We need links.
Here ya go!...............
Posted on 08/01/2011 11:06:13 AM PDT by Kevin in California
Edited on 08/01/2011 12:52:01 PM PDT by Admin Moderator. [history]
Just reported that in this debt deal is indeed a BIG TAX HIKE!
This is breaking....:
Tax Hikes 'Impossible' Under Debt Deal? Think Again ...
Published August 01, 2011
| FoxNews.com
The debt-ceiling deal moving toward a vote in Congress could easily pave the way for tax increases despite Republican claims that tax hikes are "impossible" under a deal struck with the White House to reduce spending in exchange for a debt-limit increase.
But as everyone knows, "impossible" isn't really in Washington's vocabulary.
Here's how it could happen:
After Congress enacts more than $900 billion in spending cuts to give President Obama a $900 billion lift in the nation's $14.3 trillion debt ceiling, a bipartisan committee will be formed to find roughly $1.5 trillion in additional deficit savings over the next decade.
To get there, the committee is free to look at virtually anything -- including "revenue" -- even though House Speaker John Boehner said Sunday night that current budgeting guidelines make it "impossible" for the 12-member group to approve tax hikes.
Other officials and analysts beg to differ.
"The suggestion that it is impossible for the joint committee to raise tax revenue simply is not accurate, it's false," White House Press Secretary Jay Carney said Monday.
Tea Party-aligned Sen. Mike Lee, R-Utah, said that's one of the concerns stopping him from supporting the deal.
"Certainly, tax increases could be something that we could face," Lee told Fox News.
Boehner is able to claim no tax hikes are possible because the committee would work off the assumption that the Bush tax cuts -- all of them -- will expire in 2013. Combined with other expiring provisions, that adds up to $3.5 trillion in tax hikes over the next decade, without the committee taking any action
Excerpt, read more: here
Some of those tweets are hilarious:
SatanSandwich Sugar Coated
Was there nothing we could’ve included about hurting unions in me? Like a mandated groin punch to Trumka? bit.ly/pp4lLN
1 hour ago
I’m sure my 2 moderate R’s will cave. TN, Corker is up in ‘12, the old fart Alexander in ‘14 he is 70 at least, past time to retire.
Knock it down, House.
This is Koolaid laced with cyanide.
Absolute suicide for the Republican party.
Allen West is all talk no action. This is Trillions more in debt and Trillions more in taxes. The mask is off him and any other “tea party” types who vote for this catastrophe.
The following is a rundown of The Hill’s constantly updated whip count.
http://thehill.com/homenews/house/174649-whip-count-house-leaders-seek-votes-to-pass-debt-limit-deal
Boehner and Cantor need to be deposed. They did this abomination of a tax increasing debt increasing gift to Obama, funding Obamacare no less.
an economy stalled on the precipice of depression NEEDS big tax hikes, don’cha know
it’s progressive economics 101 - when the cow stops giving milk you withold food until its milk production increases
sarc
besides, europe is almost out of money again, too and they need a big TARP 2.0 from American taxpayers
Thanks, Sherlock.
How could I forgot I was supposed to ask you first about those clue thingees.
Reporter: "I don't know what that means, but it doesn't sound like a good thing."
I beg to differ!
Shannon said it MIGHT be. The story as reported here said it WAS. It might have been that. He might have been taking a leak. His wife might have been on the phone. He might have been getting a Monica from Hillary!
She was guessing. We posted the guess as a fact. Bad Ju Ju.
The first and most critical rule in good journalism is to get it exactly RIGHT.
looks like granny better save her last can of dog food ....
sarc
If we can’t get the facts right, how can we expect people to trust us. How can we say we are better than the MSM if we don’t get stories EXACTLY right?
Yay!
I’ve been hoping against hope that all these deals would fall through; I thought it was cooked today but this sounds good.
All this country needs is to see that if 40% of spending is forcibly cut, the country won’t blow up or similar type silly catastrophe fantasy. THAT is when real economic reform can begin.
The Bush tax cut extension will be fought at a later date so gird your loins for that one.
Obama wanted two things in this deal:
1. To extend the debt limit debate past the 2012 elections. He got that.
2. To get the congress to kill the Bush tax cuts. He didn’t get that.
He’s now faced with the prospect of raising taxes in an election year - by his own pen. That is a big loser for him and I doubt he’ll do it. He didn’t last time, earning him ongoing derision from the left.
Every time he gets on TV now he mentions the “balanced approach” blah, blah, blah, as if he was successful in getting a tax increase into this deal.
He didn’t and his party knows it.
He failed and he knows he’s up a creek.
It doesn’t matter who is on the commission. One liberal member will make a feeble attempt to float a tax increase and it will fail.
Don't these people know the truth will leak out now that MSM gatekeepers are wounded...
Same here, I’m hoping the whole thing falls apart.
Too early to tell what is in it. I never expected to “get” a lot. Just get a bit less spending, even if the cuts are mostly faux cuts, try for no tax hikes and afterwards try to keep the debt/spending issues hot for debate in 2012. I’m afraid, though, that we will find some poison pills somewhere in this thing. And it hasn’t passed, yet.
We need links.
Here ya go!...............
Just thought you could use some free advice.
“Obama Takes a Victory Lap”
http://www.whitehouse.gov/fact-sheet-victory-bipartisan-compromise-economy-american-people
oh noze, if spending isn’t cut, then the pres has no choice but to let the “Bush Tax Cuts” expire
Lord knows a re-elected obama will make sure that doesn’t happen! sarc
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