The Obama Calendar.
Posted on 12/31/2012 10:27:08 AM PST by Behind Liberal Lines
Edited on 12/31/2012 10:42:55 AM PST by Admin Moderator. [history]
WASHINGTON (AP) — The contours of a deal to avert the 'fiscal cliff' emerged Monday, with Democrats and Republicans agreeing to raise tax rates on family income over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year, officials familiar with the negotiations said.
But with a midnight deadline rapidly approaching, both sides were at an impasse over whether to put off automatic, across-the-board spending cuts set to take effect on Jan. 1, and if so, how to pay for that. Democrats want to put off the cuts for one year and offset the so-called sequester with unspecified revenue.
Officials emphasized that negotiations were continuing and the emerging deal was not yet final. President Barack Obama was to speak about the status of the negotiations from the White House Monday afternoon.
The proposal in the works would raise the tax rates on family income over $450,000 from 35 percent to 39.6 percent, the same level as under former President Bill Clinton. Also, estates would be taxed at 40 percent after the first $5 million for an individual and $10 million for a couple, up from 35 percent to 40 percent.
Unemployment benefits would be extended for one year. Without the extension, 2 million people would lose benefits beginning in early January.
what deal - where are the cuts in spending? Taxes back to Clinton Rates. What deal is that? More proverbial caca coming from DC.
100% tax increases, zero, or next to zero, spending cuts. And if there are “spending cuts” the cuts will be to the scheduled amount of increase, not true spending cuts.
“We’re cutting food stamps by 10% across the board.” THAT’S a spending cut.
The Obama Calendar.
“...with Democrats and Republicans agreeing to raise tax rates on family income over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year..”
And on top of all that, they and all of the other Federal leeches get a nice pay raise.
Ain’t that special!!!
At least the Rinos in the Senate and House will be exposed.
It won’t be a pretty sight either. We will take names.
Strange how the media decided to call it the “fiscal cliff” rather than Bush’s tax cuts.
Only D.C. can get away with pissing on a forest fire and say...”hey, it’s a start”.
Exactly. If the GOP hates the deal now. Why did they sign on to it then?
BOHICA!
And I predicted this months ago. Obama doesn’t have the desire or the leadership skills to get a real deal done and Boehner is too skeered to fight for a real deal or walk away and let the Dems suffer the consequences of their actions.
I spoke with a woman outside of church yesterday who was absolutely clueless that any of this was going on. “What, you mean my paychecks are going to get smaller starting Tuesday?”
Gee, I wonder who SHE voted for? /sarcsarcsarcsarcsarc
That's no forest fire: it's my back.
So if you are successful and can actually employ people you are taxed to death and once you are dead you are taxed again.
How bad is it going to be this time?
Hey, let’s just do what France won’t do.
75%
a big turd is about to be hatched - our congress is getting the polish out for now.
That would be stupid....Only because we should be cutting off foreign monies first. We can get to food stamps later.
Exit the United Nations now!
According to a United Nations Membership Assessment Report for 2009, the United States paid membership dues of $62,302,548, or approximately 22 percent of the U.N. annual budget for 2010. The European Union, Japan, and the USA cumulatively pay 80 percent of the total U.N. annual budget.
STOP giving $$$ to Egypt right now!!
1.2 Billion dollars for 2010. Stats from the Government Foreign Aid office.
THOSE ARE SOME REAL CUTS!! to entities and a country that don't give a S$%%& about us.
RANT OFF.......................
Time to go long on Johnson & Johnson.
However it is also highly likely Obama wants everyone to THINK a deal is emerging and then at last minute say Republicans killed it (a lie) and say no deal.
Yep. Straight from the Alinsky playbook.
I have no doubt the dems are telling Boehner that the deal will be worse after the cliff.
The kenyan lives for this stuff. The only thing he likes about being POTUS other than the bling is the opportunity to brow beat Republicans.
Me thinks it’s time for a third party if this goes thru—I should be called the Heritage Party—because it will emphasize what this country was meant to be.
“So if you are successful and can actually employ people you are taxed to death and once you are dead you are taxed again.”
Yep, that is it in a nutshell.
That little pay raise thingy will cost us another $11 billion over 10 years and of course, that doesn’t include their future pay raises (the ones they vote themselves around midnight on a regular basis).
Wait until they raise the Debt Limit again. That will be the REAL Fiscal Cliff.
He was just on the radio, yuking it up probably because he knew he got over on the dimwits again. Of course that lasted about 10 seconds till I could get to the off button as I cannot listen to that POS and not break an upcoming promise to not utter a swear word or more and his name in the same minute.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.