ignore the smoke and mirrors. the Republicans have one item in their platform: low taxes on the rich

[Majik]

The canard that the Democrats are promoting a tax on the middle class is a lie from the rich Republicans who want to keep their taxes low.
Funny how that works isn't it

Nice try ....
but...

https://gop-waysandmeans.house.gov/conf ... dle-class/

 
 

[slideman]

Nice try ....
but...

https://gop-waysandmeans.house.gov/conf ... dle-class/

You can see that argument effectively refuted here
https://nymag.com/intelligencer/2022/08 ... -rich.html

[Majik]

You can see that argument effectively refuted here
https://nymag.com/intelligencer/2022/08 ... -rich.html

•  

Breaking: Biden Budget Includes Tax Increase on Lower & Middle Income Families Earning Under $400,000 MAY 27, 2021 — BLOG    — SELECT REVENUE MEASURES   Taxes will increase for low- and middle-income individuals according to an early report by the New York Times on President Biden’s proposed budget. This bombshell negates President Biden’s oft-repeated pledge that he would not allow taxes to go up on lower or middle-income individuals and families. This is the latest example of President Biden abandoning his lofty promise that he can fund trillions of dollars in new spending simply by taxing the wealthy or corporations alone. In fact, President Biden’s budget relies on expiration of middle-class tax cuts in order to achieve a historically high level of tax on Americans. In addition, President Biden’s trillions in wasteful spending will harm regular Americans with higher prices due to inflation—itself a “stealth tax” on regular consumers. Key Facts:

• President Biden Will Stoke Inflation and Increase the Deficit:
  • An early report by the New York Times finds that “the United States would run significant deficits as it borrows money to finance his plans. Under Mr. Biden’s proposal, the federal budget deficit would hit $1.8 trillion in 2022, even as the economy rebounds from the pandemic recession to grow at what the administration predicts would be its fastest annual pace since the early 1980s.”

• The Return of the Bad Old Days with Slow Growth: The Obama-Biden administration famously accepted slow growth as America’s “new normal” while pursuing policies that sent jobs overseas. President Biden appears to be lowering the bar even further, by lowering expectations far below President Obama’s own final budget that predicted annual growth of about 2.3 percent on average.
  • “By 2024, debt as a share of the economy would rise to its highest level in American history, eclipsing its World War II-era record.” Biden’s aides “predict that even if his full agenda were enacted, the economy would grow at just under 2 percent per year for most of the decade, after accounting for inflation. That rate is similar to the historically sluggish pace of growth that the nation has averaged over the past 20 years.”

• Lower and Middle Income Families Hit Hardest: Despite repeated pledges that he will not increase taxes on lower and middle-income earners earning less than $400,000 a year, President Biden’s budget assumes higher taxes for the middle class. How? By letting tax cuts expire.
  • “By 2028, when Mr. Biden could be finishing a second term in office, the government would be collecting more tax revenue as a share of the economy than almost any point in modern statistical history.”

 

[nefarious101]

The Republicans use all kinds of issues to enrage their membership but they really have only one priority: low taxes on the rich.
All the stuff about racism and abortion and transgender people and all that stuff is fluff. Stuff to keep the constituency enraged and voting Republican.
What a bunch of suckers

you do realize that the progressive democrats had both the presidency and congress and did nothing about the tax the rich narrative don't ya?....and the dreamers too...nothing at all.


slideman is way to politically emotional to think or he wouldn't say such stupid stuff

[slideman]

Republicans Are the American Oligarchy
The GOP remains committed to promoting the interests of the wealthy in government. Democrats win by fighting back.

https://www.thenation.com/article/socie ... oligarchy/

[slideman]

Billionaire Tax Dead On Arrival After Manchin Blasts Proposal Mere Hours After Its Release

Democrats have already nixed a contentious plan to tax the wealth of roughly 700 billionaires, Rep. Richard Neal (D-Mass.) confirmed Wednesday, after moderate Sen. Joe Manchin (D-W.V.) voiced concerns earlier in the day over the proposed provision in President Joe Biden’s spending package. 

https://www.forbes.com/sites/jonathanpo ... b6772bc365

[slideman]

Now this would tend to indicate to me it's not just Republicans it's also Democrats in the Senate who do not want to offend their billionaire donors. Fair enough.
My representative is jayapal and she takes virtually no corporate money.
We have had to remonstrate with Murray over her sources of funding.

Since the Supreme Court made bribery of our elected officials legal there is corruption on both sides.

[Majik]

Now this would tend to indicate to me it's not just Republicans it's also Democrats in the Senate who do not want to offend their billionaire donors. Fair enough.
My representative is jayapal and she takes virtually no corporate money.
We have had to remonstrate with Murray over her sources of funding.

