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Dems to Extend Bush's Middle Class Tax Cuts
Time Magazine ^ | July 21, 2010 | Jay Newton-Small

Posted on 07/21/2010 6:04:27 PM PDT by 2ndDivisionVet

Edited on 07/21/2010 7:26:20 PM PDT by Admin Moderator. [history]

Just when you thought Congress was spent -- literally -- and done for the year they'll turn around and surprise you. No money left to do anything? United Republican opposition? Democrats are planning to take on the great white whale of spending: extending President Bush's middle class tax cuts. The cost is estimated from $1.6 trillion to extend them to as much as $2.7 trillion to make them permanent. According to Senate Democratic sources, the latter is what they're going to go for -- and they're planning to do it before the midterm elections.


(Excerpt) Read more at swampland.blogs.time.com ...


TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: bushtaxcuts; congress; democrats; economy; taxcut; taxcuts; taxes
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To: genxer

I know it is. Thanks for stating it though. I can get around it but corporate will be screwed.


61 posted on 07/21/2010 7:24:52 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: funfan

Well you didn’t see tax increases in the Healthcare reform crap either and you didn’t see death panel there either but both are true.


62 posted on 07/21/2010 7:26:04 PM PDT by Typical_Whitey (Our nation has a choice, Vote or Die.)
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To: Bryher1

Please see my post # 59.


63 posted on 07/21/2010 7:26:10 PM PDT by justiceseeker93
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To: xkaydet65

Agreed, it would be a good move by the rats.

Of course it goes against everything they preach and claim to believe in, but in these desperate times the rats are scurrying for cover.


64 posted on 07/21/2010 7:27:30 PM PDT by mike-zed
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To: randita; holdonnow; kristinn; Alamo-Girl; Lazamataz; Jim Robinson
*PING* to some of the more influential freepers -- anyway to get this idea to people in the GOP or to SarahPAC or somesuch?

Methinks it is an excellent counter to the Dem gambit.

Cheers! And I would guess the Republicans were expecting it as well. Why can’t Republicans respond by saying, okay you don’t want the tax cuts extended for small businesses (which is who’s making $350K), then how about taking their share and giving more tax cuts to the middle class. If Democrats say we can’t afford that, Republicans can say they don’t care about the middle class.

This is an issue that the Democrats will regret bringing up.

65 posted on 07/21/2010 7:29:46 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: 2ndDivisionVet
Show me the legislation.

Time magazine is such a piece of stinking garbage that I refuse to even take their word that such legislation is being considered, much less in the hopper.

They are too shiftless to even mention a legislator's name to associate with this legislation, much less an actual bill name or number.

66 posted on 07/21/2010 7:30:43 PM PDT by snowsislander (In this election year, please ask your candidates if they support repeal of the 1968 GCA.)
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To: ElkGroveDan

The US receipt data shows that not only did the Bush tax cuts stop the slide but it dramatically increase the cash coming into the government. The problem is that the government is incapably of spending restraint.


67 posted on 07/21/2010 7:30:50 PM PDT by Dutch Boy
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To: 2ndDivisionVet
Dems sucking up to voters just prior to a very important election cycle--go figure!
/sarc
68 posted on 07/21/2010 7:36:41 PM PDT by pillut48 ("Now is the time that tries men's souls...")
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To: 2ndDivisionVet

Bookmark


69 posted on 07/21/2010 7:39:06 PM PDT by avacado
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To: Gideon7

If these 1099s do become mandatory, alternative currencies and underground cash transactions will become much more popular.


70 posted on 07/21/2010 7:39:17 PM PDT by tbw2 (Freeper sci-fi - "Sirat: Through the Fires of Hell" - on amazon.com)
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To: 2ndDivisionVet
extending President Bush's middle class tax cuts.

Because they worked. Stealing even more from the working public would be devastating. They've stolen so much already, there's very little left.

71 posted on 07/21/2010 7:42:50 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Carley
They KNOW that raising taxes is poison.

They will lie and spin and twist this both ways. The GOP just increased deficits and the Rats just gave the average guy a break. They're very at that messaging with the compliant media.

72 posted on 07/21/2010 7:46:19 PM PDT by RedMDer (Throw them all out in 2010... Forward with Confidence! Forward!)
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To: 2ndDivisionVet

I like this plan, it will pass with flying colors, it will demoralize the Democratic base.

Meanwhile the GOP will still run on jobs, deficits, and healthcare and the GOP base will remain energized.

Go for it Dems.


73 posted on 07/21/2010 7:47:58 PM PDT by delapaz
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To: 2ndDivisionVet
Like frugal thieves...

"...great white whale of spending: extending President Bush's middle class tax cuts."

Spending?

That's OUR money you leftist scumbag! You leech on two legs! You walking, talking parasite! You Democrat!


74 posted on 07/21/2010 7:49:08 PM PDT by Boucheau
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To: EGPWS

Excellent point.


75 posted on 07/21/2010 7:51:55 PM PDT by Jedidah
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To: italianquaker
You obviously haven't been paying attention for the last 2 years, they have been saying for 2 years now that they liked the MIDDLE CLASS part of the Bush tax cuts, they just didn't like the tax cuts for the rich (defined by Obama to be those making more than $250,000 a year)

Nothing has changed, they are just doing exactly what they said they would.

76 posted on 07/21/2010 7:58:17 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: 2ndDivisionVet

Liar

Tax cuts don’t cost taxpayers a cent

It just slows the feeding of the beast

Wow! I guess the Dems CAN see the tsunami bearing down on their village.


77 posted on 07/21/2010 7:58:30 PM PDT by hattend (Like a termite to wood, Obama only wants to destroy - Mark Levin)
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To: 2ndDivisionVet
This sets a dangerous precedent --

"and behold! Obama opened his hand, and the air was filled with the savor of his fragrance, and the Earth brought forth its fruits."

The idea being that it is government which makes all good things possible.

Look up P.J. O'Rourke's classic All the Trouble in the World, in the chapter "Overpopulation" about Bangladesh, for a sterling example of the attitude:

In Abdur's endless elucidative chitter-chat, every sign of material progress was greeted with the comment, 'Oh the government has just released funds for this now.' A block of middle-class garden apartments on he outskirts of Dhaka, a spate of freshly mudded huts in a rural district, an industrial park: 'Oh, the government has just released funds for this now.' As though funds were a genie and only government could rub the lamp."

Come to think of it, while skimming the chapter to find that exact quote, the government of Bangladesh at that time bears an increasing (and striking!) resemblance to Teh One, Barack Hussein Obama, mmm mmm mmm.

Here are just a few of the companies that the Bangladesh government owns:

These are from a list of enterprises the government is trying to sell off, and I'd like to shake the hand of -- well, meet, anyway -- the man who buys Bangladesh Insulator and Sanitary Ware.

Or consider this for a nation whose only resources are human, whose only hope is an educated workforce and whose present rural literacy rate is 17 percent: 'Minister for Forest, Fisheries, Livestock and Environment Abdullah Al-Noman said...the government had decided to stop import of foreign books excepting those required for research and reference."

Sounds like nationalization of industries, and proliferation of czars, does it not?

Cheers!

78 posted on 07/21/2010 8:02:41 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: CommieCutter

Yeah, I heard that too.


79 posted on 07/21/2010 8:05:06 PM PDT by rabidralph
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To: 2ndDivisionVet

Yeah, 2 + 2 = 5

These people are so thoroughly brainwashed, they can only see NOT CONFISCATING the money people earn as a form of GOVERNMENT SPENDING.

And might I add, effing scumbags, every one of them that thinks this way.


80 posted on 07/21/2010 8:11:33 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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