How do you justify raising the deficit ceiling while cutting taxes?
444009
short answer= repulicans sold our childerns future to make sure they stay in power, all legal all crap!
733674
No it's not.    You forgot "raise tax rates" even though cutting them actually BOOSTED federal tax revenue.
448524
I don't know if you can convince someone... it takes longer (and more money) to do something the right way... more money equals higher taxes... it seems like most people don't care about the "right way" to do things.. only the cheap way...\n\nI just hope the earth is more resilient than we think...
623738
This tax cut is a catch 22. You have to set in a $300,000.00 plus income bracket for this tax cut to do any aid. The tax cut is to save the failing stock market with all of the forced inflation, the higher numbers wont support themselves. The higher stock figures are just inflated to the max, and aren't real. The tax is a capital gains and dividends tax cut, that if your under $300,000.00 and you take the tax break, the tax break it throws you into a backdoor tax called the AMT tax. People wont know this until next year when they file their taxes. This whole thing is another Bush lie, and he is misleading to keep votes again. So as always the tax cut is for the rich, you know like Walmart, and Exxon Mobil of Texas. The whole thing is ridiculous, and that is what Americas forced inflation is all about. We are paying the riches taxes again.
896091
lower unemployment rate.  exactly what tax cuts do raise job market\n\nGross Domestic Product (GDP)\nTotal annual output of the U.S. economy, measured by its final purchase price. \nGDP is divided into four categories, according to the final purchaser: \n\n\nGDP = Consumer Spending \n+ Business and Residential Investment \n+ Government Spending \n- Trade Deficit. \n\nyou are not gonna get intelligent responses because your understanding of FACTS is wrong.  Learn what GDP is.
147042
if they increase spending either they can suck more taxes out of you down the road which will in time LOWER consumption\nOR they are spending on putting money into the public (raising welfare) etc which puts more money in the pockets of people and RAISES consumption
827347
The fairtax would not only improve my life, but the life of everyone.\n\nUnder this plan, I would not be punished for saving money or selling stocks for a profit.\n\nI am not sure why Steve thinks this would increase taxes on the poor, and give huge tax breaks to the rich.  This is simply not true.\n\nThis plan, like many national sales tax plans I have seen has a tax refund for all money spent up to the poverty level, which means the poor would pay nearly no taxes at all.  This plan would give an automatic $10,000 refund for a single person household, which increases for each additional person, meaning the poor would have at least an extra $10,000 a year of income.  If you are poor than you will not buy enough goods and services to surpass the $10,000+ yearly refund, so the net effect is more money in the pockets of the poor.  Remember a sales tax is a percentage of money spent on goods.  If the national sales tax is 23% and the refund is $10,000, a single person who pays $20,000 a year on goods and services, would have paid $4,600 in taxes.  However, under this plan he would receive a $10,000 refund yielding a net gain of $5,400 each year to either spend or save, and if he were to save it, he would not be taxed on the interest earned on the $5,400 savings.\n \nThe rich are the ones spending the most money, so they will pay the most under this tax plan. \n\nThis plan is the most fair, since if you do not want to pay any taxes then all you have to do is not buy anything and you won't pay any taxes!\n\nGreat Question!
806694
We don't need to raise taxes.   The government has more than enough money if it would reduce corruption and inefficiency.    The waste is staggering.
1007727
In a month, I probably couldn't really accomplish anything....but.... I'd push for the Fair Tax and repeal the income tax amendment (16th).  The current tax system is horrible.  How many times to companies and individual make decisions based on tax implications?  All too often.\n\nAlso, push hard for a good missile defense system.  N. Korea already has us targeted with missle that can to the job and Iran is probably not far behind.
