How long before the Repubs turn on Reagan

[ElNono]

Bigger government, bigger debt... Yeah, definitely no a tea pottier

[boutons_deux]

St Ronnie cut the capital gains tax (ie, tax mostly on the wealthy) from 25% to 15%, then raised taxes on earned income. Cutting capital gains also caused companies to move compensation from salary to stock options.

[Wild Cobra]

THERE THEY GO AGAIN

Because, I'm busy, too lazy, and couldn't put it better myself...


I notice this meme has kind of faded...even this thread had fallen to page 2. I guess someone schooled Obama on to what Reagan was actually proposing.

I think you forget Yoni, that most the people here are easily lied to about the past. They were not there. They believe what they want to hear, even when it's blatant lies.

[Wild Cobra]

Steven Hayward at Powerline and you, are both ing stupid. We have already been over this. The Buffett Rule is specific proposal to close the earned income tax loophole and does not seek to raise income tax rates on the rich.

Obama has ALSO proposed letting the Bush tax cuts expire for those making over $250k, but that is not the Buffett Rule. You inability to mange the most basic concepts is laughable.

I think you don't understand. I think most of us conservatives are for the "Buffet Rule," or something similar. Exactly what are the details anyway? We are dead set against raising tax rates, which means Obama's plan.

Here's something else. Raise taxes on short term capital gains, but leave them alone or even lower them on long term. I.e.... Get rid of the day traders, and bears.

[CosmicCowboy]

I think you don't understand. I think most of us conservatives are for the "Buffet Rule," or something similar. Exactly what are the details anyway? We are dead set against raising tax rates, which means Obama's plan.

Here's something else. Raise taxes on short term capital gains, but leave them alone or even lower them on long term. I.e.... Get rid of the day traders, and bears.

And the dividing issue is that congressional republicans are against closing loopholes too. Both sides of the aisle suck.

[FuzzyLumpkins]

I think you forget Yoni, that most the people here are easily lied to about the past. They were not there. They believe what they want to hear, even when it's blatant lies.

Why you bringing up the Bible?

[Wild Cobra]

St Ronnie cut the capital gains tax (ie, tax mostly on the wealthy) from 25% to 15%, then raised taxes on earned income. Cutting capital gains also caused companies to move compensation from salary to stock options.

Show me where he raised taxes on Earned Income. When he was done, there were two tax rates for 1040 series income filing. 15% and 28%.

[CosmicCowboy]

I'm for lowering tax rates and eliminating ALL deductions and credits. File your income tax in a one page form. Fire about 200,000 IRS employees.

[Wild Cobra]

And the dividing issue is that congressional republicans are against closing loopholes too. Both sides of the aisle suck.

True, but closing loopholes can pass.

[CosmicCowboy]

True, but closing loopholes can pass.

Not in this congress.

[CosmicCowboy]

But there is guilt on both sides. When Democrats talk about going back to the "old" tax rates they forget that a load of deductions were eliminated when tax rates were lowered. You youngsters wouldn't believe the we used to be able to deduct (like credit card interest). Going back to the "old" rates would essentially be an even higher tax rate.

[ElNono]

I agree loopholes are not passing, unless this whole Congress want to end their campaign financing.

[Yonivore]

Not in this congress.

I think Republicans have agreed, in principle, to the true "Buffet" rule so long as there are also deep spending cuts.

[ElNono]

I think Republicans have agreed, in principle, to the true "Buffet" rule so long as there are also deep spending cuts.

The "Buffet rule" isn't a loophole. smh

[Th'Pusher]

The "Buffet rule" isn't a loophole. smh

The buffett rule was developed to address the carried interest tax loophole:

http://www.newyorker.com/talk/financ...alk_surowiecki

[ElNono]

The buffett rule was developed to address the carried interest tax loophole:

http://www.newyorker.com/talk/financ...alk_surowiecki

I stand corrected. I thought they were talking about the 15% rate.