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Post by Maxflex on Jan 21, 2013 5:40:13 GMT -8
www.washingtonpost.com/business/economy/senate-democrats-budget-plan-will-reopen-battle-over-taxes/2013/01/20/dc779300-632b-11e2-85f5-a8a9228e55e7_story.html]Senate Democrats’ budget plan will reopen battle over taxes Senate Democrats plan to draft a budget blueprint that calls for significantly higher taxes on the wealthy, oil and gas companies and corporations doing business overseas, reopening a battle over taxes Republicans had hoped to lay to rest with the “fiscal cliff.” For nearly four years, Senate leaders have ducked their legal duty to craft a comprehensive budget framework. Now, however, Democrats see the budget process as “a great opportunity” to pursue additional tax increases — and to create a fast-track process to push them through the Senate, Sen. Charles E. Schumer (D-N.Y.) said Sunday on NBC’s “Meet the Press.” This could lead to a filer buster, if all the Democrats are willing to do is raise taxes. www.washingtonpost.com/business/economy/senate-democrats-budget-plan-will-reopen-battle-over-taxes/2013/01/20/dc779300-632b-11e2-85f5-a8a9228e55e7_story.html]The announcement comes days after House Republicans offered to forgo a potentially damaging clash over the federal debt limit, saying they would vote this week to permit the government to continue borrowing through mid-April. In return, House leaders demanded that the Senate revive the traditional budget process, by which the two chambers adopt their own blueprints and work out differences in conference committee. With the offer, the GOP backed off its hard-line stance that any increase in the debt limit be paired with spending cuts of equal size — “a major victory for the president,” Schumer said. Oh yes, we clearly see where Republicans are willing to comprise What about the Democrats?. www.washingtonpost.com/business/economy/senate-democrats-budget-plan-will-reopen-battle-over-taxes/2013/01/20/dc779300-632b-11e2-85f5-a8a9228e55e7_story.html]Fresh deadlines loom in March: Sharp automatic spending cuts are due to hit the Pentagon and other federal agencies at the beginning of the month. And a temporary funding measure will expire at the end of the month, shutting down the government unless Congress acts. Why is it that when a shutdown happens, Congress still gets paid but the troops are threaten to go without? www.washingtonpost.com/business/economy/senate-democrats-budget-plan-will-reopen-battle-over-taxes/2013/01/20/dc779300-632b-11e2-85f5-a8a9228e55e7_story.html]Because they are fraught with political pitfalls, budgets are protected from filibuster in the Senate, so Democrats could pass a budget without Republican votes. A budget blueprint is also the only way to create a fast-track process for deficit reduction, known as reconciliation, which is also protected from filibuster. So no protection from a bad budget except votes. As always, when you read it. WE wants more revenue to run the wasteful budgets we created. ~sigh~ Maybe firing them all is the best plan.
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Post by msguide on Jan 21, 2013 6:10:27 GMT -8
I with they would outlaw built in taxes and payroll deduction. People have no idea how much tax they pay. The technology is there for people to pay a tax bill every month. How much does it cost?
No more tax at the pumps. No more tax on commodities. No more toll roads and nickel-and-dime taxes. No more payroll deduction. Take your paycheck and write a check to the government.
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Post by george1861 on Jan 21, 2013 6:36:07 GMT -8
I with they would outlaw built in taxes and payroll deduction. People have no idea how much tax they pay. The technology is there for people to pay a tax bill every month. How much does it cost? No more tax at the pumps. No more tax on commodities. No more toll roads and nickel-and-dime taxes. No more payroll deduction. Take your paycheck and write a check to the government. So...you want to have an Income Tax only? I believe to opposit, the Fair Tax is better. Having to write your tax bill everry month would be an eye opener for idiots who like witholding thinking they're "gettiong something" out of it. |
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Post by Maxflex on Jan 21, 2013 6:55:34 GMT -8
Would not work, people would just not pay there taxes.
Heck, think about it. Many people in government already avoid it. How often have we seen in the news where congress has members who have not paid taxes, much less Presidential appointees?
