Posted on 12/21/2012 12:50:52 PM PST by ColdOne
So the White House is turning its focus to a smaller package that would extend the Bush-era tax rates on income below $250,000, pause the across-the-board spending cuts known as the sequester and renew unemployment insurance benefits, according to senior administration officials.
It would hold off a significant portion of the fiscal cliff, minimizing any economic shock in the new year. But it means a host of tax provisions would likely expire, little would be done to address the debt and deficit, and no process would be set up for overhauling the tax code next year. There would be no agreement on entitlements, and none on raising the debt ceiling.
(Excerpt) Read more at politico.com ...
just kicking the can a little farther down the road
That can is getting bigger and bigger to kick down the road.
can road kick (repeat)
Awww........ Are those “Evil” Republicans playing grinch again and not giving the wanna be boy king all his Christmas Presents??? Poor barry will have to just take solace in spending several weeks in Hawaii in luxury...
No spending cuts and a tax hike on $250k+ earners? Isn’t that what the Kenyan wanted all along?
>>So the White House is turning its focus to a smaller package that would extend the Bush-era tax rates on income below $250,000, pause the across-the-board spending cuts known as the sequester and renew unemployment insurance benefits, according to senior administration officials.
So, to sum up, package has lots of tax increases, no spending cuts, plus more welfare spending. And the media will spin this as a “reasonable compromise”.
They want unemployment extended. That’s their constituency. Watch them get desperate now that conservatives have put their foot down (desipte their feckless leader).
We will see a lot of this chaff coming out of the White Hut now that the deadline is almost here. It’s all a distraction and we are headed over the cliff.
The Democrat tax increase on those with 250k and above will NOT increase tax revenues to the treasury or improve the economy.
Lets see this would tax the hell out of everyone making over $250,000, Pause the spending cuts which means no cuts to entitlements, and extend unemployment which is already extended far beyond what it should be. At what point does unemployment become welfare?
Well damned straight Obama would like this. It’s what he wanted all along. It doesn do anything to solve the debt problem , just places us further in debt.
The House has gone home, he is a day late and a dollar short , plus the Hpoue Repubicans would not agree to this anyway. Of course the Senate will agree to anything Dirty Harry tells them to.
Have a nice time in Hawaii Obama, you scumbag, while people in New York are still without homes. You dirty Piece of slime.
Of course. The vote last night gave him cover to propose this.
???? $250K, isnt that smaller than $1M ?
What’s he up to?
Hmmm...going off El Capitan instead of Glacier Point I guess...Pulverization factor hitting the ground will be less I suppose...
Both total wipe outs - one just less of a total wipe out than the other - kind of like being less dead one way than the other...
So those dumb super-conservatives are going to get high taxes above $250K instead of $1000K. No wonder it is called “the stupid party”.
How is this “smaller?” This “offer” hasn’t budged one inch from what’s been on the table for months. Leave it to politico to call it “smaller.”
Exactly what Obama wants. Tax more/ spend more.
Hint: It’s not about the revenue. Zero said that himself. It’s about “fairness.”
Next time you talk about tax policy with a lefty, ask him what the purpose of taxes is. Raise money? Redistribute income? Things will get interesting then.
‘He is disappointed that Republicans refuse to say ‘yes’ to all his concessions.’
‘He is optimistic that they will eventually do the right thing.’
‘He is sad that they put politics ahead of the American people’
His plan is to completely annihilate Republicans in congress so his last two years he can get the real ‘reforms’ passed.
Increased taxes. No spending cuts. This is what Obama wanted all along. I am not sure why I worry so much about the debt since I have given up on this once great country. These young people that voted for Obama will have to deal with it after I am gone.
Amen. I am all in favor of going over the the cliff, but last night was the wrong way to set it up.
This GOP bunch has managed to transform the Bush tax cuts into the Obama middle class tax cuts, and the GOP will be forced in January to go along.
Flame away, but Boehner was right yesterday, not the rebels... At least on the politics if not the economics.
Funny, last night you were calling them "the far right GOP", now they're rebels?
Did it ever occur to you that these "rebels" are doing what their constituents elected theme to do? You know, Taxed Enough Already!
http://www.freerepublic.com/focus/news/2970905/posts?page=70#70
Me thinks you're a troll.
No troll, been around for years. Just a respective difference of opinion.
Tea Party memebers are “rebels” and “far right GOP”?
Try again.
Rebel is a term of endearment, but I am still not happy with outcome of last night.
