Far too simple to fly, but I think it is a great idea! Oh, but what about all of those programs that we “need” the government to run for us? What are they again?
SoCal Chris
16 years ago
Love it!! It’s great to get these ideas out there…at least it might make some loyal Obama folks think twice about how where their tax dollars are going in this bill, and realize they can spend their own money better than the government can!
marbleblaster
16 years ago
It’s a great Idea, but then we wouldn’t get that $2,000,000 ice skating rink in minnesota! 😉
Frank Garza
16 years ago
This makes the most sense!
How can we push this to Congress?
Can we publicize this more?
Timothy
16 years ago
But then the “coalitions of the poor” would shreek. Since they don’t pay taxes, they wouldn’t benefit. They would demand a handout and Obama is their man to take from the “rich” and give to the poor. They would agree with the opposite view that gov’t would spend the money better.
We’re getting to a point where more and more receive gov’t assitance. At this rate, a majority voting block would vote for the Dem’s year after year.
This may sound super simplistic and idealistic, but if jobs are created from a substantial tax cut, then those on government assistance should be required to take advantage of those newly available jobs, or go to a job training program initially perhaps, slowly creating less of a dependence on welfare, etc. The positive effect is people feel better about themselves as well when they make their own way in life.
This may be more easily attainable when Republicans take control of Congress in 2010, but a worthy goal nonetheless. 😉
Timothy;
Withe the WH taking over Census so they can redraw dristict lines, and with ACORN padding the voter registration rolls with multiple registrations and registering non existent people. after 2010 there will be only one party in the US. The Communist Party.
Cutting taxes without cutting spending never works. It makes things worse. It increases public debt no less than increasing public spending increases debt. Both are generational theft. But which is worse?
The girl in the video proposes $800 billion in tax cuts as opposed to $300 billion in tax cuts and $500 billion in spending.
Roads do need to be repaired. Florida GOP governor Charlie Crist says that Florida’s $1.2 billion share of the highway construction money will generate 20,000 very good jobs for Floridians, while building roads and repairing cracking roads and corroding bridges.
Tax cuts are used by the middle class to pay down personal credit card debt and buy Chinese-made products. Tax cuts are used by the wealthy to invest in secondary markets, from equities to securities to real estate. None of the above create many jobs. They would, however, be good things, if the money used to finance the tax cuts weren’t borrowed money, to be paid back by our children.
Should our children’s money be used to improve the life style of their parents or should it be used to build infrastructure and to pay for their own educations?
Definitely a lovely lady, but if I were her, I’d drop the “part economist” bit…. Obviously, she has never employed anyone in her life, and is unfamiliar with employer responsibility in taxes.
The withholding tax she is generically talking about to these Obama supporters… i.e. the fed income tax (plus state income tax, depending on where you are), Social Security and Medicare taxes are only part of the FICA taxes owed/paid to the feds. What they don’t see is what the employer is on the hook for…
ie… over an “x” amount salary yearly, 15.3% or so (depending on how many dependents you claim) of your wages is for these FICA taxes. Most of the time, the employee is paying half of it, the employer pays the other half with his “matching” to complete the full FICA amount. In some rare instances, the employer may pay all of it, or the employee may pay all of it. But splitting it is the most common business practice.
So what this very lovely bozo head is suggesting is that the “government” not require these taxes come out. Fine and good. But “the government” isn’t going to give that cash up.
What they will do is increase that cost of what the employee doesn’t pay, and make the employer pay it all. They’ll get it from someone’s hide… the choice is which hide? Taking it all out of the employer is no different than a tax hike on businesses of all sizes. And I think we all know how smart that is to an economy…
All in all, taking *less* of these withholding/FICA taxes (from either/or/both employer and employee) is ideal But it requires… as Larry said… a fiscally prudent Congress.
I think that, as this past week… no year… no decade… hang make that half century… demonstrates, there hasn’t been a fiscally prudent Congress in our lifetime.
Nice try… but embarrassingly stupid.
But, on the positive side, it does show that most people actually support more money in their pay checks… i.e. a genuine tax cut. Unfortunately, most people do not realize that their employer is on the hook for half of these taxes on top of paying them.
liam
16 years ago
so tell me again… what programs have the government actually been successful in running? Oh that’s right… maybe the post office.
