The GOP Walked Out Over This??

[bripat9643]

Wrong again, as usual.

That isn't wrong. All you have to do to know that is use turbo tax to calculate taxes for a guy making $25,000.

 

[Sallow]

Wonkbook: The debt-ceiling deal so far - Ezra Klein - The Washington Post

A bit more information has trickled out over the last few days detailing the exact state of the budget negotiations when they collapsed. Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.

Specifically, the Obama administration was looking at a rule that lets businesses value their inventory at less than they bought it for in order to lower their tax burden, a loophole that lets hedge-fund managers count their income as capital gains and pay a 15 percent marginal tax rate, the tax treatment of private jets, oil and gas subsidies, and a limit on itemized deductions for the wealthy.

It's almost not worth going into the details on those particular tax changes because the Republican position has held that the details don't matter: well-designed tax increases won't be looked at any more favorably than poorly designed tax increases. The point, Republicans say, is that there can't be any tax increases, full stop.

Is there any doubt now where the loyalties of the GOP lie?

Maddow had a nice piece on this..

[ame=http://www.youtube.com/watch?v=2khEV88eteA]YouTube - ‪Maddow Exposes Shameless, Craven Republican Hackery, Flip-Floppery & Rooting For America To Fail‬‏[/ame]

 

[Sallow]

Wrong, again for the umpteenth time. We have a spending and revenue problem, which is a tax problem. Taxes are too low and that is the main reason we have this astronomical debt. At the same time, spending has gotten out of control. We must both cut spending and increase revenue. What part of that so utterly confuses the right?

We have no revenue problem. We have a spending problem. No matter how much revenue the government takes it, it spend that amount and then 50% more.

Then why did conservatives get rid of Paygo?

 

[grunt11b]

Wonkbook: The debt-ceiling deal so far - Ezra Klein - The Washington Post

A bit more information has trickled out over the last few days detailing the exact state of the budget negotiations when they collapsed. Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.

Specifically, the Obama administration was looking at a rule that lets businesses value their inventory at less than they bought it for in order to lower their tax burden, a loophole that lets hedge-fund managers count their income as capital gains and pay a 15 percent marginal tax rate, the tax treatment of private jets, oil and gas subsidies, and a limit on itemized deductions for the wealthy.

It's almost not worth going into the details on those particular tax changes because the Republican position has held that the details don't matter: well-designed tax increases won't be looked at any more favorably than poorly designed tax increases. The point, Republicans say, is that there can't be any tax increases, full stop.

Is there any doubt now where the loyalties of the GOP lie?

Nope, no doubts at all, they have always been more loyal to the people and our constitution, unlike the current communists in office right now. They walked out because Obammie does not wanna give an inch, he is like a Kenyan infant in office whining for his milk. He wants it his way or no way, well I guess he get's it no way because the Tea Party caucus is not playing footsies with him like the rest of the GOP. He might as well get used to it, because it is gonna be alot worse after 2012 if he is still president when the Tea party hold the majority in the house and senate.
For all of the talk coming from the bammie white house on the gop being partisan, he is aweful partisan himself by not coming to the table right? The man wont even come to the table to talk with the GOP about this, I give him credit though, he stands strong on his communist agenda.

 

[grunt11b]

Wonkbook: The debt-ceiling deal so far - Ezra Klein - The Washington Post

A bit more information has trickled out over the last few days detailing the exact state of the budget negotiations when they collapsed. Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.

Specifically, the Obama administration was looking at a rule that lets businesses value their inventory at less than they bought it for in order to lower their tax burden, a loophole that lets hedge-fund managers count their income as capital gains and pay a 15 percent marginal tax rate, the tax treatment of private jets, oil and gas subsidies, and a limit on itemized deductions for the wealthy.

It's almost not worth going into the details on those particular tax changes because the Republican position has held that the details don't matter: well-designed tax increases won't be looked at any more favorably than poorly designed tax increases. The point, Republicans say, is that there can't be any tax increases, full stop.

Is there any doubt now where the loyalties of the GOP lie?

At least it was only two GOP'rs that walked out, unlike every democrat in wisconsin last year.

 

[grunt11b]

Where was Ezra Klein when the demonRats fled across the borders in Wisconsin?

Seriously? The first reply and already you're trying to deflect and derail the thread?

No derailing about it, if you're gonna point fingers maybe you should start by pointing them at your own party.

 

[grunt11b]

That's not what I got from reading this. It seems that there is a lot of common ground between the two parties on where cuts can happen. That's actually a good sign. The problem seems to be with the GOP continuing to protect the uber-wealthy, even while screaming about needing to reduce the deficit. If we are to have shared sacrifice, and the social programs being cut mainly affect the poor and middle class, then where is the sacrifice from the wealthy?

You cannot tax one citizen more then the next, it's the law, unless you support Obama breaking more U.S. laws that is.

 

[Sallow]

That's not what I got from reading this. It seems that there is a lot of common ground between the two parties on where cuts can happen. That's actually a good sign. The problem seems to be with the GOP continuing to protect the uber-wealthy, even while screaming about needing to reduce the deficit. If we are to have shared sacrifice, and the social programs being cut mainly affect the poor and middle class, then where is the sacrifice from the wealthy?

You cannot tax one citizen more then the next, it's the law, unless you support Obama breaking more U.S. laws that is.

What law is that?

Got a link?

 

[DontBeStupid]

Welfare and other forms of organized plunder do not make the pie grow. They make is shrink.

You're a fool. If you take some fruit from the top of the pie and put it in the pie, do you suddenly have less pie? You apparently think so.

We have no revenue problem. We have a spending problem. No matter how much revenue the government takes it, it spend that amount and then 50% more.

Yeah, just like they did in 1998, 1999 and 2000 ... Oh, wait.