Alan Simpson Calls GOP Refusal To Raise Revenue ‘Absolute Bullshit’

[Jarhead]

Or maybe it is a CON$ervative bullshit half-truth/whole-lie to consider the corporate tax rate without the exclusions and deductions!!!! Maybe we should cut them first and see if we collect more revenue.

Exactly how do you think a family making 100K who 5 years ago bought a home based on the write off of interest on their mortagge are going to feel when all of a sudden they no longer have that write off...and their taxable income goes up by another 15K a year?

AHHHH!!! The typical CON$ervative dumb act with deflection.

Since when does the average family incorporate?????????
What a moron!!!

yep...missed the word coporate and that makes me a moron.

Got it.

 

[AmericanFirst]

Bottom line, Democrats have to be willing to shrink government and cut programs. Just raising taxes will not solve any of our problems. I will blame the Democrats if we default on our debt.

Bottom line: Democrats are willing to make cuts and raise revenues. We can't cut our way out. But Republicans are only willing to CUT.

Dimwits nare not willing to cut, they only want to spend. Idiots.

 

[AmericanFirst]

Fmr. GOP Sen. Alan Simpson Calls Republican Refusal To Raise Revenue ‘Absolute Bullshit’

Former GOP Sen. Alan Simpson blasted his intransigent GOP colleagues on the Hill today for failing to reach a deal on the deficit. The blunt-talking co-chairman of President Obama’s bipartisan fiscal reform commission slammed Republicans for kowtowing to Americans for Tax Reform head Grover Norquist (“Republicans can’t be in thrall to him”) and pushed Treasury Secretary Tim Geithner to stand fast on the August 2 deadline.

Surveying the lay of the current fiscal land, Simpson said, “We’re at 15 percent revenue, and historically it’s been closer to 20 percent.”

He added, “We’ve never had a war without a tax, and now we’ve got two. … Absolute bullshit.”

More

Good for Simpson. He's absolutely right. Saying that taxes cannot go up under any circumstances says the GOP aren't serious about the deficit.

Like obamaturd and the dimwits, HE IS WRONG!!! You can not raise taxes in this economy. Obamaturd and the dimwits just need to stop the stupid spending like the stupid healthcare law, not needed and too costly.

 

[grunt11b]

Republicans need to stand firm on not raising any taxes, if they raise taxes Obama will use that against them in 2012, he will tell the masses "Look, I didn't raise your taxes but the Republicans did!". They are gaining support right now by holding strong, they need to keep it up. Do not reach across the isle on a shitty deal, hold strong to conservative principles.
I agree with Mark Levin, let the debt ceiling crash on August 2nd and then restructure from there. You either go into default now, or you go into default later, I would rather default now instead of adding even more debt and default later.
Hard choices have to be made right now for the future of our countries sake and the future of our liberty as a free people, and they will be painful choices but they are the right ones to make, people need to learn that it will be hard, and they will just have to rely on themselves more and not the government like they should have been doing all along.

 

[auditor0007]

Alan Simpson is old and addled. Raising taxes lowers tax revenue because people stop doing activities that generate tax revenue. (Except gambling,alcohol, and cigarettes)

That is the biggest cockamamie lie going today. People who own and run businesses, major corporations, anyone at all interested in making money will not stop because they get taxed a few more dollars. The top tax rate could be 70%, and people would still try to make money by starting businesses.

Making the rates higher and allowing deductions for investment in capital would be more successful at getting companies to expand then just letting them sit on their money like they are now. Does that mean that we should make the top rate 70%? Probably not. It's not about soaking the rich, it's about bringing revenues to an historically reasonable level, which we are far below currently.

And do not make the dumbfounded mistake of thinking this means that I believe raising taxes is the whole answer. We need to cut spending as much as we need to raise revenue.

Increasing taxes reduces revenue. Period. Seeing taxes on the rise tells people they must hang on to more of their money to pay taxes. That is money not being spent or invested. Hence it does not enter the economy.
Your idea that even at 70% new businesses would open and existing business would expand is pure bupkis. No sane person would want to start or expand a business for 30 cents on a dollar.

Then how in the hell do you explain all the businesses that were started between 1950 to 1980, when the highest tax rates were 70% or higher? Please explain. But the truth is the tax rates don't mean squat. What matters is the actual percentage of taxes collected. The top tax rate for individuals is 35%, yet the super wealthy only paid on average 17% last year. Honestly, we don't need to change any tax rates; we might even be able to reduce them some, but we need to get rid of all the loopholes that allow people and companies to get away paying much less than they should.

 

[Stephanie]

Frank, you folks are never going to be allow to break the economy again, never to corrupt the culture again. We are not going back to the fifties.

