Blog - Changing the Senate's Tax Bill

i also hate giving all these tax breaks to the rich,but i havent seen any actual projected amount of deficit dollars compared to the 860 billion(with the tax breaks to the rich), if the taxes for the rich were not extended.why is there no dollar amount being talked about ,so the average person can at least see the difference(in actual dollar bills) what the deficit would be !then maybe we could all make an intellegent analysis of this tax break to the rich issue!

This has been reported many times in the last few weeks. The added amount for the tax cuts for the wealthy alone come to around $60-70 billion per year, according to all the sources I’ve seen. There was a study online (sorry, don’t have the link at the moment) showing that most optimistic offset of any possible stimulus to GDP (not sure if that really translates into actual jobs, all things considered) might offset the first two years of that added lack of tax income might equal out, but after that two year break point, with no major improvement in the economy, the added interest starts to balloon, as anyone with credit card debt understands, to a truly unsustainable amount.

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2)
Even if the most optimistic results from those two years come true, what’s the added killer for most Dems objecting to the deal is that not only are we giving away the store for the next two years in tax income, but also included is a big estate tax give-back to the wealthy, along with a provision that poses as a wage-earner tax break, but what is in reality a cut in SS taxes that are paid in by workers. Just what we need, starve Social Security at this point in time! So for this “compromise” the poor and working poor get essentially zip, maybe a couple hundred if not zero, (the unemployed will still have to pay taxes on those benefits!) in exchange for about $450 added to the national debt for every man, woman, and child in the country. Such a deal.

LATEST NEWS ON DOLLAR AMOUNT WAS STATED BY A HOUSE REPRESENTATIVE WHO SAID 990 BILLION. MORE THAN STIMULUS BILL OR HEALTHCARE BILL,

I wonder if in the future, these will be considered the dark ages?

Now on MSN.com:
The bill would provide a two-year reprieve in the tax increases scheduled to take effect on Jan. 1 at all income levels, reduce Social Security taxes for every wage earner in 2011 and extend an expiring program of jobless benefits for the long-term unemployed. The estimated cost, $858 billion over two years, would be added to already-huge federal deficits.

I do not hear the bell of freedom, but rather the chains of slavery. In the currant rate of exchange much more will be lost than gained, but to the hungry, even the bitter is sweet. Our representatives in Washington care not about the annals of history, and how they will be viewed as servants to the wealthy, and not the Nation, for they are no more than slaves to the illusion of power and money, by those who use them, to do their bidding. And I thought prostitution was illegal for everybody !!

Do you suppose that congress has it`s own S.T.Ds,I do ! It`s far easier to believe that, than to think that they lead by example. Take for example the new speaker, he`s orange !!! and half in the bag most of the time, and let`s not forget good ole Mitch, he`s right out of a Harry Potter movie. I don`t mean to be mean, but come on, these guy`s have`nt had an original thought of their own since Murdoch bought FOX, and crawled into bed with the right. Now don`t get me wrong the Dem`s have`nt been to awful smart either, they just got handed the golden ring of opportunity, and I truly believe their not adroit enough to get the maximum benefits that the 2% are willing to pay, and their servants, to keep the status quo. My god they make a pill for everything, can`t they make a pill to fix stupid ?

Thanks for posting those contact names, Donny!

HAVE THE ECONOMY BEEN MESSED UP FOR 99 WEEKS? WHY IS CONGRESS ACTING LIKE THE ECONOMY IS BOOMING AND PEOPLE ARE STILL WANTING TO BE ON UMPLOYMENT. IF THE ECONOMY HAS NOT RECOVERED IN 99 WEEKS AND U STILL HAVE PROBLEMS, THEN WHY WOULD THEY THINK THE CITIZENS OF AMERICA WOULDN’T BE HAVING EMPLOYMENT PROBLEMS TOO. IF YOU CAN IGNORE THE 99ERS, THEN U SHOULD BE ABLE TO IGNORE THE STOCK MARKET NUMBERS AND EVERYTHING ELSE WITH 99 WEEKS OF BAD NUMBERS.

Just thought I would pass on my reply I received from the white house, our president. I recieved a recorded message to call a help hotline in washington for help with our delemmas as the white house has done all they can for the people on unemployment. In other words we are on our own, tuff shit they don’t care cause it doesn’t effect them they are rich and happy. well I can only hope god is watching and really teaches them a lesson on what the spirit of christmas is all about. I will continue to hope but I see no help coming unfortunatly. I see they are still debating the bill in the senate today. I also see they are giving farewell speaches as well, but they want to adjourn tonight for holiday recess and last day for the 111th session. i wish i had there work schedule.