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#1 2007-05-03 9:50 pm
- JakeTheTall
- Cargo Cultist
- From: In Permanent Opposition
- Registered: 2003-03-13
- Posts: 9612
Tax cuts with an existing deficit and looming obligations
I guess at the 1st Republican Presidential debate, they were asked:
Which taxes would you cut on top of preserving the Bush tax cuts?
Romney: Interest, dividend, and capital gains.
Brownback: Alternative flat tax
Gilmore: AMT
Huckabee: Work for the "fair tax." Get rid of the IRS.
Hunter: Exports that are taxed twice. Eliminate manufacturing taxes.
Thompson: AMT
McCain: AMT repeal. Tax credit for health insurance. "Simpler, flatter, fair tax."
Paul: Income tax. Inflation tax.
Giuliani: Adjust the AMT. Get rid of the death tax. Protect Bush tax cuts. "Regularize" the rates and marginal reductions beyond what we already have.
Tancredo: Support the fair tax and repeal of 16th amendment. Deal with structural problem in mandatory spending.
link (warning: Michelle Malkin)
These jokers aren't for real.
President Bush signed a bill to increase entitlements. While also defending his tax cuts.
The Republican Party: for irresponsible deficit spending since 1980. While hypocritically claiming to be the party of fiscal responsibility.
JakeTheTall.outrage++
[edit: fix typo]
Last edited by JakeTheTall (2007-05-03 9:50 pm)
Jesus said to the servants, "Fill the jars with water"; so they filled them to the brim. Then he told them, "Now draw some out and take it to the master of the banquet." They did so, and the master of the banquet tasted the water that had been turned into wine. He did not realize where it had come from, though the servants who had drawn the water knew.
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#2 2007-05-03 9:58 pm
- Farmerkev
- Official Dementor
- Moderator
- Registered: 2003-01-03
- Posts: 18623
Re: Tax cuts with an existing deficit and looming obligations
The AMT does need changed.
Do your part to combat global warming.
Eat a cow.
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#4 2007-05-03 10:03 pm
- after-life
- Member
- Registered: 2003-12-25
- Posts: 2370
Re: Tax cuts with an existing deficit and looming obligations
The AMT needs to be inflation adjusted. The difference needs to be made up by raising other taxes though.
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#5 2007-05-03 10:08 pm
- bratboy
- laden with emotion
- Royal Wombat
- From: Austin, Texas
- Registered: 2003-01-19
- Posts: 34106
Re: Tax cuts with an existing deficit and looming obligations
What is the so-called "fair tax," now?
"One thing we've learned is there's a difference between being disappointed and having madmen in authority."
--Paul Krugman
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#6 2007-05-03 10:09 pm
- after-life
- Member
- Registered: 2003-12-25
- Posts: 2370
Re: Tax cuts with an existing deficit and looming obligations
bratboy wrote:
What is the so-called "fair tax," now?
National sales tax with a rebate to make it slightly less regressive.
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#7 2007-05-03 10:12 pm
- Pariah
- James Carville Fan..
- From: Belly Of The Beast, Oklahoma!
- Registered: 2001-05-24
- Posts: 18417
Re: Tax cuts with an existing deficit and looming obligations
They call it a philosophy but it's just buying votes.
Cut taxes, increase spending and who the smurf cares about our kids and grandkids....
The apocalypse is just around the corner anyways, right??.
The dems used to buy votes with services but they were never so craven and amoral to pretend no one ever has to pay.
"and it's not surprising that they get bitter, they cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations."
Barack Obama
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#8 2007-05-03 10:17 pm
- Farmerkev
- Official Dementor
- Moderator
- Registered: 2003-01-03
- Posts: 18623
Re: Tax cuts with an existing deficit and looming obligations
Pariah wrote:
They call it a philosophy but it's just buying votes.
Cut taxes, increase spending and who the smurf cares about our kids and grandkids....
The apocalypse is just around the corner anyways, right??.
The dems used to buy votes with services but they were never so craven and amoral to pretend no one ever has to pay.
Nope, they are always upfront about wanting to tax the "rich".
Do your part to combat global warming.
Eat a cow.
