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Will the Bush Tax Cuts be Extended?

Will the Bush tax cuts for the wealthiest 2% be extended?

  • Yes, Congress will hook up their hbuddies

    Votes: 8 57.1%
  • No, Congress will agree w/the President and let them expire

    Votes: 6 42.9%

  • Total voters
    14
https://www.deseretnews.com/article/700090580/Defeat-Tax-deal-is-Obamas-new-stimulus-victory.html

Interesting take from someone glued to the GOP.

Apparently he disagrees w/a lot of people. He believes Obama scored big. Thoughts?

Some highlights:
Barack Obama won the great tax-cut showdown of 2010 — and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years — which just happen to be the two years of the run-up to the next presidential election. This is a defeat?

If Obama had asked for a second stimulus directly, he would have been laughed out of town. Stimulus I was so reviled that the Democrats banished the word from their lexicon throughout the 2010 campaign. And yet, despite a very weak post-election hand, Obama got the Republicans to offer to increase spending and cut taxes by $990 billion over two years

Obama's public exasperation with this infantile leftism is both perfectly understandable and politically adept. It is his way back to at least the appearance of centrist moderation. The only way he will get a second look from the independents who elected him in 2008 — and abandoned the Democrats in 2010 — is by changing the prevailing (and correct) perception that he is a man of the left.

Hence that news-conference attack on what the administration calls the "professional left" for its combination of sanctimony and myopia. It was Obama's Sister Souljah moment. It had a prickly, irritated sincerity — their ideological stupidity and inability to see the "long game" really do get under Obama's skin — but a decidedly calculated quality, too. Where, after all, does the left go? Stay home on Election Day 2012? Vote Republican?

No, says the current buzz, the left will instead challenge Obama for the Democratic nomination. Really now? For decades, African-Americans have been this party's most loyal constituency. They vote 9-1 Democratic through hell and high water, through impeachment and recession, through everything. After four centuries of enduring much, African-Americans finally see one of their own achieve the presidency. And their own party is going to deny him a shot at his own re-election?

Not even Democrats are that stupid. The remaining question is whether they are just stupid enough to not understand — and therefore vote down — the swindle of the year just pulled off by their own president.
 
My question is, where's the tea party people? Are they off on vacation for this month? I thought they were against deficits?
 
What are they supposed to do about decisions in a lame duck session?

Do the same thing they've done the past two years, moan and bitch about everything. Duh. What else have they done? If the Tea Party could be summarized into one NBA player, it would be Rasheed Wallace. They never stop crying. That's what (all) they do best.

They still think there's enough room to cut to pay for all of this. Cut taxes, cut government. Simple as that.

So what is there to cut (other than two wars) that would help save 1.2 trillion over the next two years? Remember, "Keep your damn government hands off my medicare."

Somehow, I doubt any of the old white tea party crowd will be too happy about cuts to SS or Medicare....
 

That's funny, sounds like the Tea Party Boy has "gone rogue."

Sounds like the tea party's creation has now become its master.

https://content.usatoday.com/communities/onpolitics/post/2010/12/scott-brown-tea-party-tax-cuts-/1
Sen. Scott Brown could find himself on the Tea Party's bad side once again.

The GOP senator, who was helped to victory in Massachusetts by Tea Party supporters, said today he'll vote for the controversial tax-cut deal worked out by President Obama and congressional Republicans.

"It will help get our economy back on track by allowing people to keep more of the money they earn," Brown said in a statement today.
 
Do the same thing they've done the past two years, moan and bitch about everything. Duh. What else have they done? If the Tea Party could be summarized into one NBA player, it would be Rasheed Wallace. They never stop crying. That's what (all) they do best.

What else have they done? They gained 63 seats in the House. That's about as miraculous as when the Jazz came back to beat the Heat in overtime with Millsap leading the charge.
 
What else have they done? They gained 63 seats in the House. That's about as miraculous as when the Jazz came back to beat the Heat in overtime with Millsap leading the charge.

