Originally Posted by L.A. BRONCOS FAN
Why would you want Obama to step down when he's a servant of the same Wall Street masters whose interests you defend?
How is me saying I am against taking away deductions for people making 200 grand a yr, or couples making 250 grand a yr, make wall street my master?
What makes you think I was for TARP?
I am all for closing the capital gains loophole ceos use to get only 15% on income. I just dont want it closed for investors. Shouldn't be hard to make a rule if the stock comes from a company you are running you get taxed more etc etc. I don't know truthfully LABF I'm not smart enough in economics to know exactly how it all works. I just know Obama lies when he says he only wants to tax millionaires.
Like I said I switched to a small community bank awhile ago. Really though the amount we all pay in tax when you add up state, local, federal really is staggering LABF. I know some rich people they pay a ton of tax. There are probably some rich ceos skirting there fair share, but i dont believe it is some huge pool of revenue.
In Obamas job proposal it is clear over 70% of the new revenue comes from closing the deductions couples making 250 grand, singles making 200 grand a yr. You are flat wrong if you think those people not already paying a ton in tax.
I'd rather see them just spend less money and do something to encourage real job growth. Not just spend money like his first stimulus that did nothing.
Also I am open to punishing banks who broke the law.
Really though unless I am wrong refresh my memory. The bank bailout was TARP right? started under Bush, continued to Obama. What big banks took money and didn't they have to pay it back?