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Tax Deal Finalized
NRO ^ | December 31, 2012 | Robert Costa

Posted on 12/31/2012 12:36:48 PM PST by Ron C.

Senior Senate Republican aides tell NRO that the tax side of the fiscal-cliff deal has been finalized. Here’s a sketch of the framework:

— Current tax rates would be permanently extended for singles making $400,000 or below, and permanently extended for couples making $450,000 or below

— For singles, capital gains and dividends of $400,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $400,000 would be permanently taxed at 20 percent

(Excerpt) Read more at nationalreview.com ...


TOPICS: Breaking News; Government; News/Current Events
KEYWORDS: spending; taxes; taxtherich
Navigation: use the links below to view more comments.
first 1-5051-80 next last
True or not true, that is the question.
1 posted on 12/31/2012 12:36:51 PM PST by Ron C.
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To: Ron C.

This deal and about four bucks might get you a cup of coffee at Starbucks.....

I don’t see it making the big time, though.


2 posted on 12/31/2012 12:42:18 PM PST by alloysteel (Bronco Bama - the cowboy who whooped up and widened the stampede.)
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To: Ron C.

If the house votes for it vote them all out

Also there’s supposed to be a 3 day rule. What are they hiding


3 posted on 12/31/2012 12:42:21 PM PST by GreaterSwiss
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To: Ron C.

>> True or not true

Of course it’s true. You know it’s true because it’s from an unnamed source who spoke off the record because they aren’t authorized to speak about the issue.

Meet the new year
Same as the old year

won’t get fooled again


4 posted on 12/31/2012 12:43:29 PM PST by Nervous Tick (Without GOD, men get what they deserve.)
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To: Ron C.
True or not true, that is the question.

According to the timestamp, the article is about an hour and a half old.

5 posted on 12/31/2012 12:43:29 PM PST by library user
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To: Ron C.

And the spending cuts get kicked down the road....again!


6 posted on 12/31/2012 12:43:41 PM PST by verga (A nation divided by Zero!)
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To: GreaterSwiss

The House Rinos and Rats will pass this bill.
Ok by me, as it will expose a lot of Rinos.


7 posted on 12/31/2012 12:48:49 PM PST by tennmountainman
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To: verga

Yes it got kicked down the road but this country just elected a president that will not budge on spending in a way that is to our liking. That being said, I pay tens of thousands in federal taxes as it is and am glad that the rates will not go up with this agreement. I can’t afford it.


8 posted on 12/31/2012 12:50:40 PM PST by Jake8898
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To: verga

“And the spending cuts get kicked down the road....again!”

Exactly. Haven’t seen anything about any CUTS!


9 posted on 12/31/2012 12:50:44 PM PST by cld51860 (Oderint dum metuant)
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To: Ron C.
So, ‘Americans’. Your government has told you what you're worth now - what's “fair.”

Only $400,000. To add insult to injury, your spouse (man or wife, or ‘significant-life-partner-now-married) is worth but a paltry $50,000 more. Beyond those numbers you are just a brood mare, a less-than-golden goose.

10 posted on 12/31/2012 12:51:33 PM PST by Gaffer
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To: verga
And the spending cuts get kicked down the road....again!

If you are referring to the Sequestration cuts, that is not stated in the linked article, nor can I find any news source that confirms that. We all know Entitlement reform is off the table - that was yesterday's news. However, every single new source I have read has said that the Democrats get every goodie they wanted, from unemployment billions for the layabouts, to tuition breaks for the "poor", to new taxes, but nothing about preventing the gutting of the Dept of Defense.

11 posted on 12/31/2012 12:52:02 PM PST by SkyPilot
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To: verga
"And the spending cuts get kicked down the road....again!"

Go listen to the 'Evil One's news presser. He said they dealt with spending LAST YEAR and THIS DEAL will now affect the TAX SIDE.

And any FUTURE SPENDING CUT's will need to include TAX INCREASES as well.

He truly is Satan ...

12 posted on 12/31/2012 12:53:05 PM PST by 11th_VA (Keep your laws OFF my weapons.)
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To: Ron C.; Bon mots; All
in celebration of 'ol Buttcrack's victory
over the Establishment GOP

thanks; for the graphic, BM

13 posted on 12/31/2012 12:53:44 PM PST by skinkinthegrass (who'll take tomorrow,spend it all today;who can take your income,tax it all away..0'Bozo man can :-)
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To: Ron C.

What’s the typical food-producing farm worth, including acreage? If over $5 million, the estate tax would pretty much make it impossible for farms to be kept in the family. Hey, wait a minute.. That could be a goal of Agenda 21: To get farms out of the hands of private citizens or families and INTO the hands of the government or their operatives!


