It sounds fair to me. Tax cuts for those who need them, as opposed to those who don't. The wealthy have had their cuts for eleven years, and where are the jobs they were supposed to create?
We also need the Buffett Rule to partially level the playing field.
Rave this if You Want Tax Cuts!
ServantOfAllah
2012/07/09 12:45:43
Rave this if You Want Tax Cuts!
According to a White House official, seeking to spare the economy the impact of taxes going up on January 1, President Barack Obama will call on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year.
Obama will make the request in a statement at the White House, said the official, who spoke on condition of anonymity. Republicans in Congress, however, are unlikely to be swayed, as they have consistently argued that the Bush tax cuts should be extended for everyone.
Obama has made what he calls "tax fairness" a key feature of his campaign for re-election on November 6, repeatedly urging Congress to make the tax cuts permanent for families making less than $250,000 a year.
See full story at http://nbcpolitics.msnbc.msn.com/_news/2012/07/09/12636121-ob...
See full story at http://nbcpolitics.msnbc.msn.com/_news/2012/07/09/12636121-ob...
We already know this administration's reading comprehension is limited, because they are unable to explain exactly what their favored bills contain, perhaps they cannot count either...
That's why I only go to medical doctors who treat using alternative therapies and no prescriptions. I have not taken a prescription medicine (other than 2 pain pills after gall bladder surgery) in 26 years.
I have Medicare, no other insurance, and have never used the Medicare. (I was not yet covered when I had the surgery).
By the way, I had excellent care, and my health care providers allowed me to set the amount of my payments to them. Two of the five bills are paid off and the third one will be this year. The other two will be paid off in two more years. I was not denied any procedure that was needed.
The compassionate difference with medical care is that there really are lots of private ways to receive the needed care, especially for children, at no cost. People donate every day to various hospitals and funds for health care. How many children have been treated due to the efforts of Danny Thomas, and now through his daughter, Marlo? How about the Shriners' Hospital and the various medical centers who contribute their knowledge and services to treat many people. That is from the HEART, not from the government.
It is NOT the government's business and they should not oversee it.
For once they are in it, some special interest group ...perhaps the pharma industry?........ is going to be there, handing out money and favors to get the government to do things in a way that yields them the greatest profit, instead of providing the best care...
Sound like anything we already know about?
Or, demand your tax cuts, demand the spending and face the imminent liquidation of the Republic and watch its assets, its people, become the property of the debt holders.
Republicans in Congress absolutely REFUSE to compromise and help 90 percent of Americans.
Why do Right Wing Scum continually do harm to this nation?
Our Republican Congressmen are clearly controlled by Plutocrats, at the expense of America and 90 percent of its citizens.
Let's see now? If they are wealthy chances they own an expensive home maybe two? And some income property? Are they not paying property taxes on all that?
If you own a business in say a 6000 sq. foot facility are you not paying taxes on the electricity and internet provider?
If they own a small business and pay themselves a salary they not only pay their portion for their employees but they pay the whole amount for themselves!
If say they are wealthy enough to have a stock portfolio they pay taxes on any capital gain! Many companies like Fender Guitar that are privately owned for years actually go public to get out from underneath tax debt!
And most of your congressmen are very well aware of this!
Hummm....I'm thinking they are already paying more!
Remember the Shinola!
We also need the Buffett Rule to partially level the playing field.
The tax cut came up because Bush's cuts expire at the end of this year. The expiration date was written into the law by John Boehner, so it could pass the Senate using reconciliation.
Secondlyyes the system we have does have it's problems. But if you think that replacing it with a bunch of goverment burueacrats is going to fix it then you should take a good look at the VA system and see how goverment pencil pushers can screw things up.
The system we have does not have "problems." It is a disaster, the most expensive in the world by far and one of the least effective. I wonder what you would be saying if you were one of the millions who are still losing their coverage.
Plenty of people would like to go to work for themselves, but they don't want to leave an employer who offers good health care benefits.
If health care wasn't tied to employment, those people might just cut loose to go into business for themselves.
I thought the system was great, and I wish we could get our heads out of the sand long enough to join the 21st Century on health care.
In the meantime maybe we will have to keep all the bush era tax cuts but make other changes. My...
In the meantime maybe we will have to keep all the bush era tax cuts but make other changes. My choices are: make the medicare tax payable on all income both earned and unearned. Medicare tax should payable on income before any exemptions or deductions. Social Security tax should be payable on all earned income before exemptions or deductions. Increase personal exemptions from $3800 to $8000. Cap the mortgage interest deduction at $15000. Redefine capital gains so that the rate applies only to investments that provide US jobs - for example, you have investment income from a company that has 5000 employees but only 2000 of the employees pay income tax in the US then only 2/5 of that income is considered capital gains. The rest is ordinary income. Allow no deductions for money given to charity by corporations or individuals.
Here's another better idea. Allow the Bush cuts expire for anyone earning more than $250,000. They still get a cut for earnings up to $250,000, but anything above that figure returns to 39.6%. That is where it was during the Clinton years, the longest period of economic growth in the nation's history.
tax fairness is an oxymoron if OBAMA decides what's 'fair'.
he's president, not king.