Not worship... mess call for the FedGov.
Vaal hungers!
Posted on 09/18/2011 8:06:43 PM PDT by blam
Obama To Propose $1.5 Trillion In Tax Increases Tomorrow
Zeke Miller
Sep. 18, 2011
President Barack Obama will ask the Super Committee to double its mandate and cut $3 trillion from the federal deficit, according to White House officials, with half of the savings coming from tax increases on corporations the wealthy.
Republicans have already rejected a central component of the plan — the so-called "Buffett Rule," which would set a minimum tax rate for those with incomes over $1 million. This tax increase goes well above and beyond the approximately $800 billion agreed to by Speaker of the House John Boehner in the failed "grand bargain" negotiations over the debt ceiling.
Rep. Paul Ryan called the tax increase "class warfare," saying it would hurt small businesses and pledging that GOP lawmakers would rally against it.
The White House, wary of raising taxes as the economy recovers, has insisted that the tax increases would not take effect until 2013.
In his speech tomorrow, Obama will also outline reforms to Medicare, but will not call for raising the eligibility age for the entitlement program. The plan will also avoid touching Social Security — which has become a major issue among the GOP presidential candidates.
Republicans, including Speaker of the House John Boehner, have called on the bipartisan committee of 12 lawmakers to exceed their statutory mandate — but only through spending cuts, or at most, closing corporate loopholes and lowering the tax rate.
The $1.1 trillion in savings from ending the wars in Iraq and Afghanistan has been criticized by Republicans as being a ficticious number — since the wars were never going to continue indefinitely. With that figure excluded, the plan cuts just over $2 trillion, with about 75 percent coming from tax increases.
(snip)
(Excerpt) Read more at businessinsider.com ...
What was the point of the 2010 elections ? ohh yeah, to cut spending.
TWO bold faced lies.
You can tax 100% of the annual income of the wealthy and still make only a dent in the growth of the deficit by Obama.
The sheeple do not know this. It just feels good to “stick it to the man.”
However, I must admit, I would take perverse pleasure in seeing all the crony capitalists, all democrat and many republican congressmen, the bastards on Wall Street, and the crooked executives in banks get clobbered. But these are all the protected classes who won’t see a dime of increase.
We need a law that states before there can be another tax increase, government will have to demonstrate the ability to live within its means. Big government is the problem. Stop feeding it.
Lol!
Great post :D
The command and conquer 4 line was great!
I’m biding my time until Elder Scolls 5 Skyrim comes out, and will likely get an nvidia 585 or something along those lines for that occassion.
At which point, I am quite sure Obama will try to RAISE TAXES!
Don’t cross the streams.
It would be bad.
dow futures -147.
LOL. I love how tax increases are now “savings”. Has anyone else noticed that little rhetorical sleight of hand?
It’s getting impossible for people to track what’s really going on with the reinvention of vocabulary.
I think you all are missing the point here.
By appealing directly to the Super-Congress, there are only TWO republicans he has to coerce/Bribe to get this through.
Why would taxpayers want give Obama anymore money? Just so he and his wife can have expensive vacations? I don’t think so~
Obama thinks the "Super Committee" is his; has he no understanding of Separation of Powers? The "Super Committee" was created by an act of Congress and given a specific task which is to find cuts or revenue sufficient to pay for the remainder of the borrowing limit increase (about $1.2 trillion) so that the Congress may vote on it.
When the "Super Committee" finds the money they should stop and report to Congress.
Not worship... mess call for the FedGov.
Vaal hungers!
Trust this child, not. He is from a tribe of unworthy men.
Watt maid ewe think that purview wood chain semtex?
This dude spends a trillion a week.
Taxes are “pay saved” by the government.
There will be a booming market for tax exile services next year. Look at Europe. Monaco, Isle of Man, Channel Islands, Lichtenstein, Switzerland, etc: they specialize in sheltering wealth outside the socialist countries. The same will happen here. Nobody pays stupid tax rates.
And just how is Obama going to get this past the House, representatives that know they will be voted out of office if they raise taxes.
It’s not going to happen. This is just November re-election posturing.
He doesn’t care about anything but destroying America because he blames us for the slavery of Africans sold by Africans, a slavery that he has no right to claim suffering from seeing as he is not descended from Afro-Americans but rather from a Kenyan who overstayed the terms of his student visa while attending Harvard through Affermative Action (aka racism) and sleeping with naive white girls who didn’t know any better and impregnating as many as he could. Why do you think there are so many Obamarats running around driving drunk with stolen social security numbers? Heaven help us.
Let it pass only as a unanimous Democrat idea.
That will avoid the class warfare bit.
When the economy totally collapses, it will end the Democrats' terrorism once and for all!!
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