Far too simple to fly, but I think it is a great idea! Oh, but what about all of those programs that we “need” the government to run for us? What are they again?
Love it!! It’s great to get these ideas out there…at least it might make some loyal Obama folks think twice about how where their tax dollars are going in this bill, and realize they can spend their own money better than the government can!
It’s a great Idea, but then we wouldn’t get that $2,000,000 ice skating rink in minnesota! 😉
This makes the most sense!
How can we push this to Congress?
Can we publicize this more?
But then the “coalitions of the poor” would shreek. Since they don’t pay taxes, they wouldn’t benefit. They would demand a handout and Obama is their man to take from the “rich” and give to the poor. They would agree with the opposite view that gov’t would spend the money better.
We’re getting to a point where more and more receive gov’t assitance. At this rate, a majority voting block would vote for the Dem’s year after year.
@Timothy:
This may sound super simplistic and idealistic, but if jobs are created from a substantial tax cut, then those on government assistance should be required to take advantage of those newly available jobs, or go to a job training program initially perhaps, slowly creating less of a dependence on welfare, etc. The positive effect is people feel better about themselves as well when they make their own way in life.
This may be more easily attainable when Republicans take control of Congress in 2010, but a worthy goal nonetheless. 😉
Timothy;
Withe the WH taking over Census so they can redraw dristict lines, and with ACORN padding the voter registration rolls with multiple registrations and registering non existent people. after 2010 there will be only one party in the US. The Communist Party.
I think I am in love. Brains and Beauty.
Beautiful girl. Beautiful theory. Ugly fact.
Cutting taxes without cutting spending never works. It makes things worse. It increases public debt no less than increasing public spending increases debt. Both are generational theft. But which is worse?
The girl in the video proposes $800 billion in tax cuts as opposed to $300 billion in tax cuts and $500 billion in spending.
Roads do need to be repaired. Florida GOP governor Charlie Crist says that Florida’s $1.2 billion share of the highway construction money will generate 20,000 very good jobs for Floridians, while building roads and repairing cracking roads and corroding bridges.
Tax cuts are used by the middle class to pay down personal credit card debt and buy Chinese-made products. Tax cuts are used by the wealthy to invest in secondary markets, from equities to securities to real estate. None of the above create many jobs. They would, however, be good things, if the money used to finance the tax cuts weren’t borrowed money, to be paid back by our children.
Should our children’s money be used to improve the life style of their parents or should it be used to build infrastructure and to pay for their own educations?
And so on, line by line down the stimulus bill.
– Larry Weisenthal/Huntington Beach, CA
Definitely a lovely lady, but if I were her, I’d drop the “part economist” bit…. Obviously, she has never employed anyone in her life, and is unfamiliar with employer responsibility in taxes.
The withholding tax she is generically talking about to these Obama supporters… i.e. the fed income tax (plus state income tax, depending on where you are), Social Security and Medicare taxes are only part of the FICA taxes owed/paid to the feds. What they don’t see is what the employer is on the hook for…
ie… over an “x” amount salary yearly, 15.3% or so (depending on how many dependents you claim) of your wages is for these FICA taxes. Most of the time, the employee is paying half of it, the employer pays the other half with his “matching” to complete the full FICA amount. In some rare instances, the employer may pay all of it, or the employee may pay all of it. But splitting it is the most common business practice.
So what this very lovely bozo head is suggesting is that the “government” not require these taxes come out. Fine and good. But “the government” isn’t going to give that cash up.
What they will do is increase that cost of what the employee doesn’t pay, and make the employer pay it all. They’ll get it from someone’s hide… the choice is which hide? Taking it all out of the employer is no different than a tax hike on businesses of all sizes. And I think we all know how smart that is to an economy…
All in all, taking *less* of these withholding/FICA taxes (from either/or/both employer and employee) is ideal But it requires… as Larry said… a fiscally prudent Congress.
I think that, as this past week… no year… no decade… hang make that half century… demonstrates, there hasn’t been a fiscally prudent Congress in our lifetime.
Nice try… but embarrassingly stupid.
But, on the positive side, it does show that most people actually support more money in their pay checks… i.e. a genuine tax cut. Unfortunately, most people do not realize that their employer is on the hook for half of these taxes on top of paying them.
so tell me again… what programs have the government actually been successful in running? Oh that’s right… maybe the post office.