Senate’s GOP Leader Says Tax Cuts Will Be Extended for Everyone
- Posted on December 5, 2010 at 11:12am by
Scott Baker
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WASHINGTON (AP) — The Senate Republican leader says it’s become clear now that taxes will not be raised for anyone during the current economic downturn.
Sen. Mitch McConnell’s assessment comes a day after Senate Republicans voted down Democratic efforts to limit any extension of the Bush-era tax cuts for the top-earning Americans.
President Barack Obama then signaled a willingness to give in to Republican demands that the tax cuts that expire at the end of the year be extended at all levels.
McConnell, R-Ky., tells NBC’s “Meet the Press” that the question on tax cuts is how long they might be extended.
On the issue of aid to jobless Americans, McConnell says he believes that unemployment compensation will be extended again.
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Comments (140)
TonyDarrington
Posted on December 5, 2010 at 12:47pmI say raise taxes. Not enough everyday Americans have felt the pain of these policies. That is why Mr. Obama still has 50% approval ratings. Americans don’t act until their everyday lives are affected directly. The few of us can scream at the top of our lungs, but until Joe American can’t go to Best Buy and grab a 52″ tv for Christmas, we don’t stand a chance.
The hard part is walking the fine line between bringing Americans to reality, and allowing them to be swayed by the propaganda that more government involvement is needed.
I fear that the press will be swayed only when freedom of the press is taken away, and they can no longer speak out.
“Those who have had known freedom and lost it, have never known it again.” -Regan
abc
Posted on December 5, 2010 at 6:02pmFinally, a voice of reason. And I thought the entire group of Republicans in this country had lost their mind, saying they wanted change but then were happy to go back to the policies of Reagan and Bush (undertax and overspend) that have led to our fiscal woes in the first place. Finally, someone who understands that you have to take only what you’ve paid for, and you cannot pay for less than what you are currently receiving. You want to lower your taxes, then first you cut your spending. You don’t get to do it the other way around in the private sector, but Republicans like running up the credit card and sending the bills to their grandkids. That they refuse to find the funding to support tax cuts, arguing that they never should have to is silly. Our debt holders do not care whether we default because spending was too high or taxes were too low. they only care that they are paid. TonyDarrington is the only conservative on this site that actually understands this. What is the excuse for the rest of you?? Why are you all so foolish and your thinking so muddled???
Report Post »M31Sailor
Posted on December 5, 2010 at 7:54pmThis idiot ABC dosen’t know sarcasm when someone reads it to him/her/it
Report Post »drgonz
Posted on December 6, 2010 at 2:20amI hate to break it to M31 but ABC is the only voice of reason I’ve seen on this site. Anyone who truly believes that the superrich need this tax break or that Pres. Obama has anything but the best interests of the American people on his mind deserves to watch hours of Glen Beck.. Did everyone shut off their brains for the past 8 years while Bush and Cheney raped our country? It seems everyone hear is so rusty in the thinking department that they resort to parroting illogical faux news infotainment. Wake up, the country is laughing at you
Report Post »DSTSS2010
Posted on December 5, 2010 at 12:35pmUntil the House is under Republican control in January we have to do what it takes to minimize the damage. The House will still have to fight the Senate and the President after that. It’s an uphill battle until 2012 at the very least. When the Progressives (Democrat and Republican) are gone, only then can we hope to rebuild this Country. LESS GOVERNMENT=MORE FREEDOM!
Report Post »shannonals
Posted on December 5, 2010 at 1:33pmYou don’t honestly believe that the GOP taking over will solve anything do you? I have no faith in either party, all they are concerned about is padding their own pockets at our expense.
Report Post »abc
Posted on December 5, 2010 at 5:58pmMore freedom = GOP leaving our grandkids with lots of debt. Nobody serious about the debt would call for renewing tax cuts on anyone, but the middle class needs them to keep the US from falling back into recession. Rich guy tax cuts are not needed for this task, so they should not be renewed now, with middle class taxes rising in three years. I’ve waited for my Republican friends to produce a spending plan that eliminates deficits and generates sufficient surpluses so we do not pass the debt onto our kids and grandkids, but to no avail. No such plan exists. So taxes must rise. For the rich now. For everyone else later. There is no other way. And the fools who claim to support the Tea Parties, but do not criticize the tax extensions are deficit hawks in name only. Beyond exploiting the issue for political gain, they’ve no idea what they are doing or saying. That is a fact.
Report Post »M31Sailor
Posted on December 5, 2010 at 9:23pmBlah, blablah, blah blah
Report Post »Reemul
Posted on December 5, 2010 at 12:18pm@M31Sailor the way you get that %50 figure down is not by raising taxes, but buy reforming and reducing the number of handouts the government gives. those people are already paying plenty in taxes but the governement is subsidising everything we do. They spend millions to educate the public on the dangers of smoking, but still give huge tobbacoo subsides. That is maddness. I only bring this up because even so called conservatives squirm when people start talking about gitting rid of specific services. politicians wont talk seriously about it untill we do. did anyone else notice how mitch squirmed when the subject of unemployment benifits came up? 99 weeks and we still cant talk seriously about cuting it off. thats a joke!
Report Post »M31Sailor
Posted on December 5, 2010 at 12:38pmMy take is that the Federal Govt should only do the militay thing and the interstate road thing. All other taxing should be done by the States where a more direct control can be effected by their citizens. I am not for raising taxes.
Sailor
Report Post »TonyDarrington
Posted on December 5, 2010 at 12:57pmYes, Sailor. The Fed is supposed to loosely connect the states. Common currency, common military, common voice for international negotiations. Everything else is reserved for the states. The Senate represents the interests of the states, the House gives the people a voice. The average Joe doesn’t care who the President is. The federal government should have no direct impact in the daily life of an individual citizen.
Report Post »The brilliance of this system is….If YOU want universal healthcare, it is designed by your state legislature. The state legislature is made up of people from your town. You know where they live, they live in the same circumstances you do. Don’t like social programs? Move to Texas. Want a nanny state? Move to California.
