Politics

[Black Irish]

If we end corporate welfare (Republicans don't like welfare so it shouldn't be an issue right?).

If make Wall Street pay a very tiny tiny transaction tax (After all the rest of America pays sales tax on everything else).

If we make the guy who got his money from capital gains pay just as much as successful small businesses owner who actually worked his or her butt off for their million dollars.

If people stop hiding their money in foreign banks.

If we put things in place that are going to slow the rate of out of control health care cost. There is a good chance I end up working in health care for the rest of my life. If it means a slightly lower salary for me so be it. I'll be okay but for America's sake we got get these cost down. That is what is really driving our deficit. Cutting benefits won't do anything but act as bandage. Even if we make cuts 10 years later if the cost keep going like this the right will we aksing for more cuts.

Sorry I went off a bit on health care. Anyway if we do all these things and we still don't have enough money. Which we may not. Then go ahead raise the middle class taxes a bit.

You really need to stop saying this as a serious part of your argument. Under current U.S. tax law it is ILLEGAL for any U.S. citizen to hide money overseas without claiming the interest gained as revenue. This isn't a loophole that needs to be closed because this practice is already illegal.

 

[Black Irish]

People in Iraq have to be terrified at the prospect of another Bush in office ... you know, with their family tradition of becoming President and bombing the crap out of them.

Yeah, we should really work our domestic elections around what people in Iraq think.

 

[GoIrish41]

Yeah, we should really work our domestic elections around what people in Iraq think.

I don't think I said we should work our domestic elections around what they think. I was just making an observation.

 

[GoIrish41]

You really need to stop saying this as a serious part of your argument. Under current U.S. tax law it is ILLEGAL for any U.S. citizen to hide money overseas without claiming the interest gained as revenue. This isn't a loophole that needs to be closed because this practice is already illegal.

Not disagreeing, but it was aparently pretty easy for some to figure out that Romeny was doing it after simply reading one year of his income taxes. I didn't see anyone prosecuting him for doing it.

 

[chicago51]

So the stock market closed at a record high today. Corporate profits continue to rise.

Barack Obama has to be the worst socialist ever.

 

[chicago51]

If you were not here this morning check out my post #6615.

 

[DSully1995]

Hey! I'm only 31!!!

What an insane (leftist) comment....Seriously? "A true self driven person would not waste his time complaining about paying the bills of his parents generation"???? LOL ARE YOU KIDDING ME?

So let's just rack up the debt and tell everyone to quit their jobs now, because the next generation will cover it. They shouldn't complain either.

Come on man!!! You're smarter than this! I do have faith in people...but most people will only work as hard as they have to, to get by. This is why there are rich and poor. Have's and have nots. Winners and losers. Yes, some don't get a fair shake, but I've rarely met a hardworking person that didn't get their day in the sun. Government PRAYS on those that want to just skate by...and there are more and more of those kinds of people out there. The "greatest" generation is gone. We're moving into a generation of PC crybabies that have no skills and no desire to do anything but email and watch reality TV.

To just think that everything will all be ok if we just trust the government is wrong. I'm simply saying that if you left me (and others) to their own devices, we'd be just fine. The more money they take from us, the more we must get involved and demand that they be accountable for how they spend money that otherwise, I could spend more efficently on my own.

I didnt mention trusting government at all, what I was meaning to say was that you should work towards your american dream despite taxes holding you back, not that lets just pass on the bill to my generation, and by the way, your greatest generation is taking in SS/medicare, to sum up my point: dont trust government, but dont claim its ruining your life aswell.

 

[DSully1995]

? Even Obama claimed that the bill would cost $900 billion net. (Which ended up being way off). The whole scheme is to subsidize peoples' buying of insurance -- how else are you going to make sure more people are insured?

And your personal plans will go up as well next year, because of the underwriting and coverage mandates written into every policy.

I understand it will cost more, but not for government, ACA is designed to allow every the opportunity to afford insurance, if im not mistaken it:

1. Prevents insurance companies from denying coverage to people with pre existing coverage
2. Makes rates determinable only by age/geography (Very much dislike this one)
3. Forces mandate to broaden the base to lessen the costs (since the system can now not avoid high risk patients

Consumers will foot the bill of the others/new entries, but this is the most efficient private market alternative I can think of, the government saves money since it doesnt have to cover emergency room bills of the uninsured right?

