Should we temporarily suspend Bush's temporary tax cuts?

-We're going to loose the tea party freshmen on the next version of the debt ceiling bill so we're going to need a few Democrats.

Or, we're going to end up with the Senate version which will be mostly Democrats with a few Republicans.

I would prefer the former.yes, but just temporarily



We see now many Reps. in US Congress failing to do what is best for the Nation from pressure to keep in the party line, and the party leaderships are best describe as mindless test tube clones that do the bidding of Wall St.

At this point, there is only one measuring stick of worthwhile use, to determine if a Rep. is worthy of office.



Are they willing to cosponsor H.R.1489 The Return to Prudent Banking Act which would re-instate Glass-Steagall and if you are not willing to pressure your Rep. to do this, YOU are not worthy of citizenship!I prefer the Democratic approach -- but you are obviously reasonable. Meaning a consensus is achievable. However, there is a problem. If the voting record up t now is any guide, the Tea Party will pull about 3/4 of the GOP --160-180 votes. That means the GOP needs a lot more than a few Democrats. Which means it's going to be a mostly Democratic bill.



The real problem -- and it's not just concerning the debt ceiling -- it the Tea arty. To all intents and purposes, we have three parties in Congress, not two. Democrats and Republicans can work together. Nobody can work with the Tea Party -- adn it's becoming obvious nobody can get much done with them around.



Mainstream Repubicans are going to have to find a way to get the Tea Party under control --or th American voter will do it for them.
"The Rich" is just a phrase to cause class envy. The fact is that "The Rich" includes most business in the US. When the businesses are taxed, they simply charge more for their products. Who buys products - we do. We end up paying for the tax hike.



When taxed do go up, businesses just move to countries that have lower tax rates.



The top 1% pays 40.2% of all taxes.

The top 10% pays 70% of all taxes.

The bottom 50% do not pay taxes at all.



When taxes are at 70% rate, the government receives 7.2% of GDP

When taxes are at 50% rate, the government receives 7.8% of the GDP, and the GDP goes up.

When taxes are at 30% rate, the government receives 8.2 to 8.4 GDP and the GDP goes even higher.



When taxes are raised, people are laid off to be able to afford to pay the taxes.



Raising taxes only makes the economy worse. This is just the basics



If you want prices to go up and people to be fired or permanently laid off, then go ahead and raise taxes by suspending the "Bush" tax cuts. It is class warfare and propaganda that is being presented by most of the media and nothing to do with real economics principles to make taxes a political issue.
1) First make it permanent.....then you can temporarily suspend them (this way, they automatically kick in for good after the temporary suspension)



2) I think you mean "lose" not "loose".



As in I tied the boat to the dock with a rope so I wouldn't --lose-- it in the night, but the rope was too --loose-- and the boat drifted into the bay.
Why not suspend President Wilson's temporary tax hikes ?



The US tax rate was 7% before WW l



When a temporary tax increased to 90% took place to pay for the war.



Well WW l ended 80 years ago



So how come we have never went back to a 7% tax rate ?



2. If democrats want to end the Bush tax cuts



Then why did they vote to extend them just last year when the democrats controlled the House and Senate ?"



or was that purely partisan preelection fraud on their part ?
The thing of it is the fact they are no longer the Bush tax cuts because Obama took ownership of them by extending them.



Your question should then be "should we temporarily suspend Obama's temporary tax cuts."
No,i remember Obama and the media bragging about what a great ides it was to extend them just a few months ago. Maybe you wish to forget that but i won`t. How soon we forget the facts.
Not only suspend but make all those cuts retro-active
No, we should permanently suspend them.
Yes . Until 2546 .
Permanently abolish them.
Allowing them to expire is sufficient.
Yes, and raise them 2 points
YES



OR WE ALL WIIL BE SELLLING OUR GOLD SOON