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Cliff avoided: Congress staves off tax hikes
Associated Press ^ | Jan 1, 2013 11:37 PM EST | David Espo and Alan Fram

Posted on 01/01/2013 9:13:47 PM PST by Olog-hai

Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national “fiscal cliff” of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America's divided government to the limit.

The bill’s passage on a bipartisan 257-167 vote in the House sealed a hard-won political triumph for the president less than two months after he secured re-election while calling for higher taxes on the wealthy.

Moments later, Obama strode into the White House briefing room and declared, “Thanks to the votes of Republicans and Democrats in Congress I will sign a law that raises taxes on the wealthiest two percent of Americans while preventing tax hikes that could have sent the economy back into recession.” …

In addition to neutralizing middle class tax increases and spending cuts taking effect with the new year, the legislation will raise tax rates on incomes over $400,000 for individuals and $450,000 for couples. That was higher than the thresholds of $200,000 and $250,000 that Obama campaigned for. But remarkably, in a party that swore off tax increases two decades ago, dozens of Republicans supported the bill at both ends of the Capitol.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: fiscalcliff; rinos
GOP-e for sale . . . going cheap . . .
1 posted on 01/01/2013 9:13:51 PM PST by Olog-hai
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To: Olog-hai

Sorry boys. America went over the “cliff” a long time ago. We’re 16 trillion in debt headed for 20 trillion.


2 posted on 01/01/2013 9:15:58 PM PST by FlingWingFlyer (Where can I pick up a 2013 Mayan calendar?)
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To: Olog-hai

Yup! Any way you slice it, we’ve been screwed, glued, and tattooed.......


3 posted on 01/01/2013 9:17:29 PM PST by basil (Second Amendment Sisters.org)
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To: Olog-hai

LIE


4 posted on 01/01/2013 9:18:24 PM PST by yldstrk (My heroes have always been cowboys)
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To: FlingWingFlyer

Ap shills put lipstick on a Pig.....

Bonehead Bohner...stabs America In the back....

The Top 3 Rinos Have to go.


5 posted on 01/01/2013 9:19:46 PM PST by LtKerst
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To: Olog-hai

Guess they forgot about that 2% payroll tax hike.....on everyone including the middle class.


6 posted on 01/01/2013 9:20:06 PM PST by yadent
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To: Olog-hai
Now ain't that just Peachy


7 posted on 01/01/2013 9:22:12 PM PST by HangnJudge
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To: Olog-hai
Start putting your support WHERE IT COUNTS. It's time to stand!
8 posted on 01/01/2013 9:24:13 PM PST by Baynative (Those that work for a living are now outnumbered by those that vote for a living.)
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To: Olog-hai

I can’t wait to see how the GOP-e protects the second amendment.


9 posted on 01/01/2013 9:25:48 PM PST by optiguy (Winter is coming.)
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To: yadent

Even this tax hike will cost 700,000 jobs, and it barely scratches the surface of the problem.


10 posted on 01/01/2013 9:25:48 PM PST by USNBandit (sarcasm engaged at all times)
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To: FlingWingFlyer

Nope. That is 58 TRILLION Dollars of total National Debt, not the short term 16 TRILLION Dollar barrowing smokescreen.


11 posted on 01/01/2013 9:26:36 PM PST by Graewoulf ((Traitor John Roberts' Commune Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: LtKerst

GOP didn’t get enough capital in election, so a compromise is no bad.


12 posted on 01/01/2013 9:27:03 PM PST by granada
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To: Olog-hai

Gee, I just love congress now, especially the republicans, I mean, gee, they just have a way of caving in to the money changers


13 posted on 01/01/2013 9:31:02 PM PST by KittenClaws (You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: Olog-hai

Only in the minds of sick media/politicians could you stave off tax hikes by raising taxes.


14 posted on 01/01/2013 9:33:52 PM PST by upsdriver
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To: KittenClaws

So, do our votes count or not?

Not?

And what do we do?

You know it is our vote that keeps these SOB’s in power right?