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#9 2007-05-03 10:19 pm
- ShnickyShnack
- ::: title edited due to Satanic influences :::
- From: Rockin' out
- Registered: 2001-05-25
- Posts: 22237
Re: Tax cuts with an existing deficit and looming obligations
after-life wrote:
bratboy wrote:
What is the so-called "fair tax," now?
National sales tax with a rebate to make it slightly less regressive.
We have that in Canada. It's not popular and I can't see any American politician being able to sell it.
Note: please delete this post.
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#10 2007-05-03 10:24 pm
- Pariah
- James Carville Fan..
- From: Belly Of The Beast, Oklahoma!
- Registered: 2001-05-24
- Posts: 18417
Re: Tax cuts with an existing deficit and looming obligations
Farmerkev wrote:
Pariah wrote:
They call it a philosophy but it's just buying votes.
Cut taxes, increase spending and who the smurf cares about our kids and grandkids....
The apocalypse is just around the corner anyways, right??.
The dems used to buy votes with services but they were never so craven and amoral to pretend no one ever has to pay.Nope, they are always upfront about wanting to tax the "rich".
That's right and that is a debatable position. The republicans on the other hand are selling the idea that everything is free and no one ever has to pay for anything in government.
It's all free folks...if you vote for us.
"and it's not surprising that they get bitter, they cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations."
Barack Obama
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#11 2007-05-03 10:25 pm
- bratboy
- laden with emotion
- Royal Wombat
- From: Austin, Texas
- Registered: 2003-01-19
- Posts: 34106
Re: Tax cuts with an existing deficit and looming obligations
after-life wrote:
bratboy wrote:
What is the so-called "fair tax," now?
National sales tax with a rebate to make it slightly less regressive.
Ah yes....that's what I thought it referred to.
It's a terrible idea, and I doubt it will ever happen.
"One thing we've learned is there's a difference between being disappointed and having madmen in authority."
--Paul Krugman
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#12 2007-05-03 10:26 pm
Re: Tax cuts with an existing deficit and looming obligations
ShnickyShnack wrote:
after-life wrote:
bratboy wrote:
What is the so-called "fair tax," now?
National sales tax with a rebate to make it slightly less regressive.
We have that in Canada. It's not popular and I can't see any American politician being able to sell it.
But it would get rid of the income tax. And the argument made by the crazies is that prices would only go up 10% or so.
It's a paradox of how sharply dull I am.
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#13 2007-05-03 10:39 pm
- ShnickyShnack
- ::: title edited due to Satanic influences :::
- From: Rockin' out
- Registered: 2001-05-25
- Posts: 22237
Re: Tax cuts with an existing deficit and looming obligations
kb5zhh wrote:
ShnickyShnack wrote:
after-life wrote:
National sales tax with a rebate to make it slightly less regressive.We have that in Canada. It's not popular and I can't see any American politician being able to sell it.
But it would get rid of the income tax. And the argument made by the crazies is that prices would only go up 10% or so.
Whoah ... you mean a sales tax in place of income tax? That's nuts!
Note: please delete this post.
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#14 2007-05-03 10:41 pm
Re: Tax cuts with an existing deficit and looming obligations
ShnickyShnack wrote:
kb5zhh wrote:
ShnickyShnack wrote:
We have that in Canada. It's not popular and I can't see any American politician being able to sell it.But it would get rid of the income tax. And the argument made by the crazies is that prices would only go up 10% or so.
Whoah ... you mean a sales tax in place of income tax? That's nuts!
Nuts? Look at how many republican candidates support that. That's what's nuts.
It's a paradox of how sharply dull I am.
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#15 2007-05-03 10:46 pm
- ShnickyShnack
- ::: title edited due to Satanic influences :::
- From: Rockin' out
- Registered: 2001-05-25
- Posts: 22237
Re: Tax cuts with an existing deficit and looming obligations
kb5zhh wrote:
ShnickyShnack wrote:
kb5zhh wrote:
But it would get rid of the income tax. And the argument made by the crazies is that prices would only go up 10% or so.Whoah ... you mean a sales tax in place of income tax? That's nuts!
Nuts? Look at how many republican candidates support that. That's what's nuts.
Nuts supporting a nutty idea? That's not nuts, that's normal.
