1 tax cuts are racist.

2 Nancy would have had to read it herself first.

3 Well, it's not like Bambi the World Traveling President is actually running things, so let's ask Nan while she's immobilized after her daily botox injection. Won't do any good but it could be entertaining to watch her struggle to move her cheeks.

4

Not TOO many people would die if we took more of your money

5 >>> tax cuts are racist. That is actually believed, you know, and passionately.

6 They don't say that, but yeah, they believe that.

7 Say it with me:

I miss the fiscal discipline of the Bush White House.

-

8 The Indonesian Imbecile and his junta are still claiming that a third of the Porkulus were "tax cuts" (using the liberal redefinition of welfare as "tax cuts").

The left has no problem reversing themselves on anything.  All it takes is one or two more lies, which, considering the tens of thousands of lies that the lunatic left lives on, is no big deal.  The left will just keep the Bush tax cuts and claim that they had run on doing exactly that the whole time.  The MFM and JournoListers will just keep beating the drum that the dems were always for the Bush tax cuts and the GOP was against them.

You have to always keep in mind that the left are not constrained by logic or history or common sense.  They say whatever they want, no matter how jaw-droppingly stupid or disingenuous it is, and the MFM will back them up.  We are dealing with nihilistic savages, here.

9 Say it with me:

I miss the relative lack of public expense associated with Bush taking  vacations while in office.

.

10 We're being governed by liars, idiots, fanatics, retards, and fools--and a sprinkling of traitors and Stalinist mass-murderer-wannabes.

They've being supported and covered and 'platformed' by a MFM composed of stupid little boys and bitter angry girls.   

Just over 3 months, baby:  Just over 3 months until we turn the Garbage Disposal on and watch the effluvia get caught in the Rotating Blades

11 All government spending is stimulus.

12 How does one reparate with tax cuts? Only the "rich" can get tax cuts since only the "rich" pay taxes. In order to fundamentally "change" america, the wealth or even the sustenance has to be TAKEN.

13 aDmiring........

dyspepsia makes me dim

14

I'm not even sure they have to cut taxes...what our economy needs is stability.

If congress passed a law that guaranteed the following things over the next 5 years, businesses would start investing again:

1. No changes in corporate or individual tax rates

2.  No changes to payroll tax (on business side)

3.  No Cap And Trade legislation

4.  No Global Warming legislation

5.  No regulatory overhauls.

Just freeze everything...while I'd like to see a lot of things repealed, freezing will be enough....

15 12 All government spending is stimulus.       Its funny because that's what they really think.

16 Haha all government spending is stimulus that's what stimulus is. God I kill me can you believe I actually said that?

17 Say it with me:

Ho de homehome hiddy-ya him-him hiddy-ya,
home-a loam-a biddy-a- biddy-a bop-bop biddy-ya bop

-

18 That is actually believed, you know, and passionately.

Posted by: ace at July 27, 2010 02:08 PM (KUUXH)

yes, my liege, I know.  Thus the pain.......

19 which, he noted (as if it needed noting), also constitute Keynesian stimulus.

They always make the (convenient) case that spending has a bigger multiplier.

We've seen how well that works.  (FYI, Keynsianism is always supposed to work RIGHT NOW!!!!eleventy!!!, otherwise, the whole point is lost.) But stimulus will never work with this administration, even in the form of tax cuts.

Look, economists are sociologists who fancy themselves to be mathematicians.  Ultimately, econ is just the study of group psychology and there ain't no way people are going to start spending money while this crazy socialist administration keeps going.

Well, that's the best characterization of economists.  As you might see with the 21st century Keynsian economist, it's a lot more theology than anything else.

20

CNBC is big on reporting how great the recovery is again. Everyone on CNBC, including Kudlow. Kudlow got off the buss for a month or so but he is firmly back onboard.

What's funny is that this all started again at CNBC right about the same time as Obama's recovery tour.

