Eh. I don't think thats a big deal, they would have blown up any cut proposed.
The GOP still backs the ryan budget which dismantles medicare. Its not like they have they're free from proposing cuts. They have votes on record.
When this doesn't come for a vote the dems can still say they don't support it.
GOP never named the cuts they wanted. Obama has.
Ryan budget cuts medicare and obamacare. They've voted on it.
Difference is, GOP have their propaganda machine behind them.
Was this much fear mongering in 2011 when obama proposed raising the retirement age, when the GOP was going to win on the 700 billion dollar cut to medicare?
The propaganda machine didn't work in 2012, in the Fiscal cliff, debt ceiling, etc. Its overblown. If the GOP's poll numbers rise for a few months after this I'd panic. Otherwise no.
There's a reason why the CPI cut is in the government's budget and not the senate budget.
Really?
You're making the case the better returns on saving will not incentivize saving?
Even supply siders don't say that.
We're definitely at an impass if we can agree on that.
And before you run to the googles to look for economics that agree with your assertion, I should caution you that the people who think that saving in inelastic (or more accurately less elastic) generally think that savings doesn't matter so much.
I didn't want to do it, but fine.
Can you read and understand this (from that study) -
I actually can, it's not even super complicated, but my guess is that you didn't exactly read it, you were looking for a study that would support you position, but I'm more than happy to talk about the issues that I have in their methodology, but if you're going to butt out and say "well, it's really about compliance complexity" then I'd rather not bother.
Obama was on the offensive for 2012 though. For 2010 he was 'compromising' where the huge losses came from(of course alot of that was because of the gerrymandering). If he continues this shit, then the dems could have a very hard time in the upcoming election I believe.
So. Fucking. Predictable. This was called by everyone during the last "grand bargain" negotiations. Even the Obama administration players correctly gamed out that it was the reason the GOP would not name their entitlement cuts: they wanted Obama to own them for the inevitable bait and switch.
Obama walked right into it. He learned zilch from his entire first term working with these people. I don't think it's a stretch to say this will have an impact on the House midterms. The collective cry of dismay from House Dems when chained CPI was known to be included in the budget was deafening.
Obama, fuckin' Obama. Guy keeps letting himself into these traps, stop it already goddam
Obama was on the offensive for 2012 though. For 2010 he was 'compromising' where the huge losses came from(of course alot of that was because of the gerrymandering). If he continues this shit, then the dems could have a very hard time in the upcoming election I believe.
What traps? When has he "lost" besides sequestration?
this is an annoying cycle. Panic from the left that obama is giving in, republicans screw up and push themselves into a corner and we end up escaping from damage.
What traps? When has he "lost" besides sequestration?
this is an annoying cycle. Panic from the left that obama is giving in, republicans screw up and push themselves into a corner and we end up escaping from damage.
Maybe he just believes in this shit. It would explain a lot.Obama, fuckin' Obama. Guy keeps letting himself into these traps, stop it already goddam
Maybe he just believes in this shit. It would explain a lot.
I'm confuse by what you're saying, you're saying we can change the interest rates?No. I clearly did not argue this. higher rates cause people to save more, but what you seem to be missing is why the rates rise. You said if we want people to save more, why not just raise interest rates? You seem to not understand how the rates go up. If only it were so easy.
What do you think I'm talking about?in inelastic what? You're missing a word or two in that sentence.
So now it's a consensus?Yes, I can understand the math, but that isn't relevant (and I haven't read that paper in a long time). I merely posted it as a model that demonstrates, under certain conditions, what I've been saying (the paper looks into switching from one to the other which is a different issue to our conversation). And yes, it would be boring and I frankly don't want to get into that type of conversation.
I'm just at a loss about your argument. You are arguing that there is no benefit to a consumption tax over an income tax in any way, despite a huge consensus on the subject, without actually explaining why and simply outright rejecting almost argument to the contrary. When I bring up one benefit you seem at least willing to accept it does (increase saving and investment) you claim this is not a benefit. You're arguing Americans shouldn't have saved more in the past, which to me is a ludicrous position. Just the fact that you think the compliance costs of a sales tax is the same as the income tax is strange. I mean, it should be self-evidently not.
