Should the Bush tax cuts be extended?

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Discussion Overview

The discussion centers around the potential extension of the Bush tax cuts, particularly in the context of economic conditions and fiscal responsibility. Participants explore various viewpoints on the implications of extending or allowing the tax cuts to expire, touching on themes of economic impact, fairness, and political bias in polling options.

Discussion Character

  • Debate/contested
  • Conceptual clarification
  • Meta-discussion

Main Points Raised

  • Some participants argue that raising taxes during a recession is unwise, suggesting that it would be a gamble the country should avoid.
  • Others propose that the top 2% of earners can afford to see their tax breaks expire, indicating a belief that they should contribute more.
  • Several participants express frustration over the lack of options in the poll, particularly the absence of a choice for no extension of any tax cuts, which they view as biased.
  • One participant highlights the cyclical nature of borrowing from foreign entities to fund tax cuts for the wealthy, arguing that this exacerbates the trade deficit.
  • Another viewpoint suggests that the Bush tax cuts should be rebranded to remove the association with the former president, proposing a new name to reframe the discussion.
  • Some participants assert that the tax cuts will phase out automatically, questioning the necessity of a vote on their extension.
  • There is a contention regarding the semantics of tax cuts versus tax hikes, with participants debating the implications of allowing tax cuts to expire versus actively raising taxes.
  • A later reply acknowledges the omission of the "no" option in the poll as an oversight rather than intentional bias.

Areas of Agreement / Disagreement

Participants do not reach a consensus on whether the Bush tax cuts should be extended or allowed to expire. Multiple competing views are presented, with significant disagreement on the implications of the tax cuts and the framing of the discussion.

Contextual Notes

Some participants note that the discussion is limited by the framing of the poll options, which they argue does not adequately represent the full spectrum of opinions on tax policy.

Should the Bush tax cuts be extended?

  • Extend all of the Bush tax cuts permanently

    Votes: 16 45.7%
  • Extend some of the Bush tax cuts permanently

    Votes: 5 14.3%
  • Extend some of the Bush tax cuts temporarily

    Votes: 12 34.3%
  • Extend all of the Bush tax cuts temporarily

    Votes: 2 5.7%

  • Total voters
    35
  • #511
Al68 said:
And of course control spending. What are the chances Republicans will actually do that instead of betraying those of us who voted for them?
That is the question. It depends I think on whether they can do away with earmark bribery, and so far, based on the actions of the Speaker to be it looks good.
http://politifact.com/truth-o-meter...6/john-boehner/rep-john-boehner-earmark-free/
 
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  • #512
mheslep said:
Upon consideration I'm retracting this. Approve the tax deal (they did) with the spending, and take out the spending next month when Pelosi gives up the gavel.
But they can't do that. As soon as Obama signs the bill, the money has been appropriated, and Obama needs no further authorization to cut the checks.

The only way to stop spending already appropriated is to pass another law, which Obama can veto.
 
  • #513
mheslep said:
That is the question. It depends I think on whether they can do away with earmark bribery, and so far, based on the actions of the Speaker to be it looks good.
http://politifact.com/truth-o-meter...6/john-boehner/rep-john-boehner-earmark-free/
I'm not so sure. According to that same article, Boehner said he didn't oppose all earmarks.

But maybe there's a good chance of eliminating most of them.

As a side note, can you believe the stunt Reid actually tried to pull? Did he really think he could pass a monstrous pork-fest now? What was he thinking?
 
  • #514
Al68 said:
As a side note, can you believe the stunt Reid actually tried to pull? Did he really think he could pass a monstrous pork-fest now? What was he thinking?
He was thinking he could get away with it, and almost did. I dislike Reid more than any other political figure out of prison that I can think of in modern US history.
 
  • #515
Al68 said:
But they can't do that. As soon as Obama signs the bill, the money has been appropriated, and Obama needs no further authorization to cut the checks.

The only way to stop spending already appropriated is to pass another law, which Obama can veto.
All the spending for next year has to start in the House. Obama can veto, but he can't force them to put anything in there either. Hence the possibility of a standoff and a government shutdown. The House can also rescind money. As we saw from the Stimulus, the fed govt. doesn't move that fast.
 
  • #516
Al68 said:
As a side note, can you believe the stunt Reid actually tried to pull? Did he really think he could pass a monstrous pork-fest now? What was he thinking?

Why would you expect anything less of Reid? Btw - how is his train project coming along - anybody have an update?
 
  • #517
During the signing, did President Obama indicate he inherited these tax credits (from Bush) - did he use the Bush name this time?

It's a good thing he didn't have to pay an inheritance tax.:smile:(sorry)
 
  • #518
mheslep said:
All the spending for next year has to start in the House. Obama can veto, but he can't force them to put anything in there either.
Perhaps I misread your post. I thought you were referring to spending that was already appropriated.

Sure, Republicans are under no obligation to continue any Democratic Party promise or agenda item, despite their predictable screaming of bloody murder. And I hope this time, Republicans don't agree to bloated spending like they did last time they got the house. They should realize that Democrats will scream the same exact "message" they have for decades no matter what Republicans do, unless of course they do the unthinkable and capitulate to every unreasonable demand.
 
  • #519
Al68 said:
Perhaps I misread your post. I thought you were referring to spending that was already appropriated.
Both new and old. Through new appropriation they can net out to zero that which was just done, and as I understand it they can also rescind spending for that which hasn't actually been executed by the executive. As I said, having Congress appropriate doesn't mean the government turns on a dime to spend it all in two months.
 

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