Do you support or oppose Obama's debt reduction plan, which includes the following provisions?

[jefferson_dem]

Poll question: Do you support or oppose Obama's debt reduction plan, which includes the following provisions?

— Letting the Bush tax cuts expire as scheduled on Dec. 31, 2012 for individual incomes above $200,000 and family incomes above $250,000. The total over 10 years: $800 billion;

— Limiting itemized deductions for the same incomes. Total over 10 years: $400 billion;

— Closing loopholes for oil and gas companies. Total: $40 billion;

— Raising taxes on investment fund managers. Total: $18 billion;

— Raising taxes on owners of corporate jets. Total: $3 billion;

— Reforming the tax system to make sure millionaires pay the same overall tax rate as the middle class.

http://www.mcclatchydc.com/2011/09/19/124505/obama-to-propose-31-trillion-tax.html?utm_source=twitterfeed&utm_medium=twitter&utm_term=news

[Mass]

1. I do, but I wished they stopped to refer to millionaires when they

are taxing people with 1 million dollar income.

No need to frighten seniors with a nice house and stocks who happen to be millionaires because of that, but whose income is lower than $100,000.

[great white snark]

6. Great point.

You know where there's any chance to frighten seniors the GOP will be all over it.

[Dawgs]

2. Push poll at it's worst. n/t

[jefferson_dem]

3. Cognitive dissonance...

sucks, eh.

Psst... it's totally fine to say you like the President's proposal. Really it is.

[Dawgs]

4. But, I don't like it.

Because of the things that weren't listed in the push poll.

[jefferson_dem]

8. Hmmm... I haven't consulted the Republican talking points yet.

I suspect they are vociferously opposing what's in the president's plan... er... this "push poll".

[ProSense]

9. What

"But, I don't like it. Because of the things that weren't listed in the push poll."

...is it that you don't like, the payroll tax holiday?

What's the difference between the President's proposal and what Robert Reich proposed earlier this year:

<...>

And exempt the first $20,000 of income from payroll taxes.

Make up the revenues by increasing taxes on incomes between $250,000 to $500,000 to 40 percent; between $500,000 and $5 million, to 50 percent; between $5 million and $15 million, to 60 percent; and anything over $15 million, to 70 percent.

And raise the ceiling on the portion of income subject to payroll taxes to $500,000.

It’s called progressive taxation.

<...>

<...>

For a while now, I’ve been saying that the simplest approach to the medium-term deficit would simply be for the president to say, “I will veto any bills that increase the deficit relative to the current law baseline.” There’s a virtue to simplicity. This proposal is considerably more complicated than my idea, but the complications overwhelmingly result from making the policy more leftwing than my proposal would have been. This would give us a much more progressive rate structure of the tax code, and trim federal health care programs in a thoughtful way. By the same token, there’s no real chance of implementing this idea. Yet as a statement of vision it sets up the contrast with the opposition quite clearly. House Republicans want to repeal Medicare in order to make tax cuts for the rich affordable, President Obama wants to tax the rich in order to make Medicare affordable. Some critics will focus on the relatively small changes to federal health care programs here, but the President is essentially doing what progressives have been urging him to do for months — abandoning the strategy of pre-compromising, and planting his flag in a way that draws strong contrasts.

link

[jefferson_dem]

10. The poster doesn't like it...

because he doesn't like the President. Shame.

[Dawgs]

15. I love the President.

I think he has done many great things.

That doesn't mean I'm going to cheer everything he does just because you tell me I should, or because he has a (D) next to his name.

[Dawgs]

14. What's your point?

I don't agree with Robert Reich either.

[ProSense]

16. The

"What's your point? I don't agree with Robert Reich either."

...point was a question: What is it that you don't like, the payroll tax holiday?

If you hate the entire plan because of the payroll tax holiday, so be it.

[WI_DEM]

5. I support those ideas.

[great white snark]

7. I support that plan.

[Name removed]

11. Deleted message

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

[jtrockville]

12. Doesn't go far enough. We need to eliminate subsidies to oil companies.

[ProSense]

13. Um

"Doesn't go far enough. We need to eliminate subsidies to oil companies."

...from the OP "Closing loopholes for oil and gas companies. Total: $40 billion"

[jtrockville]

18. Closing the tax loopholes isn't enough. Why are we giving them subsidies?

Oil companies are making record profits. They can pay their fair share of taxes AND fund their exploration.

[Sheepshank]

17. What more can I say?

The answer is YES!