‘Fiscal Cliff’: Senate Dem Threatens Tax Increases on Middle Class if GOP Doesn‘t Agree to Make Rich Pay Their ’Fair Share’
- Posted on July 16, 2012 at 12:46pm by
Erica Ritz
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Senator Patty Murray (Photo: AP)
The Washington Post reported late Sunday that Democrats are threatening to go over a “fiscal cliff” if Republicans don’t agree to raise taxes on the rich.
The Washington Post explains: “The term ‘fiscal cliff’ refers to the sharp drop in the 2013 budget deficit that would result from policies in current law. Thanks to a deal Obama cut with Republicans in 2010, the Bush tax cuts — and dozens of other tax provisions — are set to expire in December, raising taxes for virtually every U.S. household next year.”
But some Democrats are willing to let the so-called “tax cuts,” which have been the tax policy for the past decade, expire for the entire nation if Republicans don’t raise taxes on families making more than $250,000 a year, colloquially referred to as “the rich.”
Fox News has more information.
Senate Democrats appear willing to use your paycheck to play political hardball on taxes unless Republicans agree to President Obama‘s plan to raise taxes on America’s top earners.
A top Senate Democrat warned Monday that, if Republicans don’t relent, her caucus is willing to let all the Bush-era tax rates expire at the end of the year — in effect threatening to let the country fall off what many in Washington call the “fiscal cliff.”
[...][Sen. Patty Murray, D-Wash., said]: “So if we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013 rather than lock in a long-term deal this year that throws middle-class families under the bus,” she said in prepared remarks for a speech she plans to give Monday afternoon at the Brookings Institution. Murray is head of the Democratic Senatorial Campaign Committee, the campaign arm for Senate Democrats.
[...]
“If middle-class families start seeing more money coming out of their paychecks next year — are Republicans really going to stand up and fight for new tax cuts for the rich? Are they going to continue opposing the Democrats’ middle-class tax cut once the slate has been wiped clean? I think they know this would be an untenable political position. And I hope this pushes them to come to the table with real revenue now before being forced to the table if we don’t get a deal before the New Year,” she said in the remarks.
Some Democrats say they're willing to jump off the 'fiscal cliff' if Republicans don't agree making the rich pay their 'fair share.' (Photo: AP)
Both Republicans and Democrats are arguing that the other side is set to trigger massive taxes hikes in 2013. Sen. Murray said that if tax hikes do occur, it will be the fault of the Republicans for failing to comply with Democrat negotiations that taxes be raised on country’s wealthy.
However, with more than 8% unemployment and unfathomable regulation around the corner with the passing of the president’s health care bill, Republicans argue that raising taxes on anyone, including the rich, is economically destructive.
Sen. Rob Portman of Ohio, who is reportedly being considered for the role of vice president, explained:
“Raising taxes on employers and the middle class, growing government at the expense of free enterprise, piling on new regulations that increase the cost of doing business — these burdens make it harder, not easier, to create jobs in America…Today, instead of lifting the burden on job creators, the President is once again calling for a massive tax increase on nearly 1 million small businesses that employ tens of millions of Americans. I guess he still thinks the private sector is doing just fine. Well, the private sector is not fine. And raising taxes on job creators during a jobs shortage makes about as much sense as cutting off the water supply during a drought.”
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Comments (86)
JEANNIEMAC
Posted on July 16, 2012 at 1:12pmThe grasshoppers, who play all summer, while the ants work and store food for the winter, are demanding that the ants share the food. The grasshoppers think it is unfair to demand that they grow their own food.
Report Post »Gold Coin & Economic News
Posted on July 16, 2012 at 1:20pmWill the media report that Democrats are holding Americans hostage over this tax the rich crap? To be fair the rich should be paying less in taxes, they pay too much already:
Report Post »http://www.youtube.com/watch?v=RT8uyB86XXE
RJJinGadsden
Posted on July 16, 2012 at 1:21pmToo bad that so many of our government agencies have become entire colonies of grasshoppers.
Report Post »HKS
Posted on July 16, 2012 at 1:25pmThe middle class is going to pay less taxes anyway, most won’t have a job so no taxes at all. The problem is the “world order”, “the world economy”, How’s that world crap working out for ya. We don’t need the world, we can take care of ourselves, we have the biggest markets, use them for our own products. If their too expensive, subsidize them, still cheaper that giving it away.
