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Senate-Passed Deal Means Higher Tax on 77% of Households

bloomberg.com

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Re: Senate-Passed Deal Means Higher Tax on 77% of Households

#4
post #2

Endlessly frustrating that there is such vindictive zeal on the right for pushing the faces of the poor into the dirt.

Endlessly frustrating that there is such vindictive zeal on the left for pushing the face of the economy into the dirt by refusing to cut spending.

Re: Senate-Passed Deal Means Higher Tax on 77% of Households

#5
post #2

Endlessly frustrating that there is such vindictive zeal on the right for pushing the faces of the poor into the dirt.

Endlessly frustrating that there is such vindictive zeal on the left for pushing the face of the economy into the dirt by refusing to cut spending.

If only the right could control the presidency and both houses of congress we'd finally see spending get under control right?

Re: Senate-Passed Deal Means Higher Tax on 77% of Households

#6
post #2

Endlessly frustrating that there is such vindictive zeal on the right for pushing the faces of the poor into the dirt.

Endlessly frustrating that there is such vindictive zeal on the left for pushing the face of the economy into the dirt by refusing to cut spending.

What do we cut spending on? There's never any cost-benefit analysis of what we stand to gain by cutting what's left to cut.

It's frustrating, because the right wants a nice, happy round number to match their nice happy round-number of a tax rate they also think they should have to match the nice happy round-number of what's too big for a deficit.

Meanwhile, there's a society that, by definition of "government" is going to be impacted by what government does or doesn't do---regardless of whatever Randian fantasies one may have.

Re: Senate-Passed Deal Means Higher Tax on 77% of Households

#7
post #5

Earlier quoted context omitted.

Endlessly frustrating that there is such vindictive zeal on the left for pushing the face of the economy into the dirt by refusing to cut spending.

If only the right could control the presidency and both houses of congress we'd finally see spending get under control right?

If all the right were Ron Paul drones :)

Re: Senate-Passed Deal Means Higher Tax on 77% of Households

#8
Let's be clear here. The deal means the bush era tax cuts remain for most people (a 3 percentage point reduction for most brackets), while we lose a temporary payroll tax for 2%: http://www.bloomberg.com/news/2012-11-28/breaking-down-the-c...

If I understand correctly, that means taxes should still be about 1% lower than they were during Clinton.

I love how every time a temporary tax cut expires, we call it a "tax hike." I don't see how we can ever fix the debt if no one is willing to pay more taxes and no one is willing to lose benefits.

Re: Senate-Passed Deal Means Higher Tax on 77% of Households

#9
post #2

Endlessly frustrating that there is such vindictive zeal on the right for pushing the faces of the poor into the dirt.

Endlessly frustrating that there is such vindictive zeal on the left for pushing the face of the economy into the dirt by refusing to cut spending.

For those reading this outside of the USA, this grandparent and parent poster are why this country suffers from backbiting and lack of any sort of progressive reform, like basic health. This view exists from the very bottom to the very top of the socio-economic ladder.

Being a citizen of Indiana, I am embarrassed to have such people at the helm in this country. It is all [pro-democrat, hate republican] or [pro-republican, hate democrat] with no room for even discussion of what works or not. It's all platform based demagoguery.

Re: Senate-Passed Deal Means Higher Tax on 77% of Households

#10
The article makes it sound like the bill explicitly raises taxes on 77% of households. This would be false. The bill simply does not extend the temporary tax holiday that was signed into law at the end of 2010. The payroll tax rate goes back to the rate we've had since 1990.
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