Obama, Republicans reach deal to extend tax cuts, unemployment benefits

[DiveCon]

President Obama and congressional Republicans have agreed to a tentative deal that would extend for two years all the tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.
The deal has been in the works for more than a week and represents a concession by Obama to political reality: Democrats don't have the votes in Congress to extend only the expiring tax breaks that benefit the middle class. The White House estimates that the proposed agreement would prevent typical families from facing annual tax increases of about $3,000, starting Jan. 1.

Tax-cut deal reached between Obama, Republicans

 

[Jeremy]

good.

 

[jillian]

he should have told them to screw themselves.

 

[Big Black Dog]

The Republicans should have told Obama to go fuck himself.

 

[California Girl]

he should have told them to screw themselves.

He's stupid... but not that stupid.

 

[Jeremy]

I think they both said ... "Ah fuck it"

 

[(R)IGHTeous 1]

The Republicans should have told Obama to go fuck himself.

That, and then the deal where he resigns and Biden takes over.

Cmon if nothing else it'll be a laugh riot with that immature yet increasingly senile wack off, you know it.

 

[Dont Taz Me Bro]

How will the unemployment benefits be paid for? More debt spending. Will the decrease in the payroll tax result in a decrease in Social Security benefits? If not, how can we afford to do that when SS is also underfunded?

I feel this is an irresponsible move by both parties.

 

[Big Black Dog]

The Republicans should have told Obama to go fuck himself.

That, and then the deal where he resigns and Biden takes over.

Cmon if nothing else it'll be a laugh riot with that immature yet increasingly senile wack off, you know it.

Having Biden as President would be better than any Saturday Night Live show there has ever been!

 

[(R)IGHTeous 1]

The Republicans should have told Obama to go fuck himself.

That, and then the deal where he resigns and Biden takes over.

Cmon if nothing else it'll be a laugh riot with that immature yet increasingly senile wack off, you know it.

Having Biden as President would be better than any Saturday Night Live show there has ever been!

Yup....gotta love a V.P. who goes on cable t.v. to play dress up.....

 

[DiveCon]

I think they both said ... "Ah fuck it"

yup
a 13 month extension of Unemployment benefits
looks like both sides caved on key issues

 

[DiveCon]

How will the unemployment benefits be paid for? More debt spending. Will the decrease in the payroll tax result in a decrease in Social Security benefits? If not, how can we afford to do that when SS is also underfunded?

I feel this is an irresponsible move by both parties.

the payroll taxes will stay the same

 

[LordBrownTrout]

I figured this would be the likely outcome. I'm glad it's done.

 

[Dont Taz Me Bro]

the payroll taxes will stay the same

I don't believe that is what being proposed.

President Obama and congressional Republicans have agreed to a tentative deal that would extend for two years all the tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.

There is also this.

Also, the plan would include a new tax cut for workers in the form of a year-long reduction in the payroll tax of 2 percentage points.

White House, GOP Lawmakers Near Broad Deal on Tax Cuts - WSJ.com

 

[Big Black Dog]

I think they both said ... "Ah fuck it"

yup
a 13 month extension of Unemployment benefits
looks like both sides caved on key issues

The funniest this is the US can't afford to do either one. Right now, somebody's on the White House telephone calling China to arrange another loan. Another thing is that we aren't going to be able to pay the loan off cause we're too stupid to print money.

 

[jillian]

That, and then the deal where he resigns and Biden takes over.

Cmon if nothing else it'll be a laugh riot with that immature yet increasingly senile wack off, you know it.

Having Biden as President would be better than any Saturday Night Live show there has ever been!

Yup....gotta love a V.P. who goes on cable t.v. to play dress up.....

like this?

 

[LordBrownTrout]

I think they both said ... "Ah fuck it"

yup
a 13 month extension of Unemployment benefits
looks like both sides caved on key issues

The funniest this is the US can't afford to do either one. Right now, somebody's on the White House telephone calling China to arrange another loan. Another thing is that we aren't going to be able to pay the loan off cause we're too stupid to print money.

QE 4-59 in the next two years.

 

[jillian]

he should have told them to screw themselves.

He's stupid... but not that stupid.

he's far from stupid.

but he is a winp.

he should have made mitch mcconnell vote against exgending unemployment benefits on christmas eve...

 

[AquaAthena]

President Obama and congressional Republicans have agreed to a tentative deal that would extend for two years all the tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.
The deal has been in the works for more than a week and represents a concession by Obama to political reality: Democrats don't have the votes in Congress to extend only the expiring tax breaks that benefit the middle class. The White House estimates that the proposed agreement would prevent typical families from facing annual tax increases of about $3,000, starting Jan. 1.

Tax-cut deal reached between Obama, Republicans

This is the best news for all. AND Obama will have an opportunity to expound on it as the elections in `12, loom. I think, with this compromise, he has done himself a favor if the economy improves and if he really wants a second term. He may regain support of Independents and women, which he lost so drastically the past two years. His base will hang with him for the entitlements unless a new and improved version of a Democratic leader comes along.

 

[VaYank5150]

President Obama and congressional Republicans have agreed to a tentative deal that would extend for two years all the tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.
The deal has been in the works for more than a week and represents a concession by Obama to political reality: Democrats don't have the votes in Congress to extend only the expiring tax breaks that benefit the middle class. The White House estimates that the proposed agreement would prevent typical families from facing annual tax increases of about $3,000, starting Jan. 1.

Tax-cut deal reached between Obama, Republicans

This is the best news for all. AND Obama will have an opportunity to expound on it as the elections in `12, loom. I think, with this compromise, he has done himself a favor if he really wants a second term.

Obama did nothing but finally show once and for all that he is all talk and no action. Obama caved. He just lost one vote, should he be on the ballot in 2012. The Republicans are no better. They lied to the American voters and told them that if they put them back in power, they would stand for smaller government and cut spending. They did just the opposite today. Obama should have hedl his ground and kept the tax cuts in place for those making $250K and less (you know, the people who actually need to money more), and then forced the GOP to push for tax cuts for the millionaires after they take control of the House in January. What a whimp Obama has turned out to be. You cannot talk about bringing "hope and change" if you are not will to fight for it.