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Friday, April 06, 2007

Forum Reader call Conrad out

In case you didn’t see this, I found this in the Fargo Forum editoral page yesterday. Check it out.

Let’s hear from our congressional team
John Manesis Fargo
Opinion - 04/06/2007
It is quite clear that the new majority in Congress plans on not renewing the tax cuts of President Bush, due to expire in 2010. Our own Sen. Kent Conrad, D-N.D., is leading the charge and is the subject of a recent main editorial in the Wall Street Journal, titled “Conrad’s Tax.” He and other Democrats do not want to discuss this before the 2008 election and have resorted to various semantic contortions to explain their actions.

If Democrats repeal the Bush tax cuts, the WSJ points out the capital gains tax will go from 15 percent to 20 percent, the tax on dividends will go from 15 percent to 40 percent and marginal tax rates will increase at all levels of income. If this happens, it will represent “the largest tax increase in U.S. history,” according to that paper.

Conrad has been taken to task on several previous occasions by the WSJ, including his recent claim that the economy during Bush’s terms is the worst in modern times. Apparently the senator has a case of selective amnesia and doesn’t remember the Carter administration.

One of the sales pitches we citizens will get from Conrad and his party will be that “the rich are not paying their fair share of taxes.” The above article points out that in 2004, the top 10 percent paid 68 percent of the income tax burden, while the bottom 50 percent paid only 3 percent. Conrad and others predicted on many occasions the Bush tax cuts would cause an economic downturn, and they have been wrong time and time again.

Sens. Byron Dorgan, D-N.D., Conrad, and Rep. Earl Pomeroy, D-N.D., have an obligation to explain why they are opposed to making the mentioned cuts permanent in 2010, and they should do this before the 2008 election, not afterward. I can think of no better place than The Forum for them to state their position on this important matter

Funny thing is you will never hear a thing from Conrad. Apparently since he has just won re-election now he can go back to being the partisan hack he was before. Rewind back to the pre-2006 election good ole Kent was running as a middle of the road democrat. Well now Kent is back to his old self, he has fallen in line with the rest of the Democratic leadership.

Comments

Yes, let’s increase the capital gains tax. That would make it much more expensive for “the rich” to sell off assets. It then often becomes more economical for them to hold onto their assets, rather than sell and pay the exorbitant taxes.

In the lefty world of “reality-based”, the rich holding onto their assets, rather than the normal activity of supply and demand and healthy trading, is “social justice” and “paying a fair share”.

Liberalism is a mindset stuck in permanent “opposite day” (a game little kids play).

likwidshoe on April 6, 2007 at 11:46 pm

Since the earnings that become capital investment were originally taxed as income, taxing them again as “capital gains” is actually unfair double taxation.


Save America; boycott the MSM.

robert108 on April 6, 2007 at 11:51 pm

...taxing them again as “capital gains” is actually unfair double taxation.

Oh, but that’s “social justice”, don’t you see, because some people are more equal than others.

Like I said above - it’s a permanent opposite day.

likwidshoe on April 6, 2007 at 11:54 pm

There is no more reason to increase taxes. The dems are just trying to play class warefare. Cut spending and pork. The dems claimed they were going to come to washington and change the way things are done. All they have basically done is hold hearing and raise taxes.

Funny thing is that the Dems have tried to hide their intention until 2008. People are seeing through it though.


Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on April 7, 2007 at 09:10 am

If Democrats repeal the Bush tax cuts, the WSJ points out the capital gains tax will go from 15 percent to 20 percent, the tax on dividends will go from 15 percent to 40 percent and marginal tax rates will increase at all levels of income. If this happens, it will represent “the largest tax increase in U.S. history,” according to that paper.

Conrad has been taken to task on several previous occasions by the WSJ, including his recent claim that the economy during Bush’s terms is the worst in modern times. Apparently the senator has a case of selective amnesia and doesn’t remember the Carter administration.

This is one of the stupidest things that you could ever propose doing that will kill the economy. You can’t tax a country into prosperity. Also, the economy is booming right now but the dems are trying to say oh its bad, the economy isn’t good…


Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on April 7, 2007 at 09:13 am
Avatar for ellinas

You can’t tax a country into prosperity. Also, the economy is booming right now but the dems are trying to say oh its bad, the economy isn’t good…
goon on April 7, 2007 at 09:13 am
True that. You can’t spend it to prosperity either. This is what GW Bush and the republicans did these past few years.

ellinas on April 7, 2007 at 09:22 am

Need to make the tax permanent and cut the spending on both sides of the isle. Also this latest war spending bill had like billions of dollars in pork so the dems could buy votes to pass the bill.


Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on April 7, 2007 at 09:26 am

Gee Ellinas we pretty much agree for once.  Unfortunately with the Democrats we’d get more spending and taxes on top of that.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on April 7, 2007 at 09:27 am

This is what GW Bush and the republicans did these past few years.

The truth is, a Dem administration would have taxed and spent a lot more. To get an idea, look at the latest Dem tax increase: 400 billion dollars!  They are trying to make up for lost time.  Get real, ellinas.


Save America; boycott the MSM.

robert108 on April 7, 2007 at 09:34 am

The bottom line is that if the Dems get away with their tax increases they will send more businesses over seas to tax havens, they will force massive layoffs and kill the booming economy.

I recommend Bush veto their budget proposals.


Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on April 7, 2007 at 09:35 am

The truth is, a Dem administration would have taxed and spent a lot more. To get an idea, look at the latest Dem tax increase: 400 billion dollars!  They are trying to make up for lost time.  Get real, ellinas.

It always kills me when the left tries to cloud the argument with how the republican are the big spenders when historically the left has spent way more than the GOP ever have.


Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on April 7, 2007 at 09:42 am

goon: The reality is that the Dems resent any Republican spending: they want that vote-buying money for themselves.  They are jealous.


Save America; boycott the MSM.

robert108 on April 7, 2007 at 10:01 am
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