Government

Senate Dems Plan to Pay for $447 Billion Jobs Bill With Millionaire Tax Increase

Senate Democrats Plan to Pay for Jobs Bill With Millionaire Tax Increase

Senate Majority Leader Harry Reid

WASHINGTON (The Blaze/AP) — In a move that some may see as purely political, Senate Democrats are scrambling to rewrite portions of President Barack Obama’s jobs bill, even as Obama tries to blame Republicans for Congress’ failure to act.

Senate Republican leader Mitch McConnell moved to call the president’s bluff Tuesday by pushing for a quick Senate vote on the bill, but Democratic leader Harry Reid derailed the effort as all sides maneuvered for position in a potentially defining battle in the 2012 presidential campaign.

In the Senate, Democrats made plans to jettison provisions that Obama recommended to pay for the $447 billion jobs bill, substituting them with a tax increase on millionaires, officials said. The officials spoke on condition of anonymity to discuss the closed-door developments.

Reid, D-Nev., outlined plans for a 5 percent surcharge in a meeting with the rank and file Tuesday, according to participants in the session, as Obama traveled to Texas to deliver his most caustic challenge yet to House Republicans who have not allowed a vote on the legislation unveiled nearly a month ago.

“What’s the problem? Do they not have the time? They just had a week off. Is it inconvenient?” he said in Mesquite, Texas, singling out House Majority Leader Eric Cantor for special criticism.

Cantor has said the White House’s “all or nothing approach is unreasonable.”

But after three weeks of presidential demands for Congress to pass his jobs bill without delay, White House communications director Dan Pfeiffer said Obama was open to Reid’s changes. National Journal has more:

“When Democrats bring this common-sense jobs legislation to the floor, we’ll ask Americans who make more than a million dollars a year to contribute a little more,” Reid said in a morning floor speech. He said he hopes to set up a vote on the revamped jobs bill “within the next few days.” [...]

Reid and Sen. Charles Schumer, D-.Y., have said they planned to alter the pay-fors proposed by Obama to win support of Democrats wary of the tax increases. Democrats argued raising taxes on millionaires polls well, even among GOP voters, making it politically risky for Republicans to block the bill.

This “makes it very tough for Republicans to oppose this package,” Schumer said.

“We offered a balanced way to pay for the American Jobs Act, but if Congress has a better idea that ensures that everyone pays their fair share, we’re open to it,” Pfeiffer said.

This is curious for a variety of reasons. To begin, Obama has focused much of his rhetoric on millionaires and billionaires who, he says, are not paying their “fair share.” Yet, when calling for tax increases, he has traditionally folded in those families earning much less.

In fact, to pay for his package of tax breaks, unemployment benefits and new spending on public works projects, Obama has proposed higher taxes on families making $250,000 or more and on the oil and gas industry.

One wonders: Why is it suddenly prudent and viable to raise the tax threshold? Previously, the president seemed set on higher taxes hitting much lower income brackets, but perhaps Reid’s political strategy ensures increased tax income with less of a political risk.

Senate Democrats Plan to Pay for Jobs Bill With Millionaire Tax Increase

Senate Republican leader Mitch McConnell

McConnell said he was ready for an immediate vote on the bill, even though he opposes it. Reading aloud on the Senate floor from a copy of Obama’s speech, he said, “I do think the president makes an important point that he is entitled to a vote.”

The request was blocked by Reid, who called it a “political stunt” and said he would make sure the bill comes to the floor this month. Aboard Air Force One, White House press secretary Jay Carney accused Republicans of gamesmanship.

The parliamentary dance aside, the day’s events underscored that, as submitted by the White House, Obama’s bill would not only fail in the Republican-controlled House, but faced enough opposition from Democrats to endanger its prospects in the Senate, as well.

“There’s the good, the bad and the ugly. The ugly was $447 billion,” Sen. Joe Manchin, D-W.Va., said of the bill’s price tag.

Democrats said Reid‘s proposed millionaires’ surtax was designed to quell much if not all of the opposition from his own rank and file.

