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View Diary: John Boehner is holding us hostage (133 comments)

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  •  Look, I'm not your enemy here (0+ / 0-)

    so please take it back a notch, okay?

    The $1000 child credit is part of the tax sunset, isn't it?

    And that's a CREDIT, not a DEDUCTION, so, since it doesn't begin to phase out until 55k or 75k, depending on some circumstances, wouldn't that be a difference of $2,000 right there?

    •  Is the $1000 tax credit part of (0+ / 0-)

      ARRA or the Bush Tax cuts?

      If the former, it's going away no matter what you're trying to claim (or more precisely, returning to $500 . . .  In any event, Wikipedia is a bit vague on this issue:

      The per-child amount was originally set at $400 in 1998, and has since increased to $1000 through tax-year 2010. There is a sunset provision to the Act that set this amount which will bring the amount down to $500 per-child in 2011.

      So, worst case scenario in your world, that'd be $1,000 not $2,000.

      Regardless, the calculator I linked to - from the Tax Foundation - isn't particular progressive, I have no idea why they're trying to soft peddle this issue as you seem to be claiming.

      •  No in my world (0+ / 0-)

        And I'm making no such claim.  I used the number I found.

        Whether it's $1600 or $2900 isn't the issue to me at all.  If Presidnet obama gets his way and cuts only the top, I'm getting hit, hard.

        And if I had my my way, I'd go further and there would be ANOTHER, HIGHER bracket at $1 million.

        •  OK, that's news to me . . . (0+ / 0-)

          If Presidnet obama gets his way and cuts only the top

          are you absolutely sure he's proposing to cut only the top?

          •  He's been calling for that (0+ / 0-)

            since the beginning of this debate, hasn't he?

            •  No, he seems to be accepting (0+ / 0-)

              the fact that it may be necessary to accept tax breaks for the very wealthy in order to preserve the meagre tax breaks that we peons get . . . .

              What I'm saying is that it is not worth it to me to keep a few cents a day (or maybe even a dollar or two) if the that means the ultra-wealthy keep their million dollar tax breaks and the country further slides into third world status.

              but that seems to be something you and I fundamentally disagree about.  Oh well. sorry if I was a tad over-wrought about this all.

              •  We don't disagree about it (0+ / 0-)

                Other than the fact that most economists I've read say that dropping the tax cuts will hurt the recovery, I don't have a dog in that fight.

                Oh, and we do disagree on the result, though - I think the average American family will be PISSED about a tax increase.

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