Buffet came out and said the tax cuts should be for income earned over $500K
So extend the cuts up to $500K and call it the Buffet rule, crisis over,.
That is a good idea. 500K and up is fairer. It would be funny if Boehner came back with a proposal to increase taxes on “the top 2%” not “250K and up”. The top 2% would miss people like Romney but cover people like JayZ.
We should still call them on their lies. They want people to believe they are helping the deficit with increased taxes. However they plan on increased spending.
They are asking for more $$$ in bailouts. Look what happened to GM. After their bankruptcy and government takeover GM went on to lose 40% profits. The government cannot run a business. The only thing they get out of it is to guarantee $$$ and jobs to union employees who in turn must (yes by force) provide $$$ and support for the Dem Party. Thus creating a new class of elite that are NOT poor.
Why are we giving entitlements to people who are not in a period of need then?
Why must small businesses pay increased taxes if all it’s used for is increased spending?
When Bush was in office the deficit went up to 7 trillion during his 8 year term: complete with long term Iraq war, lots of troops and weapons used (far more military spending). But under Obama where he sends some aid here or there the deficit doubles to 16 trillion during his 4 year term! Yet that is not enough for them.
The whole idea of the fiscal cliff was to reduce the deficit. They need to do something about their out of control spending. The economy is just going to get worse and pumping more $$$ into it with our credit going bad means inflation, lost jobs, and a Carter economy. “We” know whose fault that is.
R/e Media pressure: it does make a difference. Conservative talk radio and news does affect how they have to report the news. Example: For awhile they we got Obama & Co. forced to report on Bengazhi (sp?). They had to because the conservative news outlets and Fox news wouldn’t let it go.