The first request troubles Democratic senators from states like New York, New Jersey and California, where large numbers of families could be hit by the increase. The second has drawn opposition most prominently from Louisiana Sen. Mary Landrieu, whose state is home to numerous oil and gas operations.

The president also proposed higher taxes on hedge fund managers and corporate jet owners, but those increases, too, would disappear under the changes Reid is expected to unveil as early as Wednesday.

In political terms, Democrats appear to be hoping that Republicans will oppose both the higher taxes on million-dollar earners and the president’s call for new spending aimed at reducing joblessness, thus leaving themselves open to a charge of protecting the wealthy at the expense of the unemployed.

Reid’s office declined to comment on the emerging plan for a higher tax on millionaires, but several Democrats said it was being drafted to cover the entire $447 billion cost of the legislation.

Reid predicted that by the time the jobs bill comes to the Senate floor, almost all Democrats would be behind it.

While Republican lawmakers appear receptive to tax cuts the president has called for, they have expressed strong opposition to his proposed new spending.

Comments (95)

1 2 3
  • Buck Shane
    Posted on October 5, 2011 at 3:07pm

    @ ChristWarrior
    I don’t know if you were aiming at me, but if you were, good can be defined by the Ten Commandments, and the Golden Rule.
    People who study and learn do well. e.g. Doctors, Lawyers
    People who work hard do well. e.g. Builders, Farmers
    People who are honest do well. e.g. Bankers
    People who help other do well, e.g. Teachers, Police
    Are you suggesting that the people who do well should support the uneducated, lazy, dishonest, selfish people?

    Report Post » Buck Shane  
    • the hawk
      Posted on October 5, 2011 at 8:44pm

      Sorry ,
      But Bankers, Cops, Lawyers, builders……..65% SELF SERVING ! ! !

      Report Post »  
    • Buck Shane
      Posted on October 6, 2011 at 10:28am

      @ the hawk
      That’s the point. People who try to improve themselves. They improve their lot and support their families. They are not as much “self serving” as they are autonomous. They are not a burden on anybody because the work, study, and try. Why should they have to support the people who do none of those things.

      Report Post » Buck Shane  
  • geonj
    Posted on October 5, 2011 at 2:52pm

    so the senate dems get to play politics with the economy. let’s see where msnbc lands on this.

    Report Post » geonj  
  • TexPat
    Posted on October 5, 2011 at 2:42pm

    Never happen. You will be paying for it. They lie, lie and then lie.

    Report Post »  
    • the hawk
      Posted on October 5, 2011 at 8:50pm

      I don’t think theres a snowballs chance in Arizona A BILL OR tHAT BILL EVER PASSES
      Though I do agree with Roseann’s If you make 100 million $yr. the Government sould Take the rest !

      Report Post »  
    • Bum thrower
      Posted on October 5, 2011 at 9:24pm

      How ’bout the Unions paying ‘their fair share’? They don’t pay ANY taxes…so tell me about that Hmmmmmm?

      Report Post »  
  • IMCHRISTIAN
    Posted on October 5, 2011 at 2:40pm

    The President thinks writing off the bad debts of investments, that were not authorized by the people, are just pennies. He is breaking the country and still wants more. He or his wife does not care about this country. Take expensive vacations and the Pres is spending all his time running down Republicans with lies. God love truth sayers not liars. We do not need any tax increases we need private sector jobs to save the life of this country. As we have said before if there is any bridges that are ready to fall they should let us know which ones so we are not injured. Scrap all plans for green energy except what we have been doing all along without governments help until we get back on track (no pun intended”)

    Report Post »  
  • jrcess
    Posted on October 5, 2011 at 2:32pm

    Harry Reid is a crook, makes Burney Madoff look like a choir boy.

    Report Post »  
    • MIBUGNU2
      Posted on October 5, 2011 at 2:48pm

      “TEEEE, HEE, HEE, I got them Republicans backs against
      the wall, now” !! Prince Harry. HEE,HEE !!

      Report Post » MIBUGNU2  
  • riseandshine
    Posted on October 5, 2011 at 2:21pm

    Tax and spend….borrow and spend…spend and borrow….spend some more…tax some more….spend spend spend………crunch!!

