Obama Tax Cuts To Be Bigger Than Expected

Here we go sucking up to the Obama machine. Take a vacation and get a new job, your reporting is making me puke.

GIVE THE MONEY TO THE TAX PAYING AMERICANS. WE WILL SPEND IT AND MAKE THE ECONOMY STRONG AGAIN. STOP GIVING IT TO COMPANIES AND BANKS THAT ONLY KEEP IT FOR THEMSELVES.

Well lets just spend, spend, spend.
CA wants another Golf course, FL wants a new waterpark, MN wants a snow machine, all the pork is now called STIMULUS.

This Magic Negro Obama just might turn out to be a great President. It looks like he's ready to get a good start out of the blocks. So far, it looks hopeful. He talks sense.

Judicial Watch Obtains Documents Re: Blagojevich Contacts with Obama and Transition Team

http://www.judicialwatch.org/news/2009/jan/judicial-watch-obtains-documents-re-blagojevich-contacts-obama-and-transition-team

Sure sounds good! Big ass Stimulus Package! Just keep printing the money! I'm sure there are no consequences to these actions!

yay!

Yeah, Ryan, unlike those fiscally conservative Republicans who ran wild like kids in a candy store with taxpayers money for the first six years they were in charge of the show with Bush at the helm. At least Obama had Republicans with him today in his press conference along with Democrats and pledged to work with them. That alone is more respect than Bush ever displayed towards Democrats.

Koolaid article. In fact the Obama tax cut is less then advertised during the campaign. The phase out begins at 150K for joint filers and is phased out at 170K. So much for the tax cut for everyone who makes less then 250K. It is also less then indicated during the campaign. Then the cut would have amounted to about 4K annually for a joint filer in the 150K-180K bracket. But then who did not know that was a bunch a bull. Before it is over with we may hear the old Bill Clinton line. I worked hard, so hard to give the tax breaks I promised but I just could not do it because things are much worse then I thought. Yeah right.

LOL

David S.5:05PMJan 5th 2009

Yeah, Ryan, unlike those fiscally conservative Republicans who ran wild like kids in a candy store with taxpayers money for the first six years they were in charge of the show with Bush at the helm. At least Obama had Republicans with him today in his press conference along with Democrats and pledged to work with them. That alone is more respect than Bush ever displayed towards Democrats.

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Why would I give a shit about the Republicrats or the Demicans? Your still supporting one of the two big evils buddy! That is your problem not mine!

>The phase out begins at 150K for joint filers and is phased
>out at 170K. So much for the tax cut for everyone who makes
>less then 250K. It is also less then indicated during the
>campaign.

(1) The campaign never promised a cut for everyone < 250K, they promised no increase for anyone < 250K. The highest threshold (or phaseout) they ever promised for a cut was 200K.

(2) AFAIK, they're also delaying (perhaps indefinitely) the increase for those > 250K, because they know it's not a good idea to raise *anyone's* taxes when there's a liquidity trap. (But it's most important to get more money to people who will spend it, which is *not* those > 250K.)

(3) Even though "the phaseout begins at 150K and is phased out [sic] at 170K," a couple making 170-200K still has most of their income < 150K and thus taxed at the new, lower rates. So even they (or some of them) may get a net tax cut.

>Before it is over with we may hear the old Bill Clinton line.
>I worked hard, so hard to give the tax breaks I promised but
>I just could not do it because things are much worse then I
>thought. Yeah right.

(4) Nope. The "thing[s]" that were "much worse" than Clinton "thought" (yeah right, I agree) was the deficit. Which is certainly much bigger now than it was then, but in a liquidity trap, you *want* a big deficit. And Obama, despite having hung around the U of C (and their economists) for a while, knows that as well as J.M. Keynes and (eventually) F.D. Roosevelt did. (Though perhaps not quite as well as Paul Krugman does, which is why I'm a bit worried. As is Krugman.)