437976
no tax cut unless you are rich\nand there will be no tax reform \naussie dog howard is going to have every worker paid less\nand pay more tax .\nmy question is who are the dickheads that keep putting him in power buy voting for this dog of a goverment
754330
Traditionally, Democrats are thought to raise taxes so they can fund their big programs, while Republicans are thought to lower taxes and have the tax savings go back into the economy, thereby supporting everyone.  Republicans would rather have the taxpayers decide how and where to spend their money; Democrats would like to spend it for them. \n\nWhat people fail to understand is that tax cuts help EVERYONE who pays taxes, not just the "rich" as the Democrats would have everyone believe. It is a fact that the lowest of the low wage earners actually pay negative income tax because of the Earned Income Credit.  This is straight from the IRS analysis of the latest stats compiled on filed returns, which was tax year 2004.  The "marriage penalty" hurts EVERYONE, especially middle class wage earners.  If the tax cuts aren't renewed, it will be back in 2010, and if you don't think it existed, just wait until you file a joint return for the first time when both spouses are employed full time and you don't have about six children.  And what of the "Death Tax"?  It too will return with a vengeance.  Democrats do not want to maintain the increased exemption.   And they want you to think only the richest of the rich incur this tax too, but that's not really true.  Your grandparents might have a farm that's mortgaged to the hilt, but an appraiser could come in and say it's worth two million and you, the heir, would be forced to sell the property or pony up the money for inheritance taxes because the "estate" account is broke, even though it was your dream to keep the farm going.\n\nI could go on and on with factual taxation issues.  Unfortunately, many of the people on this forum do not believe the facts regarding same, even though they can be verified with a little research.
709840
as long as it fits their agenda, not the people necessarily.  \nFix  budget?  Tax increases.  \nToo long to list and not worth the energy.
753536
Sure, if that's what is needed.  Truthfully, we have a great deal of tax revenue.  But I'd like to see it going for roads, education, health care, programs to help impoverished people.  And that's what tax revenue is for, to keep society functioning smoothly.  I also would like to see an equitable tax system.  And I'd like to see bureaucracy cut, one of the biggest drains of tax revenues.  And I'd like to see...\n\nPeace.
712658
By redistributing some of the wealth that has concentrated in the hands of the uber-wealthy.\n\nBy creating tax benefits that are tailored to help businesses that KEEP their business here, and pay living wages, instead of rewarding those who ooutsource to other countries.\n\nBy creating incentives and funding projets that seek to find alternative energy sources.\n\nBy puting money into science again. By allowing America to lead in scientific acheivement again.\n\nBy working to increase minimum wage, so more people can afford to buy things, thus stimulating the economy. (Every economic study proves that increasing the minimum wage stimulates the economy. EVERY STUDY!!!)\n\nBy increasing the number of American who can beome college educated, which enhances the economy in numerous ways, including having better wages, which again, stimulates the economy.
75232
On the backs of the state employees.  The proper thing to do is to have taxes at an appropriate level that provides for the needed services expected by the residents of Texas.  Many states will cut taxes too low and then have deficits.\n\nTexas will probably cut services and lay off state employees instead of raising taxes to support needed services.
586344
The tax cuts for the middle and lower class are fine.  The problem is, when you couple tax cuts with deficit spending you are acting fiscally irresponsible.\n\nIn addition, most people are unaware that the tax code favors the rich and that they have many more write-offs and exemptions which allow them to keep a larger percentage of their money.  Why should those who make less pay a larger percentage in taxes? Look also at capital gains tax...trust fund millionaires, who live off of only the interest generated by their money only pay 15% in taxes.  How is that fair?!\n\nThe Americans who are struggling (in poverty) do not pay taxes.  In fact, those who make the least can apply for Earned Income Credit and actually get money back at the end of the year.  The Americans who are in the middle class and are struggling can thank Bush (who has rubber stamped every single bill congrress has passed...he has not vetoed a single bill!) for the state of the economy, the price of health care, and the price of energy.\n\nThe tax cuts are irresponsible.  The government is also irresponsibly spending the American taxpayers' money.  Balance the budget, and institute a flat tax.  That way everybody pays their fair share, and we pay for the programs that are important to the country, not for pork barrel spending.
240954
Yes.  The IRS has documented that the top 50% of earners pay 96% of all the income taxes.  The top 1% pay more than a third!  So the argument to tax more of the wealthy people really isn't practical.  And when tax cuts are given, the wealthy are more likely to reinvest it and create jobs -- shouldn't they get back a proportional amount if they pay the most?  And because the bottom 50% pay so little comparatively, a tax cut to that tax bracket doesn't do much good.  But I'd take it if given!\n\nBottom line:  The suggestion to tax the wealthy even MORE than they're taxed now is only political rhetoric.  It gets the vote of the poor and lower middle class.