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Do you think Congress should extend the expiring middle-class tax cuts?

L.A. Times 2012/11/27 16:05:07
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President Obama is heading back out on the campaign trail this week -- this time to pressure Congress to extend the expiring middle-class tax cuts. Lest anyone miss the holiday spin of this public campaign, the White House issued an analysis Monday predicting how the automatic tax increases could hurt the winter shopping season. Obama is expected to mention its findings, including its estimate that the hike would put a $200-billion crimp in consumer spending in 2013.

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Read More: http://www.latimes.com/news/politics/la-pn-obama-m...

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  • DavidK 2012/12/08 07:44:01
    Yes
    DavidK
    f they cave in and go along with Obama and we go over the cliff, its the Republicans fault. If they hold their ground and we go over the cliff, its the Republicans fault. Funny thing is, NEITHER would be the case! The Democrats control Congress and the President needs neither with his executive order power!
    So you tell me how the Republicans could avoid being blamed? Obama and the Dems will find a way to pass the buck!
    The only time Obama takes credit is if something positive happens, like when they killed Bin Laden. Otherwise, its the REPUBLICANS fault!
  • redhorse29 2012/12/06 18:53:46
    No
    redhorse29
    +1
    No. I feel we should all go over the cliff together. Obama has stated he supports going over the cliff if he does not get what he wants. Then lets go over together. This is a massive government screw-up brought to a head by an inept fool in the Oval Office.
  • roxie 2012/12/02 01:52:00
    Yes
    roxie
  • Wolf 2012/12/01 15:38:06
    No
    Wolf
    Do nothing---the US will implode quicker and the Communism here can be removed---
  • pizzaman7 2012/11/29 20:13:34
    Yes
    pizzaman7
    +2
    Taxes are REGRESSIVE to the economy. They don't add jobs and they don't grow the economy. The Federal Government spends $4 billion a day and we are at $16+ trillion in debt. People want the spending to stop ! http://www.rasmussenreports.c...

    The real problem in this country is the outrageous spending. It isn't helping us is it. With $6 trillion spent in the last four years we are still over 8% unemployment and the U6 rate is 14.6%.

    The tax increases would fund government for an entire 8 days ! http://www.breitbart.com/Big-...
    Even if we take 100% of the money from the rich we would government for something like 236 days. This is a joke.

    The more money we give these people the more they spend. When has the government ever cut the national debt ? They don't deserve our tax money !

    Where are the Democrats on compromise ? http://www.breitbart.com/Big-...

    Obama's spending spree.....
    http://www.realclearpolitics....

    the US Comptroller and head of the GAO, David Walker, warns of the consequences of reckless government spending....

    http://www.youtube.com/v/DUTX...

    the unbelievable size of government ! look at this massive list of agencies and what they cost us !!! How over-regulations are hurting our economy...and what a democratic supporter says about this administra...






    Taxes are REGRESSIVE to the economy. They don't add jobs and they don't grow the economy. The Federal Government spends $4 billion a day and we are at $16+ trillion in debt. People want the spending to stop ! http://www.rasmussenreports.c...

    The real problem in this country is the outrageous spending. It isn't helping us is it. With $6 trillion spent in the last four years we are still over 8% unemployment and the U6 rate is 14.6%.

    The tax increases would fund government for an entire 8 days ! http://www.breitbart.com/Big-...
    Even if we take 100% of the money from the rich we would government for something like 236 days. This is a joke.

    The more money we give these people the more they spend. When has the government ever cut the national debt ? They don't deserve our tax money !

    Where are the Democrats on compromise ? http://www.breitbart.com/Big-...

    Obama's spending spree.....
    http://www.realclearpolitics....

    the US Comptroller and head of the GAO, David Walker, warns of the consequences of reckless government spending....

    http://www.youtube.com/v/DUTX...

    the unbelievable size of government ! look at this massive list of agencies and what they cost us !!! How over-regulations are hurting our economy...and what a democratic supporter says about this administration.....

    http://www.akdart.com/gov1.ht...
    http://www.youtube.com/watch?...
    http://www.youtube.com/watch?...
    http://www.businessinsider.co...

