Question for the Political Experts

Discussion in 'Blazers OT Forum' started by OSUBlazerfan, Aug 27, 2010.

  1. OSUBlazerfan

    OSUBlazerfan Writing Team

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    What is the probablity that the Bush Tax Cuts will NOT Expire?

    anybody have an educated guess?
     
  2. maxiep

    maxiep RIP Dr. Jack

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    I'm no political expert, but personally and professionally I'm planning on them expiring.
     
  3. barfo

    barfo triggered obsessive commie pinko Staff Member Global Moderator

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    There's really 3 possibilities here: they expire, they are extended for everyone, or they are extended for those below some income level.

    Seems the R's want (b), and the Dems want (c). Thus, (a) seems like a good bet.

    barfo
     
  4. bluefrog

    bluefrog Go Blazers, GO!

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    You're moving to Costa Rica?
     
  5. maxiep

    maxiep RIP Dr. Jack

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    Taking any capital gains before Jan 1st. Restructuring compensation structures to try to avoid taxation. Deferring R&M on properties to reduce net income in future years. Pretty boring stuff, but it just shows that the behavior of businesses and individuals will change according to tax policy. Therefore, with a higher tax rate, you're likely to get lower tax revenue. Art Laffer wasn't wrong.
     
  6. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    I am a political expert ( :NOTMARIS: ) and they will expire.
     
  7. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    It's a good question.

    Obama seems completely resilient to criticism. He's going to do what he's going to do regardless of how popular or unpopular it may be. And since Pelosi is a 100% safe bet to win her seat every election, she walks in lock step with Obama (or he with her- sometimes it's hard to tell). Both want and need the increased taxes badly due to how far they increased the national debt. Therefore, I think they will simply let the Bush tax cuts expire quietly. The political damage will be minimal for Pelosi, but could haunt Obama.
     
  8. GriLtCheeZ

    GriLtCheeZ "Well, I'm not lookin' for trouble."

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    Obama will compitulate once again. Book it!
     
  9. OSUBlazerfan

    OSUBlazerfan Writing Team

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    Hmm, looks like they will be extended for EVERYONE in the short term, looks like in August this didnt look so viable, good to see a deal struck
     
  10. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Agreed.
     
  11. Eastoff

    Eastoff But it was a beginning.

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    you were wrong about obama. :smug:
     

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