Bush warns of tax raises if relief not made permanent(rich are scared?

[papau]

http://www.whitehouse.gov/news/releases/2004/01/20040110-1.html

http://www.whitehouse.gov/news/releases/2004/01/20040110.a.ram

http://story.news.yahoo.com/news?tmpl=story&cid=1504&ncid=1504&e=7&u=/afp/20040110/bs_afp/us_economy_bush_040110150955

Bush warns of tax raises if relief not made permanent

Sat Jan 10,10:09 AM ET

WASHINGTON (AFP) - President George W. Bush (news - web sites) warned that Americans could face tax increases from next year if Congress does not agree to his demand that tax relief be made permanent. <snip>

Bush emphasized the need to maintain efforts to keep the US economy moving in his weekly radio address after indicators gave mixed signals as to whether growth inspired by his massive tax cuts last year will be sustained.<snip>

Bush faces a presidential election in November and the opposition Democrats have sought to make his handling of the economy one of the key issues. <snip>

Quotes from speech (second URL link above):

"In my budget for the upcoming fiscal year, I will call on Congress to make permanent all the tax relief we have delivered to the American people and our nation's small businesses ...If Congress fails to act, this tax relief will disappear and millions of American families and small businesses would see tax hikes starting in 2005....For the sake of our economic expansion, and for the sake of millions of Americans who depend on small businesses for their jobs, we need Congress to act to make tax relief permanent...America's economy is strong and getting stronger ...(recent indicators underscore)...a choice about the future of our economy, and the future of those who are looking for work. We can continue on the path to prosperity and new jobs - a path marked by a pro-growth agenda that has cut taxes on paychecks for 109 million American taxpayers - or we can reverse the course by raising taxes on hardworking Americans....tax relief has got this economy going again, and tax relief will keep it moving forward.....Now is not the time to turn our backs on America's families and workers and entrepreneurs by letting much needed tax relief expire. Making tax relief permanent is a simple step that would keep our economy growing."

[wryter2000]

1. WTF?

I'll raise taxes if you don't lower taxes permanently?

What's he sniffing now?

[forgethell]

3. If the tax cuts are not

made permanent, then taxes will automatically rise. that's the compromise he had to make originally to get the tax cuts passed. Now he wants to amke them permanent.

[mhr]

2. Pigs At The Trough

eom

[TheMiddleRoad]

4. Simple tax planning

More right wing double speak. This stuff is perfectly logical to those who have been brainwashed by the right-wing media.

Those of us who aren't conditioned would inquire as to the method of making tax cuts permanent. Does he propose a constitutional amendment that will impose the long since doomed "flat tax". Does he propose new congressional rules which would require a super-majority to raise taxes on the wealthy.

Here's my tax plan

1) Cut payroll taxes.
2) Leaving the bottom two brackets where they are.
3) Significantly raise the top bracket ABOVE pre tax cut levels.\
4) Create a new bracket for the very well off extending above the current top tax bracket up to $1.5 million. Tax rate 42%.
5) Create another bracket on top of that up to $5 million. Tax Rate 46%
6) Create a tax rate for those making over $5 million at 49%.
7) Create a tax rate for those making over $10 million at 53%.
8) Create a tax rate for those making over $20 million at 60%.
9) Over $60 million 62%
10) Over $80 million 65%
11) Over $100 million 70%

Thats right Bill Gates, we're gunning for you!!!! ;-)

The idea is simple. Greedy fockers (;0) who take WAY more than they give will have to give it right back. NO ONE contributes $10 million dollars to the economy. Once you get past the $100,000 dollar level, you'll find the more someone makes, the less they work.

No golfing is NOT work unless you work for the PGA. And dining isn't work unless your a food critic. Traveling to exotic locations isn't work unless your a sailor, pilot, or stewardess.

Oh yeah, and Dubaya, you don't work AT ALL.

The litmus test for value is simple. If you disappeared tomorrow would the world keep on ticking. Well, if our so called "leaders" disappeared, I dare say we would be better off. If the folks down in the lowest tax bracket disappeared, the folks in the top tax bracket would all likely die of starvation or predation.

Your value to the world isn't define by how many people serve you. Your value is defined by how many people you SERVE. Dubaya serves NO ONE. Therefore he is useless AND way overpaid.

Hence, those individuals who are sponging from the economy (multi-millionaires) need to give their stolen goods back to the people who generated it. High taxation rates on the wealthy is not socialism, it is an excellent market solution. As taxation rates go up, the motivation for pigging up more becomes less. Remember, these folks don't "work" persee anyway. Others do their work for them.

So I hope those proposing permanent, untaxable wealth would consider my meager proposal for growth beyond the already fat and bloaded.

[RainDog]

5. More Bush shit

if he had really wanted to help small biz, he would have enacted a payroll tax cut, not a cut which skewed to the richest of the rich.

small bizzes have been taking a beating from Bush, AND...his administration FAILED to fund SBA loan programs????

---and he thinks a couple of hundred dollars, or whatever, is going to keep small bizzes going in light of all the job losses already??? --who is going to buy from small bizzes?

Bush NEEDS to raise taxes because he's screwed things up so badly, and he's setting up Congress to take the blame.

Nevermind that he has a majority in Congress, of course. (however, there are fiscally responsible Republicans who have spoken truth to power, and have been harrassed and threatened because of it, too.)

In my fantasy justice world, someone would find a way to hack into Bush and Cheney's Netherlands Antilles and Cayman Island accounts and donate that money to food banks and educational programs for the poorest in this nation.

While they're at it, Halliburton and Bectel could make major donations to the SBA.