As I said, we're not getting anywhere. You asked someone to explain the benefits, you don't like the answers given, and I am failing to see the benefit of going on.
He believes in getting that Grand Bargain™ footnote for his chickenshit legacy.
We’ve covered Vermont’s efforts to achieve its own style of health care reform. As a reminder, Vermont is the state where candidates for governor tried to show that their opponents were less in support of single-payer than they were. The most recent issue of NEJM has an update.
Governor Shumlin signed Green Mountain care into law about two years ago. Since then, the government has made efforts to engage residents and stakeholders through active engagements, town hall-like events, and advisory groups. They created an independent board with oversight over the entire health care system, including “jurisdiction over payment reform, insurance exchanges, rate setting, hospital-budget authorization, resource and workforce allocation, state formulary establishment, regulation of insurance carriers, and maintenance of a statewide quality-assurance program.” They’ve been working hard on their exchange, which they believe could function as the needed infrastructure for a single-payer system.
Is the man so obsessed with having a legacy of bipartisanship that he's failing to see that these people WILL NOT FUCKING NEGOTIATE?!
What's it going to take for him to wake the fuck up to reality?
I hope Obama has some plan to deal with this. He couldn't have not anticipated it.
Do you want me to seriously list all the times over the first term when this happened? I can't tell if you're being serious or not considering how often it happened. It's either from trying to bend over too far to accommodate Republicans in a show of good faith that is never returned, or it's from walking right into a trap that allows the narrative to shift away into craziness (say, the entire summer of the Health Care debate).
This tells me more about republican extremism than Obama. If republicans were smart, or half way interested in the extreme positions they claim to support, they would have fleeced Obama long ago. They could have gotten a raise in the Medicare eligibility age in 2011, and they could get social security cuts now in exchange for cutting tax loopholes they can simply reinstate to a defense appropriations bill or omnibus bill down the line.
Thank god McConnell is the senate minority leader and not the House majority leader. Every time Boehner struggles with his job I can just imagine McConnell shaking his head at the missed opportunities House republicans are piling up.
I agree that he's walking into "traps" but they've never ended up being traps, he escapes we've never really instituted these horrible things besides sequestration
That's my point.
Allowing a "health debate" among interested parties and bringing Republicans into the fold was one of Obama's very first - and most important - strategic choices during the Health Care debate, as was his decision to sit back and let Congress hash out the details. He did this in good faith.
The negative repercussions of that are still being felt with the dead even split country and the barely mediocre bill we ended up with.
Or how about the 2010 debt ceiling debate? Want to get into how many ways Obama failed on that one?
There's already a whole Plum Line leak about it. Basically, Obama believes that it's already too late to avoid getting attacked over chained CPI after discussing it during the fiscal cliff, and that the GOP is just not effective at attacking Democrats for cutting entitlements, compared to the effectiveness of framing the GOP as the party of the rich. I don't think it's intrinsically a crazy argument -- I remember this coming up last year. Attacking Dems for slashing entitlements cuts across the political narrative, which makes it harder to stick. At the same time, when Boehner and Cantor are calling for the SS cuts to be passed immediately, it kind of muddies the waters for people who want to pin it on Obama.
http://www.washingtonpost.com/blogs...rs-cut-social-security-but-dont-tax-the-rich/
People seem to be freaking out just based on the GOP's reaction here, which seems silly to me. We already knew what the Republicans were going to do. The real question is what the political consequences will be, and we haven't seen those yet. Just because somebody says it doesn't make it so.
I'm confuse by what you're saying, you're saying we can change the interest rates?
What do you think I'm talking about?
To interest rates.
Come on now, don't play stupid.
So now it's a consensus?
And you didn't explain shit, you linked to an article.
But fine, what argument for VAT do you think is supported by that article?
They're pretty much advocating a more regressive tax code (they don't say it in so many words but their equations do).
