A tax cut for the Middle Class.....

The Democrat leadership is proposing tax cuts to middle class people which I find refreshing.

www.theatlantic.com...

It's been making the rounds, but I've yet to see anything on it here. Here is a briefish quote:

On Monday, one of the leading Democratic policy-makers in the House, Representative Chris Van Hollen of Maryland, offered a new and more aggressive economic blueprint that may well become a rallying point for the party in 2016. The headline proposal is a $1.2 trillion package of tax cuts for middle-income earners, including a $1,000 "paycheck bonus credit" for individuals making less than $100,000 a year, and twice that amount for couples earning less than $200,000 annually. Van Hollen, who is the top Democrat on the Budget Committee, would also expand the earned income tax credit and the child care tax credit, along with offering an even bigger break for people who devoted a portion of their tax credit to retirement savings. Additionally, the plan would try to prod CEOs to give their employees raises by changing the rules for companies that claim deductions for executive pay.

A different approach then the apparent republican one of tax cuts to the wealthy (corporate and individual) that are paid for by rule changes that will harm anyone on SS disability.

See I don't see how you can (if you have any empathy and/or conscience) approve cutting disability to give the rich more money instead of supporting middle class tax cuts that will be funded by a 'high rollers' tax.

Take money from the poor to give to the rich - is that really the 'american' way?

Read up on the proposal, it does have several parts and speaks to funding it.

There are also many other articles online on the subject if - and I stress the if you want to find out more about the proposal.

Cheers.

a reply to: FyreByrd

Unfortunately....the Republicans will block this from ever happening...(they are the majority in the House and Senate now). I think the very wealthy should pay more taxes...they can afford to.

This is a HORRIBLE idea!

Everyone knows that economic growth is SOLELY spurred by the amount of digits in someone's personal bank account.

The more numbers on your computer screen the better!

Man, I hope the Internet full crashes soon & takes everyones bank account with them. This materialistic fairy tale needs to end.

When did the Middle Class come back? They got rid of anything in the middle a long time ago...

a reply to: FyreByrd

Great, why didn't they do it when they had a super majority in the Senate and majority in the house and a democratic president?

If this was such a good plan, why didn't the dems propose the idea while they still had the majority?

if the democrats were serious about this they would have proposed this when they had the votes to pass it by waiting until now when it doesn`t have a chance of passing I can only assume that this is just the democrats way of getting a cheap shot at the republicans who won the mid term elections.

seriously, I can`t think of one reason why they didn`t propose this when it had a chance of passing.

originally posted by: PsychoEmperor
a reply to: FyreByrd

Great, why didn't they do it when they had a super majority in the Senate and majority in the house and a democratic president?

Can't blame the other guy for blocking it.

2nd.

originally posted by: Tardacus
if the democrats were serious about this they would have proposed this when they had the votes to pass it by waiting until now when it doesn`t have a chance of passing I can only assume that this is just the democrats way of getting a cheap shot at the republicans who won the mid term elections.

seriously, I can`t think of one reason why they didn`t propose this when it had a chance of passing.

Agree,

Plus the devil is in the details. Remember "AFFORDABLE Care Act?"

Affordable for who? Those who get it subsidized while the rest of us pay more AND the doctors have jacked up their rates to boot which makes me pay even more.

a reply to: Tardacus

Just because someone is a democrat doesn't mean they *will* support tax cuts for the middle class.

Just because someone is a republican doesn't mean they *won't* support tax cuts for the middle looloolol, couldn't keep a straight face.

That may be swell and all, but I haven't yet heard of a good argument against a flat tax percentage for everyone with zero deductions. Just for arguments sake, say we make it a flat 2% tax - by the very nature of a flat tax, the rich will pay far more than us poor people. If you make $50,000.00 per, your tax $1,000.00. If you make $50,000,000.00 per year, your tax is $1,000,000.00. I don't get how this would not be fair.

And maybe add in that if you earn less than say $50,000.00 per year as a family, you pay nothing.

