Obama asks the middle class to take it in the ass, again

[Nevermind]

Read my lips.

http://thehill.com/blogs/on-the-money/d ... x-increase
JCT: Healthcare law to sock middle class with a $3.9 billion tax increase in 2019
Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper.

The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.

Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers are hit by this threshold increase in 2017.

Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.

"Loss of this deduction will mean higher taxes for 14.7 million individuals and families making under $200,000 a year in 2019," Sen. Chuck Grassley (R-Iowa) told The Hill. "The new subsidy for health insurance would not be available to offset this tax increase for most of these households."

The healthcare law contains tax breaks for individuals purchasing health insurance, but the breaks phase out for those making $88,000 a year.

Grassley, the ranking member on the tax-writing Senate Finance Committee, voted against the health reform bill.

Couples earning less than $250,000 will also nicked by the tax, but the exact number is unclear. The JCT lumps this income level in with those making at least $500,000. It estimates that 58,000 taxpayers earning between $200,000 and $500,000 annually will pay $74 million more in taxes in 2019.

About 5,000 taxpayers earning over $500,000 a year will pay $43 million more in tax because of the limitation.

Erin Shields, a spokesperson for Senate Finance Chairman Max Baucus (D-Mont.), told The Hill that looking just at the tax increase is "misleading and dishonest" since it "only accounts for a sliver of the whole pie."

"Health reform will lower premiums and cap out-of-pocket costs families pay when someone gets sick, which addresses the reason the medical expense tax deduction was created in the first place," she said.

When asked, Shields did not say the information in the article was inaccurate. Her comments were added to the story after its original posting.

The JCT figures were supplied to The Hill by Senate Republican staffers. The numbers were calculated in December but have not been materially altered. The JCT does not comment to the press on its calculations.

President Barack Obama in his Saturday radio address said the healthcare law keeps his campaign pledge to not raise taxes on the middle class. In his bid for the White House, he promised that individuals earning less than $200,000 and joint filers earning less than $250,000 would not see a tax increase under his watch.

But hey, he looks cool, and he reads well, so that's all that matters.

[Ugmo]

3.9 billion is friggin chump change in a country the size of the U.S. Is that all you've got, Teabagger? Dick Cheney's got that kind of money underneath his sofa cushions.

Pretty difficult to be outraged about this when it doesn't even break down who pays how much.

[WhiteHouseSubsAC]

3.9 billion is friggin chump change in a country the size of the U.S. Is that all you've got, Teabagger? Dick Cheney's got that kind of money underneath his sofa cushions.

Pretty difficult to be outraged about this when it doesn't even break down who pays how much.

Yeah, but when your campaign promise is "No new taxes for the middle class", then you announce Billions of dollars of them, it can make you look bad. See Bush Sr.

[Ugmo]

Yeah, but when your campaign promise is "No new taxes for the middle class", then you announce Billions of dollars of them, it can make you look bad. See Bush Sr.

I understand that, but it's not like he's massively increasing taxes on the middle class without anything in return. It's a tiny increase overall, and in return a lot of people are getting access to health insurance. 3.9 billion is nothing - I think this is making a mountain out of a molehill.

[VinnieKulick]

It doesn't matter that it's not a BIG tax increase (and, we're assuming that this amount is going to be accurate, which it most likely will NOT be) the fact is, when he said over and over again that "nobody making less than $200,000 will have their taxes increased" (not to mention letting the tax cuts expire) he loses face.

[Ugmo]

It doesn't matter that it's not a BIG tax increase (and, we're assuming that this amount is going to be accurate, which it most likely will NOT be) the fact is, when he said over and over again that "nobody making less than $200,000 will have their taxes increased" (not to mention letting the tax cuts expire) he loses face.

Eh... if people would analyze this critically they'd see it isn't that big of a deal. And we really have no idea who is going to pay what. Less than 200,000 could also be 190,000... so maybe some guy who makes 190 K will pay an extra 500 in taxes? Who knows. Sure this kind of thing is great for Teabaggers who relish any opportunity to get even madder, but unless people see a tangible increase in their taxes I doubt Obama or the Dems are going to lose many votes over this.

