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View Diary: Unemployment To 8.6% - OBAMA's Recovery Leads The World (34 comments)

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  •  We haven't addressed them? (1+ / 0-)
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    virginislandsguy

    The Stimulus Act included alternative energy endeavors that the Wall Street Journal called "bigger than the Manhattan Project."  Those are ongoing and paying off.

    The Dept of Defense is converting to alternative energy.  They spend $800 billion per year on energy and are on track to convert half of that to alternative energy.  That not only reduces foreign oil dependence but also creates a huge market for alternative technologies, thus fueling the swith.

    Dodd-Frank directly addresses the rapacious financial sector.  It doesn't make it less rapacious, but it makes taxpayer funded bailouts illegal, includes the Volcker Rule in an effective form, and requires death to big banks that fail - formerly "too big to fail."

    The Affordable Care Act institutes payroll tax on all investment income and capital gains for high income taxpayers.  That provision, combined with other middle-income tax programs sponsored by the President, represent the largest shift of income from wealthy to middle class in U.S. history.

    The statements you make are fashionable, but  not accurate.

    •  What? (0+ / 0-)

      "The Affordable Care Act institutes payroll tax on all investment income and capital gains for high income taxpayers.  That provision, combined with other middle-income tax programs sponsored by the President, represent the largest shift of income from wealthy to middle class in U.S. history.

      First of all, what is a "payroll tax on investment income"?

      Second: we've had the largest shift of income from wealthy to middle class in U.S. history"?? How did we all miss that one.

      Finally, where the heck did you find capital gains tax increases and the mysterious payroll tax on non payroll income in the Affordable Care Act?

      the fact that you're right is nothing more than interesting

      by Egg on Fri Dec 02, 2011 at 10:17:46 AM PST

      [ Parent ]

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