Skip to comments.FOX NEWS: Tax Hikes 'Impossible' Under Debt Deal? Think Again ( Debt deal is indeed a BIG TAX HIKE!)
Posted on 08/01/2011 11:06:13 AM PDT by Kevin in CaliforniaEdited on 08/01/2011 12:52:01 PM PDT by Admin Moderator. [history]
click here to read article
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.
I’m with you all the way.
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.
Hear-say? You don't say.
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?
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.
Never trust a bill sponsored by a DEM. NEVER.
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.
Get a grip.
Thanks for posting this. I also saw what you did.
want to be no tea party member will be put on the “commission”?
I hate the commission because it is not elected by the voters. The voters have a commission it is called congress.
That’s not true. If they don’t agree to the comission then there will be across the board cuts, including in medicare and defense.
It's based on what it's in law now. It doesn't mean Hussein will not extend the tax cuts as he was under pressure to do last time.
The reason this misleading angle is being reported is that the WH is stretching the truth to try to arm-twist Dem House members to vote for the bill
It looks like Vaseline futures will shoot through the roof ...
Is a satan sandwich like deviled ham? Because I like that.
which INCREASES SPENDING 8% EVERY YEAR by law
They were going to go up, by law, already.
They were not a part of any deal.
We all knew this. You say Boehner knew it?? You’re blaming Boehner for not speaking about it in context of the deal?? We all knew it. Completely separate and apart from the debt ceiling issue.
Deviled ham with Tabasco sauce and onions.
Thanks for the ping!!
The committee is not going to recommend tax cuts. The GOP caved big time.