This is the classic strawman falsehood way of arguing, throwing out something almost no one is arguing for as if it is something else that many are pushing for. Almost no one is currently arguing for raising the taxes of the poor or middleclasses (well, no one except Perry, Cain, Bachmann, Paul, and Huntsman, according to tax plans they have proposed or statements they have made).
Most who understand economics are pushing for the rates on the wealthy and very wealthy (those making say $250,000 a year and up) to be raised to at least Clinton era rates, and preferably 1960s rates. There is a serious imbalance in tax rates in this nation when TRUE small businessmen (those making say $60,000- $200,000 a year)-- many dentists, doctors, lawyers, plumbers and electricians, and many other middle class to slightly wealthy people-- pay a higher average federal tax rate than the Forbes Top400 in income do. The best answer to save our economy and in the long run our nation is to get the rates on the wealthy back up high enough to encourage job creation (deductible cost) and deductible business investments before it is too late.
"Besides, the merchants didn't need protection from big transaction fees"
In reality, we all need protection from fees charged by card processors, banks, and Visa/MC/etc., because these fees amount to a roughly 1-3% price increase on everything one purchases at any business which accepts credit cards, whether one pays cash or not, as the card companies do not allow businesses to charge the fees directly to credit card users.
Because of the card comapnies not allowing the exact fees to be passed on to just those who use the cards, it basically amounts to credit card company tax on everyone, and most people do not realize it because the never see the fees (3.2% + $0.30 per transaction for my business).
Unfortunately, since they let the Making Work Pay credits ($400 ind., $800 couple) expire, that is a gain of $0 for individuals making $20,000 or couples making $40,000, and for individuals making less than $20,000 and couples making less than $40,000, it is a net loss when compared to last year's tax return (all other things remaining the same). So basically it comes down to the working poor and lower middle class getting less, the middle class (above $40,000 per couple) making a hair more ($200 for every $10,000 above $40,000 up to the SSI limit of $106,800), and the wealthiest 1% making away like bandits (their total overall average taxes paid --local, state, federal-- is a smaller percentage of their income than the middle classes' percentage of income paid). Watch "Franken's Floor Statement on Tax Cuts" on Youtube for more data and truth.
Omninewsorg, you are posting falsehoods, might want to change your monniker to WeeklyWorldNews. Try some research before believing drivel such as you post. For example, from snopes.com:
"I will stand with the Muslims should the political winds shift in an ugly direction."
This statement is a rewording of a passage from page 261 of The Audacity of Hope, in which Barack Obama spoke of the importance of not allowing inflamed public opinion to result in innocent members of immigrant groups being stripped of their rights, denied their due as American citizens, or placed into confinement, as was done with Japanese-Americans during World War II. The original contains no specific mention of "Muslims":
"In the wake of 9/11, my meetings with Arab and Pakistani Americans, for example, have a more urgent quality, for the stories of detentions and FBI questioning and hard stares from neighbors have shaken their sense of security and belonging. They have been reminded that the history of immigration in this country has a dark underbelly; they need specific reassurances that their citizenship really means something, that America has learned the right lessons from the Japanese internments during World War II, and that I will stand with them should the political winds shift in an ugly direction."
Om, don't try and mutate facts to fit your desired outcome-- Obama is not a Muslim, he is a professed Christian, and has professed that in the USA and wordlwide, even before Muslim audiences-- "I'm a Christian..." (Cairo speech, 2009).
Taxes and economic growth
This is the classic strawman falsehood way of arguing, throwing out something almost no one is arguing for as if it is something else that many are pushing for. Almost no one is currently arguing for raising the taxes of the poor or middleclasses (well, no one except Perry, Cain, Bachmann, Paul, and Huntsman, according to tax plans they have proposed or statements they have made).
Most who understand economics are pushing for the rates on the wealthy and very wealthy (those making say $250,000 a year and up) to be raised to at least Clinton era rates, and preferably 1960s rates. There is a serious imbalance in tax rates in this nation when TRUE small businessmen (those making say $60,000- $200,000 a year)-- many dentists, doctors, lawyers, plumbers and electricians, and many other middle class to slightly wealthy people-- pay a higher average federal tax rate than the Forbes Top400 in income do. The best answer to save our economy and in the long run our nation is to get the rates on the wealthy back up high enough to encourage job creation (deductible cost) and deductible business investments before it is too late.
Monthly debit card fees taking shape
"Besides, the merchants didn't need protection from big transaction fees"
In reality, we all need protection from fees charged by card processors, banks, and Visa/MC/etc., because these fees amount to a roughly 1-3% price increase on everything one purchases at any business which accepts credit cards, whether one pays cash or not, as the card companies do not allow businesses to charge the fees directly to credit card users.
Because of the card comapnies not allowing the exact fees to be passed on to just those who use the cards, it basically amounts to credit card company tax on everyone, and most people do not realize it because the never see the fees (3.2% + $0.30 per transaction for my business).
Monthly debit card fees taking shape
So banks are going to charge for something that is cheaper for everyone involved than using/processing checks?
Pretty obvious moneygrab using the new regulations as a cover, otherwise they would charge for the labor-intensive processing of checks instead.
.
Tax cut compromise puts money in workers' pockets
Unfortunately, since they let the Making Work Pay credits ($400 ind., $800 couple) expire, that is a gain of $0 for individuals making $20,000 or couples making $40,000, and for individuals making less than $20,000 and couples making less than $40,000, it is a net loss when compared to last year's tax return (all other things remaining the same). So basically it comes down to the working poor and lower middle class getting less, the middle class (above $40,000 per couple) making a hair more ($200 for every $10,000 above $40,000 up to the SSI limit of $106,800), and the wealthiest 1% making away like bandits (their total overall average taxes paid --local, state, federal-- is a smaller percentage of their income than the middle classes' percentage of income paid). Watch "Franken's Floor Statement on Tax Cuts" on Youtube for more data and truth.
Is Obama Muslim?
Omninewsorg, you are posting falsehoods, might want to change your monniker to WeeklyWorldNews. Try some research before believing drivel such as you post. For example, from snopes.com:
"I will stand with the Muslims should the political winds shift in an ugly direction."
This statement is a rewording of a passage from page 261 of The Audacity of Hope, in which Barack Obama spoke of the importance of not allowing inflamed public opinion to result in innocent members of immigrant groups being stripped of their rights, denied their due as American citizens, or placed into confinement, as was done with Japanese-Americans during World War II. The original contains no specific mention of "Muslims":
"In the wake of 9/11, my meetings with Arab and Pakistani Americans, for example, have a more urgent quality, for the stories of detentions and FBI questioning and hard stares from neighbors have shaken their sense of security and belonging. They have been reminded that the history of immigration in this country has a dark underbelly; they need specific reassurances that their citizenship really means something, that America has learned the right lessons from the Japanese internments during World War II, and that I will stand with them should the political winds shift in an ugly direction."
Om, don't try and mutate facts to fit your desired outcome-- Obama is not a Muslim, he is a professed Christian, and has professed that in the USA and wordlwide, even before Muslim audiences-- "I'm a Christian..." (Cairo speech, 2009).
Obama a Muslim? Rumors gain steam, defying facts
Obama:"I'm a Christian..."
http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-at-Cairo-University-6-04-09/
Facts are stubborn things.