AP: House Extends Only Some of Bush-Era Tax Cuts
- Posted on December 2, 2010 at 4:41pm by
Jonathon M. Seidl
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WASHINGTON (AP) — The House passed a bill Thursday to extend middle class tax cuts while letting those for the wealthy expire, even as talks continued on extending them all.
The House bill was a political maneuver to satisfy Democratic lawmakers’ supporters who oppose extending tax cuts for the wealthy. It has no chance in the Senate, where Democrats need Republican support to pass tax legislation.
House Republican leader John Boehner of Ohio used barnyard language to describe the House vote to reporters during a news conference.
“I‘m trying to catch my breath so I don’t refer to this maneuver going on today as chicken crap, all right? said Boehner, who is in line to become House speaker in January. “But this is nonsense, all right? The election was one month ago. We are 23 months from the next election, and the political games have already started trying to set up the next election.”
Sweeping income tax cuts enacted under former President George W. Bush are to expire at the end of the year. If Congress does not act, taxpayers at every income level would be hit with a significant tax increase.
President Barack Obama and Democratic leaders in Congress want to extend the tax cuts only for individuals making less than $200,000 and married couples making less than $250,000. The bill passed by the House would do that.
The vote was 234 to 188. All but 20 Democrats voted in favor of the bill; all but three Republicans opposed it.
Republicans and some rank-and-file Democrats want to extend the tax cuts for everyone, and the White House has left open the door for a compromise to do that for up to three years.
Senate Republican leader Mitch McConnell of Kentucky has indicated he is open to a temporary extension of all the tax cuts.
Obama said Thursday he’s optimistic Democrats and Republicans can reach agreement on critical issues in the coming weeks, including the tax controversy.
Speaking to more than 20 newly elected governors, Obama said making sure tax cuts don’t increase for the middle class is his priority.
“I believe it will get resolved,” Obama said. “That doesn’t mean there might not be some posturing over the next several days. But I‘m confident in the end people are going to recognize that it’s important for families who are still struggling to have some relief and it’s important for our economy to make sure that money is still out there circulating.”
The White House is pressing Congress to extend jobless benefits and other tax credits enacted as part of Obama’s massive economic recovery package last year. Those proposals could form the basis of a compromise on the Bush tax cuts.
Beyond unemployment insurance, the White House made the case Thursday for extending Obama’s Making Work Pay tax credit for individuals, a tuition tax credit and a tax break that rewards employers who hire unemployed workers. All are to expire at the end of the year.
Obama’s Council of Economic Advisers estimated that if Congress does not extend the jobless benefits, 2 million unemployed workers will lose coverage this month and 7 million will by November 2011.
Treasury Secretary Timothy Geithner and White House Budget Director Jacob Lew began holding closed-door meetings Wednesday with a small group of lawmakers from both parties to negotiate a deal on the Bush tax cuts. Those talks continued Thursday, even as the House voted on the Democratic plan.
Democrats said the House vote wouldn’t undermine bipartisan negotiations.
“We are putting this bill on the floor today because we believe it is important to extend tax cuts for the middle class,” said Rep. Chellie Pingree, D-Maine. She said tax cuts for the wealthy have done nothing to stimulate the economy.
“It’s time that we let those end,” Pingree said.
Rep Dave Camp, R-Mich., one of the negotiators in the private talks, said the House vote was futile.
“It would be comical if it weren’t so irresponsible,” Camp said. “Their position is so precarious they won’t even allow Republicans to offer amendments or any alternative. Why? Because Democrats know the Republican bill to extend the current tax rates for all taxpayers would pass with broad bipartisan support.”
Mitch McConnell of Kentucky, the Senate Republican leader, said the House bill was “not going to go anywhere. You know, we are going to extend the current tax rates. We’re not going to raise taxes on anybody. The only thing we’re discussing now is just how long that extension will be.”
—
Associated Press writers Laurie Kellman, Jim Kuhnhenn and Julie Pace contributed to this report.
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Comments (220)
janddjohnson
Posted on December 2, 2010 at 6:22pmFrom reading the posts here and else where it seems daily that the people are getting angrier and angrier. Is this what they want…meaning the socialist? If so why? We need to be one step ahead of them to cut them off at the path. Any ideas?
Report Post »Malachai
Posted on December 2, 2010 at 6:32pmYou need to realize that the “people here” are a very small, very vocal minority. You can go to any biased site and find a loud group of protesters/praisers and if you limit yourself to that kind of audience then you get a skewed perspective of reality. For example, if you went to nothing but liberal forums, you’d think everyone in America love Obama.
In short, don’t let your small range of sites you view skew your perception of the actual impact these moves have on the opinions of the majority of Americans.
Report Post »Diamondback
Posted on December 2, 2010 at 7:22pmYes, replace, “at the path” with “at the throat” would be one idea.
