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FOX NEWS: Tax Hikes 'Impossible' Under Debt Deal? Think Again ( Debt deal is indeed a BIG TAX HIKE!)
FoxNews ^ | August 01, 2011 3:20PM Eastern | Staff

Posted on 08/01/2011 11:06:13 AM PDT by Kevin in California

Edited on 08/01/2011 12:52:01 PM PDT by Admin Moderator. [history]

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To: STARWISE

Can you POSSIBLY be so uninformed as to belive this COMMISSION CN PASS TAX LEGISLATION ON IT’S OWN


101 posted on 08/01/2011 11:36:18 AM PDT by 101voodoo
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To: Kevin in California
Lucy (Dems) is holding the ball for Charlie Brown (GOP) again... and it looks like he hasn't learned a thing.

Dems are just doing what they always do... Tax Republicans and spend on Dem constituents. The reason there is no budget in FY 11 is because it allows them to keep spending at FY 10 levels (think stimulus) and now we find that stimulus spending is going into the baseline for FY 12. We need someone who can out smart these criminals...

102 posted on 08/01/2011 11:36:45 AM PDT by RedEyeJack
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To: null and void

103 posted on 08/01/2011 11:37:06 AM PDT by Thane_Banquo
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To: Hoodat

Not really...did anyone REALLY think that we were going to get real spending reform with the Dems in control of the Senate and White House?

IMHO this doesn’t help the Dems that much, but nor does it hurt them.

What hurts them is Obama’s 40% approval rating, 1.4% GDP growth (likely to be revised down), and unemployment over 9%.

NO debt deal was going to improve that between now and fall 2012.


104 posted on 08/01/2011 11:37:12 AM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: MindBender26
FWIW, I'm not take the time to get my knickers in a knot about the headline :)

9 Reasons to Oppose Boehner 4.0 Debt Deal

105 posted on 08/01/2011 11:37:18 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: STARWISE

Time to slow down, read the bill in its entirety and pause to consider the future of the country. Birthday party has to be on the back burner.


106 posted on 08/01/2011 11:37:59 AM PDT by sanjuanbob (Festina Lente)
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To: Kevin in California
There's no tax hike in the bill.

The reason the Speaker is late is he has to explain to some air-heads that that is the case.

107 posted on 08/01/2011 11:38:04 AM PDT by what's up
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To: RummyChick

Good!!!! Why would the Republicans want their name on this piece of garbage. It does NOTHING to help the economy.


108 posted on 08/01/2011 11:38:22 AM PDT by jersey117
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To: 101voodoo

Did you miss the mechanism in the bill that Granny gets it if the commission can’t agree

6 dems
raise taxes

Granny gets it if a RINO doesn’t cave.

Plus this is all about monkeying around with the baseline.


109 posted on 08/01/2011 11:38:49 AM PDT by RummyChick (It's a Satan Sandwich - perfect for Obama 666)
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To: ilgipper

Agreed - the problem was the Donks didn’t want their Dear Leader to have to face this in his re-election and refused to approve any deal that exposed him to that.

Sad thing is, I don’t think it’ll matter much for Obozo.


110 posted on 08/01/2011 11:38:57 AM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: Kevin in California

Any increase in national debt is by nature a tax increase. All debt must eventually be paid by tax revenues. The amount tax revenues must increase, in present value terms, is equal to the increase in the debt. Debt = taxes. Law of Economics.


111 posted on 08/01/2011 11:39:10 AM PDT by Thane_Banquo
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To: humblegunner

Well at least it’s not a blog!


112 posted on 08/01/2011 11:39:34 AM PDT by JerseyDvl (Sometimes the road less traveled.... is less traveled for a reason.)
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To: RummyChick
On Fox Business Channel too. Neil Cavuto says it's buyers remorse, especially about 'revenues'. Two White House spokesmen said 'revenues' are still part of the deal. Sen. Reid said Rep. Cantor was ok with 'revenues' but Rep. Cantor's office says that is false.

The House will take up the deal after 6:00 PM.