Why should a citizen in Indiana have a system designed by someone from San Francisco crammed down his throat.
abc
Posted on December 5, 2010 at 5:55pmCut government spending during a weak economy, and GDP will shrink. We are barely out of recession and you want to make drastic cuts, in order to fund tax cuts to the wealthy that do not boost economic growth. That makes a TON of sense. But thanks. I’m part of that top bracket that will pour the additional funds into my stock portfolio, thereby helping only me–not boosting spending, not boosting company capital spending and not helping to hire more workers in America. Good job!
Report Post »TonyDarrington
Posted on December 6, 2010 at 9:36amUh, ABC…I doubt you are a member of that “Top Bracket” because you would understand what putting money in your stock portfolio means. Here is some help. When you buy a stock, you are “buying” a piece of the company. They get the money to invest in expansion, infrastructure, research, etc. and you get a vote in how the company operates proportional to how much you own. If the government takes less of your income in taxes, and you put it in your stock portfolio, you are “stimulating” the companies. Mr. Obama wants to take your money, and give it to the companies he sees fit as “stimulus” and give the government’s shares to the unions.
Report Post »TempeAZman
Posted on December 5, 2010 at 12:17pmtest post
Report Post »WISEPENNY
Posted on December 5, 2010 at 12:17pmIf Mitch is correct, I think it will be a move in the right direction, at least. The frugal, productive entrepreneurs can go forward with some confidence, meanwhile the new house majority can be going forward to untangle the economic snarl that the know it all Pelosi munchkins have blindly went along with.
Report Post »abc
Posted on December 5, 2010 at 5:52pmWisePenny has this picture in his mind of hard-working, frugal entrepreneurs being hurt by Pelosi, and all we need are Republicans running the show to make them start expanding their business and hiring again. How quaint. Except that those entrepreneurs got their you-know-what’s kicked when the financial crisis made it impossible for them to get financing, and then, as they and much larger businesses–that employ the majority of the workforce–cut back, then consumers got scared about all the debt they are carrying and they went into deep freeze. No amount of rich guy’s tax cuts are going to unfreeze the consumer, help them get out of debt faster, or otherwise give those entrepreneurs the confidence to expand their employment anytime soon. But keep telling that story. It doesn’t mesh with the facts, but it sounds good. And further‘s your party’s narrative. Always nice to help the GOP even if the stories have no truth to them. The sheeple do not know the difference.
Report Post »hamrs_62
Posted on December 5, 2010 at 12:16pmbusinesses dont pay taxes anyway, they mark up their product to pay these taxes, the consumer pays all taxes, where the problem lies is that the business has to make up their product to pay these future taxes, thusly, the american consumer can no longer afford to buy, there for creating a economic crisis, gdp goes down
Report Post »right-wing-waco
Posted on December 5, 2010 at 12:29pmOh wow, someone else that actually knows that business pays no taxes, ever. I thought I was alone.
Report Post »hamrs_62
Posted on December 5, 2010 at 12:43pmyour right,some people just dont understand,
Report Post »TOSKIMAN
Posted on December 5, 2010 at 1:53pmRight on.I call it trickle down taxes.
Report Post »abc
Posted on December 5, 2010 at 5:48pmSo, by that logic, the US economy is in recession because taxes are too high. So, how do you explain the fact that we had 5-7% GDP growth in the 50s and 60s when taxes were much, much higher than they are today? How do you explain how the Clinton tax rates, which were higher than Bush and slightly higher than Reagan, nonetheless generated faster GDP growth than either Republican President? Why is it that no economist can define mathematically nor precisely the relationship between tax rates and GDP growth in an economy? But you, who have far less expertise than our leading economists, can reduce the entire question of GDP growth to the observation that taxes are too d**n high… Wow. I’m in awe at your genius.
Report Post »Gas137
Posted on December 5, 2010 at 12:13pmWell, the Republicans are showing their power. But, the tactics are a bit scary. What if President Obama and the Dems call their bluff?
Report Post »right-wing-waco
Posted on December 5, 2010 at 12:07pmWe do NOT have a revenue problem. We have a spending problem. If we just abolish the Department of un-Education, DOE, DOA, XYZ, and about 200 other illegal (unconstitutional) freedom killing, tax-eating, wasteful agencies, we would not need an income tax. MR. PRESIDENT, STOP THE SPENDING.
Report Post »hamrs_62
Posted on December 5, 2010 at 12:19pmyou got that right
Report Post »eyestoseeearstohear
Posted on December 5, 2010 at 12:38pmAgree!
Report Post »M31Sailor
Posted on December 5, 2010 at 12:07pmNow the 99er’s become what? 151er‘s 300er’s A new entitlement class becomes a permanent entitlement constituent voting bloc for the Democraps.
Report Post »TXPilot
Posted on December 5, 2010 at 12:35pmYou have it right M31SAILOR, handouts, political favors and class targeted legislation like the “dream act”, are all about buying votes, dividing Americans and keeping the traitors in their comfy positions of power. I wonder if/when a time will come, when the majority of people in this country will realize that they are being lied to and bribed?
Report Post »seeker9
Posted on December 5, 2010 at 12:05pmReid is a jerk. Unemployment was low until Dem control. Unemployment is now high because of health care democratic policies. They raised min wage, threaten tax increases, and passed health care. Raise the cost of employing some one, you get fewer employed.
Report Post »abc
Posted on December 5, 2010 at 5:45pmSeeker, unemployment expoded after the financial crisis, which has little to do with Obama’s health care reform, which hasn’t even been implemented yet. How dumb are you?
Report Post »seeker9
Posted on December 5, 2010 at 6:09pmNot too dumb. Business plans ahead you know. They anticipate the costs. Care to delve in to the financial crisis? Start with the CRA and NINJA loans.
Report Post »love the kids
Posted on December 5, 2010 at 12:05pmThey will not be extended, Obama will not let that happen. That is because Soro’s is on record saying taxes should go up on everyone. I don’t think Obama wants to upset his boss.
Report Post »AFVET
Posted on December 5, 2010 at 11:58amJust the elimination of some degree of uncertainty should give potential employers the faith to be able to expand their businesses.
Report Post »I have great expectations that the new congress will take the country back from out of control socialist style spending.
