Tuesday, October 19, 2010
News Morning Newsdome: Hooray for tax cuts we didn't know we had!
Posted by Bobby Feingold @senorbobby on Tue, Oct 19, 2010 at 10:41 AM
- Joeff Davis
- Obama: I knew I should have sent out fattie checks!
>> After the federal government tried to stop her "Don't Ask, Don't Tell" injunction, Judge Virginia Phillips issued a new ruling yesterday rejecting the government's request. The Department of Justice said an immediate injunction would undermine a global survey figuring out how to allow "openly homosexual" soldiers to serve, but Phillips points out that she ordered the military to stop kicking out gays, not to stop them from creating a better policy. These soldier's sexual identities must be even more confused now after this back and forth, in and out of the closet. (the LA Times)
>> After reviewing 102,000 cases and not finding "a single example where a foreclosure proceeding was brought in error" (ahem), Bank of America is ending its nationwide foreclosure freeze and resuming in 23 states where a judge is required. Because every Bank of America customer knows that the bank has never made any mistakes. (AP)
>> After new services from some telecommunication companies like Verizon, AT&T and Comcast have caused technical problems for surveillance, law enforcement is pushing to require phone and broadband carriers to ensure their networks can be wiretapped. Big Brother is watching ... you text like a teenage girl. (the New York Times)
>> And finally: The United Arab Emirates' Supreme Court ruled yesterday that a man can beat his wife and kids, as long as he leaves no visible marks. Keep it to emotional scarring, people. (AP)
Comments (14)
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"And finally: The United Arab Emirates' Supreme Court ruled yesterday that a man can beat his wife and kids, as long as he leaves no visible marks. Keep it to emotional scarring, people."
Is that like the Old English law stating you can beat your wife with a stick as long as it is no thicker than your thumb? You know, the rule of thumb?
I don't know about wives, but men should be able to beat their children if they're not leaving marks. I believe that's the law here.
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Congress hasn't passed a budget for the next fiscal year and we have a LARGE differences between revenues (taxes) and spending and no one knows what the tax rates for individuals and businesses will be on January 1st. Only 47% of people pay federal taxes anyway.
Sorry PistolPete, but you've got your facts wrong. 47% of HOUSEHOLDS (not people) owed no federal INCOME taxes in 2009. You're forgetting that there are payroll taxes, investment taxes, excise taxes, etc. You've also got that 47% on the wrong side. 53% of households owed federal income tax last year, 47% did not.
Your are right ptkdude - 47 percent of U.S. households will pay no federal income tax and yes many of them pay other kinds of taxes – state tax, property tax, cigarette tax at a time of massive increases in federal spending, half the country is effectively making no contribution to it. We have a giant government, a fat bureaucracy, enormous spending, huge deficits, generations of debt, and an ever smaller proportion of citizens paying for it.
pp, remind me where MOST of that debt came from?
http://twitpic.com/2z1vxa
if u have a more up-to-date graph, feel free to cut and paste the info just this once.
This is where he says the Republican congress gets the credit for Clinton's economic policy, but not the first six years of GWB's, and that the dot-com bubble is why GWB racked up so much debt.
Let's stay current. This is the debt we are looking at. True Republicans were awful - let's clean it up and focus on solutions. We have no Budget for next FY and no idea what the tax codes will be.
http://research.stlouisfed.org/fred2/graph…
Why do 47% of households pay no income tax?
When it's 51%, who will benefit and how?
How much should the guvmint be allowed to beat us as long as there are no visible marks?
Yea concerns about addressing the deficit is why Obama responsibly proposed to not extend the unfunded bush tax cuts to the top %2. Which wouldn't impact needed spending by individuals.
Keep in mind doing nothing during this recession and collapse would have run up the deficit even more.
so 57% pay income taxes (I guess the Deal household is in the 43% group - good to know on this I'm in the majority and Deal is the minority) and of course as stated household income taxes are certainly no where near close to all revenues collected.
Keep in mind "As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%," http://sociology.ucsc.edu/whorulesamerica/… So 20% of the people own 85% of the wealth. And studies state that number is growing.
Yeah, some people have more stuff than others. But the top 50% of income earners pay 97% of all federal income taxes...and the top 1% of income earners pay 39% of all federal income taxes.
So who's not paying their fair share?
Also, what is an unfunded tax cut? That belies the liberal idea that all money is the government's and it is then distributed and accounted for. It's not an accurate description of the process.You collect the money and THEN you fund things. It's not the other way around.
InAtl - I think that someties you are so left leaning that you fail to see how left leaning you really are on many issues. You and I agree on some things like immigration (mostly anywway) and some other social issues but on policy and fundamentals you and I are very opposite. But I think it brings good debate at times.
The tax cut was unfunded in the budget. All money is the governments? not sure what that means. I'm not sure, I just don't think the rich are paying to much now, which could be fair or unfair. And I think rolling back the tax cut for them makes sense.
Pete I'm fine being called far left though I am a firm believer in the capitalist system which apparently puts me to the right of our Socialist/Marxists President. ha ha.
I do tend to get my hackles up when I think people or an individual is unfairly treated. My heart went out to the members of Rev Wright's church and to some extent Rev Wright (though in the end he threw himself into the circus - but then can I blame him for that miss of a press conference? But after such an eloquent Bill Moyer interview, and even his handling of Sean Hannity - how frustrating). Anyway the congregation was the real victims of our country's ADHD and evil people like Sean Hannity.
And of course the use of Marxism or Socialist in describing Obama just has me picturing the slamming doors from the Get Smart TV Series opening. Except these doors are in the mind, mine and the person saying it - in that the discussion has Jumped the Shark and thus in my case its time to close the mind before it gets damaged from a malicous virus. And in the case of the proponent they obviously have a talking point stuck in their head that is just pinging non stop inside a sealed cavern.
And yes we I agree we disagree on many things - though I think at this point that goes without saying.
the seldom talked-about (and growing) disparity between the upper class and the rest of us isn't good for the country.
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