113 posted on 08/01/2011 11:39:38 AM PDT by relee ('Till the blue skies drive the dark clouds far away)
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To: JerseyDvl; humblegunner

“Well at least it’s not a blog!”

Yeah, but seems we used to have standards here.

Posting like this is Bull**it!


114 posted on 08/01/2011 11:42:31 AM PDT by right way right (Who that at my door?)
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To: paul51
There is no time to read it. We are in a crisis!!!

Let's see... this is crisis number four or five since Obummer was elected. Always last minute crisis, eliminating time to be reasonable. Every Representative and Senator should be required to visit their district before passing any bill. Tired of "back-room" deals made in D.C.

115 posted on 08/01/2011 11:43:28 AM PDT by The Citizen Soldier (I will always remember exactly where I was when Obama made his NCAA picks.)
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To: what's up

Anyone else hear about the bill including free (tax-paid) birth control for the asking and again cutting Medicare payments to doctors? A partner in my doctor’s practice just announced he will not take any new Medicare patients.


116 posted on 08/01/2011 11:43:55 AM PDT by pabianice (")
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To: Triple
a complaint that someone else posted something, well within the guidelines, that you didn’t like

Like or dislike doesn't enter the equation.

It's unsourced hear-say. Would you be in favor of everyone posting threads about something they saw on TV?

117 posted on 08/01/2011 11:44:12 AM PDT by humblegunner (The kinder, gentler version...)
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To: Kevin in California

Shannon Bream is a nitwit.

Fox is into sensationalism.

That said, what she said - if your report is accurate - is speculative.

As yet - as of your post about it - the supposed tax hike in the agreement is unidentified.

Her statement on why Speaker Boehner is late is guesswork...she had nothing to back it up.

Another post says the vote is postponed because the deal doesn’t have the votes.

That could be why Boehner was late...but no, the nitwit Shannon Bream guessed it was because a big tax hike was hidden in plain sight in the deal and was suddenly discovered.

I’ll wait before reacting.


118 posted on 08/01/2011 11:45:21 AM PDT by txrangerette ("...HOLD TO THE TRUTH; SPEAK WITHOUT FEAR." - Glenn Beck)
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To: Kevin in California

Almost by definition, $Trillions more in debt *IS* a tax increase. You need to include who is being taxed when defining more debt as a tax. In this case, the tax is on our kids, their kids, and their kid’s kids.

And I’m not kidding.


119 posted on 08/01/2011 11:45:33 AM PDT by C210N (0bama, Making the US safe for Global Marxism)
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To: Kevin in California

120 posted on 08/01/2011 11:45:36 AM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: pabianice

Not in the bill. It was announced by Kathleen Sebelius, the Secretary of Health and Human Services. I think it’s a new regulation.


121 posted on 08/01/2011 11:45:50 AM PDT by relee ('Till the blue skies drive the dark clouds far away)
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To: Kevin in California; longtermmemmory; All

I think I stated that incorrectly, in my rush to answer the doorbell.

I think it’s that the

EXTENSION

of the Bush tax cuts represents a loss to the govt — Something like $5 trillion — and for which this ‘loss’ must be then treated with added taxes indeed.

That’s what’s so despicable about these purposely confusing, confounding mathematical theatrics and gymnastics. Then add the lying and spin to that.

TERM LIMITS for ALL OF ‘EM !!!


122 posted on 08/01/2011 11:45:54 AM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: All

Apparently this REALLY IS a well disguised tax hike.

No one not familiar with the way Washington “works” would be able to spot it, but the key is that it uses the existing tax laws as the base. The Bush tax hikes expire at the end of 2012, and this makes sure they do, in fact expire.

In other words, since Obama will be the President at the end of 2012, and until January 20th, 2013, he will be the President at the time this would kick into effect even if he is not re-elected. He would certainly veto any attempt to repeal this.

The only way to stop the tax hike would be to retroactively repeal the hike after the new President and Congress was sworn in. If the dems retain 41 seats or more in the Senate, which is likely, they would be able to block any repeal.

