Posted on 04/16/2012 4:37:19 PM PDT by Red Steel
Reporting from Washington—
Republican-led opposition blocked the 'Buffett rule' from advancing in the Senate, turning back an election year effort by President Obama to slap a new tax rate on those earning beyond $1 million a year.
Nearly all Republicans voted against the measure, a potentially risky move at a time when 60% of voters support the measure, according to a recent Gallup poll, as a way to ensure wealthy Americans pay their fair share of taxes. Democrats are likely to revive the effort in coming months.
“Continuing to allow some of the wealthiest Americans to use special tax breaks to avoid paying their fair share simply cannot be justified,” the White House said in a statement before the vote.
(Excerpt) Read more at latimes.com ...
What makes me more sick is that they indite Jim McMahon and everyone else at Broadway but not Alexi simply because Obummer needs a basketball buddy when he's in Chicago...
These bastards need to be sent packing out of the White House! Once Romney fires Eric Holder we'll get a AG who will have a lot of cleanup to do. He is going to have to hire a huge staff just to deal with all the crap that bastard EH has done. Let alone start prosecuting GSA, ACORN, Media Matters, Black Panthers, Eric Holder himself...
That depends on its purpose.
If the purpose is practical, to grow the economy or increase tax revenues, then yes, it's stupid.
But, if the reason is political, to appeal to the 'RAT base and their idea of "fairness"—which is more accurately termed jealousy, envy and/or covetousness—then the so-called Buffett Rule makes plenty of sense.
Wrong senator. Collins has the flat nose. Thinking of snowe
Mark Pryor must be thinking about reelection in 2014 and Susie Collins isn’t. She truly sucks.
Applying the principle that: If you do your job, you get to keep it...it’s time to fire a government, isn’t it?
God help America, let deception not rule, keep America the land of the free and the home of the brave... in Jesus name, amen.
Since your senate is based on our parliamentary rules of order, I can make a guess.
Two of the senators were unable to make it to the vote for whatever reason, so they paired, effectively nullifying each others vote.
According to legend, this rule was introduced after the Tories passed minority legislation while the Liberals were low on MPs thanks to a food poisoning epidemic. Don’t know if that is true, but it is widely accepted!
Thanks Vintage Freeper.
Socialist Susan Collins also voted to advance Obama”care” out of Committee.
Does anyone have a list of MILLIONAIRES who are also US Senators?
If so, please post it on this thread, as it would be interesting to compare the vote and the buck lists. Thanks.
“Nearly all Republicans voted against the measure, a potentially risky move at a time when 60% of voters support the measure, according to a recent Gallup poll, as a way to ensure wealthy Americans pay their fair share of taxes. Democrats are likely to revive the effort in coming months. “
So the “buffet rule” flattens the Tax code so that every American Pays exactly the same amount for the same service? That is the only way to insure that every tax payer pays a fair share.
Fairness is not you paying 0 and me paying 10. Fairness is Me paying 5 and you paying 5.
Obama and his “Democratic” bandit Regime knowingly violate the U.S.Constitution by originating a spending/tax bill in the Senate. All $$$$ bills are mandated to originate in the Congress.
Typical of the “Democratic” (aka the Socialist Fascist Party) Party to care nothing for legal process. Small wonder the “Democratic” Party has always loved leftist tyrants. A tyranny is their wet dream.
“But what about the 48% who pay no income tax.”
Of course,if people are not working, you cannot expect them to pay income tax. For those people who are working, they are paying income tax in the form of “payroll taxes”, which are 15.3% from the first dollar earned. There is no exemption. If you only had $1500 of earned income in a year, you will still pay close to 15.3% on that income in payroll taxes (if you are an employee, your employer will pay half of the amount). These are not “income taxes”, but they are income taxes from the federal government in that they are used to pay the government’s bills, be they social security, medicare, or national defense, veteran’s benefits, or the national debt. 40% of the total federal taxes collected in America are in the form of payroll taxes.
The long and short of it is, everyone who has earned income in the US pays income taxes. Now if you are lucky enough to make your living from dividends, interest, capital gains, or rents, to name a few (that is, if you are not actually working) then you have “unearned income” and you do not have to pay the 15.3% payroll taxes that the ordinary working people have to pay.
I agree with you 100%. Why make the Republicans look like lackeys of the rich by saying that people earning multi-millions a year shouldn’t have to pay as high a tax rate as their secretaries who are earning 90k? Of course that strikes a majority of people as unfair. Why is it important to waste political capital defending it?
Step One Every member of Congress who believes participation in Social Security should be MANDATORY needs an opponent who believes participation in SS should be a matter of individual choice. It's the difference between freedom and becoming wards of the state who are serfs.
Step Two This is how we find and elect the candidates for step one.
The time for implementing some of these steps for the 2012 election has unfortunately passed. But there is a lot that can be done to have a HUGE impact on the 2012 election.
Americans have a chance to CHANGE the course of our country by defeating Obama in November. Defeating Obama would only be half the battle for changing the course of our country. Romney would shrink the deficits and be better for business, but in complete contrast to Ronald Reagan ("Government is not the solution to our problems; government is the problem"), Romney believes government is part of the solution to our country's problems rather than being the problem itself.
The other half of the solution for changing the course of the country is to convince Mitt Romney that Ronald Reagan was right. Who could do this and how? Jim Robinson and FreeRepublic could be the catalysts that jump start the process. If enough Freepers ask Jim Robinson to make this a FreeRepublic priority, convincing Romney to adopt Ronald Reagan as his role model would make Romney far more electable and the CHANGE WOULD BE REAL.
The solution for complex problems which can be so large as to be seemingly impossible can sometimes be amazingly simple if the right people decide to apply themselves and just do it.
Have you seen her?
Thinking of Snowe. There attractiveness confused me
Even for people 55+, there should be an option to get out of the system if you choose.
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