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Debt ceiling debate turns to yacht class
Politico ^ | 6 Jul 2011 | SCOTT WONG

Posted on 07/07/2011 11:30:51 AM PDT by mandaladon

Democrats turned to a tried-and-true strategy this week in the fight over the debt ceiling, casting Republicans as the guardians of yacht owners, hedge fund managers and Big Oil.

After a week of speeches laced with populist rhetoric and shortly after Senate Majority Leader Harry Reid announced a vote on a resolution written as a lose-lose for Republicans, House Majority Leader Eric Cantor conceded that his party is open to talking about loopholes, a shift from his previous hard line.

“Voters don’t have a favorable view of millionaires. This is something the president and other Democrats are using to project a populist tone,” said Tom Jensen, director for the Democratic Public Policy Polling. “It’s something that cuts across the party lines, especially in an economic climate like this.”

Republicans are calling the assault a class war, but Democrats say they’re simply pointing out the difference in the two party’s take on who should get perks in the tax code — with their party siding with the middle class.

President Barack Obama has been the driving force, repeatedly laying out the case that corporations and wealthy Americans should contribute more as part of a debt ceiling agreement.

“The debt ceiling should not be something that is used as a gun against the heads of the American people to extract tax breaks for corporate jet owners, or oil and gas companies that are making billions of dollars because the price of gasoline has gone up so high,” Obama said during a Twitter town hall on Wednesday.

In the Senate, Reid has even set up a vote — a rarity in the chamber these days — calling on millionaires to pay more taxes, a maneuver that will let Democrats tell voters to look whose side Republicans are on,

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy; Extended News; Government; Politics/Elections
KEYWORDS: economy; johnkerry; nottooswiftboat; obama; taxevasion; yacht; zero
“Voters don’t have a favorable view of millionaires. This is something the president and other Democrats are using to project a populist tone,” said Tom Jensen......Let's see how many Democrat Senators and Congressmen are millionaires???
1 posted on 07/07/2011 11:30:56 AM PDT by mandaladon
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To: mandaladon

Just trying to help out John Kerry.


2 posted on 07/07/2011 11:34:41 AM PDT by MarkeyD (Obama is a victim of Affirmative Action)
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To: mandaladon
I wonder where "Vietnam John" will stash his yacht now?


3 posted on 07/07/2011 11:35:18 AM PDT by Emperor Palpatine (Can you afford to board the Chattanooga Choo-Choo?)
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To: mandaladon

““Voters don’t have a favorable view of millionaires”

Voters are driven by jealousy, envy, covetousness, bitterness. And politicians pander to that.


4 posted on 07/07/2011 11:35:29 AM PDT by all the best
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To: mandaladon
The Jet industry has already taken a hit from these stupid pronouncements. Now I guess the boating industry can suffer too.

We've got a $1.6T deficit -- and we think that taxing yachts will fix that little problem?

5 posted on 07/07/2011 11:35:45 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: mandaladon
“Voters don’t have a favorable view of millionaires. This is something the president and other Democrats are using to project a populist tone,” said Tom Jensen, director for the Democratic Public Policy Polling. “It’s something that cuts across the party lines, especially in an economic climate like this.”

....of course voters have a favorable view for the generational welfare recipient, don't they Tom??? the people that would rather sit around and collect freebies from the gov't rather then get out there and work, as so many illegals are...you know Tom- the 63.5million that don't pay $.01 of federal income tax...better known as the base of the party you poll for....
6 posted on 07/07/2011 11:36:07 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: mandaladon

Harry Reid has gotten very rich just being a senator. At least in the private sector, you become a millionaire by producing something other people want to buy. Reid and company produce nothing except hot air, red tape, and red ink.


7 posted on 07/07/2011 11:36:15 AM PDT by Argus
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To: mandaladon

are you kidding?

The bonehead class warriors define anyone making over $200,000 as a millionaire ..... I guess they assume you can save it all for 5 years and live off credit cards

Now, trust funds, and those who live off of trust funds- lets see the loopholes on those dissolved ...


8 posted on 07/07/2011 11:37:21 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: mandaladon

Using government force to spread the wealth around is Marxism or worse. Government robbing We the People people is tyranny!

I thought the democrats were all in favor of EQUAL treatment under the law?


9 posted on 07/07/2011 11:37:24 AM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: Argus

didn’t Pelosi watch here wealth increase sum 60% in the past year?? something like a jump from $20mill to $44mill??


10 posted on 07/07/2011 11:38:10 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: all the best

Obama has been the driving force, repeatedly laying out the case that corporations and wealthy Americans should contribute.
Yep like GE,Wall Street,GM.............
If the race card fails use the wealth card dems have played that card for 70 years.


11 posted on 07/07/2011 11:44:28 AM PDT by Vaduz
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To: Emperor Palpatine

12 posted on 07/07/2011 11:45:01 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Vaduz

Problem = American Voter = Stupid is as Stupid does.


13 posted on 07/07/2011 11:47:01 AM PDT by bicyclerepair ( Ft. Lauderdale Florida (D-20))
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To: mandaladon

Interestingly, in my experience, liberals quiet down very quickly when I tell them John Kerry paid a very low percentage of his annual income in taxes the year he ran for prez (and most likely every year since or before).

