Obama and his Tax Cuts

Sephiroth Crescent

Sephiroth Crescent

Greatest Villian Ever
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I was watching the news today, and apparently there are some issues delaying Barack Obamas plan for tax cuts to the middle class. This also happened in Bill Clintons presidential term, and these tax cuts never happened.

What do you guys think, politicians are all Machiavellians, do you think Barack Obama will carry out his idea for these tax cuts? And if so...where are we going to get the money for them?

- Sephiroth
 
There's no way he can do anything with taxes right now really. The economy is in the tank and it needs time to recover. Unless his plan somehow helps improve the quality of the economy, you won't be seeing any changes in taxes. It's not surprising really... just disappointing that the people voted for him didn't see it.
 
well I'm glad i didn't vote because i don't think i know much about McCain's tax plan or Obama's but i know i can't blame myself for what happens to the nation

as for tax breaks i don't think they will happen at least not in the near future because, and i could be wrong, it won't help the economy
 
Just another one of my predictions coming to life. this is one of the reasons why I didn't even vote for president. his whole tax hing was just a way for him to get votes. he never planned on actually following that plan. he knew it wouldn't actually work, but he also knew people are to ignorant to either know how to argue against it, or understand it.
 
his plan sounded like communism to me i mean universal health care. either Canada or communism i cant think of the other reasons for communism but there are quite a few
 
His tax cuts would not be at all communist, cutting taxes means, obviously, less money for the government. Which means less government created growth a la Keynes, and Keynesian theory is not communist, but certainly on the left side of centre.

Isn't it just a tiny bit early to be second guessing Obama?
Cutting taxes is a sound policy, tax cuts = more money in hand, which means people have more money to spend.
Not that it'll make any real difference.
 
L'Éminence Grise said:
His tax cuts would not be at all communist, cutting taxes means, obviously, less money for the government. Which means less government created growth a la Keynes, and Keynesian theory is not communist, but certainly on the left side of centre.

Isn't it just a tiny bit early to be second guessing Obama?
Cutting taxes is a sound policy, tax cuts = more money in hand, which means people have more money to spend.
Not that it'll make any real difference.
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*assuming your talking to me* I'm not second guessing Obama, in fact I'm not surprised at all this is happening, because politicians are all the same.

Tax Cuts = An increase in taxes also Placebo, which is something your quite fond of ;).

- Sephiroth
 
actually its not to late to be 2nd guessing at all,in fact its far too late i hate theis fact but obama is going to be president.
as for him not following through on his tax plan i say "THANK GOD" because it would've sent this already fucked up economy into an even worse sprial than it already is going through.to quote my favorite book "An Obama presidency would leave us a militarily weakened and economically diminished nation"
as for the comie reference some of his views are not communism but socialism.and those other western countries are even worse off than we are so what does that tell all of you about universal health care?
 
poker king46 said:
actually its not to late to be 2nd guessing at all,in fact its far too late i hate theis fact but obama is going to be president.
as for him not following through on his tax plan i say "THANK GOD" because it would've sent this already fucked up economy into an even worse sprial than it already is going through.to quote my favorite book "An Obama presidency would leave us a militarily weakened and economically diminished nation"
as for the comie reference some of his views are not communism but socialism.and those other western countries are even worse off than we are so what does that tell all of you about universal health care?
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Mmmm, thanks for your conservative propaganda.
Perhaps you'd like to explain why you 'think' that Obama would weaken the US economically and militarily?
Furthermore which western countries are worse off?
Also what that tells us about universal health care is that it's a good thing.
 
Unless Obama can pull something big off, people are going to lose faith in him very fast. In fact, he may even make our national debt (government debt) even worse. He talks about how he is going to raise the minimum wage wage every year, which will make inflation worse than the Carter-era. As for his tax cut, they will NEVER happen. He wants to put in all this money for health care and big spending to help the lower and middle class, but the money has to come from somewhere. Of course he could just tax the upper class to death, but that isn't fair either. If you worked hard your entire life and finally got a job earning $300,000 and Obama and the gov take a huge chunk of that, it would be unfair.

Capitalism all the way.
 
what do you mean which country?all of them,last i checked america was the country that was best off.
and wrong,what it tells us is that is will only weaken our economy,that it will F*** us up even more so than we already are.
as for the "conservitve propaganda"its NOT it was written by an independent party member whom (if memory serves) used to be a democrat.tell me how thats conservitve propaganda.the book's name is "obama nation" go read it if you like as a fair portion of the information is from obama's own autobiagraphy.not to mention most if not all democrats downsize the military,now i don't know about the rest of you but i myself do not like the idea of a smaller military.
 
Elochai said:
Unless Obama can pull something big off, people are going to lose faith in him very fast. In fact, he may even make our national debt (government debt) even worse. He talks about how he is going to raise the minimum wage wage every year, which will make inflation worse than the Carter-era. As for his tax cut, they will NEVER happen. He wants to put in all this money for health care and big spending to help the lower and middle class, but the money has to come from somewhere. Of course he could just tax the upper class to death, but that isn't fair either. If you worked hard your entire life and finally got a job earning $300,000 and Obama and the gov take a huge chunk of that, it would be unfair.

