They will propose, maybe pass, a bill with tax cuts at every level, forcing Obama to oppose/veto a bill that would provide tax cuts to the middle class.
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Obama Will Seek to Raise Taxes on Wealthy to Finance Cuts for Middle Class
- Thread starter Trojita
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Stumpokapow
listen to the mad man
wait until you see a state of the union from any previous president ever
Rocket Scientist
Member
If you mean to say that every president throws out ideas during the State of the Union only to have them not pan out, I don't doubt you. Didn't mean to imply that this was exclusive to Obama.
"I have a message for the people of Iraq: go home and die."
Mr Nash
square pies = communism
Hopefully folks will use it to pay down their debt.
Wait, Scarjo is married? D:
We live in a dark, joyless world.
Suikoguy
I whinny my fervor lowly, for his length is not as great as those of the Hylian war stallions
He is attempting to use the situation to create a contrast. It's good politics, and it's not changing anything the democrat party currently stand for.
SapientWolf
Trucker Sexologist
The tax system is structured in such a way that the income that you need to survive as a human being is taxed disproportionately high (income taxes stacked on sales taxes). The marginal utility of the money in the higher tax brackets is smaller because you already have your basic needs taken care of (food, shelter, childcare, etc) with plenty left over. As a result, the wealthy typically end up investing that money rather than spending it.
Losing $5k with a $35k income is going to hurt more than losing $120k when you're making $420k. They're taking the ramen right out of people's mouths. If the idea is to stimulate the economy through an increase in consumer spending then that money needs to go to the middle class. But the real boot on the throat of middle class America is student debt.
eBay Huckster
Member
if i had to wager a guess: they're "good for the economy" in that they provide a decent amount of stimulus to GDP in the short run, but bad for the country in that they severely kneecap what the government can actually do (short of the politically-unpalatable option of reversing the cuts) in the long run
Rocket Scientist
Member
Pretty much all of his state of the union's have had similar or the same ideas. It was always about taxing the rich and giving tax cuts to the middle class. The media-gasm every single time is weird. This is standard non-republican stuff.
Escape Goat
Member
With this Congress? No way.
GraveRobberX
Platinum Trophy: Learned to Shit While Upright Again.
None of these will pass in what the House or Senate are comprised of, what Obama is doing is setting it up for a "What If" for the next election, smart move really
Hey get my Democrats in the House + Senate and a Demo pres be it Hilary or whomever, all those promises and dreams that I mentioned during my lame duck 2 years might come to fruition
He's advertising the Democrats for 2016, I mean if the House/Senate don't pass shit till then, all the incumbents will have to get ready cause the people who will try to fight against them will come loaded with some heavy ammo to win their seats (unless it's a gerrymandered district/area, then it's fucked irregardless)
Buddha Beam
Banned
I've always liked how Democrats tend to become so liberal only when there is no chance in hell of implamenting those policies.
Yo, day care was the bomb. I remember getting to play around with other kids in the sandbox, learn the alphabet, learn to count, snack time, and the best part, nap time.
Goddamn I miss those days.
Yes because interaction with other children does not benefit them greatly through social interaction and learning.
Best we create a generation of socially anxious teat suckers instead.
mercenar1e
Member
He didn't do much with the last congress either.
Escape Goat
Member
Yrah, but at least his party controlled the Senate then. Now its even worse.
mercenar1e
Member
The dude strong armed democrats into compromising with the republicans during the first term. He doesn't like his own party lol now he wants to run his lips to gain popular support. If he really wanted to implement these changes he should have done so during the first term.
John Dunbar
correct about everything
Losing $5k with a $35k income is going to hurt more than losing $120k when you're making $420k. They're taking the ramen right out of people's mouths. If the idea is to stimulate the economy through an increase in consumer spending then that money needs to go to the middle class. But the real boot on the throat of middle class America is student debt.
what's the point in having that 35% step? less than 2k increase until leveling up seems like a pointless hassle at those income levels.
Escape Goat
Member
Okay but im not sure what this has to do with my comments.
Dirtyshubb
Member
It's funny how politicians always say the right things when elections are on the horizon...
I have learnt to ignore all these premises they spout, it's always just bullshit to trick another four years out of the lower classes while inputting changes to suit the upper classes.
