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GrantDawg 10-24-2008 04:43 PM

Quote:

Originally Posted by Fighter of Foo (Post 1869921)
The way around it is to have a bit higher floor where income is tax free; say 10k instead of 3k (or whatever it is now).


Somewhat (which was the way I understood the Forbes flat-tax to be), but everything I saw still ended up with a net increase to the middle class and huge relief to the upper incomes. Graduation, even slight, would eliminate some of that.

GrantDawg 10-24-2008 04:46 PM

Quote:

Originally Posted by lungs (Post 1869920)
Of course it's legal. I guess it's kind of a no-brainer stupid question so let me word things a little differently.

Is it fair that a business owner can under-report his/her income by practices such as that to avoid taxation while a regular Joe that picks up a paycheck really can't do the same thing?



Fair? Not much of our tax system is fair. But a small farm paying less taxes seems fair to me.

stevew 10-24-2008 04:47 PM

Quote:

Originally Posted by lungs (Post 1869925)

All I know, for as long as I can remember, our farm appears to have made no money whatsoever when you look at the bottom line at the end of the year. But when you dig deeper, that's the not the story whatsoever.


I "lose" about 10-20 bucks per day on my current job after the mileage deduction. Such a shame ;)

lungs 10-24-2008 04:49 PM

Quote:

Originally Posted by GrantDawg (Post 1869929)
Fair? Not much of our tax system is fair. But a small farm paying less taxes seems fair to me.


Heh, depends on your definition of small. I've also been accused of being a large factory farmer.

This year might be different though. One arm of the business has already plowed over $1 million in equipment purchases this year and other rising input costs might make it hard to horde on some things before January 1st.

We just might have to pay taxes this year!

cartman 10-24-2008 05:10 PM

Here's an interesting analysis of why Obama is leading:

Spoiler

lungs 10-24-2008 05:20 PM

Quote:

Originally Posted by cartman (Post 1869946)
Here's an interesting analysis of why Obama is leading:

Spoiler


I think I posted that a page or three back :)

edit: minus the cool image in the spoiler tag!

SirFozzie 10-24-2008 05:43 PM

ABC News: New Allegations in Mahoney Sex Scandal

This Mahoney thing is getting uglier and uglier. Mahoney still hasn't dropped out of the re-election campaign, but pulled out of tonight's debate.. saying that he didn't want to be a nationally televised circus. Why, you may ask?


"a) Calling Allen (his Mistress) late in the evenings and demanding "phone sex;"
b) Demanding that Allen answer his calls or face termination;

c) Demanding that Allen attend fundraisers and "tease c-ck" to bring in more donations from the male members of the public;

d) Demanding that Allen engage in sexual conduct with another woman for his enjoyment."

Current and former staffers told ABC News the allegations contained in the "demand letter" sent to Mahoney were backed up by tape recordings of phone calls between the Congressman and Allen.

Buccaneer 10-24-2008 06:02 PM

McCain and his wife stopped in town this afternoon to have lunch a sit-down burger place - along with John Elway and John Lynch (plus a few others). I showed my son the picture with Elway and he absolutely freaked.

Klinglerware 10-24-2008 07:49 PM

Quote:

Originally Posted by SirFozzie (Post 1869957)
ABC News: New Allegations in Mahoney Sex Scandal

This Mahoney thing is getting uglier and uglier. Mahoney still hasn't dropped out of the re-election campaign, but pulled out of tonight's debate.. saying that he didn't want to be a nationally televised circus. Why, you may ask?


"a) Calling Allen (his Mistress) late in the evenings and demanding "phone sex;"
b) Demanding that Allen answer his calls or face termination;

c) Demanding that Allen attend fundraisers and "tease c-ck" to bring in more donations from the male members of the public;

d) Demanding that Allen engage in sexual conduct with another woman for his enjoyment."

Current and former staffers told ABC News the allegations contained in the "demand letter" sent to Mahoney were backed up by tape recordings of phone calls between the Congressman and Allen.


