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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
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1 posted on 11/12/2012 8:07:14 AM PST by SeekAndFind
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To: SeekAndFind

But Kristol - and much of Washington - misses the point. It’s not that raising tax rates would break the rich. Money is not the issue. Nor will raising rates on the wealthy impede economic growth - such as it is. That is not the issue either.

The point is, we don’t have a revenue problem, we have a spending problem. It’s a simple, common sense principle:

Don’t raise taxes until you have to. And that means, cutting every last dollar from the budget that can be safely squeezed out of it before thinking about raising taxes on anybody to balance the budget.


2 posted on 11/12/2012 8:08:30 AM PST by SeekAndFind
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To: SeekAndFind

Even if it “wouldn’t kill the country” Bill . . if you cave on this, you think they’ll stop at the % and level of taxable incomes?

Or will that just encourage them further?


3 posted on 11/12/2012 8:08:55 AM PST by A_Former_Democrat
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To: SeekAndFind

Was it Kristol’s grandfather that said it won’t kill if they kill the jews.


4 posted on 11/12/2012 8:11:21 AM PST by School of Rational Thought (Fun for women ages 21 through 35)
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To: SeekAndFind

Get ready, folks. Nothing “conservative” will happen. Here comes Obamacare, amnesty, and higher taxes. Forget about cutting spending.


5 posted on 11/12/2012 8:12:06 AM PST by jch10 (7th generation Floridian)
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To: SeekAndFind

Kristol, a “Conservative” Commentator?......gag me


6 posted on 11/12/2012 8:12:49 AM PST by stickywillie (8)
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To: SeekAndFind

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.

But I see some merit in giving Obama what he wants if only to demonstrate to the public that his “solutions” are nothing of the sort.

Here is an idea I have completely not thought through: why not make any tax increase “temporary”?


7 posted on 11/12/2012 8:14:16 AM PST by Mr. Bird
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To: A_Former_Democrat

We raise taxes and OBAMA spends it...what FOOLS...may be have a one year tax increase if we can get the 800 billion stimulus out of the budget..and cuts so the deficit goes below 300 billion...It is really OBAMACARE....less revenue to the government because unemployment will go up..plus OBAMACARE taxes..


8 posted on 11/12/2012 8:15:37 AM PST by Hojczyk
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To: Mr. Bird

I read that the richest zip codes all went for Obama. You know what -screw em - let em get what they voted for.


9 posted on 11/12/2012 8:15:46 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: jch10

“Fiscal Cliff”

devastating crash, no entitlements, social upheaval.

No way to avoid it, and I don’t think we really want to,

because “through” is the only way out.


10 posted on 11/12/2012 8:15:56 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: jch10

I agree w Kristol but go further. Let the tax rates on EVERYONE rise, along w spending cuts - real or illusory.

Let’s go to sequester.

Let Obama and Reid own ALL of the disaster that ensues.


11 posted on 11/12/2012 8:16:44 AM PST by mwl8787
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To: A_Former_Democrat

Exactly. It might not “hurt” them much initially, but it won’t do anything to help the economy, either, and very possibly hurt it.

So when liberals discover that say, a 10% increase on taxes to the “rich” doesn’t work, they’ll raise it by 20%. Then 50%. Then . . . the sky is the limit.


12 posted on 11/12/2012 8:17:14 AM PST by rightwingintelligentsia (Be careful of believing something just because you want it to be true.)
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To: SeekAndFind
This is what America voted for. Now give them tax increases!

Raise the taxes of the Hollywood elites.

Raise the taxes of the Silicon Valley Obama enthusiasts.

Raise the taxes of the Warren Buffets and other limousine liberals who have been begging for the government to take their wealth.

Now having siad that, these same “wealthy” types out to be prosecuted if they attempt to shelter their assets offshore following the increase. George Lucas, the hypocrite, comes to mind.

13 posted on 11/12/2012 8:18:08 AM PST by Obadiah (Americans lusted for Obama. Give them Obama! Everything he Constitutionally asks for.)
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To: Mr. Bird

RE: why not make any tax increase “temporary”?

WATCH CALIFORNIA. That is what Proposition 30 (which the Californians passed ) is all about. A “temporary” tax increase on millionaires.

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

Also how many are willing to bet that the “rich” will be defined down to $100,000 and less?

“The closest thing to eternal life on earth is a government program” — Ronald Reagan.


14 posted on 11/12/2012 8:18:52 AM PST by SeekAndFind
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To: SeekAndFind
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.

First - that isn't a new idea. It's been around since Karl Marx and FDR, and it's been destroying economic freedom for decades.

15 posted on 11/12/2012 8:18:56 AM PST by VRWCmember
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To: SeekAndFind

It “won’t kill me” if Kristol will be struck dumb!


16 posted on 11/12/2012 8:20:12 AM PST by zerosix (Native sunflower)
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To: SeekAndFind
Kristol's point was that most "millionaires" vote Democrat.

Let them reap what they sow.

A conservative is just a Liberal who got mugged, after all.

Let there be mugggings!

17 posted on 11/12/2012 8:23:30 AM PST by E. Pluribus Unum (Government is the religion of the psychopath.)
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To: SeekAndFind

Obama still has no plan. His last attempt at a budget got exactly zero votes in the House and Senate. Let him put his tax and spending plan in writing in the open for all to see and review.

Given his and Reid’s success in getting budgets passed over the last 4 years, let these power-hungry thieves put a plan in writing first. I know it’s asking for much, but the Republicans owe nothing in concessions. It is the up to the President to take the lead. As we all know, he is incapable of leadership. No reason to take the lead of surrender monkeys like Kristol and let Obama and Reid off the hook.


18 posted on 11/12/2012 8:24:27 AM PST by untwist
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To: A_Former_Democrat

Oh, sure, by all means, raise the tax rate on the top bracket of tax payers. Just let the old tax rates, those that were replaced by the “Bush tax rates”, revert to their former level, all up and down the scale.

The bracket that was 10%, becomes 15%. The next bracket, that was 25%, becomes 28%. 28% becomes 31%. 33% becomes 36%. The top rate, 35% becomes 39.6%.

Yeah, we need to kick those rich guys’ collective butts.

How come kicking THEIR butts gives US the nosebleed?


19 posted on 11/12/2012 8:24:33 AM PST by alloysteel (Bronco Bama - the cowboy who whooped up and widened the stampede.)
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To: SeekAndFind
Did we not make a deal with the democrats and Obama last year when the debt ceiling was raised. And raised against the will of a large part of the Republican base. So now the GOP is going to back out of the deal? A deal approved and signed By Obama and vote for by lots of Democrats?

So please explain to me why I should believe or support anything that the GOP says? We have a deal that cuts spending, stick to the deal. Make a new deal for more spending cuts when once again the debt ceiling has to be raised in a couple of months.

20 posted on 11/12/2012 8:24:44 AM PST by jpsb
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