Biden - We want to raise taxes 1 TRILLION dollars!
POSTED BY: AURaptor
UPDATED: Saturday, July 27, 2024 16:07
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Biden acknowledges he, Obama want to raise $1 trillion in taxes on top earners.
For everyone who claims the Obama administration wants a $1 trillion tax hike, Joe Biden has a message: Yes, we do.
The vice president was referring Thursday to the Democrats' pledge to let the Bush-era tax rates for households making $250,000 and up expire at the end of the year, while maintaining current rates for other Americans. Republicans have called for maintaining the current rates for all Americans.
The call for a tax hike on top earners was hardly new, but Biden's characteristic bluntness gave Republicans fresh fodder to criticize the Democratic ticket just days after the vice president said the middle class has been buried during the past four years.
"On top of the trillions of dollars in spending that we have already cut, we're going to ask the wealthy to pay more. My heart breaks. Come on man," Biden said, during a stop in the battleground state of Iowa.
Biden said Romney and other Republicans often say "'Obama and Biden want to raise taxes by a trillion dollars.' Guess what? Yes, we do in one regard: We want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all that money going to the super-wealthy. That's not a tax raise. That's called fairness where I come from."
Mitt Romney's running mate pounced on the quote at a campaign stop Thursday night in Virginia.
"What we don’t need is a trillion-dollar tax increase," Ryan said. "What we don’t need is a tax increase on our successful job creators that will cost us 700,000 jobs in just two years."
Ryan Williams, a spokesman for Romney, said Biden's comment revealed an uncomfortable truth for Democrats.
"Fresh off admitting that America's middle class has been `buried' over the last four years, Vice President Biden went a step further today and fully embraced the president's job-killing tax increases. The choice facing Americans in this election gets clearer every day," Williams said.
Just Tuesday, Biden said that middle class has been "buried" during the past four years, a statement that Republicans immediately seized upon as an unwitting indictment of the Obama administration. It is all part of a pattern in which Republicans have characterized the former U.S. senator as a gaffe-prone liability for Obama on the campaign trail, trying to undermine his role as a vocal, effective surrogate.
The Associated Press contributed to this report
http://www.foxnews.com/politics/2012/10/04/biden-acknowledges-obama-wa
nt-to-raise-1t-in-taxes-on-wealthy/#ixzz28WLGwyfu
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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When those mythical so-called "job creators" were paying higher tax rates, there were many more jobs created.
"I supported Bush in 2000 and 2004 and intellegence [sic] had very little to do with that decision." - Hero
"I was wrong" - Hero, 2012
Mitt Romney, introducing his running mate: "Join me in welcoming the next President of the United States, Paul Ryan!"
Rappy's response? "You're lying, gullible ( believing in some BS you heard on msnbc ) or hard of hearing."
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"...tax increase on our successful job creators that will cost us 700,000 jobs in just two years". I'd need facts and figures to show a tax increase on the ultra-wealthy would cost us jobs, first off.
What Biden was talking about was taking away tax breaks from the rich; letting the Bush Cuts expire for them. In which case he's not talking about "raising" their taxes, he's talking about AVOIDING the cost to the country of continuing to give them the tax cut which was supposed to expire anyway. Those aren't new taxes.
Secondly, I have no problem with taxing the ultra-rich; calling them "job creators" is dog whistle that's been utilized for ages to make them seem more worthwhile and it's bullshit in reality.
Romney and Ryan will have to produce verifiable facts and figures on ANYTHING they say from this point forward to convince me they're not lying. Given their record thus far, it is patently obviously they've decided on the tactic of saying anything, any time, that will encourage their base, and they have no desire whatsoever to be factual. They've already stated plainly that they're "not going to let our candidacy be run by fact checkers", and have been shown to lie consistently, so why sould I buy one word they say?
""a tax hike on top earners", "gave Republicans fresh fodder to criticize", "pounced on the quote at a campaign stop". They're characterizing letting the Bush tax cuts expire as "a tax hike". Bullshit. It's old news made new again. Nothing new whatsoever in this, it's just more twisting of facts to make what Biden said seem like other than it is.
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Quote:
Originally posted by Kwicko:
When those mythical so-called "job creators" were paying higher tax rates, there were many more jobs created.
So, you think that is the sole reason for how the economy works ?
No wonder you're an idiot.
Our govt has outspent our tax revenue. That's the point you should focus on, NOT blaming the citizens for trying to live free and pursue their dreams.
Highest corp. tax rate in the world. How's that workin' out for us ?
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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Quote:
Originally posted by AURaptor:
Highest corp. tax rate in the world. How's that workin' out for us ?
And if you think THAT is the sole reason for how the economy works, you're a bigger idiot than anyone here has previously thought.
You realize that we actually don't have the highest effective corporate tax rate in the world, right?
"I supported Bush in 2000 and 2004 and intellegence [sic] had very little to do with that decision." - Hero
"I was wrong" - Hero, 2012
Mitt Romney, introducing his running mate: "Join me in welcoming the next President of the United States, Paul Ryan!"
Rappy's response? "You're lying, gullible ( believing in some BS you heard on msnbc ) or hard of hearing."
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Yes, we do, but that's only part of the problem.
Quote:
U.S. corporate tax rate: No. 1 in the world
By Chris Isidore @CNNMoney March 27, 2012: 1:44 PM ET
NEW YORK (CNNMoney) -- On Sunday, the United States gets a distinction no nation wants -- the world's highest corporate tax rate.
Japan, which currently has the highest rate in the world -- a 39.8% rate on business income between national and local taxes -- cuts its rate to 36.8% as of April 1. The U.S. rate stands at 39.2% when both federal and state rates are included.
Allowing the people to keep more of the $ they earned is NOT what got us into this mess. And govt taking more of our money won't get us out of this mess either.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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The effective corporate tax rate for the U.S. is actually 27.1%, but you prefer to overlook that. How very convenient.
Also, quite a few companies pay nothing at all.
So saying that we have the "highest" tax rate is like saying that Mittens is in the highest tax bracket. It *sounds* good, but it's just not true when you get right down to it.
"I supported Bush in 2000 and 2004 and intellegence [sic] had very little to do with that decision." - Hero
"I was wrong" - Hero, 2012
Mitt Romney, introducing his running mate: "Join me in welcoming the next President of the United States, Paul Ryan!"
Rappy's response? "You're lying, gullible ( believing in some BS you heard on msnbc ) or hard of hearing."
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by Kwicko:
The effective corporate tax rate for the U.S. is actually 27.1%, but you prefer to overlook that. How very convenient.
Tell it to the CNN Money folks.
Quote:
Also, quite a few companies pay nothing at all.
So saying that we have the "highest" tax rate is like saying that Mittens is in the highest tax bracket. I *sounds* good, but it's just not true when you get right down to it.
Uh - huh,riiight.
lol.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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Crazy Joe's best recent campaign line was when he finally told a truth and said the middles class has been "buried" for the last four years. He really punched Obama in the gut on dat one. Love The Drake!
Hmmm, better than Reuben's.
..One more.
Ben!
..My last one.
Okay.
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Quote:
Originally posted by AURaptor:
Allowing the people to keep more of the $ they earned is NOT what got us into this mess. And govt taking more of our money won't get us out of this mess either.
As far as the budge deficit, yes it was part of it and yes it can be part of the solution. It's called math!
I do not fear God, I fear the ignorance of man.
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