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To: Owen

Boehner has told Obama that he would let the Bush Tax Cuts expire for higher income families and individuals but extend them for others.

That is a TAX HIKE since these families will be PAYING MORE TAXES under the Obama-Boehner deal.

Why are you so strongly supporting the Obama-Boehner $800 Billion tax hike?


57 posted on 07/24/2011 7:47:49 AM PDT by jimbo123
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To: jimbo123

Why are you dodging the 2% SS tax rate cut and its expiration?


70 posted on 07/24/2011 7:58:55 AM PDT by Owen
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To: jimbo123
Boehner has told Obama that he would let the Bush Tax Cuts expire for higher income families and individuals but extend them for others.

What, were you in the meetings? If not, why don't you supply an actual piece of evidence for this claim?

Anyway, as someone else said, the packages talked about are based on existing law, and under existing law the bush tax cuts expire. If you ask to extend them, you will actually INCREASE the deficit, and need to borrow even MORE money.

So, if we want to keep them, we need to propose even MORE spending cuts to cover them. Because the current deficit projections are based on ASSUMING the tax cuts expire, and the SS special tax break "stimulus" ends.

We lost that argument the day Bush signed the tax law with an expiration. Boehner got Obama to sign a 2-year extension. Without that, they'd already be expired.

115 posted on 07/24/2011 11:34:28 AM PDT by CharlesWayneCT
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