    Report Post » riseandshine  
    • MIBUGNU2
      Posted on October 5, 2011 at 3:02pm

      Then Speaker Pelosi and Reid set all time record’s for spending during
      the 110th and 111th Congress..Obummer never mentiones this fact..
      The so called problems Obama “Inherited” were not totaly Bushe’s
      fault…These two Little Worm’s had a lot to do with the PROBLEM….
      and Obama was in office for 2 years during the 111th Congress,
      the Three of them took 500 BILLION $$$$ out of MediCare……..

      http://www.cnsnews.com/news/article/111th-congress-added-more-debt-first-100

      Report Post » MIBUGNU2  
    • platitude
      Posted on October 6, 2011 at 2:17am

      Haven’t we learned that when you lower taxes, the “job creators” will hire. I mean just look at all of the jobs the bush tax cuts created.

      its a sham. You are all being duped by the royal class

      Report Post » platitude  
  • dlbrooksii
    Posted on October 5, 2011 at 2:20pm

    Apparently Hustlin’ Harry missed civics class. Revenue bills must start in the House of Representatives, you know the one they no longer control. That means the House has to agree to add it to the original bill. Not a chance!.

    This is gamesmanship, and not a good one at that. It has no intent of actual passage.

    Report Post » dlbrooksii  
  • 1TrueOne55
    Posted on October 5, 2011 at 2:07pm

    5% Tax on the Rich? Didn’t we already do that? It was called the Progressive Federal Income Tax Act of what year… I remember that Tax was aimed at the Ultra Rich in that day and only the Ultra Rich. Why did I have to pay that tax as a Union Worker in the 1980′s??? The Democrats must be smoking Crack like the President did in College… since they can’t remember that we already have a tax system that was designed to Tax the rich and only the rich… Or he is channelling FDR’s financial advisor…

    Report Post » 1TrueOne55  
  • cemerius
    Posted on October 5, 2011 at 2:07pm

    ha ha ha ha STUPID abounds in America today :( Didn’t the “man-child“ in the Whitehouse say ”pass the jobs bill it’s already paid for”??????? Why are we having debates on additional taxes? Tax the Rich! and the poor? “let them eat cake”

    Report Post » cemerius  
  • tobywil2
    Posted on October 5, 2011 at 2:06pm

    Which of these two cartoons do you believe best describes the Obama stimulus plan?

    http://commonsense21c.com/images/STIMULUS_PLAN2.jpg

    http://commonsense21c.com/images/stimulus_plan-2.jpg

    Report Post » tobywil2  
  • lukerw
    Posted on October 5, 2011 at 2:05pm

    I have never, before, witnessed, a Suicide!

    Report Post » lukerw  
  • tobywil2
    Posted on October 5, 2011 at 2:04pm

    The purpose of the economy is to create the wealth required to sustain and enhance our lives. To stimulate the economy, one must increase the production of wealth. To claim to stimulate the economy by providing jobs shows the basic misunderstanding of the economic system. Jobs require the use of energy and material. If the jobs failed to produce more wealth than they consume the economy is placed in decline and there are less goods and services available to sustain and enhance our lives. It is much better to pay someone to stay home than to have them work at a job that consumes wealth.

    President Obama tries to sell his stimulus plans with the claim that the program will create jobs. This is his third stimulus program since becoming President. The first two were dismal failures that consumed wealth and even failed to provide many “make work” jobs. The only real result from the first two stimulus programs was transfer of wealth to Mr. Obama’s political cronies and increase in government regulations that increase the cost of actually creating wealth. Consuming and destroying wealth without economic activity to replace that wealth is a sure way to create an economic crisis.

    Of course, not everyone favors the creation of wealth. The “Global Warming Scam” predicts disaster if we continue to use our natural resources. Those who would profit from this scam discourage the creation of wealth.

    Report Post » tobywil2  
  • donflow
    Posted on October 5, 2011 at 2:00pm

    Well let’s see, to pay for the $447B price tag, you need about 9M people earning over $1M per year. In the US there’s 80,000 that earn over $1M/year Mmmmm…

    Report Post »  
    • edcoil
      Posted on October 5, 2011 at 2:01pm

      The 447 bills bill already had 1.5 Trillion in new taxes.

