Obama: Don't Extend Tax Breaks for Wealthiest

[americansanscullotes]

What's funny is GE receives huge tax breaks. Because Obama made them shut down regular light bulb factories they have to move their plant to mexico. And still recieve huge tax breaks

[omega4chimp]

Raise taxes for the super wealthy. lower taxes for the poor then they buy more anyway.

[007shagman]

OUT TOTAL COUNTRY HAS FLATLINED F L A T L I N E D

[staggerlee43]

all i want is my taxes cut.thats it.i run a business and work 12 hours a day pay my self for 8.i pay 60% in taxes and workmans comp.how much more do you want me to pay.cut taxes so i can invest in my business which creates jobs.people will have money to spend on goods and services which have to be made and provided.guess what that creates more jobs.now all those people with new jobs pay taxes.cutting taxes increases revenue to the government.cut spending and you will balance the budget.simple.

[Flamingdarkninja]

i would love it if obama came to the keep fear alive rally and have one of these idiots give a fucking speech, they want their voices heard will let them do it in some rational ways! not bitch about something they know so little about

[myHome109]

What the dead-beat clan do not tell you? For every $2,000 per month benefit to the non-tax paying dead-beats, approximately $250,000 in lines-of-credit are removed from the market. For every one person collecting $2,000 per month, 5 people making $50,000 per year lose their jobs. Small businesses are not 100% cash cows, small business owners manage debts. Working capital comes from bank lines of credit. $2,000 per month = $250,000 line of credit! Government free stuffs are mass job killer!

[myHome109]

Under the DEAD-BEAT CLAN exaggerated whines, let us examine who is paying and who are the Dead-beats. 44.4% of all American receive government assistance. 13% of USA House holds pay neither fed income nor payroll taxes. Small Business pay 15.4% Social Security Tax, High income people pay 35% Fed tax + State taxes (NY 8.97% + Local 3.648% = 12.618%) + Plus Property TAX 35%+12.618%=47.618% for high income peoples. Enough is Enough Tax the Dead-beats Government Workers!

[Bardlettt]

@myHome109 So 44% of the American people are deadbeats? You forgot to mention that those "high income peoples" have 34% of the wealth, and that's just the top 1%. They don't spend it on hiring, at least not hiring Americans; instead it's stored in banks (banks I was forced to bail out) or buys cheaper labor overseas. Fuck the rich, a multi-million dollar corporation is not a small business. BTW, bardlettt => never been on public assistance, lives in lowest income bracket.

[omega4chimp]

@Bardlettt lower taxes for the middle income people then they buy more anyhow become super rich it the really poor people that are slackers.

[myHome109]

Mr. Obama and Mr. Axlerod, America cannot afford your scam based accounting practices. Federal, State, County and Local government workers got 6-7% raises negotiated by the Unions. 2% salary and 4-5% pension-healthcare, then this same group of Government workers did not pay Social Security taxes, the government did not match the 7.7% contribution. From a Tax Payers accounting 85% of all Americans have to pay 6%+7.7%+7.7% = 21.4% more taxes to cover this years Gov dead-beat tax evaders!

[myHome109]

Mr. Obama and Mr Axlerod, Both of you are right, Americans cannot afford the programs that enable 70 million Federal State and Local government workers to evade social securities tax (7.7%) at a cost of $270 Trillion per year. 200 million Americans pay this tax, including those making $250K per year. Why do you think government union workers and both of you should not pay these taxes? Dead-Beat Tax Evader - America Cannot Afford You TOO!

[jeremy8080]

Obama talking about deficits.., LOL

[myHome109]

Mr. Obama, Democrats and Unions all support Social Security, Medicare and Medicaid. Currently gov union workers are not paying Social Security taxes. 2009 census total number of state and local government workers 69,539, 049,085 x ave wage ($50K/yr) x 7.7% social securities tax = $267,725,338,977,250 ($267 Trillion per Year Revenue for Social Securities) Federal Workers Nov 2008 1,909,000 x Ave wage ($65K/yr) x 7.7% social securities tax = $9,554,545,000 ($9.5 Trillion) Gov. Union tax balanced

[HemiHead66]

All the Lobbyists are popping out of the woodwork, getting ready for the Republicans to take over so they can continue their tax-payer funded safari. 

