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Eight Years Of Obama. Where was the tax cut for the middle class?

Discussion in 'Too Hot for Swamp Gas' started by ncbullgator, Jan 10, 2018.

  1. ncbullgator

    ncbullgator GC Hall of Fame

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    It’s not the government’s money.
     
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  2. docspor

    docspor GC Hall of Fame

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    Yeah, that is partially what I mean by returns to risk taking. Ownership is risky.
     
  3. gator_lawyer

    gator_lawyer Premium Member

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    That's not responsive. Please elaborate.
     
  4. mdgator05

    mdgator05 Premium Member

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    Demand for labor is lower while demand for capital is higher. They are both part of it.
     
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  5. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Yup ... Trump has done nothing to deal with healthcare costs, and in fact, has taken deliberate action to drive them up even more.
     
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  6. GatorRade

    GatorRade Rad Scientist Premium Member

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    Seriously nc, I think it's fair to criticize their methods of trying to help citizens, but to say that don't even care about these people is just tribalism.

    Most everyone of our congresspeople, on both sides, worked their asses off to have a chance to try to help America in their own way. Maybe some are stupid, deluded, misinformed, etc., but hell, at least they're out there doing something, unlike most of the rest of us.
     
  7. madgator

    madgator GC Hall of Fame

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    Believe me, you don't want to talk about Trump's actual accomplishments. Which is EXACTLY why all you hear about is Russian collusion and mental instability.

    The guy is absolutely killing it for the American people and if you really believe that the democrats have a snowballs chance in hell of not losing seats (and a good number at that) in the senate then you're living in the bubble that the media has blown up for you.
     
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  8. madgator

    madgator GC Hall of Fame

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    Been drinking the Kool-Aid that Obama was selling with his "bringing back jobs with a magic wand" speech

    http://www.foxbusiness.com/markets/2018/01/05/six-figure-construction-jobs-are-going-unfilled.html
     
  9. gator_lawyer

    gator_lawyer Premium Member

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    Assuming arguendo that Trump is killing it, perception often doesn't match reality. Trump's approval rating is still below 40% (Source: Gallup). He's not liked by the majority of Americans. You probably shouldn't throw stones while living in your own bubble. ;)
     
  10. madgator

    madgator GC Hall of Fame

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    The same "polls" that had Hillary's odds at winning at 90%+


    but go ahead.....keep the distraction topics going. Keep showing how far out of touch the democrat party and the media is from reality. Pander to the Cali and NYC elite crowd.....eventually it's all you're going to have
     
  11. fredsanford

    fredsanford Premium Member

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    Then why have 31 pub House incumbents dropped out?

    Because they know a blue wave is coming.
     
  12. madgator

    madgator GC Hall of Fame

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    First of all it's 28 republicans and 14 democrats in the house that are not seeking re-election. 5 of those republicans are going to be running for senate. 6 of them are running for governorships

    Secondly, have you looked at the states/districts as to where those other 11 are from? Not much to be gained there.

    Now taking both into consideration, if you notice I did not say anything about the republicans gaining seats in the house. I actually expect them to lose 5-10 but that effectively changes nothing.

    the republicans will be gaining at least 3-4 seats this year in the senate. with a few more coming in 2020 (with Jones just keeping that seat warm in Alabama). Right now there are as many as 10 democrat senators that are considered "vulnerable" with only 1 maybe 2 republican seats being considered as such.



    but nice spin there with your 31 interpretation of a "blue wave".....like I said, the media narrative to create an illusion bubble. Don't say I didn't tell you so when it pops on you in November
     
    Last edited: Jan 10, 2018
  13. Rocinante

    Rocinante Senior

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    We have been paying historically low income taxes since 2000. Lowering individual rates further is fiscally irresponsible given every year we increase the debt, that is true under Obama and is true now. If Obama was irresponsible for increasing the debt in response to a looming Depression created under the watch of his predecessor, then Bush 43 was really irresponsible for increasing it by 101% vs. Obama’s 68%. How low do you want to go, zero. The average for all tax filers in 2013 was 9%, the average tax paid for the top 20% was 15.5%. That isn’t a lot. Your premise is based on the idea we pay an absurd amount in Income Taxes. When you add the payroll tax paid by the top 20%, their average isn’t far from the top 1%. Average corporate rate “PAID” hasn’t broken single digits since 1980.

    http://www.taxpolicycenter.org/statistics/historical-average-federal-tax-rates-all-households

    https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

    F3D4B684-338C-4C39-80F8-34A6255FAEBE.png
     
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  14. docspor

    docspor GC Hall of Fame

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    rates are not the problem. the base to which it is applied is the problem. We could easily lower rates, expand the base & increase tax rev whilst encouraging growth via lower marginal rates. It's insane how much income I pay 0% on.
     
  15. Gatorrick22

    Gatorrick22 VIP Member

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    They think it is... "If you have a business... you, you, you, you didn't build that." - Obama. Hence, that money is the government's. That's what Obama still thinks.
     
  16. chemgator

    chemgator GC Hall of Fame

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    Book it?
     
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  17. mdgator05

    mdgator05 Premium Member

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    Polls don't have odds. Forecasters have odds. The final polls, on average, had Clinton up 3.2%. She won nationally by 2.1%. That is a pretty small miss.
     
  18. chemgator

    chemgator GC Hall of Fame

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    An even larger reason is the export of manufacturing jobs. It is very hard for people to move from the lower income class into the middle class if manufacturing jobs are not available.
     
  19. fredsanford

    fredsanford Premium Member

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    Average House losses with an incumbent president below 40% approval in an off year is 39.

    More than that will flip blue in November.
     
  20. chemgator

    chemgator GC Hall of Fame

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    I honestly don't think the middle class needed a tax cut during the Obama years. A lot of people (especially younger people) needed a job. Millions just stopped looking for work. There was no sense of financial security for most Americans. Obama ignored them to work on health care legislation. The economic recovery was weak, and Obama did not help things by engaging in typical democrat bashing of corporate America. The corporate tax cut was way overdue, and should help hiring in the U.S. And as we've seen, employees are seeing bonuses because of it.

    Obama helped people get part-time jobs paying minimum wage, but that does not help the middle class.