Paul Ryan!!

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How do tax cuts pay for themselves? Trickle-down theory, again? I agree spending must be curtailed but tax cuts work in the opposite direction. We need both spending cuts AND tax increases within reason, and that’s the hard truth that nobody wants to hear.
If we want the level of government spending we have today, then tax rates will for everyone will have to be higher. And that is from that noted Liberal, Glenn Hubbard, who was chair of George Bush’s Council of Economic Advisers. And if you say you want smaller government, you have to keep in mind that Social Security, Medicare and Defense make up about 60% of federal spending, so you cannot balance the budget without either cutting the sacred three or raising taxes. Even Ryan’s plan doesn’t cut anything.
 
Oh yes, they have their ways. Kinda like tax loopholes 🙂
Tax loopholes are legitimate deductions on a tax return. If you claim a mortgage interest deduction or a charitable donation deduction, you are using a tax “loophole.”
 
ComputerGeek25;9661990:
That depends on the nature of the law.

Insurance companies cannot deny you for any reason they want.

Oh yes, they have their ways. Kinda like tax loopholes 🙂
Insurance companies can deny you for that either are in the contract you signed as not being covered, or not in the contract at all.

For example, if you hit your policy limit. Or if your policy won’t include physicals.
 
No, not current, future. Currently the corporate welfare program is unfunded. oh I believe it goes something like this…“we gotta cut all these entitlements so we can pay for these tax cuts”
So, entitlements is something the poor own, and they are being confiscated from them and given to the rich?
 
take away entitlements. take away tax cuts to rich. keep it simple.
You do realize that you have to be paying taxes in order to qualify for a “tax cut” or a deduction? And that many middle class people would be hurt by eliminating tax deductions/cuts?
 
Tax loopholes are legitimate deductions on a tax return. If you claim a mortgage interest deduction or a charitable donation deduction, you are using a tax “loophole.”
There is nothing wrong with taking advantage of a tax loophole. On the other hand, one can debate whether these tax loopholes are prudent and whether they have bad economic consequences in the long run. The mortgage interest deduction is a classic case in point, if I had a mortgage, you can bet I would take the deduction. However, it is very bad economic policy to allow mortgage interest to be deducted, it messes up incentives in bad ways. It encourages households to overextend themselves and it funnels capital from the production side of the economy to consumption, which is harmful in the long run.
 
take away entitlements. take away tax cuts to rich. keep it simple.
No one is proposing tax cuts. They are proposing we not raise taxes during a recession. Because of politics, the Democrats are okay with everyone having their taxes raised, in order to frame it as the Republicans desiring “tax cuts for the rich,” even though the amount that will be raised by “taxing the rich” won’t even make a dent in the deficits/debt.
 
And you saw Obama on CSPAN - in the Senate and the House - begging republicans to work with him? And the republicans refusing to do so …For two years …

Gee - you must have been watching a different CSPAN camera view then was broadcast in the western part of the nation …

do you have a link so others can see this too? … news reports … because I think this also would have made the alpabet soup channels and Rachel Maddow’s show … Chris Matthews too :rolleyes:
I just saw your post, hang around for a minute and I’ll see if I can find it for you. Yes, I actually saw Obama sitting at a table surrounded with republicans asking for their ideas and stating several times he was serious about working together with them on this health care bill. I remember it’s when McCain was getting sassy with him because he was still mad HE wasn’t the president.
 
There is nothing wrong with taking advantage of a tax loophole. On the other hand, one can debate whether these tax loopholes are prudent and whether they have bad economic consequences in the long run. The mortgage interest deduction is a classic case in point, if I had a mortgage, you can bet I would take the deduction. However, it is very bad economic policy to allow mortgage interest to be deducted, it messes up incentives in bad ways. It encourages households to overextend themselves and it funnels capital from the production side of the economy to consumption, which is harmful in the long run.
I think the mortgage interest “loophole” should be eliminated. If I’m rich enough to own a home, why should I get a tax break. I think taxes have been used for social engineering for too long.
 
There is nothing wrong with taking advantage of a tax loophole. On the other hand, one can debate whether these tax loopholes are prudent and whether they have bad economic consequences in the long run. The mortgage interest deduction is a classic case in point, if I had a mortgage, you can bet I would take the deduction. However, it is very bad economic policy to allow mortgage interest to be deducted, it messes up incentives in bad ways. It encourages households to overextend themselves and it funnels capital from the production side of the economy to consumption, which is harmful in the long run.
“encourages households to overextend themselves”??? “funnels capital from the production side of the economy to consumption”

Who builds homes?