[myHome109]

If these taxes are good for American then Government Union Worker should pay their equal share of these taxes. If these taxes are good for Americans then Senators, House or Representatives and the President should pay their fair share of these taxes. Trust me 200,000,000 Americans pay these taxes everyday and still live to tell about how they worked another day!

[myHome109]

It amazing to me, how 85% of Americans (200 million) pay these taxes every day and make these voluntary contributions towards their own retirement and continue to live; …but listen to the WH, Democrats and Government Union workers tell the Americans their entire livelihood, living wages and entire society will collapse if we ask this group of people to pay the same taxes 200,000,000 Americans pay. Dead-Beat Government Union Workers - Tax Evader – Hypocrites – Exaggerated Whiner.

[myHome109]

Many employers match 50% upto 6%. Government workers and Unions contributed "ZERO" toward their own entitlement and pension, they stiffed the tax payer. Government entitlements are called "UNFUNDED MANDATES" because the government and government union employees did not contribute toward their own retirement pensions and entitlements - ZERO.  The Democrats and Unions are sounding and looking like a bunch of "Hypocrites" who raid tax payer funded trust funds for personnal enrichment. Tax Evaders

[myHome109]

Let us compare who is truely the dead-beat tax evader. Small Business owner pay 15.4% Social Securities taxes. State, Municipal government and government workers prior to back-dating 2005 paid "ZERO". Employees of small businesses pay 7.7% social securities taxes and business match 7.7% for 15.4% contribution for employee. State, Municipal union worker paid "ZERO" prior to back-dating to 2005 and their employer paid "ZERO". Small business employees paid upto 15% towards 401K cont.

[myHome109]

. Government Union workers hired before 2005 opted out of Social Securities taxes and paid “Zero”. Local government did not match the Social Securities taxes and paid “Zero”. Government Union workers did not pay for pension or entitlements – they are called unfunded mandates – Ponzi Scams to stiff the tax payers. Government Union Workers, there pension administrators and state – Local Government did not pay Pension Guarantee Trust fund taxes. Unions tax-evaders want your taxes.

[myHome109]

I am an American, I am a Life Long Democrat, I pay my taxes, I believe in the USA Constitution. Small business owners have to pay 15.4% Social Securities taxes. Employees of Small Businesses contribute to 401K and the employees pay 7.7% Social Securities taxes and Small Business Owner pay 7.7% matching Social Securities taxes. Small Businesses hire 60% of all American employees.

[myHome109]

I am an American, a life long democrat! I do not support these Union scams, I believe in the constitution. Obama, Dem. And Unions called their entitlements “Unfunded Liabilities” because these Dead-Beats did not contribute any taxes for their benefits! Most of these members retiring were hired before 2005, therefore they opted out of Social Security taxes, opted out of Medicare Medicaid taxes and did not pay pension guarantee trust fund taxes. Obama stimulus divert funding to UNION tax evaders

[myHome109]

Democratic protection of union workers pensions and destructive budget cut to support unions unfunded entitlement. $1,000 budget cut from early start x 1,000 children x 20 =20,000 children get their breakfast program cut from discretionary budget. 500 College Students + 1,000 Seniors + 20,000 Children = 21,500 people must give up benefits for these 20 Union bus drivers for their unfunded pension!

[myHome109]

Examine Union supported Democratic Legislature budget cuts to protect 20 Union workers entitlements. $1,000 budget cut from 25 collage students with tuition hikes x 20 = 500 freshmen paying more or losing their grants. $1,000 budget cut from senior homecare, rent assistance, healthcare supplement support grant x 50 seniors x 20 = 1,000 senior citizens losing $1,000.

[myHome109]

Democrats and Union taking more than their fair share: Union bus drivers in my city cannot live on $70K per yr.. 20 union members ready to retire at over $100,000 per yr. Let us examine the impact of one Union dead beat who contributed “ZERO” toward retirement entitlement. $100,000 per yr. pension + 4% raise per yr (retire at 55yr and collect 30 yrs pension) = $5.6 million retirement pension. There are 20 union members about to retire this year $5.6 million x 20 = $112 million over 30 yrs.

