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Obama Won’t Extend Bush-Era Tax Cuts to Wealthy
NY Times ^ | 9/7/10 | Jackie Calmes

Posted on 09/07/2010 5:24:53 PM PDT by truthandlife

President Obama will rule out on Wednesday any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies. Related

Mr. Obama’s opposition to allowing the high-end tax cuts to remain in place for even another year or two would be the signal many Congressional Democrats have been awaiting as they prepare for a showdown with Republicans on the issue and ends speculation that the White House might be open to an extension. Democrats say only the president can rally wavering lawmakers who, amid the party’s weakened poll numbers, feel increasingly vulnerable to Republican attacks if they let the top rates lapse at the end of this year as scheduled.

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


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: bho44; bhoeconomy; bhofascism; bhotyranny; bushtaxcuts; democrats; disaster; economy; elections; fail; fubo; hopeychangey; jobs; liberalfascism; obama; obamadepression; redistribution; spreadthewealth; stealthewealth; taxcheatparty; taxcuts; taxes; taxincreases; unemployment
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To: COBOL2Java
If you own a car, pay your rent, or otherwise keep up with your bills, congratulations, you're wealthy!

Add to that: If you own a car, pay your rent, or otherwise keep up with your bills, and you're not a lifetime member of the Liberal Hollwyood / Washington / Eurotrash / Environmental Elite, congratulations, you're wealthy!

21 posted on 09/07/2010 5:36:08 PM PDT by kromike
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To: truthandlife

I hate to wish time away but come soon 2012.


22 posted on 09/07/2010 5:36:23 PM PDT by inflorida
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To: truthandlife

uh Bummer people gave you a chance and now see how vile and deceitful you are, campaign mode won’t help you, all your commie friends are going out with you..go away, just go away..


23 posted on 09/07/2010 5:36:30 PM PDT by aeonspromise
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To: truthandlife

Love that creative headline. Should say “...tax cuts.” The wealthy won’t feel it as much as the rest of us tax payer folk.


24 posted on 09/07/2010 5:38:27 PM PDT by al_c (http://www.blowoutcongress.com)
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To: Choose Ye This Day
Hee hee. The Dog is all wee-weed up.

-PJ

25 posted on 09/07/2010 5:39:04 PM PDT by Political Junkie Too ("Comprehensive" reform bills only end up as incomprehensible messes.)
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To: swatbuznik

He knows if he wins and keeps congress he can take the breaks back then, he has lied about everything and now everyone knows he is a vile scum liar..


26 posted on 09/07/2010 5:39:21 PM PDT by aeonspromise
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To: sionnsar
There goes the “recovery”...

----------------------------

They don't call Zer0 Zer0 for nothing. Zero has zero understanding of the Capitalist system. Everything he knows about Communism is make believe designed to take down the Free World during the Cold War.

COKE-2sm

27 posted on 09/07/2010 5:40:12 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: rockvillem

I wonder who Obama thinks creates jobs in this country? It certainly isn’t the poor! But hey, let’ s soak the rich because that will create more jobs!

I guess there is no one in that loony bin who is smart enough to figure it out! The community organizer certainly isn’t.


28 posted on 09/07/2010 5:40:33 PM PDT by kcvl
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To: truthandlife

Obama throws more of his fellow DemonCrats under the bus...


29 posted on 09/07/2010 5:42:03 PM PDT by jimbo123
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To: aeonspromise

What I would love to see is every small business owner that earns over $250K fire an employee to make up the personal tax increase...then do a press release stating why that firing occurred. Blame it on Obammy and the Dems.

Good theater.


30 posted on 09/07/2010 5:42:16 PM PDT by Ethrane ("obsta principiis")
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To: truthandlife

He is all done.


31 posted on 09/07/2010 5:43:49 PM PDT by nhwingut (Palin/Bachmann '12)
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To: COBOL2Java

“If you own a car, pay your rent, or otherwise keep up with your bills, congratulations, you’re wealthy!”

Careful now! Don’t give them any ideals.


32 posted on 09/07/2010 5:45:02 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: COBOL2Java

“If you own a car, pay your rent, or otherwise keep up with your bills, congratulations, you’re wealthy!”

Careful now! Don’t give them any ideals.


33 posted on 09/07/2010 5:45:05 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: sionnsar

“There goes the “recovery”...”

Dang! I must have missed the recovery during my 15 minute power nap with my head on the keyboard a couple of hours ago.


34 posted on 09/07/2010 5:46:57 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: COBOL2Java
That would be me....but it sure is getting tight around here!...Mooo-lah doesn't buy as much and or the packaging of everything is getting smaller....the incredible shrinking economy.
35 posted on 09/07/2010 5:48:29 PM PDT by caww
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To: truthandlife

Punishing the wealthy makes everybody feel so much better about themselves. Doesn’t everybody hate the rich?

Pray for America


36 posted on 09/07/2010 5:48:52 PM PDT by bray (The Tea Party Manual: http://www.brayincandy.com/id239.html)
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To: truthandlife

A good number of people who will be affected helped put this disasterous poser in the White House.

If it wasn’t a decision that will hurt the country and countless good Americans I would say that it serves them right.


37 posted on 09/07/2010 5:50:33 PM PDT by Iron Munro (The extravagance of his hype is matched by the inadequacy of his performance.)
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To: kromike

Well still includes me...but for how long...winters coming and that’s going to be a killer on utility bills for everyone. Guy next door moving our because he won’t pay $400 electric bills another winter...for a two bedrom apartment.


38 posted on 09/07/2010 5:53:26 PM PDT by caww
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To: truthandlife
Hey Barry, read the Constitution and it wouldn't be so difficult to do what is best for you AND for your country.

Haven't you the time to read?

39 posted on 09/07/2010 5:53:38 PM PDT by EGPWS (Trust in God, question everyone else)
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To: kcvl
But hey, let’ s soak the rich because that will create more jobs!

Based on the tone of his speech yesterday I am convinced he believes it to be true and can't handle that so many disagree so strongly.

Pssst, Obie. Frank lied. It doesn't work...

40 posted on 09/07/2010 5:53:57 PM PDT by gov_bean_ counter (Sarah Palin - For such a time as this...)
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