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Old May 09, 2011, 08:13 PM
Bagpipes spoken here
Pipemajor's Avatar
United States, MN, St Paul
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What Would Reagan Have Done?

Did the only logical thing... RAISED TAXES!!!!

Excerpts from the article...
Quote:
While many commentators have focused on President George H.W. Bush and his infamous decision to raise taxes in 1990, an equally important, though often neglected, example is President Ronald Reagan, who agreed to raise taxes in 1982, 1983, and 1986. If Republicans want to seriously tackle deficit reduction, they will have to remember Reagan's full legacy -- not simply his decision to cut income taxes in 1981.
Quote:
As governor of California, Reagan had agreed to the largest tax increase in the state's history to deal with the $200 million deficit.
Quote:
Many of today's Republicans are proving to be much more ideologically rigid than their icon Ronald Reagan. Norquist is castigating and isolating a staunch conservative for saying what is rather obvious -- deficit reduction can't actually happen without raising taxes given that there are political and practical limitations to how much of government can be eliminated. Most of the major plans to come from the GOP have simply ignored this reality.
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Old May 09, 2011, 08:23 PM
Reduce the drama...
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USA, OR, Damascus
Joined Apr 2004
4,044 Posts
Sigh! Sniffing bath salts?
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Old May 09, 2011, 08:38 PM
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I disagree on raising taxes. I feel that we have to increase the tax base, take away all tax deductions, lower the overall rate. A few years ago I worked with a guy, who between him and his wife they made more money than myself and my wife (my wife does not work). Since they chose to have 6 kids, not only did he not pay any federal income taxes, but he got Earned Income Credit back (someone explain to me how he "Earned"it). So he gets money back and I get a big tax bill to help pay for the shmucks who don't pay anything.

This also goes for Corporations, all corporations should pay the same rate. No BS tax deductions that favor certain corporations and make it difficult for the corporations that end up paying the full rate, to be able to compete.
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Old May 09, 2011, 08:50 PM
LcJ
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United States, LA, Monroe
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Help the debt problem in 2012


Fire Obama.
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Old May 09, 2011, 08:51 PM
Watts is life...
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Bot's like to know where you live
Joined Sep 2003
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Quote:
We'll learn whether Republicans are serious about deficit reduction when they are faced with deciding on tax increases. The ultimate response of the GOP to the debate over Coburn's comments will reveal whether fiscal conservatism is really integral to the party or whether it is primarily rhetoric used to justify large reductions in the welfare state.
Classic statism…

I’m tempted to add more but stupidity of founding concepts are lost in today’s liberalism.
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Old May 09, 2011, 09:03 PM
Low, slow and dirty
maine
Joined Jan 2008
427 Posts
I always thought a Fat Tax System would work. It would sure kill this "class envy thingy" coming from the socialist of this country and the ultra rich would pay their share too!!...
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Old May 09, 2011, 09:05 PM
Low, slow and dirty
maine
Joined Jan 2008
427 Posts
Quote:
Originally Posted by rcairflr View Post
I disagree on raising taxes. I feel that we have to increase the tax base, take away all tax deductions, lower the overall rate. A few years ago I worked with a guy, who between him and his wife they made more money than myself and my wife (my wife does not work). Since they chose to have 6 kids, not only did he not pay any federal income taxes, but he got Earned Income Credit back (someone explain to me how he "Earned"it). So he gets money back and I get a big tax bill to help pay for the shmucks who don't pay anything.

This also goes for Corporations, all corporations should pay the same rate. No BS tax deductions that favor certain corporations and make it difficult for the corporations that end up paying the full rate, to be able to compete.



They played the system.. Isn't it nice to have 6 kids when you can't afford them.

I've always said : If you can't afford Kids then, DON'T HAVE THEM!
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Old May 09, 2011, 09:05 PM
Bagpipes spoken here
Pipemajor's Avatar
United States, MN, St Paul
Joined Aug 2007
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Originally Posted by LcJ View Post
Help the debt problem in 2012


Fire Obama.
Name one Republican president who actually reduced our deficit.
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Old May 09, 2011, 09:07 PM
trying to miss the ground
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United States, ID, Rigby
Joined Oct 2008
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Originally Posted by jumpinjo View Post
I always thought a Fat Tax System would work. It would sure kill this "class envy thingy" coming from the socialist of this country and the ultra rich would pay their share too!!...
Hey, for some people obesity is genetic! Taxing it would be unfair discrimination!!!!
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Old May 09, 2011, 09:08 PM
trying to miss the ground
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Originally Posted by Pipemajor View Post
Name one Republican president who actually reduced our deficit.
Name one president of any party affiliation that increased our deficit by as much as Obama.
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Old May 09, 2011, 09:14 PM
Bagpipes spoken here
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Originally Posted by blademaker22 View Post
Name one president of any party affiliation that increased our deficit by as much as Obama.
FDR. Defict was running 120% of GNP. Of course, back then we also were fighting 2 wars.
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Old May 09, 2011, 09:18 PM
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Originally Posted by blademaker22 View Post
Name one president of any party affiliation that increased our deficit by as much as Obama.
Now how about you name a republican president who reduced our deficit.
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Old May 09, 2011, 09:28 PM
LcJ
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Originally Posted by Pipemajor View Post
FDR. Defict was running 120% of GNP. Of course, back then we also were fighting 2 wars.
You mean another Democrat was even worse than Obama......
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Old May 09, 2011, 09:29 PM
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Russian Federation, Sakha, Yakutsk
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Originally Posted by LcJ View Post
Help the debt problem in 2012


Fire Obama.
Elect Ron Paul.
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Old May 09, 2011, 09:30 PM
LcJ
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Originally Posted by Bflat View Post
Now how about you name a republican president who reduced our deficit.
The next one if he has a conservative congress and senate!
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