Posted on 12/13/2010 1:55:29 PM PST by rightistight
The tax cut compromise reached by President Obama and Republicans has passed its first hurdle in the Senate. According to breaking news, the tax deal has gained the 60 votes it needed to advance in the Senate. This would pave the way for the bill's passing in only a day or two.
Despite the fact that the bill has now passed its first test, it has been met with some resistance by both Democrats and Republicans. Some Democrats argue that there should be no extension of tax cuts, while many Republicans believe that the extra spending in the bill would increase the deficit.
The compromise came after President Barack Obama compared Republicans to terrorists who were holding the middle class "hostage." After his political talking points, however, the President actually decided to try to work with Republicans instead of mindlessly bashing them.
(Excerpt) Read more at punditpress.blogspot.com ...
they are saying that it costs about 900 billion... is that in lost revenue? more unemployment benefits?
How can a tax cut bill ‘cost’ something? pork?
I believe they added ethanol credits and other pork.
Its the wackos in the House that’ll kill this thing.
Little noticed in 0bama’s hostage speech was his special message to al qaeda:
(paraphrasing) “All they need to do to get America to buckle is to take some hostages AND HURT THEM.”
A clear message that I assure you is not lost on them.
FOOLS! ALL OF THEM!
NO PORK! Just vote up or down on the tax cuts. Geez, these guys don’t learn anything from elections.
Exactly!
It needs to be killed and taken up again in January as a stand alone bill.
If the Pubbies got the message from November, they would CUT taxes instead of just maintaining the status quo.....though I won't hold my breath.
re: FOOLS! ALL OF THEM!
And a pox on their house.
This bill didn’t need to be more than one or two sentences to the effect that tax rates as set in place by whatever bill it was will be extended for two years.
There should not have been a single penny of spending as part of this bill.
All I can say is I sure hope and pray the new group that comes in month or so from now shows more determination to cut spending. I want it done the other way this time, cut spending THEN deal with taxes, not the way it’s always been done.
I disagree that this was a message to Al Quaeda... after all, how do you explain all of the pork in the bill?
Good, this version of the bill deserves killing. Take swift action in the NEXT Congress retroactive to Jan 1st.
Got to say this again:
Rev II moves closer. For those who need a wake up call, here is a quote from the DOI:
Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
ML/NJ
Idiots.
Drop this thing, raise my taxes in January and get a real “negotiated” deal.
If Bill Clinton can tax me retro-actively then they can reverse my tax increase retro-actively.
Ugghhh, after this is Dream and DADT.......
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