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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: Red_Devil 232

will the free press rescue us after all?

has CNN or MSNBC reacted?

This must be why the market tanked this morning. The pencil pushers had figured it out.


51 posted on 08/01/2011 11:23:25 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: tobyhill

Seems that the FICA relief for this year will expire, which is tantamount to a tax increase. Also, there is the “mess” of the Super Congress (Constitutional?)being in a position to call for tax increases as a result of shortfalls in “revenue.”

It seems to be written as a trap.


52 posted on 08/01/2011 11:23:36 AM PDT by jennings2004 (Sarah Palin: "The bright light at the end of a very dark tunnel!")
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To: Tolerance Sucks Rocks

Where is the source? There is nothing on the Fox news page.


53 posted on 08/01/2011 11:23:57 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: Peter from Rutland

I wonder if they are talking about the fact that this deal guarantees the Bush tax cuts won’t be extended in 2013. That is a huge tax increase.


54 posted on 08/01/2011 11:24:13 AM PDT by DManA
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To: RummyChick
I predicted yesterday West would vote for it.

I won't hold it against him.

55 posted on 08/01/2011 11:24:35 AM PDT by newzjunkey (Next: coalescing behind ONE "Balanced Budget Amendment" (BBA))
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To: paul51

They don’t read the bills when there isnt a crisis.


56 posted on 08/01/2011 11:25:01 AM PDT by RummyChick (It's a Satan Sandwich - perfect for Obama 666)
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To: DManA

That’s about the only thing I can think of at this point.


57 posted on 08/01/2011 11:25:15 AM PDT by Peter from Rutland
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To: pabianice

Here’s a question I have from the discussions today. Does this supercommittee meet though this November and make their recommendations, and then go away, or is it some sort of permanent structure heading into 2012 and beyond? If it is the later, screw that.


58 posted on 08/01/2011 11:25:21 AM PDT by ilgipper (political rhetoric is no substitute for competence (Thomas Sowell))
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To: jennings2004
Any taxes recommended by the super commission must be voted on by the Congress.
59 posted on 08/01/2011 11:26:27 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: Kevin in California

This is why we can’t have nice things! This is why we can’t have a puppy!


60 posted on 08/01/2011 11:26:28 AM PDT by Crawdad
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To: TSgt

It’s long past time and quite frankly, I think it’s too late to do any good.


61 posted on 08/01/2011 11:27:04 AM PDT by Gator113 (Palin 2012, period.....)
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To: Kevin in California
Of course it does:
- expiring Bush Era Tax Cuts
- massive deathcare taxes
- more taxes from "super congress"

Did anyone expect anything different?

62 posted on 08/01/2011 11:27:11 AM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: Kevin in California

Forgive me oh great greek god who issues pronouncements from on high, but no taxes occur unless passed by House, Senate and signed by Prez.

So, like Republicans are going to pass a big tax hike right before the 2012 elections, uh huh.

All of this is tortured thought. Bret B can show no such thing...that the deal includes big tax hikes. He will twist himself into a pretzel broken into a zillion pieces trying to show it, if what you posted is true, but he cannot do it.

I oppose the “deal”; it’s silly on its face that we went through all this angst for virtually nothing that addresses the issues we face.

It stands or falls on the truth of it, though, not the imagined stuff.


63 posted on 08/01/2011 11:27:13 AM PDT by txrangerette ("...HOLD TO THE TRUTH; SPEAK WITHOUT FEAR." - Glenn Beck)
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To: DManA
this deal guarantees the Bush tax cuts won’t be extended in 2013

This deal does not guarantee it.

The 2nd half of the deal is to be decided in committee and then Congress votes on it.

64 posted on 08/01/2011 11:27:19 AM PDT by what's up
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To: mewzilla
Guidance for Anti-Dealers
65 posted on 08/01/2011 11:27:53 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: RummyChick

http://twitter.com/#!/SatanSandwich

SatanSandwich Sugar Coated
Apparently Krugman wants the House Dems to vote me down. nyti.ms/mUqmZw Please. How about a Beezlebub Croissant, hippie?
28 minutes ago


66 posted on 08/01/2011 11:28:07 AM PDT by RummyChick (It's a Satan Sandwich - perfect for Obama 666)
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To: ilgipper
or is it some sort of permanent structure

No.