If we follow the Progressives like you and this administration off the cliff, we'll become a BANANA REPUBLIX.

good damn thing MOST in this country aren't like you silly PROGRESSIVES

 

[auditor0007]

Can't say it enough:

1. The Federal Government is NOT the US economy

2. A growing US economy and NOT tax increases is what raises revenues to the Federal Government.

Make a 3X5 of those 2 statements. Learn them!

Between 2000 and 2010, the economy grew from $9.8 trillion to $14.6 trillion. In that same period, tax revenue grew from $2 trillion to $2.1 trillion. So with a 49% growth rate, we achieved a 5% growth rate in tax revenue. And your answer is to cut taxes more? So we can collect even less?

 

[Uncensored2008]

The wealthiest will contribute their fair share, period. Make no mistake that the American public greatly regrets its votes for the House last fall and flatly does not trust the conservative far right to govern.

Right...

Obama and Nancy Pelosi are going to pay big time - and bubba ain't going to cum in your mouth......

 

[auditor0007]

Can't say it enough:

1. The Federal Government is NOT the US economy

2. A growing US economy and NOT tax increases is what raises revenues to the Federal Government.

Make a 3X5 of those 2 statements. Learn them!

3. Money does not belong the the Imperial FED but to those that create wealth. Government creates nothing and robs wealth.

Please explain who is currently creating wealth? Other than the super rich getting richer, everyone else is taking it in the shorts.

 

[Uncensored2008]

Frank, you folks are never going to be allow to break the economy again, never to corrupt the culture again. We are not going back to the fifties.

You fascists planning a coup, are you?

 

[auditor0007]

It seems just about every economist agrees with Simpson.
If people loved their country, instead of just thinking about themselves, we'd slash spending AND raise taxes. Otherwise, people aren't serious about lowering the debt. It's that plain and simple.
Everyone should sacrifice, not just the middle class and the poor.

Are the middle class and poor being targeted for tax hikes, too? That would be sharing the "sacrifice".

No...the middle class are being targeted for massive cuts that will affect them deeply. That's their sacrifice. That's a hell of ante from people who can least afford it. What are the wealthy willing to ante up?

Oh... that's right... nothing.

That's because they are so busy putting their money to work creating all these new jobs. Oh yea, I forgot that unemployment is over 9%. Guess that idea isn't working so well.

 

[Steelplate]

Are the middle class and poor being targeted for tax hikes, too? That would be sharing the "sacrifice".

No...the middle class are being targeted for massive cuts that will affect them deeply. That's their sacrifice. That's a hell of ante from people who can least afford it. What are the wealthy willing to ante up?

Oh... that's right... nothing.

That's because they are so busy putting their money to work creating all these new jobs. Oh yea, I forgot that unemployment is over 9%. Guess that idea isn't working so well.

Yeah... No shit...

 

[auditor0007]

1T over a ten year period with planned yearly deficits of over 1T. Thats the problem with you liberal morons... you don't understand math.

The federal government is currently spending approximately 25% of GDP. Historically it has only been around 20% of GDP. At the same time, we are collecting revenue of approximately 15% of GDP, when the historical average (last 60 years) has been 18.5%. On the revenue side, revenue must be increased to at least the 18.5% plus any amount to cover the unfunded wars. That puts us at around 20%. That still leaves us short by 5% which must come off through spending cuts. Bottom line is that we need to cut spending by as much as we raise revenue and they must both be enough to get us close to a balanced budget.

Unfortunately, this is not the end of the story. Due to the number of soon to be retirees, we also must either cut SS and Medicare spending or increase revenue by an additional two to three percent. As with the rest of the budget, I imagine that eventually this too will be handled by a combination of tax increases and cuts in benefits.

historically since when? This lame assed talking point has been shot to hell before, there were times the government spent less than 10% of GDP and times when it's spent near 25%, there is no historical fucking average we should be at. Raising taxes will not in the long term raise revenue, it's a short term solution which accomplishes nothing as the drag on the economy over time from higher taxes will end up costing the government more money in the long term than they get in short term benefits from the increase. No, you fucking socialist fucks cannot have any more of my money.

Since you believe that the only way to raise tax revenue is by reducing taxes, why don't we just stop taxing everyone completely. If we tax at a rate of 0%, that should really increase revenues a great deal. Ah shit, there is one problem with that. Basic math says that multiplying zero by anything gives you back fucking zilch, and that is about where we are at right now.

 

[Jarhead]

Are the middle class and poor being targeted for tax hikes, too? That would be sharing the "sacrifice".

No...the middle class are being targeted for massive cuts that will affect them deeply. That's their sacrifice. That's a hell of ante from people who can least afford it. What are the wealthy willing to ante up?

