Comments on: Obama’s Backdoor Tax Increase (Letting the Bush Tax Cuts Expire)

By: Greg Ledbetter

Greg Ledbetter — Sat, 04 Dec 2010 20:56:50 +0000

Obama isn’t wanting the Bush tax cuts to expire…he purposed a to leave the tax break for 98% of Americans who fall into the $250K or less range.

Republicans are all about the rich getting richer.

By: Barbara

Barbara — Mon, 27 Sep 2010 06:23:01 +0000

What scares me the most about the expiration of the Bush tax cuts is this-My husband and I make about 100,000 a year. With the way the taxes have been going lately, we actually bring home about approximately 50,000. It these tax cuts are allowed to expire, will we be lucky to bring home 40 or even 35000 a year? My husband retires in about 16 months. I’ll have to work for another 10 years. What bothers me the most is the fact that I will be able to bring more take home pay home while the middle class will be brought to it’s knees with the taxes that are going to unleashed on them.

By: david

david — Tue, 24 Aug 2010 19:38:08 +0000

The Bush tax cuts must be allowed to expire, and the only reason I needed to accept this fact was when Mitch Mconnell was on NBC being interviewed by David Gregory and repeatedly dodged the question, “How will you pay for these tax cuts?” The reason Mr. Mconnell did not answer the question is because he has no plans to pay for the tax cuts, save borrowing more money from China, and cutting programs like Social Security and Medicare.

I have noticed that Republicans have obstructed every single thing that the current congress has tried to do, but now they are acting like the sky is falling, and that we need to bring new legislation to the table to extend these tax cuts. I don’t want to see it happen. Why? Because over the last 10 years, all I’ve seen out of these tax cuts are a wrecked economy and CEO bonuses getting bigger each year. The intent here is not to punish the rich, but rather have them realize that in order to make ridiculous amounts of money in this country, you need to pay into the system that has made you rich.

Mark my words, if the Elite continue to perpetuate class inequality in this country there will be a day when the rest of us with no jobs and nothing to eat will come and take from you what we need. If the deck is stacked against us, we will simply eat the rich (since you have the attitude ‘let them eat cake’). Just look at the French revolution and learn, because it will eventually happen here at this rate.

By: Steve Dennis

Steve Dennis — Tue, 03 Aug 2010 10:14:54 +0000

Nicely said!

By: Karl Dellinger

Karl Dellinger — Mon, 02 Aug 2010 20:45:02 +0000

My Dear departed Dad used to regularly remind me…”as soon as society figures out they can vote themselves a free lunch, we are doomed”. For example the fall of Rome. There has not been any country or nation to survive more than 200 years, other than the good ole’ USA, without a catastrophic calamity that tests the very foundation of its people.
Unless we get some serious order restored, and soon, we will follow the Roman Empire into the pages of history.
Consider this…
In the early ’60s, the ratio of management types to the blue collar workers wages was somewhere around 30:1, today it is easy to find ratios in excess of 300:1.
Entitlements can not continue to exceed support (productive) workers. I have NO belief that in the next 10 years I will be able to collect ANY of the thousands of dollars I have put into Social Security.
Too many, WAY TOO MANY requirements, rules and other bureaucratic nonsense is required to produce a widget here. I live in Arizona and when I am told I can not build on a spot because a 2 foot wide patch of sand, that gets wet ONLY if it rains, is identified a navigable water-way, is an insult to common sense!
I spoke with a gentleman from Canada last year about his interest in building an industrial complex in an area where they were already established. He was told by the local narcissistic authorities that he had to provide for ‘the native plants he would displace’ in order to build.
His observation, “You must be joking! I just flew in over miles and miles of this same scrub brush!”.
He left. The same nasty little scrub brush is still sitting there, amidst transient camps and trash.
Wake up America, take our country back from special, hog trough feeding interests, or you may find yourself fighting for the next available scrub brush!

By: Steve Dennis

Steve Dennis — Tue, 06 Jul 2010 23:34:03 +0000

WOW! You are supid! Or– wow, you are stupid. Either of those sentences might have been a more appropriate, grammatically correct way to write your sentence in which you claim that I am the stupid one.

By: Nathan

Nathan — Tue, 06 Jul 2010 19:26:00 +0000

wow u are stupid.

By: DAN

DAN — Sat, 26 Jun 2010 13:18:00 +0000

What an absolute LIE. The example given about the 5% is total BS. That would only happen is Obama let ALL of the bush tax cuts expire, which has never been talked about except by scare tactic BSers like America’s Watchtower.
The bottom line is bush make temporary tax cuts (which overwhemingly benefitted the ultra wealthy) to hide the true long term cost. Now Obama is going to let SOME of the cuts expire, the cuts that benefitted a few but hurt the country as a whole.

By: Ad

Ad — Sat, 27 Mar 2010 20:02:54 +0000

I think were missing who was benefiting most. Tax cuts for the bottom 60% wouldn’t be that great loss to revenue. When we give a better tax break to a Millionaires, we basically chop off our own heads. That top 1% accounts for 32% of the Revenue we lost. 2.5 trillion we lost because of these cuts , 52% being the top 5%. Now if it was so beneficial then why are we currently still in a recession. It boggles my mind that someone who prospered so much in this country is not willing to pay his or hers fair percentage.

The lowest 20% only received a average of $773 over the past decade about $80 dollars a year . Look at the percentages and they increase according to income, starting with the lowest 20% seeing less then 1% and the top 1% was seeing a 4-5% break. I’m sure if the poorest saved for 10 years they could afford a extra months rent, while the richest can go buy a second home.

I would like to see the source of the 5% increase for the lowest tax bracket, 5% doesn’t correlate with the source i provide.

http://www.ctj.org/pdf/bushtaxcutsvshealthcare.pdf

By: Kurt

Kurt — Mon, 22 Mar 2010 01:00:58 +0000

How is this country going to repay the debts of the most profligate president in history – George W. Bush? His “tax cuts” are paid for by borrowed money to keep the government running. How did we go from a Clinton surplus to at least $53 trillion in total federal obligations over the next forty years? (See GAO.gov.) Our country can’t go through a Chapter 11 bankruptcy to clear away these obligations. How is the government is going to raise the revenue to pay its obligations? The words are “raise taxes” and “reduce spending”. There is no way around it unless we borrow more to pay off debts with interest. That is a one-way trip to total bankruptcy.