Unfortunately the Republican tax cut will deny important revenues to many states facing their own deficits. This will create greater pressure for higher state and local taxes.
I think the Bush tax cuts should be made permanent.
If, if more stimulus means more tax cuts to small businesses, if, if more stimulus means middle class tax cuts, then I'm for it.
Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
God forbid that Americans earning, say, more than $1 million a year be asked to pony up a little more in taxes to support a larger military at a time when, we are told over and over, the country is in the middle of a war on terror. Millionaires can't be asked to sacrifice even just a little bit. No, they deserve to have their taxes cut while others fight and die.
Budget cuts if you're not rich, tax cuts if you are. Less money for those who don't have any and more to those who do. That's how President Fredo says we're going to get out of the giant deficit hole he's dug. You can't put it any more simply. Rich people richer. Poor people poorer.
The most pernicious of his [Obama] proposals will be the massive Make Work Pay refundable tax credit. Dressed up as a tax cut, it will be a national welfare program, guaranteeing a majority of American households an annual check to 'refund' taxes they never paid. And it will eliminate the need for about 20% of American households to pay income taxes, lifting the proportion that need not do so to a majority of the voting population.
Washington continues to encourage ever more ill-considered lending in a misguided attempt to stave off needed market corrections. The currently proposed combination of a nationwide infrastructure spending orgy plus tax-cut bribes does nothing to remedy that.
The President is destroying the fabric of America with a combined policy of war, tax cuts for the wealthy, and reductions in spending for domestic needs.
President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.
It is time to recognize a simple fact of life. Contrary to what some of my colleagues seem to believe, tax cuts do not pay for themselves.
You can't be evangelical and associate yourself with Jesus and what he says about the poor and just have no other domestic concerns than tax cuts for wealthy people.
I favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand.
The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.
I assume the president's going to say he got bad intelligence... I think that wherever you see poverty, whether it's in the white rural community or the black urban community, you see that the resources have been sucked up into the war and tax cuts for the rich.
We're going to have to invest in the American people again, in tax cuts for the middle class, in health care for all Americans, and college for every young person who wants to go. In businesses that can create the new energy economy of the future. In policies that will lift wages and will grow our middle class. These are the policies I have fought for my entire career.
Cutting taxes is not bad. But if you cut taxes on the wealthy, which is what they wanted to do, you're not helping people who need better schools and better infrastructure and healthcare. You're basically robbing the middle class and the poor to provide tax cuts to the rich.
Jesus never called the poor 'lazy,' fought for tax cuts for the wealthiest Nazarenes or asked a leper for a copay.
Jesus refers to the poor over and over again. There are 2,000 verses of Scripture that call upon us to respond to the needs of the poor. And yet, I find that when Christians talked about values in this last election that was not on the agenda, that was not a concern. If you were to get the voter guide of the Christian Coalition, that does not rate. They talk more about tax cuts for people who are wealthy than they do about helping poor people who are in desperate straits.
This is the national equivalent of having no savings, your credit card maxed out, you didn't renew your insurance, and now your house has burned down. The only way we can start to solve this is rolling back the tax cuts for the rich, which would save about $70 billion.
Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.
Every tax cut I call for is targeted, it's responsible and it is paid for within my balanced budget plan. My tax cuts will not undermine our economy. They will speed economic growth.
For decades the G.O.P. has won elections by appealing to social and racial divisions, only to turn after each victory to deregulation and tax cuts for the wealthy a process that reached its epitome when George W. Bush won re-election by posing as America's defender against gay married terrorists, then announced that he had a mandate to privatize Social Security.
Congress has always had a soft spot for "experts" who tell members what they want to hear, whether it's supply-side economists declaring that tax cuts increase revenue or climate-change skeptics insisting that global warming is a myth.
If you believe Jesus ever had a good word for war or torture or tax cuts for the rich, or raping the earth, or refusing water to dying migrants, then you might as well believe bunnies lay painted eggs.
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