As you might expect in a debate about whether or not the U.S. should make a risky move to perpetuate the use of fossil fuels, some committee members took the opportunity to voice doubt that the constant burning of that energy source was behind the rising temperatures, melting ice sheets, and abnormal weather events most scientists associate with climate change. That's when noted climate skeptic, Republican Congressman from Texas, Joe Barton, decided to summon Noah's Great Flood as evidence suggesting that humans aren't necessarily to blame for all of this.
“I would point out that people like me who support hydrocarbon development don’t deny that climate is changing,” he added. “I think you can have an honest difference of opinion of what’s causing that change without automatically being either all in that’s all because of mankind or it’s all just natural. I think there’s a divergence of evidence.”
“I would point out that if you’re a believer in in the Bible, one would have to say the Great Flood is an example of climate change and that certainly wasn’t because mankind had overdeveloped hydrocarbon energy.”
Was this much fear mongering in 2011 when obama proposed raising the retirement age, when the GOP was going to win on the 700 billion dollar cut to medicare?
The propaganda machine didn't work in 2012, in the Fiscal cliff, debt ceiling, etc. Its overblown. If the GOP's poll numbers rise for a few months after this I'd panic. Otherwise no.
There's a reason why the CPI cut is in the government's budget and not the senate budget.
The whole point is the regressivness though, they don't say that, but their equations do.Of course it's regressive, it's replacing the income tax completely (which I don't support). I said I'm fine with a small VAT with exemptions. The point is it shows how it affects the economy switching from income to sales. It hurts cuz of the regressiveness, however.
You are arguing that a tax on consumption vs a tax on income have no different affect on the aggregate economy. It's a strange position.
The whole point is the regressivness though, they don't say that, but their equations do.
I mean, by their conclusions, the only reasons not to completely axe the the capital gains tax is a potentially problematic transition period (which I couldn't find reflected anywhere in their equations, I think they just aware of how bad that conclusion looks).
The thing that makes it worse is that it doesn't even save much money over 10 years. This is like Dukakis riding around in a tank to show he's strong on defense: it doesn't mean anything and projects an image that isn't authentic or likable. Except while riding around in a tank pretending like you're strong is harmless, cutting social security actually hurts people. And the only reason it's being proposed is so Obama can look Serious for the Serious People. A democrat president, offering to cut social security in exchange for eliminating a few tax loopholes for rich people. The end result would be poor people being poorer and rich people being...slightly less rich.
The only way this is comprehensible is if you accept the idea that Obama isn't serious about any of this, doesn't seem engaged in actually cutting the deficit, and ultimately just cares about the image of bipartisanship for bipartisanship's sake. If you raise (or eliminate) the income cap on social security you fix the program forever, without touching benefit levels. Which solution do you think the public would support more?
I do tend to see things from the Democratic perspective more often, but I don't really see how Obama's gifted anything to Republicans by including chained CPI in his budget. It's always been a part of his White House deficit plan, all you had to do was go to whitehouse.gov and it was there. It was called superlative CPI but it was the same thing.There's already a whole Plum Line leak about it. Basically, Obama believes that it's already too late to avoid getting attacked over chained CPI after discussing it during the fiscal cliff, and that the GOP is just not effective at attacking Democrats for cutting entitlements, compared to the effectiveness of framing the GOP as the party of the rich. I don't think it's intrinsically a crazy argument -- I remember this coming up last year. Attacking Dems for slashing entitlements cuts across the political narrative, which makes it harder to stick. At the same time, when Boehner and Cantor are calling for the SS cuts to be passed immediately, it kind of muddies the waters for people who want to pin it on Obama.
http://www.washingtonpost.com/blogs...rs-cut-social-security-but-dont-tax-the-rich/
People seem to be freaking out just based on the GOP's reaction here, which seems silly to me. We already knew what the Republicans were going to do. The real question is what the political consequences will be, and we haven't seen those yet. Just because somebody says it doesn't make it so.
How is that a red herring?That's fine but it's a red herring.
How is that a red herring?