21 No Cap And Trade legislation

Hey Algore!  Cap and Trade THIS!

(I've been waiting to write that.)

22 In fact, for a proper look as to how the Dems might attack this problem, just look at the Indonesian Imbecile's view on chartiable deductions and how he claimed that those deductions were unfairly beneficial to higher earners because the steeply progressive tax system allows them to deduct more (percentage-wise, and hence, dollar-wise) from the same contribution as a poorer person.  The Indonesian Imbecile argued that flat tax rates are "fair" for charitable deductions, which was 180 degrees turned from every other thing he was saying about taxes.  But, no one bothered hammering the Imbecile on that, as will be true when this Bush tax cut rubber hits the road.

Our society has allowed logic to be thrown out the window.  That only leads to one place, especially when we have an ineligible, non-natural born citizen occupying the White House, who is looking for any and every way he can do serious damage our nation. 

23 The problem with the dems is they believe taxes are a tool to divide the classes for votes.

If revenue were thier goal they would cut taxes some more. (I'm guessing we aren't at the sweet spot of the Laffer curve yet)

24

Something that isn't being talked about much is S-Corporations. They are going to be fucked by these taxes( sorry the f word was needed).

So if you work for a S-Corporation, chances are good your company might be getting rid of a few people.

 

S-Corps run all of their money through the shareholder, usually only one or two people who own the company. So all the companies profits are taxed at the owners income tax rate. The current max being 36 i think and as of Jan 1 it will be hiked to 39.6 I believe.

That may not seem like a lot, but a 3.6% tax hike is huge when you are in a business where your profit margin is 2-8 percent, which is where many of these businesses are.

I suspect some S-Corps will convert to C-Corps, some will go under,  some will stop making capital investments, and some will just lay off an employee or two to cover the loss.

Get ready, on Jan 1 there will be another shock if these tax cuts expire. Not to mention that fact that a lot of stock holders are going to unload their stocks in December 2010 to avoid the Capital Gains tax raise on Jan 1 2011.

25 if you cut taxes, the rich will just spend the money on things like yachts made in New Zealand, don'tcha think..? Much better to spend the money putting up signs that say that money is being spent.

26
If you add up all the various tax rates that "rich" people pay, it's 50-70% of their income.

Then, when they die, the government steels another 50-60%.
Often times, forcing small business out of business from generation to generation.
...Or forcing the jobs overseas.

These are the engines and producers of a strong and vibrant economy and the Big Government socialist democrats have no idea that they are destroying it.

Democrats want to spend as much as they can, and then steel it from the productive class to give it to their cronies, unions, and donors.  And they wonder why our economy is sick.

It's not Bush - it's the collectivist democrats.  They are economic losers.

27 If they repeal the tax cuts it proves that they're clueless when it comes to the economy.  If it doesn't make sense to raise taxes during a recession, why is it better to do it during good times?  Either way it negatively impacts the economy.

28 O/T: "Sam Adam Jr. told jurors that he did not call Blagojevich to testify, as he'd promised at the beginning of the trial, because the government did not prove its case. He called the governor's silence the "elephant in the room.'"

29 25 Remember when I said I would be for tax increases even if revenue to the government would fall? God I really do have some good material.

30 Killing the economy is not a bug, it's a feature.  Remember, Obamao wants to "fundamentally transform Amerikkka."  And don't forget the old "Bill of negative liberties" and the Warren court didn't do enough to address redistributive change.

31

 I saw an article about cable tv recently that mentioned a loss of 1,000,000 subscribers since Obama was elected. That is usually my 'acid test' of whether someone is in really bad financial distress. Families will cut all kinds of stuff, but hold the cable. Until the end.

 I still have my job, but the current economy has changed my outlook.

Everytime i get my cable bill i have to justify it to myself.

It just seems to me like I could spend the 90 bucks a month more wisely.

32

Say it with me!

