I can't believe what Speaker Nancy Pelosi just said

[Daylin Byak]

This came from politics1.com, Nancy believes that is if we give tax hikes to americans making over $500,000/year that we can improve education.

House Speaker Nancy Pelosi (D) is suggesting possible tax hikes for the wealthiest Americans to fund improved education and health programs. In an interview with CBS, Pelosi said she thought a repeal of "tax cuts for those making over a certain amount of money -- $500,000 a year -- might be more important to the American people than ignoring the educational and health needs of America's children."

You know it's great that our speaker is looking out for education and everything but I don't believe in rewarding the richest %1 in america in anything espically giving them tax cuts.

Thoughts?

[evlbstrd]

1. She's talking about a tax increase.

Not a cut.

[Redstone]

8. Yes, that's what a tax HIKE means. The OP needs a dictionary.

Redstone

[evlbstrd]

14. Hike=Long walk.

Or pull up your pants.
What's that got to do with taxes?

[drm604]

20. Hike can also mean to increase something.

I think it's derived from the "pull up your pants" usage. Sort of like "pull up your taxes".

[evlbstrd]

27. Yes.

See reply #1.

[mtnsnake]

36. Hike also = Go for a hike, as in, Get Lost or Get the fuck outta heyah ;)

[bahrbearian]

2. she said tax hikes " tax hikes" Not Tax cuts

[CrazyOrangeCat]

:smoke: :D

[Speck Tater]

3. Here's my suggestion...

Get a dictionary. Look up "hike", look up "cut". Compare and contrast.

[mahina]

4. Respectfully, you need to reread your comment.

Okeydokey.

[Mass]

5. I do not understand what you mean. She does not say she wants a tax cut, but a tax increase?

[krispos42]

34. Definition of 'hike':

hike (plural hikes)

1. A long walk.
2. An abrupt increase.
The tenants were not happy with the rent hike.
3. (American football) The snap of the ball to start a play.

[Manifestor_of_Light]

6. you are confused

Ms. Pelosi said "tax hikes". That means we should tax people making over $500K a year MORE, not less.
That is what she said. Tax the rich more to pay for education.

She said "repeal of tax CUTS". That means INCREASING taxes on the rich. She did NOT say tax cut for the rich.

She is saying something profound and useful!!!

[Old and In the Way]

7. I think you misread her point.

Pelosi said she thought a repeal of "tax cuts for those making over a certain amount of money -- $500,000 a year -- might be more important to the American people than ignoring the educational and health needs of America's children."

[Poiuyt]

15. That's right - IT'S NOT A TAX HIKE!!!

Repeal of tax cuts is not a tax hike. Don't fall into Rove's trap on that!

[pacalo]

9. "Hike" means "Raise".

[frogcycle]

44. as in hike up your skirt

when you visit the white house, lest it get all covered in that stinky stuff all over the place

[aquart]

10. I'm coming to love this woman.

She's wealthy. Her taxes will go up, too.

[derby378]

11. Take a deep breath...

It's a tax hike. You said so in your own post.

[Bluebear]

12. Thought: look up the definition of a "hike" then see if it is a reward

:hi:

[capi888]

13. Thats not what I heard...

She said, she was for giving tax breaks to middle class, with families. NOT people over $500,000 per year. She said they are going to investigate the billions owed to the Gov't that has not been paid in Fed. taxes. She said , they will cut the spending by LOOKING for money owed to Gov't . Plus will look at the credits given to Corporations...

[Daylin Byak]

18. Wait never mind

I thought the story was about her giving tax cuts to the wealthy but it's not I was wrong.

Sorry, I thought it was a tax break.

[Telly Savalas]

16. Did anybody notice that she was talking about a tax hike

not a tax cut?

[patrice]

17. Mis-speak. I hear people do it all of the time, few notice it.

[Daylin Byak]

19. Sorry I was wrong

This is a tax ibreak but it's an increase.

I jumped the gun.

[snowbear]

25. You still have time to edit your thread...

Or you can just ask the mods to delete it..

We all make mistakes here!

[Demobrat]

21. The OP read it right.

Either she misspoke or was quoted incorrectly in the article. I thought the same thing when I read it in the paper this morning.

[Wilms]

22. I think she wants to cut the tax cut.

That or she wants the tax cut to take a hike.