They're making the case for a more regressive tax code, VAT is one way to achieve a more regressive tax code, if you accept that we need a more regressive tax code because "inefficiency" then yes, I agree, we probably need to stop arguing about that, because i'm o-for in persuading supply siders to change their mind.
But if you don't, I think you're doing a really selective reading - accepting conclusions while rejecting the assumptions they're based on is not intellectually honest.
My point is that according to their equations, your plan is worse than the current plan.the regressiveness is a red herring. The piece is about replacing all income taxes, which I oppose. But that doesn't mean we can't look to other things there, specifically the effect on the economy. You seem to be stuck thinking one must accept everything to take anything away from what's written. That's not a good aprpoach.
You know we can have include a VAT to replace a part of income taxes and make it more progressive, right?
Eliminate all payroll taxes.
Institute 1% VAT on everything.
Tie capital gains and dividends taxes to income
Boom, I just made the overall tax code more progressive and reduced taxes on the lower and middle classes. I may have lowered revenues too, but that is besides the point.
point is: a VAT is commonly associated with a more regressive tax code, but it's not required. It is wholly possible to devise a combo income tax and VAT that brings in the same revenue, increases progressivity, and reduces tax burdens on the lower and middle classes while lowering compliance and enforcement costs and increasing economic efficiency. It's doable, maybe not politically, but doable. If you disagree, then fine. I won't convince you otherwise since you think how you tax is irrelevant in aggregate.
edit: Would I accept a VAT if it meant better health care options and retirement? Possibly. To date it sure hasn't happened through the income tax structure. Scandinavia seems to put its VAT alongside great social safety nets and welfare so maybe they've realized politically it's better to go with a VAT in some ways to achieve other goals. I'm sorry to say, but you seem to be very close minded to the whole concept from the get-go.
My point is that according to their equations, your plan is worse than the current plan.
Seriously man, look at the equations, forget meaning, forget right or wrong, forget it's about taxes, just pure math, mathematically, what's drive the increase in efficiency?
point is: a VAT is commonly associated with a more regressive tax code, but it's not required. It is wholly possible to devise a combo income tax and VAT that brings in the same revenue, increases progressiveness, and reduces tax burdens on the lower and middle classes while lowering compliance and enforcement costs and increasing economic efficiency. It's doable, maybe not politically, but doable. If you disagree, then fine. I won't convince you otherwise since you think how you tax is irrelevant in aggregate.
edit: Would I accept a VAT if it meant better health care options and retirement? Possibly. To date it sure hasn't happened through the income tax structure. Scandinavia seems to put its VAT alongside great social safety nets and welfare so maybe they've realized politically it's better to go with a VAT in some ways to achieve other goals. I'm sorry to say, but you seem to be very close minded to the whole concept from the get-go.
http://americablog.com/2013/04/joe-barton-climate-change-flood-noah.htmlJoe Barton said:“I would point out that people like me who support hydrocarbon development don’t deny that climate is changing,” he added. “I think you can have an honest difference of opinion of what’s causing that change without automatically being either all in that’s all because of mankind or it’s all just natural. I think there’s a divergence of evidence.”
“I would point out that if you’re a believer in in the Bible, one would have to say the Great Flood is an example of climate change and that certainly wasn’t because mankind had overdeveloped hydrocarbon energy.”
My point is that even under those pretty hard to achieve conditions, I don't see why it would be preferable to a change in the income tax which is revenue neutral to your income + VAT system.I get that, I suppose I was hoping you'd just look at one aspect instead of all of it. That's my fault I suppose.
I will reiterate what I said later in that post:
http://americablog.com/2013/04/joe-barton-climate-change-flood-noah.html
I don't even . . . I . . . ugh.
FFS, at least get your theology right. You can't blame rising oceans on god because he promised he wouldn't do it again.
Then again, maybe the far right will provide the world with the greatest disproof of Christianity ever. In 2300, there will be no Christians left when rising oceans swallowed up coastal cities thus disproving the Bible.
And best part . . . their grand-kids will all be Muslims. LOL.