Capitalism all the way.
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America's foreign debt is something like 10 trillion, Obama isn't going to make any difference to that. Plus debt isn't bad, as long as it is used to fund growth.
Furthermore as the world is in economic decline, inflation is not a real problem, the falling sales means that never happens.
Life isn't fair so that arguement against a progressive tax doesn't work.

what do you mean which country?all of them,last i checked america was the country that was best off
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Which has nothing to do with Universal healthcare.

and wrong,what it tells us is that is will only weaken our economy,that it will F*** us up even more so than we already are
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Proof?
Given that America has millions of people living in poverty that don't have healthcare it may be more expensive. However it would also be cheaper to shot people who are on welfare.

myself do not like the idea of a smaller military
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Planning on invading Iran?
Lebanon looks nice this time of year.
America spends more money on its military than its education system. In fifty years it won't even be a super power. But that doesn't matter, you get the bregging right of claiming that you have one of the most efficient and best resource to kill people.
 
Obama's failure to deliver tax cuts was inevitable. Infact I'll be suprised if you guys see them at all!

As a side note, all who don't vote 'Just Because' are idots. You are given a very valued priviage. Even though 9 times out of 10 it won't make a difference you are still given the option too which most people in this world do not. Stop being dickheads.

Obama is your President. Deal with it.
 
For one, Obama isnt even President yet. He is sworn in on January 20th. As for his lowering taxes, I do not see it happening. What really has to be done is raise taxes on the rich. Get rid of all the wealthy tax breaks. That would supply a lot of money to the ecconomy right there. I could go on about how unfair real estate tax is for the middle class neigborhoods verses the rich neighborhoods. Partcularly school tax. But that is a whole other issue.

Also, the President really doesnt have a whole lot of power. He has to first work with congress. Which at the moment is also Democrat. Which could make his policies fly faster. Who knows.

But anywho, I am also for Universal Healthcare. The US Heath System is one of the worst for the weathier nations. Its more about making money than actually helping the patients. Also medicare is a disgrace. Forcing poor seniors to pay for private insurance.
 
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i take big offense that you might even joke about me invading iran i wouldn't.the point i was trying to make was that smaller military means the we are just that much easier to invade and destroy.i'm not saying that that will happen mearly that it can.and to the super power comment,how do you know that this will happen...you don't you can't possbly predict the future,i could be completely wrong but its whats most likely to happen as to what i've predicted.

and its comomn knowledge,what more proof do you need when everyone knows that universal health care COSTS MONEY,money that we do not have(we=united states)thus we'd go into further debt and our economy would then decline more.and where do you all think that money might come from? every American citizen that pays taxes which would increase to pay for the health care.most people that would pay it would already have the health care that they need.and it would be more screwed up than Medicare
 
poker king46 said:
i take big offense that you might even joke about me invading iran i wouldn't.the point i was trying to make was that smaller military means the we are just that much easier to invade and destroy.i'm not saying that that will happen mearly that it can.and to the super power comment,how do you know that this will happen...you don't you can't possbly predict the future,i could be completely wrong but its whats most likely to happen as to what i've predicted.
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xlolx. You is going to invade America? Canada, Mexico?
Maybe Cuba, Raul might just flex his muscles.
The idea that anyone could invade America is laughable.

and its comomn knowledge,what more proof do you need when everyone knows that universal health care COSTS MONEY,money that we do not have(we=united states)thus we'd go into further debt and our economy would then decline more.and where do you all think that money might come from? every American citizen that pays taxes which would increase to pay for the health care.most people that would pay it would already have the health care that they need.and it would be more screwed up than Medicare
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The great thing is, besides of course the human obligation to make sure that everyone is able to live a healthy life, is that healthy people would actually benefit any economy.
Labour is one of the four factors taken into consideration in economics, what people often forget is that they are actually humans. Which means that by ensuring they are healthy they will work better, be able to work better, be more motivated etc. There have been a whole series of papers written on the matter.
Where the money may come from, take it from the military, as America clearly isn't going to be invaded, borrow as this is direct investment, it will actually lead to financial benefits. Also with America's foreign debt already at 10 trillion dollars, any increase is likely to be nominal.
 
i'm not saying its going to happen or even close to happening,however a few years ago we were attacked so it is POSSIBLE not likely but possible.

and while yes healthy people do work better and thus help the economy but one would still lose money on the idea. most of the people who would benefit don't need it because they have insurence of their own,and if they ditch that then there will be ALOT of jobs gone.not to mention those same people who would truely benefit from it didn't help the economy in the first place and haven't for a long time.and anybody else who isn't in the first two catagories are already helped by other government programs.
 
Bez said:
xlolx. You is going to invade America? Canada, Mexico?
Maybe Cuba, Raul might just flex his muscles.
The idea that anyone could invade America is laughable.


The great thing is, besides of course the human obligation to make sure that everyone is able to live a healthy life, is that healthy people would actually benefit any economy.
Labour is one of the four factors taken into consideration in economics, what people often forget is that they are actually humans. Which means that by ensuring they are healthy they will work better, be able to work better, be more motivated etc. There have been a whole series of papers written on the matter.
Where the money may come from, take it from the military, as America clearly isn't going to be invaded, borrow as this is direct investment, it will actually lead to financial benefits. Also with America's foreign debt already at 10 trillion dollars, any increase is likely to be nominal.
Click to expand...

No no, my friend your confusing compassion and moral obligation(almost the same thing?). And even then moral obligation comes from ones own beliefs and that's fine your entitled to your own opinion, but I'm a firm believer that its my duty to provide for myself and my family.

Obama is probably going to do what you mentioned much-like what Clinton did(in response to where the money might come from), but we spend more money on entitlements(which is fine), and on jail occupance.

- Sephiroth
 
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