      Report Post »  
  • ejbonk
    Posted on October 5, 2011 at 1:54pm

    This is the Dumbist thing so far. The Rich and the Uber Rich can find loop hole,off-shore investments ,banked in off-shore accounts and never bring it into the US. That creates jobs overseas,but not in the U.S. For U.S.Income the Tax Lawyers make sure they avoid paying less than 2% Tax. Just Like General Electric,These Democras are SO STUPID. Herman Cain has it Right Throw out the present Tax Code and START OVER with a Flat Tax. Herman Cain say 9%,I say 10% Mr. Cain say a 9% National Sales Tax,I say 2% Mr.Cain says 9% Corp. Tax,I say 10%.I say cancel all Trade Agreements and a 55% IMPORT Tax.That make companies like G.E. build things here and hire U.S. Employees. Why in the name of God should ,We lower Our Standard of living to that of the 3rd World.No more Capital Gains,No more Gift Tax,No more Inheritance Tax. The U.S. Economy will Bloom and then add to that Curbing the EPA and the The U.S.Depart. of Labor.Those 2 Dogs need to be House Broken.

    Report Post »  
    • cemerius
      Posted on October 5, 2011 at 2:04pm

      National sales tax yes NO MORE income taxes!! Corp Tax sure go ahead! If you ask for a “10% National Sales Tax”, imagine the Taxes on a new car purchase! Of course by removing my 15% income tax I can live with this, take out the politics of taxes and MAKE a US Constitutional amendment that the Nat Sales Tax can NOT be raised EVER!

      Report Post » cemerius  
    • ChristWarrior
      Posted on October 5, 2011 at 2:42pm

      So no accountability for the uber rich, just submission to their whims? Let them rip off the country that made their wealth possible simply because you think that they will figure out ways around any effort to hold them accountable? Wow? What did you do with your teenagers?

      Report Post »  
  • Mandors
    Posted on October 5, 2011 at 1:53pm

    Tax and spend, it’s like the Dems have turrets syndrome. Also, why is no one talking about the poison pill for charities, schools and hospitals? The cap on non profit income? It means that private hospitals, clinics, schools for the blind and deaf, etc., will see their borrowing costs skyrocket.

    Report Post » Mandors  
  • wildwood
    Posted on October 5, 2011 at 1:47pm

    It will never fly, the corrupt democrats care more about being reelected!!
    A flock of them will find themselves packing in 2012!!!

    Report Post »  
  • SpankDaMonkey
    Posted on October 5, 2011 at 1:47pm

    .
    Are they going to exempt themselves from this tax? What about all those football and basketball millionaires, Rapers, Actors, Bankers they gonna get a waiver?…………

    Report Post » SpankDaMonkey  
  • TSUNAMI-22
    Posted on October 5, 2011 at 1:47pm

    All the republicans have to do is say NO to everything until after the election.

    Only losers compromise. Winners never compromise – that‘s why they’re called winners.

    Frustrating to democrats, I bet. :)

    Report Post »  
    • encinom
      Posted on October 5, 2011 at 1:55pm

      Great way to lead, basically act like a spoiled, rich baby and take your toys home. The onlygood thing is that the rest of the nation will see the GOP for what they truly are, as the democrats attempt to fix the mess that thirty years of Republican hand outs to the wealthy caused.

      Report Post »  
    • Buck Shane
      Posted on October 5, 2011 at 2:07pm

      If good compromises with evil, only evil wins.

      Report Post » Buck Shane  
    • Buck Shane
      Posted on October 5, 2011 at 2:23pm

      @ encinom
      You appear to be laboring under a misconception.
      Almost nobody that I have read on this site is pro-corruption. If you read the comments on this site, the majority want problems solved, no matter who caused them.
      There are two common Liberal arguments.
      1. Bush (or the Republicans) did it wrong, so we should be allowed to, too.
      2. No we didn’t, but so did Bush.

      Do you only want the problems that the Republicans created solved?

