Skip to comments.IT'S OFFICIAL: HOUSE PASSES FISCAL CLIFF BILL
Posted on 01/01/2013 8:07:58 PM PST by SeekAndFind
After a long day of fiscal cliff chaos, the House will finally hold a vote tonight on the fiscal cliff bill passed by the Senate early Tuesday.
The decision to hold an up-down vote virtually guarantees passage of the bill, which would extend the Bush tax hikes for households earning under $450,000. that the bill will pass.
For most of the day, House Republicans have said that they could not support the bill without spending cuts, but by Tuesday night it was clear that GOP leaders could not come up with the votes to pass an amendment to add those cuts.
The House Rules Committee announced that there will be a vote on the unamended Senate bill in the 9 p.m. hour. Check out all of the days developments below.
(Excerpt) Read more at businessinsider.com ...
But more unfortunately, Ryan is one of the most fiscally conservative in all of government.
You have to pick the players that are in the stadium.
Having said that, I’m done with Ryan.
I think I’ll consider being an irrelevant Third Party purist now.
he didn’t make anything permanent. taxes can be changed at any time. he did remove those expiration dates, but that doesn’t mean they’re permanent. you’re implying it’s now illegal to change tax rates or something.
besides, the middle class rates were never really going to go back up. Obama and the dems never would havelet it stand, but the GOP was too afraid to take them on over it and find it out.
I heard there is no longer a Republic Party, Independent Party, or Democrat Party.
It is now the Bureaucratic Party and we are here to serve it...
Are you sure the Bush middle class tax rates were made permanent ? I read earlier that only the new higher top tax rates were being made permanent.
Cantor voted no.
Ryan voted yes.
Rubio voted NO
and we will pay and pay and pay for his fun and games..
when do his kids go back to their PRIVATE SCHOOL WITH 11 ARMED SECURITY GUARDS WATCHING OVER THEM??
What a waste he is...
I'm out. I'm a third party man from now on. Seriously.
Equity index futures currently aren’t trading.
Would that be the same backbone that the Rs didn't show tonite???
Yes, they are now Permanent in the sense when Bush signed them in law, it was written to expire in 2010. It got a temporary extension of 2 years.
The new FC law has NO EXPIRATION DATE. That does not mean future politicians can’t change it.
“This Country is sick.”
I do not see how anything other than Soviet style dissolution or a fiat dictatorship emerges from the cesspit on the Potomac.
“permanent tax cuts”
The only permanent tax cut - and that would be an income tax cut only, I suspect - would be a repeal of the 16th amendment and insistence that the States follow suit...the idea being that any income tax at any level of government undermines a republican form of government.
The federal government can and should be fully funded via the corporate income tax, tariffs, excises and duties, and maybe dividends/capital gains taxes. The rates of these taxes should be reasonable, not punitive, and intended to fund the legitimate constitutional functions of the federal government. I suspect one could easily fund defense spending, federal courts and foreign affairs with this money. If we want to give money to any other country for any reason, the federal government should take up a voluntary citizen contribution for the purpose.
Of course, without a full audit and reform of the FED, including taking away its power to tax via inflation, income tax cuts are truly almost meaningless.
Is the plan still on to vote out Speaker Boehner on Thursday???
You are absolutely right, that taxes can be changed at any time in future. However as the FC law is written there is NO EXPIRATION date. So we will take it. Better than the other option.
Your taxes are going up 2%. Payroll tax increasing.
“wish I kept a list of all the ... and anti Romniacs here...”
Don’t forget me little commissarette. I said Willard was a snake when -YOU- picked him up.
Besides he didn’t really want it anyway, as he says now. I hope you dug deep for the scam artist.
I believe Rand Paul passes the fiscal conservative purity contest, hands down. I do like Ryan, but even his plan cut nothing, reportedly, though it was brilliant. They’re all living and thriving off of us, with enough left over to buy votes from those who pay no taxes, or do not work.
Short of a rebellion, we are all quite done. Anything less is more theater.
Not mine, I am retired. But you are right, the TEMPORARY reduction of 2% in FICA tax was not extended in this bill. So my wife who still works will pay 2% more.
It isn’t their vote that hacks me offf. It’s how horrible negotiators they are and they got played, rick rolled and now publicly humiliated.
Obama came out off this smelling like roses and there is reasoning or educating anyone how we got here.
Even the CNN is giving these jackasses noogies.
It’s to bad they couldnt muster together the votes needed for a spending amendment but the only way to correct that is to elect more tea party republicans.
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