View Full Version : Tax cuts? What tax cuts?
galveston
Feb 27, 2009, 12:46 PM
Grassfire's research team is examining the budget right now and we
Have already identified dozens on line item tax increases:
--$645 billion global warming tax affecting every consumer.
--$8 billion increased Medicare for "higher income" people.
--$636 billion to eliminate Bush tax cuts.
--$31 billion in taxes on the oil and gas industry (which will
Be passed on to consumers in gas prices while discouraging
Domestic
Exploration and making us even more dependent on foreign oil).
In all, we see over $1.5 trillion in new taxes and hundreds of billions
More in new spending.
This is from "Grassfire"
And now, for the insult to taxpayers.
You know that $14.00 extra or so you are going to get every week starting in April? Well guess what! The RATE is not going to be lowered. The witholding chartes are being revised. What that means is that next year that "tax cut" will show up on your W2 as income you will have to pay tax on for the year 2010.
Hey, you Obama supporters. Is that Kool Aid starting to give you heartburn yet?
spitvenom
Feb 27, 2009, 02:23 PM
So this grassfire isn't a conservative website right?
spitvenom
Feb 27, 2009, 02:25 PM
Oh wait I just went to it and by golly it is a conservative website. What a shock!
speechlesstx
Feb 27, 2009, 02:48 PM
Is there some sin in being conservative?
Fr_Chuck
Feb 27, 2009, 02:51 PM
That is most likely in the next bill
spitvenom
Feb 27, 2009, 02:54 PM
No speech of course not! But I will be more willing to believe it if it wasn't. The entire site just bashes Obama.
speechlesstx
Feb 27, 2009, 03:08 PM
No speech of course not! But I will be more willing to believe it if it wasn't. The entire site just bashes Obama.
As if people should just set aside their beliefs and values? I've always expected conservatives to be, well, conservative... just as I've always expected liberals to be liberal. What's wrong with that? If the facts cited are accurate does the source matter?
tomder55
Feb 27, 2009, 04:30 PM
Yes that is a fair warning... the extra $13 bucks is not a tax cut. Unless you adjust your filing status it will show as extra taxable income that you will not have had witholdings to account for . So if you don't adjust witholdings be prepared to put aside half of it to pay the extra taxes next year. But spend the extra $7 /week . That should stimulate the economy.
Either way it is chump change to what the libs in NY at multi-levels of government are planning in tax increases.
speechlesstx
Feb 27, 2009, 05:32 PM
And of course the way it's been reprted doesn't make sense anyway. As I said elsewhere the media's math doesn't add up (https://www.askmehelpdesk.com/current-events/middle-class-tax-cuts-316490-2.html#post1563207).
But hey, if you hang on to your extra $7.00 a week you'll have a down payment on your $25,573.48 portion of Obama's spending plans (http://hotair.com/archives/2009/02/26/obamas-new-budget-25000-per-taxpayer/).
excon
Feb 28, 2009, 06:01 AM
Hello:
I don't know. I thought it was a conservative idea to pay your bills...
excon
galveston
Feb 28, 2009, 10:51 AM
Hello:
I dunno. I thought it was a conservative idea to pay your bills....
excon
Right! And is a conservative idea to not buy more stuff than you can pay for.
The point of my post is that Obama has been saying tax cuts, but he LIED. All that is coming are tax increases.
speechlesstx
Mar 2, 2009, 08:20 AM
While we working taxpayers are going to get a whopping $7.00 tax cut the unemployed are getting a $25 a week raise (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/02/25/BU47164VC9.DTL&type=business). Plus, the first $2400 won't be taxed and the Feds will pay 65 percent of their COBRA coverage. PLUS, if states will relax their definition of unemployment they can get even more stimulus money.
excon
Mar 2, 2009, 08:29 AM
Hello speech:
Well, there you go. You've pointed out the divide between you conservatives and us liberals...
