The Congressional budget office says the top 20% of earners pay 68% of all the income taxes paid while the bottom 20% pay nothing. Obama says 68% is not a fair share, and I agree with him. The top earners do indeed deserve a tax cut.
Let it happen.
Also, I think this is a dying gasp of Democrats who are facing losing the WH and Senate majority. They was to put the next congress and President in as deep an economic hole as possible. Fargin scumbags.
The entire scenario is not sustainable. Sixteen trillion in debt, continuing trillion dollar deficits, unfunded entitlements, an overtaxing, over regulating government that is contracting the productive economy. However painful it eventually has to collapse. A certified fool like Patty Murray would be just the right catalyst.
Commie Reid is holding up the vote not the Repubs.
Pray for America
This is turning into a game of “MEGA-CHICKEN”. It will be interesting to see who blinks first.
Right now this has less to do with what happens the end of the year and everything to do with the November election and courting voters. And that election will determine to some-degree tax policy as Obama WILL veto tax cut extensions this time around, and blame Republicans.
The flip side is that now that Dems got super-mega-rich Romney to beat up for being out of touch with ordinary Americans, they now want to bait Republicans into as they phrase it :”Opposing tax cuts for the middle class and supporting tax cuts for mega-rich outsourcers like Romney”. It fits the script.
You got to wonder what that last RINO congress in 2010 achieved for us by temporarily extending those cuts through Obama’s election. The last thing Obama wanted was any taxes to go up back in late 2010, but those Republicans by ‘winning’ that extension (to the upper earners) saved him and gave him an election year issue to go with too, perfect with Romney as an opponent. Worse yet to get that deal they cut FICA and put SS recipients on the public dept gravy train, now Republicans don't know how to undo that and just caved on that once again.
I think the best option would have been if Democrats alone raised taxes on the rich when they had the house, but there is no way Dems could get their own votes in the Senate even though they only needed 50+Biden in the Senate.
The next best option would have been if the NE RINOs who betrayed us on DADT in late 2010 at the same time went along with Democrats in the Senate and just extended the middle class tax cuts and let the upper ones expire. If that happened the debate over taxes would completely different now. We now would be talking about how Obama's tax increases is what's killing the economy, instead Dems are saying the tax cuts are not working (this argument is easily pulled apart but Republicans dont appear smart enough to do it.)
Yes Rush, you sometimes win by losing. Obama was helped by (looking like) he lost that one vote in late 2010 when it was really a win for him. I am not optimistic.
Why is it that demorats don’t understand that when you are out of money you MUST stop spending? We’ve borrowed trillions and that didn’t help so now we need more money from the rich to pay that off. When the heck does it stop?
I have a great idea. Congress, how about reducing your pay and automatic raises by at least half? That should help about as much as anything else. Yeah, let’s give that a try.
Seems pretty simple, really. The R’s say they want to extend the tax break for everyone, including those that make over $250,000 since they are also the employers that produce things. And since the R’s are “pro-jobs” they want to be “employer friendly” and not kill jobs by raising taxes and fees on employers.
Then drive this home like a broken record and when someone says “same old talking point” just say, “To say the sun sets in the west is a talking point. It is also truth. Why do you hate truth?”
The democrats are still in the extortion game.
Call the bluff. Let the Democrats force a tax increase on everybody, and nail ‘em to the wall.
Oh, wait. The MSM will never bring this to the attention of the sheeple, and the ‘Pubbies don’t have the guts...