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(AP)   President Obama to push extension of middle-class tax cuts. Remaining 525 members of the middle class are said to be overjoyed   (hosted.ap.org) divider line 264
    More: Sad, President Obama, middle class, East Room, House GOP, tax cuts, middle-class tax cuts  
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1048 clicks; posted to Politics » on 09 Jul 2012 at 1:16 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-09 10:10:37 AM
Obama, in an address from the White House later Monday, will call on Congress to pass a one-year extension of tax cuts for households making less than $250,000 a year, said senior campaign adviser Robert Gibbs.

it's gonna be GREAT watching the GOP fight to raise taxes this year! Norquist will reap his tally of souls and then some.
 
2012-07-09 10:15:39 AM
A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).
 
2012-07-09 10:17:56 AM

EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).


You seem to be operating under the misconception that Obama is going to read your posts, or that they contain anything worth reading.
 
vpb [TotalFark]
2012-07-09 10:19:33 AM

EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).


Hopefully he will let them expire.

We have a revenue problem, not a spending problem.
 
2012-07-09 10:21:31 AM
I say let the Bush Tax cuts expire for everyone.

Expiration of a break with built in time limit is not an increase, no matter what that pudgy, mush-mouthed troll Norquist says. Not that it matters. We've had over a decade of evidence that they're hurting the economy and contributing to the debt - that thing everyone gives lip service to but does nothing about.
 
2012-07-09 10:23:04 AM

EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).


so you DO want to raise taxes on the middle class?
 
2012-07-09 10:25:54 AM

vpb: We have a revenue problem, not a spending problem.


vpb: We have a revenue problem, not a spending problem.


vpb: We have a revenue problem, not a spending problem.

 
2012-07-09 10:25:55 AM

vpb: Hopefully he will let them expire.

We have a revenue problem, not a spending problem.


One could confiscate 100% of the wealth of the rich and still not be able to run the government for more than 60 days.

Spending problem, not revenue problems.

Weaver95: so you DO want to raise taxes on the middle class?


Taxes have already been raised on the middle class. Haven't you been paying attention?

Slaxl: You seem to be operating under the misconception that Obama is going to read your posts, or that they contain anything worth reading.


You seem to be under the misconception that Obama actually cares about the poor and middle class.
 
2012-07-09 10:30:04 AM

Weaver95: EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).

so you DO want to raise taxes on the middle class?


IT'S NOT A TAX INCREASE. I know what you're trying to do with Enviro, but don't. We'll descend into another ACA "it's a tax and not a penalty" Reese's Peanut Butter cup routine.

Expiration of a freebie is not an increase.
 
2012-07-09 10:33:18 AM

vpb: EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).

Hopefully he will let them expire.

We have a revenue problem, not a spending problem.


We do have a spending problem. We are spending too much on the wrong things, our military budget is way out of proportion.
 
2012-07-09 10:35:19 AM

vpb: EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).

Hopefully he will let them expire.

We have a revenue problem, not a spending problem.


I say that we have a "suffering from delusions of grandeur" problem, not a spending or revenue problem
 
2012-07-09 10:35:55 AM
You seem to be under the misconception that Obama actually cares about the poor and middle class.

My middle class taxes have been great under Obama.
 
2012-07-09 10:37:11 AM

EvilEgg: We do have a spending problem. We are spending too much on the wrong things, our military budget is way out of proportion.


I would like to know how you intend to fight the Soviets with that attitude.
 
2012-07-09 10:38:06 AM

EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?


You could put a spin on the cure for cancer if it was a liberal who found it.
 
2012-07-09 10:40:57 AM

EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?


Senate Minority Leader Mitch McConnell, R-Ky., has called for a one-year extension of all the Bush tax cuts while Congress seeks to revamp the entire tax code.

"What we ought to be doing is extend the current tax rates for another year with a hard requirement to get through comprehensive tax reform one more time," Sen. McConnell said.
 
2012-07-09 10:42:14 AM

sweetmelissa31: EvilEgg: We do have a spending problem. We are spending too much on the wrong things, our military budget is way out of proportion.

I would like to know how you intend to fight the Soviets with that attitude.


I'm pretty sure that most would be emperors would agree that you should just leave the Russians alone, trying to invade is a mistake.