Report Post »snowleopard3200 {mix art}
Posted on December 2, 2010 at 9:54pmIdeas yes…
Get people to write what they feel and think to their represenatives, to blog sights, to journals and newspapers. Tell the facts with verifiable sorces, send to each other and any contacts you know of who may consider with a fair mind.
Remember, one person can indeed make a difference. Ghandi did in India, Harriet Tubberman of the underground railroad freed many held in slavery at great risk to herself as a former slave. One man said “I have a dream…” and helped change the nation for civil rights; one man said “I have a dream…” and before the decade was out, even though he died before it happened, our nation, the greatest on earth went to the moon and back.
By peaceful means, consistent and continuous, let them use the violence, and get any threats they make on tape – copy it and distribute it as fast as possible.
The Truth is the best offense to use against them; non violence is the key, for to use violence or the threat of violence will play straight into their hands.
Report Post »STQ
Posted on December 2, 2010 at 6:19pmYeh,who ARE they?
Report Post »SlimnRanger
Posted on December 2, 2010 at 6:18pmjust when i think i can’t get anymore confused ,well i am for sure now Ron paul????
Report Post »DE OPPRESSO LIBER
Posted on December 2, 2010 at 7:12pmRon or Rand Paul voted on what? Ron is the father of Ran
Report Post »Diamondback
Posted on December 2, 2010 at 7:19pmRon voted in the HOUSE in favor or extending the Bush tax cuts for couples making under $250K and singles under $200K but not anyone making over those amounts.
Rand was elected to Senate wasn’t he?
Ron is the dad who serves in the House of Representatives.
I think that’s correct.
Report Post »jdawg
Posted on December 2, 2010 at 6:13pmThis was the parliamentary move that Boehner called “chicken crap”
http://www.examiner.com/conservative-in-spokane/john-boehner-blasts-democrats-stunt-on-tax-vote
Report Post »wash1776
Posted on December 2, 2010 at 6:13pmOf course we all knew the communist Dummycrats would go against the will of the people, and this little trick will hurt the economy even more. Why should they care? They get to steal as much money as they want, so all of this doesn’t affect them. If the congress had to obey all of the rules they make for the rest of us, none of them would run for office. All they would do is run the other way. It is not too hard to see why other countries are losing respect for this country with Obummer in office and all of his mafia! WHAT A DISGRACE THEY ALL ARE!!!!!
Report Post »Libertarian GRAF-fiti
Posted on December 2, 2010 at 5:36pmhere comes higher unemployment
http://libertariangraffiti.wordpress.com/2010/11/30/obama-finally-finds-common-sense/
Report Post »Gunonesis
Posted on December 2, 2010 at 5:36pmDon’t waste the tar and feathers, it won’t get passed the senate. Come January Pelosi will chased back into her rat-hole.
Report Post »WhiteGryphon
Posted on December 2, 2010 at 5:29pmwell find out who will be supportive in the senate at the very lest
Report Post »EqualJustice
Posted on December 2, 2010 at 5:25pmRepublicans can BLOCK this in the Senate.
Report Post »imareader
Posted on December 3, 2010 at 12:16am@equaljustice..hope you’re right, but stopping it in the Senate may not be a sure thing… this looks like a budgetary bill so reconciliation is available giving them at least a decent shot at short cutting a filibuster…there may be,still,50 D’s willing to vote yes and stick it to the “rich,” despite the lousy economy..I hope the Senate kills it dead..but it’s not a sure thing.
{Bless them in the work that lies ahead.}
Report Post »adjams
Posted on December 2, 2010 at 5:21pmAnybody know why Ron Paul voted for this?? I was shocked.
Report Post »EqualJustice
Posted on December 2, 2010 at 5:27pmRON PAUL? Maybe he knew it would fail in the Senate.. move on nothing to see here?
Report Post »Tri-ox
Posted on December 2, 2010 at 5:33pmIt is troubling, I guess Mr. Paul will have to answer that question. These three, Paul, Jones and Duncan are all members of the “libertarian” Liberty Caucus and have voted as a block in the past, but this vote seems to go against their stated beliefs and it certainly is a slap in the face to America.
Report Post »Tri-ox
Posted on December 2, 2010 at 5:47pmmake that ….. have voted as a BLOC in the past….
Report Post »Tri-ox
Posted on December 2, 2010 at 5:17pm3 Republicans voted yes – According to NRO’s Dan Foster, those three were Ron Paul, Walter Jones, and Jimmy Duncan.
Report Post »adjams
Posted on December 2, 2010 at 5:22pmAnybody know why? Congressman Paul is hardly a Rhino
Report Post »Tri-ox
Posted on December 2, 2010 at 5:42pmmake that ….. have voted as a BLOC in the past….
Report Post »kreese
Posted on December 2, 2010 at 5:15pmBoehner: In January, pass another tax bill extending the cuts for all. Then, it will give the Senators a chance to show their true colors.
