Taxes

iVillage Member
Registered: 01-12-2008
Taxes
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Tue, 12-07-2010 - 5:35pm
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iVillage Member
Registered: 03-03-2009
In reply to: nessie_132
Tue, 12-07-2010 - 9:00pm

Politically savvy.

Jabberwocka

iVillage Member
Registered: 03-10-2010
In reply to: nessie_132
Tue, 12-07-2010 - 9:34pm
I don't know if it is savvy politically. Democrats are complaining. As for economic suicide - maybe, but I think it is more like government fiscal suicide. More deficits and a growing debt makes the future look bleak. Then again, continued unemployment benefits are helpful to the economy overall, and the lower and middle classes tend to spend much of their disposable income, so maybe there is a stimulative effect to this. The payroll tax cut will be spent by people who hardly notice that they have a few more bucks in their paychecks. Spending could help economic recovery. All of it is speculation, because we have no way of knowing how people will actually react to a tax break. Certainly the tax breaks of the last 10 years haven't encouraged the wealthy to trickle. So, tax breaks to them are pretty much a waste.

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iVillage Member
Registered: 11-11-2010
In reply to: nessie_132
Tue, 12-07-2010 - 10:12pm
I think it's more about not making the economy worse. This economic "recovery" is so fragile at best. They are trying to keep it where it is so it will continue to grow (albeit very slowly) instead of going straight down the toilet.

Once the economy recovers (hopefully soon) the taxes can be increased and it will not adversely affect the economy.

It is wrong to expect this delay in tax hikes to "stimulate" the economy....it is only going to keep it where it is and not make it worse.
iVillage Member
Registered: 09-15-2008
In reply to: nessie_132
Tue, 12-07-2010 - 11:48pm

calling this a "compromise" is laughable imo.

iVillage Member
Registered: 03-30-2007
In reply to: nessie_132
Wed, 12-08-2010 - 8:53am

I think it would have been better to say the tax on the wealthy expires in one year.

iVillage Member
Registered: 03-03-2009
In reply to: nessie_132
Wed, 12-08-2010 - 9:03am

Obama knows that the November elections were a referendum on how he's led.

Jabberwocka

iVillage Member
Registered: 11-11-1999
In reply to: nessie_132
Wed, 12-08-2010 - 9:58am
As for economic suicide - maybe, but I think it is more like government fiscal suicide. More deficits and a growing debt makes the future look bleak.
This is not so much suicide but rather a designed murder. Even during the relatively "good" times of 5 to 7 years ago the Republican tax cuts were unsustainable and doubled the national debt (which is fine if you are doubling it to lie your way into war. Doubling it to provide health care or unemployment insurance is verboten).
What the right wing in this country is looking for is to plunge the country into economic chaos as an excuse for ending the social programs that they are too cowardly to vote straight up on. They figure that a near economic collapse of the economy will provide both the excuse and the political cover to accomplish this. And, should economic conditions become too unstable, they figure their guns will protect them from the rabble.

dablacksox


Cynic: a blackguard whose faulty vision sees things as they are, not as they ought to be.---Ambrose Bierce, The Devil's Dictionary.

iVillage Member
Registered: 03-02-2009
In reply to: nessie_132
Wed, 12-08-2010 - 10:30am

Remember when unemployment was 26 weeks? Now, we have an "extension" of 56 weeks, on top of the 99 weeks!

Our debt problems have nothing to do with needing more taxes collected on top of the trillions of our dollars that the government already takes. Government spending is simply out of control, but our politicians are so eager to promise more and more money (like unemployment) to people in order to buy votes and keep their seats that they have no incentive to fix the real problem.

We need to get back to the Constitutional roots that this country was founded on.

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 03-03-2009
In reply to: nessie_132
Wed, 12-08-2010 - 11:55am

Constitutional roots as defined by whom?

Jabberwocka

iVillage Member
Registered: 03-10-2010
In reply to: nessie_132
Wed, 12-08-2010 - 5:51pm
Anthony: Do you have a link about the extension beyond 99 weeks. Just now, I am watching television where the analyst is saying that this still does NOT address what to do with the 99ers. If this is an extension beyond 99 weeks, it is news to me (and I've been following) and maybe to the people on my local CBS affiliate.

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