Gingrich: Let Rich People Decide How Long Their Tax Cuts Last

[kpete]

Source: Think Progress

Gingrich: Let Rich People Decide How Long Their Tax Cuts Last

Appearing on Fox News Sunday, disgraced former House Speaker Newt Gingrich proposed an odd method for determining how long to extend the Bush tax cuts for the very wealthy — ask the very wealthy how long they want them:

What Republicans ought to do is say to people who create jobs, how many years does the tax code need to be extended for you to make an investment decision? I mean, the goal’s not to have an annual extension of the current tax code, and then have every business in the country trapped saying, “I don’t know. I want to make a 20 year investment in a factory.” … There is a number, but I would have the business leadership of the country describe the number.

Read more: http://thinkprogress.org/2010/12/05/gingrich-rich-win/

[Angry Dragon]

1. Why not just ask them if they really want to pay any taxes at all

Then ask them how many jobs they are going to guarantee.....

[JDPriestly]

25. Excellent, Angry Dragon.

We received a call recently asking us whether we would support Newt Gingrich in a run for president, and if not, why not. Wow!

How about his low IQ for one thing.

Since that call, I have arrived at a theory as to why Sarah Palin has been given so much play in the media. It's because she is so stupid that she makes Newt Gingrich look, well at least a little smarter even though it would be impossible to make him look really smart.

Oh, Newt, man of shallow thought and putrid spirit . . . . God forbid that America should fall under his evil spell.

DUers, whether you believe in God or not, please pray unceasingly that Newt Gingrich be prevented from ever running for a public office again.

[SpiralHawk]

2. "Meanwhile, you little people can eat shit and die." - Newtie DraftDodger Gingrich (R)

[rfranklin]

3. Unfortunately the factory is in China...

What incredible horseshit.

[LuckyLib]

4. Then let's ask the unemployed how long their unemployment benefits should last.

[Love Bug]

6. Word.

[KatyaR]

13. Million-ty trillion-y Word.

nt

[Codeine]

26. For the fucking win.

LuckyLib hits one outta the park.

[No Elephants]

36. Perfect!

[somone]

5. They already own the political machinery

and we're just potted plants, is what he's saying...

[yurbud]

7. beat me to it: we already let them decide when they buy politicians

[pscot]

8. Newt is such a kidder

The guy is just a laugh a minute.

[South End Liberal]

9. Meanwhile, in Cincinnati, Ohio, people were lining up....

....by the hundreds to get free winter coats.

I saw the story on the Weather Channel today. People who can't afford to buy winter coats for their families, here, in the United States.

Let's see, how did the first few lines of Charlie's book go?
It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness...



History does have a habit of repeating itself.

[WingDinger]

10. Let the poor decide how long the rich live in relative peace and safety.

[Billy Burnett]

19. I like your idea.

I've even got a motto for the coming proletariat uprising - "Bentleys first!".

B4


After

[No Elephants]

37. I had a very similar thought, but it's everyone else but the rich. The goal of

plut5onomy is making the rich richer. The method is by impoverishing everyone else more and more. Impoverishing people who are already poor doesn't yield much. Those who are now comfortable have the most to offer the rich. So, they are the most at risk from the rich.


So, if you ain't poor now, wait.

[Mosaic]

11. Monarchy

Basically this weasel wants the U.S. to become a monarchy.

[mudplanet]

12. I think that's a good idea. Let everyone decide for themselve how much tax they'd like to pay.

Let me see...if I don't have to pay any taxes for the next ten years, I might be able to invest in ten thousand dollars of Apple stock. I'm sure my country will be better off if I do that rather than pay my share for the roads, the schools, the libraries, the administration of services, the fire department, the police, etc.

Hell, nobody asked me if I wanted to opt into those services. Just assuming that I do is dictatorship. All participation in the tax system should be voluntary.

[closeupready]

14. Agreed! LOL

:rofl:

[Mz Pip]

15. They've had that tax cut for 10 years already.

Other than spending more money at Tiffany's I'm not sure where their investments are going. Certainly, not into jobs.