Could you see what would happen if the "common" man or woman did not pay theirs?
And then there are the local State, Cities, Towns and counties (where are they collecting information for taxes?). Each having to send out tax bills each month. The manpower alone would be overwhelming.
Then again, do you have a plan to do this? Like the honor system? Sat 13% to the Feds, 10% to states and so on?
I see simple math errors causing trouble.
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Post by george1861 on Jan 21, 2013 18:40:11 GMT -8
Would not work, people would just not pay there taxes. Heck, think about it. Many people in government already avoid it. How often have we seen in the news where congress has members who have not paid taxes, much less Presidential appointees? Could you see what would happen if the "common" man or woman did not pay theirs? And then there are the local State, Cities, Towns and counties (where are they collecting information for taxes?). Each having to send out tax bills each month. The manpower alone would be overwhelming. Then again, do you have a plan to do this? Like the honor system? Sat 13% to the Feds, 10% to states and so on? I see simple math errors causing trouble. People wrote checks @ the end of the year untill witholding was invented to help create an even steady flow of funds during WWII. |
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Post by jayohen on Jan 21, 2013 20:25:38 GMT -8
For nearly four years, Senate leaders have ducked their legal duty to craft a comprehensive budget framework. What legal duty? Article I, section 7 states, "All Bills for raising Revenue shall originate in the House of Representatives" where is the constitutional requirement that the senate draw up a budget? |
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Post by Maxflex on Jan 22, 2013 4:38:40 GMT -8
Would not work, people would just not pay there taxes. Heck, think about it. Many people in government already avoid it. How often have we seen in the news where congress has members who have not paid taxes, much less Presidential appointees? Could you see what would happen if the "common" man or woman did not pay theirs? And then there are the local State, Cities, Towns and counties (where are they collecting information for taxes?). Each having to send out tax bills each month. The manpower alone would be overwhelming. Then again, do you have a plan to do this? Like the honor system? Sat 13% to the Feds, 10% to states and so on? I see simple math errors causing trouble. People wrote checks @ the end of the year untill witholding was invented to help create an even steady flow of funds during WWII. Well yes, that is true. And I have posted before links about why withholding was created. In 1913, the 16th Amendment to the Constitution made the income tax a permanent fixture in the U.S. tax system. The amendment gave Congress legal authority to tax income and resulted in a revenue law that taxed incomes of both individuals and corporations. In fiscal year 1918, annual internal revenue collections for the first time passed the billion-dollar mark, rising to $5.4 billion by 1920. With the advent of World War II, employment increased, as did tax collections—to $7.3 billion. The withholding tax on wages was introduced in 1943 and was instrumental in increasing the number of taxpayers to 60 million and tax collections to $43 billion by 1945.But if you notice, taxes were mostly tariffs or the well-to-do. While I can not find the same link I found before about the man who came up with a working plan to withhold taxes by having the employer withhold axes during the year. I understand why it happen. But I also think it was what cause government wasteful spending. After all, all that money was burning a hold in there pocket. [1] In 1943, Congress passed the Current Tax Payment Act, requiring taxpayers to stay current on their tax liability through a vast new withholding system applied to wages and salaries. The law represented a victory of sorts for the Treasury Department, where tax officials had been promoting current collection for years. Success, however, was a near thing, coming only after Treasury and White House policymakers staved off a tax forgiveness plan championed by one of America's leading businessmen. |
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Post by Maxflex on Jan 22, 2013 5:03:44 GMT -8
For nearly four years, Senate leaders have ducked their legal duty to craft a comprehensive budget framework. What legal duty? Article I, section 7 states, "All Bills for raising Revenue shall originate in the House of Representatives" where is the constitutional requirement that the senate draw up a budget? Ah yes, just have to love how quickly links on the internet disappear. Such as the link which said it was the duty of government to created budget. For nearly four years, Senate leaders have ducked their legal duty to craft a comprehensive budget framework. Now, however, Democrats see the budget process as “a great opportunity” to pursue additional tax increases — and to create a fast-track process to push them through the Senate, Sen. Charles E. Schumer (D-N.Y.) said Sunday on NBC’s “Meet the Press.”So if you want to know more, you could write Sen. Charles E. Schumer (D-N.Y.) and asked him. Bu the first step is when The President submits his proposed budget to Congress. Obama’s dereliction of duty
February 16, 2012
President Obama has delivered the last budget of his term. Three of the four, including this one, were submitted late, shattering the previous record for an administration. Each of the four proposed more than $1 trillion in higher taxes on hard-working families and businesses, along with trillions in new spending and borrowing instead of a real strategy for growth and jobs. And — most disappointing of all — none of the four offered a credible plan to lift the crushing burden of debt, thus committing current and future generations to diminished prosperity and a nation in decline.