    We are going down the wrong path in this country ! Enough of the class warfare. For some of you liberals stop worrying how much other people contribute to society and start worrying what you contribute to society !
    (more)
  • Nickolie 2012/11/29 19:27:28
    Yes
    Nickolie
    What kinda crackhead votes no to tax cuts.
  • fitz 2012/11/29 18:29:01
    No
    fitz
    People should never forget that the American dollar is the world currency and, if we default, there could be a world wide depression. It is not inconceivable that an international currency could replace the dollar and our huge debt would create unimaginable inflation and chaos in the USA. The rest of the world is watching this news with serious concern.
  • Drummerlou 2012/11/29 17:56:23
    Yes
    Drummerlou
    +1
    The Greed of Capitalism got us in this mess,it should help to get us out.
  • gracemarie.collins 2012/11/29 17:26:30
    No
    gracemarie.collins
    +1
    No amount of extending, tweaking, raising or lowering taxes is going to fix the mess we are in. Our own two political parties can't even get along. Let's get the FairTax HR 25 passed so We the People are back in charge. Social security and medicare will be saved. We pay taxes when we see fit and keep our paychecks! Oh and hopefully never have to hear another stupid catch phrase like "fiscal cliff" again! www.fairtax.org
  • Magus BN-0 gracema... 2012/11/29 19:25:42
    Magus BN-0
    +1
    The "FairTax" is one of the most unfair tax schemes ever devised.
  • Marcus ... Magus BN-0 2012/11/30 07:54:26
    Marcus Clark
    You obviously know nothing about the FairTax.
  • Magus BN-0 Marcus ... 2012/12/02 04:01:18
    Magus BN-0
    Oh, I know quite a bit about the 30% national sales tax idea.
  • Marcus ... Magus BN-0 2012/12/02 06:13:29
    Marcus Clark
    There are 5 types of people against the FairTax.
    1)Lobbyists - who make a living buying tax favors for campaign contributions.
    2)dirty Congress critters - who make a living selling tax favors for campaign contributions.
    3)income tax preparation scammers and IRS officials - who make a living based on the income tax system.
    4)criminals (including illegal aliens) - who make their money on the black market and don't pay income taxes.
    5)people who just plain don't understand it and are afraid of what they don't understand.

