Last night on Parker & Spitzer - PowerStrokeNation : Ford Powerstroke Diesel Forum
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post #1 of 22 (permalink) Old 11-17-2010, 01:44 PM Thread Starter
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Last night on Parker & Spitzer

anyone see the Ben Stein interview last night?
particularly the point where he said, "...whoever came up with the 250,000 figure [is smoking bongs]..."
he suggested a flat rate all the way over to the millions, then a substantial, sharp increase..

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post #2 of 22 (permalink) Old 11-17-2010, 02:33 PM
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Re: Last night on Parker & Spitzer

I am uncertain what is being discussed....have a video?

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post #3 of 22 (permalink) Old 11-17-2010, 02:58 PM
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Re: Last night on Parker & Spitzer

It's in regards to what income level should the tax cuts should end at. Dems want to extend and increase tax breaks on income up to 250K (that's taxable income obviously, after all your 401K deductions, interest deductions, business deductions, etc...). The Rep plan is for the Bush tax cuts to remain in place as they are which also covers multi-multi millionaires.

Basically the Dem plan costs about 2 trillion in deficit spending (over the next 10 years) and gives about 99% of Americans a tax break.

The Rep plan costs about 4 trillion (over the next 10 years) in deficit spending and gives 100% of Americans a tax break.

I'm officially...Stroke-less.
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post #4 of 22 (permalink) Old 11-17-2010, 03:24 PM
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Re: Last night on Parker & Spitzer

They are both wrong, they need to attack spending.....

But what exactly did Stein say? I didn't think Stein was for more taxation.

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post #5 of 22 (permalink) Old 11-17-2010, 04:12 PM
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Re: Last night on Parker & Spitzer

Why do we keep talking about a tax break??? If this does not get passed again, taxes go up... If it does, taxes remain the same...

ITS NOT A FRICKING TAX BREAK...

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post #6 of 22 (permalink) Old 11-17-2010, 05:12 PM
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Re: Last night on Parker & Spitzer

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Originally Posted by CSIPSD View Post
Why do we keep talking about a tax break??? If this does not get passed again, taxes go up... If it does, taxes remain the same...

ITS NOT A FRICKING TAX BREAK...
Very good point. If it passes both side will claim "giving millions Tax breaks"

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post #7 of 22 (permalink) Old 11-17-2010, 06:04 PM
Junior Mint
 
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Re: Last night on Parker & Spitzer

Because it was an UNFUNDED tax break and Repubs used Congressional reconciliation both in '01 & '03 to pass it (reconciliation = parlimentiary manuever that requires only 50 votes to stop a filibuster instead of the usual 60) and to force thru the tax cut thru. Reconciliation has been used 24 times total, 14 times by Repubs. Of course the Repubs cried foul when the Dems used it to pass Healthcare reform and claimed it was unethical. Such hypocrits.

Repubs could only make the tax cuts for 9 years because to make them permanent would have mean that they would have had to *gasp* pay for them! Every dime of the Bush tax break was added to the deficit and in fact the tax break alone acounts for approximately 35% of the deficit. 20% of the deficit is unfunded war spending. 30% is lost tax revenue due to the poor economy. 6% is due to the bailouts. The other 10% or so is new plans passed mostly by the Dems including Healthcare.

Bush inherited a 4% unemployment rate from Clinton. When Obama won the election unemployment was 6%. When Obama was inaugurated unemployment was 8%. That is what Repub policies did for our economy. Tax cuts help you and I buy more PSD parts and shop at Walmart. Someone who after all of their right offs already clears 2 million dollars is not going to buy more crap because they save 80K on their taxes that year. My multi-millioniore step-dad (last one, not current) lives in a trailer park and drives a scooter. (I swear I'm not exagerating) The Corp tax rate is unchanged and that is who hires anyways.

Faux news make it out like immigrants, welfare, and the bailout programs are the reason we have this deficit. Congress could get rid of ALL discretionary spending like highways funds, border security, student loans, welfare, etc... and it would lower the budget a whopping 12%. That stuff is a scape-goat but not the real problem.

If you want the tax break to be permanent then cut spending. The Dems might tax and spend but then the Repubs spend AND cut taxes which makes them full of hot air when they talk about the deficit. In the immortal words of Cheney "deficits don't matter."

I could be excited about the new Congressional members if it was a new group but for the most part it's not. It's the same old high spending Repubs of years past.

I will personally be voting Republican if they stood up and said "to pay for these tax cuts we have to cut military spending, Social Security, etc.." but they won't. They want those votes too much.

I'm officially...Stroke-less.
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post #8 of 22 (permalink) Old 11-17-2010, 06:14 PM
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Re: Last night on Parker & Spitzer

They need to extend the cuts for everyone. Raising taxes on ANYONE regardless of their income is a bad idea during a recession. The govt needs to do things to stimulate the economy, not sh!t on it.

Higher taxes for the rich just pisses me off to no end.
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post #9 of 22 (permalink) Old 11-17-2010, 06:20 PM
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Re: Last night on Parker & Spitzer

Do you think they should pay for them thru budget cuts however or should they continue to use deficit spending to pay for them?

I mean the Tea Party and to a lesser extent the Republican party ran on a NO deficit platform. But the tax cut and cutting the deficit are plactically mutually exclusive.

If so, what would you cut? Realize that you need some SERIOUS cuts to pay for the tax cuts and to simultaneously lower the current deficit. I'm talking like a 25% cut on Defense spending. Another 25% cut on Medicare. Another 25% cut on SS. Whoever mans up and really passes these painful cuts can kiss the retiree and the military vote good bye that's for sure.

Suggestions?

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post #10 of 22 (permalink) Old 11-17-2010, 06:58 PM
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Re: Last night on Parker & Spitzer

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Suggestions?
Yes, have the government stop spending money on stupid sheit that only lines the pockets of the political contributors that paid for their campaigns..... Like the guy that made millions off the super expensive signs posted in front of every public works project that got stimulus money. If our government was run like most successful companies, a lot of people would have been fired already.

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If you have nozzles that were Extrude honed over and over and over again. It will look like a porn stars ass.hole where the pintle is supposed to seal.
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