Posted on 07/08/2012 10:46:10 PM PDT by Innovative
President Barack Obama will call on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year, according to a White House official, seeking to spare the economy the impact of taxes going up on January 1.
Obama, a Democrat, will make the request in a statement at the White House, said the official, who spoke on condition of anonymity. Republicans in Congress, however, are unlikely to be swayed, as they have consistently argued that the Bush tax cuts should be extended for everyone.
(Excerpt) Read more at reuters.com ...
If they bury themselves an further up his kazoo his eyes will pop out and the grin he sports will be that of Chris Mathews.’
Adviser: Obama 100% Committed to Ending Bush Tax Cuts
fox8.com/CNN ^ | July 8, 2012
This was just yesterday. Followed by Blabbermouth Shultz giving her version of the private sector is doing just fine.
Seem to me the spin they are creating is not on their message but instead is people’s heads.
The war on the “rich” continues, and it is effectively a war on employers and investors.
Doing it this way, leaving a majority of small business, and all of large business out of the loop, employment wouldn’t be helped at all. Business is still left with uncertainty.
Consumption wouldn’t be stimulated, because those who are allowed to keep what they earn would be foolish to spend it, since it’s only for one year.
Targeted and temporary is not what the economy needs. It is screaming for systemic and permanent measures.
1) It’s a draw if all tax cuts are held.
2) Obama wins hands-down if he gets his $250k limit.
3) The Republicans win if $250k and no Obamacare taxes.
4) The Republicans win hands-down if all cuts are held and no Obamacare.
5) The Republicans win if no tax cuts get extended*
(*since then the entire country will find out, once and for all, that the so-called “Bush tax cuts for the rich” were mostly for the middle and lower classes - and they will know this before the election, as panic sets in)
And the winner is-———— (1) or (2), so don’t get your hopes up - and knowing the Republicans, we’ll be lucky to ged even (1). They are pathetic.
Here, you dropped this.
/s
Probably more often, but those are the years we know about.
under 250k? but i thought the bush tax cuts were for the rich...
I like how BUSH TAX CUTS are bad and Bush-era tax cuts are good?
Zero may finally have realized that unless the capital gains & dividend tax rates are extended soon, there’ll be a market sell-off beginning well before the election.
Put another way, he can’t possibly win if the S&P goes down between now and election day. If the market thinks the tax cuts will expire, the S&P must start falling before year-end to discount the new rates.
If he wasn’t so tardy he’d announce a “pro stimulus investment tax cut” in September to goose up the markets.
The lack of decision on the Bush tax cuts is already hurting the economy. Uncertainty is lethal in the business world. Larry Kudlow has been making this point daily for months.
Obama needs to pick a fight with the GOP over tax cuts to divert attention away from jobs. I hope the GOP lays low and doesn’t take the bait. Just leave him out there swinging at dead air.
The Liberals keep telling us the Bush tax cuts were only for the rich. Now the Bush Tax cuts include the middle class?
Ha! Now he can BLAME BUSH for the tax cut too.
Well he is not THAT worried about getting reelected since he keeps inisting on a $250K cap.
This fall (2012 - an election year) we get a temporary tax cut (Bush's) and a permanent tax increase (ObamaCare). In the fall of 2013 (next years after the election) we will get another permanent tax increase (Bush tax cuts go away).
Any other questions as to why the economy refuses to grow? And with out economic growth unemployment will either stay where its at or go up.
Lying,cheating,manipulating,calculating,American-hating,commie,usurper a-hole! mmm..mmm..mmm.
It’s more than pretending to help poor people. By extending the tax cuts at the lower but not at the higher end, the tax system becomes more progressive. The ideal situation for Democraps is to have 51% or more of the voting population not paying any taxes and happily re-electing Democraps, while the other 49% foot the entire bill. They can advance this goal not just by raising taxes on the upper earners, but also by cutting taxes on the lower earners without corresponding cuts for the upper earners. They know that it is almost impossible to reverse changes that make the system more progressive. Can you imagine the negative press a tax cut that only applied to the top earners would receive?
“The first question any reporter asking the President any question about his “fair share” tax strategy is whether or not his family has been paying their own “fair share” of taxes since he’s been president.”
You’re right, of course. Except noone ever gets to ask this guy a real question!! That is one of the many things I despise about MalX Jr and his MSM marketing department!
From the Huffington post article:
Gibbs said, “We’re going to have to make some tough choices in this country. We can’t continue to spend the kind of money that was spent in the last decade.”.
How do they get away with insulting people like this?
What? I thought the Bush tax cuts were for the rich only and caused the recession. Why would Obama want to extend any of them? /sarc
Goin' full Carter with the Rose Garden Strategy, I see...
"The White House hopes to squeeze maximum political mileage out of the Rose Garden event, surrounding Mr. Obama with families and workers who would benefit from the extension."
Bobo, you and your people -- Axelrot, Massagina, and that crazy Amish girl -- explicitly wrote off white people for this election...don't bother to turn out the lights when you pack up and leave in January...
November 27, 2011, 11:34 pm 509 CommentsThe Future of the Obama Coalition
By THOMAS B. EDSALL
For decades, Democrats have suffered continuous and increasingly severe losses among white voters. But preparations by Democratic operatives for the 2012 election make it clear for the first time that the party will explicitly abandon the white working class.
All pretense of trying to win a majority of the white working class has been effectively jettisoned in favor of cementing a center-left coalition made up, on the one hand, of voters who have gotten ahead on the basis of educational attainment — professors, artists, designers, editors, human resources managers, lawyers, librarians, social workers, teachers and therapists — and a second, substantial constituency of lower-income voters who are disproportionately African-American and Hispanic."
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