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- "The president's latest proposal on Monday dropped an extension of the payroll tax cut. And so even if most working Americans don't see an increase in their tax rates next year, they could still see an increase in their tax bill of about $1,000 for the average worker"---The old story of robbing Peter to pay Paul is not a raising of taxes, it is a restoration of workers contributions to Social Security. More smoke and mirrors from politicians.
Our indebtedness could very easily be solved by levying a 1% sales tax on the sale/exchange of investment securities. Furthermore, the consequence of such a tax would be a considerable reduction in income tax rates. C'mon Congress, do it right for a change! - Reply to this comment
- The GOP is history.
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- Lets just go over the cliff and get things under control once and for all. I don't mind paying a little more as long as nobody puts us in another unwarranted war, nobody can get welfare if they can't pass a drug test, and kids can be safe in school... oh, and we send the big bully Boehner back to Ohio where he should just stay away from the rest of us.
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- All of us knew that these tax cuts were only suppose to be temporary and expire last feb. They were extended until the end of the year. And what exactly is this chained CPI and what exactly does it mean for folks already on SS and those that will collect in the future? Does it mean that every month we will get a different amount? All we hear is gobbley **** and no real explanation.
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- When we were an inch away from budget surpluses under Clinton were we not also a inch away from actually bring the deficits down? Then what happened?
Bush tax cuts, (a trillion), medicare part D (a trillion), a unjust war in Iraq (3+ trillion and counting.)Talk all the BS about spending you want, Republicans are pretty much to blame, although they like to pretend they are perfect.
Remember America, Republicans started this by not raising the debt limit, just to make Obama look bad, even though a huge part of the debt is their doing.
See, Republicans take credit for everything but responsibility for nothing. They don't stand for anything and no one asks then to, especially their dimwitted voters.
I think Democrats would gladly own the raising of the taxes on the rich. Right back to Clinton era rates, and with out raising taxes on poor or middle class. It's a win, win. ...and closing some loopholes for the rich that let them dodge taxes and get tax breaks on their Private Jets.The fact of the matter is that raising taxes on the rich the Clifton levels does not hurt our economy one bit. Republicans have been spewing that lie for far to long.
The problem Republicans have is their feet are stuck in the pit of hypocritical mud. They talk a big game about reducing spending but they don't reduce any spending when they are in power. They crank it up! They talk about cutting programs that actually help people but wouldn't really make a dent on the deficit if they were cut.
What are Republicans really afraid of? I'll tell you. It's getting what THEY want. Reduced spending, but not the type they want to talk about. The fiscal cliff cuts defense spending by drastic amounts and that's what their really afraid of. The military industrial complex is their "social engineering program" that they won't cut because they are bankrolled by the industry. Republicans have no problem wasting trillions of tax dollars blowing up civilians in foreign countries that did not attack us, or a give away to big pharma, but helping the poor or vets get good healthcare when they come home from unnecessary wars is spending too much.
Bankers and baller CEO's are the only people that Republicans really care about. Remember the midterm elections America!! Vote all these Republicans hacks out!
The following are just some of the loopholes we should close:
Eliminate loopholes for oil and gas firms
• Close loopholes in the corporate tax deductibility of CEO pay
• Tax carried interest as ordinary income
• Reallocate multinational tax deductions
• Impose a windfall profits tax on oil and gas companies
• Require publicly traded financial partnerships to pay corporate income tax
• Codify economic substance doctrine (requires transactions that qualify for tax benefits have
economic justification beyond those benefits)
• Create an international tax haven watch list of countries who do not share information with
the U.S. and require greater financial disclosure to decrease tax shelters - Reply to this comment
- Obama should kill this "Plan B" concept right out of the gate. No more delays or excuses on part of the House Republicans. They knew this deadline was coming. No extensions. Come to an agreement NOW or the Bush Tax cuts die 1-1-13 - PERIOD.
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- We re-elected our President. I'm tired of hearing from Boehner and his plans this or that. I hope Obama will hold to the plans he and ideas he spoke about before the election. Going from $250K to $400K is already more than necessary. Boehner is owned by Norquist and no one elected him for anything. I want a strong President that will stand up to these highfaluting GOP reprobates and scoundrels who give lip service to the middle class but we all know they only cater to the top 2%.
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- The Plan B is not a plan at all. It is CYA attempt to make it appear that republicans have done something. Why don't they just pass the entire Bush tax cut plan and then pretend they did it for the country instead of for the rich like they really intend?
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- It's real simple Senator Boehner, as an American citizen you work for me!
Now listen up civil servent! I hereby order you to come to an agreement with Obama before the fiscal cliff! If you fail, I will fire you.
Get it? - Reply to this comment
- Heading down the fiscal SLOPE is the best starting point we could have. Go for it Mr President.
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