"Tease c-ck"? Umm... no thank you!



Why is it that pols never cheat with somebody hot?

GrantDawg 10-24-2008 08:13 PM

Quote:

Originally Posted by Klinglerware (Post 1870027)
Why is it that pols never cheat with somebody hot?



She wasn't bad:



GrantDawg 10-24-2008 08:20 PM

And of course she wasn't bad, and with enough money you could have had her too:


Shkspr 10-24-2008 08:50 PM

Can a campaign wrecker ever be considered hot? GrantDawg says YES!

Flasch186 10-24-2008 09:19 PM

wanted to point out Palin finally testified before someone in Troopergate. Better late than never.

Palin testifies to investigator in ethics dispute - Yahoo! News

Vegas Vic 10-24-2008 09:39 PM

With Obama the clear favorite now, I was thinking about the tradition that the networks have followed in the past when a candidate gets over the magic 270 electoral votes. They typically show a regal portrait of the president elect with his full name, and the commentator will say "Ronald Wilson Reagan" "George Herbert Walker Bush" "William Jefferson Clinton" etc. "has been elected the xxth President of the United States".

Want to bet that the tradition is broken this year if Obama is elected? After all, following the past tradition would be considered "racist" and not "politically correct."

Crapshoot 10-24-2008 10:02 PM

Quote:

Originally Posted by Vegas Vic (Post 1870079)
With Obama the clear favorite now, I was thinking about the tradition that the networks have followed in the past when a candidate gets over the magic 270 electoral votes. They typically show a regal portrait of the president elect with his full name, and the commentator will say "Ronald Wilson Reagan" "George Herbert Walker Bush" "William Jefferson Clinton" etc. "has been elected the xxth President of the United States".

Want to bet that the tradition is broken this year if Obama is elected? After all, following the past tradition would be considered "racist" and not "politically correct."


Do you keep practicing your one-lines for this thread? We get it - Obama's a scary Black Muslim Socialist Arab (I'm sure you could go on). :rolleyes:

Vegas Vic 10-24-2008 10:09 PM

Quote:

Originally Posted by Crapshoot (Post 1870084)
Do you keep practicing your one-lines for this thread? We get it - Obama's a scary Black Muslim Socialist Arab (I'm sure you could go on). :rolleyes:


That has nothing to do with the point that I was trying to make.

QuikSand 10-24-2008 10:28 PM

Seriously, VV, were you viciously attacked by a rabid donkey at some point in the last four years or something? Seems like a deeply scarring incident must lie behind all this.

Buccaneer 10-24-2008 10:31 PM

Uh-oh. When QS calls you out, you are in serious trouble.

Vegas Vic 10-24-2008 10:37 PM

Quote:

Originally Posted by QuikSand (Post 1870109)
Seriously, VV, were you viciously attacked by a rabid donkey at some point in the last four years or something? Seems like a deeply scarring incident must lie behind all this.


Not really. I'm just disappointed in the demise of the DLC, which was instrumental in getting Bill Clinton elected. I had a really hard time voting for Gore and Kerry, as they were much farther to the left than my political views. My votes in 2000 and 2004 were more or less anti-GWB votes, and I would have even voted for Obama or Hillary in those cases. However, when it became apparent that McCain was going to be the nominee against Hillary or Obama, it was an easy decision for me. The Democratic party is now controlled by its far left, and it will be virtually unchecked in January with the three headed super majority of Obama/Pelosi/Reid.

GrantDawg 10-24-2008 10:44 PM

Quote:

Originally Posted by Vegas Vic (Post 1870130)
Not really. I'm just disappointed in the demise of the DLC, which was instrumental in getting Bill Clinton elected. I had a really hard time voting for Gore and Kerry, as they were much farther to the left than my political views. My votes in 2000 and 2004 were more or less anti-GWB votes, and I would have even voted for Obama or Hillary in those cases. However, when it became apparent that McCain was going to be the nominee against Hillary or Obama, it was an easy decision for me. The Democratic party is now controlled by its far left, and it will be virtually unchecked in January with the three headed super majority of Obama/Pelosi/Reid.