[myHome109]

Obama, seems like you are president to only 15% of Americans who hold Union card and telling 85% of Americans to go get screwed. These part time jobs are needed for high school graduates, they are experiencing 30-40% unemployment and you're not even counting time. I am an American, I am a Life Long Democratic, ...and you are no longer my president and the democratic party no longer represent my values.

[myHome109]

Obama and Democrats want to tax small business making over $250K revenue. Obama est 2.8% of all small businesses. Look at the real numbers; the 2.8% represent 895,000 small businesses that hire more than 10 people per business. Businesses with 10 emp. taxation means two full time layoff or four part time layoff. Business with 20 emp. taxation means 4 full time layoff or 8 part time layoff. Using Obama's numbers the tax will lose 1,790,000 full time to 7,160,000 part time job loss.

[OBAMASTINKSLIKEANAPE]

His mommy had three husbands, Obama Sr. (Muslim African) Soetero (Muslim Far East) Frank Marshall Davis (Pedophile Commie) (my God what a pedigree) that one or all of them could have chipped in for child support.

[dkkght46]

It's ironic to me that a man who has such large ears could be so tone deaf to the American people.

[dkkght46]

Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data!

[NCMan28025]

@dkkght46 I read that on CNS News and it is backed up by the Congressional Budget Office and the U.S. Treasury. Hard to debate when it is the government agency data.

[BertGriffin88]

There are roughly 33Million extremely wealthy Americans that have stolen large portions of their wealth from the remaining 300Million Americans. They have placed large sums of money in Offshore Tax Havens to avoid paying taxes. The BigRich and the BigBanks&BigBusinesses all play this game as they steal money from the Bottom Class. The Bush&Dick Republicans work for these thieves & receive large sums of money for their services. The Bush&Dick Republicans are criminals & should be imprisoned.

[chingon711]

@BertGriffin88 how the majority of this 300 million paupers can cheerlead for them to take the rest (the little) of what they have left is beyond me.

[BertGriffin88]

@chingon711,

You must be in the upper 1%, who having stolen 10s of Trillions want us paupers to believe that you rich have so little for us to take. Oh boo hoo hoo the rich have so little. What a crock, you thieving bastards need to be stripped of all your ill gotten gains & put in prison.

[NCMan28025]

@BertGriffin88 There are only around 306 million Americans. Maybe you should recheck your stats before looking like a fool. How do you explain these same BigRich, BigBanks & BigBusinesses that went from Bush & Dick to Obama & Biden? Democrats are the ones who fought regulations and now are the ones regulating these so-called theives.

[BertGriffin88]

@NCMan28025,

they don't teach sliding windows in the math taught in NC. But use your numbers,

at 1%, there's 30Million rich thieves & 270Million that have been robbed blind. The Bush&Dick thieves stole everything. Obama&Biden had nothing to work with & the Bush&Dick Republicans made certain that there was nothing to be done to correct this. So you being an obvious Bush&Dick Republican thief-you only want to keep your ill gotten gains. You're an anti American, a true Bush&Dick Republican thief.

[NCMan28025]

@BertGriffin88 Actually, those are Census Bureau numbers. You are an idiot. Pointing out facts isn't anti-American. Then again, you are a typical liberal who can't debate with facts. Instead you want to make it emotional by pushing labels on people. It might work against some folks but your dribble doesn't work with me.

[BertGriffin88]

@NCMan28025,

my dribble don't work. LOL. My dribble don't work, but my hook shot is a mother f___er. Yo, in your face, Bush&Dick Republican thieves. Barack, nothing but net, Obama has just jammed it over your head.

[LibertaerUeberAlles]

@BertGriffin88

Don't forget that the Zionist bankers behind "Bush&Dick" are the same ones who received a trillion-dollar bailout from Barry.

[chingon711]

@LibertaerUeberAlles more reason to cut them off and distribute the difference to the middleclass.

[BertGriffin88]

@LibertaerUeberAlles,

Actually it was a Great Depression Scam pulled off by Bush&Dick&Paulson. The BigBanks&BigBusinesses faked the financial disaster of the century to gain access to Trillions. Obama never saw it coming, until he was over run by this Bush&Dick RepublicanGreat Depression Scam which is still out of his control. The Bush&Dick Republican BigBanks&BigBusinesses just keep stealing&hoarding all the money. They could make more money if they let us work but they're not interested? Why?