I’ve been on FR since Cajun Girl and I were determined to get Eric Holder out of the Justice Dept when he was a temporary holdover after Bush was inaugurated in 2001 (ashcroft had not yet been confirmed).
This is just a difference of the means to an end.
Merry Christmas, LV Ron. Let us hope 2013 serves our nation better than I anticipate because this Admin are corrupt Chicago street thugs.
Doesn’t answer the “far right GOP”
Merry Christmas to you too, and yes, here’s to a better 2013.
How about higher taxes and more spending?
No?
Ok. How about more spending and higher taxes?
No? Ok. A compromise. We’ll raise taxes AND continue spending.
What are the differences from before?
Obama wants the “Cliff” effect to occur. The after all the taxes kick in and the pain begins to hit home he can jump in like a knight in shining armour and propose a “Tax Break” for the poor downtrodden middle class. The Republicans won’t be able to say no and they will then cease to be viable even as a memory of what this nation was before the Marxists took it over. The cry will be, “Obama, President for Life.” Sieg Heil!
“The GOP far right”
Dem talking point. We’re not idiots, we know trolls, here.
Kenyan-born, B. Hussein Obama has secured his place in History as the Anti-Christ that was twice elected to an Office that he could not legally accept.
Advice for Boehner:
Keep your mouth shut for a full week until after Christmas.
After that, state, “The House has passed a budget and it is over at the Senate. We will pass the Mack Penny Plan which will balance the budget in 8 years or less. We will then adjourn until the White House and the Senate pass a budget, and we WILL NOT raise the debt ceiling.”
After that, at every question and every opportunity, state the above. If the Dinosaur Media and their party, the Democrats, say to any variation of “You are willing to shut down the government and let old people and children die.”, answer, “We have passed a serious budget. It is the WH and Harry Reid who are letting them die.” “for two years?” “YES- it is past time to save our country from bankrupcy.” Anything that tempts any different answers, get off the podium and off the stage.
Long about February, the dogs will come crawling back to the House.
Sad... this is what ought to have occurred last summer and before.
The GOP and conservatives will get blamed for “everything negative”, no matter what happens! The GOP should of walked away weeks ago, while, fully, explaining why they did so! Way too many within the “Stupid Party” continue to fall into the trap created by BO and the left.
Boehner’s strategy in this debate and last years is abhorrent. The absolute worst political leadership I have ever seen at any level. He negotiates against himself. He uses the wrong tactics to debate and to communicate to the public. Last night is 100% on his shoulders. He created the same situation that bit us in the ass in 2011. He twists conservatives to vote for things against their core principles before getting agreement from the Dems. Then, he further negotiates with the compromise bill as our starting point, with huge of concessions made and comes back to twist more arms to force votes on a worse bill later leveraging the earlier votes.
Our side does ALL the compromise and then gets blamed for being unreasonable. The GOP took far more flack in the 90s, pushed through get bills and reforms...with little to no electin losses...and a residential win in the next election in 2000..
It’s plan A. Again. Looks like we’re jumping next week.
The House should pass nothing promoted by the administration. Every Republican Representative should send a letter to their constituents. Tell them that elections have consequences, and that THEY elected Democrat Senators and Obama. Now their taxes are going up. If they want lower taxes and reduced spending they must get rid of the party of tax and spend.
AMEN
This is probably an obvious question (apologies), but is there any way for a person like myself (average 9-5 worker) to estimate how much more going over the fiscal cliff will cost on a monthly basis?
IT’S BEGINNING TO LOOK A LOT LIKE ARMAGEDDON
It’s beginning to look a lot like Armageddon
Bama’s still squatting in the White Hut;
Uses a teleprompter so well, it’s Jarrett can’t you tell
Soros and globalists like the show.
It’s beginning to look a lot like Armageddon
Hurtling over the fiscal cliff;
Michelle’s spending all she can, while still blaming the white man
Liberal fascism for sure.
Well there’s commies n muzzies n Benghazi but no worries
says the propaganda press ministry of spin;
Ayers n Davis Black Panthers n Operation Furious
Solyndra don’t forget Cloward Piven;
And the ruling class of corrupt Congress hacks are giddy all over again.
It’s beginning to look a lot like Armageddon
Bama’s still squatting in the White Hut;
No birth documents to show, the Usurpers gotta go
Reggie Love is waiting under the mistletoe (oh no!).
It’s beginning to look a lot like Armageddon
ObambiCare they say is the “law of the land”;
Justice Roberts violated his oath, Barry Soetoro still smokes
And our troops keep dying in ‘Stan.
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