He’s now faced with the prospect of raising taxes in an election year - by his own pen. That is a big loser for him and I doubt he’ll do it. He didn’t last time, earning him ongoing derision from the left.
The only part of what you said that is correct is the last sentence. You see, the Bush tax cuts automatically expire at 12:00 AM on 1/1/2013. No one in Congress or Obama has to lift a finger to kill it except Father Time, and we automatically get a big tax increase. That will accelerate our plunge into depression, as the economy is already weakening before the knowledge of this increase became general knowledge. Note that the CBO scoring of this bill include the baseline assumptions of whatever the law currently is for out years...meaning that for calendar year 2013 and beyond, the CBO scoring already included the expiration of these cuts. That is the ONLY way that they could arrive at the figures they did. Further, the "Super Congress" set up by this bill will never approve tax cuts, so there is no negotiating this later. This is baked into the cake.
Any Republican voting for this is voting for a huge tax increase in the middle of a severe recession/depression. Plays right into the Cloward/Piven strategy. Yup, we through Br'r Obama right into the briar patch.
He’s now faced with the prospect of raising taxes in an election year - by his own pen. That is a big loser for him and I doubt he’ll do it. He didn’t last time, earning him ongoing derision from the left.
The only part of what you said that is correct is the last sentence. You see, the Bush tax cuts automatically expire at 12:00 AM on 1/1/2013. No one in Congress or Obama has to lift a finger to kill it except Father Time, and we automatically get a big tax increase. That will accelerate our plunge into depression, as the economy is already weakening before the knowledge of this increase became general knowledge. Note that the CBO scoring of this bill include the baseline assumptions of whatever the law currently is for out years...meaning that for calendar year 2013 and beyond, the CBO scoring already included the expiration of these cuts. That is the ONLY way that they could arrive at the figures they did. Further, the "Super Congress" set up by this bill will never approve tax cuts, so there is no negotiating this later. This is baked into the cake.
Any Republican voting for this is voting for a huge tax increase in the middle of a severe recession/depression. Plays right into the Cloward/Piven strategy. Yup, we through Br'r Obama right into the briar patch.
Except they were set to automatically expire on 12/31/2010 but they didn't. All the same pressures to extend them will still be in place next year. Plus, it's an election year.