Oh Pleeeze Tammy Faye. Obama just came out and said he and Boehner are close to a deal. That means Boehner has caved.
Damn... FINALLY. Now, Congresscritters, pass the effing bill, get it to the drones in the Senate, go home for the holidays and hug your kids!
The Republicans should take a page out of the Democrat playbook and scream this over and over, “President Obama and the senate Democrats are WAGING A WAR ON CHILDREN by putting all of this debt on our children’s credit cards”.
Not to mention:
1) They refuse to allow school vouchers thereby imprisoning poor kids in lousy schools dooming families for generations
2)What the Democrats ultimately REALLY want is federally funded partial birth abortion.
IT’S A WAR ON OUR CHILDREN!
Don’t just say it once, John. Repeat it repeatedly.
The communist from Kenya has a big pulpit. Make every statement about Obama raising taxes...AND HAVE EVERY Republican repeat that in every press event.
Hogwash.
We will go over the fiscal cliff. Then, after about two months of Americans experiencing reduced paychecks, Obama will propose tax “cuts”.
They will then become the “Obama tax cuts” and the words “Bush tax cuts” will never be uttered again.
Obama is not going to budge on this until March.
My vote would be for Thelma and Louise. Nearly everyone in this country should pay some amount of federal income tax. Especially the moochers.
Is this supposed to be a problem for Obama? Those that voted for him, whether legally or not, won’t think so. As for the next presidential election, it may be cancelled.
The democrats seem to forget about state income taxes, which have a marginal rate of about 9.5% in several high-tax states. When you add the state tax rate in with a higher federal rate of 39.6%, even with the state tax deduction, you're now up to an effective margin rate of approximately 45.3%. That is a serious disincentive for business investment and expansion. Some of the lost investment and expansion will be offset by increased investment by corporations that pay the 35% corporate tax rate as those corporations expand where small businessmen decide not to expand. But not all of the lost investment will be made up by bigger corporations. Some of that lost investments is in small "niche" businesses or in small markets that are not big enough opportunities for corporations to bother with. Any time a business investment or expansion is canceled because the owners decide it's just not worth it due to high tax rates, there is then a substantial multiplier effect through the larger economy that is also lost. That is how US economic growth declines significantly because of higher tax rates.
The best way to raise revenue is to raise marginal rates only above $1 million and then limit itemized deductions to $100K, excluding charitable contributions. In the long run, that will get us more economic growth and more revenue than raising total marginal tax rates (which are already very high in many states) on business owners who earn less than $1 million.
Obama: Oh, boy. A no-brainer. Largest tax hike, here we come!
If it’s a strong statement from Speaker Boehner, he made a mistake.
Speaker Boehner your getting more pathetic by the second. You have given in on every thing the Democrats wanted and they still didn’t accept the deal....Now you are Begging them to take the deal Pelosi approved??? Pass the Republican plan in the House now and send it to the Senate!!!!
Let’s hope that he has the votes. A tax rate increase on those making over $1 million is really not that significant IMHO, because people who have over a million a year in income can easily shift their income around between dividends, capital gains, deferrals, etc., such that they won’t pay that much more in the end. I think 60% of the public has bought Obama’s crap about “fairness” for the “millionaires and billionaires”, so cut it down to strictly them and let it go, while at the same time making the Bush tax cuts permanent for everyone else.
Why don’t the Republicans in the House pass Plan B TODAY? The Republicans need to assert now and every five minutes if necessary that THEY are the ones who want to preserve the Bush tax cuts for 99-plus percent of Americans.
If Obama and the Democrats refuse to support the Republicans, then the Republicans will be able to remind every taxpaying American next year that the reason there’s less money in their paychecks is because it was stolen from them by Ebenezer Obama and the 52 Democratic Scrooges in the Senate.
Then the House Republicans can pass another bill re-instating the lost tax cuts, and once again Obama and the Democratic Senate will have to make an important decision: Do they want to extend the biggest tax increase in American history which they allowed to happen, or will they show some sympathy toward the struggling middle class and join the Republicans in reinstating the Bush tax cuts?
If Obama allows the country to go over the cliff, he will be the one to fall the hardest.
Taxamageddon was upon us the moment Obama got re-elected.
So, some dumbass missed the 2010 results.
Perhaps the ballot box is no longer significant.
Pray for the republic.
The _resident will NOT own this tax.
his toadies in the MSM will make sure of that. They will blame the Republicans who would not tax the so called ‘2% rich’ causing the Bush Tax Cuts to sunset.
You and I will no better, but the morons who voted for him or those who just don’t understand, will blame the greedy republicans...
it is a given and lose, lose for the republicans
I say the House should pass a bill which makes all the Bush tax cuts permanent, and adjourn until after New Years.