Edwards nails it: Tax Fairness

C

Cypress

Well-known member
I wish the MSM would focus on this kind of crap - policies - rather than haircuts, cleavage, insider horse race nonsense....


John Edwards announced his tax fairness proposals today, and nailed both the substance and the messaging to sell it. He is proposing a new set of savings vehicles for working class wage earners, an expansion of the earned income tax credit, and a middle class tax cut, all to be financed by undoing the benefits Bush has larded upon the wealthy and corporations. It’s a good package, and sold with great messaging.


Edwards offers tax break to middle class
Associated Press
Thu Jul 26, 3:23 PM ET

DES MOINES, Iowa - Democratic presidential hopeful John Edwards on Thursday unveiled a plan that would increase taxes for the wealthy and create tax breaks for the middle class.

"It's time for us to put America's economy back in line with our values. It's time for us to put an end to George Bush's war on work," he told a packed theater at Grand View College in Des Moines, Iowa. "It's time to restore fairness to a tax code that has been driven completely out of whack by the lobbyists in Washington, by the powerful interests in Washington and by those who value the few above the interests of many."

He added that, "It should not be in America that the middle class carries the tax burden, and that's exactly what's happening."

Edwards' plan would fix what he called a "rigged" system by ending tax breaks to Washington insiders with wealth and corporate power. Those are the same people, he said, who keep politicians in power

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http://news.yahoo.com/s/ap/20070726/ap_on_el_pr/edwards_taxes;_ylt=AleUPmRKf_UzZqnwSDailbpp24cA
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Cypress said:
I wish the MSM would focus on this kind of crap - policies - rather than haircuts, cleavage, insider horse race nonsense....


John Edwards announced his tax fairness proposals today, and nailed both the substance and the messaging to sell it. He is proposing a new set of savings vehicles for working class wage earners, an expansion of the earned income tax credit, and a middle class tax cut, all to be financed by undoing the benefits Bush has larded upon the wealthy and corporations. It’s a good package, and sold with great messaging.
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LOL!!! "Tax Fairness"??? Is that you are trying to label a massive tax increase? As I wrote in the other post we wants eliminate the '01 and '03 tax cuts and on top of that raise additional taxes on $200k plus earners. That will be the largest tax increase in U.S. History if I'm not mistaken (which of course I often am). He doesn't have a chance in hell on that platform.
 
Yeah, how is that 'Tax fairness'? Fairness would entail that everyone is paying fairly by paying equally. Instead that looks as if you want to raise it on the wealthy and make them pay more. Fairness does not mean, 'Well you can afford it more than the poorer folks so we are taking more from you'.
 
cawacko said:
LOL!!! "Tax Fairness"??? Is that you are trying to label a massive tax increase? As I wrote in the other post we wants eliminate the '01 and '03 tax cuts and on top of that raise additional taxes on $200k plus earners. That will be the largest tax increase in U.S. History if I'm not mistaken (which of course I often am). He doesn't have a chance in hell on that platform.
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Oh, I think you may be wrong on that. Rightly or wrongly -- rightly, in my opinion, but that hardly matters -- most Americans perceive the Bush tax cuts to have failed in their stated purposes. A call to roll back the Bush cuts may well resonate with a lot of people. Naturally, the Republicans will spin it as a tax increase but they've overplayed that card, I think. People aren't so ready to believe them anymore.
 
cawacko said:
LOL!!! "Tax Fairness"??? Is that you are trying to label a massive tax increase? As I wrote in the other post we wants eliminate the '01 and '03 tax cuts and on top of that raise additional taxes on $200k plus earners. That will be the largest tax increase in U.S. History if I'm not mistaken (which of course I often am). He doesn't have a chance in hell on that platform.
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Few will be adversely affected, and the middle class will have a positive outcome, so why wouldn't he have a chance in hell?
 
cawacko said:
LOL!!! "Tax Fairness"??? Is that you are trying to label a massive tax increase? As I wrote in the other post we wants eliminate the '01 and '03 tax cuts and on top of that raise additional taxes on $200k plus earners. That will be the largest tax increase in U.S. History if I'm not mistaken (which of course I often am). He doesn't have a chance in hell on that platform.
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He doesn't have a chance in hell on that platform

Clinton ran on that platform in 1992...and won.
 