[LibertaerUeberAlles]

@BertGriffin88

Speaking of the Great Depression Era, read this online article to discover how the dimwitted criminal and traitor, FDR, deceived America into WW2 on behalf of the pro-Marxist banking cabal. Easily found online, the article is titled:

"Franklin Roosevelt's 'Secret Map' speech"

[towerdawg1976]

Cut the payroll tax! That would be nice.

[HerrSpieldose]

there goes your Israeli lobby support Owebomber!!! tschuss!!

[LibertaerUeberAlles]

@HerrSpieldose

Nah, he's only talking about income taxes.  The ultra-wealthy -- those who most vigorously fund Zionism -- have their monies in "Foundations" which are mostly tax exempt. They won't be affected.

[abarzilai664]

@HerrSpieldose Since when did tax policy concern AIPAC?

[LibertaerUeberAlles]

@abarzilai664

You can google that Zionist organization's "tax exempt" status. Then you'll understand.

BTW, political organizations normally aren't awarded tax exemptions in the US.

[skinhead871]

i hope obama dies :)

[IAmTheCthulhu]

@skinhead871 coming from someone who proudly calls themselves a skinhead. go choke on your daddys dick you pussy ass bitch.

[seenote0]

YEAH OBAMA!!! GOOO OBAMA!!! Stupid Associated press cutting obama's video!

[tradernorton05]

The magic negro is setting the stage to flat-out destroy this country.

Bush got the ball rolling, and now the negro is making the ball go faster.

This idiot does'nt realize that the rich create jobs for the middle class, and cutting the tax break will eventually lead to more job losses.

[LibertaerUeberAlles]

@tradernorton05

Why do you blame a black man for the actions of his Zionist puppetmasters? He's a puppet just like his predecessor, "W." Until you figure that out, you'll keep mistakenly blaming blacks (or whomever) just like the puppetmasters want, and they'll keep using your misdirected ire for their gain.

[tradernorton05]

@LibertaerUeberAlles

Evidently you're confused.

Perhaps you should re-read my original comment.

[jabberwolf]

So what do you think the rich will do?

hire more people now that they have less money?

more projects?

really??!

You guys are stupid- seriously!

You think that people are for "the rich" and are retarded for thinking so.

People are FOR reality and jobs - not pro rich!

[VexZeez]

We need tax breaks for the shrinking middle-class.

[cazyblood3]

"The income tax has made more liars out of the American people than golf has. Even when you make a tax form out on the level, you don't know when it's through if you are a crook or a martyr."

[cazyblood3]

The federal income tax system is] a disgrace to the human race."

[cazyblood3]

The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect."

[synn1980]

Keep lying scum bag...

[midevalcheese]

He sounds like he is running for President.

This must be an old speech.

[ABlackDogProductions]

What a dummy. The middle class know how to spend money better? That's how we got into this mess living beyond our means!!! He obviously doesn't know that rich people employee the middle class by opening businesses. I don't think the rich are going to look to hire people if they get slapped with more taxes. Obama do us all a favor and read Economics for Dummies before you embarrass yourself more.  Better yet, how about writing a check for a few million since you're "wealthy & pay more taxes"

[chingon711]

dont extend tax breaks for those living high on the hog? makes perfect sense and i completely agree...thanks mr obama and ill make sure to vote for you 2012 if you run again.

[NCMan28025]

@chingon711 Yeah, those small business owners, who generally make above $250K don't deserve a tax cut. They only create 47% of the jobs in America. This is just more of Obama's spread the wealth economy.

[chingon711]

@NCMan28025 if you're a "small business" and making 250k a year in this economy, you are doing damn well and better than most.

[NCMan28025]

@chingon711 And now that they know Obama is going to raise their taxes, guess what happens? No job creation. Obama talks about admiring JFK, I wish he would follow JFK's lead on tax cuts. Tax cuts produce revenue and the economy grows. The economy grows and more businesses will hire, thus taking millions of Americans off the unemployment rolls. Less people taking unemployment checks means the deficit can shrink. This happened under JFK and Reagan. Obama is doing the opposite.