Report Post »jhrusky
Posted on July 16, 2012 at 1:26pm“So if we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share … ”
So, what is this “fair share” these moronic democrats (progressives in disguise) continually speak of?
Report Post »cessna152
Posted on July 16, 2012 at 2:00pmTHE RICH PAYS THEIR FAIR SHARE! Oh my goodness I am so sick and tired of these F-ing Marxist/Nazi lying B-tards! For the last time:
Report Post »Top 1% pays 43% of all TAXES in this country.
Top 10% pays 76% of all taxes in this country and the top 25% pays over 96%.
The other 75% ARE NOT PAYING THEIR fair SHARE! After property, income, sale, federal, SS, etc, etc, etc… over 50% of my income is gone. That is robbery and these F-ing people continue to lie! I’m done… complaining time is over. Time to give the country back to the citizens…
knotjammin2
Posted on July 17, 2012 at 9:47amI couldn’t agree with you more. The idea of extorting a tax increase doesn’t go over well with me either. Also, those with Yahoo and Youtube accounts may want to reconsider keeping those accounts now that Youtube has censored a Romney ad. I just canceled both accounts. Also, Yahoo just appointed a new CEO that works on Obama’s fund raining committee.
Report Post »progressiveslayer
Posted on July 16, 2012 at 1:11pmThis might be funny if it weren’t so true.
Be sure to read all the way to the end:
Tax his land,
Tax his bed,
Tax the table,
At which he’s fed.
Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.
Tax his work,
Tax his pay,
He works for
peanuts anyway!
Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat..
Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.
Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.
Tax his cigars,
Tax his beers,
If he cries
Tax his tears.
Tax his car,
Tax his gas,
Find other ways
To tax his ass.
Tax all he has
Then let him know
That you won’t be done
Till he has no dough.
When he screams and hollers;
Then tax him some more,
Tax him till
He’s good and sore.
Then tax his coffin,
Tax his grave,
Tax the sod in
Which he’s laid…
Put these words
Upon his tomb,
‘Taxes drove me
to my doom…’
When he’s gone,
Do not relax,
Its time to apply
The inheritance tax.
Accounts Receivable Tax
Report Post »Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Pers
progressiveslayer
Posted on July 16, 2012 at 1:22pmMedicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world.
Report Post »We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
cessna152
Posted on July 16, 2012 at 2:09pmA “Rattle snake” comes to mind…
Report Post »bigdaddyt46
Posted on July 17, 2012 at 6:46ama friend of mine in MN changed it from land of 10,000 lakes to land of 10,000 taxes.
Report Post »VanGrungy
Posted on July 16, 2012 at 1:10pmWhat good is a tax cut if you lose your job or can’t find one?
Democrats, party of the parasites
Report Post »mersey
Posted on July 16, 2012 at 1:10pmI say let the Democrats go right ahead. Who will most Americans blame, the party who wants to keep taxes down for everyone or the party who is willing to let the taxes go up for everyone?
Report Post »RJJinGadsden
Posted on July 16, 2012 at 1:20pmUnfortunately, there are now too many out there with that hand thrust forward palm up demanding more. 0bama has to squeeze even more from those who actually work and produce to pay the ne’er do well to continue to vote for he and the likes of Murray, Reid, and so many others.
Report Post »dublinthewagons
Posted on July 16, 2012 at 2:27pmCall the democrats hand. Lets see if senate is dumb enough to go up on taxes. They have practically destroyed the middle class now. Romney & rebublicans need to campaign on canceling out the tax increases in January after they win the elections. Demos want compromise but don’t give up anything. That is not compromise. Vote them out and have a open season on them.
Report Post »Chromo200
Posted on July 16, 2012 at 2:28pm60% plus will blame the Republicans .. they have done it before .. Look at the polls ..with all this poor economy, high unemplyoment and the election is still a toss up. People have bought into that Republicans are rich and out to take your freedom away.
Keep taxing and I will spend less … the twice the amount that I am taxed. I also will increase my number of dependents on my W2 from zero to 2. I know the rate will go up but at least the gov‘t won’t be using my money for a while.
Report Post »Txrpatriot
Posted on July 16, 2012 at 1:10pmI say let them do it, let them commit political suicide. Those of us who do pay taxes should organize our own general strike and see how that works for them when they miss a day or two of collections.
Report Post »Verceofreason
Posted on July 16, 2012 at 1:09pmThe thought the ‘job creator’ schtik went out with the birthers?
Report Post »Romney/Bain only created job’s in Asia.
How does that help American workers.