Considering the economy? Not miraculous at all.

Solutions please. What should be cut? Obviously we're not going to cut SS or Medicare, not even the Tea Party crowd wants that. They also won't allow us to make any cuts in defense spending.

So what's going to be cut to make up for the... I think it's what.... 600 billion over the next 2 years?

Here's something interesting:

https://themoderatevoice.com/93968/...permanent-extension-of-middle-class-tax-cuts/
Interestingly, CRS finds that if Congress allows “the tax cuts targeted to high income taxpayers to expire as scheduled,” it “could help reduce budget deficits in the short-term without stifling the economic recovery.”

Any questions as to why the government is in the state that it's in? Completely bought off. If we let the tax cuts expire for the high income taxpayers, it wouldn't hurt the economy but would help shave a few billion off the growing deficit. But we gotta give them handouts. Not to stimulate the economy, but because they contribute the most to their campaign funds. Heck, most of those senators belong to that high income tax bracket and surely don't want to pay more taxes. That would involve patriotism.
 
Considering the economy? Not miraculous at all.

Solutions please. What should be cut? Obviously we're not going to cut SS or Medicare, not even the Tea Party crowd wants that. They also won't allow us to make any cuts in defense spending.

So what's going to be cut to make up for the... I think it's what.... 600 billion over the next 2 years?

Here's something interesting:

https://themoderatevoice.com/93968/...permanent-extension-of-middle-class-tax-cuts/


Any questions as to why the government is in the state that it's in? Completely bought off. If we let the tax cuts expire for the high income taxpayers, it wouldn't hurt the economy but would help shave a few billion off the growing deficit. But we gotta give them handouts. Not to stimulate the economy, but because they contribute the most to their campaign funds. Heck, most of those senators belong to that high income tax bracket and surely don't want to pay more taxes. That would involve patriotism.

You want specifics about what to cut after "hope and change?"

You can't think of anything to cut besides SS and Medicare?

It wouldn't hurt the economy to raise taxes on business owners who create jobs?

Patriotism means forking over half or more of your income to the likes of Barney Frank?
 
Just been reading this thread. Here are my two bits' worth. I think we should pack it up and bring our boys home from the "flower" wars. I would make SS and other gov programs we have to contribute to "voluntary" or sell them off to private contractors/providers, maybe requiring a minimum of ten competing choices for the 'beneficiaries' of these programs to be contracted. I'm getting moderate in my old age. I used to just try to annoy people enough to make them think by saying that public service should be a punishment, a career choice nobody would make unless either a moron or willing to just help others for no compensation. . . . . that we should hold lotteries, not elections, to see who has to do the government jobs. . . . that in order to reduce the size of government we should have a lottery each year wherein one in ten government employees will be guillotined. . . . unless they resign at once. . . . . So now that I'm mellowed out and somewhat reasonable, I just ask can anyone name one government agency or dept or entity of any kind that is not just gorging itself and bloating, growing three times as fast as the economy. . . . and when will this ever end. . . . . when two out of three of us work for the government and have to be supported by the one third still productive people?

Obama is showing his true colors. He is not really a marxist or a radical except in his imagination. He is a man who will do what he has to do for the people who count to him, which are not the lowly citizens but the big money backers. And he is a pragmatist, or is becoming one rapidly. I don't like the extension of the unemployment comp but I do favor a straight income tax and fewer dodges allowed. Eliminating the progressive tax structure will result in higher pay for the low end people just because employers will have to pay enough for their workers to live on. Well, even the "undocumented" workers will be looking at their take-home pay when agreeing to work. And the bottom line is this is what it will take to bring the very wealthy to pay taxes after all. And this kind of thinking will restore our public sanity about all kinds of government activities. . . . all people will know they'll all have to pay for it. . . .

BTW, Thriller, I think your posts are very good on this subject for your point of view, and thank you for starting this thread.
 
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