Bush spent way too much... but Obama doubled Down... and we can't afford All In...

33
I have a hard-on for taxation.


right sock jazz hands.

34

 

 "...House Republicans will fight this tax increase with everything we've got."

hahahahaha, NOW they wake up?

Is this the hill they're willing to die on?

35 This is second hand.  But, I'm told by one of my friends that someone on the early morning show on CNBC said that the dems are going to try and "trap" the republicans by taxing only the top 1% of earners instead of the aforementioned "above $250,000.00 threshold.  They are assuming that, since the republicans favor the rich, they won't go along with this and the country will see their true motivations.  (got this from my lib/dem friend in an email)

36

1.  Give everyone yachts

2.  Make everyone dock (?) their yacht in Massachusetts

3.  ????

4.  Extra pensions for all my homies on the public dole!

I'm gonna need an extra dose of somatox.

37

It's a mantra like "choice". Tax cuts for the rich tax cuts for the rich tax cuts for the rich.

Not a single one of the common donks knows what that even means. They want class warfare. They want the idiots to think that the "rich" (little men like the monopoly guy) are getting away with not paying taxes and that the republicans want to let them get away with it for race reasons.

Trying to make one of these fools understand that the monopoly guy provides jobs while "midnight basketball" does not is virtually impossible.

38 "Sam Adam Jr. told jurors that he did not call Blagojevich to testify, as he'd promised at the beginning of the trial, because the government did not prove its case. He called the governor's silence the "elephant in the room.'"

Bluffing?  If I were a juror, I might start thinking, "gee, maybe the government didn't prove their case".

39 These are the engines and producers of a strong and vibrant economy and the Big Government socialist democrats have no idea that they are destroying it.

Just keeping telling yourself that last part if it makes you feel better.

40

 "...House Republicans will fight this tax increase with everything we've got."

hahahahaha, NOW they wake up?

Is this the hill they're willing to die on?

 

i've always said, the republican party is the greatest party, when it is out of power.

 

41 I answered my lib/dem friend with "i'm sure in the finreg bill or the health care bill or some up and coming bill, they will make sure they tax the $250,000.00 grand earners, are you sure, really sure that this isn't already done?"
so far, no response...

42 Are there people out there who think that they are only going to tax those over $250,000?

43

 

Ever see the movie HANCOCK?

It was about a washed up drunk bumbling stumbling lazy superhero who didn't want to be bothered with helping people. And when he did get off his sorry lazy drunk ass to help, Hancock would manage to leave a trail of costly damages.

Congressional Republicans are Hancock.

44 What's all this I hear about Kenyasian economics?  Is Kenya in good shape?

45 But we're still rich and in great shape! The higher the debt, the wealthier we are. And if you don't agree, I'll throw you out of the plate-glass window Spencer Ackerman (J) is holding.

46 This is second hand.  But, I'm told by one of my friends that someone on the early morning show on CNBC said that the dems are going to try and "trap" the republicans by taxing only the top 1% of earners instead of the aforementioned "above $250,000.00 threshold.  They are assuming that, since the republicans favor the rich, they won't go along with this and the country will see their true motivations.  (got this from my lib/dem friend in an email)

The libs are always demagogues.  I say let's call their bluff, let's play our own class warfare.  Time to tax trial lawyers.

47 >>>They always make the (convenient) case that spending has a bigger multiplier. I always see them claim that the spending multiplier is like 1.4 or something, but they never say what the tax cut multiplier is. They also don't say where they're getting this number from, except that "it is an accepted model" or something.

48 42 Yeah keep telling urself that.

49 "45 Are there people out there who think that they are only going to tax those over $250,000?

Posted by: dagny at July 27, 2010 02:24 PM (ZIwK+)"

every last one of my lib/dem friends....who, by the way say "I don't mind paying a little extra tax, it's the least I can do"....all the time..

50 We'll meet again, don't know where, don't know when.....

51 "This administration defines 'good policy' as what the country can withstand?

