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Letís go over the fiscal cliff (Give the Democrats what they want)
Washington Post ^ | 11/17/2012 | Marc Thiessen

Posted on 11/19/2012 12:46:53 PM PST by SeekAndFind

Here’s an idea for how to start the New Year in a bipartisan fashion: Let’s go over the fiscal cliff!

Today, the only ones in Washington who advocate fiscal cliff-diving are liberal Democrats. It’s time for conservatives to join them. Letting the Bush tax cuts expire will strengthen the GOP’s hand in tax negotiations next year, and it may be the only way Republicans can force President Obama and Senate Democrats to agree to fundamental tax reform.

Right now, Democrats believe they have the upper hand in the fiscal standoff. Patty Murray (Wash.) — the fourth-ranking Senate Democrat and the leading champion on Capitol Hill for going over the fiscal cliff — says that Republicans are “in a real box” because “if they do nothing, those increased taxes [they oppose] will take place.” If Republicans dig in, says Murray, all Democrats need to do is “go past the December 31st deadline” and let the tax increases happen automatically.

There’s one problem with her scenario: While the Bush tax cuts expire on Dec. 31, so do a lot of tax policies the Democrats support. For example:

* The 10 percent income tax bracket would disappear, so the lowest tax rate would be 15 percent.

* The employee share of the Social Security payroll tax would rise from 4.2 percent to 6.2 percent.

* An estimated 33 million taxpayers — many in high-tax blue states — would be required to pay the alternative minimum tax, up from 4 million who owed it in 2011.

* The child tax credit would be cut in half, from $1,000 today to $500, and would no longer be refundable for most.

* Tax preferences for alternative fuels, community development and other Democratic priorities would go away.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: debt; deficit; fiscalcliff; taxes
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1 posted on 11/19/2012 12:47:07 PM PST by SeekAndFind
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To: SeekAndFind
because letting the Bush tax cuts expire simply restores the status quo during the Clinton administration

Actually, not.

Taxes are going up additionally because tax hikes in Obamacare begin in Jan '12.

That "we will just be going back to Clinton taxes" is yet another Obama lie.

2 posted on 11/19/2012 12:56:41 PM PST by what's up
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To: SeekAndFind
the rats, who have controlled the senate for 6 yrs now, have not passed a budget in 3 yrs....

if they don't care, I don't either....

but, if push comes to shove, just agree to the tax on the so called rich, and complain loudly and bitterly for all to see that not cutting anything will kill whatever is left of our economy....

if they cut defense, well go complain to Patty Mouse Murphy....since our state of Washington depends heavily on the military presense..

3 posted on 11/19/2012 12:56:46 PM PST by cherry
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To: SeekAndFind

Ok by me!


4 posted on 11/19/2012 12:57:55 PM PST by ully2
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To: SeekAndFind

I agree. Let all taxes go up on everyone. The Dems can try to blame the GOP but the great unwashed will only know that their taxes went up, 0bama is in charge and he promised they would never go up.


5 posted on 11/19/2012 12:58:58 PM PST by Truth is a Weapon (Truth, it hurts so good.)
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To: SeekAndFind

Hear me out: Just enough Republicans should sign on if 100% of the Rats sign on. Just put it over the top by 1. Don’t fight. The American voter settled the issue. Make it sunset in 2016. If a Rat is in the WH fine. If a RINO/GOP is in the WH it should end. Let this country know what it voted for.


6 posted on 11/19/2012 1:00:13 PM PST by DIRTYSECRET
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To: SeekAndFind

Let’s do it.


