You guys are arguing over nothing that will make a difference. The fact is, taxes are going up for the top 2% of earners. If you earn less than 200k per then your capital gains tax will not go up.
Ann Coulter Says GOP Should Give In To Obama On Taxes: 'We Lost The Election'
- Thread starter exGOPer
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Quote from Max E. Pad:
TO HIT CLINTON SPENDING LEVELS, OBAMA WOULD HAVE TO CUT 37% FROM BUDGET
The White House has proclaimed for all to hear that the Bill Clinton tax rates created magical years of prosperity. By the same token, they donât actually want to return to the Clinton tax rates for those earning less than $250,000 per year. But they ignore the biggest fact of all: Bill Clinton never spent like Barack Obama.
Adjusted for inflation, Clinton spent $2.24 trillion in 1993; that level stayed relatively stagnant, rising to $2.41 trillion in 2001.
Now letâs look at Obamaâs budgets starting this year: $3.8 trillion. By the time we hit 2022 under Obamaâs plan, weâll be spending $4.77 trillion. That means that Obama is spending twice what Clinton did.
Thatâs why no Democrat will ever agree to go back to Clinton-era spending. If they did, theyâd have to agree not to $1.2 trillion in spending cuts over 10 years, but to $1.4 trillion in spending cuts this year alone. Thatâs 37% of the federal budget.
Since we're gong back to the Clinton years, then jumping to the Obama years, maybe we should add those middle 8 years and the fall out. I know you all hate hearing about blaming Bush, but if the shoe fits.
WTF are you talking about?!?!
Obama has made his entire campaign speech about going back to the clinton years, with his tax rates, so that prosperity will hopefully ensue.
So If Obama is cheering for the prosperity in the clinton years, then he should also go back to clinton spending, only a drunk jackass would think taxes spur economic growth.
WHO DO YOU HEAR WANTING TO GO BACK TO THE BUSH YEARS???
Grow up.
And medicare, and social security, everything would have to take a hit, im fully in favour of cutting the military to add to that, but the pencil dicks on the left have taken entitlements off the table, and unbeknownst to the sheep, entitlements will be cut eventually when we simply cant afford them.
Now, come on. Has anything changed in the last 14 years? War spending, population, economy, import exports. Hell, let's go back to 1880 spending when the population was miniscule compared to today. 20% or more of all jobs lost forever due to technology. As in trading, we need to compare apples to apples, not just dollars to dollars.
And, no need for CAPS, no one wants to go back to the Bush years, we're still trying to get out of them.
And I never said taxes lead to economic growth, nor have tax cuts proven to do so. The Bush tax cuts have not produced anything.
Economic growth comes only from Demand, if we have demand, we increase supply, and the beat goes on.
yeah well dont bag on me, bag on Obama then, he is the simplistic idiot who thinks that higher taxes under clinton caused a major boom.
Obama actually thinks that Higher tax rates led to 20 million jobs, he completely dismisses the once in a century tech bubble, that happened inspite of higher taxes, not because of higher taxes.
Please Mr. Bill explain to me how higher taxes in the mid 90's led to an unprecedented, once in a hundred year boom.
Obama actually thinks that Higher tax rates led to 20 million jobs, he completely dismisses the once in a century tech bubble, that happened inspite of higher taxes, not because of higher taxes.
Please Mr. Bill explain to me how higher taxes in the mid 90's led to an unprecedented, once in a hundred year boom.
What a load of shit, Obamas own economists have produced papers saying that the expiration of ALL bush tax cuts would lead to a 2-3% contraction in GDP.
This is from Christina Romer, so if pulling the tax cuts would lead to a 2-3% contraction, it is safe to say that the tax cuts have boosted the economy, only an idiot would argue against that point.