Makes perfect sense if the goal of "good policy" is to "radically transform America". After all, Barry and Co want to put the country through hell to reach a socialist "heaven". 

52 who, by the way say "I don't mind paying a little extra tax, it's the least I can do"....all the time..

The U.S. Treasury Department will accept their checks over and above the amount they owe.  My gut says not a damn one of them has ever voluntarily over-contributed.  They don't want to "pay a little extra"--they want everyone else to be forced to pay more.

53 Somewhere on a server in DC:

From: unbiased
Date: Jul. 27, 4:46 AM

OK, so we lose congress. I think that was inevitable anyway, and besides Dear Leader needs an opposition led congress to turn around his numbers for a win in 2012.  But what is most important, if the Stimulus is seen as a failure, then we have to make Pelosi and Reid take the blame. We know DL's people wrote it, and we know he got exactly what he wanted, but if the evil party is going to turn it into a millstone, let it hang around Pelosi's neck.

54

every last one of my lib/dem friends....who, by the way say "I don't mind paying a little extra tax, it's the least I can do"....all the time..

Posted by: curious at July 27, 2010 02:26 PM (p302b)

 

Wow, none of them Tan? in tanning booths?

55

every last one of my lib/dem friends....who, by the way say "I don't mind paying a little extra tax, it's the least I can do"....all the time..

Do you ask them what they would otherwise do with that money?

(I can't because I don't talk about anything but the weather and the like with anyone that could potentially piss me off. )

Would they perhaps buy goods and services? Since they don't buy goods and services or even save it, could that potentially hurt those who provide goods and services?

56 I cannot withstand any more beer, pudding and porn tax.

57

"Is Kenya in good shape?"

It will be after I record my brilliant cover song "Economy in a Coma"

58

 

btw, you know what's a great word?

Awry.

As in, Obama got elected and things have gone terribly awry.

 

59  "...House Republicans will fight this tax increase with everything we've got." Scott Brown reporting for duty!

60 Families will cut all kinds of stuff, but hold the cable. Until the end.

Well, maybe - but there's also a lot more non-cable-based entertainment out there (i.e., the internet).

61

They must keep all or most of the Bush tax cuts or they must replace them with other tax cuts. They cannot afford to drug the economy with tax increases at this stage.

Economy... redefined... fundamentally transformed. Like Acorn blown up to the size of a super alien oak tree in significance

62 Posted by: HeatherRadish at July 27, 2010 02:28 PM (jV+np)

I wholly agree with you.  Every year I willfully overpay.  I don't want to have to come up with the money at tax time, I would much rather have them give me a refund.  They on the other hand always have to come up with the money at tax time and vociferously complain about it.  When I say, "do what I do and overpay so you don't get yourself into a tizzy every year at this time" they respond "you are an idiot for providing Uncle Sam with an interest free loan"....Now, I have sent them their emails saying this to me and asking them to justify the "I don't mind paying a little extra" talk...so far not a one has responded and I have been accused of "parsing words".

63

Even if the middle class is restored to a modicum of their former glory, the prevailing mentality will be transformed.  We will have transitioned from a middle class that has overspent its resources to a middle class that will be miserly. 

Think of our grandparents/parents raised during the Depression and their Ben Gay hoarding.  You can't stockpile cable.  I guess you can DVR.     

64

every last one of my lib/dem friends....who, by the way say "I don't mind paying a little extra tax, it's the least I can do"....all the time..

Posted by: curious at July 27, 2010 02:26 PM (p302b)

I assume that you explain to them that no one stops them from paying as much in federal taxes as they want, right before you ask them how much extra they pay.

65

 

Of course they don't mind paying a 'little extra taxes' because they view govt as the main charitable organization in lieu of churches, as they were trained to think.

Again, see: The Grand Inquisitor.