Well, as a comfort...I think it is pretty safe to say they have two years to do what they can. 2010 could see the House turn red, or the Senate. At the least, well probably see both sides of congress at pretty close to 50/50.

JPhillips 10-24-2008 10:48 PM

Quote:

Originally Posted by Vegas Vic (Post 1870130)
Not really. I'm just disappointed in the demise of the DLC, which was instrumental in getting Bill Clinton elected. I had a really hard time voting for Gore and Kerry, as they were much farther to the left than my political views. My votes in 2000 and 2004 were more or less anti-GWB votes, and I would have even voted for Obama or Hillary in those cases. However, when it became apparent that McCain was going to be the nominee against Hillary or Obama, it was an easy decision for me. The Democratic party is now controlled by its far left, and it will be virtually unchecked in January with the three headed super majority of Obama/Pelosi/Reid.


The problem with this is that Clinton's proposals and actions during his first couple of years were more left wing that anything Obama is likely to do. CLinton started with gays in the military, higher taxes for nearly everyone, and an attempt to bring single-payer universal health coverage. Regardless of his DLC connections, Clinton came to office with a very liberal policy agenda that only modified after the 1994 elections.

Buccaneer 10-24-2008 10:55 PM

Quote:

Originally Posted by JPhillips (Post 1870156)
The problem with this is that Clinton's proposals and actions during his first couple of years were more left wing that anything Obama is likely to do. CLinton started with gays in the military, higher taxes for nearly everyone, and an attempt to bring single-payer universal health coverage. Regardless of his DLC connections, Clinton came to office with a very liberal policy agenda that only modified after the 1994 elections.


And we will see that again (hopefully)?

Quote:

Well, as a comfort...I think it is pretty safe to say they have two years to do what they can.

I take no comfort in that. If it's so obvious that the voters will turn them out in two years, why does anyone think what we will have to go through the next two years is a good thing (unless you are on the "far left" as been mentioned)? Is it really all just oppositional politics, taking revenge when one can do so? How noble and worthy.

larrymcg421 10-24-2008 11:00 PM

Ugh, can we please stop this "OMG, why is it wrong to use his middle name?" nonsense. This has already been dealt with numerous times.

Yes, the media will use it when he wins, and no it won't be racist.

Vegas Vic 10-24-2008 11:00 PM

Quote:

Originally Posted by JPhillips (Post 1870156)
The problem with this is that Clinton's proposals and actions during his first couple of years were more left wing that anything Obama is likely to do. CLinton started with gays in the military, higher taxes for nearly everyone, and an attempt to bring single-payer universal health coverage. Regardless of his DLC connections, Clinton came to office with a very liberal policy agenda that only modified after the 1994 elections.


His bringing up "gays in the military" was a mistake, but it was also blown out of proportion, and it certainly wasn't a priority. He raised taxes after exhaustive discussions with Robert Rubin, who convinced Clinton that getting the deficit under control was the single most important thing at the time, and that it would be in the long term interest.

Clinton was hardly a favorite of his party's left. He often infuriated them with his stands on issues like NAFTA and welfare reform. He had a long track record as a centrist governor before he was elected president.

GrantDawg 10-24-2008 11:07 PM

Quote:

Originally Posted by Buccaneer (Post 1870171)
And we will see that again (hopefully)?



I take no comfort in that. If it's so obvious that the voters will turn them out in two years, why does anyone think what we will have to go through the next two years is a good thing (unless you are on the "far left" as been mentioned)? Is it really all just oppositional politics, taking revenge when one can do so? How noble and worthy.



Well, it is just historical. The president's party loses ground in congress in the first mid-term election. Bound to happen. Right now, though, it is especially true. The economy is no going to suddenly get better, and that will be bad for the Dems as the party in complete power, even though there is absolutely nothing that could be done to change that.

