What is he crying about? He has accomplished a 900 Billion dollar tax cut for the richest Americans, and to his credit, he will propose a 5% pay reduction to congress amounting to 25 million (a drop in the bucket)...He says, and I quote, "America doesn't have a revenue problem, just a spending problem"...It will take a lot of budgeting to make up for the 900 billion dollar deficit...Lord help us all...Not sure he will be around after the 2012!

Originally Posted by jebartle

What is he crying about? He has accomplished a 900 Billion dollar tax cut for the richest Americans, and to his credit, he will propose a 5% pay reduction to congress amounting to 25 million (a drop in the bucket)...He says, and I quote, "America doesn't have a revenue problem, just a spending problem"...It will take a lot of budgeting to make up for the 900 billion dollar deficit...Lord help us all...Not sure he will be around after the 2012!

Actually, there is no tax cut. Just an extension of the current tax rates that everyone has been paying for the last 10 years. How is it that the government in letting people keep their own money and not confiscating it qualifies as a "deficit" for the government?
If you raise the tax rate in January it will be a "deficit" for the taxpayer. The government is not getting less money in January, per se, it's the existing tax rate. They are spending too much and Boehner is correct.

Originally Posted by jebartle

What is he crying about? He has accomplished a 900 Billion dollar tax cut for the richest Americans, and to his credit, he will propose a 5% pay reduction to congress amounting to 25 million (a drop in the bucket)...He says, and I quote, "America doesn't have a revenue problem, just a spending problem"...It will take a lot of budgeting to make up for the 900 billion dollar deficit...Lord help us all...Not sure he will be around after the 2012!

John and Debbie Boehner were our back door neighbors for many years. He is a self made man and a very sincere one.

I think John is right. America has a spending problem. It is gonna hurt to cut it back, but I am behind him.

Originally Posted by graciegirl

John and Debbie Boehner were our back door neighbors for many years. He is a self made man and a very sincere one.

I think John is right. America has a spending problem. It is gonna hurt to cut it back, but I am behind him.

Grace you just get more interesting by the minute.

Originally Posted by graciegirl

John and Debbie Boehner were our back door neighbors for many years. He is a self made man and a very sincere one.

I think John is right. America has a spending problem. It is gonna hurt to cut it back, but I am behind him.

You are?
Did he move when you did?
;o

L and L

L and L

Originally Posted by jebartle

What is he crying about? He has accomplished a 900 Billion dollar tax cut for the richest Americans, and to his credit, he will propose a 5% pay reduction to congress amounting to 25 million (a drop in the bucket)...He says, and I quote, "America doesn't have a revenue problem, just a spending problem"...It will take a lot of budgeting to make up for the 900 billion dollar deficit...Lord help us all...Not sure he will be around after the 2012!

To follow up on RICHIELION's post, you used the words TAX CUTS, which I am hearing lots of Dems use in referring to the extension...hearing the words "Obama" tax cuts even.

Can you explain how you arrived at that term or was it just a typing slip ??

Originally Posted by Bucco

To follow up on RICHIELION's post, you used the words TAX CUTS, which I am hearing lots of Dems use in referring to the extension...hearing the words "Obama" tax cuts even.

Can you explain how you arrived at that term or was it just a typing slip ??

What I failed to add was an "extension" of Bush tax cut.

But politicians make it sound like there is going to be a "cut" next year. That is the difference when politicians speek. They will choose to call avoiding an increase as a new benefit to the taxpayer in 2011...that will allow families more affordability....and even create 600,000 new jobs.

Let's see....nobody gets any more than they have right now....we the people or the government....so how does it provide aid to we the people? How does it cost the government anymore than it does right now?
And I especially am interested in how 600,000 new jobs are created with $0 involved?

And why is this not more of a discussion point. If you avoid spending a dollar you do not have $1 more. If the government does not get a $1 or have to put out a $1 how does it cost the government any more?

Words!!!

