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Keyword: 112th

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  • Mika: Ted Cruz, Like-Minded Republicans Don’t Love America

    10/07/2013 7:37:44 AM PDT · by 2ndDivisionVet · 49 replies
    The Washington Free Beacon ^ | October 7, 2013 | Staff
    Morning Joe co-host Mika Brzezinski told fellow panelists Monday she thought that Sen. Ted Cruz (R., Texas) and Republicans like him don’t love the country because of their battles to defund Obamacare that she believes led to the government shutdown, drawing the ire of host Joe Scarborough. “That shows just how much they hate him and don’t love the country, and that’s what’s scary about this,” she said. “If they actually go through with this, this is about something else.” “Are you saying they don’t love the country?” Scarborough asked. “Are you saying they do? Ted Cruz and his group...
  • The audacity of Jr.

    02/16/2013 8:43:55 AM PST · by Libloather · 25 replies
    **SNIP** Ask how he could humiliate not one but three generations of his globally known family — his famous father and his young children included. No, Jesse Jackson Jr. wouldn't be the first to purposefully slow-walk that yearslong walk. Not the first to delight in secret luxuries and expensive acquisitions along a reliable, efficient path to the self-destruction of his career and his reputation. Imagine, though, the depth of conniving, or self-delusion, or entitlement, or sheer audacious recklessness, that the federal accusations against Jackson would have required of him. What the feds on Friday suggested had happened here is a...
  • Richard Lugar Loses GOP Indiana Senate Primary by Landslide

    01/18/2013 4:53:47 AM PST · by RC one · 110 replies
    Daily Beast ^ | May 8, 2012 10:52 PM EDT | Lloyd Grove
    The 36-year Senate veteran is trounced by Indiana State Treasurer Richard Mourdock, whose business and Tea Party backers spent $2.7 million to defeat a once-powerful pol they portrayed as out of touch.That cracking, thudding sound emanating from Indiana on primary night Tuesday was the crumbling of a Washington institution, punctuated by muffled shrieks of terror from incumbent office-holders everywhere.Republican Sen. Richard Lugar—a towering figure in the national-security, arms-control, and foreign-policy realms who six years ago was so popular in his home state that local Democrats didn’t bother to field an opponent—lost his bid for a seventh term to a lesser-known,...
  • Indicted UT Businessman Links Harry Reid To Bribery Attempt

    01/12/2013 3:06:45 PM PST · by greyfoxx39 · 24 replies
    Fox News ^ | January 12, 2013 | Tom Harvey and Robert Gehrke
    Embattled St. George businessman Jeremy Johnson says new Utah Attorney General John Swallow helped broker a deal in 2010 in which Johnson believed he was to pay Senate Majority Leader Harry Reid $600,000 to make a federal investigation into Johnson’s company go away. But when the federal government filed a lawsuit Johnson thought he had paid to quash, he demanded Swallow return some of the $250,000 initial payment. Then, just days before the Nov. 6 election, Johnson engaged in a frenetic but unsuccessful effort to get Swallow to drop out of the race, saying information about what Johnson called a...
  • Millions noticing paychecks lighter today, due to payroll tax hike

    01/11/2013 6:21:03 PM PST · by RoosterRedux · 33 replies
    FoxNews.com ^ | 1/11/2013 | Joshua Rhett Miller
    Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle. Hoffman, a 21-year-old Virginian who works at a nonprofit, estimates her paycheck will be roughly $30 less this biweekly pay period, or about $780 annually, thanks to the end of a two-year cut on payroll taxes, which fund Social Security. The tax has risen back up to 6.2 percent from 4.2 percent, costing someone making $50,000 annually about $1,000 per year and a...
  • Senate Balks at Promoting Officer Who Downed F-4