I also don't think there is going to be a whole lot accomplished in his first two years. The economy is definitely going to be a distraction. With tax receipts going down on top of that, the likely-hood of Obama's tax cuts or any raises is very slim. Not to mention the health-care thing will never fly when the government is going to be covered in red.

Obama is probably going to look a lot like Clinton in his first term. He'll push through what he can by executive order to undo much of the damage Bush has done in his tenure. He'll make the right mad, and they'll enrage the people over minor nothings that will be blown out of proportion. Then after the mid-term, he'll move to the center and maybe pass some cuts in taxes and the budget. About the end of his term, the economy will start looking up, and he'll have a shot of re-election. (That is of course something majorly bad happens, like Russia invading the Ukraine, or the financial system hits another crisis and collapses under the strain. Then things might get interesting).

JPhillips 10-24-2008 11:10 PM

Quote:

Originally Posted by Vegas Vic (Post 1870179)
His bringing up "gays in the military" was a mistake, but it was also blown out of proportion, and it certainly wasn't a priority. He raised taxes after exhaustive discussions with Robert Rubin, who convinced Clinton that getting the deficit under control was the single most important thing at the time, and that it would be in the long term interest.

Clinton was hardly a favorite of his party's left. He often infuriated them with his stands on issues like NAFTA and welfare reform. He had a long track record as a centrist governor before he was elected president.


What are Obama's positions that are far to the left of Clinton's? As far as I know there's nothing he's proposed that's far to the left of where Clinton was.(with the possible exception of trade issues) He's also been consulting with Rubin on his tax policy and he also has a record as a pretty pragmatic guy when it comes to policy.

There are plenty of good reasons not to vote for Obama, but I honestly don't understand how being left of Clinton is a serious concern.

GrantDawg 10-24-2008 11:13 PM

Quote:

Originally Posted by Vegas Vic (Post 1870179)
His bringing up "gays in the military" was a mistake, but it was also blown out of proportion, and it certainly wasn't a priority. He raised taxes after exhaustive discussions with Robert Rubin, who convinced Clinton that getting the deficit under control was the single most important thing at the time, and that it would be in the long term interest.

Clinton was hardly a favorite of his party's left. He often infuriated them with his stands on issues like NAFTA and welfare reform. He had a long track record as a centrist governor before he was elected president.



Sure, but JPhillips was right on in that he did not govern from the center early on. He never mentioned welfare reform from the time he left the campaign trail till the time the Republicans took the House. His moves to center (which is how he ran in both elections) didn't come till he stopped listening to Hillary's gang and started listening to Dick Morris (the sleaze bag).

Vegas Vic 10-24-2008 11:15 PM

Quote:

Originally Posted by JPhillips (Post 1870196)
There are plenty of good reasons not to vote for Obama, but I honestly don't understand how being left of Clinton is a serious concern.


All we have is his voting record, which granted is a somewhat small sample size on the issues that he's actually bothered to cast a vote. You can spin it however you want, but Hillary Clinton and Obama aren't anywhere close to being centrists.

JPhillips 10-24-2008 11:31 PM

Where on the voting record are they substantially different? There just aren't many liberal issues that have been voted on during their time in the Senate. If you have specifics I'm more than willing to admit I'm wrong, but I haven't seen any evidence that Obama pursues a radical left-wing agenda.

Look at Clinton in 1992-93, he was for higher taxes, less military spending, gays allowed in the military, universal, single-payer healthcare, high speed rail funding, and tougher environmental standards. As one who would like to see some liberal policies enacted, I see Clinton as more left in most every area.

Vegas Vic 10-24-2008 11:43 PM

To be fair, I think that you also need to look at Obama's voting record as a state senator in Illinois, which comprises the bulk of his political experience.

larrymcg421 10-24-2008 11:53 PM

I'm not sure how looking at voting records is a good sell for John "I voted with Bush 90% of the time" McCain.

Vegas Vic 10-24-2008 11:59 PM

Quote:

Originally Posted by larrymcg421 (Post 1870260)
I'm not sure how looking at voting records is a good sell for John "I voted with Bush 90% of the time" McCain.