The redundancy of the agencies that rule this country through onerous regulations will be starved.
Obama’s czars will find their paycheck eliminated, especially the ones Barry pushed through during recesses.
The confidence we hold in the new congress will be tried in the results they promised US.
abc
Posted on December 5, 2010 at 5:43pmFirst, the uncertainty has been there for ten years, so how that has frozen businesses is beyond me. And if they raised the rates back up that would end uncertainty too, so why is this outcome of extending them for three years ending uncertainty? Do you even think about the logic of your comments? Second, the redundancy of government offices and czars is less than 5% of the deficit, so if you are banking on keeping taxes this low and cutting only that, then you are deluding yourself about closing the deficit and cutting the debt. Your math–if you even know how to run the numbers–is so off it is scary. Finally, the “socialist” spending occuring in the last three years is related to the deep recession. Paying unemployment benefits or helping to keep state and municipal governments afloat during very tough times is necessary to avoid a total depression. That you do not understand this, but only think in terms of meaningless rhetoric is pretty sad. Bush added far more to the debt than Obama, and he did so when times were much better economically. If raising taxes is bad during a weak economy, then so is cutting spending that helps keep the economy afloat. The hypocrisy of supporting one and not the other makes the GOP and people here so obvious. Only fools cannot see it.
Report Post »Star Spangled
Posted on December 5, 2010 at 11:58am” McConnell says he believes that unemployment compensation will be extended again. ”
Because that’s the DEAL you made with Obama to get the extension on the tax cuts !
This is Crap ! Same old “Go along to get along” CRAP ! Where’s the Tea Party ? Is THIS what we voted for ? More Deals ??
Report Post »This is BS !
republitarian
Posted on December 5, 2010 at 12:47pmAn interesting choice of words. Note that he did not say he thought that they SHOULD be extended. You’re right, they made a deal. I hope they don‘t think we’re not watching. That said, it might be a good deal. Otherwise they’ll have to deal with “REPUBLICANS WANT TO KICK PEOPLE OUT OF THEIR HOMES AT CHRISTMAS!” That’s right. Now religion matters.
Report Post »abc
Posted on December 5, 2010 at 5:36pmHey moron. The Tea Party protested the deficits and the debt. That was the point of all the signs saying that they don’t want to have to submit to china or saddle their kids with debt. But if you undertax, then you have a deficit too. So the Tea Party movement should be complaining that the tax cuts are being extended when such extension is going to expand the debt by $4 trillion. Ryan and the rest of the young guns in the GOP cannot find enough cuts in their wildest dreams to cover that $4 trillion, much less all the damage done by Bush and the recession he left Obama. At th end of the day, the Chinese debt holders do not care whether we fail to pay up because we overspent or undertaxed, but you seem to think that they’ll forgive our debt if we undertax and cut spending. You might want to think through that one again. You look like a moron making such ignorant arguments.
Report Post »M31Sailor
Posted on December 5, 2010 at 9:51pmBlah, blalblahblah
Report Post »GodfatherofBlog
Posted on December 5, 2010 at 11:55amThis should be the calming affect we need to keep the Market steady. If the taxes are increased then the Market would collapse. Way to go Mitch~!!!
Report Post »abc
Posted on December 5, 2010 at 5:32pmExactly. Kick that can down the road. In three years a lot of rich people can bail to the BVI and then the stock market will really crash when the US is treated like Greece. Good idea. Live for the moment. Make up nonsense stories about class warfare and let the underlying deficit problem, which only a tax hike can solve, fester for a few more years. Nice logic. I’ll see you down in the BVI in a couple of years.
Report Post »WISEPENNY
Posted on December 5, 2010 at 11:54amI say Bravo! Now if Bill Gates and Warren Buffet really DON‘T mind if they would have had to pay higher taxes if they don’t get extended and the higher rates were to go into effect across the board, why don‘t those generous chaps bring up a resolution at the next Billionaire’s Club meeting to divvy up to pay for the unemployment extension “earmark”. What’s 13 or 14 Billion to those guys, collectively, anyway? That way little Timmy gets new shoes for Christmas and the Gate Foundation gets due credit for one more generous act of social compassion. What say ye Merry Gentlemen? Are you really willing to put your money where your mouth is?
Report Post »abc
Posted on December 5, 2010 at 5:30pmWhen the US is next attacked, WisePenny, I expect you to send two of your kids to the front lines so I can opt my kids out. What a bunch of bull. Nobody likes to pay taxes, but we all have to. And we set the required levels such that we do not incur deficits. That you want us to rely on the charity of liberal billionaires to bail out your underpayments, which their entire wealth cannot cover (and your suggestion that it would shows how mentally and numerically challenged you are!!), suggests that you are not serious about the deficit, just about the fun game of calling the left names. Hurling epithets is fun, but without any real data to support your case, you look like a fool doing it. So hurl away. Confirm our suspicions of your idiocy.
Report Post »bobodu
Posted on December 5, 2010 at 11:52amBig deal….when was the last time you heard of a rich person cashing a paycheck? I know you all have been spoon fed your own brand of copybook headings, but the poor and middle classes did not cause this recession. Wealthy people will make money ( or more correctly TAKE money ) even in the worst of times. If I had the loot, I’d buy up eight or twenty of your foreclosed homes to sit on.
Report Post »psst
Posted on December 5, 2010 at 11:44amThe constantly increasing un-employment is BS.
I have read many stories where some 99ers will absolutely not look for work or take something less than they want.
But to get back to equality, why not really extend unemployment benefits until death?
After-all, many lemming plantation dwellers have been on some kinds of federal dole for generations, In fact, they pass on their government estate/family heirloom from generation to generation.
I say. Lets All get government unemployment checks until death.
Ok. facing reality. Since Hussein’s the marxist and his commissars policies will not create many new jobs, we should go ahead and increase the time limit on unemployment until the new President and new Senate takes office in 013.
Report Post »That is, if US can last that long.
