Berkeley CSUA MOTD:Entry 35009
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2004/11/22 [Politics/Domestic/California, Reference/Tax] UID:35009 Activity:insanely high
11/22   so what is the justification for eliminating the tax deduction
        for providing your employees with health insurance?  evil?
        assholeness?  true conservatism?  freedom is on the march?
        i don't get it.
        \_ If you are asking a serious question, some people believe
           controlling/encouraging behavior through taxes is not a good
           idea.  Why Bush did this is another matter, of course. -- ilyas
           \_ I don't think the gwbush administration is doing anything
              because of deeply held conservative principles that are ingrained
              in them after long years of study of Smith.  They just
              want to stick non ultra rich people with the bill for
              their spending habits. - danh
              \_ Neat Dan, can I borrow your direct line into W admin's heads
                 sometime?  I mean seriously, is it completely inconceivable
                 to you that there may be a non-evil explanation? -- ilyas
                 \_ so what is their justification?  the war on terror? - danh
                    \_ It's not like Dubya woke up one day and decided to cut
                       in this particular way.  He has some idea of what he
                       wants, and he asks his advisors, who in this case would
                       be high powered econ people, for plausible
                       implementation.  Your beef is probably with them, but
                       I bet they _are_ governed by principle (and understanding
                       of econ).  You may not agree with the principles, but
                       painting them as mindless evil is silly.  -- ilyas
                       \_ No, he didn't wake up and think this.  He's said
                          all along that this was what he wants to do.  His
                          whole plan of the ownership society is about "encour-
                          aging investment".  Unfortunately the HUGE majority of
                          the population does not have sufficient investment
                          to benefit from these policies nor available cash
                          to increase their holdings.  This is a massive tax
                          burden shift from investments to income.
                          \_ Actually, insofar as Bush wants to encourage
                             any sort of behavior (even 'good' behavior, as I
                             see it), I disagree with him.  On the other hand,
                             moves to make out tax system less progressive and
                             more flat make me happy.  I d be annoyed if he
                             copped out of the vague flat taxish motions he was
                             making in early 2004. -- ilyas
                       \_ you don't believe there are evil people in the
                          world?
                          \_ No, I don't believe Bush's econ prof advisors are
                             evil, no.  Do you?  Can I have some of the good
                             stuff you are having? -- ilyas
                             \_ I believe Grover Norquist bathes in the blood
                                of liberal virgins every night. - danh
                             \_ don't be an idiot!  no red blooded texan
                                listens to sissy econ prof from academia.
                                he just finds an econ prof whose theory
                                happens to fit his agenda.
                \_ whether they are evil or not doesn't matter so much to me
                   lately, whoever is in charge of fiscal policy appears to
                   be completely delusional as they continue to increase
                   spending while deliberately cutting off the gov's revenue
                   streams.  maybe grover norquist has gay blackmail photos
                   of everyone?  can you find a non faith based economist
                   who actually thinks cutting off revenue and running huge
                   budget and trade deficits is a good thing for the US
                   economy?  i think the dollar is going to plummet,
                   debt service is going to become a huge chunk of our budget
                   just like several third world countries, but at least
                   gay people won't get penalized by the death tax. - danh
        \_ Link?  I have no idea what you're talking about.
        \_ http://csua.org/u/a2h
           [stuff about the administration trying to further cut capital gains
           taxes]
           "The changes are meant to be revenue-neutral. To pay for them, the
           administration is considering eliminating the deduction of state and
           local taxes on federal income tax returns and scrapping the business
           tax deduction for employer-provided health insurance, the advisers
           said." - danh
           \_ Do people here live in caves?
              \_ More or less.  I don't watch TV, and read the news that shows
                 up on google.
        \_ I particularly like the $2m to buy the presidential yacht.
        \_ The justification is that the current administration is
           against gay marriage and terrorists.  Get it?
        \_ What will screw me is eliminating the deduction for state and
           local taxes. It would be just like Kerry winning. The biggest
           reason lots of Repubs vote Repub is because of taxes. If Bush
           is gonna sock it to high-income people living in states with
           high tax rates then the Repubs are ruined.
           \_ Welcome to the ownership society.
           \_ Dude, Bush is spending massive amounts of money while slashing
              taxes for obscenly wealthy, leading to record debts.  Where do
              you think the money is going to come from?  Just because the
              Republicans claim to be the party of financial responsibility
              doesn't mean they are.
              \_ "If Bush is gonna sock it to high-income people"...
                \_ He isn't socking it to the ultra-high income people.
                   \_ There aren't enough ultra-high income people to make
                      any real difference to government debt one way or the
                      other.
                   \_ Ultra-high income people are still getting screwed
                      by this, because they pay a lot in state taxes. If
                      you make $10 million per year you are paying $1
                      million to CA and Bush's stupid idea costs you real
                      money.
           \_ No.  Those states voted Kerry anyway.  Bush's power base is
              secure.
              \_ Haha, it would be awesomely evil if Bush implemented a
                 blue state agenda in blue states.  Democracy would work
                 then! -- ilyas
                 \_ This was not a blue state agenda in any way shape or form.
                    \_ Raising taxes is always a blue state agenda.
                     \_ Until you start actually questioning this are
                        you just going to keep being surprised that the
                        republicans are fucking you tax wise while claiming
                        the opposite and then forgetting about it until the
                        next time your ass hurts?
                 \_ Oh, you mean CA.  A state with blue state budgetary
                    priorities and the predicted blue state problems?
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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Cache (2839 bytes)
csua.org/u/a2h -> www.washingtonpost.com/wp-dyn/articles/A58554-2004Nov17.html
He is also a member of the White House Council of Economic Advisers. Bush Plans Tax Code Overhaul Changes Would Favor Investment, Growth By Jonathan Weisman and Jeffrey H Birnbaum Washington Post Staff Writers Thursday, November 18, 2004; Page E01 The Bush administration is eyeing an overhaul of the tax code that would drastically cut, if not eliminate, taxes on savings and investment, but it is unlikely to try to replace the existing tax code with a single fla t income tax rate or a national sales tax, according to several sources familiar with ongoing tax deliberations. During his reelection campaign, President Bush piqued interest among cons ervatives and liberals alike when he said replacing the income tax with a national sales tax was "an interesting idea." Just after the election he signaled that tax policy would be a centerpiece of his domestic agend a, reiterating his pledge to name a bipartisan panel to draft a fundamen tal tax reform proposal. That sent conservatives scurrying into either t he flat tax or sales tax camp to muster political momentum. Sign Up Now But before the tax panel is even named, administration officials have beg un dialing back expectations that they will move to scrap the current gr aduated income tax for another system. Instead the administration plans to push major amendments that would shie ld interest, dividends and capitals gains from taxation, expand tax brea ks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who a re advising the White House or are familiar with the deliberations. To pay for them, the adminis tration is considering eliminating the deduction of state and local taxe s on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said. As the tax discussion takes shape, "we're not talking about a replacement system," said a former White House aide familiar with the emerging poli cy. White House aides warn that no decisions have been made. "The president b elieves the tax code should be simpler, fairer, and more conducive to ec onomic growth and he looks forward to appointing an advisory panel to re view options for reforming the tax code," White House spokeswoman Clare Buchan said. will be asked to review all options, to seek input from members of Congress, to hold public hearings and then provide advice to the Treasury secretary, who will provide recommendations to the preside nt." She said she expects an executive order laying out the panel's mission an d naming its members by the end of the year. But already, the contours of a tax plan are taking shape: lower individua l and corporate tax rates and steps to broaden the base of taxation and promote growth by cutting taxes on investment.