I know the IRS will have to rewrite the tax tables. That’s OK, better doing that than harrassing the taxpayers with audits.
Report Post »Conservo-Atheist
Posted on December 2, 2010 at 5:14pmWhen will someone wake up and just realize that we need to bring in new Representatives in immediately, and do away with an illogical ‘Lame Duck’ Congress… it makes no sense. We VOTED… let our new Representatives SPEAK!
Report Post »temple62
Posted on December 2, 2010 at 5:14pmPelosi‘s legacy is for being a callous spender of taxpayer’s money.The American Congress are good at only one thing – SPENDING! This is the thing they do and the only thing they are qualified to do, that’s why they, like parasites, have found a home and are living off your income and your kid’s inheritances. Congress is proud of what they do – spending your money. This is how libraries get built with their name on it and airports get built with John Murtha’s name on it. But don’t complain, you allow it when you voted them into office. And don’t blame it on Obama or Bush, place the blame on those senators and representatives that you enabled to spend money and thereby increase your taxes.
Report Post »Diamondback
Posted on December 2, 2010 at 7:13pmOh, I don’t know about that. They seem to be pretty good at lying too!
Report Post »DagneyT
Posted on December 2, 2010 at 5:09pmThank you, Senators, for keeping us safe from this travesty!
Report Post »EqualJustice
Posted on December 2, 2010 at 5:25pmWhat???
Report Post »troyvar
Posted on December 2, 2010 at 5:55pmThe House passed it, she’s thanking the Senate for not passing it… and they better not!
Report Post »Notorrius
Posted on December 2, 2010 at 5:06pmI want to know the 3 Republican Senators that voted with the democrats.
Report Post »M31Sailor
Posted on December 2, 2010 at 5:20pmThey were not Senators They were from the house of reps.
Report Post »adjams
Posted on December 2, 2010 at 5:23pmThe were in the house not senators, and they were Ron Paul, Walter Jones, and Jimmy Duncan.
Report Post »Im trying to find out why Congressman Paul did.
komponist-ZAH
Posted on December 2, 2010 at 7:12pmRon Paul probably voted against it on principle.
Report Post »komponist-ZAH
Posted on December 2, 2010 at 8:13pmOh, sorry. He voted FOR it? Well, if this is the best we can get….
Report Post »ltb
Posted on December 2, 2010 at 5:05pmSay goodbye to your power Harry Pelosi and Nancy Reid.
Report Post »benrush
Posted on December 2, 2010 at 5:02pmCongress is a corporation with the ability to tax. We should unionize.
Report Post »FED-UP-AND-READY-TO-TAKE-ACTION
Posted on December 2, 2010 at 5:01pmWe all need to start using the “VICTORY OR DEATH” phrase for everything we all do. Got to get back to the way it was meant to be……………… If Washington could lead his Patriots in a snow storm with most of them leaving bloody foot prints in the snow from not having boots, can’t we give a little blood too………….victory or death!
Report Post »Shamokin_CoalCracker
Posted on December 2, 2010 at 5:43pmI agree,while we watch this circus in Washington with performers from Both sides trying to out SLICK the other more and more things are hidden from us. I feel that a revolution is LONG over-due but how many have the sand to stand-up?? Too many still are screaming the BATTLE-CRY wait untill 2012!!!! I do not have much to lose so as long as the blood in the snow belongs to them too——-Count me in!!!
Report Post »DesertRose1960
Posted on December 2, 2010 at 6:41pmIn other words, both of your are supporting sedition, and if you actually do take up arms against your country, you will be guilty of treason, don’t you? If you do rebel against the Constitution, you will destroy it, and therefore kill the thing so many of you claim to love above all else.
Report Post »Strictlybusiness
Posted on December 2, 2010 at 7:40pmNO YOUR WRONG STUPID ((DesertRose1960))……. Nobody is going anything alone, SOON it is going to be very obvious where the line in the sand is ! ! Then We Will All stand up and defend HER ((THE CONSTITUTION)), As A Country, VICTORY or DEATH !!!
Report Post »DesertRose1960
Posted on December 2, 2010 at 8:15pm@ strictlybusiness, I wouldn‘t go calling anyone stupid if I wasn’t literate enough to use a pronouns and verbs properly. And you can go out and stand with all your seditious friends, but if you overthrow the duly elected government with your merry band of hateriots, you will be killing the Constitution and destroying the Republic. You don’t have a right to foment treason, that’s in the Constitution. This is my country, too. I swore an oath to protect and defend the Constitution from all enemies, foreign and domestic, I will never stand with you and your seditious lot.