/Are they still Soviets?
 
2012-07-09 10:46:54 AM
Obama speaking on the topic at 11:50AM EDT Link
 
2012-07-09 10:47:37 AM
The extension will not offset the new health care tax so really he's raising taxes but I'll be damn if I see that in a headline any time soon.
 
2012-07-09 10:49:55 AM

Diogenes: I say let the Bush Tax cuts expire for everyone.


This.

We need to pay for a war, social programs and infrastructure improvements. All these things cost money.
 
2012-07-09 10:52:27 AM

The Stealth Hippopotamus: The extension will not offset the new health care tax so really he's raising taxes but I'll be damn if I see that in a headline any time soon.


The new healthcare law results in a $5,210 tax credit for the majority of middle class Americans.
 
vpb [TotalFark]
2012-07-09 10:57:20 AM

EnviroDude: vpb: Hopefully he will let them expire.

We have a revenue problem, not a spending problem.

One could confiscate 100% of the wealth of the rich and still not be able to run the government for more than 60 days.

Spending problem, not revenue problems.Weaver95: so you DO want to raise taxes on the middle class?

Taxes have already been raised on the middle class. Haven't you been paying attention?Slaxl: You seem to be operating under the misconception that Obama is going to read your posts, or that they contain anything worth reading.

You seem to be under the misconception that Obama actually cares about the poor and middle class.


No one could make that mistake about Romney or anyone on the right.
 
2012-07-09 10:59:07 AM

Diogenes: IT'S NOT A TAX INCREASE. I know what you're trying to do with Enviro, but don't. We'll descend into another ACA "it's a tax and not a penalty" Reese's Peanut Butter cup routine.

Expiration of a freebie is not an increase.


When there is less money in my pay check at the end of the week? It'll sure as hell will FEEL like an increase and even the most rational person is going to think of it that way.

While there may be a lot of problems that need to be addressed, anything that makes my paycheck go down is something I don't want to see happen. I simply can't afford to see my check go down in the slightest at this time. I have to keep a roof over my head on my own, and haven't seen so much as a cost of living raise in 3 years.
 
2012-07-09 11:06:11 AM
The GOP will tack on a massive tax cut for the top, Obama will sign it so as not to appear to be raising taxes on the middle class, just like what happened when he resigned the Bush tax cuts.
 
2012-07-09 11:08:13 AM

The Stealth Hippopotamus: The extension will not offset the new health care tax so really he's raising taxes but I'll be damn if I see that in a headline any time soon.


Do you have a Page 2 citation at least?
 
2012-07-09 11:35:42 AM

Weaver95: Obama, in an address from the White House later Monday, will call on Congress to pass a one-year extension of tax cuts for households making less than $250,000 a year, said senior campaign adviser Robert Gibbs.

it's gonna be GREAT watching the GOP fight to raise taxes this year! Norquist will reap his tally of souls and then some.


Extra bonus FARK goodness: this tax cut is supposed to be part of the Bush tax cut package, IIRC.

Obama is ramping up the troll meter to 11 while apparently trying to do the common citizen some good.
 
2012-07-09 12:17:33 PM

EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).


Please take a moment to look up the time series of percent of GDP that federal government revenues represent and get back to the class with what you've learned.

.... since I am pretty sure that your are insufficiently bright to find it yourself, here's a hint: Feel free to check out Table E-1, meatball.

But, hey.... go ahead and let your complete ignorance continue to show through in your comments here. We are happy to have your utter cluelessness confirmed over and over.
 
2012-07-09 12:18:26 PM

mrshowrules: The Stealth Hippopotamus: The extension will not offset the new health care tax so really he's raising taxes but I'll be damn if I see that in a headline any time soon.

Do you have a Page 2 citation at least?



Link
 
2012-07-09 12:33:15 PM
We don't just have a tax revenue problem, we have a liquidity problem.

Cash is getting sucked out of local economies and not passed around. Cutting taxes on the top does nothing to address this. Corporate tax cuts don't resolve the issue of folks passing cash around more. Much like reducing unemployment benefits results in less folks being able to keep up their rent payments, or their utility payments, or their loan notes.

