Source: Democratic National Party
quote: and asking the wealthiest to again contribute their fair share.
quote: How is forcing them to pay or go to jail asking them? I don't understand how they can use that language. It's not like the tax hikes they want are going to be optional.
quote: 9 times out of 10, the Congressional candidate who gets more money wins.
quote: They also cannot run a platform successfully based on their last 4 years of performance. Because there's nothing really positive there that people would want to vote for. Certainly not economically. Who would vote for 4 more years of this if one was truly objective?
quote: If you notice, since Ford/Nixon (Republicans) every single President has pushed spending as % of GDP higher, except for Clinton.
quote: There, I fixed it for you.
quote: "The huge debt amassed under Bush was almost entirely due to unfunded spending (2 wars, medicare D, and his tax cuts)."
quote: tax cut=revenue cut... so.. No they don't go up.
quote: This would only possibly work if taxes were so high that they impede the economy but the are pretty much at a 100 years low so you are wrong.
quote: High taxes on high earners like we had in the fifties did not impede a growing economy.
quote: Low taxes always seem to be linked with depressions.
quote: Again, if that were true, we would have full employment right now which we don't. Again, taxes have never been this low for anybody.
quote: The question becomes: what society or country do you want and how much are you willing to pay for it? It seems an awful lot of high earners want somalia these days.
quote: When tax rates have been cut REVENUES go up.
quote: Both wars cost less than than Obama's Reinvestment act. Do be careful to separate the entire military budget and the actual cost of the wars.
quote: Obama's reinvestment act only cost us around 800billion and over a third of that was tax cuts.
quote: Yes except that was overnight. The cost of the wars were spread out over 10+ years.
quote: The 4 year period after the Bush Tax cuts went into effect the IRS grossed all time high tax receipts. All time, as in highest ever in the country. Tax cuts ALWAYS stimulate the economy, which increase tax revenues.
quote: When Bush left office he had a $430 billion deficit. Not great by any means, but lets compare that to Obama's FIRST year in office shall we? Hmmmm, the billions somehow turned into trillions!
quote: Do you just enjoy rewriting history or something?
quote: Oh, I'm sorry. I completely forgot that if it's long term and done by a Republican then it's ok for it to cost the American public a lot more.
quote: Tax rates and receipts make a curve not a diagonal graph. I suggest you look up the Gaffer curve, since you seem to be confused
quote: You're joking right? Are you forgetting about the bank bailouts that got tacked onto FY09, which Obama had little impact on besides adding the reinvestment act. So it's not as much of a gap as you are implying. So a better comparison would be FY09, which was Bush's budget minus 800 billion, and FY10 which was Obama's first budget. So 1.4trillion - 700bil = 700bil was Bush's last deficit vs the 1.3trillion of Obama's first budget - the 400bil loss in tax receipts = 900bil. So Obama didn't go on a spending spree as you suggest. Furthermore, deficits are always higher during recessions, that's just how it works.
quote: False. It didn't happen in '02, or '03. The only time that revenues go up is when we are taxing too much and cut those taxes. Look up the Laffer Curve if you don't believe me.
quote: I agree. Plus Ron Paul will also pull your Military from all around the world which will mean more soldiers to protect American soil and Billions of dollars saved.
quote: Yeah, I keep hearing this "fair share" rhetoric thrown around... but for the life of my I can't figure out what they mean.
quote: If you think about it the only "fair" tax rate is 0%. Everything after that is only degrees of theft.
quote: Remember the first Federal Income tax law was swatted down by the Supreme Court, because it's an obviously Unconstitutional concept. The Government has no legal authority to your wages.
quote: Says the troll typing on his computer on the federal government funded internet.
quote: Can't remember the exact figure, but doesn't the top 10% pay ~70% of all net taxes? And the top 40 pay more than 90%.
quote: The top 20% owns owns about 85% of the total wealth in the country so I see no problem with them paying 85% of all net taxes.
quote: Set a spending budget, collect that much in taxes, or the other way around if you want to limit government.
quote: That way people who only made $1,000 that year pay $100, and the people who made $1,000,000 pay 100,000. That would make the millionaire pay one thousand times the amount of the person making only 1,000 that year.
quote: My opinion is that you need to make an allowance for basic cost of living. Break up how people spend their incomes into needs and wants. Needs shouldn't be taxed, wants should be.
quote: If you made federal income taxes flat, overall taxes would be catastrophically regressive.
quote: You are talking about federal income taxes only. You're ignoring federal payroll taxes, and you're ignoring state/local taxes.