Article says, "Mixed Messages From Obama On Stimulus Plan.....Obama To Cut Taxes In Stimulus Plan AND Increase Government?....Besides the "targeted" Tax Cuts, Obama appears to want to expand the government by something like 600,000 bureaucrats (how likely are these people to be cut once they're brought on board?)"....read rest of article at: http://www.americasright.com/2009/01/mixed-messages-from-obama-on-stimulus.html

"The great masses of the people will more easily fall victims to a big lie, than to a small one"

"Make the lie big, make it simple and say it long enough, and it will eventually be believed"

I wonder why they are in such a big hurry to get this 'stimulus' package out before Obarry takes office?? Could it be that if this great idea turns out to be a disaster, This too could be blamed on Bush??.....

Being that we all have to suffer with the final GW Hoover budget until Oct. 1st 2009....any stimulating remedy ASAP, is best NOW for the republic, but not necessarily for the failed-flailing-Repubs!

HEY PEOPLE, HOW MUCH OF A TAX CUT FOR THE SINGLE PERSON, WHAT AMOUNT IS THE CUT-OFF FOR THEM? THEY PAY MORE INTO TAXES THEN THE MARRIED COUPLE, UNFAIR.

Obama said there could only be one president at a time. Sounds to me like he has taken over already. I'm not a Bush fan, but he is still in office. I'm not an Obama fan either & not very comfortable with him at the helm. All is not smooth sailing already. He is going to have to ride with the tide as he has created his own wake. He has grandiose ideas, but he is not the only one to make decisions. He made a whole lot of promises during his campaign to "sway" voters & unless he brings them to fruition there will be a multitude of unhappy campers (or is that campaigners?).

In the spirit of my desire to locate my FUCKING tax cut, it is nice to see developments like this one.

I am, however, disappointed that The Big O has chosen to make my FUCKING tax cut dependent upon congressional debate over The Big O's controversial stimulus (aka spending) package. In essence, he is holding my FUCKING tax cut hostage for a ransom in excess of $500 billion. That ain't right.

Perhaps it will go as some MRs have said and few will fight paying the ransom resulting in me getting my FUCKING tax cut. It still ain't right.

The Queen however seems to think that the spending bill, and thus my FUCKING tax cut, will draw a debate that will be spirited and, although she welcomes that debate, ANY DEBATE in congress (especially the senate) puts my FUCKING tax cut at risk. And that ain't right.

The Big O never promised to give me a FUCKING tax cut AS LONG AS enough opposition goes along with his spending bill. My FUCKING tax cut should stand alone in its own SEPARATE bill and the fact that it is saddled with anything debatable JUST AIN'T RIGHT.

The Big O will probably get his spending bill and so he should; he won the election. However, I should get my FUCKING tax cut whether congress decides to pay Obama's $500 billion ransom or not. Otherwise, it just ain't right.

I will let you all fight over whether the tax cut is bigger or smaller than what The Big O promised or if it is better or worse than those that W gave us. It is all moot until the tax cut, MY FUCKING TAX CUT, is signed, sealed and delivered. The Big O's spending plan could have the same affect on my FUCKING tax cut that Comprehensive Immigration Reform had on the overwhelming public desire to close our borders.

A stand alone tax cut bill would let us know who is for the tax-cut and who is against it, who supports the president and who doesn't, who is petty and who isn't and, more importantly, who thinks keeping a promise is important and who doesn't.

The Big O is wise to spread something conservatives would support between the various slices of a spending sandwich; it is actually good politics. However a promise is a promise, not a negotiating tool. How much bigger would The Big O have been to say, "No, I promised a tax cut and before anything else I will keep that promise."

Anything else, just ain't right. That having been said ...

Where is my FUCKING tax cut?!?!?!?

If done correctly, tax cuts could bring increase revenue to the Federal Government in the future! It could also increase tax revenue to State and local governments.

Increase spending can increase jobs....taxable income.

Increase spending can increase sales tax revenue.

If people feel more secure about the future they may start buying homes again...there certainly are alot to choose from!

GOD BLESS AMERICA!

Splash8:57PMJan 5th 2009

In the spirit of my desire to locate my FUCKING tax cut, it is nice to see developments like this one
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Wondering what happened to you, last word was "Going out for a night on the Crown"..... You made it back.