Not that I believe for one minute that they actually support it, of course. It's just something they pay lip service to, like all Republican ideals.
Note: please delete this post.
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#16 2007-05-04 2:46 am
Re: Tax cuts with an existing deficit and looming obligations
ShnickyShnack wrote:
kb5zhh wrote:
ShnickyShnack wrote:
Whoah ... you mean a sales tax in place of income tax? That's nuts!Nuts? Look at how many republican candidates support that. That's what's nuts.
Nuts supporting a nutty idea? That's not nuts, that's normal.
Not that I believe for one minute that they actually support it, of course. It's just something they pay lip service to, like all Republican ideals.
It became a noticeable issue because of Mike Gravel's YouTube Video.
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#17 2007-05-04 6:12 am
Re: Tax cuts with an existing deficit and looming obligations
kb5zhh wrote:
ShnickyShnack wrote:
after-life wrote:
National sales tax with a rebate to make it slightly less regressive.We have that in Canada. It's not popular and I can't see any American politician being able to sell it.
But it would get rid of the income tax. And the argument made by the crazies is that prices would only go up 10% or so.
No thats actually not the argument.
Just like back in Saigon! Eh, slick?
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#18 2007-05-04 8:53 am
Re: Tax cuts with an existing deficit and looming obligations
Steyr AUG wrote:
kb5zhh wrote:
ShnickyShnack wrote:
We have that in Canada. It's not popular and I can't see any American politician being able to sell it.But it would get rid of the income tax. And the argument made by the crazies is that prices would only go up 10% or so.
No thats actually not the argument.
You're right, its 33% increase.
It's a paradox of how sharply dull I am.
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#19 2007-05-04 10:15 am
Re: Tax cuts with an existing deficit and looming obligations
kb5zhh wrote:
Steyr AUG wrote:
kb5zhh wrote:
But it would get rid of the income tax. And the argument made by the crazies is that prices would only go up 10% or so.No thats actually not the argument.
You're right, its 33% increase.
Try another random number.
Just like back in Saigon! Eh, slick?
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#20 2007-05-04 10:19 am
- ShnickyShnack
- ::: title edited due to Satanic influences :::
- From: Rockin' out
- Registered: 2001-05-25
- Posts: 22237
Re: Tax cuts with an existing deficit and looming obligations
Eleventy bajillion!
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#21 2007-05-04 10:31 am
- sturner
- Royal High Poobah
- Moderator
- From: Carrollton, TX USA
- Registered: 2000-01-31
- Posts: 13800
Re: Tax cuts with an existing deficit and looming obligations
Loaves of bread for $5.00. Lovely.
I'm not dead yet.
There are 3 types of people, those who can count and those who can't.
"There are few things graven in stone, excepting your date of death."
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#23 2007-05-04 10:45 am
- sturner
- Royal High Poobah
- Moderator
- From: Carrollton, TX USA
- Registered: 2000-01-31
- Posts: 13800
Re: Tax cuts with an existing deficit and looming obligations
I hate the sawdust and sweepings that they use. And there is always the distribution problems.
I'm not dead yet.
There are 3 types of people, those who can count and those who can't.
"There are few things graven in stone, excepting your date of death."
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#24 2007-05-04 10:46 am
- bratboy
- laden with emotion
- Royal Wombat
- From: Austin, Texas
- Registered: 2003-01-19
- Posts: 34106
Re: Tax cuts with an existing deficit and looming obligations
Steyr AUG wrote:
Why not have the government just issue everyone a loaf of bread.
Right, because that's the alternative to the FAIR (
) tax.
Some estimates put the percentage near 50% or more, once all the numerous exemptions that are likely are made are figured in.
Without a massive cut in spending, such a tax would only place a much higher burden on the lower and middle classes.
"One thing we've learned is there's a difference between being disappointed and having madmen in authority."
--Paul Krugman
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#25 2007-05-04 10:46 am
Re: Tax cuts with an existing deficit and looming obligations
Steyr AUG wrote:
kb5zhh wrote:
Steyr AUG wrote:
No thats actually not the argument.You're right, its 33% increase.
Try another random number.
Well, its actually a bit closer to 30% but at the time I was too lazy to calculate it specifically.
It's a paradox of how sharply dull I am.
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