We need to address the issue of cash flowing through the economy in natural patterns, as opposed to subsidies to entities that ship those payments right outside, to offshore accounts, to factories outside the US, or to forming their own distribution nets that cut out locals, and then don't pass those savings onto the consumer.

We need to be encouraging local investments. Local entreprenuership. Those are the folks who drive things, not just the largest players. McDonald's and Burger King have their own distro net--they don't buy from local players. They don't use local purveryors. This cuts out a lot of players, and it doesn't lead to lower prices, since these folks are profiting from the increased load on other players to compete with their prices, and only undercutting them by so much. We need to make competition, real competition possible.
 
2012-07-09 12:38:59 PM

EnviroDude: Slaxl: You seem to be operating under the misconception that Obama is going to read your posts, or that they contain anything worth reading.

You seem to be under the misconception that Obama actually cares about the poor and middle class.


So because Obama doesn't care about the poor he'll read your posts if you address them to him?

Just call him Fartbongo, it's funnier and adds more credibility to your posts.
 
2012-07-09 12:40:24 PM

hubiestubert: We don't just have a tax revenue problem, we have a liquidity problem.

Cash is getting sucked out of local economies and not passed around. Cutting taxes on the top does nothing to address this. Corporate tax cuts don't resolve the issue of folks passing cash around more. Much like reducing unemployment benefits results in less folks being able to keep up their rent payments, or their utility payments, or their loan notes.

We need to address the issue of cash flowing through the economy in natural patterns, as opposed to subsidies to entities that ship those payments right outside, to offshore accounts, to factories outside the US, or to forming their own distribution nets that cut out locals, and then don't pass those savings onto the consumer.

We need to be encouraging local investments. Local entreprenuership. Those are the folks who drive things, not just the largest players. McDonald's and Burger King have their own distro net--they don't buy from local players. They don't use local purveryors. This cuts out a lot of players, and it doesn't lead to lower prices, since these folks are profiting from the increased load on other players to compete with their prices, and only undercutting them by so much. We need to make competition, real competition possible.


i'm pretty sure the GOP considers that to be some form of socialisms.
 
2012-07-09 01:02:00 PM

Weaver95: i'm pretty sure the GOP considers that to be some form of socialisms.


Compete in a free market? That is just Un-American...
 
2012-07-09 01:04:28 PM

hubiestubert: Weaver95: i'm pretty sure the GOP considers that to be some form of socialisms.

Compete in a free market? That is just Un-American...


If we had an actual free market in this country, most of the 1% would shiat themselves in blind fury.
 
2012-07-09 01:16:24 PM

Mugato: EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You could put a spin on the cure for cancer if it was a liberal who found it.


img443.imageshack.us
 
2012-07-09 01:16:41 PM
Wasn't ObamaCareTax the biggest tax increase on the middle class in history? Let's not call him a tax cutter without making sure to include those ObamaTax numbers.
 
2012-07-09 01:16:48 PM
fark it. Let them expire. That should at least get rid of the deficit problem.
 
2012-07-09 01:17:18 PM

Weaver95: hubiestubert: Weaver95: i'm pretty sure the GOP considers that to be some form of socialisms.

Compete in a free market? That is just Un-American...

If we had an actual free market in this country, most of the 1% would shiat themselves in blind fury.


That is, in part, what has fueled my parting of the ways with the Republican Party: a steadfast refusal to even acknowledge the assisted market model, while fueling it and throwing billions in taxpayer dollars to throttle competition from local markets. We say that we want entreprenuership, but if there is at all the least threat to the assisted market model, then folks scream FOR GREAT FREEDOM! and bash it over the skull...
 
2012-07-09 01:17:31 PM

SlothB77: Wasn't ObamaCareTax the biggest tax increase on the middle class in history?


Nope.
 
2012-07-09 01:18:48 PM

SlothB77: Wasn't ObamaCareTax the biggest tax increase on the middle class in history? Let's not call him a tax cutter without making sure to include those ObamaTax numbers.


This thread needs more Republican talking points and less facts.
 
2012-07-09 01:19:27 PM
Continuing the policy of FAIL that got us into this mess in the first place.
 