If not, let's see how many times Obama or McCain has been willing to stand up to their party's establishment.

Arles 10-25-2008 12:05 AM

If you believe the polls, the democrats will have more than enough votes in the house and senate to force through any of Obama's policies they like. I could see them passing the national health care plan, rolling back the Bush tax cuts (esp cap gains) and even repealing all the drilling they supported before the election by next November.

My fear is that all that will get rubberstamped and we'll be in the middle of a recession with a pending tax increase (esp on cap gains) and this enormous health plan starting soon with no real way to pay for it (much like what Hawaii found out).

Vegas Vic 10-25-2008 12:11 AM

Quote:

Originally Posted by Arles (Post 1870277)
My fear is that all that will get rubberstamped and we'll be in the middle of a recession with a pending tax increase (esp on cap gains) and this enormous health plan starting soon with no real way to pay for it (much like what Hawaii found out).


The last president who raised taxes during a recession was Herbert Hoover.

sabotai 10-25-2008 12:31 AM

Hoover raised the top bracket from 25% to 63%. I don't think anyone is talking about a change quite that drastic.

stevew 10-25-2008 12:43 AM

I'd be happy if there was a supermajority, as long as they backroom deal Pelosi out of the speakers chair. And maybe HilRod will unseat the Navada gangster.

stevew 10-25-2008 12:46 AM

dola-

And how exactly does the speaker vote work? Could the republicans nominate and back someone like Dennis Moore(D-Kansas) for speaker? And maybe get enough blue dogs to beat Pelosi.

ISiddiqui 10-25-2008 12:51 AM

I think just about every Dem not related to Harry Reid would rather see Hillary in the Senate Majority slot... let's see if they have the balls to can Harry Reid's worthless ass though.

Quote:

And how exactly does the speaker vote work? Could the republicans nominate and back someone like Dennis Moore(D-Kansas) for speaker? And maybe get enough blue dogs to beat Pelosi.

Yes. It's basically a whoever gets the most vote. Usually each party nominates their person and everyone in the party votes for that nominee (and you better if you want the good slots).

Arles 10-25-2008 12:54 AM

WSJ has an interesting article on both candidates' tax plan:

Quote:

When it comes to taxes, the difference between Barack Obama and John McCain is arguably as wide as it's been in a presidential race since Ronald Reagan and Walter Mondale battled in 1984. Sen. Obama is proposing to raise taxes more than any recent candidate, while Sen. McCain wants to cut them substantially. Most of the campaign debate has been over whose taxes would be raised, and whose cut.

Here are the facts:

Mr. Obama would roll back the 2001 and 2003 tax cuts for taxpayers in the top two brackets, raising the top two marginal rates of income tax to 36% and 39.6% from 33% and 35%. The 33% rate begins to hit this year at incomes of $164,550 for an individual and $200,300 for joint filers. Mr. Obama claims no "working families" earning less than $250,000 would pay more in taxes, but that's because he defines income more broadly than the taxable income line on the IRS form. If you're an individual with taxable income of $164,550, you will pay more taxes.

The Democrat would also reinstate the phaseout of the personal exemptions and itemized deductions for married couples making more than $250,000 a year. Those phaseouts would raise the top marginal tax rate for millions of taxpayers by another 1.5 percentage points.

Capital gains and dividend taxes would increase to 20% from 15% for those making more than $250,000, although capital-gains taxes on investments in "start-ups" would be eliminated.
The Election Choice: Further Reading

Health Care – The candidates differ on the merits of tying insurance to a job.

* For full coverage of the election issues, please visit our Election Choice page.

Mr. Obama's most dramatic departure from current tax policy is his promise to lift the cap on income on which the Social Security payroll tax is applied. Currently, the employer and employee each pay 6.2% up to $102,000, a level that is raised for inflation each year. The Obama campaign says he'd raise the payroll tax rate on incomes above $250,000 by as much as two to four percentage points -- though it's unclear if that higher rate would apply to the employee, the employer, or both.

