Spectactular, looks like Boehner learned his lesson....!

Thank God. 'Cause I sure as fuck don't want my taxes going up. At this point, I don't really give a fuck if a few rich people have to pay more, although it is a tragedy that it will harm some small companies. I know a few S-corp owners that are very concerned. I think the problem is that many liberals honestly have no clue how certain small businesses are organized, and that raising taxes on >250k could harm a lot of middle class families. Hopefully they at least go with >$1 million.
 
Not so fast. I just listened to Boehner's whole speech on Fox. When he said “willing to accept new revenue”, it does not include raising taxes. It includes cutting tax breaks that are essential to middle class families.
 
Jarod said:
http://www.washingtonpost.com/busin...12c5ce-2919-11e2-b4e0-346287b7e56c_story.html

GOP agrees to additional taxes as part of a deal to address the debt.

Now, why did we have to waste 4 years?
Click to expand...

You mean just as he did the last time when Obama blew up the deal?

But Boehner hinted that he is open to the latter, citing an Republican offer during negotiations of the congressional supercommittee last fall, as well as his own negotiations with Obama during the 2011 debt-limit battle. At that time, Boehner had tentatively agreed to support $800 billion in additional revenue over the next decade in exchange for Obama’s commitment to let the top tax rate fall below the current 35 percent. Obama and other Democrats have long insisted that the George W. Bush-era tax cuts should be permitted to expire for the nation’s top earners, raising the top rate to 39.4 percent.
Click to expand...
 
Bfgrn said:
Not so fast. I just listened to Boehner's whole speech on Fox. When he said “willing to accept new revenue”, it does not include raising taxes. It includes cutting tax breaks that are essential to middle class families.
Click to expand...

LMAO... you were listening to 'faux news'.... omg omg omg... they be liars... blah blah blah
 
Superfreak said:
You mean just as he did the last time when Obama blew up the deal?
Click to expand...

And what did Cantor say to that?

Boehner is going to have to do more than "hint." Obama is obviously open to a variety of spending cuts; how are you claiming that he "blew up" anything? Republicans have to give in on taxes. That's the nature of compromise, especially on this one - both sides have to cave on things that are dear to their base.
 
Voltaire said:
Thank God. 'Cause I sure as fuck don't want my taxes going up. At this point, I don't really give a fuck if a few rich people have to pay more, although it is a tragedy that it will harm some small companies. I know a few S-corp owners that are very concerned. I think the problem is that many liberals honestly have no clue how certain small businesses are organized, and that raising taxes on >250k could harm a lot of middle class families. Hopefully they at least go with >$1 million.
Click to expand...
Yea except your not talking massive tax hikes and keep in mind, current tax rates are at very historic lows.

I'd be willing to let the Bush era tax cuts expire, across the board, even though Obama spent political capital trying not to do that. I'd be willing to make sacrifices to pay down the debt and it's only a couple of percentage points. I figure I can pay now.....or I can pay later....and it's probably less painful to pay now.
 
Mott the Hoople said:
Yea except your not talking massive tax hikes and keep in mind, current tax rates are at very historic lows.

I'd be willing to let the Bush era tax cuts expire, across the board, even though Obama spent political capital trying not to do that. I'd be willing to make sacrifices to pay down the debt and it's only a couple of percentage points. I figure I can pay now.....or I can pay later....and it's probably less painful to pay now.
Click to expand...

Exactly. What's going to cost me more personally - a tax hike back to what it was 10 years ago, or another recession?

Democrats can ask themselves the same question about programs that will have to be cut, and Republicans can ask it about defense.
 
Superfreak said:
LMAO... you were listening to 'faux news'.... omg omg omg... they be liars... blah blah blah
Click to expand...

Fuck you, I am not a liar you little asshole. I can even tell you that Shep Smith took on a hired right wing mouthpiece bitch who tried to spin Boehner's "willing to accept new revenue” as a big sacrifice by the right.
 
Mott the Hoople said:
Yea except your not talking massive tax hikes and keep in mind, current tax rates are at very historic lows.
Click to expand...

Doesn't really matter, dude. A tax increase of a few points will harm my employer, and that's not a good thing for me.

I'd be willing to let the Bush era tax cuts expire, across the board, even though Obama spent political capital trying not to do that. I'd be willing to make sacrifices to pay down the debt and it's only a couple of percentage points. I figure I can pay now.....or I can pay later....and it's probably less painful to pay now.
Click to expand...