ChuCloud
Posted on December 5, 2010 at 1:14pmHow can we expect the unemployed to bounce back while they are spoon-fed unassurance of the future of their careers? I, currently unemployed 14 months, have finally accepted that an honest living is more important than waiting for the eyes of the beholder. Hand-outs are great way to stay affloat, but at what point will that ship stay at bay as the rest of us sink in uncertainty. That ship will soon set sail, and the reality that I now face will be a more vicious blow, as the unemployed, chained to thier handout cylindar blocks, will sink and be forgotten on bottom of the welfare floor.
Report Post »abc
Posted on December 5, 2010 at 5:27pmI have heard that PSST is a brain dead idiot. And since I heard that somewhere it must be true…
Seriously, if you do not know what econometrics means, then you should just stop posting stuff about the economy. You have no idea what you are talking about. We have five people vying for every open job in America right now, and PSST stupidly wants to blame the high unemployment rate on laziness. As if suddenly, in the last three years people in the US suddenly became lazier. What a bunch of nonsense from a nearly-retarded dolt. And please do not call the President a marxist. Caving in on tax cuts for the wealthy when no intelligent economist believes it will help stimulate growth is the clearest sign that Obama is not a far-left liberal or even progressive. He is a craven politician, just like the ones that occupy the GOP. And until someone here can show me econometric data to support continued tax relief for the rich, your opinions are not worth the virtual ink you spill to make them. Facts matter. Unsupported allegation are the nonsense spewed by fools. Monkey farts are more intelligent.
Report Post »Philo Beddoe
Posted on December 5, 2010 at 11:42amUh-Oh. Here comes the Dream Act
Report Post »eyestoseeearstohear
Posted on December 5, 2010 at 12:35pmYes…
Well, you KNOW why they are for the “Dream Act”….since Obama has LOST SO MANY VOTERS…the Dream Act is a DEAL TO THE MEXICANS….FOR VOTES IN 2012.
And, BECAUSE Obama is like Blogovich said, ” He’s all Take and No Give”….Obama HAD to get something out of the Mexicans, in EXCHANGE….by saying they must attend Colege, Military, etc.
ITS STILL A DEAL….A BAD ONE….AND BUYING VOTES!
Report Post »BetterDays
Posted on December 5, 2010 at 1:19pmAnd as illegal as he double toothpicks! Just like these so called recipients of this amnesty are. Simple fact of law (immigration) If anyone cross’s into America more than once illegally, then they are felons. So how many felons does Obama really want to pardon this year, perhaps he should just release the felons presently in jail too? Frankly IF I were in prison, I would have my attorney on standby with my appeal papers at the ready over this, my reasoning, “cruel and unusual punishment”, If Obama can pardon 18 million illegal felons, what is going to stop him from flooding our streets with ready made “warrior” felons for his new “army”, straight out of our prison system?
Report Post »abc
Posted on December 5, 2010 at 5:23pmWhat a terrible idea. The Dream Act seeks to give citizenship to people who were only children when their parents brought them here illegally. I think all children should be held to the same level of accountability as adults. If my neighbor’s kid hits my son, I expect him to go to jail for six months for committing a tort. I also want to see kids executed even if they are five. This is the same logic of those that seek to punish the crimes of children who came here underage.
Report Post »M31Sailor
Posted on December 5, 2010 at 9:22pmBlah, blablah, blablah
Report Post »fordfan
Posted on December 5, 2010 at 11:39amWATCH THE OTHER HAND! When is the last time you saw obama give in so easily? If it actually works out that all cuts for everyone happens, all I can say is WAY TO GO REPUBLICANS! Sooner or later you just have to stand up for what’s right, even if it hurts a little along the way. As far as only 50% even paying taxes at all…..all I can say is FAIR TAX. Even if you are considered in a poverty situation, it would come out at the register or whenever you bought something and be proportional to your income or ability to spend and there would be no legal way out…period.
Report Post »eyestoseeearstohear
Posted on December 5, 2010 at 12:16pm@ FORDFAN
You are ABSOLUTELY RIGHT…..“Better Watch The Other Hand”, and in THIS CASE,
WE’D BETTER WATCH THE HANDS OF OBAMA, PELOSI, REID, BIDEN AND STENIE….
You’re RIGHT AGAIN about it being odd that Obama is willing to “give in”…
SOMETHING ISN’T RIGHT HERE…..
THIS JUST DOES NOT HAPPEN….
SOMETHING ELSE IS GOING ON….
Sorry for being so SKEPTICAL, but with OBAMA, it pays to remember:
“Once Burned, Lesson Learned”.
Obama DOESN’T GIVE IN NOR UP!
HE JUST BUILDS A BETTER TRAP!
If people HAVEN’T LEARNED ANYTHING ABOUT OBAMA….they should have LEARNED BY NOW…
YOU CANNOT TRUST HIM ON ANYTHING….
YOU GET SCREWED IF YOU DON’T WATCH HIM & SCREWED WHILE YOU’RE WATCHING HIM..
2012 – We MUST make a SECOND SWEEP to get THEM ALL OUT!
It MATTERS NOT on how many JOBS ARE CREATED, HOW WELL THE ECONOMY TURNS AROUND OR WHATEVER……we must do the RIGHT THING when we have the chance ( IF we have a chance to VOTE IN 2012)…..IF NOT, need I say more?
Report Post »abc
Posted on December 5, 2010 at 5:20pmObama is a terrible negotiator. He is also not a marxist. No marxist would cave into the interests of the very wealthy. If the Blaze or its bloggers write one more comment calling Barack Obama a marxist, then I’ll know it is all a show devoid of factual support. This President is about as pro-rich as they come, and Bush set the bar rather high. It has been a long time since there was an advocate in the White House for the middle class. How sad. Our country’s politics today resemble those of Latin America or the Philippines, with idiot voters supporting that descent to the realm of banana republic proudly.
Report Post »Cpriestess
Posted on December 5, 2010 at 11:36amWow! So we keep the Bush tax cuts if we spend more money the government doesn’t have on the unemployed… what a concept.
