Obama wants to raise taxes on the American people once again

[billyerock1991]

Obama is not suggesting a raise in taxes

It is revenue neutral

It is not revenue neutral for the people having to pay the additional taxes, you moron.

If he really thinks the middle class needs a tax break then he should fund it with spending cuts and not stealing it from somebody else.

If he was so concerned about the middle class he sure as hell has not shown it in the last six years. Real income for the middle class has decreased since Obama has been President. Obamacare was a tremendous hit on the middle class and the children of the middle class are going to be burdened with Obama's tremendous debt for the at least two more generations.

No shit sherlock

The Reagan and Bush tax cuts were not revenue neutral either

The Reagan and Bush tax cuts saved this country. How much is that worth?

GOOD luck on proving that !!!!

 

[billyerock1991]

IRS Seizing Bank Accounts of Innocent Americans
Sunday, 26 Oct 2014 09:52 AM

By John Blosser

The Internal Revenue Service has been seizing money from the bank accounts of individuals and businesses with no proof of any crimes nor any charges filed.

Now, the IRS claims that it will stop — but will it?

Using a law, the Civil Asset Forfeiture Reform Act of 2000, that allows the feds to seize money from suspected gangsters, drug dealers and terrorists, the IRS has put innocent people into bankruptcy and massive debt and taken the money a military father saved from his paychecks to put his kids through college, solely by tracking the amounts that people put into their bank accounts.

When no criminal activity is charged, The New York Times reports, the IRS often negotiates to return only part of the seized money, leaving impoverished citizens with little option but to either accept the IRS' offer or continue a lengthy and very expensive legal battle to try to get their legitimately earned money back.

The problem has been growing. The Institute for Justice estimates that from just 114 seizures in 2005, the IRS made 639 seizures in 2012, and in only 20 percent of the cases were any criminal charges ever pursued.

Under the Bank Secrecy Act, banks report transactions larger than $10,000 to federal authorities, but also report a pattern of regular, smaller deposits which appear designed to get around the act. This alone can be enough to trigger a seizure, the Times reports, and banks filed over 700,000 "suspicious" reports last year.
News Update

One involved a 27-year-old Long Island candy and cigarette distribution company, Bi-County Distributors, which made daily cash deposits, usually under $10,000. When the IRS seized $447,000 from the company, it refused to return it, despite the fact that there was no crime to prosecute, and instead offered a partial settlement.

The company is now $300,000 in debt and attorney Joseph Potashnik told the Times, "I don’t think they’re (the IRS) really interested in anything. They just want the money."

Army Sgt. Jeff Cortazzo was saving up for his daughters' college education when the IRS seized $66,000 of his money – it cost him $21,000 to get the remainder back.

IRS Seizing Bank Accounts of Innocent Americans​

posting more Newmax or wirlynutdayly??? figures

 

[Dad2three]

Obama is not suggesting a raise in taxes

It is revenue neutral

It is not revenue neutral for the people having to pay the additional taxes, you moron.

If he really thinks the middle class needs a tax break then he should fund it with spending cuts and not stealing it from somebody else.

If he was so concerned about the middle class he sure as hell has not shown it in the last six years. Real income for the middle class has decreased since Obama has been President. Obamacare was a tremendous hit on the middle class and the children of the middle class are going to be burdened with Obama's tremendous debt for the at least two more generations.

No shit sherlock

The Reagan and Bush tax cuts were not revenue neutral either

actually they were revenue positive, thats why obozo kept them in place.

-$18 Trillion revenue positive

thats funny, 8 trillion of that belongs to obama, 10 trillion belongs to all the previous presidents combined.

govt revenue increased after the bush tax cuts, the problem was that the govt increased spending by more than the increased revenue.

"govt revenue increased after the bush tax cuts, the problem was that the govt increased spending by more than the increased revenue."


Bush CEA Chair Mankiw: Claim That Broad-Based Income Tax Cuts Increase Revenue Is Not "Credible," Capital Income Tax Cuts Also Don't Pay For Themselves

Bush-Appointed Federal Reserve Chair Bernanke: "I Don't Think That As A General Rule Tax Cuts Pay For Themselves."


Bush Treasury Secretary Paulson: "As A General Rule, I Don't Believe That Tax Cuts Pay For Themselves."

Bush OMB Director Nussle: "Some Say That [The Tax Cut] Was A Total Loss. Some Say They Totally Pay For Themselves. It's Neither Extreme."


Bush CEA Chairman Lazear: "As A General Rule, We Do Not Think Tax Cuts Pay For Themselves."


Bush Economic Adviser Viard: "Federal Revenue Is Lower Today Than It Would Have Been Without The Tax Cuts."


Bush Treasury Official Carroll: "We Do Not Think Tax Cuts Pay For Themselves."


Reagan Chief Economist Feldstein: "It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."

Feldstein In 1986: "Hyperbole" That Reagan Tax Cut "Would Actually Increase Tax Revenue."

Conservative Economist Holtz-Eakin: "No Serious Research Evidence" Suggests Tax Cuts Pay For Themselves."

