To: DManA
They say there is no such thing as a dumb question, so I will ask away.
If no legislation is passed in the lame duck session regarding tax rates, can the new congress pass legislation that would be retroactive to Jan.1 2011? If they can with their new numbers, then the burden would be placed directly on Obama would it not?
To: rickomatic
Sure it’s possible. The democrats passed a retroactive tax increase. Why couldn’t you pass a retroactive tax cut.
36 posted on
12/04/2010 10:00:38 AM PST by
DManA
To: rickomatic
If no legislation is passed in the lame duck session regarding tax rates, can the new congress pass legislation that would be retroactive to Jan.1 2011? If they can with their new numbers, then the burden would be placed directly on Obama would it not? Yes, and that is why they are so desperately trying to pass a tax increase for the upper middle class during the lame duck session.
125 posted on
12/04/2010 2:38:21 PM PST by
PapaBear3625
("It is only when we've lost everything, that we are free to do anything" -- Fight Club)
To: rickomatic
“They say there is no such thing as a dumb question, so I will ask away.
If no legislation is passed in the lame duck session regarding tax rates, can the new congress pass legislation that would be retroactive to Jan.1 2011? If they can with their new numbers, then the burden would be placed directly on Obama would it not?”
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Sure, the new congress could attempt this. The problem is, there wouldn’t be enough votes in the senate to override the Marxist president’s veto.
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