    01/10/2013 11:25:21 AM PST · by QT3.14 · 36 replies
    Military.com ^ | 1.1.13 | Rowan Scarborough
    A Senate committee has refused to approve a promotion to admiral for a Navy officer who, as a young fighter pilot during a training mission, deliberately shot down an Air Force plane whose flier has suffered a life of pain from his forced ejection. The Senate Armed Services Committee took no confirmation vote on the nomination of Capt. Tiimothy W. Dorsey as the 112th Congress ended. Because the Senate did not act, the nomination goes back to the White House. The Navy has the option of trying to resubmit his nomination during the 113t Congress, which convened Thursday.
  • How the Fiscal Cliff Deal Hurt a Recovering Economy

    01/07/2013 4:03:14 PM PST · by Kaslin · 5 replies
    Townhall.com ^ | January 7, 2013 | Kevin Glass
    The deal that Congress came to on the fiscal cliff last week was a combination of half-measures, compromise, and kicking-the-can that nobody seemed to like but was overwhelmingly approved. Most of the meaures that constituted the cliff stood poised to harm the economy over the next two years - and Congress' failure to offset the cost of averting the cliff will result in a worse economy in the long run. As Americans everywhere found out with their first paychecks of the new year, Congress failed to reauthorize the temporary payroll tax cut that expired. This could result in between 300,000...
  • The Decline and Fall of the American Empire

    01/07/2013 4:38:51 PM PST · by SJackson · 61 replies
    RabbiPruzansky.com ^ | November 7, 2012 | Rabbi Steven Pruzansky
    The most charitable way of explaining the election results of 2012 is that Americans voted for the status quo – for the incumbent President and for a divided Congress. They must enjoy gridlock, partisanship, incompetence, economic stagnation and avoidance of responsibility. And fewer people voted. As I write, with almost all the votes counted, President Obama has won fewer votes than John McCain won in 2008, and more than ten million off his own 2008 total. (Note: this was written the day after the election. The final results indicate that Romney exceeded McCain’s total by less than one million votes,...
  • The GOP Political Establishment Fiscal Cliff Sellout

    01/07/2013 8:36:44 AM PST · by IbJensen · 78 replies
    Chris Adamo.Com ^ | January 2, 2013 | Chris Adamo
    Apparently Republican career politicians inside the Beltway have a collective death wish. Faced with what they believed to be political impasse, they opted to completely abandon their conservative base and give their full support to the abhorrent and fiscally reckless policies of Barack Obama and the Democrats. Of course Republicans would argue that since Obama won reelection in November, they must acquiesce to his uncontested leadership. Sadly, they give no thought to the possibility that perhaps it is their constant inexcusable capitulation to the liberal establishment which has, more than any other factor, empowered the left as the dominant political...
  • White House Plans To Overwhelm NRA With Rapid Victory

    01/05/2013 10:00:43 AM PST · by pabianice · 131 replies
    TPM ^ | 1/5/13 | Sarlin
    President Obama announces he is appointing Vice President Joe Biden to craft new policies within the next month to curb gun violence.President Obama announces he is appointing Vice President Joe Biden to craft new policies within the next month to curb gun violence. 0 The White House and gun control supporters are gearing up for a whirlwind month, with plans to pass reform legislation before outrage over the Sandy Hook massacre has a chance to fade. While the fiscal cliff has dominated Washington’s attention in recent weeks, lawmakers and activists are laying the groundwork for their big push. Vice President...
  • 4 Things You Need to Know About Secretary of State Nominee John Kerry

    01/03/2013 10:00:45 PM PST · by neverdem · 25 replies
    Reason ^ | January 3, 2013 | Ed Krayewski
    Don't let his reputation as a peacenik fool you. John Kerry is no anti-interventionist.On Dec. 21, President Obama nominated Sen. John Kerry (D-Mass.) to replace Hillary Clinton as secretary of state. The move was widely expected after Susan Rice, the only other prominent candidate, dropped out of consideration when the Obama administration’s response to a terror attack on the U.S. embassy in Libya promised to derail her nomination.Now serving his fifth term in the Senate, Kerry is best known for his failed 2004 presidential run, and the "swift boat" attacks he suffered during it. While America may never know a...
  • Krauthammer: The Return of the Real Obama