14 posted on 12/31/2012 12:54:21 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: Ron C.

“Here’s the deal: you get everything you want, and we get nothing. Does that work for you? Hey world - we came to an agreement! Yay us!”


15 posted on 12/31/2012 12:54:40 PM PST by ctdonath2 (End of debate. Your move.)
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To: Ron C.

call them , tell them not to vote for this nor any deal , go over the news media stupid cliff:

Congress switchboard number: (202) 224-3121.

107th Congress’ Freshman House Members
Rep. Jeff Flake (R-AZ)
512 Cannon House Office Building
Washington, DC 20515
(202) 225-2635
(202) 226-4386 Fax
jeff.flake@mail.house.gov

Rep. Jane Harman (D-CA)
229 Cannon House Office Building
Washington, DC 20515
(202) 225-8220
(202) 226-7290 (Fax)
jane.harman@mail.house.gov

Rep. Sam Graves (R-MO)
1407 Longworth House Office Building
Washington, DC 20515
(202) 225-7041
(202) 225-8221 (Fax)
sam.graves@mail.house.gov

Rep. Jim Matheson (D-UT)
410 Cannon House Office Building
Washington, DC 20515
(202) 225-3011
(202) 225-5638 (Fax)
wendi.ware@mail.house.gov

Rep. Rick Larsen (D-WA)
1529 Longworth House Office Building
Washington, DC 20515
(202) 225-2605
(202) 225-4420 (Fax)
rick.larsen@mail.house.gov

Rep. Moore Capito (R-WV)
1431 Longworth House Office Building
Washington, DC 20515
(202) 225-2711
(202) 225-7856 (Fax)
shelley.moore.capito@mail.house.gov

Rep. Eric Cantor (R-VA)
329 Cannon House Office Building
Washington, DC 20515
(202) 225-2815
(202) 225-0011 (Fax)

Rep. Edward Schrock (R-VA)
128 Cannon House Office Building
Washington, DC 20515
(202) 225-4215
(202) 225-4218 (Fax)

Rep. John Abney Culberson (R-TX)
1728 Longworth House Office Building
Washington, DC 20515
(202) 225-2571
(202) 2254381 (Fax)

Rep. Henry Brown, Jr. (R-SC)
1017 Longworth House Office Building
Washington, DC 20515
(202) 225-3176
(202) 225-3407 (Fax)

Rep. James Langevin (D-RI)
215 Cannon House Office Building
Washington, DC 20515
(202) 225-2735
(202) 225-5976 (Fax)

Rep. Rodd Russell Platts (R-PA)
1032 Longworth House Office Building
Washington, DC 20515
(202) 225-5836
(202) 226-1000 (Fax)

Rep. Melissa Hart (R-PA)
1508 Longworth House Office Building
Washington, DC 20515
(202) 225-2565
(202) 226-2274 (Fax)

Rep. Brad Carson (D-OK)
317 Cannon House Office Building
Washington, DC 20515
(202) 225-2701
(202) 225-3038 (Fax)

Rep. Patrick Tiberi (R-OH)
508 Cannon House Office Building
Washington, DC 20515
(202) 225-5355
(202) 226-4523 (Fax)

Rep. Susan Davis (D-CA)
1517 Longworth House Office Building
Washington, DC 20515
(202) 225-2040

Rep. Ander Crenshaw (R-FL)
510 Cannon House Office Building
Washington, DC 20515
(202) 225-2501
(202) 225-2504 (Fax)

Rep. Jo Ann Davis (R-VA)
1123 Longworth House Office Building
Washington, DC 20515
(202) 225-4261
(202) 225-4382 (Fax)

Rep. W. Todd Akin (R-MO)
501 Cannon House Office Building
Washington, DC 20515
(202) 225-2561
(202) 225-2563 (Fax)

Rep. William Lacy Clay (D-MO)
415 Cannon House Office Building
Washington, DC 20515
(202) 225-2406
(202) 225-1725 (Fax)

Rep. Mike Ross (D-AR)
514 Cannon House Office Building
Washington, DC 20515
(202) 225-3772
(202) 225-1314 (Fax)

Rep. Michael Honda (D-CA)
503 Cannon House Office Building
Washington, DC 20515
(202) 225-2631
(202) 225-2699 (Fax)

Rep. Adam Schiff (D-CA)
437 Cannon House Office Building
Washington, DC 20515
(202) 225-5464
(202) 225-6457 (Fax)