In any case, lifting the cap would change the nature of Social Security from an insurance program -- which pays out based on how much you paid in -- into a wealth-transfer program that is far more progressive.

Taken together, these add up to about a 10-percentage-point hike in marginal tax rates for those making more than $250,000 a year, including millions of small businesses that pay taxes at individual rates. The "marginal" rate refers to the rate paid on the next dollar of income, and it has an especially strong influence on decisions to work and invest.

Meanwhile, House Ways and Means Chairman Charlie Rangel has proposed an additional 4% "surtax" on incomes above $200,000. This would further increase the top marginal federal income tax rate to close to 50% -- or slightly above that, depending on the rate of the new Social Security tax -- when combined with Mr. Obama's hikes.

Mr. Obama is also famously promising that 95% of all Americans will get a tax cut. However, he would not reduce tax rates. His tax cuts come in the form of tax credits, most of which are also "refundable." In tax jargon, "refundable" means that you get the credit even if you owe no income taxes at all -- which means the government cuts you a check. These credits include:

- a credit of $500 to offset the payroll tax on the first $8,100 in earnings;

- a 10% mortgage-interest credit for those who don't itemize their deductions and so don't currently benefit from the mortgage-interest deduction;

- an expansion of the earned-income tax credit that would raise the income eligibility, reduce the EITC "marriage penalty," and increase payouts for families with three or more children;

- an increase of the college tuition tax credit to $4,000, from $1,800;

- a 50% "savers" credit of up to $500.

- The child-care credit would be made fully refundable and the credit increased to 50% of child-care costs, from 20%-35% now.

According to the Tax Policy Center, Mr. Obama's tax credits would increase the share of Americans who pay no income tax to 48% from an estimated 38% this year.

On corporate taxes, the Obama campaign has proposed to eliminate "loopholes" for oil and gas companies and rewrite the rules for how multinational corporations are taxed. In particular, he has proposed to treat foreign-source income the same as income earned domestically -- which means subjecting all income earned by American companies around the world to the 35% U.S. corporate rate, which is the world's second-highest. He is also promising a "windfall profits" tax on oil companies.

As for Mr. McCain, the central plank of his personal income-tax proposals is to make permanent almost all of the 2001 and 2003 tax cuts. This would leave the top marginal rate at 35%. The one exception is the death or estate tax, which expires for one year in 2010. Mr. McCain wants a 15% death tax on estates larger than $5 million. Mr. Obama wants a 45% rate on estates larger than $3.5 million.

Mr. McCain would also increase the dependent exemption by two-thirds -- to $6,000 per dependent from $3,500.

Mr. McCain would lower the corporate income-tax rate to 25% from 35% today, and allow full expensing, temporarily, of some investments in plant and equipment. Like Mr. Obama, Mr. McCain has said he would "close loopholes" on oil and gas companies and reconfigure the tax regime for multinationals.

The Republican's most dramatic proposal is to introduce an optional simplified tax system with only two rates and larger standard deductions and exemptions. Although Sen. McCain first put forward this proposal months ago, the details of it remain sketchy. In rough outline, taxpayers would be able to choose to pay under the current tax code or file under the optional semiflat tax.

Both candidates have said they would permanently index the Alternative Minimum Tax to inflation. In reality, both would have to do far more to change the AMT, which hits more middle-class taxpayers each year, and which members of Congress have many proposals to alter or repeal.

In sum, Mr. Obama is proposing to use the tax code to substantially redistribute income -- raising tax rates on a minority of taxpayers to finance tax credits and direct income supplements to millions of others. How much revenue his higher rates would raise depends on how much less those high-earners would work, or how much they would change their practices to shelter their income from those higher rates.

By contrast, Mr. McCain is proposing some kind of tax reduction for most Americans who pay taxes. He says he would finance those cuts by reducing the rate of growth in federal spending.
The Election Choice: Taxes - WSJ.com

Grammaticus 10-25-2008 01:22 AM

Quote:

Originally Posted by sabotai (Post 1870304)
Hoover raised the top bracket from 25% to 63%. I don't think anyone is talking about a change quite that drastic.


