Just as it looked like a fiscal cliff deal was coming together, President Obama gave a partisan, sarcastic speech this afternoon that seemed intended to set back the entire process. As Jonathan wrote, Republicans have good reason to think the president’s goal is to go over the cliff. But they also suspect the White House is preparing to push for further tax increases, in addition to the hikes on individuals making over $400,000 (and families making over $450,000) a year.
“What they’re telegraphing to me is that when Republicans ask for spending cuts, [Democrats are] gonna say ‘You’re not getting those unless we get more tax hikes’,” said one Republican Senate aide after the speech.
According to Senate GOP sources, there is no more debate on the deal to raise taxes on those making over $400,000, which is necessary to avert automatic across-the-board expiration of the Bush tax cuts. But Republican leadership is balking at the White House demand to delay sequestration without corresponding, targeted spending cuts.
“Not only was [Obama’s speech] unhelpful and antagonistic (as pretty much every journalist on Twitter and even Ezra Klein recognized), the tax part of negotiations is done,” another Republican aide said in an email. “There’s already an agreement there. The sticking point is Democrats trying to turn off the sequester cuts. Republicans aren’t going to agree to simply set spending cuts aside.”
One big concern is that the White House will demand additional tax increases down the road, in return for spending cuts. Some also say the current tax deal will impact more Americans than initially thought. According to a Senate Republican source, the tax increase on individuals/families making over $400,000/$450,000 a year is not enough to reach the $600 billion in tax revenue included in the potential deal, even if you include hikes on capital gains, dividends, and phased-out personal exemptions and itemized deductions. In other words, those making well under $400,000–and as low as $250,000 a year–could also end up paying higher taxes under the deal.
Aw, he hurt your fee fees. Poor dears. Maybe next time Boehner will count votes before he brings up a "Plan B." If you don't want to be objects of derision, stop acting like morons. Don't make it so easy to point and laugh.
fee fees? What pets do you have? This isn't cat or dog speak.
That is exactly the kind of thing Obama has helped exacerbate in this Country.
GO Fu2721CK ‘EM HARRY! nAs World Stocks Tumbled. Harry Reid exploited Republicans handicap to not to offend their Wall Street Masters by rigging the "fiscal cliff" plan. Obama cancelled his Hawaii break and rush back in his pajamas to White House to save himself. For Harry Reid will business as usual. To cloture temporary fiscal. Harry Reid will carry on with the same boring game. Extend under $250K Bush-Tax-Cut, Relax unemployment benefits and fiddle with doctor’s bill to fool GOP fools of the House & the Senate. Fu2721CK FOODSTAMPS. It’s the same Dog and Pony Stunt show pulled by Republicans & Democrats of the House & the Senate during 2011 Fiscal Scam Drama. Oh by the way. "Fiscal Cliff" “was called government shutdown” last year. Let me edutain you bit. 'Fiscal Cliff' is A combination of expiring tax cuts and across-the-board government spending cuts scheduled to become effective Dec. 31, 2012. The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps sending it back into an official recession as it cut household incomes, increased unemployment rates and undermined consumer and investor confidence. At the same time, it was predicted that going over the fiscal cliff would significantly reduce the federal budget deficit. Who actually first uttered the words "fiscal cliff" is not clear. Some believe that it was first used by Goldman Sachs economist, Alec Phillips. Others credit Federal Reserve Chairman Ben Bernanke for taking the phrase mainstream in his remarks in front of Congress. Others credit Safir Ahmed, a reporter for the St. Louis Post-Dispatch, who in 1989 wrote a story detailing the state's education funding and used the term "fiscal cliff." If Congress and President Obama do not act to avert this perfect storm of legislative changes, America will, in the media's terms, "fall over the cliff." Among other things, it will mean a tax increase the size of which has not been seen by Americans in 60 years. n
The fiscal cliff is separate from government shut-down, that comes up when the debt limit needs to be increased. That is coming up regardless as to what is worked out here. Wall Street Masters, Masters of War, Masters and Johnson, one stop catch-all explanations for complex human behavior. Why not.
google this: nHoekstra said he was the guy that along with others that shutdown government and led the effort to stop the expanse of no child left behind, when only 20 Republicans voted no. He said his opponents were distorting his record.
ldubinsky, so is time gaining on us or is the promised Kingdom sneaking up on cats paws without us realizing? n nww.youtube.com/watch?v=9GkFg3wGTVE
"……….socialism can only be achieved through a certain sequence of steps and manipulations. For instance, the only way to attain material equality is to confiscate someone's property and give it to others. n nThat necessitates a centralized mechanism of coercion, redistribution, and control. Such a system gives extraordinary corrupting powers to a small centralized elite, while turning the rest of the citizenry into a compliant, obsequious herd. n nAll those who claimed they can do it differently were doomed to retrace the same path. Once you unleash the ancient powers of collectivism, you have only two options: control the human herd or be trampled underfoot. n nDrawing blood is always an option, but there's also a "cleaner" way to control the crowds by manipulating their minds with the cattle prods of collectivist morals and a fictional narrative that supplants the reality. nLet's call it the Mind Game of Manipulative…" n namazing article at American Thinker by Oleg Abasian