True or False: HILLARY and OBAMA would take away the ';Bush TAX CUT'; for those making less than .25 million

Another wat to phrase it:





IF YOU MAKE LESS THAN 250K/YEAR THE PLANS SUBMITTED BY HILLARY AND OBAMA WOULD RAISE YOUR TAXES, TRUE OR FALSE?True or False: HILLARY and OBAMA would take away the ';Bush TAX CUT'; for those making less than .25 million
False - Hillary is allowing the tax cuts to expire for those OVER 250k - not those under.True or False: HILLARY and OBAMA would take away the ';Bush TAX CUT'; for those making less than .25 million
You need to read that plan again.
In the longer run--False.
True
true





both Hillary and Obama support allowing the Bush tax cuts to expire for everyone -- rich, poor, and middle class.





The Bush tax cuts eliminated all income taxes for millions of poorer tax filers -- some of whom became eligible to receive money back in the form of refundable credits when they'd previously been paying taxes.





***


it seems that both Obama and Hillary need the added revenue in order to pay for their health care for everyone plans.
TRUE!! She and he have already said that they repeal them immediately.





Romney will make them permanent.
Absolutely, there hasn't been two tax and spend liberals like these two running for office since LBJ. They would take the ';Great Society'; and take it up another level with socialized medicine for all.





In theory, I would love to cover everyone, but in practice it has failed everywhere it has been tried. Just ask the doctors bailing out of the British system right now and going to private insurance only.





Also, read this link, if you are thinking about voting for Hillary.





http://www.dickmorris.com/blog/?page_id=…
false





republicans are bad people.





They eat puppies for fun.
So it's not OK to discriminate based on skin color or gender, but it is OK to discriminate based on income?


Here's an idea: since we are all equally citizens, shouldn't the government treat us equally, regardless of income? I didn't know ';rich'; people were 2nd class citizens and that it was OK to treat them differently.


What's with all the bigotry and class warfare? What difference does it make if I make $1 per year, or $1,000,000 per year? I'm still an American and deserve to be treated the same as everyone else.





And yes, if any of the Socialists (Hillary and Obama) get elected, it's bad for all of us. After all, if the people making over $250K (the people that own businesses) have higher costs (taxes), they will raise prices, so the higher taxes just get passed on to the consumers (people making less than $250K). Surprisingly, some of us actually managed to stay awake in Economics 101.
I have only heard them say they want to repeal the Bush tax cuts. I havent either of them specify that only some of the tax cuts would be repealed under their proposed plans.


All tax payers got tax cuts under the Bush administration. So it would up the taxes for anyone who paid taxes if the tax cuts were repealed across the board.





I made about 47k last year and my tax liability is over 1300 dollars less than it would be under the tax structure of 2000 pre Bush tax cut plan.





And there is not currently a tax bracket change at 250k, its at 350k is where the top tax bracket starts.
True, but if elected, they are going to raise every one's taxes, and they will protect their corporate buddies and lobbyist.


The economy is in a downturn right now with some saying we are headed for or in a recession and others saying that things will be better by the third quarter of the year. The White House and Congress have drafted a plan to stimulate the economy, a package that has rare bipartisan support. The problem with the package is that it is a redistribution of wealth.





The plan calls for rebate checks for people who did not earn enough money to pay income taxes and caps the rebates at income levels of $75,000 for single taxpayers and $150,000 for married taxpayers. The rebates completely phase out at $87,000 and $174,000 respectively. The word rebate in this plan is misleading because a rebate is the return of something a person has paid. When one buys a camera with a rebate then part of what the person paid is sent back. If the economic plan were applied to the business world then one person would buy the camera and the company would send the rebate to a person who did not buy one.





The Democrats are not completely on board with the plan because it does not include more benefits (such as unemployment) along with the redistribution of wealth from those who pay the taxes to those who do not. In other words, they like it but feel it has enough socialism built into it.





The government likes this plan because it will put money in the hands of people who are likely to spend it. If they gave the money back to the people who actually paid it then about 70% would be invested. Instead, the money will go to those who will run right out and spend it instead of putting some of it away for the future. The plan is short term as well as short sighted and since the government is slow with these kinds of things the money is likely to hit people’s hands about the time the economy starts to get better (depending on what economists one listens to). Additionally, this plan will do absolutely nothing to fix the part of the economy that is causing most of the problems, the housing crunch.





I know one thing that can end with this so called rebate and that is the mantra that our tax policies only help the rich. In this case, the rich are sending their money to the poor. There are some who will say that we are borrowing the money (which increases the deficit) so it is not coming from the rich. In reality, the government will have to get the money from some place and that place is from those who pay taxes.





If we want to stimulate the economy how about we cut taxes across the board so people will have more of their income to spend? How about we make other countries pay tariffs on the items they export to our country. How about we force our elected leaders to limit spending and force them to balance the budget? How about we force them to stop adding pork to bills and end the earmark practice? We could start drilling for our own oil and drive the costs down?





Of course these things are unlikely to happen because our elected officials are short sighted. The only reason they came up with this plan is because it is an election year and they all want to be able to say they helped the poor. While they like to pretend there are enough rich to tax into oblivion, they realize that the middle class and poor make up the lion’s share of our population. They will have far more votes than those who will foot the bill.





Socialism is the way of the left and they will certainly expand upon it should a Democrat be elected to the White House and the Republicans are so fragmented they are going along with it.





Yes, the “rebate” is socialism and pandering for votes.
False, if you make more than 250,000 if will be taken away.


That is not very many people.
TRUE, she will raise all taxes to fund the';ideas that America can not afford';.
True, I make far less than $250K and have benefited greatly by the tax cuts. There are numerous tax cuts due to expire in 2010, including some of the tax benefits of Coverdell and 529 savings plans. This is just a small example of some of the cuts that benefits those of us who make less than .25mil.
i could careless we make double that amount
False
Make no mistake, if the democrats get elected, and they will, taxes will go up. Why can't we be socially and globally minded and at the same time fiscally responsible. Can we merge parts of both parties? Trust me, taxes will be raised.