Extended Unemployment Benefits It would be great if the long term unemployment benefits came with job placement. Continuing to provide income for people who cannot find work for a plethora of reasons is a welfare program that could be easily mitigated. I see this tax allocation as a major issue now & in the immediate future.
Medicare Benefits When the topic of Medicare expenses being too high resurfaces will someone please remind the policy makes to take a look at the payment matrix...i.e. the details of how much doctors are making off the deal?
I don't mind paying taxes, what I do mind is our government uses those monies for their personal piggy bank. For instance, I have known for years our social security taxes we pay in are really paying for a high interest loan our government has been paying for more than 30 years now. When is that loan going to be paid off? All social security payers are entitled to those benefits at retirement age but probably will not be able to because of that loan. Also, are all our government going to be on the same health care and social security benefits as the rest of America? That would be refreshing! Our government should be an example and not have separate services from what they are trying to throw at us. Also, they should not get free lunches, cars, vacations, air fares or anything over and above what corporations offer. Everyone working gets a paycheck (including the president) and they should spend their own money on anything extra just like the normal American does. This way empathy would steer our government in what would be best for all because we would all be on the same wave length on what is best for America in growth and jobs.
The next step should include provisions for the wealthy to pay for their own wars and military. You want it, you pay for it with appropriate increases and seperate tax roll specifically targeted for that purpose and all troops receive the right to negotiate their individual cost to participate.
cliff? what cliff? the majority of america is at the foot of the cliff, struggling to get even a foothold. so i say, with utmost disrespect, may these priggish, self styled bookkeepers take a fast fkkng flying leap off the nearest 100 foot bridge to nowhere.
President Obama raised federal spending by an annually compounded 1.4%, which is a modern rcoord for the lowest annual increase in the first 3 years of a Presidency, but is still increased not decreased. In fact politicians love to claim reductions in spending, when actual spending is increasing. That is because government budget workers inflate last year's budget by inflation for that kind of spending. For example if postage rates go up by 10%, government budget experts increase the budget for postage by 10% creating a new starting point for the following year budget. If Congress then decides agencies need to use mail less often by say a 5% reduction in mail volume, politicians will call that a spending reduction even though in reality postage spending will still increase about 5% in real dollars. This kind of misrepresentation if very common and bi-partisan in Congress.
If politicians had invented math no 3 numbers would ever come to the same total.
Actually the U S. Supreme Court has rejected allowing state to term limit any federal office holders, insisting the only requirement(s) for holding each office is those specfied in the U. S. Constitution which does set the minimum age for each office and natural born citizenship for President besides minimum age.
I know this because when I lived in Colorado voters tried to impose term limits on its U. S. Senators and U. S. Representatives. The only federal office holder subject to term limits is the President who cannot be President for longer than 2 terms of office.
Absolutely nothing was achieved - this nation is bankrupt and this gov't is more than bankrupt, managing nothing but their careers. Blame is their only concern and there will never be enough "revenue" to cover current spending. No need to break down "entitlements" when waste in foreign giveaways exceed support for citizen taxpayers who pay all "revenue". No benefit in partisanship, either. We're in this together & will suffer consequences of this chaos jointly.
Nothing was achieved beneficial to the nation or to citizen taxpayers - only self-serving politicians and media hacks interested in competition.
JCKBRN-2009: Don`t worry, this is a short term Fix! Confidentially Obama cannot cope with this, as he seems to have been putting Party before the US Citizen. Inside 3 Months,the MARKETS,(remember them),will,unless politicians at last show that they are AWARE of the MASSIVE DEBT that USA now has, will DOWNRATE the USA! Pres Obama must know this, so why is he still playing the blame game? He has a record of vetoing the fiscal solution before when politics were set aside by both parties! He is continuing this stance! Can someone tell him that he is the President of the Whole United States? And that his desire for Socialism must be set aside in the interest of over 300,000,000 citizens? If he determines Not to do this, he should be impeached, for no man or party dogma is as important as the interests of the United States!
