Obama still wanting to raise taxes on wealthy!

[mikep05]

Speaking of PUMPERS!!!What are you SELLING????OIC

[KANAGAROO]

They should tax the rich!! just like Warren Buffet said!!!

Great the top, what 54% of the population pays all of the taxes. The top 10%, I think pay 80% of the taxes.

So currently in the USA you have a choice be lazy and be in the bottom 46% or work and hopefully you will get more monatary benefit than the lazy. Our government policies have created the have and the have nots. The government inherantly has a lot of waste, that the private sector could help the unfortuate out and still make our country prosper.

is it the government job to redistribute the wealth. Should we change the way we were founded and just write our constitution that the poor must have housing, 2 color TVs, cell phones, computor, internet access, and have 1000 dollars a month to spend as they please?

Decisions Decesions

[machcobra]

Good, raise the tax on the wealthy, about time and while at it don't raise the tax on the wealthy, go to fair tax as we should, it works, rich or poor pays tax on what they buy, our choice? If the rich dude wants that new 30million Yacht he pays tax, if he want's to pay no tax, don't buy! How simple. None of the rich people want to talk fair tax, that is like the Plague. Out Country would bring in far more in taxes than they do now as they are now getting tax from every one that buys! What a NO BRAINER................

Obama: Raising taxes in a recession ‘last thing you want to do’

July 11, 2011

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In a 75-minute meeting Sunday night, President Obama once again demanded that more than $1 trillion in tax increases be part of any deficit reduction package attached to a vote on the debt ceiling. In the session, Obama rejected a Republican proposal to seek $2.5 trillion in spending cuts and reforms, and insisted on higher taxes on businesses and wealthy individuals.

It’s a curious position, given the anemic economic growth and rising unemployment. And it’s even more curious considering that Obama himself has warned about the deleterious effects of raising taxes in a struggling economy.

In August 2009, on a visit to Elkhart, Indiana to tout his stimulus plan, Obama sat down for an interview with NBC’s Chuck Todd, and was conveyed a simple request from Elkhart resident Scott Ferguson: “Explain how raising taxes on anyone during a deep recession is going to help with the economy.”

Obama agreed with Ferguson’s premise – raising taxes in a recession is a bad idea. “First of all, he’s right. Normally, you don’t raise taxes in a recession, which is why we haven’t and why we’ve instead cut taxes. So I guess what I’d say to Scott is – his economics are right. You don’t raise taxes in a recession. We haven’t raised taxes in a recession.”

[KANAGAROO]

Good, raise the tax on the wealthy, about time and while at it don't raise the tax on the wealthy, go to fair tax as we should, it works, rich or poor pays tax on what they buy, our choice? If the rich dude wants that new 30million Yacht he pays tax, if he want's to pay no tax, don't buy! How simple. None of the rich people want to talk fair tax, that is like the Plague. Out Country would bring in far more in taxes than they do now as they are now getting tax from every one that buys! What a NO BRAINER................

Fantastic!

I agree lets have a flat tax on purchases of 15%.

This is great. The underground economy will pay lots in taxes, that they do not pay now. The rich will pay a lot in taxes still. Corporations will not be able to make 5 billion dollars and not pay taxes.

Bring it on please.