It also messes with the AMT, making it much worse. I haven’t had time to get the details on that.

In other words, this thing raises taxes A LOT. It is, indeed, a very clever trap.


123 posted on 08/01/2011 11:46:10 AM PDT by EternalHope (You can't make a deal with the Devil, or reach across the aisle to Obama.)
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To: Peter from Rutland

The Bush tax cuts expire in 2012. Not extending them is NOT considered a tax increase/new tax.


124 posted on 08/01/2011 11:46:11 AM PDT by Sacajaweau
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To: KarlInOhio

Obama wants the Bush tax cuts to expire...and says he will veto any bill that trys to reinstate that....course he needs to get reelected....


125 posted on 08/01/2011 11:46:33 AM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: what's up

I posted what Fox has on THEIR site, Verne.


126 posted on 08/01/2011 11:47:23 AM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: The Citizen Soldier

(I will always remember exactly where I was when Obama made his NCAA picks.)

FANTASTIC!


127 posted on 08/01/2011 11:47:58 AM PDT by sanjuanbob (Festina Lente)
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To: Hoodat

FoxNews has just learned what Freepers figured out 15 hours ago.
///
not all FReepers.
some have been busy for the past 2 days, saying what a great victory this bill is, and what a great job Boehner did, and that we should be happy with what we can get now, and wait for 2012 for more.
When the Washington Post writes it’s a great victory for the GOP, and a loss for Reid and Obama...
i’d go back and check the fine print.


128 posted on 08/01/2011 11:48:13 AM PDT by Elendur (It is incumbent on every generation to pay its own debts as it goes. - Thomas Jefferson)
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To: humblegunner

Here is an idea for you - start a forum, and appoint yourself “chief posting scrutinizer.”

You can ban everyone that links to a blog or posts anything you think does not belong. It will be loads of fun for you.


129 posted on 08/01/2011 11:48:29 AM PDT by Triple (Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery)
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To: Kevin in California

Why isn’t on the Fox News homepage?


130 posted on 08/01/2011 11:48:37 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: pabianice
The free birth control has nothing whatsoever to do with this bill. That is a separate issue that HHS announced this morning.

Medicare payments are not cut as a result of this bill. That only goes into effect if the committee cannot deliver other cuts by the end of the year. Dems are not going to let that happen.

131 posted on 08/01/2011 11:49:21 AM PDT by what's up
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To: Perdogg
Why isn’t on the Fox News homepage?

Because this post is bogus ...
132 posted on 08/01/2011 11:49:47 AM PDT by Scythian
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To: KarlInOhio; Kevin in California
Obama wants the Bush tax cuts to expire...and says he will veto any bill that trys to reinstate that....course he needs to get reelected....

They were talking about this last night....on Fox I believe....

133 posted on 08/01/2011 11:50:22 AM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: 101voodoo

No, but the supercongress can recommend tax hikes and this deal says Congress HAS to vote for them or AUTOMATICALLY get defense cut.

The GOP would be voted to be blackmailed.

The GOP is going lose if it does and doesn’t when that happens.

This bill is a set up.


134 posted on 08/01/2011 11:51:03 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: STARWISE
Don't you read what you post from other sites?

Plouffe is quoted as a source. You really believe Obama's campaign guy?

135 posted on 08/01/2011 11:51:54 AM PDT by what's up
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To: sanjuanbob

What happened to Boehner’s promise that a bill will be online for 72 hours before it is voted on for passage? Our rating is going to be downgraded anyway, so what the heck is the rush to pass this turkey without letting the people read it?


136 posted on 08/01/2011 11:52:01 AM PDT by MHGinTN (Some, believing they can't be deceived, it's nigh impossible to convince them when they're deceived.)
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To: Scythian

Why is this being treated as a real news story?


137 posted on 08/01/2011 11:52:02 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: Kevin in California

138 posted on 08/01/2011 11:52:15 AM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: Triple
Here is an idea for you -

I have an idea for you, too.. but I'd best not post it here.

You apparently think scrutiny is a bad thing. Nobody should mention things they see as wrong.

