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Are you sure your only in your first term? Man, you handled Rangel like a seasoned veteran. Keep up the good work. I wish you represented Pennsylvania. Take care. |
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Rep. Bachman, how about you get a few original ideas rather than rip the talking points from the latest Republican propaganda dispatch. Honestly, do you even understand these issues?
To wit, as a policy matter, few disagree that the AMT should be restrained this year. Also as a policy matter, there is plenty of merit in the argument that carried interest should be taxed as wages rather than capital, which is what this bill does. Please explain to me why a private equity executive's sweat equity, taxed at 15 percent, is any more risky than mine as an author (I pay 35 percent -- ordinary income) or, for that matter, the manager of a mutual fund, who's also paying ordinary rates? The whole "permanent tax increase to pay for temporary tax relief" argument is a blatant red herring and Republicans -- who USED to be the party of fiscal responsibility -- should be ashamed.
As for the domestic production deduction, oil and gas were never intended to benefit from that provision in the 2004 legislation -- it was tucked in during a conference committee. Why oil and gas companies should pay 32 pct while the airlines pay 35 percent is beyond me.
Please, get a clue. How about coming up with a few arguments of your OWN rather than just regurgitating something John Boehner has handed to you? For shame. |
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Wait a minute. You've voted against countless funding measures in the past year and a half because there were no budgetary offsets that accompanied them to make them budget-neutral. Now, when the Democrats propose offsets to make up for the expenditure this tax relief would provide--offsets from oil and gas companies' record profits--you object! Consistency never has been your strong suit, Bachmann, unless we're talking consistently ignorant. Roger above is right--Michele Bachmann has never had an original idea of her own OR a clue. |
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is right on. This hideous tax needs to die unconditionally. It's fate should not depend on whether or not there are offsetting increases somewhere else. I can't believe that with a $3T budget, that the presence or lack of AMT would make any difference at all. Why is it so impossible for the government to cut taxes?
This is a great opportunity to get rid of a tax that should never have been passed in the first place. Rangle's justification (that it only affected 150 people originally) **proves** that the tax is unfair. Congress should not be passing laws that affect only 150 people.
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You did a great job Rep Bachmann. Keep up the good fight. |
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How is the deficit these days?
Doing anything about that, Mrs. Republican? |
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Michelle, dont you get it? Americans LOVE high taxes! They WANT to live in poverty! Why else would they vote for so many Democrats? The facts are there but instead of asking themselves why their property tax doubled, their state government is bankrupt and their employer is being forced to close his doors because of taxes and Global Warming restrictions they just blame it all on Bush and go back to watching 'Project Runway'. So now you're casting aspersions on our next Secretary Of The Treasury and his wise policy of lowering energy prices by levying huge taxes on energy producers. Its almost as if you think individual Americans should be free to purchase and drive an automobile if they want one. Reactionaries like you are just out of step with the times. |
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Actually, here's a great argument as to why an investor should experience reduced taxation on returns over your taxation for the sale of your labor:
The investor already paid ordinary income taxes when they originally made the money that he/she turned around and reinvested as capital. If you would like turn a piece of your after-tax holdings into capital and risk it for higher returns, you are just as able to do so. But the idea that you should have to pay ordinary income taxes becuase you successfully invested money that was already taxed is rather cumbersome. |
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are clueless when it comes to economics |
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You write "Now, when the Democrats propose offsets to make up for the expenditure this tax relief would provide..."
Don't you realize that your statement implies that the government is entitled to offset to "make up for the expenditure?" The government is not entitled to anything. The money is the taxpayers, not the government's. The government is not entitled to any "offsets." If the taxpayers, through their representatives, decide that this is an unfair tax, then it should be eliminated. Period. No offsets. No making up for "expenditures." |
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So you inherit a million dollars from your rich parents without lifting a finger for it, and then invest it. You're saying the returns from THAT should be taxed at a lower rate than, say, the wages of the domestic that changes your sheets? What an upside-down world you people live in. |
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It is not an upside down world. That would be yours. Ours is what would be a fair world. Why the double taxation on those that chose to save and invest a portion of their income rather than spend it all?
This bill is atrocious. Cutting taxes for some and raising it on others in order to claim its revenue neutrality. Wow. Next time, let's cut my taxes and raise them on monkeywrench. All in favor, say aye. Oops, looks like your outnumbered monkeyboy. Better luck next time in the ole congressional lottery. You should hire a better lobbyist. |
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DON'T ROCK THE BOAT'baby"(stimulus packages) The government gave you some of your money back knowing, not hoping, that you will run out to spend this money that is stimulating the economy. There is another stimulus package out there, (high prizes), that is causing the American people to spend every "extra" penny into the economy. The Congress dare not touch this with their high dollar brain "power". There is another stimulus package that allowed the American investor to go abroad that left us borrowing money back to keep our economy afloat. Something else the Congress dare not touch.
Well the American people are waiting for the other shoe to fall, it has already hit the floor, picked up and hidden away, (if you questing this, look into your pocket to see where your money is to go before you get it). The Congress is on the side lines hoping that someone in America will stock pile some money that will stay in our country before the Congress fabricates their own report card.
I was raised during the Cold War where I was often reminded to be a patriot long before it was so much more to be of partisanship.
good luck America
By Poor John
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