Rep. Darrell Issa (R-CA)
1725 Longworth House Office Building
Washington, DC 20515
(202) 225-3906
(202) 225-3303 (Fax)

Rep. Rob Simmons (R-CT)
511 Cannon House Office Building
Washington, DC 20515
(202) 225-2176
(202) 225-0999 (Fax)

Rep. Adam Putnam (R-FL)
506 Cannon House Office Building
Washington, DC 20515
(202) 225-1252
(202) 226-0585 (Fax)

Rep. C.L. “Butch” Otter (R-ID)
1711 Longworth House Office Building
Washington, DC 20515
(202) 225-6611
(202) 225-3029 (Fax)

Rep. Mark Steven Kirk (R-IL)
1531 Longworth House Office Building
Washington, DC 20515
(202) 225-4835
(202) 225-0837 (Fax)

Rep. Timothy Johnson (R-IL)
1541 Longworth House Office Building
Washington, DC 20515
(202) 225-2371
(202) 226-0791 (Fax)

Rep. Mike Pence (R-IN)
1605 Longworth House Office Building
Washington, DC 20515
(202) 225-3021
(202) 225-3382 (Fax)

Rep. Brian Kerns (R-IN)
226 Cannon House Office Building
Washington, DC 20515
(202) 225-5805
(812) 238-5638 (Fax)

Rep. Mike Rogers (R-MI)
509 Cannon House Office Building
Washington, DC 20515
(202) 225-4872

Rep. Mark Kennedy (R-MN)
1415 Longworth House Office Building
Washington, DC 20515
(202) 225-2331
(202) 225-6475 (Fax)

Rep. Betty McCollum (D-MN)
1029 Longworth House Office Building
Washington, DC 20515
(202) 225-6631
(202) 225-1968 (Fax)

Rep. Dennis Rehberg (R-MT)
516 Cannon House Office Building
Washington, DC 20515
(202) 225-3211
(202) 225-5687 (Fax)

Rep. Tom Osborne (R-NE)
507 Cannon House Office Building
Washington, DC 20515
(202) 225-6435
(202) 226-1385 (Fax)

Rep. Mike Ferguson (R-NJ)
214 Cannon House Office Building
Washington, DC 20515
(202) 225-5361
(202) 225-9460 (Fax)

Rep. Felix Grucci, Jr. (R-NY)
1505 Longworth House Office Building
Washington, DC 20515
(202) 225-3826
(202) 225-3143 (Fax)

Rep. Steve Israel (D-NY)
429 Cannon House Office Building
Washington, DC 20515
(202) 225-3335
(202) 225-3669 (Fax)


16 posted on 12/31/2012 12:54:45 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Ron C.
Without spending cuts, this is just another

GOP SELL-OUT!!


17 posted on 12/31/2012 12:54:47 PM PST by Roccus (POLITICIAN...............a four letter word spelled with ten letters.)
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To: Ron C.
Politicians and the majority of the public will never voluntarily cut any entitlements or spending. Since this deal is not going actually raise revenue and since we won’t have any significant economic growth increase that will raise revenue, our deficit is only going to increase at an alarming rate. All this leaves only one possible outcome, economic calamity.
18 posted on 12/31/2012 1:00:26 PM PST by ryan71 (Water, food and ammo.)
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To: cld51860

Sadly, I doubt we ever will.


19 posted on 12/31/2012 1:00:30 PM PST by RIghtwardHo
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To: Democrat_media

call GOP Congressmen , tell them not to vote for this nor any deal , go over the news media’s stupid cliff:

Congress switchboard number: (202) 224-3121.


20 posted on 12/31/2012 1:01:41 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Roccus

They had no choice. Keeping the increases to tholse making over $400k is a small win.

If they went over the cliff, the GOP would be done for. As all the unemployed workers walk out of their contractor jobs, the MSM would be playing it non stop that the GOP took their jobs.


21 posted on 12/31/2012 1:02:10 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: Ron C.

Those inside the Washington DC bubble both Democrat and Republican do not understand the taxation obligations and Cost of Living Hardships of families earning only 450k a year especially if they live in New York, Boston, Miami, Dallas or any place in California.

People are going to be hurting out there and our politicians don’t care about these middle class working folks.


22 posted on 12/31/2012 1:06:52 PM PST by OKRA2012
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To: OKRA2012

No, they understand alright. They just don’t give a damn.


23 posted on 12/31/2012 1:09:18 PM PST by sport
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To: Gaffer

Put another way, a each married taxpayer is worth only 56% of
a single taxpayer, even worse than the 3/5ths rule for slaves.