      Report Post » Buck Shane  
    • ChristWarrior
      Posted on October 5, 2011 at 2:28pm

      That’s easy. Eveything other than your view is evil. Good way to keep you on a leash for your authoritarian masters who spin you around at their ideological whim. Not very good for our grandchildren if we surrender our democracy to the billionaires who whipsaw their dogmatized righties into “their way or the highway.” Fundamentalism, dogma, black and white moral reasoning is good for the masters (and in child development for parents raising 2-year olds, but you’re supposed to grow beyond it), but not for free-thinking human beings trying to work together on this beautiful planet.

      Report Post »  
    • TSUNAMI-22
      Posted on October 5, 2011 at 2:30pm

      @ encinom

      The onlygood thing is that the rest of the nation will see the GOP for what they truly are, as the democrats attempt to fix the mess that thirty years of Republican hand outs to the wealthy caused.
      ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
      It’s not about Democrats and the GOP anymore. It’s about Liberal vs. Conservative.

      Marxism doesn’t work. Until the threat of it goes away, the economy will continue to witness stagnation and atrophy. Conservatives, business owners, entrepreneurs, lending institutions, and any other form of capitalist understands this and won’t risk any outlay of risk until the atmosphere changes to one that is opportunistic. The democrats hate competition and love to destroy capitalism in any form or fashion. The GOP, through the TEA Party is realizing this and is trying to stop the destruction being imposed by the dems.

      News flash – it’s working.

      Encinomom – Don’t hate,…….. congratulate. :)

      Report Post »  
    • ChristWarrior
      Posted on October 5, 2011 at 2:51pm

      I can assure you that your fiction of dems hating competition, or your fear-based fantasy of Marxism, is not what informs liberals that I know. I see a love of competition, with honor, because honor protects the children and their future from those who turn competition into exploitation or violence. Competition without honor leads to spite, vengefulness, and violence. Not good for the kids future. So put your judgments in context please. The issue facing our economy is simple: it is a demand side crisis driven by falliung demand as consumer wages and income were stagnant under Bush years, both public and private debt increased (fostering the illusioon of prosperity). No demand, no economic growth. Simple. DO the research and see that surveys of business owners report this: demand is down.

      Report Post »  
    • TSUNAMI-22
      Posted on October 5, 2011 at 3:35pm

      @ ChristWarrior

      by the way, I meant to say that Liberals hate competition. They despise anyone that has an advantage through whatever or however that advantage comes from. It seems to me that Liberals stifle anyone or anything that is successful or might become successful. They love fairness and shared misery.

      Look how they treated the young kid who played football. The kid is obviously a natural talent. Instead of rewarding the kid with praise and encouragement, they stifled his progress. Destroy the successful kid and send a message to the other kids that motivation to be better doesn’t pay off.

      Liberalism IS a mental disorder and it’s contagious. The public school system seems to be the petree dish.

      Report Post »  
    • cknapp
      Posted on October 5, 2011 at 4:49pm

      Leaders do not compromise, that is what makes them leaders. Leaders do what is right, popular or not, they are not trying to be loved by everyone. They have a morale compass, know right from wrong, are confident in their abilities and those of who they have trained and lead. I am 50, serving my 23rd consecutive year in the Army. People know a leader when they see one.

      Craig Knapp
      Age 50

      Report Post »  
    • Blackhawk1
      Posted on October 5, 2011 at 4:52pm

      I like how the mindless liberals here are upset at “Only losers compromise. Winners never compromise – that‘s why they’re called winners.” Especially after Obama and Pelosi both told the Republicans after the 2008 election that they get it their way because they won. Here is Pelosi’s exact words ““Yes, we wrote the bill. Yes, we won the election.” In the meeting with Republican leaders over the Stimulus Bill Obama also said during the meeting “I Won” Well guess what liberals, in 2010 the conservatives won and will again in 2012. So sit down and shut up and let the adults (Conservatives) straighten out your mess once again. This is going to be like 1995 all over again with the exception that the president will get thrown out with all the other useless liberals.