[Nevermind]

Why 2019? Because that is the year when ObamaCare will be fully implemented. The new law will also raise $15.2 billion over ten years by limiting medical expense deductions - in other words .. a tax increase. This deduction limitation will affect 14.8 million taxpayers, and 14.7 million of those taxpayers earn less than $200,000 a year.

So much for Obama's promise.
So now what do we have a country with less real personal income. We have a new law that will absolutely raise taxes across the board, from the evil rich all the way down the income tax scale.
Then we get this from Obama's fiscal reform commission ....

http://thehill.com/blogs/on-the-money/b ... gher-taxes
Higher taxes must be considered in order to rein in our mounting debt, according to Alice Rivlin, a member of Obama's fiscal reform commission. Even raising taxes on the evil, filthy rich will not be enough to rein in deficits. Allowing the Bush tax cuts to expire (raising taxes) would average nearly $1 trillion for the next decade. Hardly enough to tackle our current debt of $12.8 trillion.
There's your change. Are you proud of the way you voted in 2008? Come on, out with it. You can purge yourself of the guilt.

[Ugmo]

Why 2019? Because that is the year when ObamaCare will be fully implemented. The new law will also raise $15.2 billion over ten years by limiting medical expense deductions - in other words .. a tax increase. This deduction limitation will affect 14.8 million taxpayers, and 14.7 million of those taxpayers earn less than $200,000 a year.

In other words, chump change. Exxon makes twice that much in profits every year.

Nobody cares about this besides you Teabaggers.

[Nevermind]

Why 2019? Because that is the year when ObamaCare will be fully implemented. The new law will also raise $15.2 billion over ten years by limiting medical expense deductions - in other words .. a tax increase. This deduction limitation will affect 14.8 million taxpayers, and 14.7 million of those taxpayers earn less than $200,000 a year.

In other words, chump change. Exxon makes twice that much in profits every year.

Nobody cares about this besides you Teabaggers.

In other words, you are perfectly happy with Mr hope and change, breaking yet another promise because hey, he's a democrat and he looks cool. It's ok to break promises if you're a democrat and it's only "chump change". Alrighty.

Your Exxon profit argument is stupid. Educate yourself on how much per gallon of gas the government takes in for doing absolutly nothing.

Coming soon, the Vat tax...................more chump change.

[MasterOfMeatPuppets]

Wow! The government has to spend money to do things, just like everyone else. When the war in Iraq started, were you too busy sticking your yellow magnetic ribbon on your bumper to wonder who was paying for the bullets and stuff? Were you too busy basking in the warm glow of security created by the DHS to wonder who was paying for the screeners and x-ray machines forming that cordon of protection? Was your head so far up your ass these last few years you've only just now noticed that no one gets a free ride, not even Uncle Sam. I guess you're even more astonished that the President might actually have the nerve to admit this and that the taxpayers are responsible. We had eight years of one who told his legion of idiot followers that they could spend like a drunken sailor in a Bangkok whorehouse and not worry about the bill. The party's over and it's time to pay the tab.

[Nevermind]

Wow! The government has to spend money to do things, just like everyone else. When the war in Iraq started, were you too busy sticking your yellow magnetic ribbon on your bumper to wonder who was paying for the bullets and stuff? Were you too busy basking in the warm glow of security created by the DHS to wonder who was paying for the screeners and x-ray machines forming that cordon of protection? Was your head so far up your ass these last few years you've only just now noticed that no one gets a free ride, not even Uncle Sam. I guess you're even more astonished that the President might actually have the nerve to admit this and that the taxpayers are responsible. We had eight years of one who told his legion of idiot followers that they could spend like a drunken sailor in a Bangkok whorehouse and not worry about the bill. The party's over and it's time to pay the tab.

Pathetic diversion.
When you have no argument, let's talk about Bush some more.
So you're ok with that drunken sailor, now that he's a democrat? Not only is that sailor hitting that whorehouse, but he's taking cash from random strangers at the local gloryhole. But that's ok with you.
And what was I doing when the Iraq war started? Counting the democrats who voted to send them there to fight that war.