    01/04/2013 2:54:54 AM PST · by SueRae · 58 replies
    WaPo ^ | 1/3/2013 | Krauthammer
    The rout was complete, the retreat disorderly. President Obama got his tax hikes — naked of spending cuts — passed by the ostensibly Republican House of Representatives. After which, you might expect him to pivot to his self-proclaimed “principle” of fiscal “balance” by taking the lead on reducing spending. “Why,” asked The Post on the eve of the final fiscal-cliff agreement, “is the nation’s leader not embracing and then explaining the balanced reforms the nation needs?” Because he has no interest in them. He’s a visionary, not an accountant. Sure, he’ll pretend to care about deficits, especially while running for...
  • Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under

    01/04/2013 12:26:55 PM PST · by lowbridge · 34 replies
    http://www.dailymail.co.uk ^ | january 3, 2013 | hayley peterson
    Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. Earners in the latter group will pay an average 1.3 percent more - or an additional $2,711 - in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent - or up to $1,784 - the D.C.-based think tank reported. Overall, nearly 80 percent of households will pay more money to the federal government as a result of...
  • Fiscal Irresponsibility Day. Washington rams through an appropriately hideous deal.

    01/03/2013 7:03:30 AM PST · by SeekAndFind · 8 replies
    Reason ^ | 01/03/2013 | Matt Welch
    It's the deficit-reduction package that doesn't reduce the deficit. It's the debt-ceiling deal that doesn't touch the debt ceiling (and doesn't cut debt). It's the long-term entitlement negotiation that—after nearly three years of wheedling—does not delay, let alone stave off, a Baby Boomer retirement bomb currently on pace to swallow half of federal outlays by 2030. Say this for the fiscal cliff-avoidance bill that passed on New Year's Day—it is a near-perfect expression of Washington's grotesque devolution since Bill Clinton left office. Not only have a succession of Republican and Democratic presidents and congresses combined to jack up spending from...
  • Urgent Message to the GOP in the House of Representatives..

    01/01/2013 4:15:16 PM PST · by Obama_Is_Sabotaging_America · 34 replies
    Obama_Is_Sabotating_America ^ | January 01, 2013 | Obama_Is_Sabotating_America
    DON'T DO IT. To Boehner, McConnell, Cantor, and all other Republicans in the House, under NO circumstances shall you betray your country, party and our Constitution by feeding into the Socialists' (masquerading as Democrats) continued assault on the American economy. You MUST realize by now that the mission of the Obama regime is to force the United States into a debt we will NEVER recover from.. His 'Cloward & Piven' strategy of dispensing entitlements like candy and spending relentlessly without any regard to cutting spending for the purpose of CRASHING OUR REPUBLIC FOR REPLACEMENT WITH HIS NATIONAL SOCIALIST UTOPIA is...
  • Eric Cantor Leads GOP Charge Against Senate Cliff Bill

    01/01/2013 4:46:22 PM PST · by SeekAndFind · 43 replies
    Newsmax ^ | 01/01/2013
    Last-minute efforts to step back from the fiscal cliff ran into trouble on Tuesday as Republicans in the House of Representatives balked at a deal that would prevent Washington from pushing the world's biggest economy into a recession. House Republicans complained that a bill passed by the Senate in a late-night show of unity to prevent a budget crisis contained tax hikes for the wealthiest Americans but no spending cuts. Some conservatives sought to change the bill to add cuts. That would set up a high-stakes showdown between the two chambers and risk a stinging rebuke from financial markets that...
  • CNN: Clinton Itching To Testify on Benghazi Issue

    01/01/2013 5:27:45 PM PST · by hole_n_one · 62 replies
    CNN ^ | 12/30/2012
    From the CNN transcript.........ELISE LABOTT, is a CNN FOREIGN AFFAIRS REPORTERLEMON: Yes. And -- and also traveling with her, you said would -- you know, she's relentless and she is one of those people from -- you know, her husband and her, I've seen them at events, every hand they shake, they're the -- usually the first people to enter the room and the last people to leave. And she is committed as Secretary of State and the president has said as such -- as much just recently over the past couple of weeks. ............................. .................LABOTT: She was, you know,...
  • Senate passes fiscal-cliff deal; House vote next

