after Obama took office which increased the deficit by hundreds of billions of dollars. Obama and Congressional Democrats also increased spending by hundreds of billions of dollars shortly after Obama was sworn in. Obama signed those changes in tax rates and spending into law on February 17th, 2009.
Hundreds of billions? try 1000 billion.

2008 2.8 trillion

2014 3.8 trillion
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Old February 24th, 2015, 07:41 AM   #35
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I didn't say that I didn't support tax cuts or supply side economics, or that tax cuts don't reduce future deficits. You can't really argue that the cuts didn't contribute to Obama's FY2009 deficit. They also pushed Social Security into the red.
So what you're saying is it's a good thing when republicans cut taxes and a bad thing when democrats do it ??
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Old February 24th, 2015, 07:45 AM   #36
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So what you're saying is it's a good thing when republicans cut taxes and a bad thing when democrats do it ??
I think it is a good thing all the way around.

but you have to have people like Gingrich that will keep SPENDING in check in conjuction with the tax cuts,


Taxes are cut, congress sees the increase in revenue and go on a rampage to the nearest Government Program mall and spend like crazy then when the bill comes due for the necessities, they have to run to the Bank of China, Japan etc for a loan.
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Old February 24th, 2015, 07:50 AM   #37
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So what you're saying is it's a good thing when republicans cut taxes and a bad thing when democrats do it ??
I am for cutting and simplification of taxes no matter where it comes from.

I don't think you could find anyone who would claim an instant increase in revenue.
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Old February 24th, 2015, 08:23 AM   #38
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I am for cutting and simplification of taxes no matter where it comes from.

I don't think you could find anyone who would claim an instant increase in revenue.
See therein lies the question of why exactly you make your post. You made it sound as if Obama cutting taxes was a bad thing ?? You talked of deficits as if you were blaming him for them, but now defend those very same cuts as ultimately being a good thing in the long run.
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Old February 24th, 2015, 08:51 AM   #39
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See therein lies the question of why exactly you make your post. You made it sound as if Obama cutting taxes was a bad thing ?? You talked of deficits as if you were blaming him for them, but now defend those very same cuts as ultimately being a good thing in the long run.
Obama's tax cuts made the tax system more complicated and many were aimed toward special interests that supported him on the campaign trail.

I believe that Bubba Jones can do a better job spending his own hard earned cash than what results from federal government deciding what to spend his money on.

My statements were in response to claims that Obama didn't own the FY2009 deficit because Democrats couldn't change taxes revenues or spending in FY2009.

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Really? so on January 21st, 2009, the tax rates, the spending for the last 8 months of fiscal 2009 were all up in the air, nothing was settled, nothing was signed.
Obama had free rein to do what ever he wanted......

You are getting jimmy stupid now.....
I've been clear in that I favor a few simple flat taxes to fund the government and we would all benefit from that type of reform.
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Old February 24th, 2015, 09:21 AM   #40
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Flat tax..

you have a post card and a check.


I make X

The Tax is Y%


X*Y=Z

you send a check with the post card... for the amount Z

No deductions

No HR Block ...

done.

if you are on welfare you have to give Y% of your Week in community service.
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