Report Post »FED-UP-AND-READY-TO-TAKE-ACTION
Posted on December 2, 2010 at 9:27pmRose1060,
I understand your feelings. My point is as an American patriot and a supporter of our great constitution I see our values being destroyed every day. I very much respect the office of the President but do not support or respect the person currently in that office. His policy and leadership I feel are wanting by setting us up to be taken over by progressive liberal minded enemies of the state that will completely destroy our Constitution. I see Muslim extremest being treated with the same rights as an American by this administration and legal system. I see haters of those who stand for our republic and those who dare speak against what is going on.
I feel for the sake of my children, and future grand children as well as all other patriot’s families that we must get back to putting the American people first. There is so much fuss made over people trying to be politically correct and not to come off as offensive, well I frankly don’t give a dam my friend! If anyone who seeks to destroy our way of life from either inside or from the outside I say call them enemy of the state and deal with them as such………… more bad English I;m sure but my heart is pure.
Report Post »komponist-ZAH
Posted on December 2, 2010 at 9:40pm@Fed-Up-and-Ready–
Report Post »Correction: enemy of the people.
snowleopard3200 {mix art}
Posted on December 2, 2010 at 9:48pmListen, I love this country as much as any other freedom loving citizen does, and yes I expect at some point someone will decide to take my life for my beliefs – so be it if the Almighty deems it worth the cause – however Beck follows the path of Ghandi in this regard…
Change must be accomplished by non-violent means; the usage of any force or threats of force will play right into the Progressives hands and allow them to claim being the victims. We have already won the first victories in the war, and will continue to do so as long as each and every one of us does not give in or give up.
Encourage people to sign petitions for the administrations removal of the czars and head of departments such as Napoletano; send e-mails, chains of e-mails, blog to the ends of the earth and of cyberspace, send letters of protest to the supporters of these people, get organized – even if it is only with one or two others – and by not staying quiet we can win out and strike the fear of God into their hearts.
Remember, if God is with us (and indeed He is), who can possibly win against us.
Report Post »FED-UP-AND-READY-TO-TAKE-ACTION
Posted on December 2, 2010 at 10:43pmKOMPONIS, I stand corrected, you are correct, they are the “ENEMY OF THE PEOPLE”.
Snowlep, I also agree with your statement. I am not suggesting violence but am suggesting that we get involved with what is going on in any matter available. As my name here suggest I am fed up with the way things are going and ready to take action. I think most people see what is being done and don’t like it. But if we all just sit back and expect someone to come along and make it all better then we are foolish.
Every person must follow their our heart regarding what is the right path for them. As Komponis mentioned it is the “enemy of the people” with whom we must figure out a way to overcome. We can do it in many ways and must understand that it will cost we all something to accomplish. But just as Washington’s men marched that cold night leaving bloody foot prints in the snow so we all must make that same march. “VICTORY OR DEATH”.
Report Post »benrush
Posted on December 2, 2010 at 5:00pmThey are not going to give up just because American principles are at stake, are they?
Report Post »troyvar
Posted on December 2, 2010 at 4:51pmMy question… Who are the three Republicans/RINO’s?
Report Post »BoilitDown
Posted on December 2, 2010 at 4:51pmApparently we’ll have to shout a little louder to be heard by our lawmakers. We’ve let too many dense and deaf people occupy those offices for too long. Maybe they’ll get it after the next “throw the bums out” election.
Report Post »No More Political Gaming of the System!!!
snowleopard3200 {mix art}
Posted on December 2, 2010 at 5:08pmAnyone know where I could get or build a set of 200GW ghetto blasters and boost them to 1500db or above; say just outside of the senate building?
Report Post »SNOWLEOPARD-FAN
Posted on December 2, 2010 at 6:49pmYes Snowleopard!
Report Post »komponist-ZAH
Posted on December 2, 2010 at 7:04pmBut this is the lame duck, they don’t care. They‘ve already lost their jobs and don’t have anything to worry about–and they get to blame the economic consequences of this on the Republicans, to boot…siiiiiiiiiiiiigh… Can anyone say double dip recession?
Report Post »davejag
Posted on December 2, 2010 at 4:50pmLet’s not give tax cuts to the people who create jobs. Heck no! That might…. CREATE JOBS!! Can’t wait until these Democratic losers are sitting in the unemployment lines come January.
Report Post »Miss Muffin
Posted on December 2, 2010 at 5:35pmWell I‘d like to know why they haven’t already “been” creating jobs? Any explanation?
Report Post »Rapunzel
Posted on December 2, 2010 at 5:46pmMiss Muffin, I have one: businesses typically plan out their goals and activities 3-5 years. They can’t make any plans without being able to project revenue and profit. They can’t project profit without knowing their tax burden.
Businesses are not hiring because the future is too uncertain and unpredictable. On top of facing a huge tax increase, health care costs are expected to soar.
Would you take a chance on hiring new people under these circumstances if you can get by with your current staffing?
