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(Newsweek)   Estimates show that there would be fewer jobs and larger deficits under the Republicans' plan. Republicans say that's impossible, they don't have a plan   (newsweek.com ) divider line
    More: Obvious, House Minority Leader, tax brackets, Boehner, Mark Zandi, deficits, republicans, Bush Tax Cuts, Congressional Budget Office  
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1282 clicks; posted to Politics » on 28 Aug 2010 at 4:30 PM (6 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



85 Comments     (+0 »)
 


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2010-08-27 09:35:50 AM  
Yeah, no shiat. But the tax rate would be through the floor!
 
2010-08-27 09:45:07 AM  
Reading some fascistbook comments last night, I came to the conclusion the nation is being destroyed by people demanding the nation not be destroyed so long as nothing is asked of them in return -- in fact, reward them for being self righteous and astute loud mouths. Turn the bald eagle up to 11 and make everybody else pay.

It's the reciprocal of an eye for an eye makes everyone blind. And Republicans are taking their red riders to the quarry.
 
2010-08-27 09:45:53 AM  
OH! So *this* is the popcorn thread.

/can't wait for the liters
 
2010-08-27 09:49:50 AM  
Ah, NOW I see the audience the "new and impoved" Newsweak is shooting for.
 
2010-08-27 09:50:19 AM  

Elvis_Bogart: Ah, NOW I see the audience the "new and impoved" Newsweak is shooting for.


ZOMG, THE SOURCE!!
 
2010-08-27 10:01:43 AM  
For the LAST FARKING TIME, Subby, the GOP does SO have a plan!!

blog.prospect.org
 
2010-08-27 10:19:21 AM  
Tax cuts for the rich and less regulations for wall streets not a plan?
 
2010-08-27 10:40:41 AM  
Yeah, but the rich people will have even more money, so we must do what the GOP says.

/cue "the CBO is completely wrong when we don't like what they say" people
 
2010-08-27 10:43:38 AM  
TFA:
In addition, it's unlikely that extending the cuts for the richest Americans would have much of an effect on small-business hiring, which is a claim that Republicans make with some regularlity. Why? Because only two percent of taxpayers in the top two income brackets actually run small businesses. The other 98 percent of small-business owners make less than $250,000 a year and wouldn't pay higher taxes under Obama's plan.

Another common claim of the GOP proves to be utter bullshiat. Shocking.
 
2010-08-27 10:48:16 AM  

DarnoKonrad: Turn the bald eagle up to 11


28.media.tumblr.com

Approves.

/also, LOL out loud.
 
2010-08-27 11:02:23 AM  

DarnoKonrad: Reading some fascistbook comments last night, I came to the conclusion the nation is being destroyed by people demanding the nation not be destroyed so long as nothing is asked of them in return -- in fact, reward them for being self righteous and astute loud mouths. Turn the bald eagle up to 11 and make everybody else pay.


That is pretty much it.
Make the country better, make the government work better, make me safer and happier... but don't make me have to pay for it, work for it, or sacrifice anything to get that done.

But Democracy and reality in general doesn't work like that.
 
2010-08-27 11:04:46 AM  
C'mon...tax cuts and deregulation helped to get us into this financial mess, clearly it's more tax cuts and deregulation that will get us out of it.
 
2010-08-27 11:21:20 AM  

jerry2a: C'mon...tax cuts and deregulation helped to get us into this financial mess, clearly it's more tax cuts and deregulation that will get us out of it.


Just dig up, duh
 
2010-08-27 11:47:29 AM  

Nickdude: Just dig up, duh


Just because the Republicans proved to be staggeringly incompetent the last time they ran the country doesn't mean that they won't do a super-awesome job the next time. Even though it appears that most of them think we're still living in the 1950's doesn't mean they can't learn to adapt to the modern world by November.
 
2010-08-27 12:19:55 PM  

patrick767: TFA:
...Why? Because only two percent of taxpayers in the top two income brackets actually run small businesses. The other 98 percent of small-business owners make less than $250,000 a year and wouldn't pay higher taxes under Obama's plan.

That makes no sense. If I say 2% of horses are blue, I can't say the other 98% of blue horses have 3 legs, as if the two add up to 100%.
 