    01/01/2013 11:36:51 AM PST · by SeekAndFind · 26 replies
    Hotair ^ | 01/01/2013 | Ed Morrissey
    I'm a little under the weather today --- a drag when you have family visiting from out of town --- so we're a little late getting a thread started on the Biden-McConnell fiscal-cliff deal. The Senate voted overwhelmingly in favor of the package, which deals with tax rates but pushes spending decisions out another two months: The Senate, in a pre-dawn vote two hours after the deadline passed to avert automatic tax increases, overwhelmingly approved legislation on Tuesday that would allow tax rates to rise only on affluent Americans while temporarily suspending sweeping, across-the-board spending cuts.The deal, worked out in...
  • House Republicans blast Senate 'cliff' bill

    01/01/2013 11:10:51 AM PST · by Libloather · 32 replies
    The Hill ^ | 1/01/13 | Pete Kasperowicz
    Several Republicans took to the House floor Tuesday afternoon to slam the Senate-brokered "fiscal cliff" bill that was passed earlier in the morning, calling it a rush job that raises taxes and delays most of the spending cuts planned for this year. "So we find ourselves again with a bill that reflects not financial wisdom, but the seductive spirit that pervades this town," Rep. Scott Rigell (R-Va.) said. "Leaders in Washington continue to over-promise. They're likes salespeople who tell their customer they can have an $30,000 car but only pay $18,000 for it. Who doesn't like that deal?" Rep. Louie...
  • 2012 in Review

    01/01/2013 11:15:24 AM PST · by Kaslin · 1 replies
    Townhall,com ^ | January 1, 2012 | Armstrong Williams
    Time Magazine has just named President Obama as their Person of the Year. This has been, of course, controversial, and for the usual reasons: much like with the President’s Nobel Peace Prize, one has to wonder what he actually did to deserve it. Surely getting reelected is important, but beside the point; what matters is what you do in office, and I just don’t see much in the way of achievement by the President this year, in which he spent most of it either campaigning or doing nothing to avoid rocking the boat before the election. But Person of the...
  • "Fiscal cliff" deal reached between White House, lawmakers: source

    12/31/2012 7:03:38 PM PST · by Nachum · 60 replies
    reuters ^ | 12/31/12 | reuters
    (Reuters) - The White House and congressional lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday. President Barack Obama called Democratic Senate Majority Leader Harry Reid and House of Representatives Minority Leader Nancy Pelosi, who both signed off on the deal, one source said. The agreement includes a balance of spending cuts and revenue increases to pay for the delay in the automatic spending cuts that would go into effect without a deal by lawmakers.
  • Ed Schultz: Obama Took "Republicans To The Cleaners" In Fiscal Cliff Deal (video)

    12/31/2012 8:52:07 PM PST · by i88schwartz · 67 replies
    RealClearPolitics ^ | December 31, 2012 | RealClearPolitics
    ED SCHULTZ, MSNBC: "If I could just put it this way: the White House is taking the Republicans to the cleaners in negotiation on this. This is a huge win for the White House, if they can get the votes on this. And that's why Schumer is coming out, saying that there's going to be strong Democratic support here. This is a big win for the Democrats, no question about it. A big win for America. This underscores the vote on November 6th, there's no question about it."
  • Noe we have illegal votes in the Senate and house.!!