I have learnt to ignore all these premises they spout, it's always just bullshit to trick another four years out of the lower classes while inputting changes to suit the upper classes.
shaowebb
Member
You aint kidding. Student debt is the ONLY debt I have...I have 63% income to debt ratio just on student debt. The switch from Sallie Mae to Navient has been nothing but a bullshit runaround since it happened too. They just outright tossed the plan I had setup and keep giving me the runaround as to why they haven't processed the paperwork to put it back to how I setup the thing to begin with before they changed it without permission.
I'll be damned if I can affored $1300 a month like Navient set me up for. That is NOT what I setup and I did not approve this change. Process my fucking paperwork already.
Bulbo Urethral Baggins
Banned
quack quack
It's funny to hear this lame duck President and all his proposals when they mean absolutely nothing. I guess it keeps that left base fired up.....for now. But he's got to keep up the charade for 2 years. Yall on board for a 2 year trip on the lame duck train? choo choo
It's funny to hear this lame duck President and all his proposals when they mean absolutely nothing. I guess it keeps that left base fired up.....for now. But he's got to keep up the charade for 2 years. Yall on board for a 2 year trip on the lame duck train? choo choo
Byakuya769
Member
I'd rather work.
Metaphoreus
This is semantics, and nothing more
According to Wonkblog, the "Trust Fund Loophole" refers to stepped-up basis. That's not so much a loophole as it is an intentional provision of the Internal Revenue Code. "Loophole," in this case, is being used exclusively for its negative connotation--as is "Trust Fund," for that matter. The provision benefits anyone who receives property from a decedent.
CoffeeJanitor
Member
titiklabingapat
Member
This is wealth redistribution and I'm all for it. Extreme income inequality is very real and this is the most direct way of addressing that.
Yup.
As seen by near constant GOP opposition and hysteria over his actions.
A joke indeed!
Pretty much this. I can't believe I am agreeing with Terrene, but if Obama were serious about any of this it would have come to the table BEFORE republicans controlled everything. The only reason he's dropping all these bombs left and right is to make life tougher for Congress in the next few years.
legacyzero
Banned
Good. Now your wealth can REALLY trickle down.
Not for a family like mine. Some families need two full-time incomes to sustain.
Not for a family like mine. Some families need two full-time incomes to sustain.
You have no idea what you are talking about. Please show examples of where he strong armed democrats to compromise? And fighting for Obamacare took all the political capital that was available just to get it passed. Obviously people don't even remember the first 4 years of Obama presidency.
Gordon Shumway
Banned
Yes..THAT'S what would make it not likely. lol..
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
So we get more middle class? Nice.
Fenderputty
Banned
SHHHHHH .... don't speak of his excellency in such ways.
Seriously though. This will be sold to people hurting the job creators and people will just gloss over and lap it up.
I think it puts pressure on the GOP to actually do something over the next two years. They own it. Let see what policy they enact that isn't garbage insta-veto repeals of the ACA or attacks to abortion rights.
And it's not genuine to say he hasn't pushed for higher taxes on the 250K+ earners prior to the GOP control of everything. Like revisionist.
Link
The Autumn Wind
None of this applies to this proposal. Like, at all. Are we even reading the same thread?
Second time too, and iirc was pregnant and may have already had child I forget. eh
How do people still not realize that this is being done to make the GOP look worse when election time comes? Of course he knows it's not going to pass. Hillary gets to get on stage and say 'look at everything Repubs are doing to hold you back, voter!' Cue applause, grab votes, continue news cycle.
Pretty much, he is setting up the agenda for the next Democratic nominee to take up.
Kinda like Romney now saying he's all about the middle class. It was only two years ago where Romney was promising revenue neutral tax cuts for the rich. ie tax increases for everyone but the rich.
TheLaughingStock
Member
Why does the Obama seek to do that? It's a nonstarter for many in elite circles and the government is not a household or a firm. So why would you propose a cut of $175B and a tax increase/fee of $320B? He could look at regressive taxes at the federal level and look at suspending, reducing, or abolishing them. If he'd like to start a political fight on another occasion, then he could tackle white collar/executive compensation for inequality or announce that the DoJ is seeking to secure convictions of senior banking officials to uphold the rule of law. He helps the middle class and causes all out war on the political front. Could be a nice way to end his legacy.
rokkerkory
Member
Give everyone a flat 15% income tax across the board.
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