Liberals Try to Prevent Pelosi From Bringing Tax Bill to the Floor

[cavegal]

http://politics.blogs.foxnews.com/2010/12/08/liberals-try-prevent-pelosi-bringing-tax-bill-floor

In other words, they are seeking a majority of the majority to move this and a senior House democratic source indicates they don't know if they have a majority of democrats, saying they haven't whipped this yet.

[5412]

http://politics.blogs.foxnews.com/2010/12/08/liberals-try-prevent-pelosi-bringing-tax-bill-floor

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Hi,

God I hope this is true, please drag it out until the end so nothing else gets done.

regards,
5412

[Attero Dominatus]

\

Hi,

God I hope this is true, please drag it out until the end so nothing else gets done.

regards,
5412

[Lacarnut]

Let the liberals drag it out. Democrats and Obama get the blame. Plus, the new Repub House can come up with a better deal such as limiting unemployment benefits to 3 months rather than 13 months. If the Repubs were smart, they would cave on the dollar amount allowing the rate to go up on those making over $2 million. That would be good economics and good politics in my opinion. A 3 or 4 per cent increase on someone making millions per year is barely going to put a dent in their finances. Also, give the employer a 2% haircut on S.S. taxes. Do those things and repeal Obamacare and the economy and job growth will take off.

[5412]

Let the liberals drag it out. Democrats and Obama get the blame. Plus, the new Repub House can come up with a better deal such as limiting unemployment benefits to 3 months rather than 13 months. If the Repubs were smart, they would cave on the dollar amount allowing the rate to go up on those making over $2 million. That would be good economics and good politics in my opinion. A 3 or 4 per cent increase on someone making millions per year is barely going to put a dent in their finances. Also, give the employer a 2% haircut on S.S. taxes. Do those things and repeal Obamacare and the economy and job growth will take off.

Hi,

I disagree on caving on the folks over $2 million for only one reason.  We must signal there is a new sheriff in town and he is conservative.  Now is not the time to be raising taxes on anyone.  They drew their line in the sand and now they have to stick to it.  If Pelosi says it won't come to a vote, screw it.  If we cave now we set the stage for next year where every deal we have will just be a line to start re-negotiating. 

The joint committee agreed on a deal, it is up to the Republicans to sell their side and up to the democrats to sell their side.  Those on the committee representing the democrats had the authority to negotiate, or supposedly so, they need not play games.  If no bill passes, then BO gets the blame and in January they do as you suggested, put together a better deal.   What I would like to see is an extension of unemployment benefits that says that at a point for four weeks you get 75%, then four weeks at 50%, four weeks at 25% and that is it.  What some folks have to realize, thanks to many things including the unions pushing their wages up so high the jobs went offshore, no matter how long they wait their old job is not coming back, period!  Time to start considering a different career.

On a different note, bought an SSR.  Got one of the final production run and doing some cool stuff to it.  It is, without a doubt, the most fun vehicle I have ever driven.

regards,
5412

[rich_t]

Let the liberals drag it out. Democrats and Obama get the blame. Plus, the new Repub House can come up with a better deal such as limiting unemployment benefits to 3 months rather than 13 months. If the Repubs were smart, they would cave on the dollar amount allowing the rate to go up on those making over $2 million. That would be good economics and good politics in my opinion. A 3 or 4 per cent increase on someone making millions per year is barely going to put a dent in their finances. Also, give the employer a 2% haircut on S.S. taxes. Do those things and repeal Obamacare and the economy and job growth will take off.

That 3 or 4% you mention is quite a bit if the person making those millions is a small business owner.  3 or 4% can be the difference between staying in business or going under.

[Janice]

I dont understand how raising taxes on those who make over 2m (employers) and cutting more into their ss "share" is going to make them hire more or expand the business or give raises ... in essence this is going to make "job growth .. take off".

I must have missed that memo.

[Allentownjake]

Well the 13 month of extensions goes to people who were laid off in the past year, not 2 years ago.   Basically it allows people laid off in 2010 their 2 years of unemployment.  People who were on for 99 weeks are off the roles at the 99th week.

Again, I'm agnostic on this.  Government policies are doing nothing to create jobs and the government is not enforcing its existing trade policies and the devaluation of the dollar is encouraging capital flight.

I think the unemployment benefits are a way the government can delay doing what it should have been doing all along.

None of these discussions are being held by serious people on either side.

Clowns to the left, jokers to the right.

The government is involved in a lot of shit right now.  Its job mandated by the constitution and the laws, not one of them.

[true_blood]

Well the 13 month of extensions goes to people who were laid off in the past year, not 2 years ago.   Basically it allows people laid off in 2010 their 2 years of unemployment.  People who were on for 99 weeks are off the roles at the 99th week. Again, I'm agnostic on this.  Government policies are doing nothing to create jobs and the government is not enforcing its existing trade policies and the devaluation of the dollar is encouraging capital flight.
I think the unemployment benefits are a way the government can delay doing what it should have been doing all along. None of these discussions are being held by serious people on either side. Clowns to the left, jokers to the right. The government is involved in a lot of shit right now.  Its job mandated by the constitution and the laws, not one of them.

In other words, we're ****ed with all this fake money floating around in the very near future. Meaning inflation.
Commodities will continue to rise. Gas is already 26 cents higher than last year. Food keeps going higher. And they say we're through the worst of it? Really?!?!!? HA, I laugh at that. The worst is yet to come.
Never mind our foreign policies.

[Lacarnut]

That 3 or 4% you mention is quite a bit if the person making those millions is a small business owner.  3 or 4% can be the difference between staying in business or going under.

I would not call a business owner making over 2 million dollars a small operator. Out of the 70% small business owners that are creating the jobs very few would be reporting 2 million dollars on their adjusted gross income. Your taxes are based on your AGI after deductions so that rate would only kick in AFTER the 2 million mark was reached. The overwhelming majority of those making that kind of money are CEOs, Lawyers, Doctors, Bankers, etc and they could certainly could afford. Consequently, it is my opinion that over 90% of the job creators (small business owners) are making way below 2 million.

Both sides are playing politics. Why should the dumb-ass Repubs agree to an extension of 13 months unemployment compensation. I guess they did not get the message that loading another $130 billion of spending was not acceptable.