Originally Posted By andyll "Shortly after multiple networks projected that Republicans would retain control of the House, Speaker John Boehner took to the stage with a message that looked ahead to the battle over the fiscal cliff - the GOP isn't budging on taxes." Boehner has a problem... anyone care to tell him what it is?
Originally Posted By fkurucz What Obama needs to do is allow the Bush tax cuts to expire. Once that happens then propose tax cuts, but only for the middle class. If the GOP opposes that, they will be exposed for not caring about the middle class or the economy.
Originally Posted By EdisYoda And Fox continues to spew it's unfair and unbalanced reporting. "It's about popularity" "It's not about the economy" "Businesses are going to shut down and close up shop because Obama got elected" I'm not sure the Republican part CAN change at this point. Sadly.
Originally Posted By SuperDry <<< Once that happens then propose tax cuts, but only for the middle class. If the GOP opposes that, they will be exposed for not caring about the middle class or the economy. >>> That will also allow GOP Congressmen to vote for it without breaking the Norquist pledge.
Originally Posted By TomSawyer I hear that Mitch McConnell and Paul Ryan have vowed to make Obama a two-term president.
Originally Posted By andyll <<I'm in favor of the fair tax system.>> The fair tax doesn't seem very fair when it raises taxes for the middle class and lowers them for the rich. It really seems simple to me. 1) Don't raise the upper bracket. Create a new one at 1-5 million and make it a 40%+ rate. ( that will protect small business owners ) 2) I wouldn't be opposed to another lower bracket at the low end to get everyone paying something... even if it is just a percent or two. 3) Get rid of any fully refundable tax credit... especially any that reward people for having kids. 4) Cap the deductions. 50,000 if you include insurance premiums. 5) Allow those who buy health insurance on the exchange to do so pre-tax. 6) Increase cap gains/div rates to 20% and slowly raise them to regular income. 7) Drastically cut Corp Tax rates for income created in the USA. Leave rates high for foriegn income.
Originally Posted By DDMAN26 Ryan did get reelected. He's pretty popular in Janesville. Unless he gets another go at the big job, my guess is he'll be there for sometime.
Originally Posted By DDMAN26 I don't know this seems pretty ideal to me. <a href="http://www.fairtax.org/site/PageServer?pagename=HowFairTaxWorks" target="_blank">http://www.fairtax.org/site/Pa...TaxWorks</a>
Originally Posted By SuperDry Regardless of its merits, the Fair Tax will never happen, because it upsets too many established constituencies. So we might as well talk about something that can actually be accomplished.
