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The Tax Tango
National Review ^ | November 15, 2012

Posted on 11/16/2012 8:47:08 AM PST by SoFloFreeper

John Boehner isn’t selling out conservatives on taxes. All he has done is reiterate that Republicans are open to a tax-reform deal that generates extra revenues, so long as the entitlements that are driving our long-term debt explosion are also addressed. He has also said that this reform should not raise marginal tax rates, and should indeed lower them. A deal along those lines might be worth supporting, depending on the details.

The White House is, however, insisting that the top tax rates have to go up as scheduled under the law — and that even more taxes should be placed on high earners. Unless the administration is prepared to give an awful lot on entitlements — holding Social Security benefit increases to inflation, and implementing premium support in Medicare — Republicans would be crazy to take that deal.

Republicans who are inclined to give more ground to Obama make two arguments. They fear that failing to reach a deal, and thus letting taxes rise across the board, will throw the economy into recession. Maybe so. But the most economically damaging tax increases that are scheduled are the ones on high earners, and they’re the very ones that Obama wants to make worse. That’s not an argument for acquiescing to his demands.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
No doubt about it: the voters kept the federal government divided, and did NOT heartily endorse Obama's plan for higher taxes and slower economic growth.

While it is fashionable to bash Boehner here, can I suggest we PRAY for him to have strength during these times? Strength and wisdom.

I don't know if he is a man of faith, and I am increasingly convinced Obamugabe only worships himself, BUT the Bible shows us how Yahweh can use even the heathen to accomplish good things for followers of God.

1 posted on 11/16/2012 8:47:10 AM PST by SoFloFreeper
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To: SoFloFreeper
"...Republicans are open to a tax-reform deal that generates extra revenues, so long as the entitlements that are driving our long-term debt explosion are also addressed..."

I am no fan of Boner, it is true, but this is like Lucy pulling the football.

What we will get are increases in taxes with promises by liberals to address the entitlements. Which will never happen, they will continue to increase.

But I will pray for him.

2 posted on 11/16/2012 8:54:34 AM PST by rlmorel (1793 French Jacobins and 2012 American kLiberals have a lot in common.)
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To: SoFloFreeper

I don’t oppose compromise. I have to qualify that, because compromise has typically meant giving the Democrats 90% of what they want. I have no confidence in Representative Boehner, but if he has to give the Democrats some tax increases on the “wealthy” in order to make significant cuts in entitlements, then I’m for it. However, we have to get as good if not better than what we give.

Do I think it’s foolish to raise taxes in a recession (or near recession)? Sure, but the status quo isn’t working. We are going to have to give up something to get something. Things would be different if we controlled the senate and presidency, but we don’t.

3 posted on 11/16/2012 9:07:39 AM PST by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
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To: SoFloFreeper

It’s the same as “immigration reform”.
All that half of the country asks from the Amnesty `Diamond Jim’ Democrats, in return for cooperation, is that *the problems be addressed*: Make some real attempts to control spending and close the damned border!
This is reasonable. They know this. But they aren’t willing to do either.
Until they are, we should continue to tell them to go pound sand.

4 posted on 11/16/2012 9:13:19 AM PST by tumblindice (America's founding fathers: All armed conservatives.)
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To: SoFloFreeper

lemme see if i understand the terminology...

spending increases are in a single year.
tax increases are in a single years.
spending CUTS are spread over a ten year period
tax CUTS are spread over a ten year period.

is that right?

5 posted on 11/16/2012 9:17:16 AM PST by camle (keep an open mind and someone will fill it full of something for you)
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To: camle

In the 1990s, Newt Gingrich shut down the government, and then the RINOs began the wailing and gnashing of teeth because they suffered a net loss of 2 House Seats in the 1996 Election. Remember during the 2012 GOP Primary when Bob Dole, endorsed Romney and blamed Gingrich for his own defeat in 1996?

Flash forward to 2011, when John Boehner and the wimps refused to shut down the government and let every Democrat know that no matter what, they would not shut down the govt. The result, John Boehner’s GOP has lost a net of 9 Seats in the 2012 Election. Why do the RINOs get away with the false narratives and re-writing history?

6 posted on 11/16/2012 9:30:45 AM PST by Windy City Conservative
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