67 posted on 08/01/2011 11:28:41 AM PDT by what's up
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To: what's up

The deal also locks into place the Obamacare tax hikes.


68 posted on 08/01/2011 11:28:47 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: RummyChick
Uh, Congressman West...

All my best to you, GOP Freshmen, from up here in the Last Frontier.

Sincerely,

Sarah Palin

P.S. Everyone I talk to still believes in contested primaries.

69 posted on 08/01/2011 11:29:25 AM PDT by LaybackLenny (Palin-________ Overdrive 2012 - Holy Flippin' Crap!!)
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To: Kevin in California
<2> BS! Fox is NOT reporting this. Stop posting this garbage. They DID NOT say this is why Speaker was late!
70 posted on 08/01/2011 11:29:33 AM PDT by MindBender26 (Forget AMEX. Remember your Glock 27: Never Leave Home Without It!)
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To: zzeeman

ATM Fix goes away also.


71 posted on 08/01/2011 11:29:47 AM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: longtermmemmory
This must be why the market tanked this morning

The market tank this morning because the manufactures index is the weakest it has been in 2 years. That would seem to indicates our no recovery summer is about to become an extended recession

72 posted on 08/01/2011 11:30:00 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: Kevin in California

BS! Fox is NOT reporting this. Stop posting this garbage. They DID NOT say this is why Speaker was late!


73 posted on 08/01/2011 11:30:22 AM PDT by MindBender26 (Forget AMEX. Remember your Glock 27: Never Leave Home Without It!)
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To: txrangerette

Amazing how many hysterical and uninformed people there are here


74 posted on 08/01/2011 11:30:38 AM PDT by 101voodoo
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To: Kevin in California; trisham; RedMDer; TheOldLady; onyx; Lady Jag; musicman; penelopesire; ...

August 01, 2011
WH Says Deal Includes Tax Hikes

###
White House senior adviser David Plouffe said on Monday that he believes the newly minted deal to raise the U.S. debt ceiling will pass both houses of Congress and be signed into law by President Barack Obama.

Plouffe also appeared to clash with House of Representatives Speaker John Boehner, who said on Sunday that the deal included no tax hikes.

“That’s just not true,” he told NBC’s Today show. “If we’re going to do additional deficit-reduction in the fall, it should be tax reform, closing loopholes for the wealthy and big corporations.” Read more at Reuters.com.- http://www.reuters.com/article/2011/08/01/us-usa-debt-plouffe-idUSTRE77025620110801

There will be tax increases. The Deficit Commission will have at least one weak kneed Republican and the commission will only be as strong as its weakest link. The Bush tax cuts will also absolutely expire and not be renewed.

The alternative for the GOP would be seeing massive defense cuts and being blamed for senior citizens seeing their Medicare cut. “But,” House Republican leaders exclaim, “the cuts would not be to beneficiaries.”

True, the cuts would be punishing doctors who will respond by denying access to Medicare patients.

The Democrats are happy to force through taxes in the committee and then, when the GOP opposes them, claim the GOP would rather hurt our soldiers and seniors than raise taxes on “fat cat millionaires.” Read more at RedState.com.-
http://www.redstate.com/erick/2011/08/01/not-playing-the-fool/

http://nation.foxnews.com/debt-crisis/2011/08/01/wh-says-deal-includes-tax-hike


75 posted on 08/01/2011 11:30:38 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: Perdogg

“Any taxes recommended by the super commission must be voted on by the Congress.”

How? Packaged into one take it or leave it bill? Voice vote?


76 posted on 08/01/2011 11:30:46 AM PDT by lodi90
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To: DManA

even if they ARE extended the “bi partisan” (read obama victory team) will say the extension is a cut that must be paid.

IOW DC is back to “it DC’s money they allow us to have.”


77 posted on 08/01/2011 11:30:46 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: mewzilla

No it does not.


78 posted on 08/01/2011 11:31:00 AM PDT by what's up
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To: humblegunner

This is the umteenth time you have posted something that was only a complaint that someone else posted something, well within the guidelines, that you didn’t like.

Annoying!


79 posted on 08/01/2011 11:31:11 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: MindBender26

But the debt deal will leave in place tax hikes and ensure the reasons for more.


80 posted on 08/01/2011 11:31:17 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: humblegunner

This is the umteenth time you have posted something that was only a complaint that someone else posted something, well within the guidelines, that you didn’t like.

