Senate Republicans officially say million dollar earners must not contribute anything to deficit fix

[muriel_volestrangler]

(plus a couple of turncoat Democrats :mad: ) But this is now on record, for opponents to use to point to how Republicans are looking after the millionaires:

Senate rejects symbolic measure on ‘shared sacrifice’

The symbolic measure, introduced last month by Senate Majority Leader Harry Reid (D-Nev.), failed to secure the 60 votes necessary to end debate. Fifty-one members, all members of the Senate Democratic caucus, voted in favor of proceeding on the measure, while 49 senators – including 47 Republicans and two Democrats, Sens. Mark Pryor (Ark.) and Ben Nelson (Neb.) – voted “no.”

The measure would have expressed the “sense of the Senate that any agreement to reduce the budget deficit should require that those earning $1,000,000 or more per year make a more meaningful contribution to the deficit reduction effort.”
...
Democrats had been hoping to use the non-binding measure to further their case that tax increases must be included in a bipartisan debt-limit agreement.
...
"Once again (Sen.) Scott Brown (R-Mass.) has gone along to get along with Washington, D.C. Republicans’ efforts to protect the wealthiest Americans and special interests," Massachusetts Democratic Party Chairman John Walsh said in a statement targeting the Bay State's junior senator.

http://www.washingtonpost.com/blogs/2chambers/post/senate-rejects-symbolic-measure-on-shared-sacrifice/2011/07/13/gIQAU8qhCI_blog.html

[Somawas]

1. What whores.

[postulater]

2. Tax codes fail to recognize that some dollars are more valuable than others.

The dollar that an electrician earns, the dollar that a firefighter earns or a nurse earns has much greater value to society than a hundred dollars earned by trading stocks or by speculating on real estate.

The most valuable dollars should be taxed the least.

The least valuable dollars should be taxed the most.

It's backwards right now.

[Thav]

3. Agreed. I did a little research

using numbers from 2007. If you raised the top tax bracket rate by 5% (taxking the least valuable dollars) the nation could make the first 30k of income tax free (most valuable dollars). Changing nothing else, that collect $6 billion more tax dollars. Being that the median income in 2007 was $45k, that's quite a bit of a break for most of the country, or about $300 billion into the hands of the people who are most likely to SPEND it to "consume" goods and services. Being that consumer spending is 70% of the US economy, and consumer spending levels and consumer confidence have more of an effect on the economy than anything else.

Want to create jobs? Raise the demand for goods and services to the point where buinesses have to hire to keep up with demand. Tax breaks and loophole don't create the need for more jobs.

(edit to change some wording)

[postulater]

4. I guess that is too logical for people with a lump of coal for a brain.

[Thav]

5. THINKING IS HARD! Let's go shopping!