Republicans Want To Raise Taxes, Obama Disagrees

Denver Post 8/22
lol World upside down?
Republicans would like to increase the amount of Social Security tax, currently held at a much lower rate in a deal brokered by President Barack Obama.

Supposedly the Republicans are unreasonably against any tax increases, but here they support an increase in tax rates.

And another article in the same Denver Post talks about the strains that Social Security is feeling during the Obama years, with so many unemployed no longer contributing and so many more going onto disability, this entitlement is running out of cash faster than earlier estimates.

Yet Obama thinks now would be a bad time to raise these taxes. I guess he would prefer the SS "trust fund" to go bankrupt sooner.

Obama needs to get with the program...Republicans are for anything he is against and vice versa. Then again, maybe he already has gotten the memo and is protesting this tax hike so the Republicans will vote for it. Isn't politics fun!

Might have to agree with Obama on this one. The Social Security/Medicare problem stems from the flawed foundation upon which the programs have been built and that won't be fixed by increasing the amount of the privilege tax or the amount of income subject to the privilege tax. Both of those have been doubled in my lifetime without the problem being fixed. The problem requires a new solution, a fundamental transformation of the programs themselves that bottoms them on something other than the Ponzi foundation upon which they were built.

Obama needs to resign.

I never thought you'd want Joe Biden for President!! rofllol

WayneH wrote: I never thought you'd want Joe Biden for President!! rofllol

Very true, two dumbs don't make a right.

Well, that's what you're advocating. But maybe you were too dumb to realize that.

And actually, a lot of dumbs like you DO make a RIGHT.

archer wrote: Obama needs to get with the program...Republicans are for anything he is against and vice versa. Then again, maybe he already has gotten the memo and is protesting this tax hike so the Republicans will vote for it. Isn't politics fun!

Isn't politics fun? Hmmm. I don't even have to think about that, no I don't think its fun. The country is in a long term downturn, and probably crumbling due to politics. Not fun at all.

As for the OP issue. I believe it is about the ill-guided reduction of 2% in the payroll tax that was supposed to fund the under-funded Social security entitlement program. Bad idea. A $2000 gift to someone earning $100K at a time when SS is cash flow negative already.

Yep, let this tax cut expire as it was originally intended to be temporary anyway.

WayneH wrote: Well, that's what you're advocating. But maybe you were too dumb to realize that.

And actually, a lot of dumbs like you DO make a RIGHT.

Wow, the king of Pun has arrived....now go back reporting about trucks being wedged under bridges.

Joe wrote: Yep, let this tax cut expire as it was originally intended to be temporary anyway.

Yep, like the Bush tax-cuts... They were supposed to be temporary anyway... Let 'em expire.