Conservatives on why the republicans should lose

[biglouie250]

An analysis by the nonpartisan Tax Foundation shows us just what is at stake for middle-income families if the tax cuts were repealed: A family of four (with two children under the age of 17), taking the standard deduction on an income of $50,000 a year pays a federal income tax bill of $1,365.
If the Bush tax cuts were never enacted, or if they were repealed, their tax bill would be $3,320. Not only does this family benefit from the lower income tax rates in Mr. Bush's cuts, but also from the doubling of the child tax credit to $1,000. A family of four earning $75,000 a year presently has an income tax bill of $5,115. That bill would shoot up to $7,538 if Democrats had their way and the Bush tax cuts were never enacted.

those numbers are well and good..... a few things to consider:

1)My problem with the cuts isnt because i want more tax, its because you cant cut taxes AND increase spending. Also i have no problem with the idea of THESE cuts, my problem was with the reduction in capital gains tax which this article does not address. That is where the rich benefit.
2) a family of 4 earning 50k a year is NOT middle class, that is poor.
3) $1,365 represents 3% of the families income....are you comfortable with them paying only 3% tax while you pay 4-8 times that?? No becuase you stated earlier that your sick of paying through the nose on your salary to shoulder the burden of the poor.
4)the % change is a reduction from 6% tax to 3% tax, still not as big of a difference the uber rich felt which the reduction in capital gains tax.

here is a decent IRS article explaining who got the benefit of the capital gains tax cuts....(people who earn over 200k who have money to piss away in the market)

http://www.cbpp.org/11-7-05tax.htm

here is another:

http://www.cbpp.org/3-10-05tax.htm

[Logan13]

those numbers are well and good..... a few things to consider:

1)My problem with the cuts isnt because i want more tax, its because you cant cut taxes AND increase spending. Also i have no problem with the idea of THESE cuts, my problem was with the reduction in capital gains tax which this article does not address. That is where the rich benefit.
2) a family of 4 earning 50k a year is NOT middle class, that is poor.
3) $1,365 represents 3% of the families income....are you comfortable with them paying only 3% tax while you pay 4-8 times that?? No becuase you stated earlier that your sick of paying through the nose on your salary to shoulder the burden of the poor.
4)the % change is a reduction from 6% tax to 3% tax, still not as big of a difference the uber rich felt which the reduction in capital gains tax.

here is a decent IRS article explaining who got the benefit of the capital gains tax cuts....(people who earn over 200k who have money to piss away in the market)

http://www.cbpp.org/11-7-05tax.htm

here is another:

http://www.cbpp.org/3-10-05tax.htm

You and I come at this topic from different perspectives. I believe that everyone has the opportunity to make a better life for themselves in the US. That being the case, everyone has the opportunity to take advantage of the reduction in capital gains taxes. Obviously, not everyone will come to realize their opportunity, but that is not the fault of those who have made a better life for themselves. Regardless, I am with you all the way concerning spending reductions. But if anyone here thinks that spending will be reduced with a Democrat controlled Congress, be prepared to be disappointed.