I hear Costa Rica is lovely this time of year…
Report Post »abc
Posted on December 5, 2010 at 5:17pmTax cuts must be funded as well. There is no difference from a deficit or debt standpoint between undertaxing or over spending. And our debt holders do not care whether you raise taxes or cut spending, just that you pay them back. So your argument is really silly when you think about it. Add to that the fact that unemployment checks generate a ton more GDP growth than tax cuts to the rich–an undisputed economic fact that the CBO, NBER and countless other economist groups have repeatedly shown with econometric support–and your comments make you look like a first class fool. Finally, the unemployment checks are helping families struggling to feed their kids at a time when five people are vying for every available job, and you look worse than Mr Scrooge criticizing such benefits that are otherwise going to run out just before X-mas. So you are ignorant and mean. Why should anyone listen to you??????
Report Post »Bad Thunder
Posted on December 5, 2010 at 11:34amNovember 2012 ……. 23 months and counting
Report Post »ADMIRAL747
Posted on December 5, 2010 at 11:41amWhat if the ‘enemy’ , as B.H.O. would say, wins in 2012? There are too many sheeple for overconfidence.
Report Post »abc
Posted on December 5, 2010 at 5:13pmWhat will the GOP run on? We claim to care about the deficit, but just added $1 trillion to it over the next decade or so in the service of the richest 2% that we exclusively serve? That won’t work. And now the Dems can credibly highlight that for all the Tea Parties, the conservatives that attended them were actually LYING about their concerns about the deficit. People blogging here would vote for the Republican if he was Hitler or Pol Pot incarnate, but most people are actually watching to see what Republican leaders are doing. And it isn’t very smart, but it is very familiar. Cut taxes for the rich and falsely claim that everything else will take care of itself. The time is up on that game. And most of the country, when polled, has already admitted as much. The lunatic fringe on the right is not the majority, although I love you guys because now my huge stock portfolio will grow that much faster.
Report Post »M31Sailor
Posted on December 5, 2010 at 9:20pmBlah, Blah Blah Blah blah
Report Post »M31Sailor
Posted on December 5, 2010 at 9:21pmBlah blah, blah, blah blah
Report Post »EP46
Posted on December 5, 2010 at 11:33amI heard obama was going to veto the tax Bill unless the unemployment extention Bill is added to it ??? Anyone know ??? I am really tired of this blackmail on bBills….make EACH BILL STAND ALONE and have a vote so we can see who is voting for what. Contact your Senators and tell them we want a vote on EACH Bill passed….not piggybacking one on the other. If they are important enough to vote for, they are important enough to stand alone as a separate Bill. This is how they pass insane stuff by adding it to Defense Bills, etc.
Report Post »APatriotFirst
Posted on December 5, 2010 at 11:40amTalked to Steve KIng, Iowa, on that very subject a few months ago on local radio show. He said he is for stand alone bills and so are many others. Pelosi wont let anything about it come to floor.
Report Post »printdesignchicago.com
Posted on December 5, 2010 at 11:43ami agree entirely on making EACH and EVERY piece of legislation in this country stand on it’s on merits, or fall over the lack of merit.
the add-ons and riders attached to all these ‘big bills’ are put there in hopes of ‘sneaking’ them through without people NOTICING. most of these activities were allowed to continue after the ‘big debate’ a couple weeks ago.
more of the same ol’ washington back room bull&^%*%!
Report Post »M31Sailor
Posted on December 5, 2010 at 11:53amI’ve said the same for years. One item per bill. No ryders
Report Post »BetterDays
Posted on December 5, 2010 at 1:11pmNot only stand alone, but concise and written in common English. Additionally it should be a law that each and every bill be posted online in FULL so that WE the People can determine if it is something WE want and then let our representatives know, say with a three week time period from post to vote. Also it should be LAW that our representatives read each and every bill before they vote, perhaps a biometric data base to insure “reading”, and if someone doesn‘t read the bill they don’t get a vote on it. And that failure to get a “vote” because of an unread “bill” would result in local news “reporting” that too the non-voting representatives constituency. Furthermore, a LAW which simply states that all bills, laws, and legislation must be paid for in full at the time of implementation within the constraints of the current federal budget.
Report Post »We need common sense, and if anyone within our borders needs “babysitting” its our representatives.
abc
Posted on December 5, 2010 at 5:09pmThe quid pro quo is that the GOP gets to give rich people tax cuts that will not stimulate the economy so that the Dems can prevent families from starving during X-mas time. That is why the President is threatening to veto tax cut extensions for everyone unless the Republicans honor their half of the bargain. That you do not understand that means you understand nothing. It is hardly blackmail for the President to threaten a veto. It is actually how our government functions–read the Constitution much? ever?–so you look foolish making such snide remarks. But good job. By looking so ignorant, no one will ever question your ethics, which elevates the concerns of millionaires’ making that extra $400K over families that cannot afford milk and eggs for their kids. The MAJORITY of Republicans do not favor extending tax cuts for those at $250K in income and above, but the crazy conservatives here do. Talk about a mean-spirited bunch. Thank goodness even the GOP has not moved so far to the right.
Report Post »TXPilot
Posted on December 5, 2010 at 11:31amThe Democrats are now constantly pushing class warfare. If they can pit people of different ethnicities, incomes and beliefs against each other, it makes it much easier for them to accomplish their sinister intentions….it’s all about the “divide and conquer” concept.
On the subject of unemployment benefits, while I certainly have alot of empathy for those people, I found in my own experience many years ago, that nothing motivates a person to find a job, even if they have to substantially change their lifestyle, as knowing your benefits are fixed and will run out soon. Neverending unemployment may seem like a good option in the short term, but it really impairs a persons ability to create long term financial success in their lives, because it kills the motivation to do so. Unemployment benefits can and should be considered only a temporary financial safety net, otherwise it is an enticing gateway to becoming a bought and paid for government serf. Freedom and self-respect comes from making your own way in life.
Report Post »APatriotFirst
Posted on December 5, 2010 at 11:38amHave heard of those getting unemployment checks while working under the table at same time. So why would they want to give up checks? Best of both worlds, so to speak.
Report Post »eyestoseeearstohear
Posted on December 5, 2010 at 11:53amYou’re right….BUT, I believe you made the point, as well…that it must be stressed, the “extension” of unemployment benefits is for a SET PERIOD….and once that dead-line is reached, IT’S OVER.