2010-08-27 12:26:13 PM  

maelgon: That makes no sense. If I say 2% of horses are blue, I can't say the other 98% of blue horses have 3 legs, as if the two add up to 100%.


No, but you share whatever it is that's making you see blue horses.
 
2010-08-27 09:56:36 PM  
Beautiful headline, subby. I like the cut of your jib.
 
2010-08-28 02:06:43 PM  
These morons drove us into a depression once and they almost pulled it off again. If this nation had a collective brain, it would keep them sitting in the corner wearing a dunce hat for a few more years.
 
2010-08-28 02:34:10 PM  

Mentat: These morons drove us into a depression once and they almost pulled it off again. If this nation had a collective brain, it would keep them sitting in the corner wearing a dunce hat for a few more years.


Yeah, but it's brain has some memory loss issues.
 
2010-08-28 04:33:46 PM  
It'll all trickle down... some day.

Really, just wait.

Any day now...
 
2010-08-28 04:34:49 PM  
So says Newseak? haha I wonder if the Huffering Post and Daily KoS agree with them?
 
2010-08-28 04:37:46 PM  

jerry2a: C'mon...tax cuts and deregulation helped to get us into this financial mess, clearly it's more tax cuts and deregulation that will get us out of it.


Well, this.
 
2010-08-28 04:40:57 PM  
There is a left side of the brain and a right side.
Each has its own perspective on interpreting reality.

Liberals favor the side of the brain that is logical, fact based and reality oriented.
The new right wing tends to favor the corner of the brain that induces road rage.

How the hell can anyone compete with that?
More to the point, why would anyone want to?
 
2010-08-28 04:41:50 PM  

Masso: jerry2a: C'mon...tax cuts and deregulation helped to get us into this financial mess, clearly it's more tax cuts and deregulation that will get us out of it.

Well, this.


If "this financial mess" means the richest, most powerful country on the planet, I totally agree.
 
2010-08-28 04:42:28 PM  

Triaxis: So says Newseak? haha I wonder if the Huffering Post and Daily KoS agree with them?


I don't know.
Does WND?
How about Fox?
 
2010-08-28 04:42:47 PM  
Nice work, subby. And unfortunately, it's true for the most part. The most original idea I heard from anyone in the GOP was Rep. Boehner's suggestion that we eliminate a large chunk of tax expenditures. Good luck getting it passed though.
 
2010-08-28 04:43:08 PM  

Triaxis: So says Newseak?


Reading must be hard for you.
 
2010-08-28 04:43:21 PM  
O there's a plan:

1: Tax cuts for the wealthy and investors
2: Deregulate Wall St and Energy
3: Invade Iran

The trifecta of fail.
 
2010-08-28 04:43:42 PM  
static.businessinsider.com

"Where is it John?"

"Aw shucks golly gee, you got me there Mr. President.."


/hot
 
2010-08-28 04:43:58 PM  

Fahrenheit 450.9: Masso: jerry2a: C'mon...tax cuts and deregulation helped to get us into this financial mess, clearly it's more tax cuts and deregulation that will get us out of it.

Well, this.

If "this financial mess" means the richest, most powerful country on the planet, I totally agree.


Why are you talking about China?
 
2010-08-28 04:45:16 PM  

jerry2a: C'mon...tax cuts and deregulation helped to get us into this financial mess, clearly it's more tax cuts and deregulation that will get us out of it.


"The definition of insanity is doing the same thing over and over again and expecting different results"
 
2010-08-28 04:45:49 PM  

Fahrenheit 450.9: Masso: jerry2a: C'mon...tax cuts and deregulation helped to get us into this financial mess, clearly it's more tax cuts and deregulation that will get us out of it.

Well, this.

If "this financial mess" means the richest, most powerful country on the planet, I totally agree.


Actually by "this financial mess", I mean financial mess. I see how some imbecile moran can confuse financial mess with some country though.
 
2010-08-28 04:46:57 PM  
It's actually intuitively simple. Letting the top bracket and corporations keep more of their income and profits won't improve the economy because such groups have excess funds as we speak and are not using said funds to improve the economy. This is with good reason. It makes no business sense whatsoever to expand production and create jobs when no one will buy your additional production.