For ME, I'm not unhappy that the unemployed get an extra $25 bucks a week in their pockets.
And, even though YOU'RE getting something, you begrudge what the other guy is getting.
I didn't think you were that cold.
excon
speechlesstx
Mar 2, 2009, 09:15 AM
Well, there ya go. You've pointed out the divide between you conservatives and us liberals....
For ME, I'm not unhappy that the unemployed get an extra $25 bucks a week in their pockets.
And, even though YOU'RE getting something, you begrudge what the other guy is getting.
I didn't think you were that cold.
I'm not cold when it comes to helping those who truly need it, but I am cold toward giving otherwise able-bodied people further incentive not to work and I'm cold toward reversing the welfare reform that started under Clinton. I happen to think coddling deadbeats is a bad thing for our country.
excon
Mar 2, 2009, 09:25 AM
I happen to think coddling deadbeats is a bad thing for our country.Hello again, Steve:
Unemployment benefits are proceeds from an INSURANCE policy that both employees and employers PAY for. It's NOT welfare.
Unless, of course, you think YOU'RE a deadbeat when you hand your insurance card to the doctors receptionist.
Further example of the breadth of the divide between us.
excon
inthebox
Mar 2, 2009, 09:36 AM
But the government is taking tax dollars to increase benefits of those who already have this benefit. MORE SPENDING
Where is this spending money going to come from?
- printing more money, further DEVALUING THE DOLLAR, which further limits the spending ability of those who work.
- INCREASING TAXES on this and present generations.
Imagine if you have 10 thousand in credit card debt. Would you put another thousand dollars on the credit card to get a better TV?
Is this fiscally sound?
----------------------------------------------
THe conservative aproach would to actually INCREASE EMPLOYMENT with business friendly policies like LOWERING capital gains rates or lowering corporate taxes. And hopefully REDUCING spending.
Speaking of begrudging is that not what the liberals do by saying "increase taxes on the wealthy and on the corporations?"
G&P
speechlesstx
Mar 2, 2009, 10:24 AM
Hello again, Steve:
Unemployment benefits are proceeds from an INSURANCE policy that both employees and employers PAY for. It's NOT welfare.
Unless, of course, you think YOU'RE a deadbeat when you hand your insurance card to the doctors receptionist.
Further example of the breadth of the divide between us.
If you want to talk insurance I’m game. Unemployment all boils down to a government agency that's geared entirely toward benefiting employers. Been there, done that, read the book. Many a good worker ends up getting the shaft while many a deadbeat gets coddled.
Many a deserving recipient of federal and state aid gets the shaft while many a deadbeat gets coddled. Ask my daughter about that and how she was supposed to make ends meet on total disability for $565 month and about $56 in food stamps.
Can I file retroactively for the 65 percent of the thousands in COBRA coverage I couldn’t afford when my wife recently lost 3 jobs in 4 years?
My insurance company just denied payment of a $3500 MRI because it wasn’t pre-authorized even though they didn’t show I was a member –retroactively to the 1st of January - until a week after the test. Should I call Obama for some help, because when I add the $1500 I owe for my second MRI and whatever the one my wife just had last week is going to end up costing me, I darn sure can’t afford it. Let’s just bail everyone out, that’s the kind of spending Obama has in mind…except I’ll just get that measly $7.00 a week. It would only take me 500 weeks to pay off my MRI if my appeal to the insurance company fails…but then my tax cut will run out about 450 weeks short. Maybe I should just lose my job?
excon
Mar 2, 2009, 10:35 AM
My insurance company just denied payment of a $3500 MRI because it wasn’t pre-authorized even though they didn’t show I was a member –retroactively to the 1st of January - until a week after the test. Should I call Obama for some help, because when I add the $1500 I owe for my second MRI and whatever the one my wife just had last week is going to end up costing me,Hello again, Steve:
Looks like a pretty good argument for universal health care.
excon
speechlesstx
Mar 2, 2009, 10:54 AM
Hello again, Steve:
Looks like a pretty good argument for universal health care.