[MasterOfMeatPuppets]

Diversion? No. I'm just observing your new found commitment to financial responsibility.

[chickenona]

So one of you right-wing guys is blubbering about income taxes being raised too high for too many people while another of you is blubbering about how not enough people pay any income taxes at all. I don't see this divide-and-conquer strategy working out so hot for you guys.

[Ugmo]

Okay, yes, it's the Huffington Post, but here you go:

http://www.huffingtonpost.com/2010/04/1 ... 38081.html

Congress cut individuals' federal taxes for this year by about $173 billion shortly after President Barack Obama took office, dwarfing the $28.6 billion in increases by states.

In the next few years, however, many can expect to pay more. Some future increases were enacted as part of Obama's health care overhaul. And former President George W. Bush's tax cuts expire in January. Obama and the Democrats want to renew only some of them, thus raising taxes for individuals making more than $200,000 and couples making more than $250,000.

So in other words Congress cut taxes last year by 173 billion dollars, and you dumbfuck Teabaggers are complaining about a 15.2 billion increase over 10 years?

And Obama has said he's only going to raise taxes on individuals who make more than $200,000.

What the hell are you complaining about? Oh yeah, you're complaining because it's a natural knee-jerk reaction for you.

This thread is kind of self-ownage, because you started it to complain about taxes being raised, but the increase is such a pittance that it undermines your argument.

[Nevermind]

Diversion? No. I'm just observing your new found commitment to financial responsibility.

New found?
Look at the date when I registered. I am critical of either party spending so recklessly, and into oblivion as the current one is doing.

[Ugmo]

Diversion? No. I'm just observing your new found commitment to financial responsibility.

New found?
Look at the date when I registered. I am critical of either party spending so recklessly, and into oblivion as the current one is doing.

Sure you are. That is highly believable. You and the rest of the Teabaggers, who sprang up like mushrooms immediately following Obama's election and prior to his having spent anything at all.

[Nevermind]

Diversion? No. I'm just observing your new found commitment to financial responsibility.

New found?
Look at the date when I registered. I am critical of either party spending so recklessly, and into oblivion as the current one is doing.

Sure you are. That is highly believable. You and the rest of the Teabaggers, who sprang up like mushrooms immediately following Obama's election and prior to his having spent anything at all.

What is so hard for you to understand about record debt, record deficits, and record spending? The independents, and democrats who are the majority of tea party members (look up the polls for yourself) were suckered into the hope and change bullshit Obama spewed because he read well, was black, and wasn't Bush. Now they see, which the republicans already knew, that he was full of shit.

[Ugmo]

What is so hard for you to understand about record debt, record deficits, and record spending? The independents, and democrats who are the majority of tea party members (look up the polls for yourself) were suckered into the hope and change bullshit Obama spewed because he read well, was black, and wasn't Bush. Now they see, which the republicans already knew, that he was full of shit.

What is so hard to understand about the fact that you were nowhere to be seen when GWB was racking up record debt, deficits and spending? You are a hypocrite, plain and simple, because it didn't bother you when it was your guy doing it. And then you start thread after thread attacking the Democrats but when called on your hypocrisy, you offer up a tepid "I'm critical of both parties spending recklessly." No you're not. You only care when it's the Democrats.

[Nevermind]

What is so hard for you to understand about record debt, record deficits, and record spending? The independents, and democrats who are the majority of tea party members (look up the polls for yourself) were suckered into the hope and change bullshit Obama spewed because he read well, was black, and wasn't Bush. Now they see, which the republicans already knew, that he was full of shit.

What is so hard to understand about the fact that you were nowhere to be seen when GWB was racking up record debt, deficits and spending? .

You're entering idiot territory.
I wasn't here to bitch about Bush's spending, so how could I be "seen" here?

[Ugmo]

You're entering idiot territory.
I wasn't here to bitch about Bush's spending, so how could I be "seen" here?

I have no doubt you were here posting under a different name.