Your only looking at one component of what Obama says he will do. The total tax increase is greater than what Hoover did in 1932. For example, Hoover's Revenue Act of 1932 implemented a tax of 13.75% on corporations (much less than Obama). Also, the Smoot-Hawley Tariff Act (passed in 1930) was in full effect and added fuel to the fire and of course a world wide depression resulted. Yeah, it didn't work for Hoover in the middle of a recession and it won't work for Obama either.

Obama probably has no clue what happened in 1932. Heck, his Vice Presidential candidate thinks Roosevelt (FDR) was president in 1932.

Vegas Vic 10-25-2008 02:38 AM

Quote:

Originally Posted by Grammaticus (Post 1870328)
Your only looking at one component of what Obama says he will do. The total tax increase is greater than what Hoover did in 1932. For example, Hoover's Revenue Act of 1932 implemented a tax of 13.75% on corporations (much less than Obama). Also, the Smoot-Hawley Tariff Act (passed in 1930) was in full effect and added fuel to the fire and of course a world wide depression resulted. Yeah, it didn't work for Hoover in the middle of a recession and it won't work for Obama either.

Obama probably has no clue what happened in 1932. Heck, his Vice Presidential candidate thinks Roosevelt (FDR) was president in 1932.


Unfortunately, I think the debate is about over at this point. I'm astounded at the number of friends that I have, most of whom are very intelligent, who get indignant over any criticism of Obama, despite the fact that they can't cite any accomplishment or any substantive policy issue that they think he will implement. They just "like him" and think it's "time for change." I think that's where the bulk of the country is at right now.

sabotai 10-25-2008 02:44 AM

Quote:

Originally Posted by Grammaticus (Post 1870328)
The total tax increase is greater than what Hoover did in 1932.


Considering the amount of different kinds of taxes we have now compared to 1932, I would think it would be rather easy to have a "total tax increase greater than what Hoover did" after you added everything up.

Quote:

For example, Hoover's Revenue Act of 1932 implemented a tax of 13.75% on corporations (much less than Obama).

Which was an increase of 1.75% in corporate net income tax (which was a flat tax back then). Is Obama planning a larger increase in that tax? A quick google search only shows that McCain plans to lower it, but nothing on Obama doing anything to it.

Quote:

Also, the Smoot-Hawley Tariff Act (passed in 1930) was in full effect and added fuel to the fire and of course a world wide depression resulted.

Trust me, I know all about that one. I may have ranted about it at some point in that past on here.


Don't take my reply earlier as a defense or support for Obama's tax plan. From what I see, we're probably screwed with either Obama's or McCain's plan getting passed. I just think the comparisons to Hoover are pretty silly (which would put them on par with just about everything else going on in this election).

Tigercat 10-25-2008 04:59 AM

Quote:

Originally Posted by Vegas Vic (Post 1870345)
Unfortunately, I think the debate is about over at this point. I'm astounded at the number of friends that I have, most of whom are very intelligent, who get indignant over any criticism of Obama, despite the fact that they can't cite any accomplishment or any substantive policy issue that they think he will implement. They just "like him" and think it's "time for change." I think that's where the bulk of the country is at right now.


Have the masses ever talked deeply about policy? If Obama wins, he would have put forth more specific policy details than any elected President in my lifetime. His tax proposal alone has more specifics than any candidate has put forth in decades.

Sounds a little bit like you "just don't like him." Or at least some of bandwagoning going on around him. Thats just presidential politics.

Passacaglia 10-25-2008 10:37 AM

Quote:

Originally Posted by article that Arlie quoted
In any case, lifting the cap would change the nature of Social Security from an insurance program -- which pays out based on how much you paid in -- into a wealth-transfer program that is far more progressive.


I wonder how many people think that that's what Social Security is supposed to be, anyway.

