| Barry BFB 'Bad For Business' Obama His class-warfare tour of 2012 is under way. It's all the Rats have. Saul Alinsky would be so proud.
|
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 ...
| Barry BFB 'Bad For Business' Obama His class-warfare tour of 2012 is under way. It's all the Rats have. Saul Alinsky would be so proud.
|
A pal of mine lives now in the Philippines. He says I am crazy not to move there.
But, I still manage a business here, and my Mother is very ill.
Later, I may have to take his advise.
Once raising rates on millionaires fails to raise the desired revenue, the next step is actual confiscation of savings. This can be done via an intangible asset levy.
Looks like reality is determined to compete with your work.
I wrote a poem about Obama raising taxes back after the mid term elections which is still appropriate:
Unvarnished Truth
or, Between the Idea and the Reality Falls Shellack
by Squeeky Fromm
So Obama backs
A hike in the tax
When his party is
In the minority.
So please tell me how
He’ll raise them up now
When he couldn’t
When he had a majority???
Burma Shave.
Just checking to see if people here are as old as I am.
Well, I am 27, sooo I guess I am just a little shaver...
Tee Hee! Tee Hee!
Try this: Press “enter” one time!
Burma Shave...one of the favorite things this kid watched for from the backseat of our ‘54 Ford station wagon on our trips out west.
I think ‘the One’ is trying to tank the economy...
Obama knows he’s toast and doesn’t have much time to finish off America. He’s all in!!
Either Obama will be late or I'll get a Stuart Varney Dow Jones watch as the stock market tanks during Obama's speech.
A real snake oil scheme. Everything he wants to implement doesn’t take effect until.after 2012. He is too cowardly to implement it immediately because he knows it won’t work.
An ad should be made using Obama’s own words “ people need to live within their means”
When I heard that, I have never been more angry.
buffet rule? But Warren Buffet’s salary is zero, so how does this buffet rule effect him?
Media already blaming Europe but we all know it’s obama’s tax hike news causing the sell off.
I did, once to EACH of his duplicate posts.
I have never played the Elder Scrolls series (although I hear good things about it). I am waiting for Mass Effect 3.
I have been upgrading my computer to handle Empire: Total war as well.
BUT, I have had trouble affording it because..............
UBAMA ALREADY RAISED MY TAXES!!!!
I have never played the Elder Scrolls series (although I hear good things about it). I am waiting for Mass Effect 3.
I have been upgrading my computer to handle Empire: Total war as well.
BUT, I am having trouble affording it because..............
UBAMA ALREADY RAISED MY TAXES!!!!
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