      Report Post » Blackhawk1  
    • Blackhawk1
      Posted on October 5, 2011 at 4:58pm

      ChristWarrior

      I know your a liberal but try to understand we do not live in a Democracy, we live in a Representative Republic. There is a big difference. Also don’t worry about our grandkids future because Obama is seeing to it that it will not include any wealth for them.

      Report Post » Blackhawk1  
    • TSUNAMI-22
      Posted on October 5, 2011 at 5:24pm

      @ cknapp

      Any time I am made aware of anyone in the service I always try to show some sort of thanks.

      Thank you for your service!

      Report Post »  
    • MHP
      Posted on October 6, 2011 at 10:13pm

      encinom

      You don‘t know what the hell what yiou’re talking about.

      You commies are on the road out the door, especially when we kick out the coon in 2012

      Report Post » MHP  
  • ReadItToday
    Posted on October 5, 2011 at 1:42pm

    After reading this today I’m not sure what to believe
    http://BiggestCoverUp.blogspot.com/

    Report Post »  
    • vennoye
      Posted on October 5, 2011 at 2:00pm

      I’ve seen you post this on several topics since yesterday……you know, I read it the first time you posted it. My response to you is HOGWASH!!!! Do we have bad people in our government, absolutely…….your link is just a rabbit trail off topic!

      Report Post » vennoye  
    • Anonymous T. Irrelevant
      Posted on October 5, 2011 at 2:06pm

      Doesn’t it have to be passed by Congress first? The jobs bill is dead in Congress, how can the Senate be re-writing a bill that hasn’t even been passed or voted on yet?

      Report Post » Anonymous T. Irrelevant  
  • Dustyluv
    Posted on October 5, 2011 at 1:40pm

    Ali Babba and his 100 thieves.

    Report Post »  
    • MIBUGNU2
      Posted on October 5, 2011 at 3:15pm

      Then Speaker Pelosi and Reid set all time record’s for spending during
      the 110th and 111th Congress..Obummer never mentiones this fact..
      The so called problems Obama “Inherited” were not totaly Bushe’s
      fault…These two Little Worm’s had a lot to do with the PROBLEM….
      and Obama was in office for 2 years during the 111th Congress,
      the Three of them took 500 BILLION $$$$ out of MediCare to
      fund ObamaCare..These POS have no conscience.. WE PAY !!

      http://www.cnsnews.com/news/article/111th-congress-added-more-debt-first-100

      Report Post » MIBUGNU2  
  • johnpaulkuchtajr
    Posted on October 5, 2011 at 1:40pm

    Nobody is talking about the $15 BILLION contained in the “Jobs Bill” that is earmarked for “housing counseling.”

    Let’s see. Which organization do we know that rose from the ashes of ACORN? Oh, yeah, that would be AHCOA. Congress cut-off all federal funding for ACORN for things like offering to pursue funding for an undercover journalist who told ACORN that he wanted to establish brothels staffed by illegal minor girls. Yeah, that ACORN. The staff of AHCOA is largely old ACORN hands.

    Don’t all of you want to see Congress act quickly to pass this “Jobs Bill” so that your tax money (future debt) can go to support child rape? Come on, your President wants this bill to pass. Can’t you all see that the President needs you to call your congressional representatives to demand this bill is passed into law?

    Or, you can remember to “Take out the trash in November 2012.”

    Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on October 5, 2011 at 1:38pm

    Reid and the other Democrats are planning to pay for this mess of a farcical fantasy with a tax increase on the job makers of the nation? What they need to be saying is, this is just the tax we are telling you of, there are graft, bribery, pork and hidden taxes across the board hidden away within it.

    Report Post » Snowleopard {gallery of cat folks}  
    • chfields62
      Posted on October 5, 2011 at 2:00pm

      I love how they say they want people to pay their fair share when 50% of the people pay 0 taxes, how about their fair share???

      Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on October 5, 2011 at 2:54pm

      @CHField — Indeed, now mind you, I am among those who live near or below the poverty line due to physical injuries and disabilities over the years; yet I still am striving for the day I can find or make the living I desire happen with my own efforts and hands.

      And yes, even as little funds I have, I would be willing to pay something to show that everyone is paying their part. Right now, its taken me six months to get a decent computer, printer and start making advertising to type research and term papers for the local college students…its a beginning, and if this does not work out, I figure out the next plan to shoot for.

