Obama interested in using executive action to roll back IRS tax breaks

[pcgeek11]

It appears lots of people did not read the article. The facts as I read them are that they are Not Increasing Taxes. Just closing the Loopholes.

This I have no issue with. They should close all the loopholes and everyone should pay their due taxes. I think we should have a flat tax and no deductions or loopholes. Everybody pays their fair share, period.

 

[sportage]

What I fell over laughing at is the notion by this republican right wing tabloid rag, that somehow ""fund liberal infrastructure projects like mass transit"" must only be some liberal plot.
Being mass transit, as well as infrastructure projects, are some lefty goberment plot.

But I'd guess most righties that buy into this crap probably ride their sister to work.
And I don't mean sisters car. I mean sister herself.
Yee Haw! Getty Up Sis!

 

[boomerang]

I'm really digging on all this executive action, executive orders shit. Obama is playing a winner takes all game. If it works out, it's going to be a huge victory for the left. It will be the culmination of 100+ years of planning by the communists/progressives. A victory that will give them rule over the nation for, by my estimation, 20 to 40 years until it collapses by way of natural causes. A total changeover in the way this nation is governed for that time period.

If he fails the Democrat Party will be destroyed and destroyed by the man at the top - Obama himself. Congress and the Judicial branch still have the power to stop him. Will they take the low road and capitulate or will they grow backbones and stop him? Stay tuned.

 

[shortylickens]

I hate to say it but we need more taxes in order to pay for all the shit we use. We trillions in debt in case anybody forgot.

Either that or we could massively cut all our programs. But neither party wants to do that.

Anyone feel like voting Libertarian now?
:awe:

 

[boomerang]

Anyone feel like voting Libertarian now?

It won't do any good. It's not the votes, it comes down to who counts the votes. It's pretty much out of our hands now. We're no longer a representative republic.

 

[fskimospy]

I'm really digging on all this executive action, executive orders shit. Obama is playing a winner takes all game. If it works out, it's going to be a huge victory for the left. It will be the culmination of 100+ years of planning by the communists/progressives. A victory that will give them rule over the nation for, by my estimation, 20 to 40 years until it collapses by way of natural causes. A total changeover in the way this nation is governed for that time period.

If he fails the Democrat Party will be destroyed and destroyed by the man at the top - Obama himself. Congress and the Judicial branch still have the power to stop him. Will they take the low road and capitulate or will they grow backbones and stop him? Stay tuned.

Well this was impressively insane.

I guess this is what happens when you listen to too much right wing talk radio.

 

[PokerGuy]

Is this somehow surprising? Every time the petulant idiot child doesn't get his way he stomps his feet and whines about how congress needs to do something (ie, what he wants). If that doesn't happen, he'll just use some executive order, who needs those pesky limitations that come from checks and balances?

 

[PokerGuy]

It appears lots of people did not read the article. The facts as I read them are that they are Not Increasing Taxes. Just closing the Loopholes.

This I have no issue with. They should close all the loopholes and everyone should pay their due taxes. I think we should have a flat tax and no deductions or loopholes. Everybody pays their fair share, period.

Think about it for a second. What exactly is a "loophole"? It's part of the tax code. For example, if I use the home mortgage interest deduction to reduce the amount of taxes I owe, is that a "loophole"? Closing loopholes sounds nice, but it's essentially just politi-speak for "do away with certain features of the tax code I don't like or that benefit people I don't like, thus raising their taxes".

 

[IronWing]

Is this somehow surprising? Every time the petulant idiot child doesn't get his way he stomps his feet and whines about how congress needs to do something (ie, what he wants). If that doesn't happen, he'll just use some executive order, who needs those pesky limitations that come from checks and balances?

Congress gave the executive branch the power to create and destroy these tax dodges. Checks and balances met.

 

[soulcougher73]

Saw posters name, saw posters website. Knew it had to be much ado about nothing. Was right.

 

[soulcougher73]

That same ad was on facebook.

On YOUR facebook. They tailor the ads based off sites you go to and things you look at. I thought everyone already knew this. Guess not.

 

[PokerGuy]

Congress gave the executive branch the power to create and destroy these tax dodges. Checks and balances met.

Sure, then explain why the spokesman specifically said the idiot obummer wanted congress to act, but if they don't would take action. Why bother trying to get congress to do anything when you can just do it yourself? Why whine about congressional inaction when you can just do it yourself?

 

[cbrunny]

Well this was impressively insane.

I guess this is what happens when you listen to too much right wing talk radio.

lol I was thinking the exact same thing.

 

[brycejones]

Sure, then explain why the spokesman specifically said the idiot obummer wanted congress to act, but if they don't would take action. Why bother trying to get congress to do anything when you can just do it yourself? Why whine about congressional inaction when you can just do it yourself?

Because it was an easy shot at the do nothing GOP congress.

 

[michal1980]

This thread proves one again that the left has to personally destroy people rather then defend their actions.

They cant debate ideas. Its all about them feeling superior, look at all of them call everyone they disagree with an idiot. Everyone that disagrees with a liberal these days is worse then an ISIS terrorist, and dumber then a rock. They keep repeating that so often, that now they actually relive it.

 

[cbrunny]

You guys would be so much better off if you would just divide social conservatism from fiscal conservatism.

<--- Fiscal conservative, Social liberal.

Why Jesus has anything to do with financial responsibility is beyond me.