[Joe Bacon]

32. In Newt's case, it's going to buy silence from his mistresses!

:rofl:

[City Lights]

16. In return, let the angry mob decide how to deal with you, newt!

Do we have a deal, newt?

[Yavin4]

17. Gingrich Is Saying This To Reinforce the Meme: Tax Cuts Create Jobs

When there' no evidence supporting this meme any where. Job creation is a function of demand for goods and services plus labor cost. The reason why we have sluggish job creation is because (1) demand is down and (2) labor costs are cheaper in China and India.

Thus, even if we could re-ignite demand, that may not lead to stronger job creation.

[rasputin1952]

18. The wealthy have not created jobs, in fact, they are a reason why

jobs have disappeared. Gingrich is, and always has been a fool.

How many jobs has Gingrich created, he's wealthy...(and pals around with that other slug Grover Norquist)...both of them are merely cheap bastards that want everyone else to pay, so they can gain more and enjoy the fruits of other people's labors.

They believe themselves to be "above" the rest of us...I say grease the wheels of labor from the fat in his head...it'll last for decades...:grr:

I wouldn't waste my urine putting him out if he were on fire.

[timefortherevolution]

20. Has Obama agreed with that yet too???

[ezmerelda39]

21. Trickle Down

is the code name for Tinkle On and we are just about to get 'tinkled on' again. All one has to do it look at the graphs and figures since the tax cuts for the elite began to see just how many jobs have been lost, how much the middle class income has stagnated and how much richer the rich have become. And, they still believe we don't get it. Well, guess what!!!

[sendero]

22. They've had their tax cuts for 8 years..

.... where are the freaking jobs?

What a buffoon Newtie is. And all of the moron who think like him.

[bloomington-lib]

23. We're the ones who create jobs

We buy stuff they're having us produce. No money for us, no jobs.

[IllinoisBirdWatcher]

24. So the Newt (who benefits $247,352 from the rich tax gift) wants to decide???

Anyone who benefits from this additional bonus tax give-back should be restricted from speaking about it.

Full disclosure. According to Congressman Grayson's analysis, the Newt will receive a bonus of over $247,000 from the rich-only tax break.

Let the Newt tell us how he will use (and has used) that gift to spur on the economy.

Otherwise, "SHUT UP, Newt."

[lumberjack_jeff]

27. This will hasten the day on which the poor will decide what's for dinner. n/t

[Chan790]

28. Eat the Rich! n/t

[MichiganVote]

29. Sure and hey let's allow prisoners to decide how long they serve a sentence too.

[SomeGuyInEagan]

30. Who? Newt hasn't be relevant since 1994. Yawwwwwwwwwwwnn

Just some paid blowhard to fill time on extended cable.

[defendandprotect]

31. Gingrich is one of the GOP's greatest propagandists .... beware ...

[unkachuck]

33. "...to people who create jobs,..."

....those of you receiving business tax-breaks MUST create a significant number of new jobs quickly, or you'll be forced to pay your tax-break money back to the treasury with interest....consider your tax-break money a loan....

....what do you think newty, should we run government like a business?

[Lorien]

34. Rich people don't give me a job. Middle and working class people who buy the products

that I design give me a job.

[daleo]

35. The rich own the government

So, Newt's little dream about tax rates being decided by the rich is essentially true anyway. He knows that.

[Anakin Skywalker]

38. Stop the Myth that Rich People "Create Jobs"!

They just buy yachts, Aston Martins, Bentleys and McMansions instead.

[high density]

39. Where the heck is the investment since 2002?

Whatever "investment" (real economic investment, not speculation which the media thinks is investment) going on is definitely not in the USA.

[TwilightGardener]

40. LOL--"I don't know. I want to make a 20 year investment in a factory..."

"No, wait, make it a 50 year investment. Scratch that, 100 YEARS OF TAX CUTS!! Only then can my business plan succeed!" He can't be fucking serious.

[tomg]

41. And then when they are done

with that, they can set up environmental regulation agencies, determine "right-to-work" laws, establish the minimum wage. Oh wait, they already do.