Should part of Bush's taxcut be repealed to "save" Social Security?

[kentuck]

Ted Kennedy said on MTP this morning that SS could be saved with the repeal of only 1/3 of Bush's big tax cut. So why shouldn't Americans get behind that idea? I think they would if they were asked. Of course, Bush and the Repubs would say that would choke the "recovery". But would it? What do economists say about that?

[EVDebs]

1. All of Bush's taxcuts should be repealed to SAVE the USA taxpayer !

[googly]

2. That will be branded as "tax increase" by the media and the repugs

and if the economy slows down as a result, dems will be
killed in the next election.

[kentuck]

5. Just mentioning it would slow down the economy??

Because there is no way the Repubs would repeal it? So we should not mention it? Explain.

[googly]

16. You are right, just talking about has no downside n/t

[bush_is_wacko]

7. Boy, sounds like you bought his garbage hook line and STINKER!

Repealing the tax cuts bushitler gave to his corporate elite can only serve to HELP the MAJORITY of Americans. The tax shelters and loop-holes will still be in place for the corporate criminals! The economy is headed for the dumper anyway. The dollars value is being propped up by the UK and China right at the moment. They are quickly getting fed up with doing so and when they finally decide to stop propping it up this country is going to slide into the deepest depression it has ever seen.

bushitler is trying to get Americans to invest in the Stock market before China and the UK pull out. That is the true goal of his Social Security plan.

[googly]

17. I am for rescinding taxcuts for the top 2 to 3% ONLY IF >>>

the money they gained by the taxcut is NOT ploughed back
into creating jobs. In other words, if they do not run a
business which employs more people after the taxcut, then
they forefeit the taxcut. Only those who can prove to the
IRS that they have more employees since the taxcut went
into effect get to keep it.

To punish those businessmen who have created more jobs since
the taxcuts is like cutting your ears off to spite the nose.

[bush_is_wacko]

21. All I can say to this is that IF there are individuals that have created

jobs, they didn't do it because of tax cuts. My husbands current company created more jobs and has NEVER stopped creating more jobs. They did so before AND after the tax cuts and ANY company that uses tax cuts as an excuse is full of shit. Those tax cuts have only served to make CEO's richer. They have not served to create jobs. My husbands OLD company got many tax cuts and they have cut their employees pay by 55% since bush's tax cuts went into effect. Many of their employees' feel trapped in their jobs because they can't afford to go back to school. My husband and I took a huge financial risk sending him back to school and for us it payed off but we ended up spending double what we were originally told it would cost 4 years ago on his education. We were lucky that we had diligently saved over the years. He endured that 55% pay cut for 2 and a half years and I lost my relatively high paying job 2 months before he graduated. He is working and so am I but we still aren't making the kind of money we were 5 or 6 years ago. I don't know a single person that hasn't been through a similar situation during the past 4 years and MOST of them don't see ANY light at the end of the tunnel, despite being highly educated and/or highly experienced in their job fields.

Don't fall for the rhetoric. The jobs that have been created have absolutely NOTHING to do with tax cuts and MOST of them pay less than they did 5 years ago.

[bpilgrim]

15. so

"and if the economy slows down as a result, Dem's will be
killed in the next election."

on bush's watch that is, and besides the reTHUGs have thrived so far in just such an environment. so, in reality it obviously isn't that much of a factor apparently, not to mention that these bills are due to expire anyways...

we need to go FIGHT the POPULIST WAR the reTHUGs are raising with more populism and FRAME the debate, thats all.

it's a tax on the 2 percenters, i think we can get a majority on our side, to SAVE SS! :evilgrin:

peace

[Telly Savalas]

22. Maybe the media and the repugs should open a goddamn history book

and see how much higher the income tax was on rich people during the Eisenhower administration. (I'm just waiting for some radical right pundit like Hannity to tell me that Ike was a godless commie.) Maybe they should be a little more honest about how these cuts are partially funded by downloading responsiblity to state and local governments who are struggling to find the necessary cash without raising taxes. Perhaps they should have a frank discussion about why we are having the largest budget defecits in our nations history.

So long as we're using Grover Norquist's playbook for debate on fiscal policy, as a party we're tying our hands behind our back and as a nation we're fucking ourselves. If restoring fiscal sanity is politically damaging, then why did the GOP need Ken Starr instead of simply crucifying Clinton on his tax increases that led to balanced budgets? We can and must rewrite the script for this debate.

[stray cat]

3. We should get behind it and it shouldn't hurt the economy.

Economists firmly belive benefits from tax cuts to the middle class and small businesses are what spur spending and economic growth.

Benefits to the wealthy corporations, repeal of estate taxs and capital gains do not stimulate the economy. They just lead to a greater separation between the richest and poorest. It does, however, increase the finances in Bush's base.

This is why democrats wanted to keep the income tax breaks to the majority of working Americans and re-instate the estate tax on estates over a negotiable threshold (3-50 million were all voted down by repubs.) and capital gains.

[googly]

18. Only if those getting large taxcuts are directly responsible

for creating jobs. If they spend the money on a luxurious
vacation in Switzerland, or a villa on the beaches of the
Mediterranean, then they have no business draining the US
Treasury.

My yardstick would be only those who can show more employees
after the taxcut went into effect get to keep it, if the taxcut
benefitted them over $100,000. If they used the money to
speculate on housing or land or the stock market, they get cut.

[CindyDale]

4. If you play, you gotta pay

Take the cap off of SS.

Reduce the debt by reversing the cut and taxing the Iraq profiteers as well as oil.

[Just Me]

6. Welfare for wealthy should be reversed. They have to sacrifice, too! n/t

[ayeshahaqqiqa]

8. Bush has admitted his SS plan won't solve the SS problem

He's opened the door to ideas of how to cut the shortfall. Taking back tax cuts to the wealthiest would be a could way to do that.

[stray cat]

9. Its a good time to push this because of the Bush budget.

Bush's budget hurts alot of Americans in both red states and blue states. He is going back on promises he made to farmers. Hurting people like to stop hurting and Bush has selected his wealthy constitutents over 95% of Americans.

[slor]

10. Yes...of course...

and then we should repeal him, to save the world.

[stray cat]

11. sorry posted twice by accident

[union_maid]

12. Roll back the tax cut AND raise the cap

Roll back the tax cut for the top 1% and lift or eliminate the cap. Should take care of SS and a lot of other things as well.

[stray cat]

13. Perfect but don't forget those extra tax cuts capital gains and estates

[pdurod1]

14. Actually, tax cuts = higher deficits which hurts the economy

Why the majority of Americans support tax cuts that don't benefit themselfs baffles me. RAISE THE CAP! Again, this wouldn't affect most Americans, but middle and lower income Americans are so worried about the wealthy.

[tokenlib]

19. Common sense has always been AWOL with this regime...

Well, DUH!!! But republicans are too selfish to ever do something so obvious. Ideology has always been behind Bush and the GOP messing with Social Security and Medicare. It's the ideology, stupid!!

[indepat]

20. Only as much as is necessary