McConnell: No real deficit deal until Obama is gone

[WillowTree]

I think obiedoodle needs to go on another LOOOOOOOOOOOOOOOONG vacation.

 

[8537]

Wow... simply sounds like this guy is saying what many of us have been saying all along... huge reductions in spending are absolutely needed...

Then why do they skip an opportunity to save 4 trillion dollars, reduce defense and entitlement spending, and end ethanol and oil subsidies?

 

[shintao]

and for what? the forth time, enjoy


•Starting in 2013, the bill adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.

• For first time, the bill also applies Medicare’s 2.9% payroll tax rate to investment income, including dividends, interest income and capital gains. Added to the 0.9% payroll surcharge, that means a 3.8-percentage point tax hike on “the rich.” Oh, and these new taxes aren’t indexed for inflation, so many middle-class families will soon be considered rich and pay the surcharge as their incomes rise past $250,000 due to tax-bracket creep. Remember how the Alternative Minimum Tax was supposed to apply only to a handful of millionaires?

• Also starting in 2013 is a 2.3% excise tax on medical device manufacturers and importers. That’s estimated to raise $20 billion.

• Already underway this year is the new annual fee on “branded” drug makers and importers, which will raise $27 billion.

• Another $15.2 billion will come from raising the floor on allowable medical deductions to 10% of adjusted gross income from 7.5%.

• Starting in 2018, the bill imposes a whopping 40% “excise tax” on high-cost health insurance plans. Though it only applies to two years in the 2010-2019 window of ObamaCare’s original budget score, this tax would still raise $32 billion—and much more in future years.

• And don’t forget a new annual fee on health insurance providers starting in 2014 and estimated to raise $60 billion. This tax, like many others on this list, will be passed along to consumers in higher health-care costs.

So your idea of reform is to punish Americans.

I have no idea what you are talking about.....

I didn't figure you would.

Who do you think we are discussing here?

Starting in 2013, the bill adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.

• For first time, the bill also applies Medicare’s 2.9% payroll tax rate to investment income, including dividends, interest income and capital gains. Added to the 0.9% payroll surcharge, that means a 3.8-percentage point tax hike on “the rich.” Oh, and these new taxes aren’t indexed for inflation, so many middle-class families will soon be considered rich and pay the surcharge as their incomes rise past $250,000 due to tax-bracket creep. Remember how the Alternative Minimum Tax was supposed to apply only to a handful of millionaires?

• Also starting in 2013 is a 2.3% excise tax on medical device manufacturers and importers. That’s estimated to raise $20 billion.

• Already underway this year is the new annual fee on “branded” drug makers and importers, which will raise $27 billion.

• Another $15.2 billion will come from raising the floor on allowable medical deductions to 10% of adjusted gross income from 7.5%.

• Starting in 2018, the bill imposes a whopping 40% “excise tax” on high-cost health insurance plans. Though it only applies to two years in the 2010-2019 window of ObamaCare’s original budget score, this tax would still raise $32 billion—and much more in future years.

• And don’t forget a new annual fee on health insurance providers starting in 2014 and estimated to raise $60 billion. This tax, like many others on this list, will be passed along to consumers in higher health-care costs.

 

[Jarhead]

Wow... simply sounds like this guy is saying what many of us have been saying all along... huge reductions in spending are absolutely needed...

Then why do they skip an opportunity to save 4 trillion dollars, reduce defense and entitlement spending, and end ethanol and oil subsidies?

How do you propose we cut defense spending?

 

[uscitizen]

Perhaps we should elect Hillary in 2012. She would kick Mitch's butt.

 

[Jarhead]

So your idea of reform is to punish Americans.

I have no idea what you are talking about.....

I didn't figure you would.

Who do you think we are discussing here?

Starting in 2013, the bill adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.