Report Post »untameable-kate
Posted on December 2, 2010 at 5:48pmWith the boot of the government on the throats of the employers there will be no job creation. No one will be apt to expand thier business when they will likely be punished for it.
Report Post »snowleopard3200 {mix art}
Posted on December 2, 2010 at 6:41pm@Untamable Kate
Fine, they have the boot on the employers throat, then they also are not going anywhere else. We hold a blowtorch to their boot, foot, or another part of the anatomy within reach (you choose the place) and commence scorching them away one piece at a time.
No blowtorch, then take your fists and smash the back of the kneecap, or anywhere you can reach, cause them enough pain to loosen the grip for a moment and come out scrappin.
Report Post »sybilll
Posted on December 2, 2010 at 11:03pmMissMuffin, if the Bush tax cuts didn’t create jobs, why was unemployment 4.5% on average? How you Progressives can dress yourselves in the morning without the help of he government befuddles me.
Report Post »packeryman
Posted on December 4, 2010 at 9:09amMiss Muffin, Evaluating our job losses, one should understand that open border, bad free trade(not fair trade agreements and continuing to increase H1-B visas for cheap foreign labor is our unemployment problem.When 11 to 20 million illegals are allowed into the country, how many Americans are put out of work?When we encourage our industries to move off shore, how are we going to replace those lost jobs? When John Cornyn(TX) continually tacks on riders on senate bills to increase H1-B visas for cheap illegal labor, why are we allowing these illegals to come and work in technical jobs for 18 to 20,000 a year less than our people. This started with the Maquiladora plants under Reagan, continued with NAFTA under Clinton, we lost millions of jobs under Bush NAFTA, Gatt, etc. Until we reverse these policies our unemployment will stay in the 8 to 9% range. Corporate profits are at record highs yet unemployment will remain high as long as we let our corporations rape and pillage the middle class.Some think this has occurred since Obama got in office, wrong it has been in the making since the middle 80′s. We grew the greatest middle class the world has ever known following WW11 but we are fast disappearing. No country will ever have a majority in the middle class that is not a producer of industrial goods, Service economy, what a bunch of B.S. That concept along with open borders will continue to give us high unemployment
Report Post »MrButcher
Posted on December 2, 2010 at 4:49pmlooks like our taxes are going up for sure now.
Report Post »rwing
Posted on December 2, 2010 at 5:01pmYes we can…the hell they can’t!
Report Post »dirtypolitics
Posted on December 2, 2010 at 4:48pmDemocrats continuing with their Class Warfare. Unfortunate.
Report Post »FED-UP-AND-READY-TO-TAKE-ACTION
Posted on December 2, 2010 at 4:52pmIt is the same old crap that has been going on for the last two years. A group of people who put their interest and hidden agenda before the American people.
Please listen to the following from Newt Gingrich regarding what we must do to get rid of the left and get American back on track as our founding fathers fought and died for.
Please listen.
http://www.youtube.com/watch_popup?v=qtjfMjjce2Y
snowleopard3200 {mix art}
Posted on December 2, 2010 at 4:54pmYes, once again the Progressives show the will of the people they work for does not matter; they are going to turn us into a communist marxist nightmare kicking and screaming for the ‘better good’ of all us peasants who do not understand these grade AAA nutcases of DC.
Watch for a second December suprise from them; something is brewing big time, and will happen on the time of the next major holiday – some kind of sudden emergency occuring for them to use to make the collapse of order complete into their hands.
December 10, 2010 is the next UN human rights day – the perfect time for a ‘human rights’ violation event to occur in the USA and then – end game.
http://www.nea.org/grants/38831.htm
BetterDays
Posted on December 2, 2010 at 4:56pmapparently, but why? What do they have to gain? We know that IF our vote still counts for something then they stand to lose every seat they now have, but I am beginning to wonder about the big why?
Report Post »This just does not make sense politically or morally, We the People have spoken and yet without a care these socialists continue to trample upon us, we are missing something, and it is BIG. Perhaps it isn’t that we are missing it, perhaps it is more like we don’t want to believe it to be true, denial on our parts.
I have grave concerns, not fear, but concerns, have we waited to act believing incorrectly that our votes can change this socialist policy of destroying America, and if so have we waited to long?
snowleopard3200 {mix art}
Posted on December 2, 2010 at 4:58pm@Fed up
Just watched the video. God above we need to consider doing that very well.
Report Post »M31Sailor
Posted on December 2, 2010 at 5:01pmArticle written by a chicken crap Associated Press Propagandist (Barnyard Language)
Report Post »FED-UP-AND-READY-TO-TAKE-ACTION
Posted on December 2, 2010 at 5:05pm@snow,
I don’t know what else we can do if people will not take a stand. Talk is cheap, I have to admit I have not left my bloody prints in the snow but for the sake of my grand children and so on I feel it is time I take a stand. If we all sit by much longer it will be to late! “VICTORY OR DEATH”
snowleopard3200 {mix art}
Posted on December 2, 2010 at 5:07pm@M31 Sailor
Guess this them would be a Fowl Legislation of the Progressive Cluckers?
