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Republican House Passes Bill that Gives $269 Billion to Millionaires and Billionaires, and to be Paid for by Increasing the Deficit

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Markle
Floridatexan
boards of FL
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boards of FL

boards of FL

http://www.msnbc.com/rachel-maddow-show/gop-passes-massive-tax-break-millionaires-billionaires

http://www.foxnews.com/politics/2015/04/16/house-passes-bill-to-repeal-death-tax/

http://www.wsj.com/articles/house-passes-bill-to-repeal-estate-tax-1429205647

http://news.yahoo.com/u-house-passes-estate-tax-repeal-despite-veto-165802083--business.html

http://abcnews.go.com/Politics/wireStory/congress-passes-bill-repeal-estate-tax-30366826

http://www.reuters.com/article/2015/04/16/us-usa-tax-estate-idUSKBN0N723C20150416






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boards of FL

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Even by contemporary GOP standards, today’s vote is pretty obscene. At a time of rising economic inequality, House Republicans have prioritized a bill to make economic inequality worse on purpose. At a time in which much of Congress wants to make the deficit smaller, House Republicans have prioritized a bill to make the deficit much larger.

At a time when prosperity is concentrated too heavily at the very top, House Republicans have prioritized a bill to deliver enormous benefits to multi-millionaires and billionaires – and no one else.

Asked to defend this, Republican leaders – the same leaders who balk at all requests for public investment, saying the nation is too “broke” to fund domestic priorities – say it’s only “fair” to approve a $269 billion giveaway to the hyper-wealthy.


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Floridatexan

Floridatexan


I don't think this bill will make it past the President's desk. In effect, the GOP has just wasted more taxpayer dollars.

Markle

Markle

What is the principal of the government stealing more money from someone who has EARNED that money AND PAID TAXES on it already.

What is the principal that makes the death tax a good thing?

2seaoat



What is the principal of the government stealing more money from someone who has EARNED that money AND PAID TAXES on it already.

What is the principal that makes the death tax a good thing?


A BALANCED BUDGET

Stealing......You have to be joking.....so taxing dividends is stealing......the profit was taxed, and then the dividend is taxed. No big deal, but at Least we have drawn the line.....incredible.

Floridatexan

Floridatexan

Markle wrote:What is the principal of the government stealing more money from someone who has EARNED that money AND PAID TAXES on it already.

What is the principal that makes the death tax a good thing?

What is the principal that authorizes cutting Social Security and Medicare benefits?  Everyone who has withholding pays into both SS and Medicare. An independent contractor pays in at a higher rate.  The "death tax", as you choose to call it, affected only a few hundredths of the total population of the US, after apparently successive increases over a period of years.  This would be comprised of only the most wealthy among us...for instance, Sheldon Adelson, the Koch brothers, the Bush family, the Romneys...and several members of Congress.  As a matter of fact, I have been on the not-so-happy receiving end of the opposite...an estate tax that was (IMHO) too low.  I don't want to talk about the repercussions of that...much too complicated and very sad in terms of family relationships.  But this has taken what was already ridiculous to totally new heights.  It's like a big fat f you to the vast majority of people.  

You see, Markle, it matters a lot HOW that money was "earned".  If you don't understand what I mean, here's a link where you can "edumacate" yourself.

http://www.utwatch.org/utimco/nativeson.html

Markle

Markle

2seaoat wrote:What is the principal of the government stealing more money from someone who has EARNED that money AND PAID TAXES on it already.

What is the principal that makes the death tax a good thing?


A BALANCED BUDGET

Stealing......You have to be joking.....so taxing dividends is stealing......the profit was taxed, and then the dividend is taxed.  No big deal, but at Least we have drawn the line.....incredible.

So, in your opinion, the PRINCIPAL is that you believe the government has the right to steal money from someone, for dying and on which taxes have already been paid.

2seaoat



I believe that the government has to increase the estate tax. It did not work in 1980 when the exemption was 125k. This causeg small business and farms to do complicated estate planning or right out of the gate paying 40% tax on the first dollar after 125k. However, over the next 35 years, as our deficit increased, we went to 600k which was good......to a million......to two million and now five million almost a FORTY FOLD decrease in the estate tax exemption. It should immediately be returned to two million.