    12/31/2012 9:19:22 PM PST · by willowdean · 35 replies
    The constitution. | vanity
    All elected officials who were defeated or resigned are not legal to vote!!!READ THECONSTITUTION ( even if you don't read the tyrannical bills.) Those who are are not sworn in are history and cannoy vote for McConnell's "cave in". Please leave our buildings!!Happy new year idiots.
  • Obama, Senate Republicans reach agreement on ‘fiscal cliff’ (All taxes, no cuts)

    12/31/2012 9:32:12 PM PST · by Ernest_at_the_Beach · 78 replies
    The Washington Post ^ | DECEMBER 31, 11:01 PM ET | By Lori Montgomery and Paul Kane,
    President Obama and Senate leaders struck a bipartisan agreement late Monday to let income taxes rise sharply for the first time in two decades, fulfilling Obama’s promise to raise taxes on the rich and avoiding the worst effects of the “fiscal cliff.”The agreement, brokered by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.), primarily targets taxpayers who earn more than $450,000 per year, raising their rates for wages and investment profits. At the same time, the deal would protect more than 100 million households earning less than $250,000 a year from income tax increases that are scheduled to...
  • Obama’s leadership failure

    12/31/2012 9:36:34 PM PST · by Kaslin · 14 replies
    Flopping Aces ^ | Decewmber 31, 2012 | Robert J. Samuelson WaPo op-ed:
    The “fiscal cliff” is a massive failure of presidential leadership. The tedious and technical negotiations are but a subplot in a larger drama. Government can no longer fulfill all the promises it has made to various constituencies. Some promises will be reduced or disavowed. Which ones? Why? Only the president can pose these questions in a way that starts a national conversation over the choices to be made, but doing so requires the president to tell people things they don’t want to hear. That’s his job: to help Americans face unavoidable, if unpleasant, realities. Barack Obama has refused to play...
  • House won't vote on any deal until after cliff deadline

    12/31/2012 9:58:28 PM PST · by SeekAndFind · 40 replies
    CNN Political Ticker ^ | December 31st, 2012 02:17 PM ET
    <p>Washington (CNN) – House GOP sources told CNN the House is increasingly unlikely to vote on any fiscal cliff package until New Year's Day, after the midnight deadline and after tax rates have technically already gone up.</p> <p>The reason is partly about process, but the benefit is political.</p>
  • Portman Tells Obama to Rescind Federal Pay Raises

    01/01/2013 1:01:58 AM PST · by Olog-hai · 14 replies
    Newsmax ^ | Monday, 31 Dec 2012 06:26 PM | Stephen Feller
    Republican Sen. Rob Portman on Monday called on President Barack Obama to rescind government pay raises—including his own—saying they are out of line at a time the country is struggling to get its debt under control. … Under the executive order issued on Thursday, most members of Congress would receive a $900 annual raise, pushing their salary to $174,900. House Speaker John Boehner and the leaders of each party in each house would gain $1,100 a year. Vice President, Biden would get the biggest bump, with an increase of more than $6,000 to $231,900. …
  • ObamaCare, 2013, and the Start of the GOP Comeback

    01/01/2013 12:45:42 AM PST · by 2ndDivisionVet · 19 replies
    Commentary Magazine ^ | December 31, 2012 | Peter Wehner
    Right now the political landscape is grim for Republicans–and in the short term, thanks to the so-called fiscal cliff, things may get grimmer still. But moments like these can pass, often quicker than we think. And next year may turn out to be one in which the pernicious effects of the Affordable Care Act–aka ObamaCare–really begin to kick in, from higher premiums to the loss of employer-based health insurance to the start of enrollment in insurance exchanges. It will become more and more clear to the public what a nightmarish law the Affordable Care Act actually is. “The administration is...
  • Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases

    01/01/2013 12:58:59 AM PST · by 2ndDivisionVet · 37 replies
    Breitbart's Big Government ^ | December 31, 2012 | Matthew Boyle
    According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts. When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of 3:1 and 2:1. “In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes,” Americans for Tax Reform says of those two incidents...
  • Fiscal Cliff Boondogle - How the Senate Voted

    01/01/2013 6:44:16 AM PST · by upchuck · 25 replies
    US Senate ^ | Tuesday, January 1, 2013
    Link to how they voted.
  • Cliff frustration mounts among House GOP

    01/01/2013 6:16:59 AM PST · by Cheerio · 16 replies
    Politco ^ | 12/31/12 | KATE NOCERA
    “We’re extremely disappointed. There was no need for this drama on New Year’s Ever because the House completed its work last August,” said Rep. Michele Bachmann (R-Minn.) “[This] is a cynical attempt on the part of the President to ensure that he has complete Democrat control, House of Representatives and Senate, in the final term.”
  • $1 Trillion Obamacare Tax Hike Hitting on Jan. 1

    01/01/2013 6:10:39 AM PST · by RoosterRedux · 19 replies
    Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1. In total, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office. The five major Obamacare taxes taking effect on January 1 are as follows: The Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. In addition to killing small business...
  • Senate passes massive tax cut which raised taxes over $600 billion in middle of night..