Money is needed on the consumption side. If you want to use tax cuts to spur the economy, eliminate federal income taxes on individuals making less than 34,000 taxable per year and couples making less than 68,000 taxable per year. For good measure, drop the tax rate from 25% to 10% on single people making less than 82,400 per year and married couples making less than 137,300 per year. Then compensate by raising the top bracket (373,650 and up) from 35% back to ~40% and adding back the top bracket we used to have at around 2,000,000 with a 60s-era 70% rate.

Once the economy is back on track and consumption is up, shift the rates back toward today's rates to keep the bubble from getting too large.
 
2010-08-28 04:50:41 PM  

Triaxis: So says Newseak? haha I wonder if the Huffering Post and Daily KoS agree with them?


Teebogger
 
2010-08-28 04:51:34 PM  

Triaxis: So says Newseak? haha I wonder if the Huffering Post and Daily KoS agree with them?


Well, them and anyone else without a vested interest in the extraction of wealth from the middle class or an IQ greater than that of a jello shot.
 
2010-08-28 04:55:11 PM  
Simple: Cut taxes, which will increase tax revenue. Then we can cut taxes even more, which will in turn increase tax revenues even more. Then eventually there will be no taxes and tax revenue will be higher than ever.

Or something like that.
 
2010-08-28 04:57:18 PM  
No plan? And here I was thinking that the Republicans were actually Cylons out to destroy humanity.

/ #1 - Karl Rove
// #8 - Michelle 'Boomer' Malkin
 
2010-08-28 04:59:59 PM  

Barbigazi: Elvis_Bogart: Ah, NOW I see the audience the "new and impoved" Newsweak is shooting for.

ZOMG, THE SOURCE!!


edwindwianto.files.wordpress.com?
 
2010-08-28 05:27:12 PM  

MacGabhain: It's actually intuitively simple. Letting the top bracket and corporations keep more of their income and profits won't improve the economy because such groups have excess funds as we speak and are not using said funds to improve the economy. This is with good reason. It makes no business sense whatsoever to expand production and create jobs when no one will buy your additional production.

Money is needed on the consumption side. If you want to use tax cuts to spur the economy, eliminate federal income taxes on individuals making less than 34,000 taxable per year and couples making less than 68,000 taxable per year. For good measure, drop the tax rate from 25% to 10% on single people making less than 82,400 per year and married couples making less than 137,300 per year. Then compensate by raising the top bracket (373,650 and up) from 35% back to ~40% and adding back the top bracket we used to have at around 2,000,000 with a 60s-era 70% rate.

Once the economy is back on track and consumption is up, shift the rates back toward today's rates to keep the bubble from getting too large.


Excess consumption and debt are what got us into this mess.
 
2010-08-28 05:54:52 PM  

Elvis_Bogart: Ah, NOW I see the audience the "new and impoved" Newsweak is shooting for.


more like Newsreek or Fewseek
LOL!
 
2010-08-28 05:58:45 PM  
Newsflash: lib media publishes lib propaganda piece aimed at creating a false equivalence between Democrats and Republicans.

Oh wait. You mean that's not a newsflash after all? You mean that's just how the socialist media works every day?

Huh.
 
2010-08-28 06:00:30 PM  
Cut taxes. This may well create faster economic growth than keeping taxes constant, but you're still taking a smaller piece of a bigger pie.

The painful decisions of what to cut ... just wait for another day.

I'll take the honest social democrats over the lying minarchists any day of the week.

But bully to David Cameron for doing what he said he was going to do. Maybe we can see if the Republican ideal will work -- whether the current Republican leadership is actually honest enough to implement Cameron-style cuts is another question.
 
2010-08-28 06:04:46 PM  

stpickrell: Cut taxes. This may well create faster economic growth than keeping taxes constant, but you're still taking a smaller piece of a bigger pie.

The painful decisions of what to cut ... just wait for another day.

I'll take the honest social democrats over the lying minarchists any day of the week.

But bully to David Cameron for doing what he said he was going to do. Maybe we can see if the Republican ideal will work -- whether the current Republican leadership is actually honest enough to implement Cameron-style cuts is another question.