Like I didn't know that retort was coming. Who can argue that reforms aren't needed? My point is I manage to find a way, and there will be a backlash from people like me who do just that and watch as millions of American deadbeats get handouts from the feds.
speechlesstx
Mar 3, 2009, 10:19 AM
Is this the kind of universal health care we can look forward to? From last August (http://www.suntimes.com/news/politics/obama/1122691,CST-NWS-hosp23.article)...
Sen. Barack Obama's wife and three close advisers have been involved with a program at the University of Chicago Medical Center that steers patients who don't have private insurance -- primarily poor, black people -- to other health care facilities.
Michelle Obama -- currently on unpaid leave from her $317,000-a-year job as a vice president of the prestigious hospital -- helped create the program, which aims to find neighborhood doctors for low-income people who were flooding the emergency room for basic treatment. Hospital officials say such patients hinder their ability to focus on more critically ill patients in need of specialized care, such as cancer treatment and organ transplants.
Obama's top political strategist, David Axelrod, co-owns the firm, ASK Public Strategies, that was hired by the hospital last year to sell the program -- called the Urban Health Initiative -- to the community as a better alternative for poor patients. Obama's wife and Valerie Jarrett, an Obama friend and adviser who chairs the medical center's board, backed the Axelrod firm's hiring, hospital officials said.
Another Obama adviser and close friend, Dr. Eric Whitaker, took over the Urban Health Initiative when he was hired at U. of C. in October 2007. Whitaker previously had been director of the Illinois Department of Public Health. Obama has said he recommended Whitaker for the state job, giving his name to Tony Rezko, who helped Gov. Blagojevich assemble his Cabinet. Rezko, a former fund-raiser for Obama and Blagojevich, was convicted in June on federal corruption charges tied to state deals.
Sounds strangely like patient dumping endorsed by the first lady and the president's senior advisor, in direct violation of the Emergency Medical Labor and Treatment Act. Is that what we can look forward to, shipping off the poor to one place so the well-off and well-insured can get premium care?
excon
Mar 3, 2009, 10:48 AM
Is this the kind of universal health care we can look forward to?Hello again, Steve:
Nope. Being the last western nation to switch, I'll bet our universal health care will look like their's do - pretty good. Given the troubles you're having, you'd LOVE it.
excon
speechlesstx
Mar 3, 2009, 11:03 AM
Hello again, Steve:
Nope. Being the last western nation to switch, I'll bet our universal health care will look like their's do - pretty good. Given the troubles you're having, you'd LOVE it.
Except for a few things, I expect my "troubles" to be resolved, my boss pays for my insurance, I don't care for the idea of some governmental board deciding what treatments I can have, and socialism sucks.
George_1950
Mar 11, 2009, 09:23 AM
No speech of course not! But I will be more willing to believe it if it wasn't. The entire site just bashes Obama.
"China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year... GM, the biggest overseas automaker in China, raised its forecast for the nation’s market growth this year to a range of between 5 percent and 10 percent from an earlier prediction of less than 3 percent..." China February Auto Sales Rise 25% After Tax Cuts (Update1) - Bloomberg.com (http://www.bloomberg.com/apps/news?pid=20601087&sid=aDCOM2mACDYY&refer=home)
galveston
Mar 11, 2009, 09:37 AM
Hello again, Steve:
Nope. Being the last western nation to switch, I'll bet our universal health care will look like their's do - pretty good. Given the troubles you're having, you'd LOVE it.
excon
Maybe not. I just heard a few days ago that in England, the government has banned the use of 2 different drugs used in the treatment of some cancers. Too expensive, they say.
excon
Mar 11, 2009, 04:07 PM
Too expensive, they say.Hello gal:
So, you think your insurance is going to pay for treatement?? You got to be kidding.
excon