 

66 every last one of my lib/dem friends....who, by the way say "I don't mind paying a little extra tax, it's the least I can do"....all the time..

And this is why your lib/dem friends deliberately overpay their taxes, right?  Sheesh.

67 Oh come on you extremists, we can raise taxes some, just only about say....85% of what the Dems want to raise them.

68 curious--oh, I don't mean overpaying to get the amount refunded to you.  I mean writing a check made out to the U.S. Treasury Department for an amount greater than their legal obligation on April 15.   The Treasury will cash that check, and they will have "paid a little more" to support the social programs they think are so great.

When people say they "don't mind paying a little more" than their current legal obligation they are full of shit.

69 "When people say they "don't mind paying a little more" than their current legal obligation they are full of shit.

Posted by: HeatherRadish at July 27, 2010 02:37 PM (jV+np)"

But it sounds good, doesn't it....and really isn't that all that matters to them anyway...how it looks or sounds to others?

70 When people say they "don't mind paying a little more" than their current legal obligation they are full of shit.

Posted by: HeatherRadish at July 27, 2010 02:37 PM (jV+np)

Yep.  Just like that despicable scumbag, Warren Buffet, who bitched and moaned during the campaign about his not being taxed enough and then he gave most of his fortune to his buddy, Bill Gates', private charity instead of turning the fortune over to his beloved federal government.

All liberals are despicable, lying, traitorous scumbags.  That's why they're liberals.

71 You unpatriotic morons. Without increases, my grant money to study the effects of root beer floats on the reproductive cycle of the great northern bark boring beetle is in jeopardy, and subsequently life as we know it.

72

But it sounds good, doesn't it....and really isn't that all that matters to them anyway...how it looks or sounds to others?

Posted by: curious at July 27, 2010 02:39 PM (p302b)

Which is why every single time that a despicable, lying, scumbag liberal says that to you, you should immediately interrogate them on how much extra they pay in federal taxes.  Never let the scumbags get away with this shit.  They should be met with scorn and derision, at the very least, every time they utter such blatant lies and stupidity.

73

I would think that the response would be, "well, I do mind paying more, in fact, I mind paying anything past what I owe for national defence, police, fire, and roads."

I had an aggressive kid wanting to sell me magazines for "inner city girls". He became infuriated when I told him that I had zero interest in helping inner city girls and that the inner city girls' parents should "help" them. He asked me if I was a racist. I asked him why that would be because he hadn't told me the race of the inner city girls? They hate people to not fall for their scams.

74 45 Are there people out there who think that they are only going to tax those over $250,000?

Ahahahahaha, plenty!  They're called liberals.

The fools won't even remember that the 250k taxing threshold kept creeping downwards (to as low as 85k IIRC) during the course of the campaign.

75

Yep.  Just like that despicable scumbag, Warren Buffet, who bitched and moaned during the campaign about his not being taxed enough and then he gave most of his fortune to his buddy, Bill Gates', private charity instead of turning the fortune over to his beloved federal government.

All liberals are despicable, lying, traitorous scumbags.  That's why they're liberals.

Almost despair in not knowing, really, how many people can see his glaring freedom to tax himself via a direct check to the feds. How many people see it? How hidden is the blinding sun? Honest question.

76 Tiny Tim's speeches from Sunday were the opening salvo between Obama and the Dems in congress for the upcoming war. A lot of the Dems want to keep the Bush tax cuts until next year.

77 Wait. Tax cuts are "Keynesian" stimuli now? Second look at Keynes!

78 Some stupid and completely irrelevant bullshit that makes me feel better about my pathetic life and my desperate need for attention!

79 He's right in one sense: the county would not obliterate the country utterly, there still would be a US around if taxes were hiked. It just would be a country deep in the throes of depression, inflation, unemployment, and misery, I predict.

80

What about the AMT?!?!?!

Hundreds of thousands of middle class families a year are being pushed into the AMT, therefore paying higher taxes. Yet the politicians remain silent about it.