 

[brycejones]

This thread proves one again that the left has to personally destroy people rather then defend their actions.

They cant debate ideas. Its all about them feeling superior, look at all of them call everyone they disagree with an idiot. Everyone that disagrees with a liberal these days is worse then an ISIS terrorist, and dumber then a rock. They keep repeating that so often, that now they actually relive it.

No what this thread proves yet again is that you are immune to any info that doesn't fit your world view. But I think we all expect you to continue to be willfully ignorant.

 

[PokerGuy]

Because it was an easy shot at the do nothing GOP congress.

So either 1) they are lying about wanting to the congress to do something to just take a shot at them, or 2) they are lying about the congress doing nothing since they don't need congress to do anything and already have the power to use executive actions to accomplish what they need. Either way, they (obummer and his minions) are lying. As usual.

 

[glenn1]

Congress gave the executive branch the power to create and destroy these tax dodges. Checks and balances met.

If what you meant is that the IRS is granted a certain amount of administrative leeway in how to interpret and apply tax laws passed by Congress, then I'll agree with you. Same thing goes on with tax courts, they don't "create" or "destroy" the dodges but can rule on the validity of the IRS interpretation of the law in question.

 

[brycejones]

So either 1) they are lying about wanting to the congress to do something to just take a shot at them, or 2) they are lying about the congress doing nothing since they don't need congress to do anything and already have the power to use executive actions to accomplish what they need. Either way, they (obummer and his minions) are lying. As usual.

You're free to plant you head in bum as you see fit.

 

[FerrelGeek]

So either 1) they are lying about wanting to the congress to do something to just take a shot at them, or 2) they are lying about the congress doing nothing since they don't need congress to do anything and already have the power to use executive actions to accomplish what they need. Either way, they (obummer and his minions) are lying. As usual.

Lying, disingenuous, political grandstanding; pick your pet phrase. It's all politics inside the beltway and I'll readily admit that the dems are far superior at it then the reps are. There are in fact many on the right who realize this; I've referred to the reps as the stupid party a few times on here and for good reason. They're just like Charlie Brown continually falling for Lucy's trick withe the football. The reps do play this game and it could very well be that they're deliberately letting Obama do these executive actions to rile up their base - who knows.

The upshot of my rambling is that I loathe both sides.

 

[Vic]

You guys would be so much better off if you would just divide social conservatism from fiscal conservatism.

<--- Fiscal conservative, Social liberal.

Why Jesus has anything to do with financial responsibility is beyond me.

I consider myself to be fiscally conservative and socially liberal as well. However, social conservatism has little actually to do with religious beliefs. It is about punishing people for non-conformity.

 

[cbrunny]

I consider myself to be fiscally conservative and socially liberal as well. However, social conservatism has little actually to do with religious beliefs. It is about punishing people for non-conformity.

true, but then many claim jesus told them to do it.

 

[Vic]

true, but then many claim jesus told them to do it.

Sure, but religion can be twisted to almost any agenda.

Another important aspect of social conservatism is the maintenance of a certain status quo. An entitlement mentality that certain groups deserve more (and consequently others less) purely through accident of birth. To most people who call themselves conservatives in the US today, this and conformity are far more important than any notions of small government or balancing the budget.

 

[Fern]

And the usual crowd is duped or at least severely confused by the right wing rage machine.

I'm going to go out on a limb and guess you all are good with using executive orders to create tax loopholes but not with using executive orders to close those loopholes.

BTW I loved on that site the OP linked to the ad that told me the secret to health was on page 859 of the bible. How freaking gullible are the people who visit that site?

Yeah, and I know which "usual crowd" is likely being duped.

I'm going to go out on a limb and bet you can't find any examples of "executive orders" to create "loopholes".

First of all, Ole' Bern is damn short of details as regards his claims in the article IronWing linked. (Bernie Sanders' education Is Poly Sci and his experience before politics was basically limited to hippy/protester. We really need somebody from the field - tax law - to weigh in on his claims.)

And Treasury Regulations =/= executive orders. Treasury regulations are interpretations by tax lawyers working in the IRS. What they strive to do is explain to the best of their ability the intent of Congress and how the law applies to various situation, some of which are complicated and perhaps not even contemplated by Congress. Notice public policy, revenue, political goals and party preference/ideology are not part of the interpretation process.

A lot of these are challenged in court. The judge will either confirm or dispute the IRS's interpretation of the law. I.e., this is multi step process with different uninterested parties involved.

In the past we have seen the IRS change its opinion. This is a normal process where, generally, Treas Regulations go from Draft (internal discussion), to Proposed, to Temporary, and ultimately to Final. Input from tax professionals and groups such as the AICPA, industry and the courts inform this process of change.

However, where the law as written by Congress has been determined to be faulty, whether by clerical error or unintended consequences, the normal route is a new bill by Congress making the necessary changes. (So-called Technical Correction Acts).

Bernie needs to supply some specifics. And I'd also like someone to provide examples of Exec Orders issued to unilaterally change settled tax law.

In addition to history or established practice of Exec agencies in interpreting
tax law, this potentially represents a substantial change in the purpose or guidance of interpretation from that of Congressional intent (which conforms with the Constitution) to Executive preference (which does not conform with the Constitution). Furthermore, we could see a situation where tax law, via Treas reg, undergoes substantial revision every 4-8 yrs based only upon who sits in the Exec Office.

Fern