Author Topic: Republicans push payroll tax hike, Obama tries to block it (Read 1580 times)

blacken700 · « **on:** August 21, 2011, 08:17:02 AM »

Source: Associated Press

http://news.yahoo.com/gop-may-ok-tax-increase-obama-hop...

As part of a bipartisan spending deal last December, Congress approved Obama's request to reduce the workers' share to 4.2 percent for one year; employers' rate did not change. Obama wants Congress to extend the reduction for an additional year. If not, the rate will return to 6.2 percent on Jan. 1.

"It's always a net positive to let taxpayers keep more of what they earn," says Rep. Jeb Hensarling, "but not all tax relief is created equal for the purposes of helping to get the economy moving again." The Texas lawmaker is on the House GOP leadership team.

That worries Rep. David Camp, R-Mich., chairman of the tax-writing Ways and Means Committee, and a member of the House-Senate supercommittee tasked with finding new deficit cuts. Tax reductions, "no matter how well-intended," will push the deficit higher, making the panel's task that much harder, Camp's office said.

House Majority Leader Eric Cantor, R-Va., "has never believed that this type of temporary tax relief is the best way to grow the economy," said spokesman Brad Dayspring.

Read more: http://news.yahoo.com/gop-may-ok-tax-increase-obama-hop...

Soul Crusher · « **Reply #1 on:** August 21, 2011, 08:19:52 AM »

Payroll tax cut is pure garbage unless you make equal or greater cuts to medicare and ss.

At a time of increasing people going on entitlments and baby boomer retirements, payroll tax cut makes the matters worse.

blacken700 · « **Reply #2 on:** August 21, 2011, 08:24:42 AM »

more than happy to take $1,000 per year back from the average family but don't touch the top rate

Soul Crusher · « **Reply #3 on:** August 21, 2011, 08:31:51 AM »

That's pure garbage and nonsense. Take a math class moron.

blacken700 · « **Reply #4 on:** August 21, 2011, 08:36:52 AM »

Quote from: 333386 on August 21, 2011, 08:31:51 AM

That's pure garbage and nonsense. Take a math class moron.

nice name calling half pint

Soul Crusher · « **Reply #5 on:** August 21, 2011, 08:40:23 AM »

Quote from: blacken700 on August 21, 2011, 08:36:52 AM

nice name calling half pint

So you want the rich to pay for all of Medicare and ss now too?

blacken700 · « **Reply #6 on:** August 21, 2011, 08:43:36 AM »

a family making 60k a year they will have an extra $1200 a year in FICA taxes when the cut expires

Soul Crusher · « **Reply #7 on:** August 21, 2011, 08:45:29 AM »

Do you even know why there is a payroll tax?

blacken700 · « **Reply #8 on:** August 21, 2011, 08:50:45 AM »

That worries Rep. David Camp, R-Mich., chairman of the tax-writing Ways and Means Committee, and a member of the House-Senate supercommittee tasked with finding new deficit cuts. Tax reductions, "no matter how well-intended," will push the deficit higher, making the panel's task that much harder, Camp's office said.

But Republican lawmakers haven't always worried about tax cuts increasing the deficit. They led the fight to extend the life of a much bigger tax break: the major 2001 income tax reduction enacted under Bush. It was scheduled to expire at the start of this year

fu#k the middle class

Straw Man · « **Reply #9 on:** August 21, 2011, 09:05:25 AM »

Quote from: blacken700 on August 21, 2011, 08:50:45 AM

That worries Rep. David Camp, R-Mich., chairman of the tax-writing Ways and Means Committee, and a member of the House-Senate supercommittee tasked with finding new deficit cuts. Tax reductions, "no matter how well-intended," will push the deficit higher, making the panel's task that much harder, Camp's office said.But Republican lawmakers haven't always worried about tax cuts increasing the deficit. They led the fight to extend the life of a much bigger tax break: the major 2001 income tax reduction enacted under Bush. It was scheduled to expire at the start of this year

fu#k the middle class

A Republican actually admitted that tax cuts increase deficit

blacken700 · « **Reply #10 on:** August 21, 2011, 09:10:56 AM »