    01/01/2013 5:52:20 AM PST · by Perdogg · 21 replies
    Legal insurrection. ^ | Posted by William A. Jacobson
    There are too many metaphors here applicable to the Senate’s 89-8 passage of a “fiscal cliff” bill in the middle of the night (around 2 a.m. this morning). The bill raised taxes by over $600 billion, in addition to Obamacare taxes already coming on line, yet the Senators can claim it was a massive tax cut because the vote took place after midnight, so technically the Bush tax cuts already had expired.
  • Grading the Fiscal Cliff Deal: Terrible, but Could Be Worse

    01/01/2013 9:23:28 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | January 1, 2013 | Daniel J. Mitchell
    There’s no official agreement, so everything you read here may turn out to be nonsense, but it appears that the misfits in Washington have reached a deal on the fiscal cliff. It seems as though my prediction about the outcome was correct. Not that this makes me happy.First, the good news.………Oh, wait, there isn’t any.Now for the bad news.The top tax rate will increase to 39.6 percent for entrepreneurs, investors, small business owners, and other “rich” taxpayers making more than $400,000 ($450,000 for married couples). This is Obama’s big victory. He gets his class-warfare trophy.The double tax on dividends and...
  • McConnell and Biden to the rescue; the grandstanders holler (RINO celebrates McConnell's tax hikes)

    01/01/2013 8:53:33 AM PST · by jimbo123 · 64 replies
    Washington Post ^ | 1/1/12 | Jennifer Rubin
    By a vote of 89 to 8 to approve a fiscal deal, the Senate demonstrated that President Obama surely is the most incompetent if not counterproductive deal-maker in an era that requires a good one. Sen. Mitch McConnell (R-Ky.) and Vice President Biden found the middle ground, with McConnell sneaking in a few gems. -snip- This is what compromise looks like. -snip- The vote once again shows that right-wing bullies like the Heritage Action Fund that threatened to “score” the vote (i.e., give lawmakers a demerit and set them up for primary challenges) are powerless in the face of real-world...
  • Senate Bill raises AlL Taxes

    01/01/2013 8:35:57 AM PST · by zerosix · 30 replies
    1/1/13 | Self
    Just received an email from my accountant informing of tax increase on ALL American taayers.
  • The House Should Adjourn (they're back on Thursday anyway)

    01/01/2013 10:24:52 AM PST · by cotton1706 · 18 replies
    The House should just adjourn. The president can no longer threaten them with calling them back into session since they're back on Thursday anyway and the Senate cannot prevent them from adjourning since the current session is over in less than the Constitutional three day requirement where the Senate can object. If the House adjourns, the Senate bill dies and cannot act again on any tax bill until it receives something, anything from the House. And all the republicas senators who voted for McConnell's "compromise" bill can reap the political rewards of voting to increase taxes while getting nothing for...
  • Fiscal Abyss Bill Passes Senate – Barely Touches the Trillion Dollar Deficit

    01/01/2013 9:52:23 AM PST · by whitedog57 · 8 replies
    Confounded Interest ^ | 1/1/2013 | Anthony B. Sanders
    The US Senate passed a bill last night to avoid the fiscal abyss. Actually, it just bypasses it and does nothing about putting our disastrous fiscal house in order. Here is the actual bill in all its gory details: 118551686-Mat-12564 The Senate bill raises income tax rates for those taxpayers with incomes more than $400,000 for individuals and $450,000 for couples from 35 percent to 39.6 percent. These higher income taxpayers will also pay higher rates on investment income, with rates on dividends and capital gains rising from 15 percent to 20 percent. Add the 3.8 percent Obamacare surcharge on...
  • White House declares victory

