Wisconsin Recall Elections Tuesday could swing the state Senate in favor of the Democrats and make it difficult for Republicans like Governor Scott Walker to push their anti-union, anti-labor agenda. Cenk Uygur breaks it down.
Thanks to liberal policy the world economy is crashing. We must do two things to stop the meltdown NOW!!! Firstly, we need to raise all payroll taxes 10% for one year. We also need to stop (right now) wasteful handout programs like medicare, social security, unemployment,, etc. and lower the minimum wage to $2/hr so we can compete with China for jobs. I will work with Cantor, Paul Ryan, Scott Walker and my other republican colleagues and take immediate action on these proposals. bless the GOP!
"Democrats furiously oppose Walker because public employees unions are transmission belts, conveying money to the Democratic Party. Last year, $11.2 million in union dues was withheld from paychecks of Wisconsin’s executive branch employees and $2.6 million from paychecks at the university across the lake. Having spent improvidently on the recall elections, the Wisconsin Education Association Council, the teachers union, is firing 40 percent of its staff." --George Will, Aug. 24, 2011
@Bakmoon Did you read my other comment I explained how if someone who made 50k a year and no mortgage and payed taxes he would have 37500$ after taxes and then he spent it all. Vs the national sales tax if he kept the 50k spent the 37500$ that he normally would under a progressive tax system he would pay he would have 3875 in the bank left. I do not see how this negatively affects the middle class
@dukee155 How would a sales tax fix that problem? No matter how you dice it, replacing federal income taxes with a national sales tax greatly shifts the tax burden on those with lower incomes. Maybe the system would encourage investment; I'm not a psychic who can predict the future, but screwing the poor to create economic growth isn't the way to go. It seems to me that your are throwing out the baby with the bathwater.
@jahs389 The European model is having really low corporate taxes but high personal taxes. This encourages investment this is why corporations invest in Europe because corporate income tax this is how GE and other corporations pay little to no US corporate income taxes. Then the owners or ceos could live in The USA and pay personal income tax at a lower rate than in europe. This is the problem with income taxes and why I think they should be abolished and replaced with a national sales tax
There are a number of ways to play with percentages to help or hurt people. What is generally the most progressive and doesn't hurt the poor, while also proving a large amount of revenue necessary is to start taxing income earned above a certain number, usually adjusted poverty line. Tax that income at lets say 10% for the first 10000, then 15% for the next then thousand, and so no racketing up to 39% for money over 250k under Clinton, but I would go toward ~55% for $ over 1mil.
@dukee155 But a sales tax is a *regresive*, meaning that the poorer you are the *larger* percent of your income gets eaten up by the tax. As unfair to the poor as it is, if it came right down to it, I would prefer a flat tax to replacing income tax with a sales tax.
@jahs389 This system is better because with the regular income tax the money gets taken out of their pockets first and then they get to keep what is left. so if someone earns 50k under our current system and doesn't have a mortgage they will have 37500$ after tax and they will spend all of it VS the national sales tax where they keep all of there money and spend 37500 of it after the sales tax they will have 3875 in the bank still.
Thanks to liberal policy the world economy is crashing. We must do two things to stop the meltdown NOW!!! Firstly, we need to raise all payroll taxes 10% for one year. We also need to stop (right now) wasteful handout programs like medicare, social security, unemployment,, etc. and lower the minimum wage to $2/hr so we can compete with China for jobs. I will work with Cantor, Paul Ryan, Scott Walker and my other republican colleagues and take immediate action on these proposals. bless the GOP!
GOPkicksbutt 3 months ago
How'd them recalls work out for ya Cenk?
Hahahahahah!
calimar28 6 months ago
walker 3 unions 0 hahaha
biggerturtle 6 months ago
"Democrats furiously oppose Walker because public employees unions are transmission belts, conveying money to the Democratic Party. Last year, $11.2 million in union dues was withheld from paychecks of Wisconsin’s executive branch employees and $2.6 million from paychecks at the university across the lake. Having spent improvidently on the recall elections, the Wisconsin Education Association Council, the teachers union, is firing 40 percent of its staff." --George Will, Aug. 24, 2011
hookalakah 6 months ago
@Bakmoon Did you read my other comment I explained how if someone who made 50k a year and no mortgage and payed taxes he would have 37500$ after taxes and then he spent it all. Vs the national sales tax if he kept the 50k spent the 37500$ that he normally would under a progressive tax system he would pay he would have 3875 in the bank left. I do not see how this negatively affects the middle class
dukee155 6 months ago
@dukee155 How would a sales tax fix that problem? No matter how you dice it, replacing federal income taxes with a national sales tax greatly shifts the tax burden on those with lower incomes. Maybe the system would encourage investment; I'm not a psychic who can predict the future, but screwing the poor to create economic growth isn't the way to go. It seems to me that your are throwing out the baby with the bathwater.
Bakmoon 6 months ago
@jahs389 The European model is having really low corporate taxes but high personal taxes. This encourages investment this is why corporations invest in Europe because corporate income tax this is how GE and other corporations pay little to no US corporate income taxes. Then the owners or ceos could live in The USA and pay personal income tax at a lower rate than in europe. This is the problem with income taxes and why I think they should be abolished and replaced with a national sales tax
dukee155 6 months ago
@dukee155
There are a number of ways to play with percentages to help or hurt people. What is generally the most progressive and doesn't hurt the poor, while also proving a large amount of revenue necessary is to start taxing income earned above a certain number, usually adjusted poverty line. Tax that income at lets say 10% for the first 10000, then 15% for the next then thousand, and so no racketing up to 39% for money over 250k under Clinton, but I would go toward ~55% for $ over 1mil.
jahs389 6 months ago
@dukee155 But a sales tax is a *regresive*, meaning that the poorer you are the *larger* percent of your income gets eaten up by the tax. As unfair to the poor as it is, if it came right down to it, I would prefer a flat tax to replacing income tax with a sales tax.
Bakmoon 6 months ago
@jahs389 This system is better because with the regular income tax the money gets taken out of their pockets first and then they get to keep what is left. so if someone earns 50k under our current system and doesn't have a mortgage they will have 37500$ after tax and they will spend all of it VS the national sales tax where they keep all of there money and spend 37500 of it after the sales tax they will have 3875 in the bank still.
dukee155 6 months ago