 

[Grahambo]

Anybody here that works in some type of political capacity?

 

[Bluto]

Go onnn...

GIS consultant. Government agencies love GIS.

 

[BobD]

Anybody here that works in some type of political capacity?

We have a couple of d!ck taters here

 

[RDU Irish]

Confusing Question of the Day - Obama Pardons The Sequester - YouTube

Kimmel kills it and the truth comes out at the end. Hilarious and depressing all at the same time.

 

[RDU Irish]

So the stock market closed at a record high today. Corporate profits continue to rise.

Barack Obama has to be the worst socialist ever.

All of the growth and $2 trillion of cash with those companies is OVERSEAS. The global trend of huts to homes is in its infancy and US companies will benefit from it as 90% of the world's population moves out of abject poverty. Global demand is the driver. Not Obama, or Bush or Clinton. The global "pie" is growing faster than us so that our piece is getting absolutely bigger while getting relatively smaller.

The real question is what does the US do to keep a bigger piece of the pie going forward?

Repatriation of that $2 trillion would happen overnight if we adopted tax policy like most of the world (i.e. taxed in the jurisdiction of the earnings).

At the same time, drop the corporate tax to 10% and watch companies suddenly focus on making money in the US. You think they don't allocate their expenses to avoid US profit and focus profits in lower tax countries? If we were the low tax country, profits would be funnelled here.

10% corporate tax plus our cheap abundant energy would create a manufacturing boom like we can hardly imagine.

 

[RDU Irish]

Not disagreeing, but it was aparently pretty easy for some to figure out that Romeny was doing it after simply reading one year of his income taxes. I didn't see anyone prosecuting him for doing it.

You actually believe this? I'll type slowly -

It is not illegal to have offshore money, you just need to report the income.

Therefore, the presence of offshore earnings on his tax returns only supports he is complying with the law. If he was doing something illegal, it would not be on his tax return?

Noodle over that for a minute and let me know which person in that Jimmy Kimmel bit was you.

 

[Irish8248]

Anybody here that works in some type of political capacity?

i was an elected official before i resigned in 2011 to go to law school and I worked for a State Senator ... While i live in Ohio for school, Im still very involved in politics back home on the local and state level.

 

[irishpat183]

All of the growth and $2 trillion of cash with those companies is OVERSEAS. The global trend of huts to homes is in its infancy and US companies will benefit from it as 90% of the world's population moves out of abject poverty. Global demand is the driver. Not Obama, or Bush or Clinton. The global "pie" is growing faster than us so that our piece is getting absolutely bigger while getting relatively smaller.

The real question is what does the US do to keep a bigger piece of the pie going forward?

Repatriation of that $2 trillion would happen overnight if we adopted tax policy like most of the world (i.e. taxed in the jurisdiction of the earnings).

At the same time, drop the corporate tax to 10% and watch companies suddenly focus on making money in the US. You think they don't allocate their expenses to avoid US profit and focus profits in lower tax countries? If we were the low tax country, profits would be funnelled here.

10% corporate tax plus our cheap abundant energy would create a manufacturing boom like we can hardly imagine.

But that would mean that people would make more money and be less dependent on the government. Can't have that.

 

[irishpat183]

You actually believe this? I'll type slowly -

It is not illegal to have offshore money, you just need to report the income.

Therefore, the presence of offshore earnings on his tax returns only supports he is complying with the law. If he was doing something illegal, it would not be on his tax return?

Noodle over that for a minute and let me know which person in that Jimmy Kimmel bit was you.

Unbelievable that someone that appears intelligent, doesn't get this.

These guys aren't criminals. Greedy? Slick? Perhaps.

 

[Irish Houstonian]

I understand it will cost more, but not for government, ACA is designed to allow every the opportunity to afford insurance, if im not mistaken it:

1. Prevents insurance companies from denying coverage to people with pre existing coverage
2. Makes rates determinable only by age/geography (Very much dislike this one)
3. Forces mandate to broaden the base to lessen the costs (since the system can now not avoid high risk patients

Consumers will foot the bill of the others/new entries, but this is the most efficient private market alternative I can think of, the government saves money since it doesnt have to cover emergency room bills of the uninsured right?

