[nolidad]

The candidate barack made a whole lot of absolute promises that the President Obama looks like has no intent on keeping.

He promised that no family making $250,000 or less would see not one of their taxesa raised by a pennyu, he even gaurentteed that these would see tax cuts!

So now what are we seeing the President entertaining ?

1. Increase federal gas taxes, impacting the poor the most.
2. Tax health benefits given by employers (charge them as income to the employee)
3. He got Rep. Pelosi to pass the cap and trade bill without it even being read by the house-- this will be the largest tax increase in the history of the country
4. He is considering a VAT- which will increase the cost of all goods sold- disproportionately affecting the poor as the greatest % of their income goesd to buy goods.

If he gets 2 more of these 3 left- we will only have the poor and the rich in this country.

[Ax]

I don't think I understand the purpose of this thread.

[Kentl]

dude name one that did all they said they would
you may not like him but at lest we arint rushing in to a war right now (as far as i know)

[bravesfan007]

Originally Posted by Kentl

dude name one that did all they said they would
you may not like him but at lest we arint rushing in to a war right now (as far as i know)

There is none that did all they said they would do; however, there is more to being a decent president than not rushing into war. I think that in thirty years (if the country is still around) that people will look back and see that Obama was a worse president than Bush. Again, that's just my opinion, but he's only been in office since January and is on his way towards harming the country.

[nolidad]

Originally Posted by Ax

I don't think I understand the purpose of this thread.

I guess it mostly is to warn that we are heading for worse times than we have already experienced. When all the added deficit spending and enormous borrowing realizes itself in the economy-- we will expereience inflation like we have yet seen in this country. I lived through the Pres. Carter years with 21% mortgage rates and 18% prime rates. What we are going to see will be worse than those years.

As bad as Pres. Bushes debt spending was- in one year Pres. Obama will have added as much debt to the nation as Pres Bush did in 8 years.

These added taxes will only make a b ad situation even worse. I t will inhibiot spending even more, cause even more unemployment and burden the social network to the breaking point possibly.

[Ax]

Originally Posted by Kentl

dude name one that did all they said they would
you may not like him but at lest we arint rushing in to a war right now (as far as i know)

We're still in Afghanistan. There's no plan to withdraw there. I have a friend who just enlisted and is being shipped there 2 weeks after his basic ends. And, btw, Afghanistan is WORSE than Iraq is.

[Bryan]

that's hardly a fair comparison, since we were in Afghanistan before Obama took office. That doesn't count as rushing into a war.

Now if he were on the fast track to invade Iran or N Korea, that would be.

[RubberChipmunk]

Originally Posted by nolidad

3. He got Rep. Pelosi to pass the cap and trade bill without it even being read by the house-- this will be the largest tax increase in the history of the country

There's still a chance to fight it in the senate!

Although I'm honestly not opposed to armed revolution at this point.

[slap_j]

Originally Posted by RubberChipmunk

There's still a chance to fight it in the senate!

I'm hoping it doesn't go through. Aside from being a hidden energy tax it's pretty divisive. But I do think the public is tending toward the side that it's a bad idea.

[nolidad]

Originally Posted by RubberChipmunk

There's still a chance to fight it in the senate!

Although I'm honestly not opposed to armed revolution at this point.

Probably not. Just heard on teh news Franken was declared trhe winner of Minn. That gives the Dems 60 seats and can break any filibuster to get to a 51 vote victory. These are no accidents.

Armed revolution just leaves a bloody mess for the living to pick up after.

[S.B.Nichols]

I didn't hear Obama thanking GWB in his speech today for sending in the surge (that Obama voted against) that made today's little pull out of the major cities in Iraq possible....

Just saying...

Oh well....could be worse...could be Carter...

[Napoleon17]

Originally Posted by RubberChipmunk

There's still a chance to fight it in the senate!

Although I'm honestly not opposed to armed revolution at this point.

I don't think it will go through. It passed the House but not by much... from what I've read that isn't a recipe for success in the Senate.

Originally Posted by nolidad

2. Tax health benefits given by employers (charge them as income to the employee)

If I understand it correctly, he wants to tax the portion of health insurance premiums that are being paid by employers. The employers contribute to an employee's health plan, and are currently able to deduct all the money they contribute from the company's taxable income. The way things are normally does is this: if the employer can take a tax deduction on it, the employee would have to pay taxes on it. But the point is this: he's not taxing health benefits, he's taxing the portion of the health insurance premium that is being given to the employee.

[nolidad]

If I understand it correctly, he wants to tax the portion of health insurance premiums that are being paid by employers. The employers contribute to an employee's health plan, and are currently able to deduct all the money they contribute from the company's taxable income. The way things are normally does is this: if the employer can take a tax deduction on it, the employee would have to pay taxes on it. But the point is this: he's not taxing health benefits, he's taxing the portion of the health insurance premium that is being given to the employee.

health, life and pension benefits have usually been tax free benefits for the employees. They were considered non taxable income or benefits. They want to change thisd and now tax them as income. In many cases that would amount to anemployee being taxed on $5-600 more income/month. While we can debate the merits or demerits of doing so-- what it does is fly in the face of his declaration that those making $250,000 or less/year would see their taxesa drop-- What the president is proposing and entertaining is the largest tax increase on the poor and middle class in the history of the US.

[JerryLove]

Originally Posted by nolidad

health, life and pension benefits have usually been tax free benefits for the employees. They were considered non taxable income or benefits. They want to change thisd and now tax them as income. In many cases that would amount to anemployee being taxed on $5-600 more income/month. While we can debate the merits or demerits of doing so-- what it does is fly in the face of his declaration that those making $250,000 or less/year would see their taxesa drop-- What the president is proposing and entertaining is the largest tax increase on the poor and middle class in the history of the US.

Two problems with your statement.

1) I'm pretty sure there's also a tax credit that offsets the tax. (this is part of what McCain was advocating)
2) Your taxes are the sum of all your taxes and cannot properly be judged by a single one.

[JerryLove]

Originally Posted by nolidad

1. Increase federal gas taxes, impacting the poor the most.

How do you figure that the poor use the most gas? Also, you don't seem to realize the reason the increase was put forward: because gas consumption (and so tax revenue) is down. Collecting the same amount as before isn't an increase.

2. Tax health benefits given by employers (charge them as income to the employee)

I discussed this above. Essentially every plan also has a tax credit that means most people will not see a rise in costs... only those with very expensive policies.

3. He got Rep. Pelosi to pass the cap and trade bill without it even being read by the house-- this will be the largest tax increase in the history of the country

Pelosi cannot pass a bill, it takes 51 senators and several hundred representatives.

4. He is considering a VAT- which will increase the cost of all goods sold- disproportionately affecting the poor as the greatest % of their income goesd to buy goods.

Don't know anything about this and am not going to look it up this moment, but considering your batting 0-3...