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In reply to the discussion: We need a new Democratic Party [View all]ProSense
(116,464 posts)37. There you go again
"raising taxes on the rich did NOT win...Obama gave $1.3 trillion in tax cuts to the richest 5% "
...with your bogus numbers.
Capital Gains Tax Cuts By Far The Biggest Contributor To Growth In Income Inequality, Study Finds
http://www.democraticunderground.com/10022407211
President Obama actually did something to address the inequality, raising taxes on the top one percent (higher than the Clinton rate with the health care tax included) and increasing capital gains to its highest level since the mid 90s. The total effect is significant.
<...>
Perhaps the best prism through which to see the Democrats gains is inequality. In the 2008 campaign, Mr. Obama said that his top priority as president would be to create bottom-up economic growth and reduce inequality...In the 2009 stimulus, he insisted on making tax credits fully refundable, so that even people who did not make enough to pay much federal tax would benefit. The 2010 health care law overhaul was probably the biggest attack on inequality since it began rising in the 1970s, increasing taxes on businesses and the rich to pay for health insurance largely for the middle class.
http://www.nytimes.com/2013/01/03/us/politics/for-obama-fiscal-deal-is-a-victory-that-also-holds-risks.html
Perhaps the best prism through which to see the Democrats gains is inequality. In the 2008 campaign, Mr. Obama said that his top priority as president would be to create bottom-up economic growth and reduce inequality...In the 2009 stimulus, he insisted on making tax credits fully refundable, so that even people who did not make enough to pay much federal tax would benefit. The 2010 health care law overhaul was probably the biggest attack on inequality since it began rising in the 1970s, increasing taxes on businesses and the rich to pay for health insurance largely for the middle class.
http://www.nytimes.com/2013/01/03/us/politics/for-obama-fiscal-deal-is-a-victory-that-also-holds-risks.html
The biggest progressive gripe about the legislation is that Mr. Obama extracted less revenue from the affluent than expected about $600 billion versus $800 billion over the next decade. In perspective, however, this isnt that big a deal. Put it this way: A reasonable estimate is that gross domestic product over the next 10 years will be around $200 trillion. So if the revenue take had matched expectations, it would still have amounted to only 0.4 percent of G.D.P.; as it turned out, this was reduced to 0.3 percent. Either way, it wouldnt make much difference in the fights over revenue versus spending still to come.
http://www.nytimes.com/2013/01/04/opinion/kurgman-battles-of-the-budget.html
http://www.nytimes.com/2013/01/04/opinion/kurgman-battles-of-the-budget.html
That also doesn't take the additional health care tax into account.
Krugman: Obama and Redistribution
http://www.democraticunderground.com/10022224304
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Yep, righties complain about the high "rates" of taxes on corporations too...
cascadiance
Mar 2013
#113
Its supposed to include capital gains, federal and state, sales tax, property taxes, etc
bhikkhu
Mar 2013
#67
Capitals gains is the central point, and the bulk of the poolside billionaires' income.
GoneFishin
Mar 2013
#122
Capital gains is a much different rate than income tax, this is alsp the reason Warren Buffett
Thinkingabout
Mar 2013
#123
The top one percent have just experienced the loss of the Bush tax cuts for themselves
fasttense
Mar 2013
#43
That says based on "income". I don't think capital gains is considered income
cui bono
Mar 2013
#192
Catch-22. The people who have the power to change the system are part of the system.
Tierra_y_Libertad
Mar 2013
#13
exactly- how long did it take for the scoundrels to pass the (un)patriot act?
green for victory
Mar 2013
#130
We need to fix the voting system first. Wont be able to get campaign finance laws
rhett o rick
Mar 2013
#125
Ratfuckers generally do advocate for a "new" Democratic party. But that's not what you are, right
KittyWampus
Mar 2013
#3
Your reply makes his point. That is a hateful reply aimed at stifling discussion.
rhett o rick
Mar 2013
#224
He's also making the point tha Obama is offering the Republicans what they want.
Tierra_y_Libertad
Mar 2013
#26
The problem 'centrists' face right now is that one Party is offering actual compromise (DNC)
Bluenorthwest
Mar 2013
#198
One that stands for good government, that won't trade long-term stability for today's talking points
bhikkhu
Mar 2013
#20
What'sa Matter Manny, GOP Implosion Getting You Down? U Figure The Dems Need One of Their Own Too?
Skraxx
Mar 2013
#21
Yes they are very welcome here. That is exactly what the OP is doing, defending
sabrina 1
Mar 2013
#236
I believe it was you who conducted the purity test on the OP. Since you set yourself
sabrina 1
Mar 2013
#241
Voters did not "reject progressive candidates"--voters rejected candidates who ran lousy campaigns
Lydia Leftcoast
Mar 2013
#225
There was a lot of talk about the Democratic Party throwing elections back then.
Egalitarian Thug
Mar 2013
#261
We need a new Rethug party, too, don't ya think? The GOP we have now is full of criminals.
judesedit
Mar 2013
#47
Uh, not quite. Maybe you missed the letter that many in the progressive caucus won't sign.
Dawgs
Mar 2013
#63
Republican strategy is to spend fast and furious when they are in power, then
GoneFishin
Mar 2013
#157
Almost all our institutions are a complete wreck. I agree that there has to be some beachhead.
TheKentuckian
Mar 2013
#71
What can we do other then go to the streets. I'm already surprised that the people
southernyankeebelle
Mar 2013
#78
I wish we'd make our tent a little smaller and send the conservadems back to the Republican Party
Cleita
Mar 2013
#94
Now it is the Third Way centrists who maintain that both Parties are equally at fault
Bluenorthwest
Mar 2013
#202
You're totally right - Talk is easy; walking the walk is not; get off your asses
pattiepcomedy
Mar 2013
#112
"Manny and posts that attack the President will always get hundreds of recs."
Number23
Mar 2013
#183
I would be great if Dems stopped being moderate Republicans and Republicans
I Cant Dance
Mar 2013
#109
We need the old Democratic Party back. Kick out the damn conservatives. nm
rhett o rick
Mar 2013
#127
Do you have a link showing that both the CBO and the SSA is using ~8% UE rate
I Cant Dance
Mar 2013
#144
Nobody can predict the future, so that argument goes in circles. You oppose lifting the SS cap.
Romulox
Mar 2013
#219
I couldn't agree with you (or Senator Sanders) more. The arguments against are insane. nt
Romulox
Mar 2013
#242
+22,198 and +4 (the number coincidentally that Nader got in New Hampshire)
graham4anything
Mar 2013
#153
I hear you, and I agree. I feel exactly the same about all the political parties here
BelgianMadCow
Mar 2013
#138
This is what happens when the vast majority of the money and power is hoarded by just a few.
w4rma
Mar 2013
#149
I notice 10 hours after this thread started, you just added the following-
graham4anything
Mar 2013
#176
I love your posts. They are highly entertaining. Love conversing with you.
graham4anything
Mar 2013
#179
Issues are too complicated for someone whose first instinct is to compromise to solve
Lydia Leftcoast
Mar 2013
#244
K & R, to be liberal is to want what our forefathers fully intended, to ensure the survival
mother earth
Mar 2013
#228