Quote from: Straw Man on August 21, 2011, 09:05:25 AM

A Republican actually admitted that tax cuts increase deficit

yeah only if their tax cuts for the middle class

Soul Crusher · « **Reply #11 on:** August 21, 2011, 09:16:07 AM »

Do you even know why we have a payroll tax blackass?

blacken700 · « **Reply #12 on:** August 21, 2011, 09:26:40 AM »

Quote from: 333386 on August 21, 2011, 09:16:07 AM

Do you even know why we have a payroll tax blackass?

wow more name calling short stuff

Soul Crusher · « **Reply #13 on:** August 21, 2011, 09:30:24 AM »

Again - why shouldn't people pay for programs they will take money from later?

blacken700 · « **Reply #14 on:** August 21, 2011, 09:35:31 AM »

Quote from: blacken700 on August 21, 2011, 08:50:45 AM

That worries Rep. David Camp, R-Mich., chairman of the tax-writing Ways and Means Committee, and a member of the House-Senate supercommittee tasked with finding new deficit cuts. Tax reductions, "no matter how well-intended," will push the deficit higher, making the panel's task that much harder, Camp's office said.

But Republican lawmakers haven't always worried about tax cuts increasing the deficit. They led the fight to extend the life of a much bigger tax break: the major 2001 income tax reduction enacted under Bush. It was scheduled to expire at the start of this year

fu#k the middle class

OzmO · « **Reply #15 on:** August 21, 2011, 12:41:11 PM »

333333, instead of railing on people about what you think they don't know, how about just making your point.

Soul Crusher · « **Reply #16 on:** August 21, 2011, 01:52:14 PM »

When someone as ignorant as blacken does not even know what the payroll tax is for he deserves to called an idiot.

Hugo Chavez · « **Reply #17 on:** August 21, 2011, 02:28:32 PM »

Quote from: OzmO on August 21, 2011, 12:41:11 PM

333333, instead of railing on people about what you think they don't know, how about just making your point.

I'm sure getting tired of threads that go like this. Instead of explaining what he's talking about, he always posts shit like, "you're a moron, take a class" "you don't know jack" bla bla bla...

Soul Crusher · « **Reply #18 on:** August 21, 2011, 02:31:30 PM »

Your right hugo. I guess its too much to expect people to understand basic math anymore.

OzmO · « **Reply #19 on:** August 21, 2011, 02:34:53 PM »

Quote from: Hugo Chavez on August 21, 2011, 02:28:32 PM

I'm sure getting tired of threads that go like this. Instead of explaining what he's talking about, he always posts shit like, "you're a moron, take a class" "you don't know jack" bla bla bla...

Yeah it is getting old.

OzmO · « **Reply #20 on:** August 21, 2011, 02:35:44 PM »

Quote from: 333386 on August 21, 2011, 02:31:30 PM

Your right hugo. I guess its too much to expect people to understand basic math anymore.

If you can't explain your point just say so. If all you are going to do is post attacks, don't bother.

Hugo Chavez · « **Reply #21 on:** August 21, 2011, 02:38:34 PM »

Quote from: 333386 on August 21, 2011, 02:31:30 PM

Your right hugo. I guess its too much to expect people to understand basic math anymore.

You do this in threads so often it's sick. I'm not just talking about this, anytime you think someone is way off, which is often, you feel like you don't need to explain anything as if everyone just wants to see another thread with 10 posts of you calling someone an idiot.

blacken700 · « **Reply #22 on:** August 21, 2011, 02:42:45 PM »

the problem with the little fag is he has little man syndrome,so he always has to come across as the big guy

Soul Crusher · « **Reply #23 on:** August 21, 2011, 02:43:19 PM »

Social security and medicare have tens of trillions in unfunded liabilities w less people working and more people retiring daily.

Does it make even a scintilla of sense to cut the funding source without also cutting benefits?

A story came out today about ss diability near bankruptcy.

Cutting taxes only makes sense if you also cut benes and costs.

OzmO · « **Reply #24 on:** August 21, 2011, 02:45:05 PM »

Was that so hard?

Now it's on Blacken.