Oh... that's right... nothing.

That's because they are so busy putting their money to work creating all these new jobs. Oh yea, I forgot that unemployment is over 9%. Guess that idea isn't working so well.

So if they dont spend their money the way YOU want them to spend it then you would prefer taking it away from them and spending it for them the way YOU want it spent.

Sounds good.

I wonder how you would react if that happoened to you.

 

[Stephanie]

You gotta love that sweet little name they are now calling RAISING YOUR TAXES folks.

raising REVENUE.

 

[auditor0007]

How-much-more of a "leg-up" do Republicans need, to start....

....inve$ting in the U.S.????

The highest corporate tax rate in the world and that's all we manage to collect?
Maybe we should try cutting the rate in half and see if we can collect more?

Maybe we should remove all the loopholes. Then we could cut the rate and collect more. Tax rates in the US are an absolute joke, because hardly anyone actually pays those rates. Most pay half at most.

 

[auditor0007]

Fmr. GOP Sen. Alan Simpson Calls Republican Refusal To Raise Revenue ‘Absolute Bullshit’

Former GOP Sen. Alan Simpson blasted his intransigent GOP colleagues on the Hill today for failing to reach a deal on the deficit. The blunt-talking co-chairman of President Obama’s bipartisan fiscal reform commission slammed Republicans for kowtowing to Americans for Tax Reform head Grover Norquist (“Republicans can’t be in thrall to him”) and pushed Treasury Secretary Tim Geithner to stand fast on the August 2 deadline.

Surveying the lay of the current fiscal land, Simpson said, “We’re at 15 percent revenue, and historically it’s been closer to 20 percent.”

He added, “We’ve never had a war without a tax, and now we’ve got two. … Absolute bullshit.”

More

Key word, former. If he is blasting the repubs and supporting the dimwits, just means he is a closet socialist.

You people are nuts. Everyone is a "Socialist" if they don't believe in zero taxes. Fucking nuts I say. I can't wait until the majority of Americans wake up to take this country back for everyday Americans.

 

[Steelplate]

No...the middle class are being targeted for massive cuts that will affect them deeply. That's their sacrifice. That's a hell of ante from people who can least afford it. What are the wealthy willing to ante up?

Oh... that's right... nothing.

That's because they are so busy putting their money to work creating all these new jobs. Oh yea, I forgot that unemployment is over 9%. Guess that idea isn't working so well.

So if they dont spend their money the way YOU want them to spend it then you would prefer taking it away from them and spending it for them the way YOU want it spent.

Sounds good.

I wonder how you would react if that happoened to you.

But... but "jobs" is the number one talking point among the Shiite Republicans. So they got their extension on the Bush Cuts... all in the name of jobs. They got what they wanted... and ran away with it... typical bullshit. They whine and scream poverty and then when they get their way, they thumb their noses at the people.

If it were me? I wouldn't do that. If I was going to self aggrandize my self as a JOB CREATOR and ask for government to help me out... I'd create some fucking jobs.

 

[Jarhead]

How-much-more of a "leg-up" do Republicans need, to start....

The highest corporate tax rate in the world and that's all we manage to collect?
Maybe we should try cutting the rate in half and see if we can collect more?

Maybe we should remove all the loopholes. Then we could cut the rate and collect more. Tax rates in the US are an absolute joke, because hardly anyone actually pays those rates. Most pay half at most.

I keep on hearig the term "loopholes" being tossed around.

Please offer me an example of a loophole that currently exists.

Tax Shelters were loop holes and they were eliminated decades ago.

 

[auditor0007]

Republicans need to stand firm on not raising any taxes, if they raise taxes Obama will use that against them in 2012, he will tell the masses "Look, I didn't raise your taxes but the Republicans did!". They are gaining support right now by holding strong, they need to keep it up. Do not reach across the isle on a shitty deal, hold strong to conservative principles.
I agree with Mark Levin, let the debt ceiling crash on August 2nd and then restructure from there. You either go into default now, or you go into default later, I would rather default now instead of adding even more debt and default later.
Hard choices have to be made right now for the future of our countries sake and the future of our liberty as a free people, and they will be painful choices but they are the right ones to make, people need to learn that it will be hard, and they will just have to rely on themselves more and not the government like they should have been doing all along.

There simply is no reason to go into default. The solutions are fairly simple and involve cutting some spending and raising taxes a bit, whether that is today or in the next five years. Let us default, and the potential effects could devastate the economy. If that happens, I would hate to be a Republican, because the net result will lead to a truly socialist state. If we destroy this economy completely, the only place to get revenue will be from the super wealthy, and then the government will take it all.