bills_fan Posted September 8, 2008 Share Posted September 8, 2008 One has to ask, if Obama is elected, and his tax raises are passed, what happens to the additional revenue? This article foretells an enormous increase in suckling at the government breast, with no accountability whatsoever. Contrast this with McCain's idealistic notion to end earmarks as we currently know them. Link to comment Share on other sites More sharing options...
YellowLinesandArmadillos Posted September 8, 2008 Share Posted September 8, 2008 One has to ask, if Obama is elected, and his tax raises are passed, what happens to the additional revenue? This article foretells an enormous increase in suckling at the government breast, with no accountability whatsoever. Contrast this with McCain's idealistic notion to end earmarks as we currently know them. Since I am only going on what Obama has said, take that for what it is worth. But he plans to balance the budget. Considering we are running the largest deficits in the history of the U.S., it is probably the best thing to do. Ending the war will add a benefit in reducing spending and he claims that he is going to use part of that tax increase to give the middle class a tax break. Depending how "Middle Class is defined, it may not be that much of an increase in revenue. This is what is on his campaign website on the topic: http://my.barackobama.com/page/invite/obamaandtaxes Link to comment Share on other sites More sharing options...
molson_golden2002 Posted September 8, 2008 Share Posted September 8, 2008 One has to ask, if Obama is elected, and his tax raises are passed, what happens to the additional revenue? This article foretells an enormous increase in suckling at the government breast, with no accountability whatsoever. Contrast this with McCain's idealistic notion to end earmarks as we currently know them. McCain will cut government spending? But what about the rebate checks so necessary to prop up consumer confidence? Wouldn't cutting spending have the opposite affect? Link to comment Share on other sites More sharing options...
DC Tom Posted September 8, 2008 Share Posted September 8, 2008 McCain will cut government spending? But what about the rebate checks so necessary to prop up consumer confidence? Wouldn't cutting spending have the opposite affect? Let's be realistic here: neither one of these guys is cutting spending. The only difference is what they'll waste the money on. Link to comment Share on other sites More sharing options...
YellowLinesandArmadillos Posted September 8, 2008 Share Posted September 8, 2008 Let's be realistic here: neither one of these guys is cutting spending. The only difference is what they'll waste the money on. That is what I believe. My other question is if additional revenue does come in, will it be used to reduce the deficit or for more spending? I am not talking about reorganizing current spending or giving unnecessary tax breaks that increases the deficit even more. Link to comment Share on other sites More sharing options...
molson_golden2002 Posted September 8, 2008 Share Posted September 8, 2008 Let's be realistic here: neither one of these guys is cutting spending. The only difference is what they'll waste the money on. Obsolutely. No argument there Link to comment Share on other sites More sharing options...
KD in CA Posted September 8, 2008 Share Posted September 8, 2008 give the middle class a tax break how is he defining the 'middle class'? Link to comment Share on other sites More sharing options...
JK2000 Posted September 8, 2008 Share Posted September 8, 2008 how is he defining the 'middle class'? Here's a comparison between each candidates tax cut plans. Link to comment Share on other sites More sharing options...
KD in CA Posted September 8, 2008 Share Posted September 8, 2008 Here's a comparison between each candidates tax cut plans. Do you actually believe that from either candidate? You believe that Obama isn't going to raise taxes on people making $500,000 per year? That he's going to cut taxes for people making $200,000 per year? Yeah...when pigs fly. Also, does this mean that they are going to make Bush's tax cuts permanent and then change taxes by that amount? Or does this mean they are going to allow's Bush's cuts to expire and then make these cuts (which will be a net tax increase for almost everybody)? Link to comment Share on other sites More sharing options...
GG Posted September 8, 2008 Share Posted September 8, 2008 One has to ask, if Obama is elected, and his tax raises are passed, what happens to the additional revenue? This article foretells an enormous increase in suckling at the government breast, with no accountability whatsoever. Contrast this with McCain's idealistic notion to end earmarks as we currently know them. That's assuming that the wealthy that are targeted for Obama's tax hikes will continue to generate the same levels of taxable incomes going forward... Link to comment Share on other sites More sharing options...
