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(Nolin River Lake Specific)
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| Name: |
water_watcher
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| Subject: |
$1 trillion in NEW TAXES
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Date:
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2/2/2010 6:14:29 AM
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Obamas budget proposes $1 trillion in new taxes. Oh yes that will be good for the economy.
From MSNBC
WASHINGTON - While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.
The budget proposal released Monday would extend Obama's Making Work Pay tax credit — $400 for individuals, $800 for a couple filing jointly — through 2011. But it would also impose nearly $1 trillion in higher taxes on couples making more than $250,000 and individuals making more than $200,000.
Obama revived numerous proposals for business tax increases that didn't fare well in Congress last year, including a scaled-down plan to increase taxes on U.S. companies with major overseas operations, and plans to increase taxes on oil and gas companies.
Comment for liberals
Now who do you think will pay for the business tax increases and more taxes on oil and gas? Of course all americans will pay so everyone gets hit with the tax increases. Who do you think that impacts the most? Yes, the lowest income people.
So when Obama says he is only raising taxes on people making over 200,000 (which is not a lot) and on businesses, he is lieing since higher taxes on businesses mean higher prices and inflation. Higher taxes on people making over $200,000 just means less consumption, savings and investment that provide liquidity in the financial system for others to borrow.
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| Name: |
MAJ USA RET
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| Subject: |
$1 trillion in NEW TAXES
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Date:
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2/2/2010 9:38:49 AM
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Increasing taxes has NEVER improved economies. That's right, there is NO historical evidence that TAX and SPEND improves economies. The money goes into government and that which trickles out… ends up in entitlements. The industrious, the hard worker, the entrepreneur… they get PUNISHED.
The POTUS pretender is going to appease my indignation over the loss of employment of my professional friends… with a $250 gift to my social security. That is condescending. That is how stupid he thinks we are. He offers token rewards for grandparents while demolishing the future of their grandkids.
A $3,000 tax credit for hiring one person is what percentage of the cost of that employee? (less than 10% of the first year overhead on a $50K employee) It WILL NOT cover the cost of training the employee and will be eaten up in filing for the credit! There is NO precedent for hiring employees based on a one time, clause ridden, tax crediti. Does he thing that small businessmen and women are stupid?
The way out of this mess is to STOP screwing around with healthcare.
STOP stimulus packages
STOP saving failing banks and investment firms.
STOP requiring banks to issue subprime mortgages to unqualified applicants.
ELIMINATE any and all government ownership, shares, participation in private industry.
Clearly LIMIT entitlements… especially unemployment.
Initiate the FAIR TAX.
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| Name: |
MartiniMan
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| Subject: |
$1 trillion in NEW TAXES
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Date:
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2/2/2010 11:46:58 AM
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The vast majority of those with income over $200K/$250K are small business owners who are s-corporations or LLC's taxed as a partnership. These are the very same businesses that are critical to lowering unemployment and making the economy grow. Increasing taxes on them will doom our economy to European-like unemployment of 10% forever.
And don't even bother to tell me about the new employee tax credit. I can assure you I will not hire one new employee just to get a lousy tax credit if I am going to lose money on that employee. I just can't afford it after 2009.
Speaking of lying, it looks like they are indeed going to let the Bush tax cuts expire at the end of 2010. That means a tax increase for every single taxpayer in the country because every single rate will go up. So much for the lie that no one making less than $250,000 will pay a single dime more in taxes. What a liar......
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| Name: |
lotowner
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| Subject: |
$1 trillion in NEW TAXES
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Date:
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2/2/2010 11:52:27 AM
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The only times our President lies is when his lips are moving.
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| Name: |
widgethater
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| Subject: |
$1 trillion in NEW TAXES
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Date:
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2/2/2010 2:47:58 PM
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lotowner--I think this trait can be attributed to all politicians
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| Name: |
water_watcher
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| Subject: |
Another bad Obama proposal
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Date:
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2/2/2010 5:07:02 PM
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:)
I heard on CNBC as the market was moving higher, someone said that is because Obama is not giving any speeches and new proposals to scare investors.
BTW, his latest proposal for Community Banks is not welcomed by Community Bankers or small businesses.
The Bankers said they do not need more liquidity to lend, the loan still needs to qualify (unless of course you want to follow democrat rules to give a loan to anyone) and they are making loans and do not need or want the government help.
A group of small business owners were interviewed and they said that access to credit is the least of their worries ... they need Obama focused on reducing taxes and stop creating uncertainty with all these new government programs that prevents them from investing since they can not predict or estimate the future.
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