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Post by professor on Apr 19, 2011 10:38:44 GMT -5
Chuck Schumer is proposing a new tax on all collector and race cars. He says they need to raise revenue and will use car clubs and organizations to track down, register and tax ALL racing and Collector cars.
Wait till NASCAR hears about this, they have guns!!
This guy is an (expletive deleted)
This is B/S STOP the Spending Senator-cut taxes and entitlements. Herk56, this guy is your senator!!
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Post by herk56 on Apr 19, 2011 11:04:19 GMT -5
Yeah, I know  ! |
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Post by Deleted on Apr 19, 2011 11:07:07 GMT -5
frankly tom, its not BS. knowing you are a conservative, thats just politics. the tea party had no problem dismantling govt unions that lend support primarily to dems. it is common knowledge that the segment of society that is likely to own racing and collector cars are primarily repubs. while i consider myself politically moderate, it wasnt all that long ago we had full repub control of house , senate and presidency and i witnessed rampant fraud as early as 01 in the mortgage industry- phony appraisals, bogus documents at closing with straw buyers....but americans simply LOVED the way their prop values were being pumped up and wouldnt have tampered w the system that was in place for anything. its time for everyone to chip in to pay for the party that is now over. ive know plenty of race car and collector car types over the years. they can afford a tax.
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Post by Calvin on Apr 19, 2011 11:09:13 GMT -5
Oh great the Gov. wants more money to blow on dumb stuff. The only way to solve the debt problem is not tax the rich but take aways the wastefulness spending. Dont give the gov. more money!!!! Read the first sentence of Wikipedia basically sums him up. LOL en.wikipedia.org/wiki/Chuck_SchumerWhy does the (D) party always seems to not like racing? |
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Post by Deleted on Apr 19, 2011 11:13:14 GMT -5
calvin..as stated in my post, racing folks at all levels are more likely to support the conservative movement. no offense tom, but youve benefitted somewhat from your involvement w carousell. they manufactured their products in china. we now have to deal w the monster we helped create in china because a bunch of guys w money wanted to make even more (as well as US consumers wanting to 'save" more) by contributing US $$$ to the chinese economy. china and india are growing like crazy, which in turn creates more demand for food oil, minerals (that means higher prices for you and I here in america) etc etc. on a worldwide scale as it is supply and demand that determines the price of anything. china who buys a substantial amount of US debt is not happy w our current situation, so you are now seeing the result in washington w attempts to reign in spending. like it or not guys, but weve become chinas *itch.
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Post by Calvin on Apr 19, 2011 11:57:07 GMT -5
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Post by Calvin on Apr 19, 2011 12:26:54 GMT -5
Which was modified amazingly after I posted that link.  Now its not funny anymore.  |
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Post by Deleted on Apr 19, 2011 13:04:23 GMT -5
I'm a Democrat and I like racing. I also make a decent buck thanks to union representation. The little bit of disposable income I do have thanks to this fact helps support the IRL, this hobby and my model railroading interests.
I don't believe a tax on collector cars or race cars is a great idea either. The "cut! cut! cut!" mentality of this far right movement is damaging as well. Long story short, the top 2% need to start paying into the till again to close the gaps due to this "crisis" being pushed by the far right. This being said, you wouldn't have a p****d off Democratic Senator floating these car tax ideas.
I apologize if I've offended anyone here, but the bottom line is that if you don't have a middle class, and everyone is mortgaging their homes over to a hospital, bank, etc. due to lack of Medicare, Medicaid, etc., then who's going to be left to support any racing?
And Bill, I actually agree with you on your Chinese posting. If we had real manufacturing jobs again we wouldn't have half the problems we have now.
Okay, I'm off the soapbox now.
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Post by Deleted on Apr 19, 2011 13:13:51 GMT -5
Looks like I got "April Fooled" half-way into the month! ;D Still stand by my general thoughts though.
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Post by clm1545 on Apr 19, 2011 13:54:10 GMT -5
I don't want to get into a political debate here, but in my opinion;
1. Taxing any person or group just because "they can afford it" is neither right or fair.
2. Giving any politican more money does not ever solve a problem.
3. If these people would spend as much time on thinking up ways to cut spending as they do in dreaming up new taxes, we would all be better served.
