Yeah, that's a great solution, tax the hell out of investors you stupid liberals. Where's all the disclosure about how the DEMOCRATS were the ones who blocked any accountability to FM/FM?

This whole economic spiral is due to SOCIALISTIC policies where Dems think it's a "RIGHT" for every American (whether they can afford it or not) to own a home.

I WANT TO HEAR WHY THAT WAS ALLOWED! The Democrats have run this country to the ground and they're snowballing the American Public with their Kong size cover up. Pathetic.

You idiots! Why do they give "stimulus" packages? WHAT THE HELL IS OBAMA THINKING? He's talking about a stimulus under his administration, yet he wants to tax the hell out of everyone. When you give people money (stimulate them) GROWTH OCCURS, so what the HELL will taxes do? Oh, it's just to bail out the foreclosure debt.

Gawd Nancy Pelosi is in the economic meeting right now. Gag me! She got FM/FM money too!

This little dust up may help Obama in the long run because so many people think that Obama is going to tax the middle class when in actually the Obama tax plan us BETTER for the middle class than McCain's.

Thus when the dust does settle everybody will know that Obama's tax plan is to give tax cuts to 95% of working families whichi is 90% of all Americans (the middle class), people making >$250,000 will have their taxes increases to the level it was in the 1990's, and seniors making <$50,000 will have NO TAXES.

The MORE people know Obama's tax plan the BETTER for him.

Hey OBAMA: Why don't we let your bottom 95% start paying some taxes! I'm sick of paying for lazy and Obiden can take his Catholic reference about "giving to the poor" and sit on it!

How DARE he guilt trip people out using scripture making it like we owe people who have poor credit and are risky investments! If he wants to talk bible, let's do it - the bible says do not give to a sluggard (someone too lazy and without character to repay debt)!

Someone has to pay for the trillion dollars we owe the Chinese. The wealthy got the biggest tax cuts under Bush's tax cuts.

Why shouldn't the wealthy help save our economy, especially since they have benefited the most?

I makes be sick every time I hear O'Reilly, Hannity, etc. talk about income redistribution. Greedy people that make several million dollars per year.

Where is the religious right? They know what the Bible says about helping the least of these.

WHO SHOULD PAY THE BILLS?

Republican1: No one. There are no bills. We don't have an army in Iraq either.

Republican2: The middle class. If you people are so stupid as to vote for a Republican you deserve to pay a HIGHER effective tax rate than a Hedge fund manager.

Republican3: Do you like how well things are going in the economy? Great! Because the Republican administration regulators got us here with our look-the-other-way policies!

Hey Sam -
Think again girl. Obama is going to let the Bush tax cuts lapse, which means a tax INCREASE to ALL families making (combined) as little as 42,000/yr. He's going to increase taxes on corporations, which, we all know corporations don't pay taxes because the goods and services they provide to us will COST MORE so they can PAY the tax increases.

Taxing the rich MORE will only mean they buy LESS and employ FEWER PEOPLE!

Increasing investment tax (capital gains) will mean LESS MONEY being invested and stock values declining which means your retirement and pension accounts will be worth NOTHING.

Obama also wants to reinstate the death tax (or increase it) so when you have a family member die, you owe the government HALF of their estate value - not sure what the ceiling is, but that's a FACT!

Obama has you guys so snowed you'll be in a blizzard if he gets in.

Joe Biden...The credit card industry's #1 whore!

Even McCain intitially condemned the Bush tax cuts for the wealthy, saying he could not vote for them in good conscience. The gravy train years are over for the super rich. They've done very, very, very well over the last 8 years and it's time for them to pay their fair share. And when you put your perceived self-interest aside for the good of the country that is patriotic.
Democrats are motivated by love of country, the GOP elite is motivated by love of the almighty dollar. We see how good that's been for the country over the last 8 years.

One penny from a poor widow is more valuable than one dollar from a wealthy person. Therefore, the rich should pay more taxes than the poor. That's logical.

BOTTOM LINE AGAIN PEOPLE:

The reason we are in this MESS is because your democratic congress extended mortgages to RISKY people. Period, that's it! So much for helping the "poor". Knowingly giving these mortgages to those who could not afford it or playing the housing market like a casino (flippin' houses without ever living in them to make a profit) is IRRESPONSIBLE.

