Republicans are voting AGAINST tax cuts for the bottom 98% of americans, right now

[DonWan 10+ year member]

Well, my two cents on the subject.. No one has a clear answer the Republicans nor the Democrats, It's all speculation for instance the spending that Obama did, he said it would work this and that blah blah blah, some experts said yeah it would work and others experts said no it won't. WHO do you believe? Nothing that the experts said it would do yet. I like watching CNN when they are having a debate, "This is Charlie he has a degree has went to Stanford and has been in politics for so long" Alright so the guy knows more then I I'm sure, but let's start speculating EVERYTHING. I know one thing and that's Bush ****** BALLS, and if Palin ran for president and won I would seriously go drive off a bridge,That ***** is dumb as ****..

I know that somethings like tax cut help the people which is nice, but I lean more on the republicans on this. We need our rich people getting cuts as well, there are people that run small businesses that make 500k a year and so there going to get taxed not sure my guess is 20k if not more and that can be someones wages :/ for a year granted it's not much but someone can get a piece of that pie..

 

[AlterEgo99 5,000+ posts]

Who care!? We can post pics in the Dome!!!! //content.invisioncic.com/y282845/emoticons/woot.gif.aaa6090e619a97b6090d16dd863c5a69.gif

 

[AlterEgo99 5,000+ posts]

 

[AlterEgo99 5,000+ posts]

 

[audiolife 5,000+ posts]

Prox is trying to put a spin on the Obama tax increases...this is funny

 

[AlterEgo99 5,000+ posts]

ndeed

 

[Proximity 10+ year member]

there are people that run small businesses that make 500k a year and so there going to get taxed not sure my guess is 20k if not more and that can be someones wages :/

It wouldn't be someone's wages because the payroll is tax deductible. So if a business had $500k revenue and $300k payroll, only $200k would actually be taxed. Forgetting all the other business deductions, of course. For all intents and purposes, only business profit is taxed.

 

[audiolife 5,000+ posts]

This is going to get funny. Democrats in power now couldn't run a lemonade stand.

 

[AlterEgo99 5,000+ posts]

 

[Proximity 10+ year member]

Senate Republicans Reject Obama's Plan to Extend Tax Cuts for Middle Class Only - FoxNews.com

So basically, for republicans:

$60 billion for unemployment benefits that directly stimulate the economy: BAD

$700 billion for bonus tax cuts on income over $250k for the richest 2% of people that have no effect: GOOD

Why Democrats Won't 'Pay For' Extended Unemployment Benefits

Mainstream economists say dropping the extended benefits .. could reduce annual economic growth by nearly one percent and could cost up to one million jobs. That's because the nearly 10 million people relying on an average $290 a week tend to spend the money immediately on necessities like food and shelter.

 

[Proximity 10+ year member]

I also want to mention something else. I'm sure know one here knows anything about this, but the business tax in MI (cleverly dubbed the Michigan Business tax) is a tax on a business's gross revenue, and I'm against that because it DOES hurt jobs/growth because it DOES tax income that could be potentially used to hire people (something that federal taxes don't do, again, because payroll is deductible).

However, repealing that would require raising taxes on a business's profits (or, in Michigan's case, creating one) and/or the rich. At least, in my opinion that is what should happen.

 

[Proximity 10+ year member]

No wonder the Republicans are pushing so hard for their buddies, look how horrible it would be if you were making over a million dollars and your tax cuts ended. You'd lose about $98k a year! Man, what a horrible life you'd be living!

 

[audiolife 5,000+ posts]

funny we had elections about a month ago and the dems were crushed and this WAS a major issue..........