      Report Post » Snowleopard {gallery of cat folks}  
  • Dragonfly92667
    Posted on October 5, 2011 at 1:34pm

    What flaming MORONS!

    Report Post » Dragonfly92667  
  • loriann12
    Posted on October 5, 2011 at 1:33pm

    Well, of course the Dems support that. They know business owners will likely pass that on to consumers, and voile…they have their tax raise on middle class. A flat tax rate like Herman Cain’s 9 9 9 plan would totally eliminate all this problem. The middle class wouldn’t be affected much, EVERYONE below poverty level will pay something, not depending on how many kids you have (therefore deductions) or the fact that you need all those kids watched by government approved child care so a single parent can work part time, thus qualifiying for the “did someone have to watch your child so you could work” deduction, only deduction is charitable contributions, and it’s not dollar for dollar.

    Report Post »  
    • CatB
      Posted on October 5, 2011 at 1:40pm

      I agree .. Cain is the only one offering a REAL solution. Enough of these threats and theft by the Federal Government .. businesses and individuals can NOT plan anything with this uncertainty.

      TEA!

      Cain/Rubio 2012

      Report Post »  
    • Buck Shane
      Posted on October 5, 2011 at 1:53pm

      You who work, build, create, make, operate, invest, and risk, should work, build, create, make, operate, invest, and risk. Then, we’ll decide who to give the profit from what you do, to.
      Why does that upset you? Aren’t you a patriot? You must be a rasist.

      Report Post » Buck Shane  
    • SamIamTwo
      Posted on October 5, 2011 at 1:53pm

      I’m not so sure the 999 plan will resolve anything. It will cause me to sell my house if it is what I think it is…a lot of fixed income people will be pushed down, if it is what I think it is…and the rich, well they will pay less, if it is what I think it is.

      I went to his web site ( http://www.hermancain.com/999plan ) and there are only two deductibles under the 999 plan. Charity and living in an Empowerment Zone…you can google empowerment zone and see if you live in one to take the deduction.

      Anyhoo, if he is elected I think (without further details from Cain) we will sell the home and move to an empowerment zone. We were middle class and became lower middle but under this 999 plan it appears I will be in the upper lower class.

      He better explain it now since he is a front runner…the media is coming on strong about his plan.

      http://www.bloomberg.com/news/2011-10-05/cain-s-9-9-9-math-raises-questions-on-generating-enough-revenue.html

      Report Post » SamIamTwo  
  • IAMMADDOG
    Posted on October 5, 2011 at 1:33pm

    In other words they plan on paying for it with the blood of hardworking Americans. AND we still will have no jobs.

    Report Post »  
    • ChristWarrior
      Posted on October 5, 2011 at 1:59pm

      Like the way that the Koch brothers shed over 20,000 jobs while thier personal wealth grew by about 300% since 2005? More capital for the uber-rich = jobs for you? Are you kidding? You buy that line of bull, cuz is not supported with facts. The rich pay a lower share of taxes than they have in 60 years, their share of wealth and income is higher than in 1929… so where are the jobs? DO you see a flaw in your reasoning?

      Report Post »  
    • Blackhawk1
      Posted on October 5, 2011 at 5:14pm

      ChristWarrior

      I notice you liberals always bring up the Koch Brothers but ignore Obama’s jobs czar. Well let me be the one to inform you of the FACTS which I know you liberals just hate,

      At the end of 2000, GE employed 313,000 people, including 168,000 in the U.S. (54%). By the start of 2010, when the company filed its most recent annual report, GE had 304,000 workers, including 134,000 in the U.S. (44%).

      It would appear that the uber-liberal heading GE has dumped 34.000 jobs. Not to mention Immelt boosted his total compensation 188 percent last year while shareholder returns lagged behind the median performance of similar firms. Sounds like he is screwing the shareholders while filling his pockets while he can.

      So where are all the jobs the liberals say they are creating? DO you see a flaw in your reasoning? Hypocrite!

      Report Post » Blackhawk1  
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Restoring Love