    Which one are you?
  • Magus BN-0 Marcus ... 2012/12/16 04:08:05
    Magus BN-0
    No, the vast majority of "FairTax" opponents fall under a 6th category: people who do understand it and realize that it's just a scheme to shift the tax burden downward from the rich to the middle class.
  • Marcus ... Magus BN-0 2012/12/16 07:56:26
    Marcus Clark
    That statement clearly puts you in category 5, unless you are just a liar and really belong to one of the other categories.
  • JOHN Magus BN-0 2012/12/02 18:44:33
    JOHN
    +1
    A 9% effective rate on consumption is unfair??? How do you figure?
  • Magus BN-0 JOHN 2012/12/16 04:08:32
    Magus BN-0
    How do you come to the conclusion that a 30% sales tax is a "9% effective rate"?
  • Marcus ... Magus BN-0 2012/12/16 08:02:32
    Marcus Clark
    Maybe if you actually knew a little bit about the Fair Tax you would understand the very simple term "effective tax rate."
    It is all explained quite simply so that even you can understand it at the Fair Tax web site.
  • Magus BN-0 Marcus ... 2012/12/18 20:56:46
    Magus BN-0
    More "FairTax" mendacity.
  • Magus BN-0 2012/11/29 17:26:18
    No
    Magus BN-0
    +2
    Let all of the tax cuts expire. They were a mistake when they were enacted in 2001, so let's put an end to the error.
  • DavidK Magus BN-0 2012/11/29 17:33:24 (edited)
    DavidK
    +2
    oh I see, so that EVERYONES taxes go up huh. The fiscal cliff is waiting for you to take the leap. Yea, you voted for it, NOW PREPARE TO JUMP!
    Taxing the rich hurts everyone including the 700,000+ who will be added to the unemployment lines. Be prepared you fools.
  • Magus BN-0 DavidK 2012/11/29 19:25:12
    Magus BN-0
    +1
    It's not a "fiscal cliff" at all. That's just the propaganda term that the GOP gave it.
  • DavidK Magus BN-0 2012/11/30 05:32:18
    DavidK
    what would you call it when the liberals and Obama send us into another recession? The liberals, (like the unions did) are playing "chicken" with the Republicans and will allow the Country to fail. The Republicans will NOT be accountable for Obama and his Democratic controlled Congress after January's bad decisions have been enacted.
  • Magus BN-0 DavidK 2012/12/02 04:01:39
    Magus BN-0
    If there's another recesison, it'll be Republicans who cause it.
  • DavidK Magus BN-0 2012/12/08 07:40:33
    DavidK
    if they cave in and go along with Obama and we go over the cliff, its the Republicans fault. If they hold their ground and we go over the cliff, its the Republicans fault. Funny thing is, NEITHER would be the case! The Democrats control Congress and the President needs neither with his executive order!
    So you tell me how the Republicans could avoid being blamed? Obama and the Dems will find a way to pass the buck!
  • Magus BN-0 DavidK 2012/12/16 04:09:35
    Magus BN-0
    If Republicans were to cave to Obama's demands, that would stop us from "going over the cliff". And no, Democrats do not control Congress. Nor do executive orders play any role in this.
  • Tic-Toc Magus BN-0 2012/11/30 22:00:41
    Tic-Toc
    LOL Then why are the dem-o-rats that ones saing if the reps don't do as we tell them to, then we will be falling off this cliff?

    Grow some BALLS and take responsibility for Once. Everything in this country that is WRONG is in NO WAY all the fault of the reps... Don't forget.. ANY BILL that gets passed and Signed has to be voted on by BOTH PARTIES and then signed by the President reguardless which side he may come from
  • sodabox 2012/11/29 17:11:27
    Yes
    sodabox
    +2
    If the GOP doesn't change their tune they wont get the White House back, ever.

    tax rich
  • Jim 2012/11/29 16:51:22 (edited)
    Yes
    Jim
    +1
    The entire media narrative is focused on the wrong thing. Any talk at all that risks imposing more tax burden on the working and middle class must be repudiated.

    What SHOULD be the top talking point is to TAX WALL STREET! Tax them in a way that cannot be passed off onto anybody else. That is done by taxing the turnover or transfer of securities of all kinds. A FULL 1% OFF THE TOP EVERY TIME. I am not interested in the crocodile tears that would protest that such a tax would hit the same security many times. Boo F-ing Hoo.

    Wall Street and the Too Big To Fail Banks are responsible for this depression and the stench of economic death that hangs over us. There is roughly TWO QUADRILLION in derivatives and fictitious capital that gets churned every year. It uses arbitrage as the main crowbar to steal wealth out of the economy without any productive activity to show for it.

    Because the wealth is largely fictitious, a 1% tax on every securities sale or turnover will enable the controlled draining of the world's biggest swamp. If Goldman Sachs and JP Morgan want to do flash trades of millions per second, GREAT! ONE FULL PERCENT OFF THE TOP EVERY DAMN TIME.

    If we don't claw back all that stolen wealth, that giant global financial cancer will destroy us and the wealth will ult...
    The entire media narrative is focused on the wrong thing. Any talk at all that risks imposing more tax burden on the working and middle class must be repudiated.

    What SHOULD be the top talking point is to TAX WALL STREET! Tax them in a way that cannot be passed off onto anybody else. That is done by taxing the turnover or transfer of securities of all kinds. A FULL 1% OFF THE TOP EVERY TIME. I am not interested in the crocodile tears that would protest that such a tax would hit the same security many times. Boo F-ing Hoo.