It is like crickets, and there is nothing else like it. They just shut their mouths and open their eyes and start looking around.


14 posted on 07/07/2011 11:48:49 AM PDT by stanne
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To: mandaladon

15 posted on 07/07/2011 12:09:33 PM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: mandaladon

16 posted on 07/07/2011 12:11:01 PM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: mandaladon

Maybe they should look at what happened the last time they tried a luxury boat tax, and maybe they should look at what people like me are already doing. I used to employ quite a few people, but I now have no employees at all. Some I set up in business on their own, competing against me. Others lost their jobs. None work for me. My income is down more than 90% since Pelosi started coming after people like me, and it doesn’t hurt me a bit. Sadly, it does hurt my state and my country - but not as much as it would hurt if I gave the far left even more tax dollars for their anti-American policies.


17 posted on 07/07/2011 12:18:11 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: mandaladon

18 posted on 07/07/2011 12:20:53 PM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: silverleaf

Now, trust funds, and those who live off of trust funds- lets see the loopholes on those dissolved ...

Yet it is the trust funders that seem to push this class warfare rot with the most vigor. Case in point the current governor of Minnesota. Perfect example of limousine liberals, they got theirs, so they are compelled to kick away the ladder so no one else gets remotely near them. Even Georgy Schwartz (George Soros) freely admitted it.


19 posted on 07/07/2011 12:25:33 PM PDT by Fred Hayek (FUBO, the No Talent Pop Star pResident.)
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To: bicyclerepair

Agree hope the learned what not to do.


20 posted on 07/07/2011 12:29:32 PM PDT by Vaduz
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To: mandaladon

The last time we slapped a tax on yachts it just sent the wealthy shopping overseas to buy them, and sent the skilled American craftsmen who made yachts on to the unemployment line.


21 posted on 07/07/2011 12:48:00 PM PDT by Buckeye McFrog
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To: mandaladon

Here is an opportunity for the republicans to say “Americans don’t like millionaires LIKE NANCY PELOSI AND HARRY REID!”


22 posted on 07/07/2011 1:02:49 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: mandaladon

Every repblican should vote with the dems on this. It’ll never pass the house who why worry?


23 posted on 07/07/2011 1:09:32 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: mandaladon

The canard about the Democrats being for the ‘little guy’ - now transformed into ‘the middle class’ - and Republicans being the party of ‘the rich’ is ancient but, sadly, still resonates with many Americans. That’s why the Democrats keep playing class warfare. It’s stupid and ultimately counter-productive but sadly, the average American buys into it every time. I don’t see this being an exception. The House Republicans will cave. Taxes will rise along with the debt ceiling. Oh, and we’ll get a few measly spending cuts that won’t mean squat. The D.C. game of screw the taxpayer continues, unabated.


24 posted on 07/07/2011 2:17:27 PM PDT by Jim Scott
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To: Jim Scott

I can totally understand why the MSM doesn’t use the phrase “Recovery for Wall $treet but not Main Street” during the Obama Era.

What I can’t understand is why Republicans aren’t using it.


25 posted on 07/07/2011 2:20:26 PM PDT by nascarnation
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To: mandaladon
Harry Reid announced a vote on a resolution written as a lose-lose for Republicans... calling on millionaires to pay more taxes, a maneuver that will let Democrats tell voters to look whose side Republicans are on

What's difficult about this vote? Everybody vote 'yes'. I can guarantee this measure will not come up in the House. End of Reid's little stunt.


26 posted on 07/07/2011 3:02:33 PM PDT by Nick Danger (Pin the fail on the donkey)
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To: Fred Hayek
Gee, most of obama cronies from the weather underground (like Ayers and Dohrn) would have had to work for a living if their revolutionary lifestyle wasn't supported by trust money.

Ever heard of the radical publisher/pundit Katrina Vanden Heuvel? Classic trust fund revolutionary, excoriating capitalism from a nest of privilege feathered by her capitalist grandfather. These true parasites living off tax-sheltered money earned by their forbears permeate the obama administration and progressive liberal think tanks.

I think a fair number of our ambitious Congresscritters (John Kerry comes to mind, also Pelosi) married spouses from families whose inherited sheltered wealth helps support their hobby of ruling the little people on a “tax the rich” platform.

27 posted on 07/07/2011 3:33:19 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: mandaladon

“President Barack Obama has been the driving force, repeatedly laying out the case that corporations and wealthy Americans should contribute more as part of a debt ceiling agreement”.

Contribute more? Like the $76,000 per couple dinner fee to mingle with Barry last week?


28 posted on 07/07/2011 3:37:31 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: mandaladon

Robbery by way of tax hikes isn’t the answer, and the consequence will be a further righteous strangling of revenues.


29 posted on 07/07/2011 3:39:41 PM PDT by familyop ("Dry land is not just our destination, it is our destiny!" --"Deacon," "Waterworld")
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To: Emperor Palpatine
>>> I wonder where "Vietnam John" will stash his yacht now?

(Crocodile Dundee voice): That's not a yacht, now this is a yacht.


30 posted on 07/07/2011 11:04:01 PM PDT by tlb
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