Annoying!


81 posted on 08/01/2011 11:31:29 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: 101voodoo

LOL


82 posted on 08/01/2011 11:31:29 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: what's up

So it explicitly states they make these recommendations and disband permanently? If so, that’s good.


83 posted on 08/01/2011 11:31:29 AM PDT by ilgipper (political rhetoric is no substitute for competence (Thomas Sowell))
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To: Kevin in California

Quelle surprise!
Obamacare coming up and expiration of Bush tax cuts. This deal does nothing about them.

But we get spending cuts that are actually spending increases! Yay!


84 posted on 08/01/2011 11:31:50 AM PDT by Mr. Peabody
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To: what's up

Where does the bill repeal Obamacare? I must’ve missed that part.


85 posted on 08/01/2011 11:32:15 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Kevin in California

Did we expect anything else?


86 posted on 08/01/2011 11:32:23 AM PDT by Republic of Texas (Socialism Always Fails)
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To: EGPWS

“Guess ya gotta pass it before you can see what’s in it.
Not this sh!t again! “

Exactly like a stool sample!


87 posted on 08/01/2011 11:32:36 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: ilgipper
after the super committee makes it's recommendations and the congress is unable to pass them there will be a crisis and the super committee will recommend to appoint a really, really super duper committee that has a lock box.
88 posted on 08/01/2011 11:32:47 AM PDT by paul51 (11 September 2001 - Never forget)
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To: mewzilla

That may be true, but this headline is a lie.


89 posted on 08/01/2011 11:33:23 AM PDT by MindBender26 (Forget AMEX. Remember your Glock 27: Never Leave Home Without It!)
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To: STARWISE
You are now quoting David Plouffe as a credible source?

That tells me a lot about your judgment.

90 posted on 08/01/2011 11:33:23 AM PDT by what's up
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To: apillar

Can’t listen to it, heart broken betrayal.

Lara Ingram and all the other sell-outs, ug.


91 posted on 08/01/2011 11:33:35 AM PDT by dila813
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To: lodi90

No it would be part of any appropiations package.


92 posted on 08/01/2011 11:33:54 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: Kevin in California; longtermmemmory; All

ALL:

RUSH IS DISCUSSING THIS NOW!

Apparently, the expiration of the Bush tax cuts is apparently considered as a loss to the govt .. thus ....

http://v4.player.abacast.com/player/player.php?pid=1187


93 posted on 08/01/2011 11:33:54 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: Dr. Bogus Pachysandra

zerohedge zerohedge
BOEHNER NEWS CONFERENCE POSTPONED UNTIL 3:30 P.M. Not enough votes again
2 minutes ago


94 posted on 08/01/2011 11:33:54 AM PDT by RummyChick (It's a Satan Sandwich - perfect for Obama 666)
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To: mewzilla

Looks like it relies on the Congress to choose spending cuts or it forces this...


95 posted on 08/01/2011 11:34:42 AM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: mewzilla

Not repealing it is far from “locking it in” as you put it.


96 posted on 08/01/2011 11:35:01 AM PDT by what's up
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To: RummyChick

Thanks


97 posted on 08/01/2011 11:35:01 AM PDT by novemberslady
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To: zzeeman; Kevin in California

Of course it doesn’t:

Bush tax cuts are scheduled by law to expire. Irrespective of a deal.

Obamacare taxes are scheduled in law. Irrespective of a deal.

Super Committee of Congress can propose something, but unless it passes House and Senate and is signed into law, it doesn’t happen.

“Big tax hikes” are not “part of the deal”.

I proved it.


98 posted on 08/01/2011 11:35:07 AM PDT by txrangerette ("...HOLD TO THE TRUTH; SPEAK WITHOUT FEAR." - Glenn Beck)
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To: STARWISE

Dems NEVER cut government agencies like the EPA etc. They cut where it will hurt the people directly so they’ll quit yelling about taxes. Then they expand government, like the EPA.


99 posted on 08/01/2011 11:35:13 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: MindBender26

Sorry MindBender but Shannon Bream did indeed say such.
When she broke the news that there was some kind of tax hike that was discovered in the bill, she said something in the context of;

“This may explain the reason the speaker is :20 late to the podium!”


100 posted on 08/01/2011 11:35:18 AM PDT by Kevin in California
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