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Reid Blames Tea Party Extremism for Looming 'Taxmaggedon'
Yahoo News ^ | May 22,2012 | Sunlun Miller

Posted on 05/22/2012 4:45:23 PM PDT by QT3.14

Another line in the sand has been drawn as Congress faces a daunting lame-duck year-end fiscal crisis dubbed around Capitol Hill as "Taxmaggedon."

Senate Majority Leader Harry Reid, D-Nev., responded to a letter from Senate Republicans today in which they called for an immediate extension of the Bush tax cuts, with a message of his own: that's impossible before the election.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events; US: Nevada
KEYWORDS: alinskytactics; budget; congress; corruption; democratcorruption; democrats; harryreid; liberalfascism; nevada; reid; taxes; taxmaggedon; teaparty
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To: ScreamingFist

Again, how is he wrong? Paul’s out of the race, why bring that straw man up?

The Senate hasn’t passed a budget in years, but the Republicans remain silent. Dumbo and the Dems do ANYTHING, and still the GOP is quiet.

Contempt charges for Holder, all quiet; non-recess appointments, all quiet...

Hell, even re: this post, the Dems want to raise taxes in an election year and the GOP?? *crickets*

Exactly, what are you supporting?? I’d say you’re the one who’s acting myopically here. Since ‘10, the “It’s OUR guys” just doesn’t fly anymore


21 posted on 05/23/2012 8:07:00 AM PDT by i_robot73
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To: QT3.14

By allowing the 2003 Bush tax cuts to retire, taxes will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.

Raising the 10% bracket to 15% represents what percentage of increase? (Hint: The correct answer is NOT 5%)To those moving from the 10% bracket to 15%, their taxes will be increased by 50%!!

Raising the 20% bracket to 25% represents what percentage of increase? (Hint: The correct answer, again, is NOT 5%)it’s s a full-blown 25% increase in taxes

Finally, raising the 35% bracket to 39% represents what percentage of increase: it’s roughly an 11% increase in taxes.


22 posted on 05/23/2012 10:27:20 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni

That’s the way they intend to raise taxes on the middle class while claiming it’s only a tax increase on the “rich”. They know there isn’t enough money in the top 1% to make any meaningful dent in the annual deficit. The big money is in the groups which pay federal tax, but don’t hit the top bracket. Tax increases of that magnitude would remove any incentive the government may have to cut spending. They’d spend every nickel of the new tax revenue on more big government madness.


23 posted on 05/23/2012 1:08:17 PM PDT by littleharbour
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To: stephenjohnbanker

Ditto that. Reid is such a smarmy sleaze. He drips with lies.


24 posted on 05/23/2012 2:50:48 PM PDT by Monkey Face (Stamp out circumlocutory sesquepedalianisms!)
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To: i_robot73
Again, how is he wrong? Paul’s out of the race, why bring that straw man up? The Senate hasn’t passed a budget in years, but the Republicans remain silent. Dumbo and the Dems do ANYTHING, and still the GOP is quiet. Contempt charges for Holder, all quiet; non-recess appointments, all quiet... Hell, even re: this post, the Dems want to raise taxes in an election year and the GOP?? *crickets* Exactly, what are you supporting?? I’d say you’re the one who’s acting myopically here. Since ‘10, the “It’s OUR guys” just doesn’t fly anymore

Glad to see you switched to your real handle. I'm ABO....ANYONE BUT OBAMA. Any questions?

25 posted on 05/23/2012 6:06:51 PM PDT by ScreamingFist (Quiet the Idiot)
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