VanGrungy
Posted on July 16, 2012 at 1:12pmbravo!!
keep spewing that debunked democrat party line !!!
WOOOO!!!
Report Post »kaydeebeau
Posted on July 16, 2012 at 1:17pmHave you been to or seen a Staples? how about Sports Authority? – to name just 2.
Then let’s compare to Fiskar or Solyndra…..
Report Post »Psychosis
Posted on July 16, 2012 at 1:22pmwell then, your no longer allowed to order from dominoes, or go to staples, or the other hundreds of businesses still around today directly because of bain capital
your intelligence is showing …………………pull up your pants
Report Post »progressiveslayer
Posted on July 16, 2012 at 1:27pmVerceofidiocy Barry has put millions out of work and will continue to do so until he’s put out of our misery in November.Romney’s created jobs in the private sector and the Marxist POS is dismantling the private sector.
Report Post »barber2
Posted on July 16, 2012 at 1:50pmHow about all of our tax money Obama is releasing to Egypt ? Talk about out-sourcing ! Wonder if Hillary was able to collect any of the shoes and the tomatoes ? ( and then there is all of the stimulus money that went over-seas for those “green” jobs ! his crony buddies must be pleased )
Report Post »sWampy
Posted on July 16, 2012 at 1:08pmEverytime this has been tried, it has failed, why do the liberals insist we try their failed ideas over and over?
Report Post »progressiveslayer
Posted on July 16, 2012 at 1:07pmOur one party system took us to the fiscal cliff with their spending like drunken sailors and there isn’t enough money in the word that can get us out of this and 233 trillion reasons proves me right.
For the millionth time you stupid sob,we have a spending problem not a revenue problem and while we’re on the issue of fairness the 47% of Americans who pay no federal income tax aren‘t paying their fair share while the so called ’rich’ pay the lions share in taxes.I don‘t have the figures in front of me right now but they’re on the net for all to see.
Report Post »Apple Bite
Posted on July 16, 2012 at 1:07pmThere it goes! Grab your chips and dip, Libs are already going after the middle class, or what’s left of it. The problem with Socialism? You soon run out of other peoples money. It’s a story that has never been proven false for as long as Socialism has existed…
Report Post »jackact
Posted on July 16, 2012 at 1:05pmAmerican Electorate:
Report Post »This speaks for itself.
Can we now come to a conclusion that the democrats DO NOT CARE who they tax?
If you still don’t get it then please stay away from the polls in Nov.
Thanks,
Engaged and informed voter.
progressiveslayer
Posted on July 16, 2012 at 1:21pmThe 47% of Americans who pay NO federal income tax agree 100% that taxes should be raised,and often.Most politicians assume the electorate has a very low IQ and with the caliber of people who continue to get reelected they’re probably right about their assumption.
We‘re outnumbered by stupid people who’ve at least figured out how to vote,the problem is they keep electing idiots who have no real concept of how our government is supposed to work.
Report Post »Master.Debater
Posted on July 16, 2012 at 1:04pmLet’s be clear about this: THERE ARE NO TAX CUTS PROPOSED BY EITHER SIDE. The republican proposal is a to keep tax rates the same, while the Democrats propose TAX HIKES, either on the job creators or on everyone if they don’t get their way.
Report Post »The_Almighty_Creestof
Posted on July 16, 2012 at 1:04pmI hope you all are aware that no matter who controls the white house, senate & house…none of this thieving/corruption/ETC…is going to stop until there is simply no money left to take from us.
Then it will be “every man for himself” for simple day to day survival.
Report Post »Rickfromillinois
Posted on July 16, 2012 at 1:03pmI would like to hear their definition of “fair”. The so-called rich (families making $250K a year, which by the way, would include a family in N.Y. City where one is a firefighter and the other is a teacher) are already paying taxes at a higher rate then everyone else. But according to the Dems, that’s not enough. Just how is it “fair” when nearly 1/2 of the wage earners in the U.S. don’t pay any Federal Income Taxes at all? How is it “fair” when a large percentage of those 1/2 of the wage earners who don’t pay any Federal Income Taxes get a “Tax Return” of thousands of dollars from those who do pay taxes? Just how is it “FAIR” to raise the taxes on the 1/2 who do pay taxes if those who are already paying at a higher rate don’t have their rates raised even HIGHER? Blood sucking parasites.
