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View Full Version : Obama has Called for Highest Sustained Taxation in U.S. History



Libhater
04-22-2014, 10:28 AM
Perhaps this is his way of creating jobs.

http://conservativebyte.com/2014/04/obama-calls-highest-sustained-taxation-u-s-history/

Captain Obvious
04-22-2014, 10:29 AM
conservativebyte...

sure

Libhater
04-22-2014, 10:35 AM
conservativebyte...

sure

Byte me if you can't handle the facts.

Peter1469
04-22-2014, 10:47 AM
Here is another news site (http://cnsnews.com/news/article/terence-p-jeffrey/obama-calls-highest-sustained-taxation-us-history).


Under Obama’s proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024. During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP.


America has never been subjected to a ten-year stretch of taxation at that level.

nathanbforrest45
04-22-2014, 10:48 AM
I am always amused by those folks who disdain information that does not come from their "approved" sources. Is the truth any less true because its from Mad Magazine than from Newsweek? Its fascinating that those who only want their sources to be from those they deem elite enough never question the validity of the statements being made, just the source. One must wonder just what are they afraid of?

nic34
04-22-2014, 10:57 AM
That's what happens when you run up the credit card to fund 2 wars and a dumb medicare tack-on....

Kalkin
04-22-2014, 11:25 AM
That's what happens when you run up the credit card to fund 2 wars and a dumb medicare tack-on....
Good god, come up with some fresh propaganda. That "credit card run up" meme falls flat when you compare senator obama's stance on the debt ceiling to president obama's massive hypocritical flip-flop.

Peter1469
04-22-2014, 11:33 AM
That's what happens when you run up the credit card to fund 2 wars and a dumb medicare tack-on....

10 years of those wars cost about as much as Obama's first 2 deficits.

Cigar
04-22-2014, 11:38 AM
10 years of those wars cost about as much as Obama's first 2 deficits.

Everything didn't start at Zero on January 20th 2009 :laugh: ... Veterans and their families will be the first to tell you that.

Ravi
04-22-2014, 11:39 AM
Here is another news site (http://cnsnews.com/news/article/terence-p-jeffrey/obama-calls-highest-sustained-taxation-us-history).

CNS is not a better site.

Reuters is pretty good and big surprise, more accurate.

It proposes to boost revenue by limiting tax breaks for wealthy Americans and businesses, imposing a new tax on millionaires, raising tobacco taxes, and restoring estate and gift taxes to their previously higher, 2009 levels.
At the same time, it would boost spending by expanding cash tax credits for low-income Americans, canceling the "sequester" automatic spending cuts to military and domestic programs, and increasing funds for job training programs, among other changes.

http://www.reuters.com/article/2014/04/17/us-usa-fiscal-obama-idUSBREA3G1AW20140417

Peter1469
04-22-2014, 12:05 PM
Everything didn't start at Zero on January 20th 2009 :laugh: ... Veterans and their families will be the first to tell you that.

Right. I am not sure where you copied those two sentences from, or why you thought that they should be pasted here.

patrickt
04-22-2014, 12:43 PM
That's what happens when you run up the credit card to fund 2 wars and a dumb medicare tack-on....

Wrong, Nic. That's what happens when you put a socialist in office. We funded WWII, we funded Korea, we funded Vietnam but we can't keep funding the level of vote buying that socialists demand.

Captain Obvious
04-22-2014, 02:27 PM
That's what happens when you run up the credit card to fund 2 wars and a dumb medicare tack-on....

derp

Mainecoons
04-22-2014, 06:21 PM
Nic is in total denial about the size of the ObamaDeficits.

In fact, Nic is in total denial about anything approaching reality. :rofl: