The Current FReepathon Pays For The Current Quarters Expenses?
It must be in the drinking water, that’s the only way to explain it.
Increasing taxes on the American people is not the way to grow the party, let alone the economy in a recession.
If the GOP hasn’t learned that by now, then its learned nothing.
I know Pat Toomey.
This is a public relations move to show that the GOP was willing to go along with “revenue enhancements” but the liberals still would not make a deal.
Toomey and others know the Dems will not take the deal. Instead, John Kerry and others will blame the Republicans on the committee for blocking everything (in keeping with Obama’s campaign theme).
Don’t confuse ideology with playing politics.
That said there are only a handful of Congressmen that are both smart enough to make hay and clever enough as extemporaneous speakers to toss said hay over Bobo's head.
I guess this is coming from the Supercommittee, but I wouldn’t worry about it right now.
The Super-Commottee was formed to fail anyway, so it won’t come from there.
The whole idea was unConstitutional and stupid to begin with.
they must want CWII
Well, I am suprised it came from Republicans, but I am not surprised at this move. Cpmmunists always wipe out the middle class. That’s just what Communists do.
a vote for GOP is a vote for progressives
the DNC and the GOP are the problem. progressives run them both
The mortgage deduction should only be there for mortgages below $500K. There already is a terrific incentive for people to buy homes - - mortgage interest at 4%.
When we built our home ourselves - as in manual labor - in the 80’s, the mortgage rate was 13 1/2%. We never made enough money to qualify for a deduction. As soon as rates dropped we refinanced down to 11 1/2%, then 9%. We wound up paying off the $25K in less than 20 years. In that time we had two sons at Penn State, but they lived at home and went to a satellite campus for the first two years and worked summers and got their degrees with student loans that amounted to the price of a small car at that time - - $6 and $8K and paid them off. One is now a Ph. D. and the other a PE and PLS.
I have to point out at least one deeply ironic line from this piece:
...Pennsylvania's Senator Pat Toomey and Texas Congressman Jeb Hensarling, both credentialed conservatives...
Which begs three questions:
1. Credentialed by whom?
2. What are these so-called "credentials"?
3. Just what is their definition of "conservative"?
Eliminating the deductions for state and local taxes would help kill the blue states even faster.... For that matter, since Blue states tend to have higher real-estate prices than red states, capping the home mortgage deduction would disproportionately affect them, too.
I don’t like the idea of a stealth tax increase, but I can see the method to the madness.
Why is their no talk about reducing the “Green Credits”, not the guaranteed loans to the Bundlers which are bad in their own right but tax deductions and credits for solar panels.
For example, a solar company calculators for installations in Albany NY shows for a $44,055 installation the Federal Government will provide tax credits of $13,216, and New York state $12,250 in Energy Grants and $5,000 in state income tax credits. Total government (taxpayer) funded offsets $30,466!!!
It is “Green” which is sucking the air out of the room! One can only imagine what kind of Federal tax credits are being provided to the Corporation for going “Green”.
If the pubbies win the Senate, increase the House count and get the obummer out and then don't fix the problem, it will be time to "go to the mats".
Actions will speak for me, and it won't be on the internet.
The Democrat - Republican game at election time is a farce thrown like scraps to the dogs, by the Ruling Elite. It makes no difference which party wins. They’re all good-ol-boy “Progressives” - statists out to control the people, fleece the sheep and milk the family cow.
We should start with Cutting Baseline By 10% and Permanently eliminating 8% automatic Increase annually!
I think a ten-year drawdown of mortgage interest deductions, and a three-year in state interest, is a good idea, when coupled with an effort to zero-sum the net revenue changes by reducing tax rates.
When one faces a Obama/Pelosi/Reid Death Panel, anyone wonder if their political affiliation will have any bearing on whether or not they get medical care? Anyone out there think it was designed that way?
What the hell does that mean? They are both in Congress...Accredited Grifters might be a more appropriate soubriquet. :)
The Current FReepathon Pays For The Current Quarters Expenses?