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10-16-2012, 09:25 PM
Ouch, that one is going to leave a mark. Oil and gas production is down on federal lands. Let the fact checkers check that one.
10-16-2012, 09:27 PM
Romney and Candy are going to fight.
Candy may beat the snot out of him!!
Candy may beat the snot out of him!!
10-16-2012, 09:27 PM
I love it! Overpower that fat ****!!!
10-16-2012, 09:30 PM
Buried
10-16-2012, 09:30 PM
Romney: "Over the past four years, the middle class has been buried."
He should have said, "and even your Vice-President agreed."
He should have said, "and even your Vice-President agreed."
10-16-2012, 09:31 PM
Pretty clear and straight forward about the tax questions.
10-16-2012, 09:32 PM
Wildcatk23 Wrote:BuriedHe should have given credit to Biden for that phrase. Democrats may accuse Romney of plagiarizing from the VP, who admitted that the middle class has been buried the past four years.
nicker:
10-16-2012, 09:34 PM
Obama was doing well until he starts trying to tell everyone what Romney's platform is about.. He needs to concentrate on his issues, I think.
10-16-2012, 09:35 PM
Pounding the stats; clear...
Good points from Romney.
Good points from Romney.
10-16-2012, 09:35 PM
Bob Seger Wrote:Cut taxes for small business??? Lie Lie Lie. I am a small business man and he has cut taxes ZERO times. Lieing stack of crap.
How much did your small business make last year?
10-16-2012, 09:36 PM
Granny, I think part of that is just that he doesn't have a strong record to run on lol.
10-16-2012, 09:36 PM
Moderator Candy just fed the Pres!!!
10-16-2012, 09:37 PM
Bob Seger Wrote:Lost money!!!
Sorry to hear, hope Romney gets in and things "change!"
10-16-2012, 09:37 PM
He can't seem to think on his feet Wide....
He should've responded to that point that Romney made but didn't so Candy fed him...IMO
He should've responded to that point that Romney made but didn't so Candy fed him...IMO
10-16-2012, 09:38 PM
God I hate that fat bitch!!!!
10-16-2012, 09:39 PM
Candy needs to stop taking so much damn time!!!
10-16-2012, 09:39 PM
"Have a surplus? Try a tax cut. Deficit too high? Try another. Feel a cold coming on? Take two tax cuts, roll back some regulations, and call us in the morning!" Obama said.
"Now, Iâve cut taxes for those who need it â middle-class families and small businesses. But I donât believe that another round of tax breaks for millionaires will bring good jobs to our shores, or pay down our deficit," Obama said.
Obama is often accused by Republicans of raising taxes, and he has raised some taxes during his presidency. Heâs also said that he intends to raise income tax rates for couples who make more than $250,000 a year or single people who make more than $200,000 a year.
Here, weâre going to look at his claim to cut taxes for "middle-class families and small businesses." (Weâve been tracking all of Obamaâs campaign promises about taxes on our Obameter.)
Obama has signed off on two major tax cuts for middle-class families: the Making Work Pay tax credit that was part of the economic stimulus of 2009 and a temporary reduction in Social Security payroll taxes that went into effect in 2011.
As part of the stimulus, formally known as the American Recovery and Reinvestment Act, single workers collected a $400 tax credit, and working couples got $800. The credit didnât come in the form of a check; it worked out so that most workers had about $400 less in federal income taxes withheld from their paychecks spread out over the entire year.
Most workers received a tax cut under that plan, with the exception of some high earners. The tax cuts phased out for couples who make more than $250,000 or a single person making over $200,000, according to an analysis from the nonpartisan Tax Policy Center .
The result mirrored what Obama promised he would do on the campaign. Obama pledged tax cuts of $500 for each worker and $1,000 for working couples. We rated the promise a Compromise on our Obameter because the resulting tax cut was a little lower than what Obama wanted.
That tax cut expired at the end of 2011. But Obama won another round of tax cuts for most workers in a December 2010 tax deal with Republicans in Congress. Those tax cuts -- a temporary reduction in workerâs payroll taxes, worth about 2 percent of total earnings -- expire in 2013. Again, the tax cut didnât come as a check, but gives workers a little more in their paychecks than they would have otherwise.
Obama also has passed an array of tax cuts for small businesses.
Eight of them were included in the stimulus, the Affordable Care Act (also known as the health care law), and the Hiring Incentives to Restore Employment Act (also known as the HIRE Act). Among the cuts were the exclusion of up to 75 percent of capital gains on key small business investments; a tax credit for the cost of health insurance for small business employees and new tax credits for hiring Americans out of work for at least two months.