24 posted on 12/31/2012 1:10:04 PM PST by fatrat (extremely extreme right-wing radicalized veteran)
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To: Jake8898

Maybe your employer, who will more than likely be paying more in taxes,
will decide he has to let a few employees go. Hopefully, u won’t be one
of them. If not, u may not pay more or any taxes at all because u may not have
a job. Sooner than later, the DC Party will come for your tax bracket as well.


25 posted on 12/31/2012 1:10:35 PM PST by tennmountainman
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To: verga
And the spending cuts get kicked down the road....again!

And spending is the problem, under taxing is not.

How do they fix the spending problem? Force the tax slaves to work harder, longer, and faster (but don't anyone dare touch the bounty of the freeloaders) and spend some more money on government unions (like giving them $900 pay raises). That should fix just about everything, right? We should be out of debt by Monday!

26 posted on 12/31/2012 1:10:57 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Ron C.

Corker just said that as soon as the tax side was agreed to, Obama reneged on the spending side. Obama said that now that they will have more money in the treasury from the tax increases, they don’t need to cut spending.


27 posted on 12/31/2012 1:11:13 PM PST by Uncle Chip
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To: redgolum

Riiiiiight

Just more go-along to get-along

Traitors ALL!!!!

Lying, thieving scum!!!


28 posted on 12/31/2012 1:12:16 PM PST by Roccus (POLITICIAN...............a four letter word spelled with ten letters.)
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To: Ron C.

Republican surrender monkeys at work under arch monkey McConnell.

Now for the House surrender monkeys to move, under their arch monkey Boner.

You have to admire Obama. He’s a master chess-player. But then he is playing against a pack of novices.

He has succeeded in fractionating the GOP. Checkmate. If the Senate GOP approves this - as is likely since they are the more liberal of the two, it goes to the House.

If the House approve it, it will only be with the House Dems and a few liberal Republicans.

Net accomplishment - split House and Senate RePubicans, and House Repubicans, punish the successful, steal their money, raise taxes, cut nothing and create a victory for Obama.

If it doesn’t happen pretty much all of the above occurs.

Listening to the radio today to a conservative talk show host named Larry ?.

He said the GOP could win this by sticking to no tax increases without cuts, prepare their own plan and put it forward.

After the new Congress meets, repeat.

Obama loses. If the Country goes over the cliff, its HIS fault. Blame him.

But they have no guts, backbone or brains which is why they need to be thoroughly destroyed and replaced by another political party.


29 posted on 12/31/2012 1:12:32 PM PST by ZULU (See video: http://gatesofvienna.blogspot.com/2012/09/the-first-siege-of-vienna.html)
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To: Ron C.

I believe this only the tax side, the spending cuts is the big issue.


30 posted on 12/31/2012 1:13:45 PM PST by Perdogg (Mark Levin - It's called the Bill of Rights not Bill of Needs)
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To: Ron C.

The permancy portion of the deal should be viewed by all as a huge positive.


31 posted on 12/31/2012 1:14:07 PM PST by Go Gordon (It's barack hussein obama - because he doesn't believe in capitalism.)
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To: Ron C.

At least the Republicans won’t fold on the deficit ceiling. /snort


32 posted on 12/31/2012 1:14:32 PM PST by St_Thomas_Aquinas
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To: Uncle Chip

>> Corker just said that as soon as the tax side was agreed to, Obama reneged on the spending side.

Unreal... well, not really.

The GOP is pathetic.


33 posted on 12/31/2012 1:15:22 PM PST by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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To: redgolum

They had no choice. Keeping the increases to tholse making over $400k is a small win.


They do have choices. Hiding under their desks and allowing the dims to run out the clock is 100% on the GOP. They just do not have the fight in them. Totally whupped by the MSM & Marxists. Dims have revolutionary zeal. Beltway GOPers have a job and a pay check to protect. Guess who wins?


34 posted on 12/31/2012 1:15:42 PM PST by lodi90
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To: Go Gordon

Does this mean there is no 3.8% surcharge on Capital gains?


35 posted on 12/31/2012 1:15:52 PM PST by Perdogg (Mark Levin - It's called the Bill of Rights not Bill of Needs)
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To: Obama_Is_Sabotaging_America

corn and soybean acreage around here is selling for well over $10,000/acre.

some of our locals own several thousand


36 posted on 12/31/2012 1:16:26 PM PST by digger48
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To: ryan71
All this leaves only one possible outcome, economic calamity.

Since the election, I've come to face the fact that we're just watching the collapse play out.

37 posted on 12/31/2012 1:17:31 PM PST by St_Thomas_Aquinas
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To: Ron C.
The plan seems to be to let Obama sign the largest tax cut in history after the first.

