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Cantor: Obama Scuttled Debt Deal With Trillion-Dollar Tax Demand
CNS News ^ | 7/13/11 | Matt Cover

Posted on 07/13/2011 7:55:05 AM PDT by markomalley

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To: markomalley

The “Bush tax cuts” issue was settled in December, 2010 until 2013- it’s like a contract that was signed. It’s over. You don’t allow the other party to get away with demanding some new contract with drastic changes just eight months after you signed the last one.

The economy needs some certainty on where taxes will be- the extension until 2013 gave it that (as best it could under the circumstances). And massive new taxes would damage the economy even more now.

The sole focus should be on spending, and the Republicans need to emphasize that they have made massive concessions already from the $6 Trillion in cuts they wanted earlier to the minimal $2 T in cuts now.


21 posted on 07/13/2011 10:15:09 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: PetroniusMaximus

“...What is this janitor doing in the White House?...”

Stocking the shelves with peas.


22 posted on 07/13/2011 10:34:09 AM PDT by NCC-1701 (In Memphis on January 20, 2009, pump price were $1.49. We all know what happened after that.)
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To: Logical me


"Every time I read this stuff my mind goes back to those that wouldn’t go for McNut. How is America now with your no vote or just staying home. For the hell of it, why don’t the same bunch do it in 2012. "



Peculiar how you condemn conservative voters for not supporting a RINO. Do you expect conservatives to be supporting another RINO today? Romney, Perry, or some other Big Government Socialist?


Watch and see, the GOP will lose another one, if they don't put forth a real conservative contender. Your kind of just-winism is what got America to where she is today...it certainly wasn't a one term president.


I will write in a conservative name if forced to and I know a few hundred other people who think just like that, and I don't know that many people comparatively speaking to the people they know.


The GOP may just be a power of the past, if they don't wake up, the way I see it. What this atheistic socialist president has done, and thank God he has, is wake people up to the real threat of atheistic socialism. It was moving so slowly before, people were too complacent. Now, it will be reversed and not simply coddled like Bush and the Romney's of the world desire.




23 posted on 07/13/2011 10:35:10 AM PDT by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: PetroniusMaximus

“...What is this janitor doing in the White House?...”

Stocking the shelves with peas.


24 posted on 07/13/2011 10:37:54 AM PDT by NCC-1701 (In Memphis on January 20, 2009, pump price were $1.49. We all know what happened after that.)
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To: markomalley
Can you imagine the impact on the real estate market occasioned by the elimination of the interest deductibility?
25 posted on 07/13/2011 10:40:29 AM PDT by arrogantsob (Why do They hate her so much?)
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To: arrogantsob
Can you imagine the impact on the real estate market occasioned by the elimination of the interest deductibility?

Maybe it is a bad thing to eliminate the mortgage interest deduction in the short term, but ultimately it is the mortgage interest deduction that is the biggest obstacle to any sort of tax reform involving a flat tax. When asked whether one would support a flat tax with no deductions, most people opposed it because they would lose their mortgage interest deduction. I like the deduction at tax time, but I really don't like it because it is a glaring example of using the tax could for social engineering. It is patently unfair to people who rent who make the same amount of money, and pay the same amount for housing costs, but don't end up with any equity after 40 years, and a gimme for banks who want people in 40-year mortgages so that they are always paying interest.

26 posted on 07/13/2011 12:44:36 PM PDT by webheart (Just saying.....)
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To: Eva

“I don’t think that McConnell’s plan is so bad.”

How many plans do the Republicans need? Barry and the senate dims deserve unending Alinsky style ridicule for their no see um budgets.

Anything that takes the focus off barry and his “leadership” in this economic crisis is a negative for the Republicans.


27 posted on 07/13/2011 12:47:05 PM PDT by lodi90
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To: lodi90

That’s the point, while Reid claims that this takes the focus off of Barry, the truth is just the opposite. The McConnell plan challenges Barry to propose the cuts that he is willing to make, not once, but three different times, bringing up this issue, three different times, with Obama being forced to propose more cuts. If Obama attaches any tax increase to the cuts, the deal just won’t pass the house.


28 posted on 07/13/2011 12:52:50 PM PDT by Eva
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To: Eva

“If Obama attaches any tax increase to the cuts, the deal just won’t pass the house.”

FRiend, why would we want to get into such a debate now? Barry and the senate dims still have not presented a current budget! What makes you think they would honor such an agreement and present serious budget cuts? He would cut aircraft carriers or some such nonsense.

I think it is clear by now that obama is not cutting anything substantial in FY 2012 regardless of tax increases. He would rather filibuster the debt negotiations and get a phony cut deal. Then he will attack the Republicans heading into 2012 regardless of the outcome.


29 posted on 07/13/2011 2:30:56 PM PDT by lodi90
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To: lodi90

“Boehner should have proposed a public debt summit”

Maybe, but would just be more political theatre.

We have to stop beating up the GOP leadership over this, for a simple reason:

- It is impossible to make a good deal with Obama
- Obama is very stubborn and only wants a tax hike in the deal
- Obama is doing what he can to angle for reelection


30 posted on 07/13/2011 2:50:34 PM PDT by WOSG (Herman Cain for President)
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To: WOSG

“We have to stop beating up the GOP leadership over this”

I want to agree. I am not a fan of Boehner/McConnell but I really want to be in their corner while this trench warfare goes on. But they simply must go on offense. Boehner walked out and now has not backed it up with clear demands. obama is just going to filibuster this thing through August 2nd. Where is McConnell’s defense of Sen. Sessions today, etc., etc. Attack, darn it!


31 posted on 07/13/2011 3:11:48 PM PDT by lodi90
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To: Logical me

“Every time I read this stuff my mind goes back to those that wouldn’t go for McNut. How is America now with your no vote or just staying home. For the hell of it, why don’t the same bunch do it in 2012. Who gives a crap about your freedom or standard of living anyway? Even now most of the GOP don’t.:

Reminds me of the statement:
“We had to burn this village in order to save it.”
Scorched earth politics is the worst.

If McCain was president, we’d have a whole different environment of massive and total blame for the economy ... BUT we would likely have a BETTER economy, if only because marxists wouldnt be worming into everything. We’d not have obamacare, etc. We would have a smaller govt. etc.

we would have freepers ragging him for being a RINO and a ton of things we wouldnt like ... BUT ... the country would have been better off.

So ... what’s the right answer? It sure as heck is not to reelect Oba-mao.


32 posted on 07/13/2011 3:17:23 PM PDT by WOSG (Herman Cain for President)
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