Posted on 01/01/2013 1:21:26 PM PST by indianrightwinger
Not an Awful Deal By QUIN HILLYER on 1.1.13 @ 10:16AM
After about an hour of studying last night’s budget deal, I find it right on the borderline between (A) awful-tasting medicine we still need to take for our health and (B) a cure that is worse than the disease. But careful, careful attention pushes the calculation every-so-slightly toward the former. This isn’t even a 51-49 proposition, but only a 50.1-49.9 proposition. Still, here’s why the option of a “yes” vote for House Republicans — notwithstanding my warnings yesterday that “no deal” is better than a bad deal — is not an unacceptable decision. First, obviously, we already have gone over the cliff, technically speaking. The tax rates now in effect under law are those of the Clinton era, not the Bush era. As Grover Norquist argues, any vote for the Senate deal now is a vote to cut a lot of taxes, not a vote to raise any. And this bill does cut a whole lot of taxes (even including some special-interest breaks demanded by liberals that don’t actually make economic sense). By locking in tax cuts for couples making up to $450,000 a year, by locking in a full $5 million threshold before the death tax kicks in, and by re-cutting the top cap-gains rate and dividend rate down to 20% (worse than the former 15%, but far better than the possible 39.6% that would apply now that the Bush cuts have expired), conservatives provide a ton of room for small businesses to grow and hire more workers, etcetera, before higher rates kick in — and also have saved pensioners who rely on dividends a whole lot of money. Permanently. This is a very good thing.
(Excerpt) Read more at spectator.org ...
Even MORE RINO/GOP-e ASS Sucking, indianrightwinger?
It was an unnecessary deal. And worse than that, we had an opportunity to “do the right thing”... but our rep leaders failed us.
RightWinger ?
/johnny
Never going to happen!
What both political parties are doing is a crime against America and American taxpayers!
1. It is bipartisan
2. How possibly can Obama go back to saying the rich need to pay their fair share when he agreed that this is now the fair share.
3. This tiny bit of revenue does nothing to stop the trillion dollar deficits.
Now is the time for Republicans to gather their forces and go on the attack for serious spending reductions. Force the rats to address the debt and call them lockstep Marxists that are destroying the economy for everyone because they cannot work across the aisle to end the massive spending and entitlement mentality that is destroying America...
/johnny
I really used to like The American Spectator, but they have supped of the GOP-e Kool-Aid of late, and are no longer on my preferred reading list.
It's a better deal than I expected McConnell to get on the Senate side so I half expected House Pubbies to go for it. I'm encouraged, they're standing up sooner than expected. There was always the worry they'd act tough, but fold when it came to debt limit battles.
The House may well have enough Dems + R's to pass however, and this may just be a TP saving vote, knowing it'll pass the house without Pubbie support.
Marxism is never a good deal (for anyone).
Cut the frickin’ spending already!!
Correct....this is politics. As Hillyer notes, it does very little to cut spending, so the real battle will likely be the CR and debt limit. Entitlement spending.
giving in to the enemy that is trying to destroy you is always awful.
The (if you like Marxism) is tremendously more descriptive than (Amen).
You would have fit right in at Jonestown, filling cups of koolaid and encouraging the gullible to drink it.
Boehner and Repubs balk at Senate’s Fiscal Fiasco Bill!
The cheese has slipped off of the American Spectator’s plate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.