:D

[FogerRox]

23. Progressive taxes and Education are vital to a middle class

After WW1 tax rates dropped during the "Roaring Twenties" as income disparity increased until the Stock Market crash of 1929, the start of the Depression. Under the guidance of Franklin D. Roosevelt, tax progressivity returned, and the top tax rates went up, programs like Social Security and Unemployment relief got started, the CCC & the WPA put people back to work creating infrastructure thats still in use to this day.
My Parents got thru the Depression with a progressive income tax, we won WW2 with a progressive income tax. The 12 million men & woman that served in the military in WW2 came home, the GI Bill sent vets to college, and they started families. This created the largest, most vigorous and the best educated middle class, in the history of the planet. Labor unions were at the zenith of their power, our eductaional institutions were the envy of the world, corporations made money, the wealthiest made money. The American Dream was born.

More:

http://rdanafox.blogspot.com/2006/11/tax-rates-middle-class.html

[drm604]

24. Take it easy people, don't jump all over this person.

Maybe they're not a native English speaker, or maybe they're from an English speaking country other than the US where "hike" isn't used this way.

[Daylin Byak]

26. Of course i'm a native speaker, i'm from Pennsylvania for god's sakes

And I was wrong, Pelosi called in a increase of taxes for the Rich and that money be used for education purposes, I misread the article, I jumped the gun.

We can all relax now.

[NV1962]

29. But... don't you guys speak Dutch there?

;-)

[Daylin Byak]

32. Not where I live

[mtnsnake]

33. Depends which part of Pennsylvania you're from. You're not a PA ridgerunner are you?

Like if you're from Troxelville, for example, you'd be considered a genius if you learn the alphabet by the age of 17. :evilgrin:

[Daylin Byak]

39. No i'm not from rural central PA

Where you would be a genius to learn your ABC's by 17. No I live in North Huntingdon which is in Western PA and a half a hour from Pittsburgh.

[drm604]

40. Sorry, just trying to help.

I'm also from Pennsylvania and, like the rest of the country, we hike both pants and taxes. :)

[Daylin Byak]

45. It's all right, no need to be sorry

[pa28]

46. That's right.

Normally I think it's better to breathe into a paper bag for 5 seconds than jump all over a small mistake.

[Prophet 451]

28. She seems to be saying something different

She seems to be talking about raising taxes on the richest to fund education. OK, she could have been clearer on saying that but everybody makes mistakes in public speaking occasionally (i.e. John Kerry's "stuck in Iraq" goof).

[villager]

30. I can't believe it either, only because such a tax hike is so far overdue...

n/t

[Monkeyman]

31. Ever need to know what she says or is going to do

http://speaker.house.gov/

[Skip Intro]

35. Repealing tax cuts for the wealthy.

I have no problem with that. I doubt I would if I were wealthy.

While we're at it, let's make a million-dollar-bomb or two less each year, and pass that money onto the lower and middle classes without which this nation and economy could not function.

[Manifestor_of_Light]

37. Republicans lie about tax rates hurting the economy

In the 1950s when we had a booming economy, the best one America has ever had, and millions of us were raised in the middle class thanks to VA loans and the G.I. Bill, do ya know what the top tax rate was on wealthy people?????

Ninety-two percent (92%)!!!!!!!

So much for that theory!!

[zbdent]

47. Don't forget that, although JFK called for lowering the tax rates,

the baby boomers were just coming into the age where they went out and got jobs and started flooding the economy with their purchases ... the "fact" that the inevitable "But JFK said to lower taxes to increase blah blah blah ..." crowd tends to ignore ...

[MannyGoldstein]

38. The Top Tax Rate Under Eisenhower Was 92%

All told, the wealthiest Americans paid 50% of their income in taxes back then. Today, the wealthiest Americans pay roughly 17% in taxes, all told.

Our GDP growth was substantially better back then compared to now. And a typical single 40-hour-a-week job could support a Middle Class family - unlike today.

Interesting, no?

[Hardrada]

41. The last one was due to Nixon who set us adrift on the

floating dollar and got us off the Gold Standard or something like that.

[Doremus]

42. Highest tax bracket was 70 percent until 1980.

It was over 90% through the 50s. JFK lowered them to the high 70s% and they stayed in the 70s until the early 1980s.

To hear the repigs, the world will move off its axis if millionaires are given a modest tax increase. Knowing historical data puts their whining into proper perspective.

[MADem]

43. Enter Emily Latella, stage left....

Never miiiiiiiiinnnnnnnnd......