Since the Supreme Court made bribery of our elected officials legal there is corruption on both sides.

Jayapal takes lots of corporate money ....
https://www.opensecrets.org/members-of- ... =N00038858
 
 

[slideman]

"Very first bill": McCarthy pledges repeal of IRS funding meant to target wealthy tax cheats

Soon after the U.S. House reconvenes Monday to vote on the rules package containing many of the concessions House Speaker Kevin McCarthy made to secure to votes of far-right Republicans, the party is also expected to introduce what the new leader said early Saturday would be its "very first bill": a proposal repealing new Internal Revenue Service funding meant to help audit the wealthiest Americans.

https://www.salon.com/2023/01/09/very-f ... s_partner/

[slideman]

CBO: GOP’s IRS bill will add $114B to deficit

"The Republican proposal to eliminate billions of dollars in IRS funding will pile more than $100 billion onto federal deficits, according to a new estimate from Congress’s official budget scorekeeper."

https://thehill.com/homenews/house/3805 ... o-deficit/

All good as long as those rich people don't have to pay.
Suckers

[Lincoln Nebraska]

You are apparently obsessed with this person pastafarian.

He and his socks are obsessed with the forum!    

[slideman]

The Trump coalition of MAGAs and Oligarchs lives on and is as dangerous as ever

"The two parts of the Republican Party — the MAGA cultural warriors and the economic oligarchs — need each other.

The oligarchy wants lower taxes (which requires less government spending) and fewer regulations. Most basically, it wants to continue to siphon off more of the economy’s total gains.

To do so, it needs the MAGA cultural warriors to keep America divided over non-economic issues (abortion, gay rights, immigration, voting rights, religious freedom) so most Americans won’t look up and see where all the money has gone."

https://www.miningjournal.net/opinion/2 ... s-as-ever/

[slideman]

After sanctioning Russia’s oligarchs, America must tax its own

"America’s wealthiest individuals cannot be allowed to suck the lifeblood out of our collective social infrastructure — our schools, roads, bridges, police forces and courts — and then turn around and pay nothing for it while the rest of the nation picks up the bill. If we want to restore some semblance of fairness to our tax code and our economy, we need to start by making billionaire oligarchs pay their fair share in taxes.  "

https://thehill.com/opinion/finance/346 ... x-its-own/

[slideman]

New House Rules: Low Taxes for the Wealthy on Cruise Control, Tax Credits for Working People Face Roadblock

https://itep.org/new-house-rules-low-ta ... roadblock/

[slideman]

It would be funny if it weren't tragic. One can point out to these Republican right wingers that they are being suckered by the oligarchs who control their party. They don't care they are so caught up in questions of abortion transsexuality and race that they can't think about anything else.
There is a surgical technique I don't understand in the Republican party that snips off people's compassion for other human beings. Many of the Republicans on here seem to have had their compassion snipped.
Many if not most of them profess to be Christians and have abjured the true tenets of their own faith.
https://www.beliefnet.com/news/2003/09/ ... jesus.aspx
 
 

[slideman]

Today the Republicans are all in a frenzy because Biden apparently mishandled classified information or someone on his staff did.
Meanwhile the oligarchs continue to rip off the country.
Business as usual

[Taipan]

Today the Republicans are all in a frenzy because Biden apparently mishandled classified information or someone on his staff did.
Meanwhile the oligarchs continue to rip off the country.
Business as usual

I want the Upper-class to pay twice as much as the middle class.
How about;

1.  Lower-class  =  none.
2.  Middle-class  =  15% of gross.
3.  Upper-class  =  30%. of gross.

No exemptions, no deductions, no depriciations.    Just straight off the top.

Could you live with that ?                                            

[slideman]

I want the Upper-class to pay twice as much as the middle class.
How about;

1.  Lower-class  =  none.
2.  Middle-class  =  15% of gross.
3.  Upper-class  =  30%. of gross.

No exemptions, no deductions, no depriciations.    Just straight off the top.

Could you live with that ?                                          

That is a good beginning to a negotiation.
What about capital gains?

[Taipan]

That is a good beginning to a negotiation.
What about capital gains?

Same deal.
15% off the top for Middle-class.
30% off the top for Upper-class.

What about a European VAT-tax for the Upper-class?
30% extra tax on all luxury items like mansions, jets,
yachts, Lamborghini's, & Rolex's ?

[Varnaj42]

The Republicans use all kinds of issues to enrage their membership but they really have only one priority: low taxes on the rich.
All the stuff about racism and abortion and transgender people and all that stuff is fluff. Stuff to keep the constituency enraged and voting Republican.
What a bunch of suckers

Well if that's true then why is the new congress talking about abolishing the IRS?