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
On taxes and the committee, it says this:
Under the framework, the Joint Committee of Congress will work off a current-law baseline, as required by the 1974 Budget Act, effectively making it impossible for Joint Committee to increase taxes.
And if ya hafta ask...
They are better off just passing a debt hike with the first round of cuts, and calling it a day. On to 2012 without creating this monstrosity of a super committee with all the fallback provisions. This is looking to be the turkey we all feared it would be.
Details do not matter. Any sucking of money for any sector, rich or otherwise, results in you paying more in taxes. Is that hard to understand since it has been explained time and time again.
Here is one: If you raise taxes on the super rich, you will have that tax passed along in higher service cost or products that this rich person provides. Therefore you are paying the tax. Get it.
Many more examples but just to lengthy to explain such as health care. Pure forced tax. And if you think your employer pays them for you, watch your pay check grow. Crickets!!!!!!
Tell Me Lies, tell me sweet little lies
~Tell Me Lies, Tell me tell me lies~
Oh no no, you can’t disguise
~You can’t disguise, no you can’t disguise~
Tell me lies, tell me sweet little lies
there is no time to read it. We are in a crisis!!!
If this passes, we are apparently screwed.
Add in the AMT Fix to The Bush Tax Cuts expiring!
Yeah sure.....and how many times have you heard one thing..and something else happens.
They are monkeying around with the Baseline to make their claims.
Speaker Boehner, you are a poltroon.
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.
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.
Where is the source? There is nothing on the Fox news page.
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.
I won't hold it against him.
They don’t read the bills when there isnt a crisis.
That’s about the only thing I can think of at this point.
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.
This is why we can’t have nice things! This is why we can’t have a puppy!