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Tax Deal Set, But No Agreement on Sequester (How Is This A "Deal?")
Roll Call ^ | 31 Dec 12 | Alan K. Ota

Posted on 12/31/2012 1:35:27 PM PST by SkyPilot

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This "deal" is no deal at all. The Sequester cuts remain in place, gutting the military, but the Democrats get tax increases, zero Entitlement reform, and they get to spread $200 Billion more to the perpetually unemployed.

Great.

Just great.

What are the Republicans doing? They KNOW that the hostage in the room has always been the US military. They negotiated this bad deal back in 2011, knowing that the DoD was ~18% of the budget, but would take 50% of the Sequestration cuts.

Now, they are backing away from sparing the military from being gutted in 2 days.

Thanks a bunch GOP!

1 posted on 12/31/2012 1:35:37 PM PST by SkyPilot
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To: SkyPilot

AP has already reported we are going over the cliff.


2 posted on 12/31/2012 1:38:14 PM PST by RummyChick
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To: SkyPilot

Any word on the debt ceiling?


3 posted on 12/31/2012 1:38:41 PM PST by JewishRighter
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To: SkyPilot

The house won’t go along with this. But that doesn’t matter. All obama has to do is sign an EO and everything hums right along.


4 posted on 12/31/2012 1:42:41 PM PST by Terry Mross (I'm here for the entertainment.. And I know there are people I don't like who read my posts.)
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To: RummyChick
From the Weekly Standard, that is front page on Drudge:

______________________________

http://www.weeklystandard.com/blogs/source-tax-terms-locked_692469.html

"A senior Republican Senate aide passes along the tax terms of the deal being worked out by Democrats and Republicans on Capitol Hill and the White House to avert the "fiscal cliff." These terms are "locked," says the source, between Senate Republicans and the White House:

· Permanent extension of current rates on income below $400k (singles) and $450k (married). · Permanent 15% rate on cap gains and dividends for income below $400k (single), $450k (married). · Permanent 20% capital gains & dividends for those above $400k (single), $450k (married). · Permanent death tax at $5M exemption but a 40% Rate (as of tomorrow, exemption would be on estates valued at $1m at a 55% rate) · Permanent AMT patch · One year extension of 50% Bonus Depreciation No changes to the already scheduled sequestration cuts have been "locked," I'm told.

___________________________

That, to me, means that the GOP has completely caved. Not only do they give the Democrats everything they wanted, but the GOP is going to allow the defense budget to suffer what even Leon Panetta says is "disaster for the military."

This is going over the cliff - I don't care how they sell it.

5 posted on 12/31/2012 1:43:47 PM PST by SkyPilot
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To: SkyPilot

Once again, the left will get everything they want. We end up with an even more progressive tax system.


6 posted on 12/31/2012 1:44:34 PM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: JewishRighter

The debt ceiling is now completely out of the discussion.


7 posted on 12/31/2012 1:45:11 PM PST by SkyPilot
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To: SkyPilot

Sometimes it is hard to understand why these politicians are entitled to a salary. Most of these people could not make it in the private sector.


8 posted on 12/31/2012 1:46:25 PM PST by Taxbilly
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To: SkyPilot

Wow, tax increases AND the military will be gutted. Who knew the “super committee” deals would end up like this? Oh yeah, that’s right...everyone.


9 posted on 12/31/2012 1:51:29 PM PST by Future Snake Eater (CrossFit.com)
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To: SkyPilot
“We have reached agreement on all of the tax issues,” McConnell, R-Ky., told the Senate. “Let’s take what has been agreed to and get moving. . . . We all want to protect taxpayers and we can get it done now, right now.”

Good Cop/Bad Cop. They probably had this all figured out months ago.

Go over the friggen cliff. Oboma doesn't have that much more support than republicans, and the other 20% will see nothing but an Oboma tax increase (Who's John Bohner? Never heard of him).
Go over the cliff, and Oboma will go over right along with us. Take that SOB down!

10 posted on 12/31/2012 1:52:17 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: All
Exclusive - GOP: Cuts Won't Be Stopped, Despite Dems' Reluctance

In an amazing bit of magic, the GOP manages to play the villan even towards its Conservative base.

Not only do they fold on everything the Democrats want (taxes, unemployment handouts, tuition tax breaks for perpetual students, zero entitlement reform, etc), they lead the charge to punish the US military!

Sequestration was a bad deal to begin with. They were mad to agree to it and hope that a "Super Committee" led by radical Democrats would actually work to stop the runaway train of entitlements.

Now, the GOP is the one pounding the fiscal stake into the already wounded (by previous $450 Billion in cuts) Pentagon.

With "friends" like these, who needs enemies?


