Whats your guess....

Jarod said:
So are you saying the President Cut taxes?
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Yes, he did. Because he knows it is foolish to raise taxes during a poor economy. He knows raising taxes is going to hurt the economy... especially with all his lavish spending habits. Which is why he wants to wait until after the election to raise them.
 
Jarod said:
http://money.cnn.com/2011/02/14/news/economy/obama_budget/index.htm
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But even as it trims deficits, the president's budget would add $7.2 trillion to the debt held by the public between 2012 and 2021.
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This is my point... while I appreciate you linking up to his proposal that you referred to, he is not doing anything meaningful to reduce his deficit spending.

When Bush was in office, fiscally responsible people screamed about the $480B deficit. Yet according to your link, his plan still adds an average of $720B per year over the next decade.

Saying 'I have been over spending by $1T per year and now will only overspend by $720B per year' is not helping matters.
 
Superfreak said:
Yes, he did. Because he knows it is foolish to raise taxes during a poor economy. He knows raising taxes is going to hurt the economy... especially with all his lavish spending habits. Which is why he wants to wait until after the election to raise them.
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Why are Republicans out screaming about how President Obama raised there taxes and blaming him for how high there taxes are?
 
Superfreak said:
This is my point... while I appreciate you linking up to his proposal that you referred to, he is not doing anything meaningful to reduce his deficit spending.

When Bush was in office, fiscally responsible people screamed about the $480B deficit. Yet according to your link, his plan still adds an average of $720B per year over the next decade.

Saying 'I have been over spending by $1T per year and now will only overspend by $720B per year' is not helping matters.
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I understand your point, but it was a proposed cut. Now we can get into the reasons why government had to increase spending, to ward off depression, but now that thats done, we should start a gradual spending reduction. It must also be paired with small tax increases.
 
Jarod said:
No, that is not what I am saying, read what I wrote, then you will see what I am saying.
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http://www.ntu.org/tax-basics/who-pays-income-taxes.html

Percentage of Federal Personal Income Tax Paid

The top 10% of taxpayers pay

1999....66.45%
2000....67.33%
2001....64.89%
2002....65.73%
2003....65.84%
2004....68.19%
2005....70.3 %
2006....70.79%
2007....71.22%
2008....69.94%
2009....70.47%

Corporations pay an additions 12% of federal income total...thats 82.47% total.....

I'd say thats more than their fair share....
You can look up the rest....
 
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Jarod said:
We have had the lowest income tax since the 1930's, and the worst economy.... What does that tell you? The taxes are way too low for a healthy economy, we need to go back to the rates when Bill Clinton was president.
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It tells me you're wrong.
 
Superfreak said:
You do understand that there are more forms of taxation than the income tax? He certainly lowered the tax brackets, but that doesn't mean he didn't raise taxes elsewhere.

Look at Reagan... he lowered and simplified the brackets, yet he raised cap gains taxes, raised the cigarette tax, increased payroll tax etc...

Not sure how it all washes out for Obama.
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I should have just cited to Bravo's post just above yours.
 
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