[chingon711]

@NCMan28025 what jobs are you talking about? there are none and the claim the rich have created jobs is completely false...to say "economy is growing" is another falsehood and an illusion being that the proof is in the pudding.

[NCMan28025]

@chingon711 Yes, its the poor and those who make below $250K that provide jobs and paychecks. The Government Accountability Office is where you will find the stats that small business owners tend to make above $250K and create around 47% of all jobs. The proof is in the numbers. We have had 16 straight months of 9% + unemployment rate. The Bureau of Labor Statistics shows that we have a 3.8 million jobs deficit since Feb 2009. Yes , the proof is in the pudding of numbers.

[chingon711]

@NCMan28025

"Yes, its the poor and those who make below $250K that provide jobs and paychecks. "

you have nothing to worry in this case if you're a small business owner making less than 250k because obama plans to raise taxes only for those who make earnings above that amount.

[NCMan28025]

@chingon711 That was sarcasm, since the poor, and those making below $250K don't create jobs or give out paychecks. I never had a poor person give me a job or check. Facts are facts. This is just class warfare from Obama and the Democratic Party. These are the same idiots who bitched about Bush's tax-cuts causing deficits and even when you take out the top 2%, it still will cost $3 trillion (according to the CBO). $700 billion to create jobs or $3 trillion to spread the wealth? I'll pick jobs.

[warcraft1920]

@NCMan28025 Your wrong 95% of jobs are created by small buisness. Repubs have engaged in class warfare since they used the southern stratagy. The dems cant raise taxes on the middle class cause those people have little money while wages for the top 3% have increased by 60% since the recession. Those are facts. I believe we should raise taxes on everyone but not right now. Right now we raise them on the top 3%.

[NCMan28025]

@warcraft1920 I think I will stick with GAO numbers. As for the classs warfare, listen to political speak and you will see this is what Obama and Democrats commonly engage in. Did you not hear Obama say extend those evil Bush tax cuts to the poor and middle class? Why should the successful be discriminated against because the first $862 billion stimulus failed? Those evil rich folks also pay 73% of all federal income tax while 47% of Americans pay no federal income tax.

[chingon711]

@NCMan28025 what jobs do you keep talking about? last i checked the unemployment rate is revolving around 20 percent...there are NO jobs and the rich are doing nothing to help it aside from asking the govt for another hand out...its not fair that those making less disproportionately pay more than those making huge profits...facts are facts.

[NCMan28025]

@chingon711 What is the reason businesses aren't hiring? They're not sure what their tax rates will be? I'm just saying, lets be fair. Why should the successful be punished because Obama's $862 billion stimulus failed? Those evil rich people are the same evil rich that pay for 72% of all federal income taxes while 47% of Americans pay no federal income tax at all but still benefit. People are sick of hearing Obama and Democrats bitch about the successful in society while rewarding unproductives.

[chingon711]

@NCMan28025 just because the rich got the better end and are generally more successful doesnt necesarily mean they're evil...the main reason the rich are given tax breaks as you may also agree is so that they can create more jobs, most especially in a downturn, which they clearly havent done...you should write a check with the difference and send it to them if it would make you feel better.

[NCMan28025]

@chingon711 No the class warfare should end. How about a flat tax for everyone? We have a president who seems to have an agenda against success. He mentions the cost of $700 billion if we extend the tax cuts to the top 2% but fails to mention that the tax cuts to the poor and middle class will cost $3 trillion. Also, a tax cut isn't the government giving us money back, it is the government taking less from our pockets. Obama's Keynesian economic theories have been proven wrong by his stimulus.

[chingon711]

@NCMan28025 the stimulus you keep harping about went to the big banks and the too-big-too-fail wall street firms who probly used to cover outrageous bets and build their savings at the expense of the middleclass who saw nothing of that money aside from a measly tax credit to buy car or a house...no jobs, no tax breaks...and the idea that govt would be taking less from my pocket and more from those who are not fulling their end of the bargain sounds perfectly reasonable.

[NCMan28025]

@chingon711 The $700 billion TARP went to bailout out the Wall Street and the too big to fail banks. Obama's $862 billion stimulus was to 'stimulate' the economy, keep unemployment below 8% and create (not save) 3.5 million jobs immediately. As Obama said "shovel-ready" jobs.

