Author Topic: Senate Democrats to scrap Obama's $400 tax credit  (Read 3470 times)

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Offline TheSarge

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Senate Democrats to scrap Obama's $400 tax credit
« on: March 25, 2009, 02:15:29 PM »


WASHINGTON (AP) - A top Democrat in the Senate announced a budget blueprint Tuesday that would scrap Barack Obama's signature tax cut after 2010 and blends sleight of hand with modest restraint on domestic programs to cut the deficit to sustainable levels.
Senate Budget Committee Chairman Kent Conrad, D-N.D., promises to reduce the deficit from a projected $1.7 trillion this year to a still-high $508 billion in 2014. But to do so, he assumes Congress will let Obama's "Making Work Pay" tax credit delivering $400 tax cuts to most workers and $800 to couples will expire at the end of next year. Those tax cuts were included in Obama's stimulus package.

Conrad, D-N.D., who has for decades sought to highlight the dangers of permanent deficits and rising government debt, produced a budget plan bristling with both—even after proposing to require wealthier taxpayers to pay higher rates income and capital gains.

But Democrats point out that Obama inherited an unprecedented fiscal mess caused by the recession and the taxpayer-financed bailout of Wall St. Rather than retrenching, however, they still promise to award big budget increases to education and clean energy programs, while assuming Obama's plans to overhaul the U.S. health care system advance.

http://www.breitbart.com/article.php?id=D974NJAO0&show_article=1
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Offline Texacon

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #1 on: March 25, 2009, 02:31:02 PM »
This ought to make the freeloaders at the DUmp who thought they were going to be given money from the 'rich' heads explode.

Love it.

They probably already had that money spent.  Then that evil corporate loving GW BUs...... WAIT A MINUTE .....

 :-)

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Offline DixieBelle

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #2 on: March 25, 2009, 02:41:57 PM »
Ah, the old shell game.

DUmmies squealed when the bush budget was less than 2% (i think) off but McHopey Thumpster is way off and isn't even trying to hide it now....Oy.
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Offline Chris_

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #3 on: March 25, 2009, 02:43:04 PM »
My liberal employer has been excitedly reminding us this week to check our paycheck stubs because we will see President Obama's tax cut in there.

So I did. I have an extra $20. I just hope I don't spend it all in one place.  :whatever:
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Offline Karin

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #4 on: March 25, 2009, 02:57:42 PM »
jendf, as I understand it, they're going to tax you on that next year. 

I feel bad for you with a liberal employer.  My job is with a family-owned company, and they are all conservative Catholic people.  It's a very nice place to work; I can't imagine working for a moonbat. 

Offline Chris_

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #5 on: March 25, 2009, 04:35:31 PM »
jendf, as I understand it, they're going to tax you on that next year. 

I feel bad for you with a liberal employer.  My job is with a family-owned company, and they are all conservative Catholic people.  It's a very nice place to work; I can't imagine working for a moonbat. 

Were it not for conservative havens like this site, I might go insane. I'm surrounded by a lot of moonbats. I bite my tongue so much, I'm surprised it's still attached.
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Offline Crazy Horse

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #6 on: March 25, 2009, 07:09:42 PM »
Were it not for conservative havens like this site, I might go insane. I'm surrounded by a lot of moonbats. I bite my tongue so much, I'm surprised it's still attached.

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Offline NHSparky

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #7 on: March 26, 2009, 06:56:18 AM »
Then while here you will meet a Nor east yankee from hell.................The one's that moved here to escape the taxes and other things and fight daily to make us just like the nor' east

Not all of us are like that, thanks very much.
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Offline Chris_

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #8 on: March 26, 2009, 07:38:23 AM »
Not all of us are like that, thanks very much.
Y'all talk funny too.   :tongue:
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Offline NHSparky

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #9 on: March 26, 2009, 07:48:31 AM »
Y'all talk funny too.   :tongue:

I keep hearing that, considering I'm not a native New Englander.  I guess the giveaway was when I didn't use "wicked" every other word.

And jenf?  Ask your liberal employer if he'll keep the tax cuts in there when 1--they go away, 2--the Bush tax cuts expire.  And remind him that some of us are too "rich" to get that tax cut.
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Offline ironhorsedriver

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #10 on: March 26, 2009, 07:52:52 AM »
It's mind boggling that Obama and the Dem's keep bringing up the mess they inherited, usually in the same speech where they are going to quadruple what ever they inherited.