Great job, GOP.

38 posted on 12/31/2012 1:19:25 PM PST by Tau Food (Never give a sword to a man who can't dance.)
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To: Roccus

The GOP has been on this road for years. They are trying to survive till 2016. Going over the cliff would make the midterms very hard.


39 posted on 12/31/2012 1:19:42 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: fatrat

Won’t the gay folks feel honored that Obama and his people are making a way for them to be screwed by the government in this way just like the rest of us?


40 posted on 12/31/2012 1:21:47 PM PST by butterdezillion
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To: digger48
Quick, we need to make more corn and soybean acreage... @ $10,000/acre that's equal to about 5 acres per paper ream of $100 bills!

Those farmers are rich! /s

41 posted on 12/31/2012 1:22:34 PM PST by Errant
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To: Ron C.

Oh! Oh! Oh! You mean Obama gets to make changes! Oh! We didn’t know that! Can we make changes? We can? Wow. Maybe we should war game things out to see how changes could affect us. Or how they could affect the Democrats. What a novel concept.


42 posted on 12/31/2012 1:22:59 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: redgolum
If they went over the cliff, the GOP would be done for.

Bull Crap from the MSM. They're telling us what Oboma wants us to think. WHO said Republicans would be blamed? The LEFT! That doesn't mean it's true.

A recent poll release today shows 44% of the population blames the Republicans for this mess, and 36% blame the Democrats. The other 20 will only see their taxes go up or their bennies go down under Oboma - and they've never even heard of some guy named Boehner!
Those are not enough chips on his side of the table to pull this off. We go over the cliff, Oboma goes with us.

43 posted on 12/31/2012 1:24:25 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: redgolum
They had no choice.....If they went over the cliff, the GOP would be done for.

Wrongo!

The GOP have NO SPINE!!

They could've demanded spending cuts, but no, that's not what this Kabuki Theatre was EVER about. Just tax increases. Always has been.

44 posted on 12/31/2012 1:25:52 PM PST by Jane Long (Philippians 2:11)
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To: Jake8898

“Yes it got kicked down the road but this country just elected a president that will not budge on spending in a way that is to our liking. That being said, I pay tens of thousands in federal taxes as it is and am glad that the rates will not go up with this agreement. I can’t afford it.”

Are you in for a rude surprise when they Lower income thresholds at these higher rates..

Recall when FDR started Social Security there only 50,000 beneficiaries, so he as able to get it passed.
To date there are now 50,000,000 and growing.

Welcome to the real world, you know the one where the frog gradually has the fire turned up and doesn’t realize he is toasted


45 posted on 12/31/2012 1:27:08 PM PST by bestintxas (Anyone who votes for Obama after these 4 miserable years needs to take a mandatory citizenship test.)
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To: 11th_VA

I won’t argue that, but he is who the majority of those that voted said that they wanted. They sowed their seeds and I hope that they have a boundiful and bitter[for them]harvest. It is already bitter for me.


46 posted on 12/31/2012 1:27:33 PM PST by sport
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To: Ron C.

I’m still waiting for the $100 billion in spending cuts we were promised 16 months ago in exchange for the $2.5 trillion debt ceiling increase. Surely Boehner and McConnell brought this up, right? Please tell me that Boehner went on TV to tell America that the Democrats did not honor what they said they would do last time. Please tell me McConnell said on live TV that Obama could not be trusted. Please tell me.


47 posted on 12/31/2012 1:32:23 PM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: verga

And the spending cuts get kicked down the road....again!
**********
Obama isn’t going to cut spending now or in the future. There will simply be more excuses and fear mongering by Democrats (e.g., they’re going to shut down the national parks!) to avoid having to take meaningful actions to stop the runaway spending. The debt ceiling debate will be an even bigger farse than the fiscal cliff.


48 posted on 12/31/2012 1:33:38 PM PST by Starboard
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To: Go Gordon
The permancy portion of the deal should be viewed by all as a huge positive.

I agree with that. If "sequestration" set up by that execrable "super committee" is finally dead, it'll be interesting to see what happens next year.

Frankly, with Obama in office, and the majority of the country (apparently) supportive of him given his re-election, he should get all the spending he wants. Maybe the EBT cards will flash "NSF" faster that way and we can get on with it all...

49 posted on 12/31/2012 1:35:27 PM PST by Future Snake Eater (CrossFit.com)
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To: Ron C.

They want to punt the spending cuts down the road again - an McConnell thinks he’s got a “good deal”.


50 posted on 12/31/2012 1:37:32 PM PST by MortMan (Disarming the sheep only emboldens the wolves.)
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