If you had a friend who you knew had bad credit, would you lend them 200-400,000 for a mortgage? Bet not and that's the jist of this mess.

Better start googling what went on during the Clinton years regarding "redlining". I dare YOU!

GThe top 2% in this country already pay over 70% of the taxes - that's not good enough?

Trickle down tax cuts did not work:

A recent Treasury Department release, “Tax Relief in 2001 Through 2011,” shows the reduction in taxes that four hypothetical families with modest incomes are receiving as a result of “legislation enacted during the President’s term in office.”[1] The implication of the release is that the 2001 and 2003 tax cuts have been highly beneficial for such families and hence should be extended.

An examination of the calculations on which the paper rests shows, however, that 100 percent of the tax benefits the Treasury computed for all four of its example families come from just three provisions of the 2001 and 2003 legislation: (1) the improvements to the Child Tax Credit; (2) the creation of the 10-percent income tax bracket; and (3) “marriage penalty” relief. By reporting only the aggregate effect of the 2001 and 2003 tax cuts on these representative families, Treasury’s release masks this fact.

Some readers may mistakenly conclude from the release that many of the tax cuts enacted in 2001 and 2003 are contributing to the overall tax benefits the example families are receiving, when, in fact, few of the 2001 and 2003 tax-cut provisions touch low- and middle-income people.

The Treasury release consequently is likely to do more to obscure than to illuminate the choices policymakers face regarding which provisions of the 2001 and 2003 tax cuts to extend and which to allow to expire as scheduled at the end of 2010.

http://www.cbpp.org/3-3-03tax.htm

Biden means that all of the people not paying income taxes at all or those that will get tax breaks under Obama's plan are unpatriotic scum.

Biden you can start by giving more to charity (his tax returns have been released). I give more to charity than this guy does.

Perhaps Joe should have explained why it isn't "patriotic" for lower incomes to pay more taxes.

After all, history shows Democrats sticking taxes to the wealthy affect the lower incomes more.

Nice link - worried about paying for social security and medicare. Obama wants to nationalize healthcare, isn't Medicare national health care - the government can't even fund Medicare for ONE group of people and they expect to nationalize it for ALL? Gee, just like we did the mortgages? Everyone is entitled to everything and Obama wants everyone to go to college too? Give me a break!

You may think taxes are "patriotic" but I am sick of watching people get refunds of $5,000 who make over $9.00/hr from EIC and Obama is wanting to triple that - great! Now I get more out of my paycheck each year, but I should feel great because I am helping the poor. NOT!

The US government was not intended to be a source of benevolence and neither is my paycheck. I'm already paying for SSI and Medicare and will probably not get a thing when I am eligible. I've had it!

Entitlements - gag me.

There are two arguments I hear a lot.
1. By temporarily increasing your government debt, long-term you can stimulate economic growth enough to more than make up for that debt.
2. Cutting taxes on the rich will actually make everyone richer, or equivalently, raising taxes on the rich will make everyone poorer.

I don't buy these arguments, but I hear them a lot.

If you religiously believe 1) and 2), then we should stop taxing everyone, and just borrow all of our money.

If you just believe 2), rich people should pay zero taxes, and taxes on everyone else should be increased to make up the difference.

More common sense suggests there are trade-offs. Too small a government may have problems. Someone needs to pay the taxes to support that government, otherwise we get too much debt. But the higher the taxes, the more that slows economic growth. Rich people can survive higher taxes, because they are rich.

All this leads to the idea of progressive but low tax rates and minimal government. We have progressive taxes. However, in reality government tends to want to grow itself, and either taxes are raised to match or debt increases.

And everyone complains about who has to pay the taxes for big government. Amazingly, rich people have convinced a lot of other people it's always in their best interest to tax rich people less!

How about this Joe?

I say it's time you and your elected cronies (of whatever political party) start showing YOUR patriotism and reduce government spending across the board. Reduce taxes across the board. Reduce or eliminate handout programs across the board. Stop rewarding sloth, laziness, greed, across the board.

And help return this nation to its values:

Self-reliance
Thrift
Limited government
Merit based achievement
Individualism

Franklin Raines, Jim Johnson, Jerimiah Wright - a few of Obama's associations and multi-millionaires. DEMOCRATS to boot! Why is it that liberals think Republicans are the only ones that are rich and owe the rest of the world a living?