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Jims best angle

Will Obama's tax plan become law, or will the congress write the next take bill?

Obama says he is going to give 95% of Americans a break on their Federal Taxes. Forgetting the fact that 40% of Americans do not pay any Federal Income tax, how is he going to do this. Congress writes the tax laws not the President. The President can sign or veto the congresses' tax bill but that is it.If Nancy Pelosi sends BO a bill that raises taxes on 60% of Americans (those actually paying taxes now) does anyone think BO has the fortitude to say NO and Veto the bill?
Chris:

Got a citation for the claim that 40% of Americans don't pay any Federal income tax? I doubt it's anywhere as high as that.

Jims best angle:

Your opinion is noted.
I am curious were do you get your insight in to this matter, just a gut feeling or something?

Koko:

I doubt if BHO would ever veto anything sent to him by a Dem controlled Congress, especially if it raises any kind of taxes. And when they drive businesses out of the country it'll somehow end up being the Republican's fault.

Pegalomania The Artsqueen:

First he has to become President.
Hopefully the public will wake up and understand that 45% of Americans are either disabled, or on Social Security,...the people he is planning to tax, are running out of money. Nancy Pelosi does not have my respect. We have had a Democratic Congress for two years. Where is their oversight?
Why aren't they to blame?

Maggie:

We've had a Republican congress for much longer. Blame them.

.......:

And they want to add more programs to the long list of those they can't fund or control at this time!

.......:

This Congress has the lowest approval rating and for good reason. Leadership? None there.

Dimview09:

Obamas tax plan will never be law it won't work!! http://www.heritage.org/Research/Economy/wm2101.cfm

Maggie:

http://i48.photobucket.com/albums/f216/Somniis/20969153.jpg

Yes, under McCain's plan, tax cuts are mostly for the wealthy. Obama plans to raise the taxes FOR the wealthy, while cutting taxes for the lower and middle classes.

Both will work, but each is better for a certain group of people. (McCain = bigshots; Obama = non-bigshots)

I'd imagine that J.D. Foster, the man who wrote that article, makes a hefty sum of money and would rather McCain win for his own sake.

Mimi:

Best answer Monk.

Dimview09:

Hi Monk, Obama's plan changes almost day by day he just changed the entire game by saying he was cutting out all all business capital gains LOL his plan?? won't work. He also doesn't paint the picture that already almost half of the working people in the US already don't pay federal taxes. Were does the money come from?

Dimview09:

Hey money Monk didn't answer in this thread he made an analysis but it is not correct.

Maggie:

Obama's plan is still better than McCain's, at least for middle-class and lower-class Americans.

McCain is rich himself, so of course he'd want his tax plans to be passed.

If the people in the top 5% of wealth in the US paid more taxes, you wouldn't need to worry about the half (probably lower and middle class) that do not pay federal taxes, would you?

Dimview09:

Hi Monk,

The more you tax the rich people the more they lower there gross income or leave the country all together you don't understand Obama is not pro business at all whether you like it or not people with money are what make what average people have possible and if we loose the rich or just their contributions we all loose something we can never get back. Be careful what you wish for. Understand the consequences.

Maggie:

That sounds like a problem of a corrupt system, BMC. People with wealth should not have to be the reason why many average people have money.

But... Capitalism rewards those with wealth, not ones who create.. blame the system, BMC, not Obama.

Dimview09:

Monk capitalism rewards everyone who participates. Believe me I know.
Creative people are probably at the top of the list as far as financial rewards go and no one gave them to them they participated in the system and excelled.
The corruption is in the oversight the government is the problem here.

Maggie:

The problem is the reward itself.

Maggie:

I think he meant 95% of the people who actually do pay Federal taxes.

Would you rather have it the same with McCain or perhaps something a little different with Obama?

Dimview09:

No he said families that work and 40+% of them don't fall into a paying federal tax category.

Jims best angle:

Monk - So you are making excuses for his lies!!!!
HE SAID 95% of AMERICANS. HE SAYS IT OVER AND OVER AND OVER!!!
What, is he stupid or is he lying or is he misleading the American public. Thats kind of like, no it is lying.
Oh, and thanks for not answering the question.

Maggie:

40% of them probably do not need to be paying taxes anyhow. If the richest paid more tax, the bottom majority wouldn't necessarily need to pay more.

toadhead, how can a person pay taxes if they do not work? 95% of Americans surely do not work. You must take into account the elderly who live off of a fixed income, children who cannot work, adults who for some reason cannot or will not work, the homeless, etc.

It doesn't matter if I answer the question or not, you'll still complain.

Jims best angle:

Then the liar only needs to say what he mean. Simple!!
Just say what he means, but he never does that does he, why
There are a lot of people in that 40% who receive a tax refund of more than the taxes withheld from their pay. Its called Earned Income Credit
What do you think, they are thinking when BO starts lying about the 95%.
He is buying votes.

Maggie:

I hate percentages. They mean absolutely nothing.

Both parties buy votes.

Sequoia:

It will never become law. It must pass the Senate and it just won't happen!

Jims best angle:

Lisa-007
I think our only hope would be in the House, the Senate is a disaster.

Sequoia:

So true!

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