Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Kristol: It won't kill us if we raise taxes on millionaires (Shut Up Bill!)
American Thinker ^ | 11/13/2012 | Rick Moran

Posted on 11/12/2012 8:07:06 AM PST by SeekAndFind

This is called surrendering before the war starts: Conservative commentator and Weekly Standard editor Bill Kristol said Sunday the Republican Party should accept new ideas, including the much-criticized suggestion by Democrats that taxes be allowed to go up on the wealthy.

*****

"It won't kill the country if we raise taxes a little bit on millionaires," he said on "Fox News Sunday." "It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer."

"Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood and are hostile?" he asked.

One of the biggest fights as Congress returns will be over taxes, as cuts put in place by former President George W. Bush are set to expire at the end of the year. Republicans want to extend those tax cuts for all income brackets, while Democrats want to raise revenue by allowing them to expire for wealthy Americans.

Exit polls last week found that six in ten voters supported ending the tax cuts on the wealthy, but House Republicans have remained adamantly opposed to allowing any of the rates to expire, instead supporting other changes to the tax code. House Speaker John Boehner (R-Ohio) indicated on Friday that was unlikely to change.

*****

First of all, if Kristol wants to go belly up and grovel before Obama before negotiations even begin, that's his business. Leave the rest of us out of it.

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


TOPICS: Constitution/Conservatism; Culture/Society; Government; News/Current Events
KEYWORDS: bho44; billkristol; kristol; millionaires; taxandspend; taxes; taxincrease; taxtherich; trump
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-70 next last
To: SeekAndFind

"It won't kill the country if we raise taxes a little bit on millionaires..."

Ah yes, the ever-prescient Mr. Kristol. The man who accurately told us all how the Democracy Movement in Egypt was going to bring peace and prosperity to the Mideast...

21 posted on 11/12/2012 8:25:25 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mr. Bird
I’m cutting Kristol some slack for this. I completely agree in principle that the issue is spending, and that agree in fact that raising taxes on the rich will have negligible impact.

I agree. I don't see attempting to raise taxes on millionaires (they'll avoid paying it) as a big issue. We don't have a conservative majority. The debt is going to destroy us. Give them their millionaires tax in return for real cuts.

22 posted on 11/12/2012 8:26:00 AM PST by bkepley
[ Post Reply | Private Reply | To 7 | View Replies]

To: SeekAndFind

FU Bill!

http://confoundedinterest.wordpress.com/2012/11/11/sen-corker-optimistic-there-is-a-deal-to-get-beyond-fiscal-cliff-which-is-really-the-fiscal-foothills/


23 posted on 11/12/2012 8:26:05 AM PST by whitedog57
[ Post Reply | Private Reply | To 1 | View Replies]

To: Obadiah

Dead on. Tax Hollywood movies 90%, Buffet can pay 90% on all holdings, etc. Let’s get back to the 1950’s 90% tax on the rich but remove all deductions. Why not? While we are at it, tax everyone else 50%. If 36% is good, then more must be better.

Give the liberals what they want even if they don’t understand it until they do understand it.


24 posted on 11/12/2012 8:27:29 AM PST by CodeToad (Padme: "So this is how liberty dies... with thunderous applause.")
[ Post Reply | Private Reply | To 13 | View Replies]

To: E. Pluribus Unum

“A conservative is just a Liberal who got mugged, after all. Let there be mugggings!”

Well said! Worth repeating! Until the liberals feel protective of their lives and fortunes they will continue to call for the taking of ours!


25 posted on 11/12/2012 8:29:02 AM PST by CodeToad (Padme: "So this is how liberty dies... with thunderous applause.")
[ Post Reply | Private Reply | To 17 | View Replies]

To: SeekAndFind

Taxing the rich is a tag line that will make little difference in the economy-the truth is, the rich don’t have enough money to fix it. And the government’s insatiable lust for spending will never be curbed by more revenue, which will mostly likely only serve to increase spending. Like a drug addict on a binge, the only thing that will instill restraint will be a total collapse of the economy, which Obama’s re-election will only serve to hasten.


26 posted on 11/12/2012 8:29:02 AM PST by Spok
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia

How is France’s private sector doing under these tax-the-rich policies?


27 posted on 11/12/2012 8:30:29 AM PST by Viennacon
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind
How many are willing to bet that this “temporary” tax increase will be permanent?

The libs in AZ were enraged when their favorite 'temporary' 1% tax surcharge was not made permanent in the election this year. One of the most effective ads against the renewal was a video of two state senators piously promising this would only be temporary, immediatley folloewed by newer footage of both of them insisting it was always supposed to be permanent, for the children you know.

