Assuming Democrats take control of the House, what will they do about taxes. My guess is they will let the Bushtax cuts expire. Then they will offer a new round of tax cuts aimed at the middle class. The top 10% of wage earners will probably be taxed at the ...
10-19-2006, 09:42 AM
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| Noob 
| What will Dems do with taxes Assuming Democrats take control of the House, what will they do about taxes. My guess is they will let the Bushtax cuts expire. Then they will offer a new round of tax cuts aimed at the middle class. The top 10% of wage earners will probably be taxed at the pre-Bush rates. Of course the Republicans will oppose this and caall it a tax increase. I see the final result as being something that keeps the 10% bracket and maybe expands the amount of income it applies to and a round of targeted tax cuts that would go towards the middle class, such as child care tax creditsand tuition tax credits. What do you think? | ||||
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10-19-2006, 09:59 AM
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| ipsa Scientia Potestas est  Pragmatist North Carolina
| I think that's probably a good asssessment of what they'd like to do, but the real question is whether or not Bush would veto such a plan. I think he would, honestly. I doubt there would be enough support of such a bill to override the veto, but maybe I'm wrong. Welcome to the forum  | ||||
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10-19-2006, 10:02 AM
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| Never, never, never give up  Conservative Party High Point, NC
| I don't see democrats lowering taxes on anyone. And letting the Bush tax cuts expire IS a tax increase for the people it affects. | ||||
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10-19-2006, 10:03 AM
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| Administrator  libertarian Oklahoma
| Originally Posted by bringbackbill It is a tax increase if tax cuts expire 
 I've never understood that thinking. If tax cuts go away then that is clearly a tax increase. Democrats will raise taxes I have no doubt about it. However theparty isn't unified on who will pay this extra tax bill. Bush's tax cuts were aimed at everyone and EVERYONE got a tax cut so this notion that taxes weren't cut for the middle class is nothing more than stinky pooh. Welcome to the board | ||||
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10-19-2006, 10:09 AM
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| Dirty Liberal  Democrat South Jersey
| I honestly don't know. Tax cuts are always popular no matter who you are. I don't think they could simply let the cuts expire without enacting some other sort of tax cut. If the Dems took over congress and immediately raised taxes, I think in another 2 years they would be voted back out again. | ||||
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10-19-2006, 10:10 AM
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| Banned  Conservative Government is another way to say Better Than You
| Originally Posted by bringbackbill I agree, they will let the Bush cuts expire, but I doubt they will offer the middle class any cuts. In fact, they will likely increase taxes even higher, using the 'Bush spending' as an excuse to raise taxes to levels higher than before the Bush tax cuts. They will then attempt to increase funding in education (doesn't work anyway), healthcare, and entitlement programs. Their spending will be just as out of control as Bush's, except we will be taxed out the ass, and they will have justified their actions to the American people somehow.
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10-19-2006, 10:16 AM
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| Dirty Liberal Democrat South Jersey
| Originally Posted by ballz2wallz I don't think it will be like that. They know what's good for them. IF they don't want to get voted right back out again they will do something with tax cuts.
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10-19-2006, 10:18 AM
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| Banned Conservative Government is another way to say Better Than You
| Originally Posted by WickedLou9 Have Democrats ever been for tax cuts? If this is the case, the Republicans and Democrats are doing the ole switcharoo.
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10-19-2006, 10:20 AM
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| Dirty Liberal Democrat South Jersey
| Originally Posted by ballz2wallz Yes. But they are generally targeted at the lower and middle classes whereas the GOP tax cuts are typically one size fits all without regard to where the cuts are really needed.
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10-19-2006, 10:24 AM
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| Banned Conservative Government is another way to say Better Than You
| Originally Posted by WickedLou9 Tax cuts should be for all
People aren't any more 'special' than others; we're all citizens here. | ||||
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10-19-2006, 10:29 AM
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| Dirty Liberal Democrat South Jersey
| Originally Posted by ballz2wallz That is a fundamental difference between our viewpoints. I don't think that we should give tax cuts to people who earn 200k a year. They don't need it and it won't help them. I am of the opinion that with a national debt as big as ours and a deficit as big as ours, it is iresponsible to give tax cuts to people who don't need them. But we both know full well we aren't going to convince each other to come over to the other side on this one.
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10-19-2006, 10:31 AM
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| Banned Conservative Government is another way to say Better Than You
| Originally Posted by WickedLou9 Principle goes beyond 'needs' and 'wants'. I'm a man of principle.
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10-19-2006, 10:33 AM
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| Dirty Liberal Democrat South Jersey
| Originally Posted by ballz2wallz When it comes to this, we have different principles.
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10-19-2006, 10:35 AM
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| helluo librorum The Lab Moderator  Humanist Chicago Suburbs
| I'm not sure anyone knows for sure right now. There are so many different ideas in the party on what to do. I have the feeling they will let the tax cuts expire or repeal them, but only for people who earn over a certain amount. This no tax and spend situation going on can't last and honestly, I think voters have bigger concerns than taxes right now. | ||||
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10-19-2006, 10:38 AM
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| Banned Conservative Government is another way to say Better Than You
| Why can't they just fix the spending part of it and leave the taxes/economy alone? | ||||
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10-19-2006, 10:48 AM
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| helluo librorum The Lab Moderator Humanist Chicago Suburbs
| Originally Posted by ballz2wallz
 That never seems to be anyones solution once they get into office, does it? | ||||
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10-19-2006, 10:51 AM
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| Dirty Liberal Democrat South Jersey
| Originally Posted by ballz2wallz Figuring out where to cut spending is just as hard as where to cut taxes.
No matter where you cut spending someone is going to be pissed. | ||||
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10-19-2006, 10:53 AM
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| I'm your huckleberry!  Independent Ohio
| Originally Posted by Scrumtralecent I believe there was a time in history when we did spend within our means and even pay down the national debt. And I think it was the "tax and spend" democrats that did it, not the "fiscally conservative republicans" if memory serves......
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10-19-2006, 10:56 AM
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| Master Debator Election Moderator  Democrat Omaha, NE
| Originally Posted by ballz2wallz It was your boys who passed a highway bill with more than 6000 pet projects. Part of that bill is a multi-million dollar indoor rainforest for Iowa and it is seriously in the middle of no where. Both parties have a problem with spending, the difference is the democrats try to do it without putting it on credit.
As far as their tax plan they will come up with their own that keeps anyone earning less than 200k where they are today. Those earning 200k or more will go to clinton era levels. | ||||
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10-19-2006, 11:09 AM
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| Master Debator Election Moderator Democrat Omaha, NE
| Originally Posted by WickedLou9 I am sure there are a lot of programs that, if restructured to run more efficient, would save tons of money and provide the same level of service. They also need to restructure some programs to prevent abuse and corruption. I am sure they could save billions on that kind of thing alone.
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