    Wall Street and the Too Big To Fail Banks are responsible for this depression and the stench of economic death that hangs over us. There is roughly TWO QUADRILLION in derivatives and fictitious capital that gets churned every year. It uses arbitrage as the main crowbar to steal wealth out of the economy without any productive activity to show for it.

    Because the wealth is largely fictitious, a 1% tax on every securities sale or turnover will enable the controlled draining of the world's biggest swamp. If Goldman Sachs and JP Morgan want to do flash trades of millions per second, GREAT! ONE FULL PERCENT OFF THE TOP EVERY DAMN TIME.

    If we don't claw back all that stolen wealth, that giant global financial cancer will destroy us and the wealth will ultimately be lost forever. We may have to go into a Command Economy for a few decades to reestablish sane economic function. Free markets can NOT function with so much corruption and cancer.
    (more)
  • Jessie M 2012/11/29 14:37:18
    No
    Jessie M
    +1
    I think the Senate needs to do their job and the Obama Administration to stop blaming Congress.
  • Wahvlvke 2012/11/29 14:03:09
    Yes
    Wahvlvke
    +1
    And by the way .... it is the existing tax rates.
  • jmc07806-PWCM-JLA 2012/11/29 13:40:23
    Yes
    jmc07806-PWCM-JLA
    Actually all the "cuts" should be extended. Actually there are no cuts it is just to continue the existing tax rates, only politicians would call them cuts because they are greedy and want more instead of living within their means.
  • ready46xwu 2012/11/29 10:17:48
    Yes
    ready46xwu
    +1
    Just PAY THE GOVERNMENT WHAT THEY R WORTH!
    AND 'QUIT SENDING $$$ TO OTHER COUNTRIES~~
    "PROBLEM SOLVED"!
  • Tic-Toc 2012/11/29 08:22:25
    No
    Tic-Toc
    +1
    Let EVERYONE feel what obama is all about.
  • The Govenor 2012/11/29 05:25:04
  • Jeffrey Locke 2012/11/29 04:29:00
    No
    Jeffrey Locke
    +4
    The tax cuts for the middle class are not worth keeping although the Bush Tax Cuts are as they are on job producers and we need more jobs! In fact it would be better to adopt HR25/S13. Go to www.Fairtax.org to find out about the BEST answer to our fiscal cliff problem.
  • JCD aka... Jeffrey... 2012/11/30 17:26:37
    JCD aka "biz"
    The rich are not "job producers", small businesses create most jobs, and their owners are not wealthy. Even Boehner admitted in September 2011 that only 3% of the owners of small businesses would be impacted if Congress ended the Bush-era tax cuts for the rich.
  • Marcus Clark 2012/11/29 04:03:48
    No
    Marcus Clark
    +4
    The tax cuts were not "middle class tax cuts." (This is a spin to favor Obama and other democrats.)
    The tax cuts were not "tax cuts for the rich." (This is also a spin - on the same set of tax cuts - to jab at Bush and other Republicans.)
    The tax cuts were across the board for all.

    They were also a "band-aid" temporary "fix." They should not be extended (although that would be better than just letting them expire.) Instead, Congress should enact true tax reform. They should pass H.R. 25 and S. 13. Read more about it HERE.
  • abubincrazy 2012/11/29 03:07:48
    Yes
    abubincrazy
    +2
    Congress should CUT TAXES ACROSS THE BOARD.
    AND CUT SPENDING!
    That will get America working again.
    But that isn't what DC really wants.
    Unemployed people get federal hand-outs, and vote to keep the enablers in power.
    DC LOVES power, not America.
  • missfit 2012/11/29 02:00:14
    Yes
    missfit
    +3
    Congress should extend the middle-class tax cuts and end the tax cuts for those making over 250,000. And the Republicans need to move out of the way and not hold everything up trying to keep tax cuts for the wealthy too.
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