    01/01/2013 9:52:15 AM PST · by Cheerio · 3 replies
    politco ^ | 1/1/13 | DONOVAN SLACK
    The White House issued a "fact sheet" statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure. "At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy," the statement says. "For the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.
  • Fiscal Cliff Deal: Obama Takes Less In Revenue In Exchange For Destroying The GOP

    01/01/2013 9:51:43 AM PST · by Para-Ord.45 · 26 replies
    http://ace.mu.nu/ ^ | January 01 2013 | —DrewM.
    It's hard to rundown all the spending/tax hike ramifications since they passed the damn thing at 2am on New Years Day but the politics of the deal are quite clear. WH tells colleague Ed Henry Obama broke R's tax pledge. Calls it "1 of the most consequential policy achievements of the last couple decades And what did the GOP get for this? Nothing. I doubt the House GOP has the stones to decline this invitation to sign their own death warrant. But don't worry guys...we'll get those spending cuts in the debt ceiling deal! This was the key surrender that...
  • White House declares victory

    01/01/2013 9:52:16 AM PST · by Cheerio · 69 replies
    politco ^ | 1/1/13 | DONOVAN SLACK
    The White House issued a "fact sheet" statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure. "At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy," the statement says. "For the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.
  • Pelosi: House Dems will look at deal after Senate passage

    12/31/2012 7:37:54 PM PST · by Libloather · 31 replies
    Washington Post ^ | 12/31/12 | Felicia Sonmez
    House Minority Leader Nancy Pelosi (D-Calif.) said Monday night that she will present the fiscal cliff deal to House Democrats as soon as it’s approved by the upper chamber. “I understand at the present time, Senate Democrats are meeting with the Vice President,” Pelosi said in a statement. “When a final agreement is reached and passed by the Senate, I will present it to the House Democratic Caucus.”
  • Obama Proposes Last Minute "Mini Deal," Adding Milk Lobby Bonus

    12/29/2012 11:07:56 AM PST · by Kaslin · 30 replies
    Townhall.com ^ | December 29, 2012 | Mike Shedlock
    The one thing I am always afraid of in budget negotiations is that virtually nothing is done, or worse yet, something counterproductive is done. Obama's latest Fiscal Cliff "Mini-Deal" Proposal is exactly the kind of counterproductive nonsense I am talking about. Assuming the above Atlantic Wire article is correct ...   The deal would delay or replace the vast majority of spending cuts called for in the automatic sequester. The deal would extend unemployment benefits The deal would stop planned cuts to Medicare reimbursements Out of the blue, and probably an attempt to buy farm-state votes, the deal purportedly would include...
  • Buffett: America’s Seen Worse Problems than Fiscal Cliff

    12/29/2012 10:45:07 AM PST · by Olog-hai · 28 replies
    Newsmax ^ | Saturday, 29 Dec 2012 10:24 AM | Sandy Fitzgerald
    Warren Buffett says he’s optimistic the nation’s debt problems will be solved, despite the political fighting that’s threatening to put the country over the “fiscal cliff.” … “The United States is richer than it’s ever been. We have $50,000 or so of GDP per person. But we’ve overpromised and we’ve also under taxed to some extent, so we find ourselves with this great fiscal imbalance. But it was man made. We’re a rich country. It can be solved. … We’ll be able to overcome this problem. America has faced a lot tougher problems than this one. We’ll get it solved.”...
  • Reid, McConnell working on new fiscal-cliff plan