The republicans are making a mistake by making a deal with Obama. Not a good opening or advertisment for doing business any differently than has been.....same old...same old...politics and business as usual.

I will take a person with emotion any time over an iceberg like Pelosi! And anybody taking over from her is an instant improvement. Unlike the avoidance discussed above being smoke and mirrors, getting rid of Pelosi is a real improvement.

btk

Small businesses making $250k a year are now the "richest" Americans?

Wow, could have fooled me.

That's exactly right. We are not taxed too little, the government spends way too much. They are the thieves and crooks. Funny how some people hate the "rich" but give the real crooks a free pass to pillage and plunder as they see fit. I'll never understand that.

The government could tax everyone at 100% and still they'd complain it's not enough.

The truly wealthy are not too adversely affected by any of this discussion of tax cuts or extensions. Warren Buffett is famous for saying that he has no problem with higher income tax hikes for the rich, and the liberals like to refer to his statements.

The fact is that income taxes do not subtract from the wealth of Warren Buffett. You can take 100% of Mr. Buffett's income and he's still a billionaire with his wealth in tax shelters.

You are, though, taking the hard earned income from, say, a restaurant owner who struggled for years to get his business off the ground with, maybe, years of zero net income for himself, as the receipts were funneled right back into the business. If he finally makes a success of his business, his reward is the confiscation of much of his success without regard for his past years of struggle.

Higher tax rates on "the rich" also do not really take into account the years of struggle and college loans of a doctor, for instance, who after many, many years of study and expense is now "rich" although laden with onerous student loans. His practice is going to grow at a much slower rate if tax rates are confiscatory. He's going to hire less people and purchase less equipment and expand his business much more slowly.

I know people are going to "pick" at my examples, but I'm only trying to illustrate a point for the "class" envy-ists. If you over tax the producers, less is produced. Less production leads to less growth, less jobs, less infrastructure, less supplementary spending period.

The Tea Party supporters in the House are coming out against the bill (that's hasn't even been written yet, but is being voted on, unbelievably).

The Republican leadership is trying to get the tea partyers in line and most are having none of it. I don't know how this is all going to play out, but the "go along to get along" Republicans better watch their backs. They're likely to find no one behind them.

Keep your eyes on Jim Demint. You may be calling him "Mr. President" someday.

http://thehill.com/blogs/blog-briefi...ainst-tax-deal

It's hardly "unbelievable". "Test votes" on proposed-but-not-in-final-form legislation happen all the time. It's a way of taking a reading on whether or not it's worth it to continue crafting all the legalese for the final version of the bill.

to persuade (make a deal) for support. In my opinion it is more for this reason than anything else.

btk

Originally Posted by djplong

It's hardly "unbelievable". "Test votes" on proposed-but-not-in-final-form legislation happen all the time. It's a way of taking a reading on whether or not it's worth it to continue crafting all the legalese for the final version of the bill.

I'm not sure what you're talking about with your reference to "test votes". They may be voting on this bill this weekend without having READ IT!!. That's what I'm talking about and Sen. McConnell agrees with me. Sen. Demint may force a reading with all the thousands of earmarks in it revealed; we can only hope.

http://www.realclearpolitics.com/vid...s_seen_it.html

http://www.realclearpolitics.com/vid...ate_floor.html

Originally Posted by dklassen

Small businesses making $250k a year are now the "richest" Americans?

Wow, could have fooled me.

That's exactly right. We are not taxed too little, the government spends way too much. They are the thieves and crooks. Funny how some people hate the "rich" but give the real crooks a free pass to pillage and plunder as they see fit. I'll never understand that.

The government could tax everyone at 100% and still they'd complain it's not enough.

As usual you misrepresent the issue..... its the "SMALL" businesses in the upper 2% making far more than 250K per year. They are not SMALL in any way .... S corps etc allow multinational companies to appear as small businesses. I believe that the Dems floated the cutoff to above 2 million a year. And then there is the Estate Tax deal.....

Lets at least be honest about this.