Wouldn't raising taxes for 250k and above harm job creators? Why not just raise for over 1 million?

[LLStarks]

Even the millionaires themselves are saying we should tax them.

[BrklynLiberal]

1. Too simple. The repukes would say no..and the Democrats would never think of it...

[Posteritatis]

2. Wouldn't raising taxes for 1M and above harm job creators?

Why not just raise for over 5 million?

Wouldn't raising taxes for 5M and above harm job creators? Why not just raise for over 10 million?

Wouldn't raising taxes for 10M and above harm job creators? Why not just raise for over 100 million?

Wouldn't...

[GeorgeGist]

3. The Bush tax cuts didn't work.

[Poboy]

6. repeat, repeat, repeat...

The Bush tax cuts didn't work.

[hobbit709]

4. That 250K is on individual income tax, not on small businesses.

[thunder rising]

5. Small businesses are privately owned; hence profit = income. However, you have have to be going

through 3 or 4 million to actually have $250K income you can't deduct (or you need a better accountant). This is for really stupid millionaires that don't create jobs.

[Uben]

7. It's a little more complicated than that....

This is one of those "decision points" ole nose picker talked about. Obama could let the tax cuts expire, but that would act like an anti-stimulus on an already shaky recovery. Those tax savings are buying goods and services, at least those for the lower 98%.
So, we just let the tax on the 2% expire, right? Well, it looks like if he does that, the right won't buy in. So, the only thing left is compromise on something in between. Extending the tax cuts for the 2% would be seen as olive leaf and might reel in more independents come election time.

Obama can gamble on letting them all expire and letting congress pass some new stimulus measures, but we know that would be futile cuz the butt-wipelicans now have the house, and that would leave the economy worse than it is......which is what they want because they have eyes on picking up more seats next election on a weak economy.

The way it looks, Obama's best bet is to negotiate something less than what they're getting now, but still give them something in return for extending the tax cuts for the 98%. Which, if I'm not mistaken, is what he is currently involved in.

[TheKentuckian]

9. The tax cuts are bogus in their entirety, only the bottom bracket should be kept in place

as those super low wage earners in this bracket they cannot afford almost anything and face a 50% increase.

The rest of it needs to go.

[Uben]

10. Yes, they do need to go......

....and if there is a way that can happen and keep the cuts for the lower 98%, I'm sure Obama will find it. But it really looks like that's not gonna happen without the top 2% getting something. The corporatist republicans are in a position to where thay can negotiate the cut-off income level some and still be able to crow a little bit, so that is what I am expecting to happen. Maybe $500K or lower. That gives both the WH and the repukes some merit.

[TheKentuckian]

16. No, I mean all of them except the bottom bracket which is set to go from 10% to 20%

The rest all needs to go and that now thankfully includes me.

We have madcap debt, millions and millions with no work losing benefits every week, and a 2 trillion dollar infrastructure deficit.

Fuck these tax cuts, they are a drag on the economy and divert resources from more critical areas.

Folks didn't even notice the last cut that Obama gave them. Its a game that plays on natural human greed to provide more that have so much excess that they cannot cash out and their footpads that can be broken in no time themselves but believe they have earned beyond loss as long as they stand with the owners against the other 98.5ish of us that have to work to maintain.

That extra few pennies on the dollar on the portion above 250k isn't cutting muscle and bone at all, the conversation is ludicrous and I think the so called "middle class" tax cuts are more placebo than impactive as well. It is about an idea rather than reality and the reality is based on shortsightedness and greed with a dose of ignorance along with every serving.

[Uben]

18. Being a fiscal conservative.....

....I agree with you. I don't think they should spend anything not paid for. I wish for a balance budget, but I just don't see that happening either. Politicians are narcissistic and they also want to show their districts they can bring home the bacon without regard to deficits. I wish we could change that misdset, but some of these guys have been there way too long and that just doesn't fit their modus operandi.

[TheKentuckian]

19. I'm tolerant of targeted deficit spending but the tax cuts are roughly equivalent to

using bales of cash for firewood in comparison to much more desperate need elsewhere, including not borrowing a ton of money to throw another log in the pit.

Hell, it would be different if the fire was for warmth but it is daylight on a hot beach. Certainly not more than a bit chilly as the sun sets.

The total cost is trillions, this is what we need to borrow trillions for and institute austerity measures on people just getting by for?

This is an absurd proposition from the perspective of most ideology except for our self destructive secular religion.

Our complete infrastructure is falling down, millions are without work, many millions more sliding down in a long era of stagnate to depressed wages, and more and more becoming homeless and indigent all the time. Keep that in mind as we consider the service on the current debt is like 300+ billion and explain how this bullshit is a priority.

Not to mention as fewer people divide an ever shrinking crumb the stream to the coffers because a trickle and then a drop. We lost the debate even bargaining around. Give the poorest taxpayers a sane rate, remembering that most every cent they earn will be spent and further taxed. Probably the 10% is too high in the coming age of mandated health care premiums and delayed retirement but another 5% is flesh, if not bone.

[Poboy]

8. Demand creates jobs. Not under taxed idle rich.

[abelenkpe]

12. + 1000 nt

[socialist_n_TN]

17. THANK YOU! I don't know why EVERYBODY .............

doesn't get this.

TAX BREAKS FOR RICH PEOPLE, NOR RICH PEOPLE THEMSELVES DO NOT CREATE JOBS! Repeat! TAX BREAKS FOR RICH PEOPLE, NOR RICH PEOPLE THEMSELVES DO NOT CREATE JOBS! Repeat! TAX BREAKS FOR RICH PEOPLE, NOR RICH PEOPLE THEMSSELVES DO NOT CREATE JOBS.

Until we change this capitalist system, ONLY DEMAND CREATES JOBS. Trust me, if there's a demand there will be a job fulfilling that demand. The trick is to encourage demand and tax breaks for the rich does not do that.

[Jackpine Radical]

11. There is no evidence whatever that raising taxes on income

over $250,000 would damage job creation. The opposite is more likely to be true: If the rich want to avoid taxes, the best thing they can do is reinvest the money in their own companies and claim the writeoffs.

[Iggo]

13. Cutting their taxes does NOT create jobs.

Tax-cuts are not what the "job creators" need.

They need customers.

[Greyhound]

14. No it wouldn't, this is a reich-wing lie that has benn repeated so often that people

have come to believe it.

Neither people nor businesses hire or fire based on their income taxes.

[Ramulux]

15. We should repeal ALL the tax cuts

We would be so much better off in the long term. We need to at least go back to the tax policy that existed under Bill Clinton.