Cantor signals shift in GOP stance on tax loopholes

Discussion in 'Politics' started by JimH52, Jul 6, 2011.

  1. JimH52
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    JimH52 Gold Member

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  2. Political Junky
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    Political Junky Gold Member

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  3. Liability
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    Liability Locked Account. Supporting Member

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    No. If they cave in, it isn't to "reason." It's to business as usual. Gutless, mindless, spineless Republicans doing what they do so often and so well: being liberal Democrat piss-bois.

    There should -- of course -- be no "compromise." Get President Obama and the filthy dishonest liberal Demoncraps to "blink," instead.

    But that would take integrity.
     
  4. Grampa Murked U
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    Grampa Murked U Diamond Member

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    It's tax loopholes lol who gives a shit as long as the base rates don't go up. And they said loop holes were on the table long ago
     
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  5. Liability
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    A home-mortgage deduction is a "loophole." When they "close" that loophole, lots of people will end up paying much higher taxes.

    We aren't actually talking about closing "loopholes."

    Let's be real.

    We are still talking about raising taxes.
     
  6. JimH52
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    JimH52 Gold Member

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    The GOP knows it will lose, if the nation defaults. They have to at least look reasonable to the American voters. I expect they have figured that they have pushed the point as far as it could go.
     
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  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Republicans are convinced they are in a lose/lose situation so they are going squishy.

    Fuck Obama.

    Start the negotiations by getting Obama to admit he's a Failed Leader, "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. ... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies." -- Barack Hussein Obama, Failed Leader, Community Organizer and low-level socialist agitator

    Then tell him to shut the fuck up and stop driving the country off the cliff like Obama & Lousie
     
  8. JimH52
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    JimH52 Gold Member

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    Republicans have been singing the perils of the downfall of the Lear jet, if the tax deduction was taken away for that. Now they seem to be backing away. THEY FRIGIN BLINKED!
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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  10. American Horse
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    American Horse AKA "Mustang"

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    There has been no change; Cantor and the Republicans (and conservative repubs like me) have from the start, and continue to be for throwing out loopholes in exchange for lowering corporate tax rates for all corps so that croney capitalism gives way to free enterprise and thus a leveler playing field for all US corporations.

    The Dems say no because the say they're against tax breaks for CEOs who fly their corporate jets, but in reality they love croney capitalism because it gives them power and with power comes graft, political advantage for their friends (think Jeffrey Imelt, GE, and windmills), and a capacity for economic engineering through tax manipulation, and the ability to coerce thru regulatory fiat.

    From your link:
    (CNN)-A day before congressional leaders meet with President Barack Obama to discuss how to raise the debt limit, the number-two House Republican opened the door to possible compromise, saying Wednesday he is open to closing some of the tax “loopholes” that Democrats have been pushing, but only if those items are offset by reducing taxes in other areas.

    “If the president wants to talk loopholes, we’ll be glad to talk loopholes,” House Majority Leader Eric Cantor said at his weekly session with reporters on Capitol Hill.

    I say close ALL the loopholes!

    Good Lord, people...read the link!
     
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    Last edited: Jul 6, 2011

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