Posted on 12/17/2012 10:41:16 AM PST by Hojczyk
The end of the year is two weeks away and the so-called "fiscal cliff" still looms. At the turn of the New Year, $600 billion in automatic spending cuts and tax hikes are set to take effect if Democrats and Republicans in Congress cannot come together over a fiscal deficit reduction deal.
But there are signs that a stalemate may have been broken.
Republican House Speaker John Boehner said Sunday he is now willing to raise taxes on the wealthiest Americans, those individuals making more than a $1 million a year. Conservatives have been staunchly opposed to raising taxes on anyone next year, regardless of income bracket.
Boehner's overture is encouraging but it does not align exactly with the president's proposal to raise taxes above the $250,000 threshold.
"While there is still a lot of ground to cover here, this is a sign of progress," says The Daily Ticker's Aaron Task.
Boehner's counteroffer also includes a debt ceiling component tied to spending cuts. If President Obama agrees to $1 trillion in federal savings from programs like Medicare and Medicaid, Boehner will agree to extend the U.S. government's line of credit to at least 2014.
"My faith in my government is coming back a little bit," says Henry Blodget. "Finally at the 11th hour some reasonability on the part of the Republicans...what could be more sensible than raising taxes on people who make $1 million a year or more, perfectly reasonable."
(Excerpt) Read more at finance.yahoo.com ...
The proposal has already been rejected by the White hut.
How much? This includes all income I assume. This also includes Hollywood actors? What are the loopholes?
Boehner has been in cahoots with the democrats for a while. If he can’t twist the republican’s arms, he will get the democrats to vote for his proposal. And the democrats in return will vote for him for Speaker to counter the conservatives.
Both he and Obama’s objectve is to defeat conservatives.
There’s got to be some way to get rid of this RINO. What are the odds of throwing him out of the speaker’s job? Can we do it? Will those 16 votes help save us?
It is meaningless, O already said no.
Bohner is looking for some sympathetic coverage from the MSM.
Obama has them all go up automatically and Rs get the blame(rather happily) , what does he need a deal for?
I think the GOP should now say that Obama wants to tax the small business community that creates jobs plus middle class professionals in blue states. And make a big deal about this. Shows Obama is really not interested in taxing the rich but everyone. He wants to destroy small businesses and steal from the upper middle class.
Members of Congress are loathe to rise up in rebellion against a leader merely because he is lacking in backbone.
It takes something REALLY outrageous to overcome this inertia and relative incompetence, especially when the Republican caucus is suffering from Stockholm syndrome.
They have been held hostage by the Current Regime since 2009, and any legislation they produce is almost automatically subject to defeat or failure to be considered by the Democrat-controlled Senate, and a certain veto by the Current Occupant.
All rates go back to the Clinton era. Everybody goes up
Boner is a weak, POS who is only interested in pandering for his own political existence. And where are the REAL American Repubs? Where are the voices that we should be hearing loud and clear? Things would be different if we had a real patriotic, pro-Constitution Repub House...
The electorate portion that put Obama back in the Oval Office, will regret the day. Fools, morons and losers.
Charlie, DO NOT vote to retain John Boehner as Speaker of the House. He is a political coward with no desire to uphold constitutional or conservative values. If you vote for his retention, then you too are a coward. As such, being retired, I will work tirelessly to have you removed through the next primary election. Do the right thing -remove Boehner and replace him with someone that will work toward limited, responsible government.
wonder what Barky wants to do... over the cliff we go!!!!
“Boehner Caves on Taxing the Rich: Will Republicans Go Along?”
Republicans, yes, conservatives, no (I hope).
Obamao can count. He knows there ain’t enough dough from those rich folks to pay for his retributions. He needs to lower the level to $250,000 to fleece those “winners of life’s lottery” for some real spending money.
Funny how Boehner always gives in, and gets absolutely nothing in return but a kick in the face.
Yes Boner is not the one; however be very careful about things like this. It is a game that the Libs play a lot to destroy.
There is nothing reasonable about raising taxes. Nothing. The only thing is that when Republicans act like Democrats they lose elections. Why vote for a part time Democrat when you can elect another full time Democrat?
Or is it that neither party cares about fiscal responsibility? Just keep printing money, raising the debt limit, borrowing money, and do not worry about a budget. Just get the Republicans to cry "uncle," and continue the Democrat's path to certain economic collapse, and then blame it on the Republicans.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.