Obama Rejects Republicans Fiscal Cliff Counter-Offer | Page 3 | TigerDroppings.com
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Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2927 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer

quote:

The wealthy got the largest benefits from the past decade of rate cuts. Now letting the cuts expire for them seems reasonable IMO. This board disagrees, but this board is not always too bright.


Fine but raising taxes on the eee'ville wich is going to amount to a manicure($70-80 billion) in solving the immediate $1,100,000,000,000 PLUS federal budget deficits we will be running our country will be running for MANY years to come.

We are still going to be in a HUGE hole. You can come on here and rattle off 'yeah I am for entitlement reform' but it hasn't happened, YET. Austerity measures are right around the corner. The Euros are having to face that now. We are next.

BTW, I am sure Ruskie can do the math on every percentange point that the interest rates go up, will have on the yeild that US Treasuries will have to pay out on our $16,000,000,000,000.00 federal debt.


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DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
You are incorrect. The top bracket received a 10 percent cut. The bottom 2 received a 50 percent and 83 percent respectively.


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22868 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Obama will win this battle


Of course. But no one can explain why rates have to go up vs simply limiting deductions for the wealthy.


TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6964 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

The wealthy got the largest benefits from the past decade of rate cuts. Now letting the cuts expire for them seems reasonable IMO. This board disagrees, but this board is not always too bright.


Taxes (surcharges) already going up next year anyway. Why should the republicans simply slink away and allow them to go up more. The democrats have the simplicity and stupidity of many citizens and the media but that doesn't make them right.

Personally I hope we go the brimstone and fire route to get all the pain out of the way before I'm 50.


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CajunAngele
LSU Fan
Member since Oct 2012
16379 posts
Online

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

The problem is that small businesses are taxed at the individual rate. Why is Obama intent on taxing the very businesses that are actually employing people right now?


Most logical quote of the year. Obama is a lying POS that is acting like a partisan hack and I don't think he will fool all this time. The trick is he won so he will continue destroying our country and no one can dare question his vote fraud or anything else he says; or they are racist. We are living in some messed up times.


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Bayou Sam
LSU Fan
Snake and Jake's Christmas Club
Member since Aug 2009
5540 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Of course. But no one can explain why rates have to go up vs simply limiting deductions for the wealthy.


The Obama position is that capping deductions has to be done on a graded scale, and that will net 460 billion or so in additional revenue over ten years. So that plus tax rates nets 1.6 trillion over ten years. Then there's the liberal-happy spending cuts (mostly, allowing medicare to negotiate for drug prices the same way medicaid does).

Why is this the only spending cut Obama offered? It's not because he's perverse, but rather because he wants republicans to initiate proposals his electorate doesn't like.

Ok, now the republicans have done what they're supposed to do in a negotiation--offer the revenue raising they want, plus the spending cuts liberals do not want.

If Republicans can accept some form of marginal rate increase, Obama will give them some portion of the spending cuts (I haven't looked at the details of the republican proposal so I can't guess which yet. But my guess is the final result will be something like 1-1.5 trillion on the revenue side, and 2-3 trillion on the spending ct side.


Choctaw
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
56443 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Why even put this out there? Obama has only said about 500 times he would oppose any measure which didn't include a tax increase on the top 2% and the Dems said yesterday nothing that did not raise rates on the top 2% would even be considered.

Here is the bottom line and time to quit wasting time:

Either the GOP agrees to raise rates on the top 2% or we go over the fiscal cliff. Period.

And the majority of the country WILL blame the GOP if they refuse a tax hike on the top 2% which WILL lead to a GOP bloodbath in the mid-term elections after another relatively serious recession next year.



so basically...no compromise. either the Dems get what they want or we go off the cliff. nice


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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
22820 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
Boehnhead should pass a plan that caps deductions for the top 1% (which raises more revenue than just hiking the rates, as the latter simply means a little extra work for the accountants.) On the spending side, cut defense, the War on Drugs, the Bureau of Prisons, and the Department of Commerce. Extend all of the BTC rates for two more years.

That plan is a lib's wet dream. Let Ogump have it, and in two years when it doesn't solve the problem, come back and say "We did it their way. Now it's time to try something different."


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Tim
LSU Fan
Texas
Member since Jan 2005
6309 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

So that plus tax rates nets 1.6 trillion over ten years.


and we run a $1.6 trillion deficit in one year...dumbass


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Update: Obama Rejects Offer
Party of NO!


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Independent analysts who have looked at plans like this one have concluded that middle class taxes will have to go up to pay for profligate spending of Congress
To blame tax increases on "the rich" is stupid demogoguery. "The rich" already pay a far, far disproportionate share of the taxes. To suggest otherwise is dishonest. To suggest they wouldn't still pay a disproportionate share of the taxes after any plan that's been offered by the Republicans is even more dishonest.

I'm fricking sick of this class warfare bull shite.


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Rocket
Northwestern Fan
Member since Mar 2004
60983 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Obama will win this battle. Just watch.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Why even put this out there? Obama has only said about 500 times he would oppose any measure which didn't include a tax increase on the top 2% and the Dems said yesterday nothing that did not raise rates on the top 2% would even be considered.
So much for bipartisanship, eh? Who's intransigent now?


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:


Then I vote for fiscal cliff.

Let's get those frickers that got off the rolls in 2001 and 2003 to put some skin in the game.

For all of Obama's bluff and bluster, THIS is what he fears the most, because "his" voters might start giving a shite about taxes and tax rates.
This!


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

1. Dems won't pass anything without a relatively small tax rate hike on income for the top 2%.
Party of NO!


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

The wealthy got the largest benefits from the past decade of rate cuts.
False. The income group that went from 10% to 0% got the greatest tax rate cut. Guess what... that's not "the rich" bracket.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Obama will win this battle. Just watch.
Too bad America will lose.


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RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
30312 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
Republicans should just walk away and let the Dem's own this mess. As the economy continues to fail, they will be killed in the mid terms no matter how many people they get on the government dole.


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Rex
LSU Fan
Here, there, and nowhere
Member since Sep 2004
59003 posts

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
Inasmuch as the Republicans provided no details of what they were proposing (WHICH deductions? WHICH loopholes?) the President and Democrats were correct to reject it out of hand.



SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
308086 posts
Online

re: Obama Rejects Republicans Fiscal Cliff Counter-Offer
quote:

Inasmuch as the Republicans provided no details of what they were proposing (WHICH deductions? WHICH loopholes?) the President and Democrats were correct to reject it out of hand.

do all pieces of legislation now require all regulations promulgated at the time of the vote?


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