Time To Raise Taxes

Mike Papantonio of Air America's Ring of Fire apears on Your World with Neil Cavuto to talk about Nancy Pelosi's plan to raise taxes on the top 2 percent of Americans by repealing the Bush tax cuts.

Category:

News & Politics

Tags:

• Taxes
• tax Cut
• NAncy Pelosi
• Fox News
• Your World
• Neil Cavuto
• Barack Obama
• Economy
• War
• Recession
• Mike Papantonio
• GoLeftTV
• GoLeft.tv

[SpanishForkOutcast]

As always, no one can talk on Faux News because they can't be heard over the screaming hosts.

[ragenut2112]

The people at Faux sure are good at what they do, aren't they? No network keeps their audience more distracted and uninformed.

[arch571332]

@Shigeru11298 You have been tricked into thinking  that supply side economics failed and a recession resulted. This is not what was done. Just because government officials say they deregulated something, cut/raised taxes somewhere else, does not mean that is actually what they did. They want people to think that they are helping to get re-elected and kudos. The devil is in the details.

[Shigeru11298]

@arch571332 the Laffer curve is farcical. supply-side economics failed to prevent the recession, and yet if just try supply-side economics even more suppl-sided then it will magically fix everything? "voodoo economics" has done nothing but bring speculative bubble after speculative bubble to burst into recession. what needs to be done is to apply Keynsian economics.

[arch571332]

Additionally rich people having money in the bank still helps the economy because of how fractional reserve banking works. It allows more loans and credit to be made for businesses investors ect....

[arch571332]

@Shigeru11298 No it isn't. When you reduce income taxes people spend more money and generate more in sales, consumption, alcohol, and other taxes. In fact its often more than what the income taxes would have brought in. The Laffer curve is based on this principle.

[Shigeru11298]

so we have to lower taxes and reduce debt? that's impossible.

[outsidervisionary]

cavuto looks like eddie munster.

[TomJackson986]

This is the worst way to advocate leftist ideology. He is really stupid.

[jay123jd]

@Raccoon39 Read a book, dumbshit. Unemployment was 4% when Bush entered office. It was 8% when Bush left office. He signed a bill for Tarp reform but did not stipulate the finance market to pay it back. And Obama is the dumb one? Even people like you give republicons a bad name. W. also had a $4.3 trillion surplus but left with an $11.2 trillion deficit. WTF. You are crying over Bush's spilt milk and even you bushys got to pay the piper sometime. Sadly he will go down in history as a disgrace.

[Raccoon39]

@jay123jd

I honestly can't believe your this stupid. Have you seen unemployment now? Please tell me what type of jobs and how many Obama created fuck head? Obama's so called bail out was suppose to STOP unemployment at 8%, did it? Name one thing Obama has done, you stupid fuck, that has helped this country as a whole?

It's uniformed assholes like YOU that have gotten us in this predicament. It's you "gimme me" idiots that have no education that voted for "change." Where is the change?

[jay123jd]

@Raccoon39 Hell dumbass read a paper now or then. Unemployment was 8% when Bush left office. Duh! And he gave a bailout that did not have to be paid back. WTF.