DigitalDave said:
Yeah, how is that 'Tax fairness'? Fairness would entail that everyone is paying fairly by paying equally. Instead that looks as if you want to raise it on the wealthy and make them pay more. Fairness does not mean, 'Well you can afford it more than the poorer folks so we are taking more from you'.
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"Fairness" means different things to different people. To me and many on the economic left, what counts is the amount of money one's left with after taxes.
 
"tax increase" isn't an objectionable term anymore. Most Americans support paying higher taxes to secure social security, improve health care, etc.

I hope there is a tax increase on the right people and tax cuts for the right people (me and you). It baffles me how morons like BB and Whacko get so upset when you suggest raising taxes on the super wealthy, as though they're ever going to be effected by it in any way. It's the sign of PURE brain washing.
 
People vote their wallets. He'd have a chance as long as he didn't redefine the Middle Class again as to ensure the least amount of people would benefit. There was another president who did that one....

Anyway, pretty much any D has a "chance in hell" right now. The R Party is hurting and if they don't admit it and start working on it quickly they are simply putting themselves on the obsolete pile.
 
Damocles said:
People vote their wallets. He'd have a chance as long as he didn't redefine the Middle Class again as to ensure the least amount of people would benefit. There was another president who did that one....

Anyway, pretty much any D has a "chance in hell" right now. The R Party is hurting and if they don't admit it and start working on it quickly they are simply putting themselves on the obsolete pile.
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Of course the Republican party is vulnerable. About the best and maybe only way they'll have a shot is on an issue like taxes. Edward's proposal plays right into their hands.
 
OrnotBitwise said:
Oh, I think you may be wrong on that. Rightly or wrongly -- rightly, in my opinion, but that hardly matters -- most Americans perceive the Bush tax cuts to have failed in their stated purposes. A call to roll back the Bush cuts may well resonate with a lot of people. Naturally, the Republicans will spin it as a tax increase but they've overplayed that card, I think. People aren't so ready to believe them anymore.
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I suspect the ultra-wealthy are paying a lower percentage of their income in tax NOW, than middle class working stiffs are.

Paris Hilton, and Warren Buffet make most of their income from investments not payroll wages. Investment income is typically taxes at a lower rate than payroll wage income: Taxes on dividends are never higher than 15% effective rate, the effective tax rate on capital gains, is around 20% (I think), and the fed tax on interest income on municipal and state bonds is ZERO.
 
ib1yysguy said:
"tax increase" isn't an objectionable term anymore. Most Americans support paying higher taxes to secure social security, improve health care, etc.

I hope there is a tax increase on the right people and tax cuts for the right people (me and you). It baffles me how morons like BB and Whacko get so upset when you suggest raising taxes on the super wealthy, as though they're ever going to be effected by it in any way. It's the sign of PURE brain washing.
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How do you know I'm not going to make $200k/year in my lifetime? What kind of crap is that? You are correct that I'm not near it now but I'm working my ass off and will be there shortly.

When you raise taxes on the wealthy you also hit small businesses and the job producers. Yeah it feels good to say 'soak those wealthy *ssholes' but it has an effect on the middle and lower class. The rich paying more in taxes doesn't do a middle class guy a whole lot of good when he doesn't have a job.
 
ib1yysguy said:
"tax increase" isn't an objectionable term anymore. Most Americans support paying higher taxes to secure social security, improve health care, etc.

I hope there is a tax increase on the right people and tax cuts for the right people (me and you). It baffles me how morons like BB and Whacko get so upset when you suggest raising taxes on the super wealthy, as though they're ever going to be effected by it in any way. It's the sign of PURE brain washing.
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I'll tell you what being brainwashed is: 1) believing you cannot better yourself and your economic situation and 2) that there are no econoimc consequences when you raise or lower taxes.
 
99 percent of the people who hate the words "tax increase on the wealthy" are never going to be in the income bracket that will be effected by it. And if you make $200k/year, then I hope you get taxed to the hilt to help improve the social programs your party has been bleeding to death for over a generation.
 
Clinton's raising of taxes had a pretty profound economic consequence. It just wasn't the one the Republicans were saying it would be.
 
"That means repealing tax breaks for families earning more than $200,000."

fvck that
 
200K a year in Jersey is a lot different than 200K a year in alabama. That is not rich by any stretch of the imagination for a family of 4.
 
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