• For first time, the bill also applies Medicare’s 2.9% payroll tax rate to investment income, including dividends, interest income and capital gains. Added to the 0.9% payroll surcharge, that means a 3.8-percentage point tax hike on “the rich.” Oh, and these new taxes aren’t indexed for inflation, so many middle-class families will soon be considered rich and pay the surcharge as their incomes rise past $250,000 due to tax-bracket creep. Remember how the Alternative Minimum Tax was supposed to apply only to a handful of millionaires?

• Also starting in 2013 is a 2.3% excise tax on medical device manufacturers and importers. That’s estimated to raise $20 billion.

• Already underway this year is the new annual fee on “branded” drug makers and importers, which will raise $27 billion.

• Another $15.2 billion will come from raising the floor on allowable medical deductions to 10% of adjusted gross income from 7.5%.

• Starting in 2018, the bill imposes a whopping 40% “excise tax” on high-cost health insurance plans. Though it only applies to two years in the 2010-2019 window of ObamaCare’s original budget score, this tax would still raise $32 billion—and much more in future years.

• And don’t forget a new annual fee on health insurance providers starting in 2014 and estimated to raise $60 billion. This tax, like many others on this list, will be passed along to consumers in higher health-care costs.

I agree.
But why is that true as it pertains to healthcare but the left continmually argues that it is a falsehood to claim an increase on corporate tax will be passed on to the consumer?

 

[8537]

Wow... simply sounds like this guy is saying what many of us have been saying all along... huge reductions in spending are absolutely needed...

Then why do they skip an opportunity to save 4 trillion dollars, reduce defense and entitlement spending, and end ethanol and oil subsidies?

How do you propose we cut defense spending?

1. Follow the recommendations provided by the Secretary of Defense.
2. Pull troops out of Iraq and Afghanistan on an expedited schedule.
3. Create an international base-closing commission that resembles the work done with BRAC 20ish years ago.
4. End any support for the Joint Strike Fighter and similar programs.
5. Tie increases in military pay to a chained CPI.
6. I could go on....

 

[boedicca]

Wow, sounds good to me... Maybe the GOP really wants to do meaningful cuts, that would be a nice change.

President Obama currently has medicaid, medicare, and social security cuts on the table. Meanwhile, the GOP won't even close tax loopholes or cut the defense budget. And you think they want to do meaningful cuts?

Really? What are those cuts? Please describe how much, the timing, and link to some actual quotes where Obama provides details.

He's been very explicit about tax increases...but where's the beef on his spending cuts?

 

[shintao]

I think obiedoodle needs to go on another LOOOOOOOOOOOOOOOONG vacation.

I bet he would like that, but there is the hard-working image to maintain, and the rights ability to turn a vacation into total neglect of the people in crisis. So, sigh, not going to happen.

 

[WillowTree]

Perhaps we should elect Hillary in 2012. She would kick Mitch's butt.

there once was a time I would have voted for her. It's long since passed. long long long. in fact it's safe to say I think it'll be snowing in hell before i'll ever pull the lever again for a dimwit. You guys have really showed yer asses since 2000. Really.

 

[Sallow]

Perhaps we should elect Hillary in 2012. She would kick Mitch's butt.

This is sort of a first here.

The minority party holding up legislation to (without impeachment) remove a President from power.

Maybe I missed it but when did this happen before? Even during the Civil War..the south was leaving and they elected their own President.

 

[CrusaderFrank]

Let's see the cuts first

 

[Trajan]

Perhaps we should elect Hillary in 2012. She would kick Mitch's butt.

This is sort of a first here.

The minority party holding up legislation to (without impeachment) remove a President from power.

Maybe I missed it but when did this happen before? Even during the Civil War..the south was leaving and they elected their own President.

 

[Jarhead]

Then why do they skip an opportunity to save 4 trillion dollars, reduce defense and entitlement spending, and end ethanol and oil subsidies?

How do you propose we cut defense spending?