No, it will cost more for the government. The feds are subsidizing the buying of health insurance. Out of their own pocket. The cost of all the subsidies is about $1.7 trillion over the next decade. The revenue from all the new taxes and fees is about $500 billion. So a low estimate of what it will cost the federal gov't -- out of its own pocket -- is about $1.2 trillion over the next decade. That's direct federal spending.

 

[irishpat183]

No, it will cost more for the government. The feds are subsidizing the buying of health insurance. Out of their own pocket. The cost of all the subsidies is about $1.7 trillion over the next decade. The revenue from all the new taxes and fees is about $500 billion. So a low estimate of what it will cost the federal gov't -- out of its own pocket -- is about $1.2 trillion over the next decade. That's direct federal spending.

BUT EVERYONE IS COVERED!!!!

And don't worry....there is NO WAY that taxes on the middle class will go up because of this.

 

[Polish Leppy 22]

BUT EVERYONE IS COVERED!!!!

And don't worry....there is NO WAY that taxes on the middle class will go up because of this.

Yup. Just like public education in America. Every child is "covered", it's "free", and "equal."

 

[Irish Houstonian]

BUT EVERYONE IS COVERED!!!!

And don't worry....there is NO WAY that taxes on the middle class will go up because of this.

Well...actually about 20 million still won't have coverage...D'oh!

 

[Irish8248]

BUT EVERYONE IS COVERED!!!!

And don't worry....there is NO WAY that taxes on the middle class will go up because of this.

Reform: Identifying a growing problem, adding more people to the problem, not changing anything else, and then saying it will save us money... or we can call that "Forward"

 

[RDU Irish]

Well...actually about 20 million still won't have coverage...D'oh!

But they will be taxed for not having coverage! Not that any of those people would be middle class or trying to claw their way out of poverty.

 

[RDU Irish]

But that would mean that people would make more money and be less dependent on the government. Can't have that.

Corporate income taxes are only 10% of federal revenues yet so many get their underwear in a twist over corporate taxes. The other 90% of revenue is pretty evenly split between FICA and income taxes. I have not seen the numbers but just think for a minute about the amount paid in salaries by corporations, some multiple of profits no doubt. Again, love to see the numbers for how much is paid in FICA and income tax attributable to corporations.

Therefore, increasing corporate activity through lower corporate taxes would gather more revenue for government through FICA and income taxes on newly employed and higher incomes.

Anyone who argues a 0% corporate income tax woud NOT increase employment in the US is intellectually dishonest or a moron.

 

[irishpat183]

Reform: Identifying a growing problem, adding more people to the problem, not changing anything else, and then saying it will save us money... or we can call that "Forward"

You forgot to add "raising taxes on citizens"

 

[irishpat183]

Well...actually about 20 million still won't have coverage...D'oh!

So you're telling me that all the "people dying in the streets" won't actually be covered by the new plan?

Are you saying that government is possibly using this as a way to tax people more under the guise of "doing the right thing"?????

That just can't be true.

 

[irishpat183]

See, the problem that ACA supporters made was running under the flag of "Everyone will have not only health insurance, but it will be cheaper".

Problem was, they didn't know that to be true(hell, you're own government didn't bother to read the bill). Now all the numbers are coming out and it's not going to be cheaper and still won't cover everyone.

So other than just paying higher taxes and driving up my premiums even more...how did this make things better?

And we havent even gotten into what happens with "quality of care". Because we all know that government has been so efficent at running other things.

 

[Irish8248]

You forgot to add "raising taxes on citizens"

whoa whoa whoa.... he said, in fact promised, no taxes on the middle class. He cant be lying about that

 

[Irish Houstonian]

whoa whoa whoa.... he said, in fact promised, no taxes on the middle class. He cant be lying about that

^Yup. And don't forget everything is "pay as you go" and won't "add one dime" to the deficit.

Meanwhile they're crying in the White House today because they had to fire the in-house caligrapher making $97k a year.

 

[chicago51]

Fox News Reporter Bill O'Reilly completely loses his mind.

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Say what you want about the President. You can hate his plan. I have my own reservations. The fact is though he has had a deficit reduction plan since 2011. There been a few minor changes but for the most part the plan has always been there.

Unfortunately I think a big part of the president's legacy is going to be the fact he was the guy drove the republican party insane. The reality of Obama being president and then being reelected has been too much for some folks to handle.