My $.02
Craig
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Post by trevor83 on Apr 19, 2011 14:46:59 GMT -5
Here's some sobering news:
"The estimate from the nonpartisan Public Notice demonstrated this point. It showed that if Washington wanted to hoist tax rates to actually cover spending, the top tier rate would go from 35 to 88 percent; the middle tier from 25 to 63 percent and the lowest from 10 to 25 percent."
Its a spending problem, plain and simple. What happened to a country that actually believed people had to work for their money instead of government giving it to them? A government so inept at managing money that it gives away tax dollars to failing corporations as well as lazy people. They need to govern, enforce the laws and stop moving money around to whoever they feel like.
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Post by stuboyle on Apr 19, 2011 16:36:45 GMT -5
Its a spending problem, plain and simple. What happened to a country that actually believed people had to work for their money instead of government giving it to them? A lot of those people that had to work for their money are now drawing social security and receiving medicare benefits. It's a spending problem, relative to the level of tax revenue. Tax revenues are down significantly due to the recession. We also have an aging population which is causing increased spending on social security and medicare benefits. Federal tax rates are at an historically low level. Bush gave us tax cuts and paid for 2 wars by putting it on a credit card. Also, that senior prescription drug program was put on a credit card as well. We have $129 billion in the budget for Veteran's benefits. Should we cut that as well? We have a choice now. Do we cut things like social security, medicare and defense or do we raises taxes? Do we end the senior prescription drug program? Actually, there is a third choice which no one really talks about which is to cut spending and raise taxes. Based on the hole we've dug, I think its time we do both. Now, there is some discretionary spending which needs to be cut as well but that is a relatively small part of the budget. As much as would like to see the high-speed rail that Obama wants, I just don't think we can afford it. That was around $54 billion, if my memory is correct. Here is very good graphic that lays out spending and revenue that was in the Washington Post. www.washingtonpost.com/wp-srv/special/politics/30-years-spending-priorities-federal-budget-2012/ |
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Post by Deleted on Apr 19, 2011 22:05:52 GMT -5
I find it amazing that we start to worry about the debt,when a Democrat gets elected.During the last administration we put 2 wars,Bush tax cuts,and Medicare part D on a credit card,then never paid the bill, and Republicans saw no problem with that.
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Post by Deleted on Apr 19, 2011 22:32:13 GMT -5
There is no fiscal responsibility or moral hazard anymore. People put everything on credit and file for bankruptcy and expect everyone else to bail their @ss out. Or they have no regard for their health and then expect everyone else to pay for their treatment. Those dopes on Capitol Hill should make $0 since many are millionaires already.
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Post by mrindy77 on Apr 20, 2011 13:12:19 GMT -5
As a builder fore hire and for more the 20 years I have seen the effect on my business in regards to the foreign diecast issue. They produce a nice product for 1/2 the price. Many of the 1/43 diecast producers are creating some very nice product. I can not build a 43rd scale car for much less than $150. Time and materials....it's less than $10 an hour and that's when I start with someone else's kit.
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Post by mjjracer on Apr 22, 2011 16:32:42 GMT -5
Have to agree with Stuboyle here. Cutting spending alone simply won't do it - there are too many fixed "bills" to pay, like SS, Defense, Medicare, etc. Personally, I'm not interested in the spending cuts and Medicare "solution" proposed by Congressman Ryan. I've worked (expletive deleted) off and will be deserving of the SS and Medicare benefits when I retire in 8+ years.
And we have to be careful when we quote "non-partisan" organizations. Public Notice clearly has a political agenda, that is to cut spending and taxes. It's run by a former Bush administration spokesperson who is strangely silent on what was done to reign in the crazy "spend but don't pay for it" policies of that administration.
Spending cuts along with modest tax increases are necessary. Current federal tax rates are far lower than they were in the Good Ol's Days of the 50s & 60s.
When I win the lottery and buy a garage full of old Indy and F1 cars, I'll gladly pay taxes on them. ;D
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