Why are so many against a flat tax? I'm really asking. I don't understand how a flat tax with no loopholes would be unfair.

Sounds like an affordable tax cut.

Obama will be forced to sign.

originally posted by: PsychoEmperor
a reply to: FyreByrd

Great, why didn't they do it when they had a super majority in the Senate and majority in the house and a democratic president?

Now that's an excellent point and, the cynic in me says that it is because thier masters (mostly financial services) don't want it too happen.

But I'm a life long socialist and optimist...

So if this is a really good idea what is stopping the repubs passing it?

I agree that it is weird they didn't pass this when they had the chance, but does that mean it can't still be passed?

originally posted by: tallcool1
That may be swell and all, but I haven't yet heard of a good argument against a flat tax percentage for everyone with zero deductions. Just for arguments sake, say we make it a flat 2% tax - by the very nature of a flat tax, the rich will pay far more than us poor people. If you make $50,000.00 per, your tax $1,000.00. If you make $50,000,000.00 per year, your tax is $1,000,000.00. I don't get how this would not be fair.

And maybe add in that if you earn less than say $50,000.00 per year as a family, you pay nothing.

Why are so many against a flat tax? I'm really asking. I don't understand how a flat tax with no loopholes would be unfair.

It would put hundreds of thousand of accounting and legal people out of work. It's a game - a little boys game.

But I'm with you - a flat tax with no deductions, divided proportionally between Federal, State, and local entities would be a boon all around.

Jerry Brown had it as part of his platform when he ran for President.

a reply to: FyreByrd

...still doesn't offset the cost Obamacare has placed on the average middle class American family. This is like handing a single lollypop to a child you just beat the crap out of while stealing his full trick or treat bag. Any middle class voter who cheers the Democrats for this is suffering from some twisted form of electorial Stockholm Syndrome.

originally posted by: tallcool1
That may be swell and all, but I haven't yet heard of a good argument against a flat tax percentage for everyone with zero deductions. Just for arguments sake, say we make it a flat 2% tax - by the very nature of a flat tax, the rich will pay far more than us poor people. If you make $50,000.00 per, your tax $1,000.00. If you make $50,000,000.00 per year, your tax is $1,000,000.00. I don't get how this would not be fair.

And maybe add in that if you earn less than say $50,000.00 per year as a family, you pay nothing.

Why are so many against a flat tax? I'm really asking. I don't understand how a flat tax with no loopholes would be unfair.

A flat tax is IMPOSSIBLE.

Our politicians fortune is based on favors for lobbyist money. 90% of those favors are based on tax breaks / changes for their perspective lobbyist (sometimes called corporate welfare).

If a flat tax were put in place. Politicians would loose 90% of their ability of corruption, thus negating most of their income.

The real power in Washington is the ability to distribute taxed monies out from their central power and control "who pays in" levels based on favors / donations.

Anyone that thinks this won't end up screwing the middle class must have had their head in sand for the last 30+ years.

They proposed this with no interest in this actually passing or they would a done it when they had a super majority.

originally posted by: burdman30ott6
a reply to: FyreByrd

...Any middle class voter who cheers the Democrats for this is suffering from some twisted form of electorial Stockholm Syndrome.

Im petty sure that ship sailed for the majority of society a long time ago. Very well put, Electoral Stockholm Syndrome!

originally posted by: FyreByrd

originally posted by: tallcool1
That may be swell and all, but I haven't yet heard of a good argument against a flat tax percentage for everyone with zero deductions. Just for arguments sake, say we make it a flat 2% tax - by the very nature of a flat tax, the rich will pay far more than us poor people. If you make $50,000.00 per, your tax $1,000.00. If you make $50,000,000.00 per year, your tax is $1,000,000.00. I don't get how this would not be fair.

And maybe add in that if you earn less than say $50,000.00 per year as a family, you pay nothing.

Why are so many against a flat tax? I'm really asking. I don't understand how a flat tax with no loopholes would be unfair.

It would put hundreds of thousand of accounting and legal people out of work. It's a game - a little boys game.

White collar jobs, the true downfall of society.