Not that it's of any consequence. It's pretty obvious you only started caring about the record spending once your guy lost to the Democrat. That's pretty clear from your posting history here in which you criticize one party only.

[Chevyman]

the niggers I know who voted for Obama are pissed off

[Ugmo]

the niggers I know who voted for Obama are pissed off

LOL!!!

[MasterOfMeatPuppets]

Have you ever noticed how conservatives, especially Republicans, now deny ever supporting Bush's actions or policies? It's like a political version of the Baywatch phenomenon.

[Nevermind]

You're entering idiot territory.
I wasn't here to bitch about Bush's spending, so how could I be "seen" here?

I have no doubt you were here posting under a different name.

Not that it's of any consequence. It's pretty obvious you only started caring about the record spending once your guy lost to the Democrat. That's pretty clear from your posting history here in which you criticize one party only.

Who was "my guy"? My posting history here is all of a few months so you have no clue what you're talking about. And in this very thread, I was critical of Bush. Please keep up.
How about pointing out all your posts where you are critical of the democrats Mr. fair and balanced. I won't ask Masterof...... to do the same, because I know there aren't any.

[Ugmo]

Who was "my guy"? My posting history here is all of a few months so you have no clue what you're talking about. And in this very thread, I was critical of Bush. Please keep up.

How have you been critical of Bush in this thread? You haven't. The closest thing to being critical of your side was "I am critical of either party spending so recklessly", which is a tepid, after-the-fact disavowal of a disastrous 8-year fiscal policy by your guy if ever there was one.

You signed up a couple of weeks after the election and have posted absolutely nothing but criticisms of Obama and the Democrats. That's your posting history, and it's one-sided. And since there are only a handful of people who post here and they all get recycled, it's pretty obvious to me that you're either posting under a new name or posting under an alternate name along with your other characters on here.

How about pointing out all your posts where you are critical of the democrats Mr. fair and balanced. I won't ask Masterof...... to do the same, because I know there aren't any.

When have I ever claimed to be non-partisan? I've made abundantly clear that the GOP can go fuck itself and has no business criticizing anyone for fiscal irresponsibility. Your posts are every bit as one-sided as mine, so you're not fooling anyone with the "I didn't like Bush either" bullshit.


Edited to correct spelling mistakes.

[VinnieKulick]

So Ugmo, your view is, if a person didn't complain about one president, he loses the ability to complain about the next president?

[Ugmo]

So Ugmo, your view is, if a person didn't complain about one president, he loses the ability to complain about the next president?

What? No, you can complain about whomever you want. Just be prepared to be called a hyprocrite who cares only about political victories and not the good of the country when you fail to complain about your own party's demonstrable disastrous fiscal irresponsibility but then complain constantly about what you perceive to be the other party's fiscal irresponsibility.

[K.K.VanMalmsteen]

I just love the hadrcore core conservative / republican / teabagger types....It's really a fucking comedy act...

Bill Clinton - Jobs up, economy cruising, NO NATIONAL DEBT - but lets shut the fucking government down and impeach the President becuase he got a fucking blowjob.Really?? A fucking blowjob?? High moral outrage from guys fucking their own interns, looking for blowjobs in airport men's bathrooms, who worship religious leaders who fuck little boys.....

George Bush - was great, lets elect him twice...Cheney shooting guys in the face, haliburton, bullshit wars ( Iraq ) for no goddam reason, civil liberty violations out the ass, torture, economy driven into the fucking toilet, it's All Fucking Good...

Obama - a year or so into it, it's all his fault, he sucks, it's not Bush's fault anymore, Obama is ruining the country, socialist, non american, blah blah blah...

I am an independant...I have pretty good eye for calling bullshit regrdless of which party steps in it...But this whole teabag, republican outrage crap would be fucking hysterical if it wasnt so goddam hypocritical...

[thejuggernaut]

You signed up a couple of weeks after the election

What election ?

[Ugmo]

You signed up a couple of weeks after the election

What election ?

My mistake.

But nonetheless his posts are 100 percent right-wing and anti-Democrat.