1. Follow the recommendations provided by the Secretary of Defense.
2. Pull troops out of Iraq and Afghanistan on an expedited schedule.
3. Create an international base-closing commission that resembles the work done with BRAC 20ish years ago.
4. End any support for the Joint Strike Fighter and similar programs.
5. Tie increases in military pay to a chained CPI.
6. I could go on....

Sounds like a sound plan to me.

 

[WillowTree]

Perhaps we should elect Hillary in 2012. She would kick Mitch's butt.

This is sort of a first here.

The minority party holding up legislation to (without impeachment) remove a President from power.

Maybe I missed it but when did this happen before? Even during the Civil War..the south was leaving and they elected their own President.

ditto that.

 

[Jarhead]

Perhaps we should elect Hillary in 2012. She would kick Mitch's butt.

This is sort of a first here.

The minority party holding up legislation to (without impeachment) remove a President from power.

Maybe I missed it but when did this happen before? Even during the Civil War..the south was leaving and they elected their own President.

Really?

Thats how you took the rhetoric?

Jeez.....no wonder you seem to believe everything you read and hear.

IT WAS RHETORIC....done for affect.......both sides do it.

Relax...no one is using this to kick a president out of power.

 

[shintao]

I have no idea what you are talking about.....

I didn't figure you would.

Who do you think we are discussing here?

Starting in 2013, the bill adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.

• For first time, the bill also applies Medicare’s 2.9% payroll tax rate to investment income, including dividends, interest income and capital gains. Added to the 0.9% payroll surcharge, that means a 3.8-percentage point tax hike on “the rich.” Oh, and these new taxes aren’t indexed for inflation, so many middle-class families will soon be considered rich and pay the surcharge as their incomes rise past $250,000 due to tax-bracket creep. Remember how the Alternative Minimum Tax was supposed to apply only to a handful of millionaires?

• Also starting in 2013 is a 2.3% excise tax on medical device manufacturers and importers. That’s estimated to raise $20 billion.

• Already underway this year is the new annual fee on “branded” drug makers and importers, which will raise $27 billion.

• Another $15.2 billion will come from raising the floor on allowable medical deductions to 10% of adjusted gross income from 7.5%.

• Starting in 2018, the bill imposes a whopping 40% “excise tax” on high-cost health insurance plans. Though it only applies to two years in the 2010-2019 window of ObamaCare’s original budget score, this tax would still raise $32 billion—and much more in future years.

• And don’t forget a new annual fee on health insurance providers starting in 2014 and estimated to raise $60 billion. This tax, like many others on this list, will be passed along to consumers in higher health-care costs.

I agree.
But why is that true as it pertains to healthcare but the left continmually argues that it is a falsehood to claim an increase on corporate tax will be passed on to the consumer?

I didn't know anyone would be foolish enough to say otherwise. The money has to come from somewhere and someone, and it is paid in higher consumer pricing because a corporation isn't going to take a hit on their profit margains.

 

[CrusaderFrank]

Obama and the Dems haven't passed a budget in over 2 years, how do we know they still have the skills to prepare one?

 

[Trajan]

How do you propose we cut defense spending?

1. Follow the recommendations provided by the Secretary of Defense.
2. Pull troops out of Iraq and Afghanistan on an expedited schedule.
3. Create an international base-closing commission that resembles the work done with BRAC 20ish years ago.
4. End any support for the Joint Strike Fighter and similar programs.
5. Tie increases in military pay to a chained CPI.
6. I could go on....

Sounds like a sound plan to me.

cut 47k troops, cut 3 Ford class aircraft carriers, cut 350 F-22's........thats serious money. and it is being done or has been done.....the F-35 is huge too.

 

[shintao]

Perhaps we should elect Hillary in 2012. She would kick Mitch's butt.

there once was a time I would have voted for her. It's long since passed. long long long. in fact it's safe to say I think it'll be snowing in hell before i'll ever pull the lever again for a dimwit. You guys have really showed yer asses since 2000. Really.

I think it works both ways Kitty, this thread topic being a good example.