As for Kristol, he is correct that the tax itself wont destroy anything, but it is also correct to say it wont fix anything. It will just serve to de-motivate a few more small business owners. And maybe that is the real goal.

28 posted on 11/12/2012 8:32:22 AM PST by AzSteven ("War is less costly than servitude, the choice is always between Verdun and Dachau." Jean Dutourd)
[ Post Reply | Private Reply | To 14 | View Replies]

To: SeekAndFind

One point that is seldom made is that the “tax on millionaires” will be a tax on their income, not their worth or assets.

For the majority of them, they can move their income to the poverty level and continue to live the life to which they are accustomed.


29 posted on 11/12/2012 8:34:22 AM PST by Cletus.D.Yokel (Bread and Circuses; Everyone to the Coliseum!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CodeToad
Take a look at the economy and general condition of California, a liberal microcosm.

Now look at N. Dakota, a conservative microcosm.

Hmmm....Now which state better off?

If you guessed Dakota, you guessed correctly.

30 posted on 11/12/2012 8:36:17 AM PST by Wyrd bið ful aræd (Gone Galt, 11/07/12)
[ Post Reply | Private Reply | To 24 | View Replies]

To: SeekAndFind
It’s not that raising tax rates would break the rich. Money is not the issue.

I agree. So it should be used as a bargaining chip. If they can get something that will help the economy more than the tax hit will hurt it's worth a deal.

Big IF I know.

31 posted on 11/12/2012 8:38:12 AM PST by DManA
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind
Does Bill have any idea that they're calling those with adjusted gross incomes are $250k are "millionaires" these days?

Does any thinking person really believe the definition will not be lowered further, since thats where the real money is?

32 posted on 11/12/2012 8:40:12 AM PST by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Mr. Kristol,
the reason we oppose higher taxes is because they are already so incredibly high that they are choking off the American economy and killing jobs.
Raising them further will only push more people onto the dole.

What we need to do is LOWER taxes significantly (cutting dysfunctional and.or wasteful spending to bring the resulting budget into balance).

We would normally look to you in your position to be championing LOWERING taxes, not giving cover or “enabling” the communist left to further raise them!

Please reconsider.


33 posted on 11/12/2012 8:40:12 AM PST by faithhopecharity
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wyrd bið ful aræd

This might be our best option. All the freedom loving folks concentrate in a few freedom loving states to be run for the sake of freedom. Of course these states will become stinking rich so it’ll be a battle to fight off the rest of the blue hoards but.....


34 posted on 11/12/2012 8:40:47 AM PST by DManA
[ Post Reply | Private Reply | To 30 | View Replies]

To: SeekAndFind

Fred Barnes and Kristol are going with glass half full optimism, after Barnes was SO wrong and neither apparently will not be feeling it in their pocket books like the rest of us. A good ‘buying opportunity’ in stocks for them. Where in Manhattan or Westchester suburb do they live? Aargh.


35 posted on 11/12/2012 8:44:32 AM PST by madameguinot (Our Father's God to Thee, Author of Liberty)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DManA

Tennessee does not have an income tax, and it is a ‘right to work’ state. Republicans control everything. An excellent state for growing your own food. Any downsides, beside Nashville and Memphis?


36 posted on 11/12/2012 8:44:52 AM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: GlockThe Vote

I agree. Let ‘em all expire. Every stinking tax cut. They can argue about it till forever, but just do it, and see what happens. And cut all the loopholes too. And we want to see Reid’s and Pelosi’s tax returns. It will give us good ideas as to where to start closing them.


37 posted on 11/12/2012 8:46:13 AM PST by Qwackertoo (Going into Politic Free Zone Momma Grizzly hibernation for a while after this week, maybe forever.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: SeekAndFind
Why is it that they keep talking about taxes on "millionaires and billionaires" when the reality is that the tax increase will only be on THOUSANDAIRES i.e. regular folks whose business incomes are $250k and higher.

Those "M's and B's" that voted for Obama don't have regular income!!!!!

38 posted on 11/12/2012 8:46:40 AM PST by Mygirlsmom (Franklin was right - we couldn't keep it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: who knows what evil?

Property taxes a little high. Live in a more rural area and only pay county taxes, not county AND city.


39 posted on 11/12/2012 8:47:28 AM PST by Qwackertoo (Going into Politic Free Zone Momma Grizzly hibernation for a while after this week, maybe forever.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Qwackertoo

I looked at the data and most of those who would be effected by obama’s tax hike on the “rich” voted for him. Good - let them eat tax hikes for all i care.


40 posted on 11/12/2012 8:49:43 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
[ Post Reply | Private Reply | To 37 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-70 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson