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]
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!
It’s long past time and quite frankly, I think it’s too late to do any good.
Did anyone expect anything different?
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.
This deal does not guarantee it.
The 2nd half of the deal is to be decided in committee and then Congress votes on it.
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
No.
The deal also locks into place the Obamacare tax hikes.
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.
ATM Fix goes away also.
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
Amazing how many hysterical and uninformed people there are here
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
“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?
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.”
No it does not.
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!
But the debt deal will leave in place tax hikes and ensure the reasons for more.
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!
LOL
So it explicitly states they make these recommendations and disband permanently? If so, that’s good.
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!
Where does the bill repeal Obamacare? I must’ve missed that part.
Did we expect anything else?
“Guess ya gotta pass it before you can see what’s in it.
Not this sh!t again! “
Exactly like a stool sample!
That may be true, but this headline is a lie.
That tells me a lot about your judgment.
Can’t listen to it, heart broken betrayal.
Lara Ingram and all the other sell-outs, ug.
No it would be part of any appropiations package.
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
zerohedge zerohedge
BOEHNER NEWS CONFERENCE POSTPONED UNTIL 3:30 P.M. Not enough votes again
2 minutes ago
Looks like it relies on the Congress to choose spending cuts or it forces this...
Not repealing it is far from “locking it in” as you put it.
Thanks
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.
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.
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!”
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