'Tis the Season: Congress Gets Ready to Tax and Spend Again

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R.L. Schaefer of CA_ I keep posting this and you keep ignoring...
Except in economic area I would say we generally have similar beliefs more or less. Now TEA.
I have no special training in economics in school. I have studied this area A LOT. I HAVE LEARNED from history. We are not learning from the mistakes of the past and so here we are bound to repeat our errors.
Maybe the most job growth killer tax increase is obamacare. Just one aspect of that is in one quarter will cost AT&T $$$ 1 billion in tax increase. $$$ 4 billion a year. Will cost Caterpillar $$$ 250 million. Companies don't pay taxes, cost is included in goods sold. We pay it when we buy. Raise cost of bulldozer made here and foreign made product may be bought as an example. Go to Walmart and buy American made product. Good luck doing. Ever wonder why the 4 + year wait for most of obamacare. Folks are dying and families going bankrupt. That was the cries to promote passing obamacare in the first place. Buy foreign and loss American jobs.
In “Obama's America of Low Expectations” you wrote:
“The rich are... well rich. Keeping their tax levels at historical lows will not induce them to "create" jobs. Why should they? They have everything they need.”
Simple not true. Countless times I have quoted CBO saying in real numbers, government pocketed revenue, rich paid 4.01 % more tax with Bush's tax cuts. Simple math could not account for that. Rich take their money out of low yielding accounts and invest. That's jobs. Like I said earlier, “EPA regulation” needs reality check is stopping ivestments along with treats of raising taxes. Companies need consistency to thrive.
Bill C. taxes increases was less productive for government revenue than Newt's tax cuts for rich. When taxes were raise on YACHT the yacht industries knees buckled and nearly failed. There was not increases in government revenue as was hoped. Less instead. Check out CA, they have high tax rate and liberal legislator majority. How is higher tax rate on rich working for them ?
I challenge you as I did Jamie in her article. Prove increasing taxes on rich generates MORE REVENUE. PROVE ME WRONG... Not with CBO estimated numbers but with real result numbers from whatever source you wish to use...

Bill Hedges of MO 10:16PM December 06, 2011

"Congress Gets Ready to Tax and Spend Again"
Uhh... it's more like "spend, go into debt and print more money".
We're broke, it ain't gonna get any better. Deal with it.

R.L. Schaefer of CA 9:22PM December 06, 2011

The previous comment, "....reports of a "defiant" 8.6% National Unemployment Rate" rings true at our house. This Christmas, our family will be pulling names out of Santa's hat and spend no more than $20.00 per gift because we can't afford anything more. My husband lost his job five months ago and there is nothing out there. Even McDonald's won't hire him because he is over qualified. My neighbor and best friend is also using Santa's hat because they can't find work either. Yes, I do blame the president. Shamefully, I admit I voted for him, but not this next time.

Shelly D. of MD 10:37AM December 06, 2011

Where does one start w/ a such a blog as this?
Because the predominance of your article surrounds the revenue issue, how about;
Nancy, your statement:
"The American economy desperately needs the improved growth and job creation that would ensue, while the American people would have more faith in a system that was simple and transparent."
Today's political spectrum appears to hinge on posturing, and I would say the Democrat Party takes that prize, running away.
Inasmuch as the overinflated national deficit, along with our "enigmatical" faultering economy (...reports of a "defiant" 8.6% National Unemployment Rate), the problem has NEVER been one of a revenue issue, but of gross and foolhardy over-spending by President Obama and the Democrat Party (ie; Google: Obama Lies and/or Obama Spends and/or Obama Blames).
The Republican-controlled House has, to date, passed 25 economic enhancing, limited-spending, jobs bills, but these bills continue to remain in the Democratic-run Senate: http://www.speaker.gov/blog/?postid=271218
For what reasons are these bills stuck in the Senate? ....how about "posturing"??
Personally, I'm not buying the "Green Jobs" issue, particularly when this POTUS gives away billions of our tax dollars to far-away countries like Brazil to produce oil even though President Obama is against off shore drilling for oil for this country. He signed an executive order to loan billions of our taxpayer's dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil. The oil that comes from this operation is for the sole purpose and use of China and not the USA. The Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil". We have absolutely no gain from this transaction whatsoever.
http://urbanlegends.about.com/od/barackobama/a/obama_offshore_drilling_brazil.htm
Virtually, ALL of the evidence of this country's demise stems from the mismanagement, along with the massive corruption of the Obama Administration and the Democrat Party.
Vote "Conservative", 2012, and save our country!

John Wayne of NM 9:53AM December 06, 2011