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Old 07-06-2011, 01:55 PM  
HonestChieffan HonestChieffan is online now
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Obama insists on Tax Increases....insanity

http://reddogreport.com/2011/07/whit...enue-positive/


When the talks broke down Obama made some bullshit up to blame the republicans....

Cantor came forward with the tax increase story:http://thehill.com/blogs/blog-briefi...cuttled-talks-

The Hill — House Majority Leader Eric Cantor (R-Va.) said Wednesday that Republicans did not leave the debt talks over corporate loopholes, as President Obama said, but over taxes.

For the first time since President Obama publicly blamed GOP lawmakers last week of leaving bipartisan negotiations over “loopholes,” Cantor told reporters “that’s just not the case.”

Cantor was emphatic that the impasse was due to Democratic demands to raise taxes to pay down portions of the debt ceiling increase; Republicans said from the start of the debate that tax increases are a non-starter.

“To hear the president come forward an indicate somehow that those talks stopped or somehow blew up over loopholes is just not the case,” Cantor said to a roomful of journalists.

Cantor called it “not serious to say that somehow we Republicans walked out over a corporate loopholes.”
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Old 07-06-2011, 01:59 PM   #2
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Interesting. Cantor is backtracking on his previous statements, which means there is probably a deal coming soon, and it includes closing loopholes.
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Old 07-06-2011, 02:13 PM   #3
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Quote:
Originally Posted by Forward Dante View Post
Interesting. Cantor is backtracking on his previous statements, which means there is probably a deal coming soon, and it includes closing loopholes.
Probably. Cantor is a POS and a liar. To him closing tax loopholes is raising taxes like all idiot Republicans think
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Old 07-06-2011, 02:21 PM   #4
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Quote:
Originally Posted by dirk digler View Post
Probably. Cantor is a POS and a liar. To him closing tax loopholes is raising taxes like all idiot Republicans think
What are these tax "loopholes"? I see the word thrown around but what are they?
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Old 07-06-2011, 02:28 PM   #5
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Quote:
Originally Posted by RaiderH8r View Post
What are these tax "loopholes"? I see the word thrown around but what are they?
Favorable tax treatment for corporate jets, hedge funds, and big oil.
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Old 07-06-2011, 02:31 PM   #6
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Quote:
Originally Posted by dirk digler View Post
Probably. Cantor is a POS and a liar. To him closing tax loopholes is raising taxes like all idiot Republicans think
What do you call it ? A severance tax ? A luxury tax ? Seems as thought the company / person is breaking away from what they had or paying into more because of it. Either way it is a loss of income for that company / person in question.

So what do you call it ?
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Old 07-06-2011, 02:31 PM   #7
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Allowances for 47% of wage earners to pay zero is a major loophole
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Old 07-06-2011, 02:31 PM   #8
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Quote:
Originally Posted by RaiderH8r View Post
What are these tax "loopholes"? I see the word thrown around but what are they?
One of the tax loopholes is for oil and gas companies. IIRC it is around $20-30 billion
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Old 07-06-2011, 02:33 PM   #9
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Favorable tax treatment for corporate jets, hedge funds, and big oil.
And if these favorable tax treatments continue to keep people employed, it's not OK. What will you say when these are taken away and jobs are lost?

Answer: What, Don't blame me ? They should have been paying them all along.
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Old 07-06-2011, 02:34 PM   #10
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Quote:
Originally Posted by HonestChieffan View Post
Allowances for 47% of wage earners to pay zero is a major loophole
Close to 75% of Americans paid income taxes until the Bush tax cuts. The Child Tax Credit is primarily responsible for roughly half of Americans not having any income tax liability. Are you suggesting ending the Child Tax Credit?
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Old 07-06-2011, 02:35 PM   #11
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loophole is code for I have no ****ing idea what they are but Im against them...( stuff like depreciation)
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Old 07-06-2011, 02:36 PM   #12
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Currently in the transportation industry if some of these tax loopholes you speak of are closed, so are a whole lot more jobs. With a current loss of 20% of trucks & truck drivers since 2008 when our dear leader took office will create a bigger loss of jobs.

Thus creating bigger supply and demands for trucks and goods to the market, driving up yet higher prices at the market or retail stores.


Brilliant, just brilliant I say!
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Old 07-06-2011, 02:38 PM   #13
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Originally Posted by Forward Dante View Post
Close to 75% of Americans paid income taxes until the Bush tax cuts. The Child Tax Credit is primarily responsible for roughly half of Americans not having any income tax liability. Are you suggesting ending the Child Tax Credit?
That would be a good place to start, but then you are messing with the middle class..... back to square one, again.
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Old 07-06-2011, 02:40 PM   #14
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Close to 75% of Americans paid income taxes until the Bush tax cuts. The Child Tax Credit is primarily responsible for roughly half of Americans not having any income tax liability. Are you suggesting ending the Child Tax Credit?

With no hesitation.
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Old 07-06-2011, 02:40 PM   #15
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