Another eight cuts came via the Small Business Jobs Act, signed by Obama in September of 2010. These included: adding deductions for business cell phone use; creating a new deduction for health care costs for the self-employed; allowing greater deductions for business start-up expenses; eliminating taxes on all capital gains from key small business investments, and raising the small business expense limit to $500,000.
Three months later, the president signed a tax bill that raised the expense limit to 100 percent of small business new investments until the end of 2011. It also extended the elimination of capital gains taxes for small business investments through the end of 2012. (For more details, see our previous fact-check that provided at least 16 tax cuts to small businesses; we rated it Mostly True.)
To be clear, this doesnât mean the middle-class and small businesses havenât seen any tax increases under the Obama administration. We rated his campaign promise that no family making less than $250,000 will see "any form of tax increase" as Promise Broken. Obama has signed off on new taxes on cigarettes and indoor tanning. His health care law includes a tax penalty for people who donât buy health insurance; that starts in 2014. (It includes hardship exemptions for people who canât find affordable policies.)
"Now, Iâve cut taxes for those who need it â middle-class families and small businesses. But I donât believe that another round of tax breaks for millionaires will bring good jobs to our shores, or pay down our deficit," Obama said.
Obama is often accused by Republicans of raising taxes, and he has raised some taxes during his presidency. Heâs also said that he intends to raise income tax rates for couples who make more than $250,000 a year or single people who make more than $200,000 a year.
Here, weâre going to look at his claim to cut taxes for "middle-class families and small businesses." (Weâve been tracking all of Obamaâs campaign promises about taxes on our Obameter.)
Obama has signed off on two major tax cuts for middle-class families: the Making Work Pay tax credit that was part of the economic stimulus of 2009 and a temporary reduction in Social Security payroll taxes that went into effect in 2011.
As part of the stimulus, formally known as the American Recovery and Reinvestment Act, single workers collected a $400 tax credit, and working couples got $800. The credit didnât come in the form of a check; it worked out so that most workers had about $400 less in federal income taxes withheld from their paychecks spread out over the entire year.
Most workers received a tax cut under that plan, with the exception of some high earners. The tax cuts phased out for couples who make more than $250,000 or a single person making over $200,000, according to an analysis from the nonpartisan Tax Policy Center .
The result mirrored what Obama promised he would do on the campaign. Obama pledged tax cuts of $500 for each worker and $1,000 for working couples. We rated the promise a Compromise on our Obameter because the resulting tax cut was a little lower than what Obama wanted.
That tax cut expired at the end of 2011. But Obama won another round of tax cuts for most workers in a December 2010 tax deal with Republicans in Congress. Those tax cuts -- a temporary reduction in workerâs payroll taxes, worth about 2 percent of total earnings -- expire in 2013. Again, the tax cut didnât come as a check, but gives workers a little more in their paychecks than they would have otherwise.
Obama also has passed an array of tax cuts for small businesses.
Eight of them were included in the stimulus, the Affordable Care Act (also known as the health care law), and the Hiring Incentives to Restore Employment Act (also known as the HIRE Act). Among the cuts were the exclusion of up to 75 percent of capital gains on key small business investments; a tax credit for the cost of health insurance for small business employees and new tax credits for hiring Americans out of work for at least two months.
Another eight cuts came via the Small Business Jobs Act, signed by Obama in September of 2010. These included: adding deductions for business cell phone use; creating a new deduction for health care costs for the self-employed; allowing greater deductions for business start-up expenses; eliminating taxes on all capital gains from key small business investments, and raising the small business expense limit to $500,000.
Three months later, the president signed a tax bill that raised the expense limit to 100 percent of small business new investments until the end of 2011. It also extended the elimination of capital gains taxes for small business investments through the end of 2012. (For more details, see our previous fact-check that provided at least 16 tax cuts to small businesses; we rated it Mostly True.)
To be clear, this doesnât mean the middle-class and small businesses havenât seen any tax increases under the Obama administration. We rated his campaign promise that no family making less than $250,000 will see "any form of tax increase" as Promise Broken. Obama has signed off on new taxes on cigarettes and indoor tanning. His health care law includes a tax penalty for people who donât buy health insurance; that starts in 2014. (It includes hardship exemptions for people who canât find affordable policies.)
10-16-2012, 09:39 PM
This debate starting off a lot nastier lol.
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