lonestarnot
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Sun Jul-16-06 09:21 AM
Original message |
Their are once again trying to eliminate the mortgage interest credit. |
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From Citizens for Legitimate Government, Lorri Price
"GOPedophiles want to eliminate tax deductions including mortgage interest and state and local taxes in order to pay for Halliburton's bonuses and KBR's detention centers: US Treasury mulls own stamp on tax code overhaul 13 Jul 2006 U.S. Treasury officials are likely to put their own stamp on a proposed comprehensive overhaul of the tax system suggested by a blue-ribbon panel in November, an official said on Thursday. The panel recommended eliminating deductions for many taxpayer costs, including mortgage interest and state and local taxes. The panel also proposed requiring workers to pay taxes on health care benefits provided by their employers. "
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MADem
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Sun Jul-16-06 09:23 AM
Response to Original message |
1. Talk about a demotivator for home ownership.... |
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That's one of the big bennies to owning one's own home; that tax break.
Oh well, in a Lords and Serfs society, the serfs don't need to be doing any home owning, I reckon.
And that's the way they'd like it....
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blurp
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Sun Jul-16-06 03:42 PM
Response to Reply #1 |
20. Bah. Only if you're rich. They should do-away with the tax-break. |
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The tax-break is just a way for the government to subsidize bigger, more expensive houses for the well-off.
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Debau2005
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Sun Jul-16-06 09:24 AM
Response to Original message |
2. That will make some of my Repub relatives VERY ANGRY |
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So let them put this out on the news. It will NOT sell well with the Repub masses!
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warrior1
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Sun Jul-16-06 09:24 AM
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the republican party once and for all.
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Rosemary2205
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Sun Jul-16-06 09:30 AM
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that would be political suicide.
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Warpy
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Sun Jul-16-06 09:31 AM
Response to Original message |
5. A tax shelter for the SUCKERS??? |
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Good heavens, Henry, we can't have that!
Do you mean the SUCKERS don't pay taxes on the health insurance we used to pay and now force onto their shoulders? Good heavens, we can't have that!
When are the SUCKERS gonna wake up and realize that conservatives are just plain fucking EVIL?
I'm talking about conservatives in BOTH PARTIES.
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lonestarnot
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Sun Jul-16-06 09:43 AM
Response to Reply #5 |
8. Insurance is just another black hole. Buy it and that's the only outcome. |
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File a claim and you just continue to buy it. LOL
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LaurenG
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Sun Jul-16-06 09:32 AM
Response to Original message |
6. I hope it doesn't pass |
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That is really my only write off and too much of MY income is already taken before I even get to cash my check. I can't afford to owe the gov ANY MORE money and I'm dead serious.
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Coyote_Bandit
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Sun Jul-16-06 09:37 AM
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Me thinks if they eliminate the mortgage interest tax credit that McMansions will suddenly be much less popular and that more folks will buy the house they need rather than the house they can afford. And then they will try to pay off their mortgage early. Perhaps the idea isn't all bad. But it'll never happen. The mortgage companies and banks have too much to lose if the mortgage interest tax credit is eliminated.
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FloridaPat
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Sun Jul-16-06 10:02 AM
Response to Original message |
9. Reagan tried that in his rewrite of the tax code. So many people |
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objected they had to pull it. That's a great line about paying for Halliburton. The Democrats should use it. Make a great bumper sticker.
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tjwash
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Sun Jul-16-06 10:09 AM
Response to Reply #9 |
12. Reagan also tried to steal Social Security as well, just like these clowns |
stopbush
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Sun Jul-16-06 11:43 AM
Response to Reply #9 |
16. Reagan did get taxes on unemployment insurance through. |
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Before Reagan, UE benefits were tax free. After Reagan, you pay taxes at a time when you're least able to do so.
Republicans suck.
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FloridaPat
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Sun Jul-16-06 07:25 PM
Response to Reply #16 |
21. I forgot about that! How Scroogy can these guys get! |
tjwash
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Sun Jul-16-06 10:07 AM
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...why don't these thieving bastards return the billions they have profiteered from the Iraq war, slash the corporate welfare, cut the defense budget in half, and make these fucking multinationals start to actually pay some sort of income tax themselves instead of handing the proportionally tiny part that they do pay right back to them in the form of the above incentives?
I know. It makes more sense to destroy the middle class instead if your a conservanazi.
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lonestarnot
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Sun Jul-16-06 10:13 AM
Response to Reply #10 |
13. Ugh that would be our job come November. |
gizmo1979
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Sun Jul-16-06 10:07 AM
Response to Original message |
11. That would be a raise in taxes |
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wouldn't it?They promised to not raise taxes so that would break that pledge.
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lonestarnot
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Sun Jul-16-06 10:14 AM
Response to Reply #11 |
14. And just what do you think the 5.9 billion per month into a war of lies is |
n2doc
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Sun Jul-16-06 11:02 AM
Response to Original message |
15. If they want to speed up the # of foreclosures |
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this would be a "good" way to do it. Getting rid of the tax break and also getting rid of the state tax deduction would throw a lot of folks into insolvency. We are talking a sudden effective increase of thousands of dollars a year in taxes for many folks. I think the real estate lobbies are too strong to let this go through, though.
However I have read that the really rich F**kers generally buy houses for cash, so THEY won't care, and I am sure the reason for eliminating the state deduction is to put pressure on that tax base to be cut. Of course states can't run endless deficits (usually) like the federal government so there won't be cuts, just more pain.
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muriel_volestrangler
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Sun Jul-16-06 11:57 AM
Response to Original message |
17. The UK successfully did it during the 90s |
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The Conservatives started eliminating it (by gradually cutting the tax rate at which the credit was given), and Labour continued the policy until it was gone. It didn't seem to hit anyone very much that way; and now the government isn't subsidising the middle class at the expense of the poor, as it used to. A good policy all round, really. Perhaps the key is to do it over a number of years, so people's finances don't change too much in any one year.
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pa28
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Sun Jul-16-06 03:16 PM
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Between a massive tax increase on "the American dream" and the renewed Republican plans to privatize Social Security democrats can paint a picture the public will respond to.
Two more years of Congressional republicans will go over with middle America about as well as $5 gas.
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onethatcares
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Sun Jul-16-06 03:31 PM
Response to Original message |
19. Do you have a senate bill number/house resolution number? |
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this one will really piss the masses off. I deal with a board that thinks gwbushit is king and the right side is the way of the world. I constantly get hit over the head with the greater income/less taxes idiom.
Is it in the omnibus budget ?
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