Posted on 11/12/2012 8:07:06 AM PST by SeekAndFind
This is called surrendering before the war starts: Conservative commentator and Weekly Standard editor Bill Kristol said Sunday the Republican Party should accept new ideas, including the much-criticized suggestion by Democrats that taxes be allowed to go up on the wealthy.
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"It won't kill the country if we raise taxes a little bit on millionaires," he said on "Fox News Sunday." "It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer."
"Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood and are hostile?" he asked.
One of the biggest fights as Congress returns will be over taxes, as cuts put in place by former President George W. Bush are set to expire at the end of the year. Republicans want to extend those tax cuts for all income brackets, while Democrats want to raise revenue by allowing them to expire for wealthy Americans.
Exit polls last week found that six in ten voters supported ending the tax cuts on the wealthy, but House Republicans have remained adamantly opposed to allowing any of the rates to expire, instead supporting other changes to the tax code. House Speaker John Boehner (R-Ohio) indicated on Friday that was unlikely to change.
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First of all, if Kristol wants to go belly up and grovel before Obama before negotiations even begin, that's his business. Leave the rest of us out of it.
(Excerpt) Read more at americanthinker.com ...
"It won't kill the country if we raise taxes a little bit on millionaires..."
Ah yes, the ever-prescient Mr. Kristol. The man who accurately told us all how the Democracy Movement in Egypt was going to bring peace and prosperity to the Mideast...
I agree. I don't see attempting to raise taxes on millionaires (they'll avoid paying it) as a big issue. We don't have a conservative majority. The debt is going to destroy us. Give them their millionaires tax in return for real cuts.
Dead on. Tax Hollywood movies 90%, Buffet can pay 90% on all holdings, etc. Let’s get back to the 1950’s 90% tax on the rich but remove all deductions. Why not? While we are at it, tax everyone else 50%. If 36% is good, then more must be better.
Give the liberals what they want even if they don’t understand it until they do understand it.
“A conservative is just a Liberal who got mugged, after all. Let there be mugggings!”
Well said! Worth repeating! Until the liberals feel protective of their lives and fortunes they will continue to call for the taking of ours!
Taxing the rich is a tag line that will make little difference in the economy-the truth is, the rich don’t have enough money to fix it. And the government’s insatiable lust for spending will never be curbed by more revenue, which will mostly likely only serve to increase spending. Like a drug addict on a binge, the only thing that will instill restraint will be a total collapse of the economy, which Obama’s re-election will only serve to hasten.
How is France’s private sector doing under these tax-the-rich policies?
The libs in AZ were enraged when their favorite 'temporary' 1% tax surcharge was not made permanent in the election this year. One of the most effective ads against the renewal was a video of two state senators piously promising this would only be temporary, immediatley folloewed by newer footage of both of them insisting it was always supposed to be permanent, for the children you know.
As for Kristol, he is correct that the tax itself wont destroy anything, but it is also correct to say it wont fix anything. It will just serve to de-motivate a few more small business owners. And maybe that is the real goal.
One point that is seldom made is that the “tax on millionaires” will be a tax on their income, not their worth or assets.
For the majority of them, they can move their income to the poverty level and continue to live the life to which they are accustomed.
Now look at N. Dakota, a conservative microcosm.
Hmmm....Now which state better off?
If you guessed Dakota, you guessed correctly.
I agree. So it should be used as a bargaining chip. If they can get something that will help the economy more than the tax hit will hurt it's worth a deal.
Big IF I know.
Does any thinking person really believe the definition will not be lowered further, since thats where the real money is?
Mr. Kristol,
the reason we oppose higher taxes is because they are already so incredibly high that they are choking off the American economy and killing jobs.
Raising them further will only push more people onto the dole.
What we need to do is LOWER taxes significantly (cutting dysfunctional and.or wasteful spending to bring the resulting budget into balance).
We would normally look to you in your position to be championing LOWERING taxes, not giving cover or “enabling” the communist left to further raise them!
Please reconsider.
This might be our best option. All the freedom loving folks concentrate in a few freedom loving states to be run for the sake of freedom. Of course these states will become stinking rich so it’ll be a battle to fight off the rest of the blue hoards but.....
Fred Barnes and Kristol are going with glass half full optimism, after Barnes was SO wrong and neither apparently will not be feeling it in their pocket books like the rest of us. A good ‘buying opportunity’ in stocks for them. Where in Manhattan or Westchester suburb do they live? Aargh.
Tennessee does not have an income tax, and it is a ‘right to work’ state. Republicans control everything. An excellent state for growing your own food. Any downsides, beside Nashville and Memphis?
I agree. Let ‘em all expire. Every stinking tax cut. They can argue about it till forever, but just do it, and see what happens. And cut all the loopholes too. And we want to see Reid’s and Pelosi’s tax returns. It will give us good ideas as to where to start closing them.
Those "M's and B's" that voted for Obama don't have regular income!!!!!
Property taxes a little high. Live in a more rural area and only pay county taxes, not county AND city.
I looked at the data and most of those who would be effected by obama’s tax hike on the “rich” voted for him. Good - let them eat tax hikes for all i care.
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