Taxation is not stealing. Stealing is not paying taxes, supporting the MIC as it runs up five trillion debt at the same time that we were fighting two wars off budget. This is the essence of what America is now about now. A Republican party who represents five thousand families while the rest of America can pound on sand. I could not be happier that you have been blaming President Obama for growing income disparity, and out of the side of your mouth you are saying taxing is stealing......incredible. The lack of morality, the abundance of avarice and greed is just incredible.

Markle

Markle

2seaoat wrote:I believe that the government has to increase the estate tax.  It did not work in 1980 when the exemption was 125k.   This causeg small business and farms to do complicated estate planning or right out of the gate paying 40% tax on the first dollar after 125k.  However, over the next 35 years, as our deficit increased, we went to 600k which was good......to a million......to two million and now five million almost a FORTY FOLD decrease in the estate tax exemption.  It should immediately be returned to two million.

Taxation is not stealing.  Stealing is not paying taxes, supporting the MIC as it runs up five trillion debt at the same time that we were fighting two wars off budget.  This is the essence of what America is now about now.  A Republican party who represents five thousand families while the rest of America can pound on sand.  I could not be happier that you have been blaming President Obama for growing income disparity, and out of the side of your mouth you are saying taxing is stealing......incredible.   The lack of morality, the abundance of avarice and greed is just incredible.


The War On Terror Has Cost Taxpayers $1.7 Trillion [Infographic]
Business 2/03/2015 @ 8:18AM

According to data compiled by the Mercatus Center citing the Congressional Research Service, the cost of global “War on Terror” operations (including both Afghanistan and Iraq) since 2001 had reached about $1.6 trillion by FY2014. When war funding approved by Congress for FY2015 is taken into account, the total reaches $1.7 trillion.

The majority of that funding, some $1.562 trillion, has been allocated to the Department of Defense. The “War on Terror” is proving extremely expensive compared to past military campaigns. Putting the cost into context, the bill for the Vietnam War comes to about $686 billion when adjusted for inflation.

http://www.forbes.com/sites/niallmccarthy/2015/02/03/the-war-on-terror-has-cost-taxpayers-1-7-trillion-infographic/

What is the principal that makes the death tax a good thing?

Wordslinger

Wordslinger

Markle wrote:
2seaoat wrote:I believe that the government has to increase the estate tax.  It did not work in 1980 when the exemption was 125k.   This causeg small business and farms to do complicated estate planning or right out of the gate paying 40% tax on the first dollar after 125k.  However, over the next 35 years, as our deficit increased, we went to 600k which was good......to a million......to two million and now five million almost a FORTY FOLD decrease in the estate tax exemption.  It should immediately be returned to two million.

Taxation is not stealing.  Stealing is not paying taxes, supporting the MIC as it runs up five trillion debt at the same time that we were fighting two wars off budget.  This is the essence of what America is now about now.  A Republican party who represents five thousand families while the rest of America can pound on sand.  I could not be happier that you have been blaming President Obama for growing income disparity, and out of the side of your mouth you are saying taxing is stealing......incredible.   The lack of morality, the abundance of avarice and greed is just incredible.


The War On Terror Has Cost Taxpayers $1.7 Trillion [Infographic]
Business 2/03/2015 @ 8:18AM

According to data compiled by the Mercatus Center citing the Congressional Research Service, the cost of global “War on Terror” operations (including both Afghanistan and Iraq) since 2001 had reached about $1.6 trillion by FY2014. When war funding approved by Congress for FY2015 is taken into account, the total reaches $1.7 trillion.

The majority of that funding, some $1.562 trillion, has been allocated to the Department of Defense. The “War on Terror” is proving extremely expensive compared to past military campaigns. Putting the cost into context, the bill for the Vietnam War comes to about $686 billion when adjusted for inflation.

http://www.forbes.com/sites/niallmccarthy/2015/02/03/the-war-on-terror-has-cost-taxpayers-1-7-trillion-infographic/

What is the principal that makes the death tax a good thing?