Report Post »untameable-kate
Posted on December 2, 2010 at 5:25pm“We are putting this bill on the floor today because we believe it is important to extend tax cuts for the middle class,” said Rep. Chellie Pingree, D-Maine. She said tax cuts for the wealthy have done nothing to stimulate the economy.
During the Bush years what was unemployment at, 4.5%? Right up until Obama started looking like a sure thing and Fannie and Freddie finally colapsed under the weight of demon rats programs and policies.
snowleopard3200 {mix art}
Posted on December 2, 2010 at 5:26pm@The Blazers
Interesting article on municiple bond markets going, going, and soon to be gone down the drain…from the Blazes the wire…http://www.theblaze.com/the-wire/2335597/ap-impact-how-muni-bond-bust-could-do-big-damage/
Report Post »abc
Posted on December 2, 2010 at 5:36pmNot class warfare. Every economist worth his salt knows that a tax cut to the middle class is stimulative while one to the wealthy is not. That is not class warfare. It is putting the tax cuts where they will best stimulate the economy, which the GOP claims is the rationale for extending them. It is Republicans that are LYING about why they really want to extend the tax cuts to everyone, and it has nothing to do with getting economic growth or creating jobs. It has everything to do with paying back their special interest groups.
grandmaof5
Posted on December 2, 2010 at 5:40pmI am so angry I type, erase, type, erase….the utter arrogance of those people! I bet they are out drinking and yucking it up that they screwed the American people again. Well what goes around comes around and they will get theirs one way or another. Every project they have needs to be defunded, if possible, after Jan 1st.; the Republicans don’t need to be the party of “no:, but of “hell no”. Like I said yesterday, Obama isn‘t concerned about his legacy as president because he will be the next dictator if we aren’t careful. What a bunch of scumbags.
Rapunzel
Posted on December 2, 2010 at 5:42pm@ABC – can you say ‘Laffer Curve’?
Report Post »Oh, God!
Posted on December 2, 2010 at 5:46pmRush made a good analogy today, If say, a married couple makes more than 250K, then their taxes skyrocket. Don‘t you think that one of those individuals would quit their job to make less so their taxes won’t go up. What incentive do you have to make over 250K? There is none. That is what they are wanting. Pretty soon they will lower that to say, 200K, then so on and so on. We will all end up not having any motivation and being a drone going to work. This is what they want and probably dream about. Thank goodness some of this madness will end in January. I just keeping thinking happy thoughts…
DesertRose1960
Posted on December 2, 2010 at 6:01pm@Rapunzel, can you hear the economists laughing at Laffer? Can you say “Voo Doo economics”? That was about the only thing I ever agreed with G.H.W. Bush about.
Report Post »abc
Posted on December 2, 2010 at 6:13pmRapunzel, say it? Heck, I met him and asked him about it. I asked how do we know which side of the curve we are on, and he couldn’t answer the question. He was so impressed with the questions on it, however, that he invited me to his house. So I think he is a very sweet man, but his eponymous curve is total bunk. In any case, the econometric models run by the CBO and many others clearly show that tax cuts to the rich are not very stimulative of the economy, unlike those tax cuts directed at the middle and lower classes. You throw out meaningless terms like Laffer Curve, but you really have no idea what you are talking about. Silly words to justify silly positions. Knowingly or not, you let the rich cats laugh all the way to the bank.
Report Post »snowleopard3200 {mix art}
Posted on December 2, 2010 at 6:25pm@Fed up
If no one else will stand with you where you are; then the loss is on them. What counts in this war against Progresivism and those seeking to destroy our way of life is that we do make the stand and say “no more past this line.”
Even for me, I am willing to go before the Almighty and tell him I did the best I could. We fight for a higher principle, and the future of not just ourselves, but for the future of all others – Americans and those seeking to become Americans – to dream of freedom and to live free of fear and tyranny.
It is for Him, I continue, it is for them I will fight.
One person can make a difference, let us all stand.
tradexpertbuysell
Posted on December 2, 2010 at 6:43pmRaising taxes on the so called rich is actually targeting the lower rung of those stable enough to create jobs. Republicans need to get more aggressive and in addition to stopping spending talk about reducing all taxes on all incomes and corporate income in these recessionary times.
What they have done tonight is a disaster because it will not stimulate job growth. And at best is deceptive and at worst an outright deliberate attempt to collapse the system as Obama and the far left has intended on doing right along!
Gaming the system by the far left as they are to lie and refer to this as denying what they wrongfully call the for the so called “rich” as a tax cut (which it is not but rather raising taxes again on the so called “rich”) is like putting perfume on a scorpion before adopting it for a pet for our children and grand children.