Warhammer 10-25-2008 10:39 AM

Quote:

Originally Posted by Tigercat (Post 1870355)
Have the masses ever talked deeply about policy? If Obama wins, he would have put forth more specific policy details than any elected President in my lifetime. His tax proposal alone has more specifics than any candidate has put forth in decades.

Sounds a little bit like you "just don't like him." Or at least some of bandwagoning going on around him. Thats just presidential politics.


You been listening to the same guy I have?

GrantDawg 10-25-2008 11:50 AM

Dang, Palin just needs to stay away from hockey games. First the booing, and now this:

Goalie injured after tripping on Palin carpet | ajc.com

Goalie injured after tripping on Palin carpet

By JIM SALTER
Associated Press Writer
ST. LOUIS — Blues goalie Manny Legace left after one period Friday night with a hip injury that occurred when he slipped on the carpet placed on the ice for Republican vice presidential candidate Sarah Palin.

The Alaska governor dropped the ceremonial first puck before the Blues hosted the Los Angeles Kings. A narrow carpet walkway was placed from the gate at the Blues bench to center ice for Palin, her husband and two of her daughters.

Just before the ceremony, Legace was the first player onto the ice for St. Louis. A team official pointed to the carpet. But Legace said the official moved his own foot from the carpet just as Legace stepped down, causing the carpet to slide.

Legace fell, then gingerly made his way to the crease. After Legace's mishap, the official rolled up enough of the carpet so other players wouldn't have to step on it.

Legace described the injury as a strained left hip flexor. He doesn't believe it is serious but said it is painful. He said he won't play Saturday when the Blues host Florida, but wasn't sure if he'd miss any additional games. "I felt a pull right away," Legace said. "I was hoping it would just go away." But after making his first save, the injury felt worse, Legace said. He played one period, giving up two goals on 12 shots. After the intermission, the team said he suffered a "lower body" injury but did not immediately elaborate. He was replaced by Ben Bishop, making his NHL debut.

Legace is 4-2 with a 2.94 goals-against average in six games this season. He is 313-291 in his nine-year career. He was selected to the Western Conference All-Star team last season.

It was Palin's second appearance at an NHL game this month. She also dropped the ceremonial puck at Philadelphia on Oct. 11.

Legace didn't blame Palin for the injury.

"She's been pretty good for our game," Legace said. "I'm starting to like her more and more. No grudge."

Big Fo 10-25-2008 01:40 PM

The Flyers finally won yesterday, their first win since Palin dropped there a few weeks ago. With Legacy's injury and the Blues losing last night I guess the curse has been passed on.

sabotai 10-25-2008 02:00 PM

Quote:

Originally Posted by Big Fo (Post 1870489)
The Flyers finally won yesterday, their first win since Palin dropped there a few weeks ago. With Legacy's injury and the Blues losing last night I guess the curse has been passed on.


Maybe not. The Flyers won on the road, not at the Wachovia Center. ;)

Crapshoot 10-25-2008 02:46 PM

Quote:

Originally Posted by ISiddiqui (Post 1870316)
I think just about every Dem not related to Harry Reid would rather see Hillary in the Senate Majority slot... let's see if they have the balls to can Harry Reid's worthless ass though.



Yes. It's basically a whoever gets the most vote. Usually each party nominates their person and everyone in the party votes for that nominee (and you better if you want the good slots).


Agreed, but apparently Harry Reid is beloved by his colleagues. And Pelosi, for all her flaws, is a bare-knuckled politician, and I'd be shocked to see her lose that role.

SirFozzie 10-25-2008 03:21 PM

Christian right intensifies attacks on Obama - Yahoo! News


Terrorist strikes on four American cities. Russia rolling into Eastern Europe. Israel hit by a nuclear bomb. Gay marriage in every state. The end of the Boy Scouts. All are plausible scenarios if Democrat Barack Obama is elected president, according to a new addition to the campaign conversation called "Letter from 2012 in Obama's America," produced by the conservative Christian group Focus on the Family Action.

Do they not realize how incredibly counterproductive this is and how idiotic it makes them look?


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