Posted on 09/08/2010 9:11:14 AM PDT by SeekAndFind
Message from The One to Peter Orszag: I won.
President Obama will rule out on Wednesday any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies.
Mr. Obama’s opposition to allowing the high-end tax cuts to remain in place for even another year or two would be the signal many Congressional Democrats have been awaiting as they prepare for a showdown with Republicans on the issue and ends speculation that the White House might be open to an extension. Democrats say only the president can rally wavering lawmakers who, amid the party’s weakened poll numbers, feel increasingly vulnerable to Republican attacks if they let the top rates lapse at the end of this year as scheduled.
It is not clear that Mr. Obama can prevail given his own diminished popularity, the tepid nature of the economic recovery and the divisions within his party. But by proposing to extend the rates for the 98 percent of households with income below $250,000 for couples and $200,000 for individuals — and insisting that federal income tax rates in 2011 go back to their 2001 levels for income above those cutoffs — he intends to cast the issue as a choice between supporting the middle class or giving breaks to the wealthy.
Right. This is his way of baiting the GOP into opposing him so that Democrats can go back to screaming about how Republicans are the “party of the rich.” It ain’t much, but it’s a little something that might peel off a few populist independents before the midterms. The question is, what do the Blue Dogs do? Stick with the party and spare The One an awkward veto? Or defect in the Orszagian name of temporary tax cuts for everyone to provide a little extra stimulus? If the latter, they’ll spoil the whole partisan “party of the rich” attack. Exit question: Would an Obama veto be that awkward, really? It’d prove he was serious about keeping his campaign promise not to extend the cuts for wealthy taxpayers, but I wonder if the class warfare bonanza will outweigh the horrible optics of vetoing any sort of tax cut right now.
Sure it’s a bait but the GOP only has to vote for the proposed tax cuts and then blame the Rats for the expired ones when the economy continues to sink.
No. Many of us have to compete internationally.
It simply means we have less money to buy things with - from business investments to a new car.
Less money to spend means fewer jobs.
Obama is an idiot.
The truth is income taxes are evil and were forbidden by the original constitution. We need to repeal the 16th amendment and institute a national sales tax, not to exceed 10 % and make that permanent with no changes allowed. Do away with SS by phasing it out and if you wish to keep it then the money will go into individual accounts, interest earning and untouchable by the government. In other words eliminate all existing payroll taxes and go to a sales tax of not more than 10%, permanent and unchangeable.
This would include no corporate income taxes either. In addition the EPA and other idiotic agencies would be disbanded, a few common sense rules about the environment would stay in effect but no special agency to oversee them would exist. No making laws by a bureau.
These are a few things that would even things out. Everyone would pay the same 10%(because you know they would go for the maximum), no exceptions, married, single whatever and NO Income tax flat or otherwise would be allowed ever in perpetuity.
That’s okay, this will be OBAMA’S WATERLOO.
Mark my words! Let me be clear! He’s circling the drain!!
“That’s okay, this will be OBAMA’S WATERLOO.”
Gee let’s see....who can most afford to donate to Republican campaigns to oust Democrats....might that be the people Obama is SCREWING THE MOST?
Payback is a real bitch. Great timing there sport.
The couple who are on baby #20 I believe... or at least planning baby #20. They have 19 kids and they have never taken a government handout.
I agree.
The couple are on baby #20 I believe.
Kudos to them for pulling that off. Well, being true to my principles, if they didn’t demand the welfare dole and managed the children well, then all the more respect from me. I wish more adults in today’s world could have the level of responsibility and willingness to make sacrifices as this couple did. Not the children, but the kind of compassion, responsibility, and support of each other while married that this couple both did and has.
The couple are on baby #20 I believe.
Kudos to them for pulling that off. Well, being true to my principles, if they didn’t demand the welfare dole and managed the children well, then all the more respect from me. I wish more adults in today’s world could have the level of responsibility and willingness to make sacrifices as this couple did. Not the children, but the kind of compassion, responsibility, and support of each other while married that this couple both did and has.
The couple are on baby #20 I believe.
Kudos to them for pulling that off. Well, being true to my principles, if they didn’t demand the welfare dole and managed the children well, then all the more respect from me. I wish more adults in today’s world could have the level of responsibility and willingness to make sacrifices as this couple did. Not the children, but the kind of compassion, responsibility, and support of each other while married that this couple both did and has.
Here’s something that will make you chuckle. They make all of them learn to play the violin. I saw a picture of the kids - the whole lot of them - all holding violins. Hilarious.
They make all of them learn to play the violin.
-It does make me chuckle quite a bit; almost looks as if they produced an orchestra there.
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