Bandit
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Thu Sep-08-11 06:06 PM
Original message |
When President Obama says EVERYTHING in his Jobs Program is paid for |
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How are the Tax Cuts paid for I wonder? Especially the payroll taxes....:shrug:
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TheWraith
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Thu Sep-08-11 06:07 PM
Response to Original message |
1. The information sheet the White House passed out covered that. |
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Closing corporate tax loopholes.
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Bandit
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Thu Sep-08-11 06:10 PM
Response to Reply #1 |
2. What corporate loopholes are there in FICA? |
Hosnon
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Thu Sep-08-11 06:14 PM
Response to Reply #2 |
4. Obviously there aren't. But the shortfall is to be made up by the increased revenue from closing |
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the loopholes.
Supposedly.
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Autumn
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Thu Sep-08-11 06:21 PM
Response to Reply #4 |
7. Will the revenue from that be put into the SS fund to make up |
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for the loss of revenue from the payroll tax cuts?
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Hosnon
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Thu Sep-08-11 06:24 PM
Response to Reply #7 |
8. I don't know. Ask the Administration. |
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But I'm sure that's the idea.
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karynnj
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Thu Sep-08-11 06:20 PM
Response to Reply #2 |
6. It doesn't have to be in the same place |
roamer65
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Thu Sep-08-11 06:11 PM
Response to Original message |
3. ..by more borrowing from the Chinese or money creation. |
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Edited on Thu Sep-08-11 06:12 PM by roamer65
Unless we raise taxes, we end up either borrowing or debt monetizing to create the money.
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valerief
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Thu Sep-08-11 06:16 PM
Response to Original message |
5. Payroll tax cut means less SS benefits. nt |
Autumn
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Thu Sep-08-11 06:28 PM
Response to Reply #5 |
9. This should really help with the de funding of SS |
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I thinks it's been a goal for quite a while now.
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TheWraith
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Thu Sep-08-11 07:19 PM
Response to Reply #5 |
11. No, it doesn't. The government pays back for the decline in payroll taxes. |
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In essence, it's a tax cut out of the general fund rather than out of Social Security.
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reformist2
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Thu Sep-08-11 06:33 PM
Response to Original message |
10. The continued defunding of SS *really* worries me. |
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Tue May 07th 2024, 07:13 PM
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