Are the Democrats hoping to get extra loot from the AMT of middle class taxpayers?

81

I'm with progressoverpeace. There ain't no doubt that Obama will veto any extension of the Bush tax cuts. It would be an indicment of what the Democrats have been saying about Bush's economic policies since the tax cuts went into effect. However, Democrats in Congress will overwhelmingly vote for the tax cut extension for one very good reason. Unlike Obama, they don't have personal bodyguard protection. I really believe that many Democrats will have fear of personal bodily harm.

The sweetest thing would be Republicans and Democrats voting in November to override Obama's veto of the Bush tax cuts.

82 I'm still floored Turbo Tax Timmy phrased it the way he did.  "Withstand."  There's a tell if I ever saw one.  They know damned well the government's fiscal policy is an assault and battery on the good citizens of America.  Let that hit home: they know what they are doing.  They know what more of the same will bring.  They do it anyway. 

83 _{"Local Governments To Cut 500,000 People In 2010 And 2011, As $400 Billion Budget Shortfall Brings State Economies To A Halt"}

84 A day late and a dollar short.  Tax cuts today aren't much help to thousands of businesses that have already folded and liquidated stock/equipment/employees.

No amount of tax relief will get those creators of jobs who wisely chose retirement/hiding, closing up shop, and a soothing exit from the bad craziness to willingly risk restarting a business again anytime soon.  They've learned their lesson - you can't trust anything the government does anymore since it views them not as the engines of job creation and GDP drivers, rather as a bottomless ATM that can be drained at will.

If they do start any new businesses, they'll be very small low overhead 1/2/3-man partnerships with no W-2 employees.  The government has made the penalty for risk taking so high, only a fool would try it.  Buying lottery tickets has a better expected return than trying to build a medium sized business these.

85

So, for 6-7 years the libs have screamed about Bush's tax cuts for the rich and how the middle class and poor got nothing? Now they are screaming we must let Bush's tax cuts for the rich expire and continue tax cuts for the rest of us that they claim NEVER HAPPENED? I guess that Panama Red from the 60's must have been better than we thought, cuz obviously it never wore off.

How about this? Instead of taxing income and capital we tax wealth? Yeah, I'm looking at you, you lazy-assed Kennedys and all you POS trust fund babies.

86

@22

CNBC is big on reporting how great the recovery is again.

That's because the CNBC financial-news guys are under orders to give happy news touting the "recovery."  (Zero Hedge revealed this last week)

87 Unfortunately, "House Republicans will fight this tax increase with everything we've got" means "House Republicans will cave in pretty quickly on this."

88 58 I think you're onto something. The crazy hippies around the corner who always have red white and blue all caps signs for the DNC in their window wrote something almost critical of Obama for once: THE ARIZONA LAW IS A WAKE UP CALL TO THE CHILDREN IN CONGRESS TO FIX THIS! Yes, I live in Brooklyn.

89 Barry is too fucking stupid.  He won't let go of the 'tax the wealthy'.  Who, for some reason, are the same one's who create jobs.  The concept of excess capital being used to create more wealth (JOBS!) is a concept The One cannot wrap around his pointed head.

All the socialists know that the wealthy keep pools of money in their basement where they going skinny dipping each evening while swilling champagne.

90
Oh wait, he didn't write the bill; he let Nancy Pelosi write it for him.

Heh. How's The Won's leadership taste?

91 Of all the proof asked for that increasing taxes costs jobs, I would think the perfect example of Kerry not keeping his boat in his home state should shine a brilliant blinding light on the issue; but, alas reality is nothing even in the dictionary of liberal understanding.

92 You must concede you were wrong.

Democrats cannot, CANNOT do this, ever.  The only time they can do so is, "I was wrong to trust the Republicans" or "I was wrong to have faith in the other side" or some other such "I was wrong but only because I was so nice" garbage.

93

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