We're talking about the ultra rich.  People who can afford the tax and help defray the costs of infrastructure, wars, social programs etc. 

You're dead set against a death tax because you just don't give a shit about the middle class or the poor.  Your only concern is for the 1%, and it always has been so.

You'd be happy with no minimum wage and no healthcare and no care for the elderly.

And that makes you and people who think like you our enemies!

Reality.


Screw Amerika Inc.! Corporate control of our government through campaign financing.

2seaoat



Three hundred billion being stolen.......I say lower the exemption and get three hundred billion more revenue.......then tell me about the downside.....there is none.


Also, do not pretend to be concerned about wealth distribution in this country....lies and more lies.....the Republican Party has been bought and paid for by the American Oligarchy.

2seaoat



Two people in a thousand pay an estate tax. Lets get our priorities right.

Markle

Markle

2seaoat wrote:Two people in a thousand pay an estate tax.  Lets get our priorities right.

You, nor your Socialist Friend Wordslinger, have given a solid reason for the tax other than it feels good to punish successful capitalists.

Wordslinger

Wordslinger

Markle wrote:
2seaoat wrote:Two people in a thousand pay an estate tax.  Lets get our priorities right.

You, nor your Socialist Friend Wordslinger, have given a solid reason for the tax other than it feels good to punish successful capitalists.


The lobbyist for "successful" capitalists, Semi-sane "I KNOW NOSSING!" Markle, will not be deterred from his undying loyalty to the 1%, also known as "those filthy rich bloodsuckers!" who have bought the American congress to change the economic game for their personal benefit. 

It's good to know your enemies!


Screw Amerika Inc.! Corporate control of our government through campaign financing.

Markle

Markle

What is the principal that makes the death tax a good thing?

So far, all the Progressives have come up with is that they hate successful people.

knothead

knothead

Markle wrote:What is the principal that makes the death tax a good thing?

So far, all the Progressives have come up with is that they hate successful people.

You must be good at something but this is certainly not one of them Markle, any sane person would recognize the wrong headed rationale' of giving heirs who have not done shit tax free money when the nation is so indebted?

2seaoat



Government needs revenues to operate. Citizens vote for policy which brings economic growth to a nation and prosperity to it's citizens. A progressive income tax and estate tax puts the greater proportion of the burden on those who make the most. The United States utilizing this progressive tax system had the greatest economic growth in world history. It works. When some tried to destroy the progressive tax system, the nation suffered economic stagnation and accumulated great debt. A democratic system allows the citizens to vote for the best chance for economic growth. We will see the return to higher estate taxes and tax rates.....why.....because it is good for the entire country.

ZVUGKTUBM

ZVUGKTUBM

2seaoat wrote:Government needs revenues to operate.  Citizens vote for policy which brings economic growth to a nation and prosperity to it's citizens.  A progressive income tax and estate tax puts the greater proportion of the burden on those who make the most.  The United States utilizing this progressive tax system had the greatest economic growth in world history.  It works.  When some tried to destroy the progressive tax system, the nation suffered economic stagnation and accumulated great debt.  A democratic system allows the citizens to vote for the best chance for economic growth.  We will see the return to higher estate taxes and tax rates.....why.....because it is good for the entire country.

Besides, folks like semi-demented poster Markle want the government to spend trillions on foreign wars, but they do not want the taxation required to pay for such folly. They would rather the government run a deficit to pay for things like invasions of sovereign countries (Iraq), but then they complain about the national debt and its size.

http://www.best-electric-barbecue-grills.com

2seaoat



This idea of double taxation being unique to the estate tax is silly. Corporations are taxed on surplus retained earnings, or the dividends are taxed, both after the Corporation has paid a tax on earnings.

Without these wise decisions estates can grow and be passed down to generation after generation creating an entrenched Latin American type corrupt oligarchy which fights economic growth and democracy. Unfettered wealth is by design anti democratic and corrupt.....wealth undeserved and unearned has a long history of supporting dictatorships and thwarting real economic growth. America must raise the estate tax. America must raise the tax rates. We can get back in balance. The estate tax currently is paid by less than two people in a thousand. Nobody on this forum has paid a dime of estate tax.

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