SNOWLEOPARD-FAN
Posted on December 2, 2010 at 6:48pmIndeed!
Report Post »TSUNAMI-22
Posted on December 2, 2010 at 6:49pm@ ABC
How can you breathe with your head so far up your ass? That made just about as much nonsense as Nancy Pelosi saying that unemployment benefits creates jobs.
Maybe I should go to the unemployment office and apply for a job. Hell, I live in California, why shouldn’t I?
Report Post »ascoolone
Posted on December 2, 2010 at 6:55pmI am a Veteran and my oath did not end when I got my discharge. “VICTORY OR DEATH”
TSUNAMI-22
Posted on December 2, 2010 at 6:57pm@ tradexpertbuysell
Bullseye. This will create an atmosphere that demotivates people to struggle for success because the effort will be lost on the unmotivated entitlement class.
Report Post »walkwithme1966
Posted on December 2, 2010 at 7:17pmThis is not class warfare. Every economist knows that a tax cut to the middle class is stimulative while one to the wealthy is not. You all are getting mad before you do your research. It is putting the tax cuts where they will best stimulate the economy, which is the rationale for extending them. It is GOP that is lying and it has nothing to do with getting economic growth or creating jobs. It has everything to do with paying back their fats cats who give them all their campaign money. To extend the tax cut for the upper 2% it will add 70 billion to the deficit and there is not any return. Stop believing everything the GOP tells you – you need to research and think for yourselves. Alsol it still has to go thru the Senate – stop preaching class warfare! Thats what some in Congress want is the country to be divided. Don’t fall for this! http://maboulette.wordpress.com
Report Post »CatB
Posted on December 2, 2010 at 7:32pmYes .. Pelosi is such a b*tch .. I can’t wait until she is back on domestic flights … this is ridiculous .. just call these what they are … the Obama/Pelosi/Reid TAX INCREASES and JOB KILLER
Report Post »abc
Posted on December 2, 2010 at 8:27pmTsunami, two things. First, just because you didn’t understand what I wrote does not logically make it incorrect. It could be that you are not smart enough to follow the logic, or that you are too partisan to admit the truth. Second, calling me names does not constitute a rebuttal. Also, note that someone else made the very same argument I did, which means that I am not crazy or misinformed because I’ve been independently validated. You, on the other hand, have not!!
Report Post »abc
Posted on December 2, 2010 at 8:30pmBuySell, this is not true. Only 3% of taxpayers in the $250K+ group are small businesses, and a smaller percentage actually employ labor (i.e., are not hedge funds or other professional services that would not add labor with a tax cut). Everyone already knows this, but it conflicts with the GOP narrative so it is ignored by politicians and crass partisans. What is your excuse??
Report Post »tradexpertbuysell
Posted on December 2, 2010 at 8:46pmThe class of Nov 2 better be prepared to go in there with taisers in January.
Who were the 3 sonofabitch #@***& republicans that voted for socialism?!!!!!!!!!!!!!!!!???????????????
They need to go!!!!!
Report Post »tradexpertbuysell
Posted on December 2, 2010 at 9:09pm@ABC
So based on your logic it‘s ok then to pass legislation so that married couples can’t make more than 250K? Because I know that‘s where you and the rest of the progressives really want to go with that even though you’ll never admit it.
But while we’re on the subject how about limiting income to say 100K? 50K? Because that‘s were it’s headed. Once you let the class warfare animal out of the bag big government can now limit jobs and control you and me. That ain’t the America I grew up in.
I don‘t think you’re high enough on the food chain to be thinking that stupid unless you are a troll which I‘ve heard rumors you are and don’t really give a damn about economic freedom.
Get you hands out of my pockets Jack! (It’s there money that they worked hard for not yours.) I don’t consider even someone making 1M rich but just starting to get to the point where they might have a chance at a stable retirement and freedom.
Also by the way you are talking down to others on this page you’re being a tad bit over the top on condescension.
So crawl back under your rock were you belong with the rest of your dirt stupid friends.
Report Post »338lapua
Posted on December 2, 2010 at 9:42pm@abc & @walkwithme Will you two ever go away? It is like listening to several parrots mimic each other “everybody knows”…..“everybody knows”…..RAAAHHH. Still condescending ,still hateful. And @abc you are still a b*tchy narcisisstic a**. Pretty much par for the course coming from the left.
Report Post »We couldn’t possibly just talk about our different views….we are SOOOOOO superior. We need to dictate to the little people. Step off.
CAPTAIN
Posted on December 2, 2010 at 10:00pm@ABC. You can always find an “expert” to bolster your viewpoint but the bottom line is, the government takes too much of what we earn. What exactly is it you think the “rich” will do with the money they won’t have to give the government?