Tax Foundation's Prante: "A Stretch" To Claim "Cutting Capital Gains Taxes Raises Tax Revenues."


CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2001-2010)

 

[Dad2three]

Obama is not suggesting a raise in taxes

It is revenue neutral

It is not revenue neutral for the people having to pay the additional taxes, you moron.

If he really thinks the middle class needs a tax break then he should fund it with spending cuts and not stealing it from somebody else.

If he was so concerned about the middle class he sure as hell has not shown it in the last six years. Real income for the middle class has decreased since Obama has been President. Obamacare was a tremendous hit on the middle class and the children of the middle class are going to be burdened with Obama's tremendous debt for the at least two more generations.

No shit sherlock

The Reagan and Bush tax cuts were not revenue neutral either

The Reagan and Bush tax cuts saved this country. How much is that worth?

If you mean gutted revenues WHILE the grew Gov't spending. Yes

 

[Redfish]

It is not revenue neutral for the people having to pay the additional taxes, you moron.

If he really thinks the middle class needs a tax break then he should fund it with spending cuts and not stealing it from somebody else.

If he was so concerned about the middle class he sure as hell has not shown it in the last six years. Real income for the middle class has decreased since Obama has been President. Obamacare was a tremendous hit on the middle class and the children of the middle class are going to be burdened with Obama's tremendous debt for the at least two more generations.

No shit sherlock

The Reagan and Bush tax cuts were not revenue neutral either

actually they were revenue positive, thats why obozo kept them in place.

-$18 Trillion revenue positive

thats funny, 8 trillion of that belongs to obama, 10 trillion belongs to all the previous presidents combined.

govt revenue increased after the bush tax cuts, the problem was that the govt increased spending by more than the increased revenue.

"govt revenue increased after the bush tax cuts, the problem was that the govt increased spending by more than the increased revenue."


Bush CEA Chair Mankiw: Claim That Broad-Based Income Tax Cuts Increase Revenue Is Not "Credible," Capital Income Tax Cuts Also Don't Pay For Themselves

Bush-Appointed Federal Reserve Chair Bernanke: "I Don't Think That As A General Rule Tax Cuts Pay For Themselves."


Bush Treasury Secretary Paulson: "As A General Rule, I Don't Believe That Tax Cuts Pay For Themselves."

Bush OMB Director Nussle: "Some Say That [The Tax Cut] Was A Total Loss. Some Say They Totally Pay For Themselves. It's Neither Extreme."


Bush CEA Chairman Lazear: "As A General Rule, We Do Not Think Tax Cuts Pay For Themselves."


Bush Economic Adviser Viard: "Federal Revenue Is Lower Today Than It Would Have Been Without The Tax Cuts."


Bush Treasury Official Carroll: "We Do Not Think Tax Cuts Pay For Themselves."


Reagan Chief Economist Feldstein: "It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."

Feldstein In 1986: "Hyperbole" That Reagan Tax Cut "Would Actually Increase Tax Revenue."

Conservative Economist Holtz-Eakin: "No Serious Research Evidence" Suggests Tax Cuts Pay For Themselves."

Tax Foundation's Prante: "A Stretch" To Claim "Cutting Capital Gains Taxes Raises Tax Revenues."


CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2001-2010)

those are opinions, and opinions are like assholes, everyone has one.

the facts are that revenue increased during those years, but our incompetent govenment increased spending by more than the increased revenue.

 

[zeke]

those are opinions, and opinions are like assholes, everyone has one.

Those aren't just opinions. They are educated explanations from professionals in the economic field.

Do you really think the opinion from someone called redfish on a message board is the equal to a Treasury Sec or Federal Reserve Chairman? Really?

That's funny as shit. And I got to tell you, you think way to highly of your opinion. That's for sure.

 

[Jarhead]

those are opinions, and opinions are like assholes, everyone has one.

Those aren't just opinions. They are educated explanations from professionals in the economic field.

Do you really think the opinion from someone called redfish on a message board is the equal to a Treasury Sec or Federal Reserve Chairman? Really?

That's funny as shit. And I got to tell you, you think way to highly of your opinion. That's for sure.

Actually, educated explanations are still opinions and are usually based on the ideology of the person as it is their interpretation of their findings.....unless you feel that when two supreme court judges vote differently it is because one of them is an idiot and unable to interpret an educated finding?

 

[Redfish]

those are opinions, and opinions are like assholes, everyone has one.

Those aren't just opinions. They are educated explanations from professionals in the economic field.

Do you really think the opinion from someone called redfish on a message board is the equal to a Treasury Sec or Federal Reserve Chairman? Really?

That's funny as shit. And I got to tell you, you think way to highly of your opinion. That's for sure.

Actually, educated explanations are still opinions and are usually based on the ideology of the person as it is their interpretation of their findings.....unless you feel that when two supreme court judges vote differently it is because one of them is an idiot and unable to interpret an educated finding?

government revenue can be established by facts, not opinions. The facts show that total govt revenue incresased after the bush tax cuts. That is why obama kept them in place, even he understood that.