Offline SSG Snuggle Bunny

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #11 on: March 26, 2009, 08:19:24 AM »
Not to sound conspiratorially minded...

...BUT...

...the dems aren't even trying to hide the fact they're breaking every promise they campaigned on while doing everything they can to piss-off the American people.

I presume they want to be re-elected.

Are they A) oblivious to public sentiment or B) planning to forego elections and thus don't care what people think because they are entrenching themselves like the bloodsucking ticks they are and elections are so-o-o-o last Tuesday.
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Offline NHSparky

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #12 on: March 26, 2009, 08:22:41 AM »
It's mind boggling that Obama and the Dem's keep bringing up the mess they inherited, usually in the same speech where they are going to quadruple what ever they inherited.

"Never waste a good crisis."  --Hillary Clinton

Especially when you can use it to further your agenda.

Seems she's learned the Obama mantra.

And looks like Jonah Goldberg noticed as well:

LINK
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Offline NHSparky

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #13 on: March 26, 2009, 08:34:34 AM »
Not to sound conspiratorially minded...

...BUT...

...the dems aren't even trying to hide the fact they're breaking every promise they campaigned on while doing everything they can to piss-off the American people.

I presume they want to be re-elected.

Are they A) oblivious to public sentiment or B) planning to forego elections and thus don't care what people think because they are entrenching themselves like the bloodsucking ticks they are and elections are so-o-o-o last Tuesday.

Actually, they're not dumb.  Not by half.  Or rather, they know that half of the people--namely those that benefit most from big government, will vote for them regardless.  Even in the November elections, if you break down the vote by income level, it's very, very close in every income bracket save one: the under $50,000 income bracket, where Obama won 60-38.

LINK

Break it down further, and you'll see the lower the income, the more likely one was to vote for Obama.  Above 50K/yr, the only income bracket which had more than a 2-3 percent differential was in the 200K+ bracket, which surprisingly went for Obama 52-46, almost the same as the popular vote.

The Democrats are well aware of the fact that the people who will vote for them will not be hurt by the explosion of government.  Rather, it's the DU-types with their hands outstretched who will religiously pull the "D" lever each and every time for their "free" government programs (well, free because THEY aren't paying for them), never realizing they in fact are the ones responsible for selling not only themselves but their progeny for countless generations into a servitude which guarantees only the most basic of existences.  Hope?  Hardly--they voted to kill hope in November, and the Dems know they can count on those votes, feeding them just enough crumbs to keep them voting the same way, like rats in a maze, giving them token rewards for doing what they were trained to do.
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Offline Tess

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #14 on: March 26, 2009, 10:34:03 AM »
Are we surprised?  He has flip-flopped on all his other campaign promises.   :lmao:  He is getting backlash from the supposed "rich" who are sick and tired of being told we have to pay for everyone else's freeloading.  And it was OBVIOUS from his primetime show that the tax cuts wouldn't be in there.

Now all the po' folk can complain that they aren't going to get their ponies either.  There's the equality we have been told about, right?  LOL  Now no one gets the pony.  That's fair.  :lmao:
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Offline Tess Anderson

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #15 on: March 26, 2009, 11:38:41 AM »
So the "tax cuts for 95% of all working Americans" idea is on its way out? Bet the tax increases for the 100% are still in . . .

Offline DumbAss Tanker

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #16 on: March 26, 2009, 11:40:36 AM »
It's mind boggling that Obama and the Dem's keep bringing up the mess they inherited, usually in the same speech where they are going to quadruple what ever they inherited.

I'm getting pretty tired of that line too, I hope someone with a mike will get tired of it enough to ask him "Well, if you're not up to dealing with it, why did you run?"
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Offline Eupher

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Re: Senate Democrats to scrap Obama's $400 tax credit
« Reply #17 on: March 26, 2009, 02:18:41 PM »
Whining is a lib tradition. It's easier to whine about problems and perceived roadblocks than it is to fix 'em.

Problem is, their "fix" isn't a fix at all, but that's for another thread.
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