DC Tom Posted September 8, 2008 Share Posted September 8, 2008 That is what I believe. My other question is if additional revenue does come in, will it be used to reduce the deficit or for more spending? I am not talking about reorganizing current spending or giving unnecessary tax breaks that increases the deficit even more. My expectation is that McCain will keep try to keep taxes and spending roughly the same, and Obama will try to raise both taxes and spending, with Congress enabling them just like the do Bush. I don't expect the deficit to be affected much at all. If I thought either of these guys stood for fiscal responsibility and would veto a budget heavily in the red, I'd vote for them in a heartbeat. Link to comment Share on other sites More sharing options...
VABills Posted September 8, 2008 Share Posted September 8, 2008 My expectation is that McCain will keep try to keep taxes and spending roughly the same, and Obama will try to raise both taxes and spending, with Congress enabling them just like the do Bush. I don't expect the deficit to be affected much at all. If I thought either of these guys stood for fiscal responsibility and would veto a budget heavily in the red, I'd vote for them in a heartbeat. So if a guy ran on anti-abortion, no foreign policy, anti-military, heavy Christianity, but was fiscally responsible you'd vote for him? One single issue? Link to comment Share on other sites More sharing options...
molson_golden2002 Posted September 8, 2008 Share Posted September 8, 2008 That's assuming that the wealthy that are targeted for Obama's tax hikes will continue to generate the same levels of taxable incomes going forward... They will probably generate more revenue in an expanding economy. Link to comment Share on other sites More sharing options...
DC Tom Posted September 8, 2008 Share Posted September 8, 2008 So if a guy ran on anti-abortion, no foreign policy, anti-military, heavy Christianity, but was fiscally responsible you'd vote for him? One single issue? Overgeneralize much? What part of "either of these guys" escaped your comprehension, you stupid !@#$ing dwarf? Link to comment Share on other sites More sharing options...
YellowLinesandArmadillos Posted September 8, 2008 Share Posted September 8, 2008 My expectation is that McCain will keep try to keep taxes and spending roughly the same, and Obama will try to raise both taxes and spending, with Congress enabling them just like the do Bush. I don't expect the deficit to be affected much at all. If I thought either of these guys stood for fiscal responsibility and would veto a budget heavily in the red, I'd vote for them in a heartbeat. Yes that would have to be a strong consideration. Even if that irrelevant statement of VABills were true. It would depend on Congress and his/her vp and the make up or attitude of Congressional politics at the time. Link to comment Share on other sites More sharing options...
pBills Posted September 8, 2008 Share Posted September 8, 2008 One has to ask, if Obama is elected, and his tax raises are passed, what happens to the additional revenue? This article foretells an enormous increase in suckling at the government breast, with no accountability whatsoever. Contrast this with McCain's idealistic notion to end earmarks as we currently know them. He also said that some of that money would benefit development of green energy and also help offset the cost in health care. Link to comment Share on other sites More sharing options...
finknottle Posted September 8, 2008 Share Posted September 8, 2008 Here's a comparison between each candidates tax cut plans. Didn't we already discuss this in another thread? I traced the Post's summary back to the source document, and I couldn't see where the numbers came from. Not saying they are wrong, just noting that there seems to have been an extraordinary amount of handwaving between what the original report said and what the Post say's. And I'm pretty skeptical about the Post's conclusions about the 160-600k range. Also, note that the Post's table has as a baseline assumption the expriation of the Bush tax cuts. Thus McCain's 'tax cuts' are really the present situation, while Obama's more modest cuts for those 111k+ should be read as an actual increase in taxes from the present. And the +8.7 and +11.5% increases at the top are *in addition* to the repeal of the tax cuts - they are more like 12% and 16% increases over todays rates. Link to comment Share on other sites More sharing options...
Chef Jim Posted September 8, 2008 Share Posted September 8, 2008 He also plans to double government funding of cancer. I feel that curing cancer, though a great feat, would hurt this country more in the long run than help it. Link to comment Share on other sites More sharing options...
erynthered Posted September 8, 2008 Share Posted September 8, 2008 He also plans to double government funding of cancer. I feel that curing cancer, though a great feat, would hurt this country more in the long run than help it. Kinda looks like a good POTUS candidate, eh? http://media.movieweb.com/news/05.2007/daveyJonesInt.jpg Link to comment Share on other sites More sharing options...
Chef Jim Posted September 8, 2008 Share Posted September 8, 2008 Kinda looks like a good POTUS candidate, eh? http://media.movieweb.com/news/05.2007/daveyJonesInt.jpg Actually more like this. Under my avatar it reads (too small to see here): Why vote for the lesser of two evils? Link to comment Share on other sites More sharing options...
Recommended Posts