Although the White House claims to include $4 trillion in deficit reduction, the president’s budget actually contains virtually no credible deficit reduction at all. Under his plan, the government is projected to borrow $11.2 trillion over the next 10 years. This is roughly the same amount of debt we are expected to incur under realistic projections of current policy. The budget does not change our debt trajectory.It might be fun to see what Obama next "budget" might be. |
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Post by msguide on Jan 22, 2013 5:45:22 GMT -8
I with they would outlaw built in taxes and payroll deduction. People have no idea how much tax they pay. The technology is there for people to pay a tax bill every month. How much does it cost? No more tax at the pumps. No more tax on commodities. No more toll roads and nickel-and-dime taxes. No more payroll deduction. Take your paycheck and write a check to the government. So...you want to have an Income Tax only? I believe to opposit, the Fair Tax is better. Having to write your tax bill everry month would be an eye opener for idiots who like witholding thinking they're "gettiong something" out of it. No, I'm not saying that. I'm saying all taxes should be paid monthly by check or bank draft. One lump sum. Those who attack high income earners have no idea how much people are taxed across the board. It's not enough that they pay built in taxes at every level, but still must have a portion of what they earn confiscated by government. The gas company owners have been called before Congress, where Congress is reminded the government makes more off a gallon of gas than a gas company. Take away that tax and then we know how much gas really costs. And how much we are taxed. Make everyone pay the same. Charge them every month. If they don't pay, they go to jail. Of course some people can't pay because they are too young or disabled, but even "unemployed" people manage to find a way to have what they want. |
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Post by msguide on Jan 22, 2013 5:46:11 GMT -8
For nearly four years, Senate leaders have ducked their legal duty to craft a comprehensive budget framework. What legal duty? Article I, section 7 states, "All Bills for raising Revenue shall originate in the House of Representatives" where is the constitutional requirement that the senate draw up a budget? The House didn't do it either. Epic fail, Nancy and John. |
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Post by george1861 on Jan 22, 2013 17:32:38 GMT -8
So...you want to have an Income Tax only? I believe to opposit, the Fair Tax is better. Having to write your tax bill everry month would be an eye opener for idiots who like witholding thinking they're "gettiong something" out of it. No, I'm not saying that. I'm saying all taxes should be paid monthly by check or bank draft. One lump sum. Those who attack high income earners have no idea how much people are taxed across the board. It's not enough that they pay built in taxes at every level, but still must have a portion of what they earn confiscated by government. The gas company owners have been called before Congress, where Congress is reminded the government makes more off a gallon of gas than a gas company. Take away that tax and then we know how much gas really costs. And how much we are taxed. Make everyone pay the same. Charge them every month. If they don't pay, they go to jail. Of course some people can't pay because they are too young or disabled, but even "unemployed" people manage to find a way to have what they want. That's the thing about The Fair Tax, not only does Tncome Tax go away, but Corporate taxes also. You no longer have all of those layers of hidden taxes embedded in the price. Not to mention paying State/local Sales Taxes on the embedded taxes. |
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Post by george1861 on Jan 22, 2013 17:33:56 GMT -8
I saw the guy who thought of witholdings taxes on a TV show not too long ago. Said he wished he hadn't!
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