and btw.. its an absolute no brainier to me to extend lower tax brackets for under 250k.. The biggest complaint dems had about the bush tax cut was for the wealthy.. They had no problem with the rest of it. If i was obama i would not only extend it but lower the tax brackets for under 250k and raise them for over 250k. 5% increase in taxes for someone making 500k a year means hes gonna have to give up his private cabana on one of his 20 vacations. 5decrease in taxes for someone making 100k means they can buy that new big screen they been waiting for.
Currently if nothing changes Obama breaks his tax pledge in 2010
- Thread starter Chapdog
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The Almighty
I did not say they will go along with 'whatever he proposes'. I said that if they present a straight fix to the sunset for those under $250k without any additional bullshit, then the Republicans would have no choice but to vote for it. There would be NO political cover for a 'No' vote.
if he sticks with this its not to shabby.. Tho i would also encourage him to allow for the long term cap gains rate to stay at 15% for those under 250k. Think of boomers cashing in there stocks in retirement.
http://money.cnn.com/2010/02/01/pf/taxes/obama_budget_tax_changes/index.htm?hpt=T1
http://money.cnn.com/2010/02/01/pf/taxes/obama_budget_tax_changes/index.htm?hpt=T1
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The Almighty
I would agree the above makes sense, but they have to fix the sunset and THEN propose the further reduction/increases you mentioned in a separate bill. Otherwise the Reps will fight the bill.
Given the idiocy we have in DC though, odds are they try to do everything at once and end up getting nothing done. Why they feel the need to do this time and again is beyond me. Take things in pieces, break them down into the simplest components you can. Then force the idiots in the two parties to take a stand. By putting everything together it simply provides cover for those who oppose bills meant to improve the country as a whole (not to mention it allows pork and amendments not relevant to the bill to be attached more easily)
And I disagree. Even if they present a straight fix to the sunset for those earning under $250,000, the Republicans will ask for more. Try this on for size:
"With the economy barely creeping out a deep recession, it is foolish to increase taxes on anyone with the economy in its fragile state. That's why we are opposing the president's class warfare agenda. No one should see their taxes increase in this economy and the presidents tax increases on families and small business will drag down the economy. We call on the president to go back to the drawing board and present a plan that provides meaningful tax relief to all Americans."
And again, Republicans didn't make a promise, Obama did. If he fails to deliver on that promise for any reason he will be blamed. The Republicans won't. They didn't promise anything.
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The Almighty
From what I read yesterday, that is a part of his proposal as well. It just isnt mentioned in this article. I started a thread yesterday on the budget... I think it was included in that article.
makes sense, the working middle/upper are what really drives this country. give us the money back and take more from the rich. I really like the idea of limiting them to 35% or so of deductions. Trust me one of my best friends is a tax accountant for wealthy and many of them pay less tax then i do.
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The Almighty
Your little fantasy world is quite amazing. If you think they would not take the blame from everyone under the $250k level, you are insane.
The Dem Ads would all harp on....
'Why did your taxes go up? Well because the Republicans filibustered our bill that would have provided you with tax relief because they didn't feel it was fair to not provide tax relief for the wealthiest Americans.'
You are friggin INSANE if you think the Reps would take that chance. They would lose Independents worse than they did in 2008. It would be a slaughter... and they would deserve it.
The Dems would vote unanimously for it... Obama would have done everything he could to keep his promise. The blame would lie squarely on the shoulders of the Reps and the Reps alone. Pretending otherwise is just idiocy.
By the way, apparently Reuters has withdrawn this article. I'm not surprise personally.
http://news.yahoo.com/s/nm/20100202/us_nm/us_budget_backdoortaxes_2
http://news.yahoo.com/s/nm/20100202/us_nm/us_budget_backdoortaxes_2
And this, IMO is what needs to be fixed. This is as close to class warfare as I will come. If I have to pay 30 - 35 percent of my 70,000 or so a year then so should the guy who makes a million or two a year (personal income). I know for a fact that many of them don't.
He will definitely be held accountable if the taxes increase. It would be a "read my lips" moment however unfair it may seem.
Yes, he made the promise knowing what it entailed (unless you think he is somehow innocent of knowledge of how legislative bodies work).
I understand that. My post was more addressed to the content of the article than the practical realities.
SF seems to think that Obama will be off the hook if tax increases because Republicans vote against it. What's your view?
They likely will add stuff in an attempt to get the Rs to vote against the cuts. It would be a serious "gotcha" moment. They've already got one with the "paygo" votes, it takes more than two sentences to explain so constituencies will never listen.
Actually, unless it was a retroactive abortion law until age three or some other horrendous attachment there would be no reason good enough to risk it at election time. It is a chance to get some things passed that the Ds know the Rs wouldn't vote for otherwise.
He said he would not do it.... Not "it will not happen under my watch"!
If he signs into law something that will increase those taxes... you would be correct. If he vetos something that changes those taxes... you would be correct. But to break this promise he must take some affirmative action.
FUCK THE POLICE
911 EVERY DAY
How is it stealthy? Is this being hidden from the American public?