Obama Will Raise & Index Minimum Wage

[Lee]

Check this out:

At a time when many small businesses are having trouble making payroll, Democratic presidential candidate Sen. Barack Obama wants to raise the minimum wage and index it to inflation.

Link: Last Reporter: Obama Will Raise & Index Minimum Wage

 

[aps45819]

Wonder how many burgers McDonalds will sell when they're $15

 

[doubt_me]

minimum wage needs to stay at that, a minimum. if someone can not strive to make more than that, why should they? Increases in minimum wage decreases the value of making more than it!

 

[cwo_ghwebb]

Directly from Obama's website:

....That's why I'm running, Democrats — to keep the American Dream alive for those who still hunger for opportunity, who still thirst for equality.

He wants equality of outcome, not equality of opportunity.


Barack Obama | Change We Can Believe In | Poverty




Make Work Pay for All Americans

• Expand the Earned Income Tax Credit: Obama will increase the number of working parents eligible for EITC benefits, increase the benefits available to parents who support their children through child support payments, increase benefits for families with three or more children, and reduce the EITC marriage penalty, which hurts low-income families.

So the government loses revenue by increasing the number of folks (note, not necessarily married) who receive a tax break, pays out more in benefits, and gives another break for those who are married. Less revenue in, more spending by government. Who is going to pay for this?

• Create a Living Wage: Obama will raise the minimum wage and index it to inflation to make sure that full-time workers can earn a living wage that allows them to raise their families and pay for basic needs such as food, transportation, and housing.

Raising the minimum wage has a direct effect on unemployment. Unemployment rose to its highest level in quite a while last month, right after the first round of socialist passed higher minimum wage increase. Nobody can pay for food, transportation and housing on minimum wage. But those workers aren't paying for such expenses as they are not in that labor pool or those that have those expenses have gained experience to move on to better paying employment.

• Provide Tax Relief: Obama will provide all low and middle-income workers a $500 Making Work Pay tax credit to offset the payroll tax those workers pay in every paycheck. Obama will also eliminate taxes for seniors making under $50,000 per year.

$500 giveaway and less taxes for seniors. Again another lost revenue stream for the government. Who is going to make up the difference?

Socialists realize tax policy is not about raising revenue, it's about control of the everyday lives of Americans. Since the socialist belief in class warfare, it's basically broken into two classes, the haves and the have-nots. I want to see a dollar figure on the class Obama classifies as rich.

 

[awpitt]

minimum wage needs to stay at that, a minimum. if someone can not strive to make more than that, why should they? Increases in minimum wage decreases the value of making more than it!

I wouldn't go that far. I've never viewed the minimum wage as a bench mark for something I need to strive for.

 

[awpitt]

$500 giveaway and less taxes for seniors. Again another lost revenue stream for the government. Who is going to make up the difference?

Just borrow borrow borrow like we always do. GOP: Tax and spend is bad. Go borrow and spend!

 

[cwo_ghwebb]

Just borrow borrow borrow like we always do. GOP: Tax and spend is bad. Go borrow and spend!

Or increase the tax those that already pay 90% of all taxes?

 

[Kerad]

Just borrow borrow borrow like we always do. GOP: Tax and spend is bad. Go borrow and spend!

The Righties usually become sexually aroused at the mere mention of tax cuts...I wonder what's different now?


Oh, yeah...they only drool over tax cuts for the wealthy and big business.

Nevermind.

 

[awpitt]

Or increase the tax those that already pay 90% of all taxes?

Well, when I find myself in the highest 10%, then I'll worry about that group being able to pay their rent but until then I'm sure taxes aren't putting them on the streets.

 

[AK-74me]

The Righties usually become sexually aroused at the mere mention of tax cuts...I wonder what's different now?


Oh, yeah...they only drool over tax cuts for the wealthy and big business.

Nevermind.

Why don't you just say what you mean? Everyone should throw the money they make in a big pot and then in gets distributed evenly. Of course we'd have to give minorities a little extra to make up for all the abuse they have suffered in this country.

That way no one will have to strive to be anything we can all just sit around smoking dope and playing video games.

 

[Kerad]

Why don't you just say what you mean? Everyone should throw the money they make in a big pot and then in gets distributed evenly. Of course we'd have to give minorities a little extra to make up for all the abuse they have suffered in this country.

That way no one will have to strive to be anything we can all just sit around smoking dope and playing video games.

I did say what I meant.

Typically, Righties get very excited over hearing about tax cuts. What makes this tax cut for seniors making less than $50,000 any different?

 

[awpitt]

I did say what I meant.

Typically, Righties get very excited over hearing about tax cuts. What makes this tax cut for seniors making less than $50,000 any different?

Because they're not part of the "top 10%" who are having such tough economic times these days.

 

[This_person]

Well, when I find myself in the highest 10%, then I'll worry about that group being able to pay their rent but until then I'm sure taxes aren't putting them on the streets.

Is that the benchmark - if you can afford more, you must pay more?


Personally, I think the minimum wage should go to $500/hour. That way, the CEO's and stock holders would simply have to forgo their huge salaries and profits to keep products at the same price and everyone would be rich together!! :yippee:


Or, maybe that's dumb. Maybe the idea of a minimum wage in the first place is dumb.

As for lowering the tax on seniors - I'm all for it. Who would make up the difference? Get rid of a huge portion of government to "pay" for the lost "revenue". Make the budget a percentage of taxes brought in instead of exact dollar amounts for most things, and make the executive branch work within whatever amount they get based on that. Then, there will never be a shortfall, because 100% will always be all we spend.

 

[This_person]

Because they're not part of the "top 10%" who are having such tough economic times these days.

What does a person's prosperity have to do with "owing" money to the government?

 

[Lugnut]

What does a person's prosperity have to do with "owing" money to the government?

Nothing at all, unless you're a ####ing communist.

 

[AK-74me]

Nothing at all, unless you're a ####ing communist.

Exactly.

 

[RadioPatrol]

increase the benefits available to parents who support their children through child support payments

I love it, but how is EICC going to count for the NON Custodial Parent paying Child Support ........ I'd love to be able to deduct even 75% of my CS Payments as another Dependant ... aka if your not in Arrears ... you get to deduct another 50 to 75% of another Dependant or hell take it straight off of my TAX Burden when figuring salary for the year ... take X % of your paid CS off of your income before figuring taxes owed ....

 

[RadioPatrol]

Get rid of a huge portion of government to "pay" for the lost "revenue".

Dept of Commerce, Education ... EPA, FBI,

Dept of Interior ... turn all Federal lands over to the state there in, to manage them - oh yeah and open them back up for public use ... FT Sierra Club

 

[cwo_ghwebb]

The Righties usually become sexually aroused at the mere mention of tax cuts...I wonder what's different now?


Oh, yeah...they only drool over tax cuts for the wealthy and big business.

Nevermind.

Just which age group controls the highest percentage of wealth in the country (clue - those at the top of the Ponzi scheme). Would you please just get an education or use that computer of yours to do some research other than looking up your favorite male porn star's condom size?

 

[ImnoMensa]

Raising the minimum wage means more unemployment, more welfare, more people on the public dole, More Democrat voters.