Biggest Tax Cut Evar

Juan I think you might be the biggest DB "evar".

Bush's tax cuts were across the board.

Obama's were 'targeted cuts" that not all people were eligible for. Of the tax cut everyone got, it amounted to $8 a week.

Those tax breaks include the Making Work Pay tax credit - up to $400 for individuals, $800 for families with incomes of up to $150,000 - the American Opportunity tax credit - with as much as $2,500 in credits for college tuition -- a first-time homebuyer credit and some incentives for home improvement that improve energy efficiency.

Just for fun, a comment from a debate between John Kerry and Howard Dean:

They're not Bush tax cuts, they're Democrat tax cuts
Q: To balance the budget, wouldn't you have to cut Social Security & Medicare?

DEAN: I'm a strong supporter of Medicare. The rest of our Social Security is not on the table. I'm a strong supporter of Social Security. What you need to do is get rid of every dime of the Bush tax cuts. Some say we should keep the middle-class tax cuts. What middle-class tax cuts? On the average, 60 percent of the people in this country got a $304 tax cut. One percent, which are rapidly writing $2,000 checks to George Bush, got a $26,300 tax cut.

KERRY: When Dean said, "What middle-class tax cut," let me tell him. The Burnett family earned $70,000. But under his plan, they are going to pay $2,178 more in taxes because they lose the child credit, they pay a penalty for being married again because he puts it back, and they lose the 10 percent bracket. Those aren't Bush cuts, those are the Democrat cuts that we worked hard to put in place to protect the middle class.

neither of the previous two posts make any sense.

The $800billion Stimulus included the $300billion in tax cuts. That should make the RepubTeaCons ecstatic since OBama is following their plan.

quote:

Originally posted by JuanHunt:
BIGGEST. TAX CUT. EVER....When the House approved the economic stimulus bill without any Republican votes, it was noted that it was the first time that the entire Republican conference in Congress had voted against a tax cut.

But let's go a little further. The compromise plan announced last night includes $282 billion in tax cuts over two years. With that in mind, Steven Waldman argues, persuasively, that when the vast majority of congressional Republicans oppose the package, they'll be voting against the biggest tax cut "in history."

According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.

http://www.washingtonmonthly.c...l/2009_02/016863.php

Biggest lie ever!

quote:

Originally posted by Jobe:

quote:

Originally posted by JuanHunt:
BIGGEST. TAX CUT. EVER....When the House approved the economic stimulus bill without any Republican votes, it was noted that it was the first time that the entire Republican conference in Congress had voted against a tax cut.

But let's go a little further. The compromise plan announced last night includes $282 billion in tax cuts over two years. With that in mind, Steven Waldman argues, persuasively, that when the vast majority of congressional Republicans oppose the package, they'll be voting against the biggest tax cut "in history."

According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.

http://www.washingtonmonthly.c...l/2009_02/016863.php

Biggest lie ever!

Read my lips...Prove it. Or STFU.

quote:

Originally posted by JuanHunt:

quote:

Originally posted by Jobe:

quote:

Originally posted by JuanHunt:
BIGGEST. TAX CUT. EVER....When the House approved the economic stimulus bill without any Republican votes, it was noted that it was the first time that the entire Republican conference in Congress had voted against a tax cut.

But let's go a little further. The compromise plan announced last night includes $282 billion in tax cuts over two years. With that in mind, Steven Waldman argues, persuasively, that when the vast majority of congressional Republicans oppose the package, they'll be voting against the biggest tax cut "in history."

According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.

http://www.washingtonmonthly.c...l/2009_02/016863.php

Biggest lie ever!

Read my lips...Prove it. Or STFU.

Please tell me that to my face you coward.

quote:

Originally posted by Jobe:

quote:

Originally posted by JuanHunt:

quote:

Originally posted by Jobe:

quote:

Originally posted by JuanHunt:
BIGGEST. TAX CUT. EVER....When the House approved the economic stimulus bill without any Republican votes, it was noted that it was the first time that the entire Republican conference in Congress had voted against a tax cut.

But let's go a little further. The compromise plan announced last night includes $282 billion in tax cuts over two years. With that in mind, Steven Waldman argues, persuasively, that when the vast majority of congressional Republicans oppose the package, they'll be voting against the biggest tax cut "in history."

According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.

http://www.washingtonmonthly.c...l/2009_02/016863.php

Biggest lie ever!

Read my lips...Prove it. Or STFU.

Please tell me that to my face you coward.

Juan is playing internet tough guy, huh?

Juan has crossed the line.

I AM SAYING IT TO YOUR FACE RIGHT NOW, THROUGH THE INTERWEB-TUBES.

I also notice you have no data to support your contention.

quote:

Sez Jobe:
Juan has crossed the line.

No...Juan has proven over time to be one of the biggest BS posters in the forum.
Now...Juan is just coming completely un-hinged.

quote:

Originally posted by JuanHunt:
I AM SAYING IT TO YOUR FACE RIGHT NOW, THROUGH THE INTERWEB-TUBES.

I also notice you have no data to support your contention.

I repeat, you’re a coward.

quote:

Originally posted by CageTheElephant:

quote:

Sez Jobe:
Juan has crossed the line.

No...Juan has proven over time to be one of the biggest BS posters in the forum.
Now...Juan is just coming completely un-hinged.

The impending doom of his beloved democrats Tuesday has got him flustered.

Juan and his union buddies will be paying for this loss for years to come.

quote:

But let's go a little further. The compromise plan announced last night includes $282 billion in tax cuts over two years.

Actually that is the total amount of tax cuts in the stimulus bill including special tax cuts for business. The cut for the middle class (has income restrictions) was $145 Billion.

quote:

Middle-class tax cut: $145 billion. Tax cut amounting to $500 a year for individuals and $1,000 for couples. The full credit would be limited to those making $75,000 or less ($150,000 or less for workers filing joint returns).

http://www.stocktradingtogo.co...s-package-breakdown/

I'm not grousing about this part of the stimulus, letting people keep their own money is never a bad thing. I think Bloomberg gives some credit to this tax cut for helping to promote what little GDP growth we've had since the official end of the recession in June of 2009 when only 6% of the stimulus had been spent. Even with those tax cuts, the Obama administration will produce a net tax increase. While they might not be income taxes, they do hit someones pocket.

quote:

How many times have you heard the president and the congressional Democrats say Americans who make less than $200,000 a year have not had, and will not have, any of their taxes increased? Unfortunately, it is not true, and it is likely to become a whole lot worse.

The 111th Congress has already enacted $352 billion in net tax increases and may, in the upcoming lame-duck session, enact the largest tax increases in history, which will hit every man, woman and child - as well as every business in America. The good folks at Americans for Tax Reform (ATR) have put together the data on what the current Democrat-controlled Congress has done already. I have summarized their analysis in the accompanying table.

The tax increase of $725.7 billion dwarfs the tax cuts of $373 billion, leaving a net tax increase of $352 billion. But it gets worse. Just $107.6 billion of the tax cuts are permanent - the rest are temporary - but all of the $725.7 billion increases are permanent.

http://www.washingtontimes.com...s-imaginary-tax-cut/