The Real Hostage Takers: Democrats Threaten Taxmageddon for All Unless Rich Pay More

[Stephanie]

links in article at site

SNIP:

by Joel B. Pollak16 Jul 2012539post a comment

A year ago, President Barack Obama called Republicans "hostage takers" for staying true to their mandate and refusing to agree to tax hikes as part of the debt ceiling deal. Now, the Washington Post reports that Democrats are explicitly threatening to allow "nearly $600 billion worth of tax hikes and spending cuts"--otherwise known as "Taxmageddon"--in January unless Republicans agree to raise taxes on the highest earners. It's the clearest sign of which party is, in fact, the most extreme--and the most willing to put party ahead of country.

"Taxmageddon" marks the expiration date of the Bush tax cuts, as well as the end of the payroll tax holiday. It is so dramatic that it risks plunging the economy definitively back into deep recession. Democrats, including the president, have campaigned against the Bush tax cuts for more than a decade, but have never had the political will--not even with full control of both houses of Congress and the White House--to repeal them. They settled for letting the tax cuts expire for "the rich" alone, but could not agree on the definition of "rich," with President Obama targeting households earning more than $250,000, and Senate Democrats pushing for $1 million.

read it all here.
The Real Hostage Takers: Democrats Threaten Taxmageddon for All Unless Rich Pay More

 

[Katzndogz]

Of course, this is the Chicago way. They don't only go after you, but your family and friends too.

 

[PoliticalChic]

links in article at site

SNIP:

by Joel B. Pollak16 Jul 2012539post a comment

A year ago, President Barack Obama called Republicans "hostage takers" for staying true to their mandate and refusing to agree to tax hikes as part of the debt ceiling deal. Now, the Washington Post reports that Democrats are explicitly threatening to allow "nearly $600 billion worth of tax hikes and spending cuts"--otherwise known as "Taxmageddon"--in January unless Republicans agree to raise taxes on the highest earners. It's the clearest sign of which party is, in fact, the most extreme--and the most willing to put party ahead of country.

"Taxmageddon" marks the expiration date of the Bush tax cuts, as well as the end of the payroll tax holiday. It is so dramatic that it risks plunging the economy definitively back into deep recession. Democrats, including the president, have campaigned against the Bush tax cuts for more than a decade, but have never had the political will--not even with full control of both houses of Congress and the White House--to repeal them. They settled for letting the tax cuts expire for "the rich" alone, but could not agree on the definition of "rich," with President Obama targeting households earning more than $250,000, and Senate Democrats pushing for $1 million.

read it all here.
The Real Hostage Takers: Democrats Threaten Taxmageddon for All Unless Rich Pay More

It should be noted that the tax increase so firmly endorsed by Obama would bring in $85 billion annually, Will President Obama's Class Warfare Strategy win him Re-election?


while “The US Government spends $10460188800 (~$10 billion, 460 million) per day”
US Government Budget Visualized: Tax Revenue & Deficit stacked in $100 bills



Seems not to have anything to do with economics....doesn't it.

 

[Claudette]

Nope. Its his class warfare bs. Divide and conquer.

He can't run on his sucky records so lets divide America. The rich and everybody else.

Somehow I doubt it will work as folks will be voting with their pockebooks in Nov.

The economy and jobs are what will be driving the vote. Barry ain't done to good at either one.

 

[occupied]

Republicans purposely made all this crap fall on the election year thinking that it would be a wonderful thing to scare people into voting for their candidate rather than settle it in a reasonable and permanent manner like they should have. Kicking the can down the road has consequences. They are probably still wondering how the hell it turned into a disadvantage for them.