When do we understand that it is no longer about the vote?


15 posted on 01/01/2013 9:34:46 PM PST by KittenClaws (You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: Graewoulf

Barry whines a lot about the mess he “inherited”. Imagine the mess the slob who runs in 2016 is going to “inherit” from Barry. I can’t see how anybody in their right mind would want to run for POTUS in 2016. They’d have to be nuts.


16 posted on 01/01/2013 9:35:30 PM PST by FlingWingFlyer (Where can I pick up a 2013 Mayan calendar?)
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To: Olog-hai

The only ‘CLIFF’ here is the one our government will go over if the debt ceiling isn’t raised. It is the one trump card the Republicans hold, and they could get anything they want for it. But sadly, Boehner has already announced in advance that he will fold on that one as well.


17 posted on 01/01/2013 9:38:11 PM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: Olog-hai

When too many Republicans stand up to oppose O (and Boner before him) on cutting our taxes while claiming they opposed tax increases its over.


18 posted on 01/01/2013 9:40:06 PM PST by sickoflibs (Dems go for results, meaning winning. Rs go for symbolism and whining about losing.)
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To: Olog-hai

I hope the GOP will understand if I don’t say thank you.


19 posted on 01/01/2013 9:55:00 PM PST by Gator113 (**WHO in the hell gave the damn order to NOT rescue our men in Benghazi?**)
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To: FlingWingFlyer

B. Hussein Obama increased Federal spending by 20 % over that of GWB.


20 posted on 01/01/2013 9:57:51 PM PST by Graewoulf ((Traitor John Roberts' Commune Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: Graewoulf

It is not easy to underswtand what 16 trillion dollars is.

Maybe this will help.

The speed of light is about 186,282 miles per second.

There are 31,622,400 seconds in a year.

Thus in one year, at the speed of light, the distance covered is 5,890,683,916,800 miles.

5.89 trillion miles.

SO at the speed of light, the 16 trillion dollar debt is equal to 2.715 light years... at $1 per mile, that is.

That will get you more than halfway to the nearest star, as far as that goes.

It is a large number indeed...


21 posted on 01/01/2013 10:41:57 PM PST by muffaletaman (IMNSHO - I MIGHT be wrong, but I doubt it.)
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To: Olog-hai

They avoided nothing....we’re going over the cliff, and now it will be that much worse when it happens.

Sometime in the future, somebody is going to have to explain to our grandchildren how these yahoos f’d everything up.


22 posted on 01/01/2013 10:43:31 PM PST by dfwgator
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To: Gator113

Yep, I didn’t even get a kiss....I usually get a kiss before I get f——d.


23 posted on 01/01/2013 10:45:27 PM PST by dfwgator
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To: Hoodat
The only ‘CLIFF’ here is the one our government will go over if the debt ceiling isn’t raised. It is the one trump card the Republicans hold, and they could get anything they want for it. But sadly, Boehner has already announced in advance that he will fold on that one as well.

The Democrats gave away all their leverage tonight for a comparative pittance. The real trump card the Republicans hold is to let the expense reduction portion of the sequester go over the cliff in March. That will save $3 trillion over ten years, compared to a revenue raise from what passed tonight of only $600 billion over ten years, a 5:1 ratio of cuts to tax increases. Emergency funds can later be voted for defense. I'm actually celebrating.

24 posted on 01/01/2013 10:59:40 PM PST by Kennard
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To: Olog-hai

Wait a doggone minute. This bill orignated in the Senate and was then sent to the House. Last time I looked at the Constitution, it clearly said “All Bills for raising Revenue shall originate in the House of Representatives ...” [Art I Sect 7]

This Bill is flat unconstitutional, and somebody should file suit to have it overturned.


25 posted on 01/02/2013 12:28:32 AM PST by John Locke
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To: Olog-hai

I support it because of lack of better alternatives. Rich people pay more and every one pays less and the Bush Era tax cuts are made permanent.

The “fiscal cliff” deal isn’t everything I wanted but I’ll take what I can get now and fight for the rest later.