In the meantime, with the Tax Cut for EVERYONE, its more likely that JOB CREATORS WILL BEGIN TO CREATE AND HIRE….and with more jobs available, job seekers will begin to return and the economy will take off and those who “miss the bus on securing a job” or ride the unemployment benefits TO THE END will have less choice in the job jump start.
Report Post »TXPilot
Posted on December 5, 2010 at 11:58amAnother valid point APATRIOTFIRST, I’ve often wondered just what the percentage of all the funds doled out by various governement handout programs is due to fraud. I certainly dont have an idea what that amount would be, but I am sure that the more programs that are created and the more money they give away, ever increasing amounts of our tax dollars will find their way into the hands of unscrupulous people that do not deserve them..
Report Post »abc
Posted on December 5, 2010 at 5:05pmTXPilot, with 5 people vying for every available job, please spare me the lecture about how unemployment benefits are a disincentive to work. We have a massive structural unemployment problem that only 4-5% GDP growth will solve, and eliminating unemployment benefits will cut aggregate consumer spending making it even tougher to reach such GDP growth levels. This is an economic fact, and no conservative can deny it, although they will just ignore that inconvenient fact and live in their faith-based fantasy world.
As for the taxes, it is also an economic fact that cutting or maitaining lower taxes for lower and middle classes is far more stimulative than it is for the rich. This is not even debatable. Every econometric study has shown it. The CBO has stated that you get $1.37 for every $1.00 of tax cut directed at the middle class, but you get about $0.32 for every dollar of rich people’s tax cuts. These are the numbers. To ignore them and talk about nonsense like class warfare is stupid. Different income levels are differently situated. It isn’t class warfare for the Mercedes dealer to treat someone making $400K different than someone making $40K, so it is also not class warfare for the gov‘t to treat taxes different for those two groups given the economic FACT that a rich person’s tax cut is not anywhere nearly as stimulative as one for the middle class.
You make up nonsense to distract from real economic facts. But thank you for being so foolish. As a rich person, I look forward to keeping that extra 4% for three more years, so I can build up my huge stock portfolio, which neither will drive corporate capital spending, or hiring, or even increase aggregate consumption in our still-weak economy. I and my fat wallet greatly appreciate the fact that you do not understand what is good for the US and its economy in the aggregate. My selfish side thanks you enormously. Please stay uneducated so I can continue to under-pay taxes and then bail to the BVI and leave you suckers with a Greech or Ireland-like austerity program. It should be great fun watching it from the beach while sipping margaritas. Good work.
Report Post »ADMIRAL747
Posted on December 5, 2010 at 11:23amOH NO!! That makes too much sense in a recession. Raise the corporate tax rates to the highest percentage in the world so we can gain jobs in America and punish those evil rich folks. We need that money to extend unemployment and welfare. Wait a minute!! I had a ‘I’m a liberal’ nightmare… I’m awake now.
Report Post »hamrs_62
Posted on December 5, 2010 at 12:10pmno not raise the taxes, just change corporate tax rules, the way corporate taxes are the rich dont pay taxes, if you draw a salary of one dollar and have the corp pay for everything you own so that the corporation owns it and you get the benifit, that means you dont pay taxes if your rich, I would like to see a usage tax the same rate as I pay, after all, all I am doing is using the things I buy until I die
Report Post »ADMIRAL747
Posted on December 5, 2010 at 1:00pmIs it not a fact that corporations don’t pay taxes then? Who do they pass them on to? Either way, does it make sense in a recession and what exactly will an estimated $70 Billion/year, and diminishing I might add, do for the deficit that the Democrats suddenly feel a need to address?
Report Post »tobywil2
Posted on December 5, 2010 at 1:18pm12/5/2010 TAX CUTS FOR EVERYONE?
The politicians are engaged in a debate about who has the Bush tax cuts extended.
What you should remember is that taxes are levied when the government spends money, not when they pass tax legislation. Tax legislation only determines who pays the tax. If the tax legislation doesn’t cover government expenditures, the tax is on your money and is paid by inflation of the dollar. So don’t be swayed by promises of tax cuts, without reduction in government spending. Any such promise is a simple violation of the first law of thermodynamics, you can’t get something for nothing, so don’t be taken in by their fool’s rhetoric.
The major difference between capitalism and tyranny is the purpose of deploying capital. The Capitalist (entrepreneur) invests capital for the purpose of creating wealth and profit. The wannabe tyrant expends capital for political purposes. Reward of his political cronies or obtaining political support by extortion or bribery is the wannabe tyrant’s rationale.
The use of capital by the wannabe tyrants depletes the nation’s wealth. In many cases the depletion of wealth actually exceeds the expenditure because the programs funded inhibit the creation of wealth. When the entrepreneur successfully invests capital, the nation’s wealth increases and the value of the dollar is enhanced.
However tax cuts are not without merit. Remember, the wannabe tyrants regarding any success in increasing taxes as a license to increase spending. The only real solution is to “THROW THE RASCALS OUT.”
Report Post »tower7femacamp
Posted on December 5, 2010 at 1:25pmyes we don’t want those Corps to lay any Chinese off do we ?????
Report Post »ADMIRAL747
Posted on December 5, 2010 at 2:02pm@tower7femacamp
Report Post »I hate dignifying idiocy with a response but I’m bored. Will cheap Chinese labor be laid off before expensive American labor? Please make a fraction of sense with this one. Let me guess, green jobs.. Wow!
abc
Posted on December 5, 2010 at 4:58pmAdmiral, you really need to find the right facts. The issue at hand is not corporate taxes, but personal income tax levels. You know so little that you don’t even know which tax rate is being debated. How sad. But thanks for your ignorance, as it will keep my taxes low so I can continue to build my huge stock portfolio without doing anything to help drive the economy forward. And thanks for increasing the debt by another $1 trillion without any stimulative impact. I trust that you were not protesting or even supporting the Tea Partiers. Although they are wondrously silent on this issue all of a sudden. What hypocrisy on their part and stupidity on yours.