I see things differently.

So sorry.

139 posted on 08/01/2011 11:52:36 AM PDT by humblegunner (The kinder, gentler version...)
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To: what's up

If the deal is based on a baseline that assumes the expiration of the Bush cuts, then Mr. Boehner’s claimed deficit reduction is hugely exaggerated (and not for the first time) because a lot of the deficit reduction is provided by the expected increase in revenues due to the expiration of the Bush tax cuts. That is my understanding — if anyone has a different understanding, please post it, because right now this deal looks like a dog to me.


140 posted on 08/01/2011 11:53:10 AM PDT by Stingray51
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To: citizen

Yeh...I wanted to throw something at the tv this morning, when Pelousy was being interviewed on this this morning, saying, “well, she hadn’t read what was in the bill just yet, but yadda yadda yadda....she was sure it was a good thing for the country, economy, et al.”

Damn I hate these people.


141 posted on 08/01/2011 11:53:51 AM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: MHGinTN

I’m with you all the way.


142 posted on 08/01/2011 11:53:57 AM PDT by sanjuanbob (Festina Lente)
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To: Sacajaweau
The Bush tax cuts expire in 2012. Not extending them is NOT considered a tax increase/new tax.

That's how they can get away with saying this does not include a tax hike. But the reality is that taxes would go up a LOT, regardless of what the politicians call it.

If Boehner knew this when he said there were no new taxes then he was telling at best a half truth intended to mislead. I call that a lie.

It's even worse if Boehner simply did not know that is what would happen.

Either way, I have lost all confidence in Boehner.

143 posted on 08/01/2011 11:53:57 AM PDT by EternalHope (You can't make a deal with the Devil, or reach across the aisle to Obama.)
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To: humblegunner
It's unsourced hear-say.

Hear-say? You don't say.

144 posted on 08/01/2011 11:54:10 AM PDT by Mr.Unique (The last thing I want to do is hurt you. But it's still on the list.)
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To: GeronL
but the supercongress can recommend tax hikes and this deal says Congress HAS to vote for them or AUTOMATICALLY get defense cut

It's not a supercongress...it's a committee.

And the committee can also recommend tax cuts and Congress has to vote for them or get Medicare reformed.

Why aren't you stating that fact?

145 posted on 08/01/2011 11:54:10 AM PDT by what's up
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To: Ernest_at_the_Beach

No biggie. Everyone is overreacting here, IMHO. Obama has to get reelected before anything else happens. And right now it doesn’t look like Obama will get reelected due to stagnating economy.


146 posted on 08/01/2011 11:54:15 AM PDT by MinorityRepublican
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To: Tolerance Sucks Rocks

Never trust a bill sponsored by a DEM. NEVER.


147 posted on 08/01/2011 11:54:51 AM PDT by rintense (God made me a conservative. FR made me a better one. :))
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To: Thane_Banquo

Please.

We borrow 40 cents on every dollar we spend.

That can’t last forever, but the answer is not that automatically debt = taxes.

Money can be printed. It’s called “monetizing” the debt. Not a good option, but an option nonetheless.

The economy can unleash growth and tax revenues would roll in without a tax increase. A properly constructed tax cut such as in capital gains, etc, has been a proven automatic revenue increaser. Any increase in revenues does not have to be spent and would therefore be available to balance a budget and pay down debt.

Please.

Get a grip.


148 posted on 08/01/2011 11:55:04 AM PDT by txrangerette ("...HOLD TO THE TRUTH; SPEAK WITHOUT FEAR." - Glenn Beck)
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To: Kevin in California

Thanks for posting this. I also saw what you did.


149 posted on 08/01/2011 11:55:05 AM PDT by novemberslady
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To: Perdogg
Why is this being treated as a real news story?

Honestly? I think people just want to believe it's true. The Debt Ceiling story was always a non-starter, a big yawn, everyone knew they'd get some stupid deal together, the question is, what happened that that they were drowning out, that is the real story.
150 posted on 08/01/2011 11:55:13 AM PDT by Scythian
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