VP Biden Plays Fair

[Conan71]

"There's also the issue of whether these tax cuts, in conjunction with the health care reform bill signed last week, represent a redistribution of wealth in America, as many claim.

"It's a simple proposition to us: Everyone is entitled to adequate medical health care," Biden says. "If you call that a 'redistribution of income' -- well, so be it. I don't call it that. I call it just being fair -- giving the middle class taxpayers an even break that the wealthy have been getting."

The top quintile of Americans earned 55.7% of pretax income and paid 69.3% of federal taxes in 2006, according to the most recent CBO data. But the Vice President isn't buying the idea that the wealthiest are already paying their fair share, noting the top 1% of earners get 22% of all income made in the U.S.
"Taxes have been lowered for the wealthy considerably over the years," he says. "It's about time we get a little tax equity here."'

http://finance.yahoo.com/tech-ticker/joe-biden-on-taxes-you-call-it-%22redistribution-of-wealth%22-i-call-it-%22just-being-fair%22-455245.html?tickers=^DJI,^GSPC,HRB,INTU,^IXIC,XHB,XLE&sec=topStories&pos=10&asset=&ccode=

Soak 'em in the name of fairness, lil' Joe.

[guido911]

Get off of Biden's back conman, after all he has a higher IQ:

[Cats Cats Cats]

"    * -- Making Work Pay: The Work Pay tax credit of $400 for an individual or $800 for married couples filing jointly.
   * -- College Expenses: Families and students are eligible for up to $2,500 in tax savings.
   * -- Home Sweet Home: Homebuyers can get a credit of up to $8,000 for first homes purchased by April 30, 2010.
   * -- Cash for Caulkers: Taxpayers are eligible for up to $1,500 in tax credits for making some energy-efficiency improvements to their homes.
   * -- New Vehicle Purchases: Taxpayers can deduct state and local sales taxes or fees for vehicle purchases. (Note: this is in addition to the "Cash for Clunkers" program of last fall.)
   * -- Expanded Family Credits: Moderate income families with children may be eligible for an increase under the Earned Income Tax Credit and the additional Child Tax Credit.
   * -- Tax-free Jobless Benefits: The first $2,400 of unemployment benefits received in 2009 tax free. "




How dare they pass tax cuts for people making under $250k a year.  Socialism!

*Correction $190k*

[guido911]

How dare they pass tax cuts for people making under $250k a year.  Socialism!

Paid for by those making more than $250K a year.

"From each according to his ability, to each according to his need" Marx.

[Cats Cats Cats]

Well if you are trying to make a point about how the evil middle class is stealing the money away from those making $250k.  You should probably do it on a thread about taxes raising on people over $250k..  Besides this is a tax cut.  They pay for themselves according to republicans.

[guido911]

Well if you are trying to make a point about how the evil middle class is stealing the money away from those making $250k.  You should probably do it on a thread about taxes raising on people over $250k..  Besides this is a tax cut.  They pay for themselves according to republicans.

For SOME it is a tax cut. You must have Popeye-like arms from giving the dem reach-around excuses.

[Cats Cats Cats]

Oh, I see what you are doing.  You are pretending that because they lowered the capital gains on selling stocks that is a tax for everyone.  When really most people are investing in IRA's or 401ks and their taxes are unchanged.  So even though 95% of the tax savings are for the top few %.  It is really for everybody.  Soft clap