Report Post »M31Sailor
Posted on December 5, 2010 at 9:19pmWonder how ABC got his huge stock portfolio, .Evil Insurance, Evil Pharm, Evil Oil , or probably from Daddy. Could he use his huge income from however he got his wealth to start a business. Probably not. Must be nice to sit around and count you vast wealth and then come here throw your Capitalistic gains in other peoples faces then call them stupid and evil.. We don’t have much but what we do have is a great family that does not brag about the things we do have. Hope you have a wonderful holiday season while counting the vast wealth in your portfolio.
Report Post »Sailor PS Obummer is not leaving everyone includind many future generations lots of debt?
ADMIRAL747
Posted on December 5, 2010 at 10:21pm@ABC
Report Post »Who owns corporations and small businesses? I didn’t add $1 trillion to anything. Your savior did that with the stimulus. I’m sure the IRS would love to accept a check from your gold mine profits since you are so caring. When you learn the rest of the alphabet, let me know. I’ll help you out a bit. D as in (D)ebt which your sister Pelosi increased by $5 trillion since taking control of the congressional purse strings in 2007. E as in (E)mployment hovering around 90% while unemployment remains around 10% for the duration of your saviors presidency. F as in I don’t care how much money you have, you’re a (F)&#%ing moron! Paris Hilton is rich too. What gives you people the right to say how much money we should fork over to the governent? If you want to pay higher taxes, start writing your checks but stay the hell out of my wallet you criminal. I do support the Tea Partiers and here‘s a bonus letter ’T’ as in (T)axed enough already. It’s really a simple theme but I can understand your frustration. You’re only in touch with 7 letters of the alphabet so I forgive you. STOP SPENDING, LESS GOVERNMENT.. I can‘t help you if you don’t want to admit you need it.
publiuswarmac9999
Posted on December 5, 2010 at 11:19amThe Democrats constantly practice class warfare. All Americans are in this economic mess created by our politicians, and all should benefit or suffer accordingly. Frankly, we need more wealthy people not less.
Report Post »M31Sailor
Posted on December 5, 2010 at 11:29amNot everyone. Over 50 % of citizen‘s don’t pay income taxes at all. Every citizen should have to pay something to have skin in the game.
Report Post »BreeZee
Posted on December 5, 2010 at 11:41amThis is why we need a fair tax and do away with existing tax system. We need to do away with earn income credit also And revamp the whole wel-unfair system.
Report Post »grandmaof5
Posted on December 5, 2010 at 11:51amI sure hope McConnell is right, but I wonder what we have to give up in exchange. The GOP needs to stand firm on all the issues the voters expect them to and it’s time to put the democratic steamroller away. Our voices have been ignored for way too long and because of that, the economy has suffered.
Report Post »Repeal healthcare totally and start over, we need a new tax structure that is fair to everyone and all pay their fair share, cap and trade off the table, we need to start drilling and develope other sources of energy. These are pipe dreams but “you have to have a dream, what’s your dream?” (Pretty Woman)
tobywil2
Posted on December 5, 2010 at 12:13pmTHE TYRANT’S ENEMY, THE INNOVATIVE ENTREPRENEUR:
Tyrants require an enemy to gain and retain power. The “Wannabe Peers” have used this “chosen enemy” tactic as an integral part of their agenda to usurp our freedom since the late 1800’s. The “Wannabe Peers” (Those who lust for the unearned power and prestige that King George III conferred on the English Peers) chose the Entrepreneur to be their enemy. However, these “Wannabe Tyrants” called their enemy the “Rich” not Entrepreneur. The word “Rich” was used because of the implication that the “Rich” enjoy unearned wealth, wealth that was somehow stolen from the masses.
Report Post »Entrepreneurs, of course, utilize innovation to create the wealth and increase the individual productivity. Their success made the United States the greatest industrial power that the world has ever seen. If the term “rich man” were changed to producer, employer or Entrepreneur the propaganda would be totally ineffective.
You would die of starvation and exposure if you had to exist on the wealth created by the “Wannabe Tyrants” but we all live in luxury (compared to the standard of living before the industrial revolution) in an economy created by innovative Entrepreneurs.
For more on the tactics and strategy of the “Wannabe Tyrants” see chapter 5 of “21st Sense Common Sense.” http://commonsense21c.com/
Fletch
Posted on December 5, 2010 at 12:18pmSTOP calling them TAX CUTS
They should be called what they are – Obama’s TAX INCREASES
the GOP is so feckless
Report Post »Fletch
Posted on December 5, 2010 at 12:22pm“The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can’t get and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods.” ― H. L. Mencken
Report Post »tower7femacamp
Posted on December 5, 2010 at 12:34pmLook you guys have to factor in the cost of living in US
Report Post »let‘s say it’s around 30,000.00 for a family of 4
and they make 50,000, they have 20,000 minus taxes owed.
Now look at Jay Rockerfeller 98 Million net worth.
the cost of food and energy is non existent to him compared to his net worth
which he was born into I may add, So I am sick of people saying
make the tax cut fair because it Can never be Fair with a spread of wealth
between 50,000 and 98 MILLION
A Doctors Labor Is Not My Right
Posted on December 5, 2010 at 12:36pmIf someone else is rich, that has nothing to do with me. I‘m glad they’re rich. We should all want to be rich, if we’re mature enough to use the wealth well.
Report Post »tower7femacamp
Posted on December 5, 2010 at 12:40pm@publiuswarmac9999 How funny you are brainwashed to worship the rich
while they despise you and want you dead.
http://www.prisonplanet.com/bill-gates-and-neo-eugenics-vaccines-to-reduce-population.html
http://www.tetrahedron.org/articles/new_world_order/UN_Rockefeller_Genocide.html
http://eugenicsanddepopulation.blogspot.com/2009/09/warning-rockefellerrothschild-drug.html
http://saynsumthn.wordpress.com/2010/08/03/planned-parenthood-action-fund-board-members-former-activist-for-obama-for-america-former-ceo-of-the-democratic-national-committee-advisor-to-george-soros/
Report Post »Rogue
Posted on December 5, 2010 at 12:59pm@M1 – Agreed, and I’ll take it a step further. I believe everyone should pay taxes on income, regardless of level ( obviously less for lower income families), but I also believe the right to vote should be extended only to those who pay taxes and financially have a vested interest in how the Fed Govt spends your money. If you don’t pay taxes, you should not have a say in who spends the money. And if you haven’t paid taxes and owe the IRS an outstanding balance, your voting privilege is suspended until you are current.