11 posted on 12/31/2012 1:53:48 PM PST by SkyPilot
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To: Future Snake Eater
Wow, tax increases AND the military will be gutted. Who knew the “super committee” deals would end up like this? Oh yeah, that’s right...everyone.

Exactly.

By signing up to the tax cuts for the middle class, but allowing the Pentagon cuts, the GOP is handing the Democrats the gun during the negotiations.

It is mind boggling how stupid they really are.

12 posted on 12/31/2012 1:56:25 PM PST by SkyPilot
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To: SkyPilot

http://www.youtube.com/watch?v=Pq4eeyVr_Hs


13 posted on 12/31/2012 2:01:25 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: SkyPilot
So, the Republicans also wasted the opportunity to tie any action on the debt ceiling to any of these concessions on taxes? I'm shocked, shocked I tell you. /sarc x 1047
14 posted on 12/31/2012 2:04:43 PM PST by JewishRighter
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To: SkyPilot

This part is just simply the only possible ending for the “super committee” deals. There’s no way, apart from Romney beating Obama this past NOV, that this was going to come to any other outcome. If that really was what the RNC was banking on with this deal, then they’re not just dumb, they’re impossibly reckless. Keep them away from roulette wheels at the casino...


15 posted on 12/31/2012 2:08:09 PM PST by Future Snake Eater (CrossFit.com)
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To: SkyPilot
Well, I'm certainly disappointed that taxes increased on anyone. I'll be interested to see details of the permanent AMT patch. Not sure we were going to get a better deal than this, even though the class warfare sickens me.

As far as spending, it sounds like the cuts go into effect. Personally I hope they're made permanent and extended to other areas. My view is that there's plenty of bloat that can be cut in every department, including the DOD.

16 posted on 12/31/2012 2:08:52 PM PST by NittanyLion
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To: Taxbilly

Most of these people could not make it in the private sector.
.......................................................
They know that ,it’s why they ran for office.

Good pay, Good benefits ,Perks on and beneath the table, an office staff to kiss their ass, free trips, a good parking spot, haircuts,lobbyist money and tips on the market, they all end up millionaires, and on top of that get great pensions and no Obmacare.


17 posted on 12/31/2012 2:15:27 PM PST by Venturer
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To: SkyPilot
In an answer to “How is this a deal” portion of the headline, you have evidently forgotten that as long as the Democrats have a promise from the Republicans that they just have to run out to the store to pick up some more Vaseline so the second half of the deal can be completed, then the 1/2 headline about 1/2 a deal is essentially correct.
18 posted on 12/31/2012 2:33:20 PM PST by cashless (Obama told us he would side with Muslims if the political winds shifted in an ugly direction. Ready?)
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To: SkyPilot

The GOP caves again.

And now it’s time for conservatives to come to their senses. You cannot be a registered Republican and call yourself a conservative.

There is no such thing as a RINO. The sobriquet “Republican in name only” makes no sense at all when being a Republican means giving in to whatever demands are made by the far left wing of the Democratic Party. “Republican in name only” implies that “Real Republicans” stand for something other than an ever-expanding Welfare State. “Real Republicans” stand for big government; as much as any Democrat.

It’s time to declare yourselves: Are you conservatives or are you “Real Republicans”? You cannot be both.


19 posted on 12/31/2012 2:45:22 PM PST by Redcloak (Winter is coming.)
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To: NittanyLion
Well, I'm certainly disappointed that taxes increased on anyone. I'll be interested to see details of the permanent AMT patch. Not sure we were going to get a better deal than this, even though the class warfare sickens me.

I agree with you. The rhetoric from the media and the Democrats is to the left of Joseph Stalin. They actually believe that other people's businesses, farms, homes, bank accounts, and savings belongs to Washington to begin with, and as our Masters, we surfs should kiss their posteriors and be thankful they don't take it all (cue George Harrison).

There is a reason God commanded that we Do Not Covet.

What the Democrats (read: Communists) practice is not only sinful, it flies in the face of the Almighty, and they will someday answer to Him for it.

As far as spending, it sounds like the cuts go into effect. Personally I hope they're made permanent and extended to other areas. My view is that there's plenty of bloat that can be cut in every department, including the DOD.

There is "bloat" in any organization, including the car dealerership that didn't fix my car properly for the 3rd time, the real estate office that I paid that seemed to have 6 women on staff whose job it was to stare at the fax machine, and my kid's school that takes 70% of my five figure property taxes.

The DoD is the only Federal institution that takes on a global mission and performs thousands of missions magnificently every day. When disaster, war, and terror strike us, it answers. It is also a Constitutional institution. Someone name another Federal agency that can fill those squares.

What hurts the most is that it seems to be the GOP that is now the advocate of gutting the military.

They snatch defeat from the jaws of victory time, and time again.

20 posted on 12/31/2012 2:50:11 PM PST by SkyPilot
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