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Rep. Paul Ryan and Hermain Cain discuss taxes this morning; Liberals are from Mars conservatives are from Earth
Topic Started: Sep 18 2011, 10:55 PM (240 Views)
Pat
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Fire & Ice Senior Diplomat
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The divide between what the liberals want and what the conservatives expect is wide.



http://www.huffingtonpost.com/2011/09/18/paul-ryan-tax-increases-middle-class_n_968408.html

Paul Ryan, Herman Cain Push For Tax Increases On Middle Class
Paul Ryan

Posted: 9/18/11 10:24 AM ET


WASHINGTON -- Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama's payroll tax cuts for both employers and employees, arguing that the policy had already failed to provide a sufficient boost to the economy. "It hasn't worked," Ryan said, suggesting the current temporary tax cut should be allowed to expire, which will amount to a 50 percent tax hike on workers making less than $106,000 per year.

He also said that he opposes the president's plan to require millionaires to pay the same tax rate as the middle class. As chairman of the House Budget Committee and the author of a long-term plan that radically alters Medicare and slashes tax rates for the wealthy as well as social spending, Ryan serves as something of an economic spokesman for House Republicans.

GOP presidential candidate Herman Cain, who followed Ryan on "Fox News Sunday," seconded his opposition to the tax on millionaires as well as the payroll tax cut extensions. "It's too little, too late," said Cain.

Ryan, while backing a payroll tax hike, nevertheless said that tax hikes cannot be part of the deficit-cutting proposal that the super committee comes up with. As part of his explanation, Ryan made it clear that he sees no difference between raising taxes proactively and allowing tax breaks to expire. "You already have a $1.5 trillion tax increase coming in 2013," he said, referring to the expiration of the Bush tax cuts that were extended by President Obama for two years. Ryan's reference to the expiration as an "increase" gives greater weight to his willingness to let tax cuts for the middle class expire.

Because of the looming Bush tax cut expiration, said Ryan, the super committee should eschew tax hikes. "Why on earth would we go with that, especially when the problem is spending?" he said.

"You're basically saying there's going to be no bargain, no compromise," host Chris Wallace pointed out.

"Clearly, Democrats could work with us" and get $1.5 trillion in spending cuts with no additional revenue, Ryan said. "That shouldn't be that tough."

As for the budgetary woes outside Washington, Ryan said, "We just don't think we should be bailing out state governments." He added, "That's the constitutional responsibility of state governments, not federal governments."

Former President Bill Clinton, appearing on CBS's "Face The Nation," backed Obama's tax hike on millionaires, but suggested that the singular focus should be on job creation, with tax increases on the wealthy coming once the economy improves. "I don't have any objection to talking about it now," said Clinton. "Whether it's good politics or not, it's an honorable thing to do."

Clinton urged passage of the payroll tax cut extension and the creation of an infrastructure bank to fund investments. He also hit at the major drag on the economy. "I don't believe America can return to the full employment days of the '90s until we can clear this bank debt from the mortgage crisis," he said.
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Sea Dog
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The problem is...
No one wants to share the pain.
I well remember WW2
EVerything was either rationed or not available.
Sugar, etc was rationed.
I remember going with my mother to buy tooth paste, the tube in those days was made of lead, the old tube had to be turned in to buy the new one.

Now every one wants to live like a big shot, the fact that they cannot afford it, a minor detail!
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Pat
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I agree Sea Dog, and when you don't share in the pain, there is a tendency to ignore the democratic process. I believe the two must go hand in hand.
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Deleted User
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US President Barack Obama is planning a higher minimum tax rate on the richest Americans to ensure they are taxed at the same rate as the less wealthy.


What a novel idea. Some people actually being asked to pay their fair share. The Reps will never go for that.
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Jim Miller
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Glad to be back...so far.
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Good God, why can't the Canadian American haters mind their own damn business.
Edited by Jim Miller, Sep 19 2011, 02:08 AM.
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Banandangees
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Tax the rich all you want. That alone will not save our financial nation and if the Canadians are worried about how our financial downfall will affect them, they'd better take a good look at what's happening in Europe. Taxing is not saving them. The drama is playing out for us to view and how it will be for this continent if we don't look at the whole picture.
Edited by Banandangees, Sep 19 2011, 06:54 AM.
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Sea Dog
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The only picture that I see, apologies to Jim,

is that the only solution brought forth by the right to address the financial shortfall is to lower taxes.

Now I only went to a one room school, I did however go long enough to learn
that one does not pay down his debts by reducing his income!
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colo_crawdad
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Oops!
Edited by colo_crawdad, Sep 19 2011, 07:47 AM.
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