2012-07-09 01:21:33 PM

The Stealth Hippopotamus: mrshowrules: The Stealth Hippopotamus: The extension will not offset the new health care tax so really he's raising taxes but I'll be damn if I see that in a headline any time soon.

Do you have a Page 2 citation at least?


Link


On couples making over $250,000 a year and individuals making over $200,000...
 
2012-07-09 01:23:42 PM

Pro Zack: Continuing the policy of FAIL that got us into this mess in the first place.


You must be excited, this November you Republicans get to vote for George W Bush again. The same policies that had a decade of success!

/Vote Republican
 
2012-07-09 01:23:48 PM

SlothB77: Wasn't ObamaCareTax the biggest tax increase on the middle class in history? Let's not call him a tax cutter without making sure to include those ObamaTax numbers.


O: Here's what I want to do to reform health care, the ACA.

Rs: Obama's health care plan will fail! Call it Obamacare!

O: Thanks for passing the ACA

Rs: Obamacare! The American People hate Obamacare!

AP: We hate death panels and such, yes.

O: Okay, here's a list of stuff Obamacare will do for you all. Anyway, let's see what the Supreme Court says.

SC: It's good.

AP: Huh, now that I hear of the things in Obamacare it's actually not so bad.

Rs: ObamaTax! Call it ObamaTax!
 
2012-07-09 01:24:15 PM

NateGrey: SlothB77: Wasn't ObamaCareTax the biggest tax increase on the middle class in history? Let's not call him a tax cutter without making sure to include those ObamaTax numbers.

This thread needs more Republican talking points and less facts.


Isn't that the same thing?
 
2012-07-09 01:25:19 PM

timujin: The Stealth Hippopotamus: mrshowrules: The Stealth Hippopotamus: The extension will not offset the new health care tax so really he's raising taxes but I'll be damn if I see that in a headline any time soon.

Do you have a Page 2 citation at least?


Link

On couples making over $250,000 a year and individuals making over $200,000...


If I was making over 250,000, I would be fine with paying an additional $5000+ in taxes to help my fellow Americans get affordable health insurance.

But then again, I actually believe in the teachings of Christ.
 
2012-07-09 01:25:19 PM

bwilson27: NateGrey: SlothB77: Wasn't ObamaCareTax the biggest tax increase on the middle class in history? Let's not call him a tax cutter without making sure to include those ObamaTax numbers.

This thread needs more Republican talking points and less facts.

Isn't that the same thing?


Yes, but faster.
 
2012-07-09 01:25:38 PM

vpb: EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).

Hopefully he will let them expire.

We have a revenue problem, not a spending problem.


We've got both, you goofballs. Why do people have such a hard time with this?
 
2012-07-09 01:26:00 PM

NateGrey: This thread needs more Republican talking points and less facts.


We have a bingo card for that, I think. Or just take a shot every time a sound-bite gets repeated. Personally, I hit the ignore button on anyone who says "Spending problem, not revenue problem" because while the idea might merit debate, the wording is a clear sign the poster has nothing useful to add besides more sound-bites.
 
2012-07-09 01:26:42 PM

NateGrey: Pro Zack: Continuing the policy of FAIL that got us into this mess in the first place.

You must be excited, this November you Republicans get to vote for George W Bush again. The same policies that had a decade of success!

/Vote Republican


at least we will have health insurance, even if we don't have a job.
 
2012-07-09 01:27:16 PM

Moosecakes: vpb: EnviroDude: A one year extension? Meaning enough to get us through the election? What then, Mr. Obama? Are you going to let them expire? Are you going to set up the GOP with a sunset like the democrats did with the interest rates on student loans?

You have a spending problem, Mr. Obama. Not a revenue problem - unless it is that 50% of the people that earn money don't pay income taxes. But even you knows what will happen if you forced those people to pay them (income taxes).

Hopefully he will let them expire.

We have a revenue problem, not a spending problem.

We've got both, you goofballs. Why do people have such a hard time with this?


This.

Our military spending could be slashed heavily and we'd still have the largest military budget in the world.

But of course, we only go after non-military discretionary spending, which is small potatoes.
 
2012-07-09 01:27:59 PM

EighthDay:

But then again, I actually believe in the teachings of

attributed to a guy named Christ.

ftfy
 
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