    12/29/2012 10:22:33 AM PST · by SeekAndFind · 21 replies
    Hotair ^ | 12/29/2012 | ED MORRISSEY
    Looks like John Boehner may get his wish. After his Plan B collapsed, Boehner has insisted that the ball is in the Senate’s court, as the House has already passed legislation that would resolve the fiscal cliff. The Hill reports that Harry Reid and Mitch McConnell are now working on a plan that they will reveal sometime tomorrow — as the eleventh hour ticks away: Senate Majority Leader Harry Reid (D-Nev.) and Republican Leader Mitch McConnell (Ky.) are working on an agreement to avoid across-the-board tax hikes and plan to show it to colleagues Sunday.Senate leaders emerged optimistic from a...
  • Bush Tax Rates: Democrats were against it before they were for it

    12/29/2012 9:57:03 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | December 29, 2012 | Bob Beauprez
    One of the more hysterical components of the fiscal cliff saga is watching the Democrats falling all over themselves to champion the importance of preserving the existing tax rates – the George W. Bush Tax Rates – for nearly every American taxpayer.  The President last offer to Speaker Boehner would preserve the Bush Tax Rates for at least 99.5% of all taxpayers according to IRS data (all but individuals above $400,000 annual income). To be clear, there's nothing funny about the fiscal mess that our nation is in.  It's real.  It's serious.  And, if Washington fails to get its act...
  • Reid, McConnell to Seek Budget Compromise Plan

    12/29/2012 9:07:54 AM PST · by Libloather · 13 replies
    Real Clear Politics ^ | 12/28/12 | Alexis Simendinger
    Senate leaders Harry Reid and Mitch McConnell agreed Friday to work through the weekend to develop a possible fiscal-cliff plan they hope could pass in both chambers of Congress before Dec. 31. The eleventh-hour effort was the upshot of an hour-long discussion at the White House among congressional leaders and President Obama. Speaker John Boehner told the group that the House, which is scheduled to return to work Sunday night, will act only after the Senate makes the next move. Should Congress fail to ratify legislation in time for Obama to sign it before midnight Monday, more than $500 billion...
  • Feinstein Goes For Broke With New Gun-Ban Bill

    12/29/2012 7:33:08 AM PST · by IbJensen · 42 replies
    NRA ^ | 12/27/2012 | NRA/ILA Staff
    Sen. Dianne Feinstein (D-Calif.)—author of the federal “assault weapon” and “large” ammunition magazine ban of 1994-2004—has announced that on the first day of the new Congress—January 3rd— she will introduce a bill to which her 1994 ban will pale by comparison. On Dec. 17th, Feinstein said, “I have been working with my staff for over a year on this legislation” and “It will be carefully focused.” Indicating the depth of her research on the issue, she said on Dec. 21st that she had personally looked at pictures of guns in 1993, and again in 2012. According to a Dec. 27th...
  • The WaPo Kerry Endorsement: Curious and Curiouser

    12/29/2012 7:13:25 AM PST · by Kaslin · 25 replies
    Townhall.com ^ | December 29, 2012 | Ken Blackwell
    Editor's Note: This column was coauthored by Bob Morrison. The editorial staff of the Washington Post, surely meant well. They wanted readers to think that Sen. John Kerry’s vast experience in foreign policy over four decades equips him to serve as Secretary of State in the second Obama administration. The editorial, titled “John Kerry: Well-suited to be Secretary of State,” gets that part right. The natty Mr. Kerry certainly looks the part of a globe-trotting senior U.S. diplomat. As to his qualifications for that role, we’re reminded of Frederick the Great’s response when he was urged to make a less...
  • Feinstein Goes For Broke With New Gun-Ban Bill

    12/29/2012 7:32:08 AM PST · by IbJensen · 30 replies
    NRA ^ | 12/27/2012 | NRA/ILA Staff
    Sen. Dianne Feinstein (D-Calif.)—author of the federal “assault weapon” and “large” ammunition magazine ban of 1994-2004—has announced that on the first day of the new Congress—January 3rd— she will introduce a bill to which her 1994 ban will pale by comparison. On Dec. 17th, Feinstein said, “I have been working with my staff for over a year on this legislation” and “It will be carefully focused.” Indicating the depth of her research on the issue, she said on Dec. 21st that she had personally looked at pictures of guns in 1993, and again in 2012. According to a Dec. 27th...