Republicans got to comfort the rich, Obama got to help create jobs

[ProSense]

Republicans got to comfort the rich, Obama got to help create jobs

Who got what out of (Monday's deal between President Obama and Republican leaders) is clear. The Republicans got tax cuts for the best-off two percent and lower estate taxes for the very wealthiest families, neither of which will do much if anything to create jobs. President Obama won policies that will put or keep money in the pockets of the unemployed and middle and low-income families, which will increase spending and create jobs.

That’s what a payroll tax holiday for workers, unemployment benefits and the various tax credits will do: create customers for business and create jobs, which is our biggest need right now.

In two years, the American people will have a clear choice about who the tax code will favor. That debate will, I hope, highlight the hypocrisy of those wanting to deepen the deficit by extending tax cuts for the rich while simultaneously cutting health care, Social Security and domestic public investments in the name of deficit reduction. -Lawrence Mishel

[DontTreadOnMe]

1. Tax Cuts don't create jobs!!!!

We have Democrats here at DU now trying to push the Bush Admins policies on us!

[ProSense]

3. Tax cuts for the rich don't create jobs, the

other proposals are stimulative, including the payroll tax holiday.

Four things Obama can do to stem further job losses in the worst labor market in 70 years

<...>

(2) Propose a one-year payroll tax holiday on the first $20,000 of income. Republicans as well as Blue Dog Dems could go along with this, and it would be a highly progressive tax cut since 80 percent of Americans pay more in payroll taxes than they do in income taxes.

<...>

[Hawkowl]

5. You can't do math

The amount of money siphoned out of the economy by the richest tax cuts dwarfs the positive economic effects of the lower class tax cuts. So Obama is simply perpetuating the economic crisis CAUSED BY THE TAX CUTS IN THE FIRST PLACE!!!

[ProSense]

6. So can Robert Reich.

Is he stupid too?

[Hawkowl]

7. Link please? .nt

[catgirl]

21. Reread her post

She's talking about a payroll tax holiday, not the tax cuts. You're attacking her ("you can't do math") because you can't read.

[saigon68]

19. Disgusting

[Name removed]

2. Deleted message

Message removed by moderator. Click here to review the message board rules.

[ProSense]

4. You don't have any idea what's up next. n/t

[neverforget]

8. Yeah because the Bush tax cuts worked so well the last 10 years

:eyes:

[ProSense]

9. OK

The EPI piece in the OP specifically states that tax cuts for the rich are not. The job-creation is attributed to the other aspects of the deal.

Progressives have been making the case that the middle-class tax cuts are stimulative. They know unemployment benefits are highly stimulative.

Are you arguing that this is not the case?

[neverforget]

13. I'm trying to imagine you supporting these tax cuts 10 years ago under Bush

somehow, I just can't see your support for them....

[ProSense]

14. How are you doing?

There wasn't an economic crisis at the start of the Bush adminstration.

[neverforget]

15. Nice dodge

[ProSense]

16. It's not a dodge. There wasn't a crisis

and the tax cuts for the rich were the same then as they are now, non-stimulative.

[neverforget]

17. Then: Bush tax policy bad. Now: Bush tax policy good. Got it.

[jeanpalmer]

10. Looks like they both agreed

to comfort the rich. Unless Obama will stand up against his own compromise.

[xultar]

11. Roffpnmfplmfao. Three d chess and all that.

[ProSense]

12. Yeah,

the EPI knows what that means and spend its time inventing analysis for the WH's benefit.

[ibegurpard]

18. lol

[CakeGrrl]

20. Just want to say that I appreciate the points you're trying to make, but

You might as well be talking to the walls about now.

Some cannot, or will not, see past their conclusion that Obama "caved", therefore the whole thing is a massive failure.

Never mind what the middle class and unemployed DID get out of the deal.

Who cares about that? Obama SUCKS. That's the thing to remember in all of this above all.

:eyes:

[Clio the Leo]

22. Well raising taxes & ending unemployment benes wouldn't have created jobs...

..... surely we can all agree on that?

Heh .... of course we cant.