You continue with the taking from those who don't fulfilling the end of the bargin. Are you talking about the rich who pay 72% of all federal income tax? This is a progressive talking point that is easily defeated.

[chingon711]

@NCMan whether the stimulus pkg administered by obama worked is completely irrelevant..this is about what benefits the middleclass collectively with regard to how much income tax they pay relative to the rich..continuing to reward the wealthy with more tax breaks when they're NOT producing jobs as are expected is ludricous to say the least..if a secretary who makes a lot less is paying a higher proportion of income tax than her boss, its unfair and has to change.

[NCMan28025]

@chingon711 Using your own logic, the middle class doesn't deserve a tax break because they aren't producing jobs either. The middle class and working poor do not pay more taxes than the rich. The IRS tax chart proves this. Progressives generally try to make such claims as the rich doesn't pay their fair share (ala Hillary Clinton and most Democrats). Again, the top 10% (aka The Rich) pay 72% of all federal income tax while 47% of Americans (poor and middle class) pay no income tax at all.

[dlucas90]

@NCMan28025 Consumers create jobs, not the "rich", unless of course you believe only the rich should be customers. Saying the rich create jobs is dishonest. It is like saying if there were no police there would be no crime because no one is going to jail.

Do you believe the rich pay higher taxes, or do you believe the rich pass the higher taxes on to the customer and employee? You can't have it both ways.

I believe all taxes,including inflation,is paid for by the middle class.

[NCMan28025]

@dlucas90 Ahhh yeah and patients create doctors. Small business owners, who generally make over $250K are considered "rich" and they create around 48% of all jobs in America (GAO numbers). Obama is going to raise their taxes and this will continue to slow job creation. Any business owner who pays higher taxes passes the expense back to the consumers. Higher taxes affect everyone, regardless of title (poor, middle class, rich). Again, the IRS tax table defeats your opinion about the middle class.

[dlucas90]

@NCMan28025 That is true, doctors wouldn't exist if there were no need for them. Therefore patients create a need for doctors. Surely you don't believe patients get sick simply to create doctors?

When Obama raises taxes it will have the exact same effect inflation has, which is to say the additional expense put on the employers shoulders will be pushed off onto the only people who can not pass the expense on, the customers and employees. It has the same effect as breaking labor contracts.

[kjb86]

Oh gee more lip service from our dear lord and savior President Soetoro

[NewDaysOldWays1]

Obummer sure as shit hasn't helped America any....especially with his bail out of all the Crooks on Wall Street and his campaign buddies Goldman Sacks ....He's a major disgrace to America...by far the worse President ever! But hey, his wife and kids can fly all over the world and spend tax payers money and act like they're somebody! Dem's & Rep's are all crooks cut from the same cloth! America's broke and this Clown Obummer knows it!

[cowwboyfromhell]

sounds like more of the same bs to me..................

midterm elections anyone?

[12GaugeLosAngeles]

Hell yes, i don't have a dollar to my name. Yet these rich cockmunchers just think big digits. Hey morons, everyone pays the same rate.... just cause more money means more tax shut and sit on a dick. Middle class, WOOP WOOP! I'm lower middle class. Give me money like Bush did, that's the only thing he did right. We need cash, jobs will come so break me off a check.. you crooks steal and give banks bonus money but the poor suffer. MONEY MONEY MONEY !!!!!!!!!!!!!!!!

[NCMan28025]

@12GaugeLosAngeles You are the most uneducated retard on youtube. Everyone does not pay the same tax rates idiot. Go check out the IRS tax table and you will see for yourself. Please keep you homosexual lingo between you and your boyfriend and get that education. It is sad to see a moron spouting off at the mouth and nothing of substance is learned.

[stupidaznmunkey]

I don't see poor people making an economic difference in America?

[jaowseph]

Damn you Bush! God bless you Obama!

[xXBurningSpiritXx]

Okay, everybody say it with me now...

BULLSHIT!

[marvelstryfe]

@xXBurningSpiritXx BULLSHIT!

[NCMan28025]

@xXBurningSpiritXx BULLSHIT!!!