Report Post »RJJinGadsden
Posted on July 16, 2012 at 1:15pmThe crazy part is that 0bama prefaces his interviews and speeches with something like the wealthy millionaires and billionaires should pay their fair share. Then later on he points out that if you make less than $250,000 a year, your taxes will not increase. That is some really fuzzy math…or is it just more of the usual lies?
Report Post »deeberj
Posted on July 16, 2012 at 1:03pmI personally would rather see the tax cuts go for all of us than to see only the “rich” (whatever that means) taxed more.
Report Post »The_Almighty_Creestof
Posted on July 16, 2012 at 1:00pmA questions I’d want answered first (since everyone spins this stuff):
1) Do the rich pay the same PERCENTAGE as I do AFTER all deductions and other finagling by their accountants? Or do they just pay a lot more in dollars than I do. It means nothing to me if someone who earned 10 million paid 1 million, compared to my 25 thousand if my 25K was 30% of my actual gross.
For myself, I’d rather they throw the tax laws out, go with a straight tax with ZERO deductions of ANY kind, and tax all entitlement checks of any kind as well.
Report Post »COFemale
Posted on July 16, 2012 at 1:11pmWhat Democrats try to pass off as income tax rate is actually capital gains rate. They misled the public on this front. If you make 45,000 you probably don’t actually pay income tax, but get a refund at the end of the year. It is when you continually pay the IRS is when you are actually paying income tax. Look at your 1040 instructions and you will see the % rate you pay.
People who are rich generally do not take a salary as that would be taxed around 38%. What they do is pay taxes on capital gain earnings that would be at 15%. Remember Democrats do this also, so it is not just Republicans that do this.
Report Post »Dougral Supports Israel
Posted on July 16, 2012 at 1:18pmThe top 1% of taxpayers pay 37% of the total income tax and get about 17% of the total household income. They are paying at a much higher rate than the average Joe. Obama’s appear to “fairness” has nothing to do with mathematical reality and is designed to make people envious. Obama is America’s Great Divider.
Report Post »Tri-ox
Posted on July 16, 2012 at 1:00pm‘27 Things That Every American Should Know About The National Debt’
http://theeconomiccollapseblog.com/archives/27-things-that-every-american-should-know-about-the-national-debt
Report Post »COFemale
Posted on July 16, 2012 at 12:59pmGo ahead you dip_____________ raise taxes and seal your own fates. Well it is nice to see that Democrats have learned well from the unions. Extortion is in their manta. I am not surprised.
Comrades, you steal money from the rich or we will break the knees of the middle class. We are all socialist now.
Report Post »CatB
Posted on July 16, 2012 at 1:04pmJust goes to show .. they don’t care about the middle class .. they only care about punishing the rich!
OMG 2012 LIBERTY
Report Post »kaydeebeau
Posted on July 16, 2012 at 12:58pmThe “rich” are already paying more than their “fair” share and the fair share of 47% of the rest of the population.. How about the 47% of folks who pay nothing contribute their share???
Report Post »M24
Posted on July 16, 2012 at 12:56pmAtt. Democrats; You Vomit Face Basta.ds Can Kiss My Asz !!! Crooks All Of You
Report Post »jpl57
Posted on July 16, 2012 at 12:55pmLiberal progressives three favorite words, Tax, Regulate and mandate.
Report Post »Derek01
Posted on July 16, 2012 at 12:55pmGood. Let the dems try to raise taxes. No matter what they say tax cuts don‘t mean squat if you don’t have a job. In spite of what Obullsht’s says, his actions show his plan is to cut jobs and get people used to relying on the government and the dems are all for it
Report Post »woodyee
Posted on July 16, 2012 at 12:53pm[Sen. Patty Murray, D-Wash., said]: “So if we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013 rather than lock in a long-term deal this year that throws middle-class families under the bus,”
Go for it, boyfriend, and seal your political doom.
Report Post »jopmur
Posted on July 16, 2012 at 12:52pmThis woman is a slug, leaving a slimy trail.
Report Post »GeorgieJo
Posted on July 16, 2012 at 12:50pmTHREE YEARS without a budget and this dooofus Patty Democrap Murray NOW wakes UP?
Report Post »Go yell at Dingbat Harry Reid.
Liberals are truly insane.
OMG 2012
cookcountypatriot
Posted on July 16, 2012 at 12:50pmgod they sound like a bunch of whiners and any repub that caves to these nazis should be thrown out…..if we dont get what we want everybody suffers….fluke those mutha flukers
Report Post »CatB
Posted on July 16, 2012 at 1:05pmAmen!
Report Post »