Why is this reported as a tax raise on those earning $1mm or more in 2013? Those people are going to be taxed at 39.6% if no bill is passed. And a lot more people will be taxed at that rate too if no bill is passed.
Boehner’s bill is to reduce taxes on everyone except those who earn $1mm or more. If nothing is done everyone’s taxes will be higher.
that’s exactly right, and it’s why I am puzzled why so many Republicans seem to think it would be smart to walk away from the deal the White House offered Boehner, which frankly was very close to the deal Boehner offered the White House?
If we go over the cliff because the Republicans say, “Hell No, we won’t go!” then really what have we accomplished?? Isn’t a compromise with Obama better than what current law has in it, which is a reversion to 2000??
The current reportage is simply to lay the ground work for the follow-on reporting. After Obama dna Reid stonewall and do nothing and everybody's taxes go up, the media will attribute it to Boehner's "forcing through a bill" and "refusal to compromise," and it will be the Republican's fault.
Boehner and the GOP have owned the House since we the people gave it back to them in 2010. He should have passed a complete continuation of the Bush tax rates on 11/7, and beat that drum every day thereafter. Reid would have had to stall a senate vote on it or Obama would have been forced to veto it.
The ball could have been in Obama's court months ago.