Spending has been slashed. When conservatives won't take a $10 in spending cuts for $1 in raising revenue then you're not dealing with reasonable people.
Posted from Rivals Mobile
Posted from Rivals Mobile
Boogie Man
- Thread starter runyouover
- Start date
GOP 'reason' got us in this mess.
That is the fact.
And I recall you calling the only guy really interested in cutting a 'kook' or a 'loon'.
Only because he's not israel's tool like the rest.
This post was edited on 4/4 10:30 PM by Veer2Eternity
That's not a compromise that will ever happen.
Also the top way is to cut taxes by 5 and increase spending by 5 and then it complains about the budget and debt once a dem takes over.
Also the top way is to cut taxes by 5 and increase spending by 5 and then it complains about the budget and debt once a dem takes over.
Compromise has worked fine in the past. The budget has really been blown by sole party GOP control.
I'm not fine with high taxes. I'm just honest that I expect us to fund what we want the government to do. The GOP wants the government to do a lot; they just want different things than the Ds and they don't want to pay for it.
Re: Democrats were the ones pushing tax code changes in the 80's dude
Taxes have statistically been lower under Obama and the Republicans then any other time in our history including Ronald Reagan! Yes this is a few years old but still pretty relevant
The average income tax rate under Reagan in 1983 was 11.06 percent. Under Clinton in 1992, it was 9.18 percent. And under Obama in 2010, it was 4.68 percent.
The verdict: For most Americans, taxes were lowered through the stimulus package passed in 2009 and extended to 2010, and they were also lowered in the tax compromise between Obama and Republicans. Current rates are at historic lows compared with ones from 1955 - when the numbers started being tracked - through 2007.
Fact checker
Taxes have statistically been lower under Obama and the Republicans then any other time in our history including Ronald Reagan! Yes this is a few years old but still pretty relevant
The average income tax rate under Reagan in 1983 was 11.06 percent. Under Clinton in 1992, it was 9.18 percent. And under Obama in 2010, it was 4.68 percent.
The verdict: For most Americans, taxes were lowered through the stimulus package passed in 2009 and extended to 2010, and they were also lowered in the tax compromise between Obama and Republicans. Current rates are at historic lows compared with ones from 1955 - when the numbers started being tracked - through 2007.
Fact checker
Re: Democrats were the ones pushing tax code changes in the 80's dude
I would use taxes as a % of GDP as a better measure than that. Taxes aren't really lower now than they were 25 years ago.
Keep in mind that tax receipts were abnormally low in 2010 - you had a lot of people out of work, many corporations were recording losses, and capital gains tax receipts were crushed by the downturn in the capital markets. And we've had two changes in revenue since then - the end of Bush tax cuts for incomes over $250,000 (or whatever it was), and the taxes built into the ACA.
Tax receipts aren't as high as they were under Clinton, that is true.
Also, one must point out that Clinton and Bush I's tax increases were what led to the surplus. The Reagans and Bush IIs set up unsustainably low tax rates that didn't fund their budgets.
I would use taxes as a % of GDP as a better measure than that. Taxes aren't really lower now than they were 25 years ago.
Keep in mind that tax receipts were abnormally low in 2010 - you had a lot of people out of work, many corporations were recording losses, and capital gains tax receipts were crushed by the downturn in the capital markets. And we've had two changes in revenue since then - the end of Bush tax cuts for incomes over $250,000 (or whatever it was), and the taxes built into the ACA.
Tax receipts aren't as high as they were under Clinton, that is true.
Also, one must point out that Clinton and Bush I's tax increases were what led to the surplus. The Reagans and Bush IIs set up unsustainably low tax rates that didn't fund their budgets.