Report Post »tower7femacamp
Posted on December 5, 2010 at 1:06pmIt matters if they got rich selling our god given water back to us
Report Post »when they pay $100 a year to take as much as they want
http://www.infowars.com/shocker-feminizing-uranium-fluoride-lithium-in-water-to-be-exposed-on-ventura-tv-show/
90% of the Rich are criminal they Bride and Steal without any
Jeopardy or punishment, my God look at Wall St ??? GS. JPM
Monsanto, Bill Gates you name the Millionaire and I will find the crime.
Dale
Posted on December 5, 2010 at 1:35pmThe reason to have taxes is to fund government. Unfortunately, the elites learned that they can control behavior through taxing behaviors they do not like; and rewarding favorable behaviors with credits and breaks. This process is called social engineering. We need to have a tax system that returns to collecting taxes for government’s legitimate needs and limit collecting and spending for unauthorized activities.
Report Post »tower7femacamp
Posted on December 5, 2010 at 1:52pma doctors labor, here is were your rich buddies sent your money
Report Post »http://news.yahoo.com/s/ap/as_china_skyscraper_empire
An American worker can’t compete with slaves…
ADMIRAL747
Posted on December 5, 2010 at 2:31pm@tower7femacamp
Report Post »Let’s tax the American Employer more. That will create more US jobs? I’m sorry, I have to hit myself in the head with a hammer another dozen times to relate.
silentwatcher
Posted on December 5, 2010 at 2:38pmYes, earned income credit-do away with it. I’ve seen MANY people get $8000/10,000 back at tax time but only put in $1500. That’s not a credit, that a handout.
Report Post »oneoftheall
Posted on December 5, 2010 at 2:49pmThe problem has nothing to do with money, or how much someone has. The problem has to do with people, and what they choose to do with the influence money provides. So, do the good people with money have to suffer for the bad people with money? The question really is, how do you make someone with money act in a moral and ethical fashion? I only know of one way. Do business with the good people at whatever the additional cost may be. That then empowers the good over the bad. Although, that creates a new problem. It is then up to the consumer to decide if they really want to make sacrifices in their own lives to change that problem. Just food for thought.
Report Post »heavyduty
Posted on December 5, 2010 at 3:32pmpubliuswarmac9999: I ask you a simple question, why do you say that all AMERICANS are suffering because of politicians? Politicians got into office by the very AMERICANS that are suffering because of them. If they choose to re-elect them then aren’t they to blame also? But then you are right about politicians should be held accountable from the President on down. They should have no special benefits from lobbyists and special interest groups. Where they go wrong is getting pork barrel spending money for their states. They should be working for their country, not individual states. Because then and only then will all states get equal treatment.
Report Post »Big_D
Posted on December 5, 2010 at 4:13pmlast i heard, less than 50% pay. this is another reason why a flat sales tax is the only tax that should be occurring. rich people would buy more hence pay more. poor people would buy less hence pay less; but still as mentioned above, pay something and have something in the game to make them responsible.
Report Post »abc
Posted on December 5, 2010 at 4:55pmPublius, Thanks for being such a fool. I am rich and will enjoy the tax cut for likely another three years. Thanks for NOT knowing anything about economics and how a tax cut to me goes straight into my very large stock portfolio and will not generate any capital investment or consumption to drive down unemployment. Thank you for also being so dull that you assume that the suffering of the rich and the middle class and poor are identical. This is like giving relief to every household after Katrina, since we all suffered watching events unfold on our television. The factual inaccuracies and pure logical stupidity on the right–captured by the meaningless arguments around “class warfare”–perfectly distract you so that I can make a lot of money while the country as a whole goes closer to that cliff of insolvency.
I have only one question: beyond calling Tea Partiers stupid and hypocritical, how do I explain their deafening silence after months of railing against the Democrat’s for spending, having ignored the spending and deficits under Bush? Apparently, the Tea Party is not against deficits, just against Democrats running government when such deficits occur. Or maybe just against Democrats running the government at any time. In short, you’d rather have the GOP run the country over a cliff into insolvency than have Democrats make the right decisions. This is not principle. It is partisanship. And while it fattens my wallet and bank account, it is pretty sad. Your positions are not logically defensible, and history will crucify your legacy.
Report Post »tower7femacamp
Posted on December 5, 2010 at 7:24pm@admiral ok let me explain it to you.
Report Post »you said lets tax the American employers more, so I pointed out to you
that all the jobs have already gone overseas, China is one country
http://www.dailykos.com/story/2010/8/9/891475/-THE-MANUFACTURING-JOBS-ARE-GONE.-HERES-WHY
or do you deny this fact ?
The numbers are startling: 3.3 million jobs in less than 15 years. That’s the number of U.S. jobs expected to be lost overseas by 2015 according to a recent report by Forrester Research. But the sheer size of the exodus isn‘t what’s worrying analysts the most — it’s the type of jobs. Some critics are worried that this time it’s the corporate main office is getting ready to shut down and head out of the country, packing up cubicles and all. As reported on NOW, a new wave of jobs are leaving U.S. shores: software development, customer service, accounting, back-office support, product development and other white collar endeavors.
http://www.pbs.org/now/politics/outsource.html
We already gave these companies tax breaks to invest overseas.
I say it’s time for them to pay, they put these clowns in office to start with.
tower7femacamp
Posted on December 5, 2010 at 8:22pm@admiral , all the Manufacturing jobs have been moved overseas
Report Post »by the big corporations you love and worship.
Lay off the Sodium Fluoride for a while maybe it will become clearer.
ADMIRAL747
Posted on December 5, 2010 at 9:08pm@tower7femacamp
Report Post »All of them? Wow!! What do we produce besides useful idiots? I guess we should put out more unemployment checks to create those jobs. You’re drowing in ignorance waterboy.
Camo Pants
Posted on December 6, 2010 at 3:02pm@M31Sailor
Report Post »Chip in on the bill or you get nothing. :D