Tax Cuts to the Wealthy....

[RazBerryBeret]

After listening to Repub after Repub defending the Bush tax cuts, I'm frustrated and angry. Why hasn't someone laid it out in simple terms, stating the reasons the tax cuts were given:

Because the Wealthy need more money to buy more "luxury" high ticket items that would stimulate the economy.

Because the Wealthy were the ones who were creating jobs for us non-wealthy peons.

Neither of those have happened.
They didn't hold up their end of the bargain.
They lost their chance.
Continuing them just makes us stupid.

[polichick]

1. Look for the prez to cave on tax cuts for the wealthy asap...

...and he'll be on his way to handing the WH over in 2012.

[RazBerryBeret]

2. ugh...

I'm afraid you're right.

and again I'd LOVE to hear an interviewer ask a repub:
"Keeping the tax cuts will also help you get the big campaign donations, right?"

[somone]

6. Exactly. Just a 'temporary' extension - until they take over

A great compromise in the spirit of bipartisanship

[WVRICK13]

7. Sigh, I'm Afraid

you are 100% correct. Some times I wonder what he is thinking. I know he thinks and I know he is intelligent. But damn, he is just too nice for politics.

[polichick]

10. Nice - maybe. Or maybe his agenda is different than ours. Hard to tell. nt

[RazBerryBeret]

11. too nice...

and like you, I know he is intelligent. I keep thinking maybe he's outwardly playing the game the way he's supposed to...but there's a plan in there somewhere? I keep hoping....but I'm an optimist, one of my many flaws.

[tridim]

15. She is making it up, why do you think she's correct?

[tridim]

13. Do you have any shred of evidence that that will happen?

He said several times since the election that it will not.

[polichick]

16. Past is prologue. nt

[tridim]

17. Obama cut taxes, and has always said he will let Bush's tax cuts for the rich expire.

The Faux RDF has consumed you.

[polichick]

18. He's already talking compromise - taking exactly the opposite tack...

...that he needs to take if he wants to keep the WH in 2012.

Reality has consumed me - try it sometime.

[tridim]

19. His compromise is tax cuts up to $250,000, and none beyond that.

Exactly what he has always said.

You're just trying to scare DU'ers now.

[polichick]

20. I'd love to see him stand his ground - he hasn't in the past. nt

[and-justice-for-all]

3. The wealthy do not reinvest in America...

and by giving them more breaks, instead of making them contribute fairly to the society in which the reside, the MAJORITY of us will pay the price.

I am sick of the "I got mine, so fuck you" rich, rethug attidue and their ignorance of basic economics; there belief that everyone can have a job (which is economically impossible). that every one is healthy and can work, and their ulitmate solution that if you can not afford health care then you should just die.

I dispise the greedy and selvish 2% of the American population who lack solidarity and compassion as well as the thug puke bastards who can not smell their own shit on their knees and who continue to empower the corporate shills that continue to undermined American Democracy.

[RazBerryBeret]

4. agree completely...

Just can't understand how so many of us can be misled by that 2%...
they are SO outnumbered.

[and-justice-for-all]

8. The people are minipulated by the M$M to which they are subject too

for most, that is all the information that they receive. The internet is to blame as well, all of those devide us, it is pure sensory overload. Most who vote republican vote against them selves and when the thugs start cutting their social benefits, law enforcement/fire fighting cuts and allowing for the continuation of jobs being outsources with reward; I hope they are able to reflect and learn that their vote sold Americas soul to the devil.

[B Calm]

5. but, the rich bastards who sent our jobs away need to be rewarded. .

and the stupid fucking people voted these right wing bastards back into power. Nothing like shooting oneself in the foot to entertain the boss.

[and-justice-for-all]

9. I think the gun was under their chin..nt

[opihimoimoi]

12. KnR #5

[kenny blankenship]

14. For years prior to the crash, the wealthy expanded their wealth AND their share of the total wealth

their income went up as others' incomes stagnated and declined, in real terms adjusted for inflation. Then comes the crash, and income for the richest stalls a bit, briefly. Then in the following year, they do better than ever before while everyone else is falling off a cliff.


Why Do They Need Any Cut? Cutting taxes for them never helped the rest of the economy or the hundreds of millions who have experienced bad times, while life just got better for the rich. This is a CRIME people. Don't be an accessory.

[ProgressiveEconomist]

21. Rs keep insisting extending top 2% tax breaks is a "pro jobs small business" tax measure.

Mitch McConnell was on Face the Nation this morning repeating that very same long-debunked lie, just as he has been doing since summer. And Bob Schieffer let him get away with it!

IMO, trying to boost consumer demand and accelerate hiring by extending INCOME tax breaks for the wealthy is like "trying to help the sparrows by feeding the horses."

IMO, the President should insist INSTEAD on a DIRECT pro-jobs small business tax measure that would go ONLY to small businesses that hire new employees and/or raise wages for all their entry-level and lower-middle-class workers. See my GD thread at http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9497641 .

Two years worth of the funding for extending tax breaks for the wealthy ($140 billion) could leverage small business owners to pump over $1.1 TRILLION and millions of jobs into the economy over the next two years. That's the ONLY way they could get their hands on the $140 billion according to this plan.

[RazBerryBeret]

22. Meet the Press this morning

had New Jersey’s Republican governor Chris Christie....
who said it ticks him off that everyone calls it "extending tax cuts" when it's really keeping the same tax structure during economic bad times...

WTF?