Obama Tells Progressives He Won't Budge On Bush Tax Cuts

[rareboy]

Yes I did and so what?

This explixitly means that it is the House that initiates the legislation...not just sits there and blocks it per your earlier post.

 

[Kulindahr]

More hypocrisy? No budget from the dems again next year. That'll be four years without a budget resolution!

http://thehill.com/blogs/on-the-mon...get-chairwoman-cannot-commit-to-doing-budget-

What was that about their obligation to legislate? Your argument rings just a bit hollow.

Since when have the Democrats controlled the House, from which all bills about spending are to originate?

 

[Kulindahr]

So pass a fucking budget without the riders and amendments and send it off to committee. What's so fucking difficult about that?! Quit being a partisan for a minute and look objectively at the budget process.

How is the Senate supposed to pass a budget when budget bills are supposed to originate in the House? All the Senate can do is vote on what the House has passed.

By passing only bills that the Senate isn't even going to look at, the House Republicans are in violation of their oaths of office. Too bad Alfie isn't around any longer to ask:

WHY DO THEY HATE AMERICA?​

 

[JayHawk]

Do a little research. The house has passed a budget every year. They fulfilled their Constitutional obligation. The Senate, not so much.

C-O-M-P-R-O-M-I-S-E

That is the magic word say it slowly... republicans are finally willing after being rejected by America ... finally willing to compromise. Don't tell me you pay this close attention and didn't realize that the GOP was demanding their budget or the highway for the last three year so smug asshats in the GOP could claim no democratic budget passed. It is in no way genuine.

This year you will see a congress that actually works with the other side of the two party system and hammers our a spending plan.... and then passes it... either that or the rather austere version they agreed to if they continued to fight like children will go into effect.... what is that thingy we keep calling the fiscal cliff? Is it a plan on how we will spend and how much sometimes referred to as a budget?

I sincerely hope BHO is serious and takes the GOP right off the fucking cliff and then they will gladly sign a tax increase for millionaires.....

 

[JB3]

Good. He shouldn't. They should be allowed to expire in full, but the middle class can't exactly afford to have their taxes raised at this point, so the expiration of the upper tier is the only option. They also need a new (or several) top tiers for the ultra wealthy. (I would also say that individual trusts, like Romney's, need to be taxed if they're over a certain amount as well)

 

[Jack Springer]

Good. He shouldn't. They should be allowed to expire in full, but the middle class can't exactly afford to have their taxes raised at this point, so the expiration of the upper tier is the only option. They also need a new (or several) top tiers for the ultra wealthy. (I would also say that individual trusts, like Romney's, need to be taxed if they're over a certain amount as well)

Raise them all -- raise taxes even higher on the wealthy -- the really rich ones have ways of getting around any increase anyway.

 

[Jack Springer]

One of those times I do agree with you... lets hope that can happen. It'll cover the deficits this country is facing.

Again -- you think that eliminating the Bush/Obama tax cuts on the rich would take care of our problems.

It's a drop of water from an eye-dropper into a 50 gallon barrel.

 

[Kulindahr]

Again -- you think that eliminating the Bush/Obama tax cuts on the rich would take care of our problems.

It's a drop of water from an eye-dropper into a 50 gallon barrel.

If they let all the Bush tax cuts expire and raised the individual exemption by $2000, it would be 15% of the deficit. That's not inconsiderable. I forget the amount, but if a surtax on incomes above $500k were added, we could get 25% of the deficit. That's far more than a "drop... into a 50 gallon barrel".

Raise the taxes that way. Make enough cuts to cut another 50% of the deficit. Then implement a growth freeze on all departments. In about five years we'll be back to surpluses -- and that will be the time for a "no new spending" bill until the debt is paid. And along the way, slowly eliminate corporate welfare and lower corporate taxes to balance it, to the point of dropping taxes on (real) small businesses to zero.

Then we'd see some prosperity.

 

[BostonPirate]

If capital gains were treated as normal income, we would have a HUGE revenue boost.

 

[Jack Springer]

Why not do away with all deductions and special deals -- you pay current rate taxes on your income -- no what where that income comes from -- democrats as well as republicans would never go for that.

 

[Benvolio]

Actually it would cover much of the budgetary shortfalls.

And your analogy is wrong and not supported either way. There has to be spending cuts... like cutting the military. Cutting education and food stamps is just despicable.

Nonsense. Our budgetary shortfall, i.e. deficit, is a trillion a year. Eliminating the Bush tax cuts on those rich Americans you hate so much would not begin too eliminate the deficit and would just inspire Hussein to spend more. Food stamps should be limited to citizens.

 

[Kulindahr]

Why not do away with all deductions and special deals -- you pay current rate taxes on your income -- no what where that income comes from -- democrats as well as republicans would never go for that.

That's because they want the nation bankrupt. Politicians have to be judged by their actions, and the actions of House Republicans and Senate Democrats show that they are in love with debt.

 

[Kulindahr]

Nonsense. Our budgetary shortfall, i.e. deficit, is a trillion a year. Eliminating the Bush tax cuts on those rich Americans you hate so much would not begin too eliminate the deficit and would just inspire Hussein to spend more. Food stamps should be limited to citizens.

 

[JayHawk]

The bottom line with Obama was to \raise taxs to then be dealing with a realistic bottom line for basing how they would effect cuts.

the cool thing is that McConnell has already conceded that revenue is on the table.... Boehner has already said so as well... looks like taxes are going up and Obama is going to win the first round of the new term....

Now if they can move onto Immigration reform since republicans feel they need that to regain a party base then it is high time to figure out that mess as well.

 

[Kulindahr]

ERRR Wrong. The Bush tax cuts are more than that... if income tax and capital gains tax were both made the same it would eliminate much short fall. And blaming social programs again I see? Wrong again. Social programs are a fraction what this country spends on the military, corporate subsidies and multi-trillion dollar tax cuts for the rich.

Can't find a cite at the moment, but I recall a figure of ~40% of the deficit if the Bush tax cuts were dropped and all sources of income were treated the same.

Add a surtax on incomes of $500k or more and we could do the job half with taxes and half with spending cuts.

 

[Kulindahr]

I'm not sure if this is what you're quite looking for:

http://crooksandliars.com/jon-perr/boehner-lies-about-bush-tax-cuts-and-deficits

But it's a good enough representation of how much the Bush tax cuts cost this country... republicans like to downplay and say "well social programs cost more!!!"...

Various sources have called for the expiration of these tax cuts...

http://www.usnews.com/opinion/blogs...o-avoid-fiscal-cliff-let-bush-tax-cuts-expire

I'm sure something can be worked out for the middle class, but the upper 5% shouldn't be getting such major tax breaks.

Add the surtax on incomes over $500k, and then raise the individual exemption by $2k, and we'd have a surplus (the $2k exemption increase would cover the middle class).