26 posted on 01/02/2013 1:31:33 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: sickoflibs

Republicans would have to explain if they had voted against this bill, why they want to preserve tax breaks for millionaires but increase taxes on middle class Americans.

Voting to increase every one else’s taxes is a political loser. You get to pick your fights and the GOP didn’t hold the upper hand on this issue.


27 posted on 01/02/2013 1:35:03 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Kennard
"The Democrats gave away all their leverage tonight for a comparative pittance."

Glad to see at least one FReeper who can look beyond all the knee-jerks here to see the forest AND the trees.

28 posted on 01/02/2013 2:38:36 AM PST by eCSMaster (2012 elections: American Coup d'etat!)
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To: goldstategop

That’s what the Dems are hoping all GOP will say.


29 posted on 01/02/2013 3:02:47 AM PST by Olog-hai
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To: goldstategop
Republicans would have to explain if they had voted against this bill, why they want to preserve tax breaks for millionaires but increase taxes on middle class Americans.

Voting to increase every one else’s taxes is a political loser. You get to pick your fights and the GOP didn’t hold the upper hand on this issue.

That's just stupid! THEY CREATED THIS FIGHT IN THE FIRST PLACE! This isn't a winter storm or an asteroid impact or some other freak natural occurrence. This has been set up ever since the Rinos agreed to the sequestration bills in the first place. Bonehead is playing checkers while the Democrats are playing chess. He moved his queen into check only to have her taken for NOTHING. We got nothing out of this deal... and far less than we could have had had we been strong.

The media will STILL beat us up for anything that goes wrong and Obama and the Demos have won every round of this fight. When are the GOP conservatives going to realize that the GOP-E leadership is at fault here?

30 posted on 01/02/2013 3:11:37 AM PST by Charles H. (The_r0nin) (Hwaet! Lar bith maest hord, sothlice!)
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Wait a doggone minute. This bill orignated in the Senate and was then sent to the House. Last time I looked at the Constitution, it clearly said “All Bills for raising Revenue shall originate in the House of Representatives ...” [Art I Sect 7]

This Bill is flat unconstitutional, and somebody should file suit to have it overturned.

The bill out from the Senate was a House bill that was gutted 99.99%, only using the bill numbers to make it legal IAW what you have correctly stated above.

31 posted on 01/02/2013 5:11:46 AM PST by USCG SimTech (Honored to serve since '71)
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To: goldstategop; WellyP; mike_9958; Logical me; Fiji Hill; jospehm20; Perdogg; ...
RE :”Republicans would have to explain if they had voted against this bill, why they want to preserve tax breaks for millionaires but increase taxes on middle class Americans.
Voting to increase every one else’s taxes is a political loser. You get to pick your fights and the GOP didn’t hold the upper hand on this issue.”

This was one of the weakest positions they were in in all the fights they got themselves into.

They ALL supported Bohner putting that bill up for a vote so Dems would pass it and many could vote symbolic 'No's', So some got their symbolic 'No' votes’s and yet taxes didn't go up for most as a result of it because it passed anyway. Bohner and Ryan voted 'yes', Cantor 'No'

The last thing any of them wanted was to vote ‘no’ on this bill and have taxes go up as a result of their killing it.(after the New Year holiday)

Now they will all support Bohner as Speaker in tomorrow's vote even after he put up the bill with the intention of House Dems voting for it to get it passed.
So this was all a big Kabuki dance.
I saw Marsha Blackburn chirping on FNC this morning about 'lines in the sand' and saying 'no', she's doing the Kabuki dance acting all excited like she actually accomplished something with her vote. I was thinking : 'Stop the empty talk and run for Speaker' as she was chirping on TV.

Those symbolic 'no's were as relevant as the 33 repeals of O-care in the (same session of the ) House. Fitting end I suppose.

32 posted on 01/02/2013 7:53:32 AM PST by sickoflibs (Dems go for results, meaning winning. Rs go for symbolism and whining about losing.)
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