From Aziz Ansari's Twitter

#52
#52
JayVols said:
No. There are many impacts, but what is being tried now isn't working too well.

I agree with tax cuts, larger cuts even, IF it is based on money reinvested in a company to expand at home and creates US jobs. I am just not too keen on off the top cuts with the hopes that it will be used for the above. If the reasoning for the tax cuts is to create jobs, tie the cuts to that condition.
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What cuts are we talking about? Extending cuts from 2003 or new cuts?

Obama claims to have added new cuts though one (in the Stimulus) was more of a withholding gimmick. He did sign the 2% payroll tax cut and we've lost jobs - that cut was pure middle and lower class since it caps at just over $100K.

As far as I'm concerned, not extending tax cuts that have been in place for 8-10 years is really raising tax rates. I'm not sure what that gets you other than goodies with the base for sticking it to the man.

Now if you want to talk major tax reform with lower overall rates but less loopholes so that stated rates and collected rates are near equal then I think we have something - the bipartisan debt reduction commission agrees.
 
#53
#53
BigPapaVol said:
I disagree. We have the wealthiest poor and middle classes in the world.
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That's the troof. More govt bennies than ever and a higher standard of living than ever but it aint' enough because somebody got richer.
 
#54
#54
volinbham said:
What cuts are we talking about? Extending cuts from 2003 or new cuts?

Obama claims to have added new cuts though one (in the Stimulus) was more of a withholding gimmick. He did sign the 2% payroll tax cut and we've lost jobs - that cut was pure middle and lower class since it caps at just over $100K.

As far as I'm concerned, not extending tax cuts that have been in place for 8-10 years is really raising tax rates. I'm not sure what that gets you other than goodies with the base for sticking it to the man.

Now if you want to talk major tax reform with lower overall rates but less loopholes so that stated rates and collected rates are near equal then I think we have something - the bipartisan debt reduction commission agrees.
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Both actually. As long as tied to reinvestment that creates domestic jobs because that's what will increase tax revenue without raising taxes.

I'm all in on eliminating loopholes/offshore shelters, etc. I am not anti-code reform.
Can we move this to the trickle down thread. Getting confusing/annoying trying to keep up with 2 similar discussions. Thanks.
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