I am not so willing. A year ago, I was, but now I have a wedding to pay for. There's no way in hell I can give up $300 - $400/month at this point.
 
Looks like the deal is off. Voltaire is back to the right wing spin.

HERE is what Boehner won't tell you. The Congressional Research Service has withdrawn an economic report that found no correlation between top tax rates and economic growth.

nytlogo152x23.gif


Nonpartisan Tax Report Withdrawn After G.O.P. Protest

diLvK.jpg


WASHINGTON — The Congressional Research Service has withdrawn an economic report that found no correlation between top tax rates and economic growth, a central tenet of conservative economic theory, after Senate Republicans raised concerns about the paper’s findings and wording.

The decision, made in late September against the advice of the agency’s economic team leadership, drew almost no notice at the time. Senator Charles E. Schumer, Democrat of New York, cited the study a week and a half after it was withdrawn in a speech on tax policy at the National Press Club.

But it could actually draw new attention to the report, which questions the premise that lowering the top marginal tax rate stimulates economic growth and job creation.

“This has hues of a banana republic,” Mr. Schumer said. “They didn’t like a report, and instead of rebutting it, they had them take it down.”

Republicans have also tried to discredit the private Tax Policy Center ever since the research organization declared that Mitt Romney’s proposal to cut tax rates by 20 percent while protecting the middle class and not increasing the deficit was mathematically impossible. For years, conservatives have pressed the nonpartisan Congressional Budget Office to factor in robust economic growth when it is asked to calculate the cost of tax cuts to the federal budget.

Congressional aides and outside economists said they were not aware of previous efforts to discredit a study from the research service.

“When their math doesn’t add up, Republicans claim that their vague version of economic growth will somehow magically make up the difference. And when that is refuted, they’re left with nothing more to lean on than charges of bias against nonpartisan experts,” said Representative Sander Levin of Michigan, ranking Democrat on the House Ways and Means Committee.

more
 
Looks like the deal is off. Voltaire is back to the right wing spin.
Click to expand...

What is this "right wing spin"? Where did I spin anything? What I stated are the facts. For most people earning over $250k, the tax increase wouldn't hurt. But it most certainly would hurt some - somewhere around 5% - of small businesses. There has to be some way of raising taxes on the rich without harming these companies. It's not good for job creation, and not good for the country.

I said nothing about Boehner at all. I have no idea what he is or isn't proposing - I simply took Jarod's word for it. So, I have no idea what you mean by "right wing spin." I'm not right-wing to begin with; I am a moderate.
 
I think the GOP had its eyes on the presidency. Now that it's lost, they can sit back and not worry about how tax policy affects the economy, because it's all on Obama now.
 
Voltaire said:
What is this "right wing spin"? Where did I spin anything? What I stated are the facts. For most people earning over $250k, the tax increase wouldn't hurt. But it most certainly would hurt some - somewhere around 5% - of small businesses. There has to be some way of raising taxes on the rich without harming these companies. It's not good for job creation, and not good for the country.

I said nothing about Boehner at all. I have no idea what he is or isn't proposing - I simply took Jarod's word for it. So, I have no idea what you mean by "right wing spin." I'm not right-wing to begin with; I am a moderate.
Click to expand...

Anyone who calls himself a businessman would not base his business decisions on their personal annual income tax. Their business decisions would be totally driven by market factors like supply and demand. It is right wing spin, and it needs to be called what it is...spin
 
Bfgrn said:
Anyone who calls himself a businessman would not base his business decisions on their personal annual income tax. Their business decisions would be totally driven by market factors like supply and demand. It is right wing spin, and it needs to be called what it is...spin
Click to expand...

Bfgrn:

When a company's profits are taxed at a higher percentage, they have less money to invest in expansion projects, hiring more employees, etc. Raising income taxes on incomes over >$250k would affect many small companies in this manner. There is no "spin." I've already stated that I am fine with the idea of raising taxes on the wealthy. But there also has to be a way to prevent this tax increase from harming small businesses, especially S corps, because as it stands, it WILL. I personally know several business owners that this tax increase WILL affect, and no, they're not all Republicans.
 
You must log in or register to reply here.
Back
Top