This is what Republicans believe. The thing is that day will never come.
 
2010-08-28 06:07:27 PM  

Yakk: O there's a plan:

1: Tax cuts for the wealthy and investors
2: Deregulate Wall St and Energy
3: Invade Iran

The trifecta of fail.


All of these need to be done in order to halt America's slide to third world status, and to prevent terrorists from getting nuclear weapons.
 
2010-08-28 06:08:53 PM  

aselene: Yakk: O there's a plan:

1: Tax cuts for the wealthy and investors
2: Deregulate Wall St and Energy
3: Invade Iran

The trifecta of fail.

All of these need to be done in order to halt America's slide to third world status, and to prevent terrorists from getting nuclear weapons.


I'm going to laugh at you if you really think that's all that needs to be done.
 
2010-08-28 06:12:12 PM  
This article is a joke, any reasonable calculation would put us $500 billion to a trillion further in debt over 10 years under the democrats expanded medicaid plan.

Gee why not make up numbers to show us 50% worse off under the repubs instead of a just a few percent??? I guess they figure some lies are too big even for the current crop of liberals to swallow.

What we need is SPENDING CUTS. We don't need lower taxes and we dont need grand new entitlement programs. We need spending cuts and liberal toilet paper like Newsweek is propaganda for the democrats fro the most part.
 
2010-08-28 06:13:17 PM  

stpickrell:

But bully to David Cameron for doing what he said he was going to do. Maybe we can see if the Republican ideal will work -- whether the current Republican leadership is actually honest enough to implement Cameron-style cuts is another question.


Ha, good luck. But kudos to Cameron for actually having the balls to stick to his word. And he doesn't seem like too much of a douchebag to me. Why can't we have Republicans like him?
 
2010-08-28 06:19:40 PM  

Animatronik: This article is a joke, any reasonable calculation would put us $500 billion to a trillion further in debt over 10 years under the democrats expanded medicaid plan.

Gee why not make up numbers to show us 50% worse off under the repubs instead of a just a few percent??? I guess they figure some lies are too big even for the current crop of liberals to swallow.

What we need is SPENDING CUTS. We don't need lower taxes and we dont need grand new entitlement programs. We need spending cuts and liberal toilet paper like Newsweek is propaganda for the democrats fro the most part.


Where should we cut spending then?
 
2010-08-28 06:20:13 PM  

stpickrell: The painful decisions of what to cut ... just wait for another day.

I'll take the honest social democrats over the lying minarchists any day of the week.


Yeah that's right, when Obama had his staff study hard over 6 months how to cut 150 million, while he was racking up 1.3 trillion, he was demonstrating honesty and solidity.

The Democrats NEED TO GO OUT from Washington, as many as possible. They are like a disease that has infected our government, the supreme panderers, like a guy in a cheap suit full of watches distracting gullible voters with trinkets, while his accomplice steals your wallet.

(That would be Biden this week giving grand speeches about tens of billions in wasted stimulus dollars that are supposed to reshape the U.S.)

The repubs are hardly much better, sad to say at least some of them seem to hear the message about runaway spending.

YOU idiots hold forth endlessly about all these things that are so important to you that democrats are doing with borrowed money, while ignoring the huge sword of 13 trillion in debt hanging over your head. That makes you like George Bush, like the thing you despise the most.
 
2010-08-28 06:24:32 PM  

Mrtraveler01: stpickrell:

But bully to David Cameron for doing what he said he was going to do. Maybe we can see if the Republican ideal will work -- whether the current Republican leadership is actually honest enough to implement Cameron-style cuts is another question.

Ha, good luck. But kudos to Cameron for actually having the balls to stick to his word. And he doesn't seem like too much of a douchebag to me. Why can't we have Republicans like him?


No idea. You've got the religious right who aren't 100% on board with the pseudo-libertarian ideas of the big business GOP ... so there's some fear of problems if the cuts were actually implemented.

Don't get me wrong, when I see Kos going on about how Social Security is just fine and there's no problems that can't be solved with a tax increase, I feel some of the same annoyance.

But not as much. And that's why I'm 80% certain I'll be voting for Connelly in November (live in VA-11).
 
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