obama's job act- you will be paying for 421 billion of it

[SMKR]

http://blogs.mcclatchydc.com/washington/2011/09/white-house-proposes-to-pay-for-jobs-bill-with-tax-increases.html

so much for "paid for"

September 12, 2011
White House proposes to pay for jobs bill with tax increases

The White House today is proposing to pay for its new jobs bill entirely with tax increases.

It proposes these tax increases:

--Limiting itemized deductions for incomes above $200,000 and family incomes above $250,000. Total: $400 billion over 10 years;

--Treat carried interest as ordinary income rather than as capital gains. Total: $18 billion;

--Raises taxes on oil and gas. Total: $40 billion

--Increase taxes on corporate jets. Total: $3 billion.

Read more: http://blogs.mcclatchydc.com/washing...#ixzz1XrgJ6UcA

[bcoop]

1 - Your link is broken.
2 - While I don't doubt that Obama was lying when he said it was paid for, I won't take FACTS from some mouthbreathing cheeto eating blogger. Post a credible source.

[Junioropolous07]

1 - Your link is broken.
2 - While I don't doubt that Obama was lying when he said it was paid for, I won't take FACTS from some mouthbreathing cheeto eating blogger. Post a credible source.

I was hoping for an interesting read. Stupid [/broken]link lol

[centexchick]

http://online.wsj.com/article/SB10001424053111904353504576566802250477510.html?mod=WSJ_hp_LEFTTopStories

[BP]

So do I still get my mortgage interest and property tax deductions?

[Sgt Beavis]

This asshole can't come up with an originaly fuckin' idea.

How about cutting something to pay for it?

Better yet, how about you just do what you do best. Nothing much.

I don't know how big of a tax that corporate jet tax is but I bet it does the same kind of damage Clinton's yacht tax did on the boating industry.

[GhostTX]

Yes...lets end the tax breaks, effectively allowing the companies to make less/charge more and then watch the tax revenues decrease as the companies can't sell as much and/or their margins get smaller.

As for Corporate jets, how about he fly Air Force 1 less (him AND his wife) and the rest of the Dems stop flying Air Force planes for junkets?

[onemeangixxer7502]

Yes...lets end the tax breaks, effectively allowing the companies to make less/charge more and then watch the tax revenues decrease as the companies can't sell as much and/or their margins get smaller.

As for Corporate jets, how about he fly Air Force 1 less (him AND his wife) and the rest of the Dems stop flying Air Force planes for junkets?

ENd the breaks all they will do to offset their costs is pass it off to the consumer.

[Vertnut]

ENd the breaks all they will do to offset their costs is pass it off to the consumer.

Or shit-can enough employee's to cover the extra cost.

[GhostTX]

ENd the breaks all they will do to offset their costs is pass it off to the consumer.

Right...and the product then costs more and consumers buy less. OR product costs more and they make less margin which is less to tax.

[Broncojohnny]

I burst out laughing when I saw this story today. This isn't even really a jobs plan, this is him trying to play politics and blaming the Republicans for not doing anything about the jobs situation. I can't wait to see this dumbass lose.

[Broncojohnny]

Latest headline:

"We can't just sit back and squabble.."

what it really means:

"We can't just sit back and squabble, we have to raise taxes now!"

[SMEGMA STENCH]

There is nothing Obama can do to help whats going on. He's completely impotent. He lacks the intelligence to form some sort of working compromise. IMO we don't really even have a president right now. We got this guy in there who can't accomplish anything at all, except for talking in circles in speeches that don't make sense unless you read between the lines.

[Durantula]

Did you tools just conveniently ignore the fact that more than half of the bill ($250 billion) is tax breaks for small business? No, you're too busy looking at the tax hikes.

Derp.

[Forever_frost]

Did you tools just conveniently ignore the fact that more than half of the bill ($250 billion) is tax breaks for small business? No, you're too busy looking at the tax hikes.

Derp.

Did you ignore the fact that half of the bill is tax increases? Tool.