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CHART: The Obama-Repub Favored Tax Breaks for the Rich vs Budget Cuts

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vroomvroom Donating Member (496 posts) Send PM | Profile | Ignore Tue Mar-15-11 02:54 AM
Original message
CHART: The Obama-Repub Favored Tax Breaks for the Rich vs Budget Cuts
Edited on Tue Mar-15-11 02:59 AM by vroomvroom
To put things into perspective where Obama and his continuing support for republicans are on the matter:


Source: http://www.good.is/post/must-see-chart-tax-breaks-for-the-rich-versus-budget-cuts/
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prolesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 03:04 AM
Response to Original message
1. That is the budget proposed by the GOP House
NOT created or supported by the Obama administration.

You lie!
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 03:32 AM
Response to Original message
2. The title is false.
Edited on Tue Mar-15-11 03:33 AM by vaberella
Why again is this allowed on DU? When did putting up false information become allowed?! Obama, has nothing to do with anything proposed in the charts.
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 05:10 AM
Response to Original message
3. Goodness... What has DU become?
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Avant Guardian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 07:53 AM
Response to Reply #3
7. The chart shows Obama's extension of the Bush tax cuts for the rich
Is being paid for by cutting services to the poor, education, etc.
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Godhumor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 07:58 AM
Response to Reply #7
9. Way too snarky, self-delete n/t
Edited on Tue Mar-15-11 08:00 AM by Godhumor

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pinto Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 08:02 AM
Response to Reply #7
10. "Congress enacts and continues tax breaks" - Center for American Progress
Most Americans would be surprised to learn that tax breaks are not on the table during any budget negotiations. In fact, Congress has the Congressional Budget Office prepare an official spending estimate for the cost of all programs or their expansions. Meanwhile, Congress enacts and continues tax breaks without any requirement that the cost of tax breaks be calculated and shared with members before a vote.


http://www.americanprogress.org/issues/2011/02/tax_breaks_infographic.html

:hi:
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Avant Guardian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 07:19 PM
Response to Reply #10
15. "Obama Agrees to Extend Bush Tax Cuts for 2 Years"
http://www.bloomberg.com/news/2010-12-06/obama-agrees-to-extend-bush-tax-cuts-for-2-years.html

"President Barack Obama said he’ll agree to a two-year extension of all Bush-era tax cuts in exchange for extending federal unemployment insurance. The plan also would cut the payroll tax by 2 percentage points. "
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JTFrog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 06:56 AM
Response to Original message
4. This post puts something in perspective alright.
But I doubt you get it.

:shrug:

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Godhumor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 07:44 AM
Response to Original message
5. Amazing we can have two threads with the Republican proposal and have both tie it to Obama
What the hell...
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 07:47 AM
Response to Original message
6. The chart shows the money flow so to speak to the rich and powerful.
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pinto Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 07:58 AM
Response to Original message
8. "targets of the House leadership’s budget ax" - Center for American Progress
House leaders are unfortunately restricting their proposed budget cuts for the remainder of fiscal year 2011 to non security discretionary spending in an attempt to tame a $1.3 trillion deficit. This approach is especially shortsighted since the Federal Treasury loses twice as much revenue due to tax breaks than Congress appropriates on all non security discretionary spending.

The chart below compares the 10 safety-net programs slated for deep cuts with the cost of the tax breaks that should also be considered for reduction or elimination to bring the budget into balance. The column on the left is a list of safety-net programs that have already been targets of the House leadership’s budget ax. The column on the right is the cost to specified tax breaks (see bottom of page for sources).


http://www.americanprogress.org/issues/2011/02/tax_breaks_infographic.html

:hi:

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Historic NY Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 10:17 AM
Response to Original message
11. Sounds like one of them paid trolls pushing for pizza.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 12:02 PM
Response to Original message
12. FAIL
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 12:04 PM
Response to Original message
13. Misrepresenting source material = FAIL.
tsk-tsk-tsk
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Ikonoklast Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 12:10 PM
Response to Original message
14. This can be posted one million times, and it will still be wrong.
ODS in full flower.
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Funkflush Donating Member (2 posts) Send PM | Profile | Ignore Tue Mar-22-11 05:13 PM
Response to Original message
16. Please help!
Edited on Tue Mar-22-11 05:30 PM by Funkflush
I have a conservative co-worker who continually likes to argue about how he's right, so I printed up this graphic, and gave him the site to check out on his own, just to prove to him how insensitive conservatives really are when you take a good look. He told me that he's heard of the Center for American Progress and that they are just a liberal think-tank like some others (which he rattled off) and continued to tell me that (basically) they were just a bunch of lying socialists.

So I went back to the site to try to bolster the facts. I got to the chart shown above of the 10 safety-net programs slated for deep cuts. The list was made on February 22, 2011, with references to the tax cuts, but NO references on how they get the list of programs at risk, which makes it more difficult to check accuracy.

http://www.americanprogress.org/issues/2011/02/tax_breaks_infographic.html


After searching numerous ways, I found that apparently most EC programs appear to be primarily State funded, and most appear to be making cuts. That's a state issue, so I couldn't really address that part of it, but The federal side contributes quite a bit also.

Total Federal amount funded to EC programs: 16,654,049,964

http://www.zerotothree.org/public-policy/federal-policy/tracking-federal-child-care.html

http://main.zerotothree.org/site/DocServer/ECE_Chart-2-1-10.pdf?docID=10602

So I had the basic numbers there. I guess by the chart, there would be some minuscule amount left after proposed cuts?
Not satisfied with a discrepancy, I looked further. I found:

Jason Delisle, director of the Federal Education Budget Project says:
For FY 2011 as of March 8
There was a 4 billion cut across all annual appropriated agencies. (800 million from dept of ed. programs)
On March 18th the CR expires for that 4 billion cut, then a 10 billion cut is proposed.

---An update as of March 22 should be inserted here, but between working and taking care of kids, I am weary of research.---

FY 12
Starts in Feb, so proposal has been submitted by President.
Non-security discretionary spending freeze at 430 billion for 5 yrs which doesn't include:
SS
Medicare
Medicaid
Homeland security
Vet affairs

Cuts to:
DoJ
DoC

Increase in:
Dept. of Education (largest increase to Pell Grants at 5-6 billion) from 70 bill to 77 bill.

http://earlyed.newamerica.net/blogposts/2011/podcast_making_sense_of_the_federal_budget_process-46127

I looked for a proposed cut from house leadership to early childhood education programs, but I had a hard time finding anything. What I did find was a list of cuts proposed in January (2.5 trillion), but the only thing I could find in it regarding education was this:

Posted January 20, 2011
Eliminate duplicative education programs. H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 at a savings of $1.3 billion annually.

One other interesting thing I did find (since the list focuses on inheritance there) is a provision I had no idea existed, a death gratuity for Members of Congress. It gives a year salary (consisting of taxpayer money) of the congressman to the widow/descendants.

http://www.uncoverage.net/2011/01/you-want-cuts-the-gop-offers-2-5-trillion-in-budget-cuts/

I spent over 2 hours looking for information (and writing this) to back up the "at risk" side only for the early childhood programs, and I can't find anything where the House leadership wants to do away with early childhood programs. On the tax cut side there are references, so it will be easier to verify everything there and even expand on them.

My intention was to go through each item, but I think I might have to give up. I just wish there were more references about that list!

So how can I respond about this?
Has anyone else done any research into the list that can help me with some references?
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