7 posted on 11/19/2012 1:00:29 PM PST by gotribe
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To: SeekAndFind

If the republicans cannot fight for keeping our tax rate down/stable in this bad economy, they are proving there is no difference between the 2 parties. I work in the grassroots. I have never seen this amount of disgust for the republicans. I was prepared that Romney would not win. I think, if they allow the taxes to go up, they are pretty much old news. We lost a number of voters in 2012; that number will increase. Not many democrats will go into the republican column. Pretty much, a democrat stays loyal to their party while the repub walks away. It’s very telling, what is happening. We all are getting a tax increase in 2013. That is already set. No congressional debates. It’s set. Now, we are suppose to buy these of the cliff reasons (like the bailouts) to allow them to Tax us more to grow this out of control give away to the dems/repubs spending. The dems are setting the trap, and the repubs are walking right into it. When they do this, they will deserve to be removed from office on their reelection bids. It will happen. People are done with this one party get along we come together to rule over you.. It’s we, the people. I have never seen such blatant fraud in our government going on in front of us unchecked. They use to hide it from us as they could.


8 posted on 11/19/2012 1:02:30 PM PST by Christie at the beach (I like Newt. As another FR member says..Obamas are living in gangster paradise.)
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To: SeekAndFind

Go for it...it’s already been negotiated and was signed by your president.


9 posted on 11/19/2012 1:02:46 PM PST by sanjuanbob
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To: DIRTYSECRET

Why not 100% of Republicans vote “present”? Put it all on the Dems.


10 posted on 11/19/2012 1:06:59 PM PST by 5thGenTexan
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To: SeekAndFind

i concur


11 posted on 11/19/2012 1:08:29 PM PST by jjw
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To: Christie at the beach

I will bet if the repubs stay firm and not fold, the economy will not tank. It is a lie to grow the tax base to grow the government. Don’t fed the beast. if you do, it’s your own doings. And thank you for making me pay for more freebies.


12 posted on 11/19/2012 1:08:44 PM PST by Christie at the beach (I like Newt. As another FR member says..Obamas are living in gangster paradise.)
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To: SeekAndFind

We need an AMT patch passed right now.
there is no reason not to do that.


13 posted on 11/19/2012 1:09:21 PM PST by DOGHEAD
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To: Christie at the beach

Don’t worry, you’re gonna pay anyway...Obamacare, carbon tax, capitol gains. Might as well get on with it.


14 posted on 11/19/2012 1:14:47 PM PST by ez (When you're a hammer, everything looks like a nail.)
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To: All

We sure need some here.
FReepathon Day 50!

15 posted on 11/19/2012 1:17:03 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: ez

I am real worried. So, all these higher taxes and give them another check. No thank you! Some are making things much worse vs putting the pressure on the officials to keep the taxes stable. It is very troubling that the game is being played so casually to increase the spending.


16 posted on 11/19/2012 1:29:32 PM PST by Christie at the beach (I like Newt. As another FR member says..Obamas are living in gangster paradise.)
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To: Christie at the beach
It is a lie to grow the tax base to grow the government.

You're right, of course. But that's not the point.

I consider this to be an "instructional" moment in American history. The vast lemming herd that voted for the Socialist-in-Chief has no idea that a fiscal cliff is just ahead. And if they are vaguely aware of such a thing, they believe that the tax-and-spend policies of the Democrats will save them.

Their eyes need to be pried open to the truth. Will it hurt? Yes. But pain focuses the mind and will get their attention. Socialism has consequences.

Bring on the consequences!

17 posted on 11/19/2012 1:31:30 PM PST by Flycatcher (God speaks to us, through the supernal lightness of birds, in a special type of poetry.)
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To: SeekAndFind

Treasury Secretary Geithner: Lift Debt Limit to Infinity

http://cnsnews.com/news/article/treasury-secretary-geithner-lift-debt-limit-infinity


18 posted on 11/19/2012 1:34:54 PM PST by newfreep (Breitbart sent me...)
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To: SeekAndFind

I was for this the day after the election.. I still am! Elections have consequences give the voters just what they voted for the fiscal cliff!!!! High High taxes!!!


19 posted on 11/19/2012 1:36:09 PM PST by tallyhoe
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To: SeekAndFind

....this kind of thinking got us Obamacare.....


20 posted on 11/19/2012 1:38:09 PM PST by Tzimisce (What do you do when every level and every branch of the government is corrupt and aligned against yo)
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