Official Fiscal Cliff Discussion

[AV Dicey]

Your happy about debt staying unsustainable? Those tax rates won't bring extra revenue or decrease national debt.

This is basically punting and not going bold in either direction left or right.

So few people have a grasp of the big picture and skim through media making small things into big issues? A 3% tax increase even going by the false premise that raising taxes increases revenues isn't enough to cut debt. People don't recognize tradeoffs either... more taxes less investments in jobs and in their products and services...less spending...which reduces taxpayers and brings in less sales tax revenue.

Stop being taken captive by media and their propensity to market everything like its the biggest issue in the world or the world will end...

If the magic cure is 'growth', as the repubs will start crowing next month when they're asked to reform the tax code which favors their wealthy benefactors, then the dems can also kick the can down the road and wait for growth before embarking in any entitlement reforms (because the economy is still fragile)....its the american way

and deficits are a repub/fox news creation to beat down Obama because, 'they should've never gave u nigras money!' syndrome

 

[Slim]

Drudge really has their readers in constant fear.

Editors stay with the

 

[88m3]

nyt

 

[CrimsonTider]

Exactly. People in here so disconnected from reality.

Your happy about debt staying unsustainable? Those tax rates won't bring extra revenue or decrease national debt.

This is basically punting and not going bold in either direction left or right.

So few people have a grasp of the big picture and skim through media making small things into big issues? A 3% tax increase even going by the false premise that raising taxes increases revenues isn't enough to cut debt. People don't recognize tradeoffs either... more taxes less investments in jobs and in their products and services...less spending...which reduces taxpayers and brings in less sales tax revenue.

Stop being taken captive by media and their propensity to market everything like its the biggest issue in the world or the world will end...

Y'all are delesiuonal.

How does an increase in tax revenue not increase tax revenue?

Where is the proof that higher taxes makes people invest less?

 

[yoyoyo1]

I dunno, the facebook statuses on my red states brehs were furious, so it's obvious who won

 

[Midwest]

This isn't funny. I have bills to pay. shyt is about to get real for me.

Yes, I have been looking for a job.

I hope the Tea Party Republicans die a terrible death.

I run with the dems, but if you struggling that bad you need to sell whatever device you are posting right now and get rid of the internet connection you are on and get your priorities together.

 

[Topps]

I run with the dems, but if you struggling that bad you need to sell whatever device you are posting right now and get rid of the internet connection you are on and get your priorities together.

I'm on the public library computer.

 

[TLR Is Mental Poison]

Y'all are delesiuonal.

How does an increase in tax revenue not increase tax revenue?

Where is the proof that higher taxes makes people invest less?

Ummmm... an increase in tax rates does not always yield an increase in revenue.

And if more of your income is being eaten up by taxes, you have less money to invest.

I dunno, the facebook statuses on my red states brehs were furious, so it's obvious who won

Odds are pretty high that if they're "furious" they're not very well informed about anything. Not to mention, blue state people by nature don't get furious, look how meek the folks who represent them are.

 

[Sad Bunny]

Now, Americans earning $30,000 a year will take home $50 less per month

This needs to be changed. I got plenty friends who got their first jobs out of college and are making about 30-40K per year.

I'm above 30K...but will it affect me?

Losing 50 a month is a lot to be

 

[CrimsonTider]

Ummmm... an increase in tax rates does not always yield an increase in revenue.

And if more of your income is being eaten up by taxes, you have less money to invest.



Odds are pretty high that if they're "furious" they're not very well informed about anything. Not to mention, blue state people by nature don't get furious, look how meek the folks who represent them are.

Is their any proof of this?

 

[Ill-Mind]

This needs to be changed. I got plenty friends who got their first jobs out of college and are making about 30-40K per year.

I'm above 30K...but will it affect me?

Losing 50 a month is a lot to be

It affects all of us who gets a paycheck unfortunately

 

[TLR Is Mental Poison]

Is their any proof of this?

Proof??? Its simple math

Say my paycheck is $5000 and I save $2000 of it

If my taxes go up by $500, now I can only save $1500

I am surprised you needed that to be explained to you

 

[CrimsonTider]

Proof??? Its simple math

Say my paycheck is $5000 and I save $2000 of it

If my taxes go up by $500, now I can only save $1500

I am surprised you needed that to be explained to you

Is there any macro economic proof?

 

[Rapmastermind]

Guys Obama wasn't going to get everything. There was 1 main goal and 1 main goal only. Raise taxes on the Rich. Then there were other goals like keeping social security and medicare intact. As for the tax issue They started with 250 and they got 400. That's what's call negotiation. 250 may have been to low cause those are a lot of small business owners. 400k makes sense, one you start seeing that wealth you really are in a upper bracket. Now we have see how this all plays out but judging from republican reaction they didn't get much.

 

[CrimsonTider]

Guys Obama wasn't going to get everything. There was 1 main goal and 1 main goal only. Raise taxes on the Rich. Then there were other goals like keeping social security and medicare intact. As for the tax issue They started with 250 and they got 400. That's what's call negotiation. 250 may have been to low cause those are a lot of small business owners. 400k makes sense, one you start seeing that wealth you really are in a upper bracket. Now we have see how this all plays out but judging from republican reaction they didn't get much.

250 isn't low for small business. They are taxed on profits.

I agree with everything you said though