There’s No Revolt, No Coup,’ Say House Republicans (GOP unites to raise taxes)

National Review ^

[Windy City Conservative]

“It’s important that we protect as many American taxpayers as we can,” Boehner told reporters. “Our Plan B would protect American taxpayers who make $1 million or less.” For Americans making more than $1 million, the tax rate on their income over that amount would rise from 35 percent, the current rate, to 39.6 percent.

Boehner hopes to bring his “Plan B” legislation to the floor later this week, and plans to update members on the schedule Tuesday night. In the meantime, he said, Republicans should argue that they’re working hard to protect current tax rates.

The Tuesday meeting began at 10 a.m., and the mood was quiet and somber, sources say. Boehner wasn’t cheered or warmly embraced, but he was given respect and time to explain his strategy. “He was his usual self,” says a House staffer familiar with the session. “He wasn’t emotional; it was an update.”

[tennmountainman]

I agree. However, conservatives, if there are any left, should not allow
Bonehead to push them around. Committee assignments or no committee
assignments, conservatives must stand their ground. If they allow Bonehead and Cantor to push them around, shame on them, and they must be removed as well.

[tennmountainman]

Don’t worry, our votes will be replaced by illegals, soon to legal, with the
coming amnesty.

[Yashcheritsiy]

Repeal and replace the Reepublican Party!

[tennmountainman]

Don’t worry, our votes will be replaced by illegals, soon to be legal, with the
coming amnesty. Oh yes, it’s coming.

[Windy City Conservative]

Unfortunately, it looks likes there are going to be around 200 members to primary.

[houeto]

If you want to save America, then don't raise the debt ceiling.

Bingo. That's the only thing I am watching for now.

[Georgia Girl 2]

“Republicans should argue that they’re working hard “

Yeh, working hard to help Obama destroy our country.

[mrsmith]

Well, Boehner negotiates a bill to be passed by Dems and RINOs that conservatives vote against.
Everyone wins with their constituencies!

If they do that again though, conservative voters are going to be dispirited in 2014 and the Republican Party will lose a lot of House seats. Plus there’ll be costly primaries.

I’ll be surprised if there’s a deal such as has been described.

[Truth is a Weapon]

What is it about the conundrum that Bush and subsequent Congresses have left the House GOP in that escapes freepers? On January 1 everyone’s taxes goes up because the Bush cuts were temporary and they expire. We automatically go back to the Clinton increases. It requires no vote by either House in Congress. As far as I am concerned everyone’s damn taxes can go up on Jan 1.

But, people may not realize how much middle class taxes will go up. Reports are average family of four an increase of around $2,000.

Boehner is proposing something he can get the majority of his delegation to go for. That is keeping the rates and law the same unless one’s income is over $1 million. Most likely this law will be rejected by the Dems in the Senate or vetoed by 0bama if it passes.

If the Dems reject it, then the big middle class tax increase can be blamed on the Dems. The GOP can say that the Dems were so intent on taxing people earning more than $250,000 that they were at peace with taxing you poor middle class people too.

But it is unfair to call this voting for a tax increase. The tax rate will be 39.6% on people making more than $250,000 in 2013 if no one does anything. Also, everyone who pays tax will pay more in 2013 if Congress does nothing. So Boehner is proposing a tax cut.

It takes both houses of Congress and the President to stop any portion of the tax increases that comes as a matter of current law on 1 Jan 2013.

In some ways, I do hope everyone’s taxes goes up. Serves them right for re-electing a Dem Senate and a Dem President. Elections have consequences.

[Eagle Forgotten]

I have a feeling those who earn more than a million dollars would prefer the “Plan B” bill to NOT passing anything.

As a final outcome, you're right. But this is a negotiation and it has elements of a game of chicken.

When you and the other driver are speeding toward each other, yes, you'd prefer swerving to crashing. But if you always swerve first then the other driver will never swerve and you will always lose.

This is not how the leaders of a great country should set its fiscal policy. But it's what we're stuck with.

[sergeantdave]

It’s time to physically throw boner out of the republican party and warn him that if he butts in he will be tarred and feathered. This SOB is a gutless worm and represents neither freedom nor individual rights of patriots.

[SuperLuminal]

"So, the TEA Party class of 2010 has been neutered? "

Yep! Just like the class of 94 was neutered...

bonerhead == newt the pillsburydoughboy...

[okie01]

The fault is those who in 2001 passed a tax bill which expired in 2011, and those in 2010 who passed a tax bill which expires in 2013.

Had the administration sought to make the tax cuts permanent in 2001, there would have been NO "Bush tax cuts".

By the rules of the Senate, a "permanent" tax cut is subject to filibuster -- a "temporary" (10 yrs. max.) tax cutcan be passed via reconciliation and is filibuster-proof.

At the time, the Senate was split 50-50, with VP Dick Cheney holding the deciding vote. No way a permanent tax cut gets passed under those circumstances.

If you want to blame somebody for the "temporary" status of the Bush tax cuts, blame Tom Daschle and the Democrats.

[CharlesWayneCT]

It is not so much “blame” as explain. You offer the reason why we had to pass a “tax cut” that included the clinton tax rates in 2011, and a later bill to set them to 2013.

But we are supposed to throw out the republican congress now because they are looking to make tax cuts permanent, but can’t include millionaires because of the Senate.

I’m saying that if you are going to blame people for not doing the impossible, blame the 2001 folks.

[xzins]

There is only one real issue and that is spending.

The economy produces about 14 trillion a year.

The government spends about 3.8 trillion a year.

They borrow about 1.4 trillion (10% of GDP), so they only bring in about 2.4 trillion a year. IOW, we’re borrowing a bit more than a third of what we spend each year.

Our already accumulated debt is about 15 trillion or slightly more than the GDP.

Let’s say you knew a guy whose business grossed 140,000 a year. He had current debt of 140,000. He paid himself 24,000 a year and he borrowed 14,000 a year to increase his pay, so his total personal spending is 38,000 a year. The remaining 102,000 is used to keep the business running and pay interest on his debt.

It isn’t growing. He’s grossed 140,000 a year or slightly less for 4 straight years. How long can he keep borrowing 14,000 a year if he’s only paying 3% on his borrowed money? How long can he keep his business open?