It also encourages home ownership, which is obviously bad.

You know the “pride in ownership” thingy.

And since when is a standard deduction a “loophole”? A loophole would be filing for divorce in a foriegn country to file as “single”, because the marital status only applies to the last day of the tax year.

A legitimate personal or business deduction a “loophole” does not make.
 
No one is proposing tax cuts. They are proposing we not raise taxes during a recession. Because of politics, the Democrats are okay with everyone having their taxes raised, in order to frame it as the Republicans desiring “tax cuts for the rich,” even though the amount that will be raised by “taxing the rich” won’t even make a dent in the deficits/debt.
man you guys are great at spinning things. are you sure you’re not an imposter working for the Romney campain? ok, take away entitlements and END the bush era tax cuts. ending the cuts is kinda like raising them back up. It will save 2 trillion dollars we don’t have. how can republicans, with a straight face, lecture about spending?
 
You sound so sincere but I have to ask. How many people have died as a result of “global warming?”
Not sure, maybe 5 or 10 million. There are many CC impacts that result in human deaths, & they are very likely underestimating past deaths from CC, but here are a few links re that:

-popsci.com/environment/article/2009-05/climate-change-report-day
-ghf-ge.org/human-impact-report.pdf
-sites.google.com/site/yarravalleyclimateactiongroup/how-many-people-die-from-carbon-burning-and-climate-change-each-year

The point is we should be concerned about future deaths from CC, just as we are re abortion when we vote for candidates – we want the to reduce future abortions.

In this respect CC would far outstrip abortion death figures, as we’d be killing off most, if not all life on earth (if we fail to mitigate starting right now), as discussed in the earlier link I provided (esp. see p. 24): columbia.edu/~jeh1/2008/AGUBjerknes_20081217.pdf

Even if it is only half of all people, that would be terrible. Why would we want to do that to people? Even if politicians do nothing about the issue, we have a sacred responsibility to reduce our harms in our daily lives.
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How many of the predictions regarding “global warming” have acutally come true.
Actually alll their earlier predictions have fallen far short of what has been happening. I’ve been following the science like a hawk for over 20 years after I learned in 1989 that CC may have been responsible for enhancing the droughts in Africa over the past 30 years, and the science keeps coming in, “It’s worse than we thought,” "It’s much much worse than we thought."Quote:
Were you around when the same “respected scientists” were predicting mass starvation or the Coming Ice Age?
I was born in 1947, so I’ve been around. I was vaguely aware that some scientists were concerned about the aerosol impact (emissions that go along side GHG emissions), and there was a cooling spell partly driven by that. I imagine some scientists may have been speculating on an ice age in some 1000s of years (afterall we have been in ice ages before) – I don’t remember this being an issue, esp since we have survived ice ages, e.g., during the Pleistocene.

What was a scary issue back then re “global cooling,” was talk about a “nuclear winter” re nuclear war kicking up so much dust, it would cool us down and blot out the sun so much the crops around the world would fail and send us into death by famine (assuming we didn’t die from the bombs or radiation first).

However, the top climate scientists for the past 100 years have been warning about warming, not cooling. See thedgw.org/definitionsOut/…%5Cdocs%5CHansen_climate_impact_of_increasing_co2.pdf & en.wikipedia.org/wiki/Svante_Arrhenius#Greenhouse_effect

And I was much more aware of that than any ice age prediction.Quote:
…I’m not missing a single second of sleep worrying about unproven and in many ways debunked theories. I don’t care what Romney thinks about about “global warming.”
If anyone wants me to vote for Romney/Ryan, please do contact them (just to humor me) and ask them to do something to help us mitigate climate change. That’s the only issue holding me up. It doesn’t have to be taxes and fees on fossil fuels; it could just be leadership and inspiration to reduce our GHGs in cost-effective ways, saving us money and strengthening the economy without lowering productivity & living standards (which could get us down to a 75% reduction with off-the-shelf technology AND reduce a lot of other harmful environmental and non-environmental problems).

Some people may not care about the babies, children, fetuses, and yet to be born (except those slated for elective abortions), but I do, and I’d like to vote for a fully pro-life candidate, not a partly pro-life candidate who would knowingly or unknowingly (due to wrong information promoted by his oily backers) push us into total destruction of all life on earth.
 
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