Report Post »tranquilrider
Posted on December 2, 2010 at 10:32pmUmmmmmm
Report Post »http://www.politifact.com/truth-o-meter/statements/2010/dec/02/john-boehner/john-boehner-says-american-people-spoke-pretty-lou/
tranquilrider
Posted on December 2, 2010 at 10:41pmsome additional facts about the tax cuts
Report Post »http://www.politifact.com/truth-o-meter/statements/2010/dec/02/sarah-palin/obama-tax-hikes-just-easily-call-them-bush-tax-hik/
sybilll
Posted on December 2, 2010 at 10:57pm@FedUp, thanks for the reminder. Great video, even though I am not particularly a Newt Fan. Gave me goosebumps.
Report Post »TSUNAMI-22
Posted on December 3, 2010 at 3:16am@ ABC
First off, don‘t lump me into the GOP just because I don’t think you make sense. I’m neither a Democrat or a Republican. I’m a CONSERVATIVE, independent of the party line BS. Most of the so-called republicans are fiscal morons as well as the dems.
What bothers me about you and people like you is that you’ve been brainwashed by someone or some entity into thinking that taxing rich people will fix the worlds fiscal ills and short-comings, and that somehow it is their duty and obligation to do so for the benefit of all who feel entitled. It‘s people like you that truly don’t understand how a job is actually “created”. It’s people like you that think $250k or even 1 million dollars is a lot of money……until bread is $15 dollars a loaf, and Strawberry jam is $100 dollars per jar. It’s people like you that just want to get “paid” with “Obamamoney” from his “stash”.
If you‘re truly interested in hearing someone that I’ve received my education from, then give a listen to this gentleman. He has a way of making things very clear to the average person.
http://www.europac.net/media/video_blog/g20_tax_rich
I’ve got this site bookmarked and I receive emails every time a new video gets put out. This guy has saved my life by allowing me to receive a level of fiscal competence that I never received in college. They don’t teach this stuff in most colleges because it goes against the status quo of indoctrinating zombyism necessary to impart control of the Obama-drone collective.
The government knows exactly what it is doing and it’s not promoting the atmosphere necessary to foster “job” creation. It only fosters dependency and reliance of handouts, and promotes ignorance, apathy, and complacency. Voting for a party “representative” is only a roos and an elaborate hoax.
Here‘s another link you’d be wise to listen to http://www.youtube.com/watch?v=U1v2bWRSCwk&feature=player_embedded#!
Rest assured that I’ve listened to Peter Schiff as well as Geithner, Bernanke, Reich, Greenspan, Laffer….and Roubini….and in my opinion Schiff can run common-sense circles around all of them.
Notice that Peter Schiff gets very little air time on all the networks……I believe it‘s partly because they don’t want the truth to cause a fiscal panic prematurely.
The idiots in the USA are the ones giving a fiscal blank-check to the government through apathy, complacency, and a lack of self-responsibility. Ultimately the country will collapse inward on itself and at that point the fable of the Ant and the Grasshopper will become a stark reality…..except in this instance the Ant has a 9mm and an AR-15.
Wise up, people.
Report Post »scriptor_clm
Posted on December 3, 2010 at 4:59pmABC – you seem to be a very intelligent person, but you lack evidence. I’ve been following you around this website for over a week now and I find you a very lacking person. First you cry out for proof of statements made by others. No granted you have provided links to other sites that attempt to prove things you are trying to back up – such as the article you commented on that involved global warming. That’s not what most scientists would call proof. Proof is studying all aspects of what is going on. Economics is not something you can look at through the eyes of a mathematician. You also have to look at it through the eyes of history, through the eyes of people that have lived through that history and dealt with the reality of what happened. I can sit here all day and quote ‘Glenn Beck’ and other conservatives and you can claim to have spoken to the creator of the Laffer Curve and have information direct from God’s mouth, but don’t belittle people with a superior attitude or a mock superior education. Just give facts and move on. Facts that have a bipartisan foundation would be better.
Report Post »tradexpertbuysell
Posted on December 3, 2010 at 10:24pmClass warfare = Crabs in a bucket
It’s an old New England fisherman trick. Put one crab in a bucket and it will climb out in less time than it took to throw it in. But put more than two or three in and they will never get out because as one climbs higher the other crabs will pull it back in their effort to climb out.
The progressives have perfected this to the point that we’ver forgotten to wish successful people well and somehow feel it is our duty to hold our most successful members back instead of working together and taking joy in our prosperity and exceptionalism. And sadly prosperity and exceptionalism has become a dirty word in the progressive lexicon.
If anyone should pay the higher taxes it should be the uberrich like Soros that are trying to hold us back and the progressives themselves. Not the ones that are being targeted instead by the current admninistation. They are not the uberrich trying to slam the door shut on everyone else but those wealthy enough to lift up anyone else willing to work for the American dream.
Shame on us all! We deserve exactly what we are getting.
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