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Van Hollen (D-Md): Tax deal will come to floor, but estate tax is sticking point for Dems
The Hill ^ | 12/12/2010 | Bridget Johnson

Posted on 12/12/2010 7:56:49 PM PST by Qbert

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"Van Hollen...insisted that Senate Republicans, in striking the deal with the president, had not insisted on a provision of setting the tax of 35 percent on estates over $5 million as a "central portion of this deal."

-Is he putting words into their mouths, or is this true?...

1 posted on 12/12/2010 7:56:56 PM PST by Qbert
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To: Qbert

He pushed backed against criticism of the deal from some on the right, admitting “there are parts of this bill I do not like.”

“But the worst thing we can do is hit the economy with an across the board tax increase in January,” he said. “If we don’t pass this then we will have damage.”

Paul Ryan and the rest of the Republicans still don’t have a clue.


2 posted on 12/12/2010 8:01:44 PM PST by sheana
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To: Qbert

This whole bill stinks to high heaven. The Republicans, it looks like, haven’t learned a thing in the last election. They ar about to pass a bill that is nothing more than give away the treasury for the next 50 years. The spending attached would demand that taxes go up just to pay for it. I would be more than pleased if the bill were defeated or dropped and they started over again next year.


3 posted on 12/12/2010 8:05:35 PM PST by engrpat (A village in Kenya is missing their idiot...lets send him back)
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To: Qbert

Fine, scuttle it. Give the country a taste of higher taxes and expired unemployment benefits for 3 weeks, then start over on Jan 21st when they’ll be clamoring for even MORE tax cuts - and deep spending cuts to go with it!


4 posted on 12/12/2010 8:05:55 PM PST by DTogo (High time to bring back the Sons of Liberty !!)
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To: Qbert

No Deal!

5 posted on 12/12/2010 8:06:27 PM PST by RedMDer (Forward with Confidence!)
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To: Qbert

By the time this cold front makes its way from the Ohio river valley to Foggy Bottom, the Democrats might have to stick their hands in their own pockets.
(**baddaboom**)


6 posted on 12/12/2010 8:07:36 PM PST by tumblindice (We sleep safely in our beds because rough men stand ready to do violence in the night. Eric Blair)
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To: DTogo

Agree


7 posted on 12/12/2010 8:08:13 PM PST by Slehn (Resolve)
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To: DTogo

This doesn’t have to be done today. In January they can make everything retroactive. It has been done before. Instead they are terming this as a ‘crisis’ that has to be done now, even if the deal stinks.
Same old, same old.


8 posted on 12/12/2010 8:08:23 PM PST by sheana
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To: RedMDer

Why don’t they eliminate the estate tax in 2011 instead of 2012.

There shouldn’t have been an estate tax. People were taxed when they made the income.


9 posted on 12/12/2010 8:09:06 PM PST by RummyChick
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To: Qbert

The estate tax is disgusting. You work hard your whole life to leave something for your kids and the greedy politicians want to take it from them!!


10 posted on 12/12/2010 8:09:55 PM PST by Carbonsteel
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To: sheana; Slehn

Never let a crisis go to waste.


11 posted on 12/12/2010 8:12:50 PM PST by DTogo (High time to bring back the Sons of Liberty !!)
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To: Carbonsteel
The estate tax is disgusting. You work hard your whole life to leave something for your kids and the greedy politicians want to take it from them!!

No kidding...between the estate tax, federal & state income taxes, sales tax, insurance costs, lawsuits, federal & state regulations, etc....is it any wonder that there are very few people wanting to start new businesses...what's the motivation? If the government is going to take well more than half while your alive and dead...why bother?

12 posted on 12/12/2010 8:14:21 PM PST by BookmanTheJanitor
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To: RummyChick

No deal until 2011. We won and it can all wait a few more weeks and let our guys take care of all of that after they office. The rats have had 2 tears to address all of this and now they want to hurry up and shove a whole bunch of unrealated crap in with their proposals.


13 posted on 12/12/2010 8:15:01 PM PST by RedMDer (Forward with Confidence!)
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To: sheana

“Paul Ryan and the rest of the Republicans still don’t have a clue.”

::::::::::::::::

The Republican leadership does not know how to fight. And they do not understand what is at stake here — we are fighting for our very freedom!...from a totalitarian government. In some ways, it is like the November election never happened....


14 posted on 12/12/2010 8:15:19 PM PST by EagleUSA
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To: Qbert

I hope it fails. The GOP can do better next year without running up the deficit. This has become TARP2


15 posted on 12/12/2010 8:16:35 PM PST by GeronL (#7 top poster at CC, friend to all, nicest guy ever, +96/-14, ignored by 1 sockpuppet.. oh & BANNED)
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To: Qbert

It’s just damn confounding to me as to how a political party could be so dedicated/addicted to sticking it to people by using taxes.

They would have no problem at all giving unemployment checks to someone indefinitely, but feel that the government should step in and CONFISCATE what’s left of someone’s life’s work when they die and leave it to their children. It’s truly sick!

I can’t even begin to put myself in their place.

Let’s face it. Through their actions, it’s obvious that the democrats and liberals HATE anyone that succeeds and becomes wealthy. They punish the successful with their policies. Where they are shortsighted is they NEED wealthy people for taxes to fund their programs. Eventually they are going to keep this shit up until they kill their golden goose. Capital flight is going to be a bitch for them.


16 posted on 12/12/2010 8:17:57 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: sheana

“Paul Ryan and the rest of the Republicans still don’t have a clue.”

What really gets me lately is that since the original “deal” was made between Obama and the GOP leaders, all this pork has been added on...and not a single Repub (to my knowledge) has demanded any spending cuts in return. You don’t let the other side dictate the additional terms to an offer like this, and sit there desperately clawing onto the original “deal”...

Do the Repubs know anything about basic negotiating?


17 posted on 12/12/2010 8:21:22 PM PST by Qbert
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To: Qbert

If there is gridlock on the death tax, the Feds will get 18% of the first dollar of inheritance graduated up to 55% at five million. There are a lot of progressives that want just this. This will be higher once the states get their mitts on your folkes hard earned and already taxed money. From each according to their ability, to each according to their need.


18 posted on 12/12/2010 8:32:12 PM PST by JimSEA
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To: Carbonsteel
The estate tax is disgusting. You work hard your whole life to leave something for your kids and the greedy politicians want to take it from them!!

I'm with you there. People work hard their entire lives. They pay taxes on every {expletive} dime they make. Then when they are gone, they would like to leave something to their offspring so that they can have a better life... Yet the government wants to step in and tax them again on assets that have already been taxed, and taxed, and taxed.

I believe the estate tax should be eliminated, period.

19 posted on 12/12/2010 8:33:58 PM PST by ThunderSleeps (Stop obama now! Stop the hussein - insane agenda!)
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To: engrpat

“I would be more than pleased if the bill were defeated or dropped and they started over again next year.”

Yep. And IIRC, Jim DeMint pointed out in opposing this deal that even with the proposed lower 35% estate tax, over 800,000 jobs will be lost in the next ten years.

Just say no.


20 posted on 12/12/2010 8:40:59 PM PST by Qbert
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