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Lock and load!
How can you have a 119% tax rate?.......
LOL! That’s a direct attack against developing real estate—like shooting themselves in their feet.
The key to the Senate Gang of Six... grand bargain is the combination of higher tax revenue...
So, isn’t this an end-run around the constitution? All bills for raising revenue are to originate in the House. Call your congressman!
EVERYBODY will love this deal... EXCEPT for the taxpayers.
Tax INCREASE along with RAISING the debt ceiling.
Call it what it is... SMOKE & MIRRORS.
The Repubies involved with this piece of crap should be primaried with extreme prejudice the next time around.
This is bullsh1t!!
Nov. 2012 cannot come too soon.. to get rid of some of the gang of six or seven sycophants..
The Tpcaucus is still growing strongly..
Call Boehner’s, Cantor’s, and Chambliss’ offices...I did and left very supportive and angry (Chambliss’) messages...their staff listen well and take notes.
They predict increases in revenue on static data. There will be NO increase!!
Raise taxes without benefit to the payer is a disaster. At least Bill Clinton SAID, “The era of big government is over.” If you are in the productive/achiever realm, this meant ‘full steam ahead’. Obama means ‘death spiral’.
Capital gains tax, taxes on interest and dividends and estate tax should all be abolished.
The only people that should be seeing a higher tax rate are the freeloading deadbeats that pay no income tax at all. Let’s put a 10% minimum income tax on ALL income, and get rid of the so-called “earned income credit” which is nothing but welfare.
Some part of why homes are purchase certainly must be the tax deduction one receives from mortgage interest payments.
Are we to understand that this deduction is going to be taken away? If so, and using the sailing ship analogy from above, the housing market will surely suffer. The "ship", tho fit to sail above the waterline, has a hull encrusted with barnacles...and even if the wind rises, the ship won't sail nearly so well as it did with a clean hull.
The "value add" of the loss of the mortgage deduction will be the home rental market. If rental payments equate to mortgage payments, but without the hassle of RE taxes, fixup expenses, and credit risks associated with yet another downturn (the "upside down" syndrom); then, why not rent??
Nothing like another idiotic plan from our idiot savant representatives in the federal government to make life a bit more pleasant for all of us, what?
Boehner should just stop this nonsense and say that spending bills have to originate in the House—Senate plans are DOA.
I can dream, can’t I?
These RINO Senators are the worst.