Nonpolitico, The markets in the form of debt rating agencies will clearly not wait much longer before doing another downgrade of the U. S. Sovereign credit rating. When investors reach the same conclusion the won't buy U. S. National Debt without additional interest to compensate for the greater risk of principal and interest not being paid according to the bond terms.
Congress has finally created a permanent inflation "patch" that would allow millions to escape AMT? Is this written wrong, because as it stands, it sounds as if the 'patch would ALLOW millions to ESCAPE the AMT... and I thought the point of the AMT was flat taxes of the rich, so that they couldn't avoid paying. Why would the patch allow millions to escape?
The AMT was enacted in 1969 with set limits on eanings before reductions in itemized deductions kicked in. The issue was they were fixed amounts. And since then congress has had to pass patches to adjust for inflation the amount before reducing our itemized deductions. Without this change the millions would be the number of tax payers that just got out of paying more in extra taxes. The limits in 1969 were roughly 22K for single peple and 33K for a married couple filing jointly. So technically a single mom with a couple of kids making 24K a year could collect food stamps becasue she earns so little but pay Alternative Miniumum Tax because they are so wealthy.
The AMT (alternative minimum tax) was to keep the "rich" from escaping paying at least a miniumial level of taxes. The rich as defined in 1969. The patch has been extended for inflation year after year because the cost of living adjustment wasn't included in the calculation. If allowed to expire, many of the middle class households making over 50K would find themselves included in the "wealthy" bracket. This is a good thing; however, in order for the US (as in all of us) to become econcomically healthy, all of us will have to give and pay, not just the wealthy in order for our children to have the same benefits that we have enjoyed. Who wants to work to pay for someone else's benefits.
What's the big deal???... our fellow citizens who don't pay taxes will continue to be supported by our socialistic government so that they can stay on welfare and unemployment while the rest of our full-time employed citizens will be paying the increased tax rates. Interesting...NO cut of government spending!
Cleric, you have become blind to your own interests, you are so afraid that some lazy lout will take advantage of you, while you pay your taxes and he rides free, enjoying free handouts from the government. You cannot see that it is the rich who are really gaming the system, with special tax deductions and low rates and credits. People who want to become rich will always work to achieve that goal -- they will not be discouraged by high tax rates, and they will always seek special favors by buying politicians with contributions to their reelection campaigns.
Hey, you've got 3.7 million Americans paying 60% of the country's tax bill already, and now we're being asked to dig deeper and made to feel guilty that we don't contribute enough to society's well-being. I agree with Cleric, this country needs a spending overhaul to curtail the excesses that have placed us in this position. If that means cuts in entitlements, defense, and government subsides, then let's rebalance the equation so this country can get back on it's feet again and we can broaden the tax paying base to support our country's needs.
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It would be great if the long term unemployment benefits came with job placement. Continuing to provide income for people who cannot find work for a plethora of reasons is a welfare program that could be easily mitigated. I see this tax allocation as a major issue now & in the immediate future.
Medicare Benefits
When the topic of Medicare expenses being too high resurfaces will someone please remind the policy makes to take a look at the payment matrix...i.e. the details of how much doctors are making off the deal?
If politicians had invented math no 3 numbers would ever come to the same total.
I know this because when I lived in Colorado voters tried to impose term limits on its U. S. Senators and U. S. Representatives. The only federal office holder subject to term limits is the President who cannot be President for longer than 2 terms of office.
Nothing was achieved beneficial to the nation or to citizen taxpayers - only self-serving politicians and media hacks interested in competition.
Confidentially Obama cannot cope with this, as he seems to have been putting Party before the US Citizen.
Inside 3 Months,the MARKETS,(remember them),will,unless politicians at last show that they are AWARE of the MASSIVE DEBT that USA now has, will DOWNRATE the USA!
Pres Obama must know this, so why is he still playing the blame game?
He has a record of vetoing the fiscal solution before when politics were set aside by both parties!
He is continuing this stance!
Can someone tell him that he is the President of the Whole United States? And that his desire for Socialism must be set aside in the interest of over 300,000,000 citizens?
If he determines Not to do this, he should be impeached, for no man or party dogma is as important as the interests of the United States!
Great to have it fixed.
Interesting...NO cut of government spending!