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Keyword: deal

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  • The Budget Deal May Collapse

    04/12/2011 12:39:47 PM PDT · by OldDeckHand · 59 replies
    Commentary ^ | 04/12/2011 | John Podhertz
    The big news today is that the $38.5 billion in budget cuts announced with such fanfare on Friday night mostly aren’t real. A good deal of it involves money from previous years and previous budgets that hasn’t actually been spent. As the AP puts it, the budget deal is financed with a lot of one-time savings and cuts that officially ‘score’ as savings to pay for spending elsewhere, -snip- The total amount actually cut appears to be somewhere between $8 and $14 billion. The politics here are very complicated now. On the one hand, polls suggest the public is overwhelmingly...
  • Reid: Abortion issue is preventing a budget deal

    04/08/2011 6:51:10 AM PDT · by TSgt · 52 replies
    CNN (Sorry) ^ | April 8, 2011 9:31 a.m. EDT | Alan Silverleib and Tom Cohen
    Washington (CNN) -- Senate Majority Leader Harry Reid, D-Nevada, said Friday morning that the abortion issue is the lone remaining stumbling block for negotiators trying to reach a budget agreement that would prevent a government shutdown. "This all deals with women's health. Everything (else) has been resolved. Everything," Reid said. "It's an ideological battle. It has nothing to do with fiscal integrity in this country." Republicans have been pushing to strip federal funding from Planned Parenthood during the budget talks. But a spokesman for Speaker John Boehner, R-Ohio, immediately disputed Reid's assertion. "While nothing will be decided until everything is...
  • Newt Gingrich tells Georgia Republicans he’ll be a candidate in ‘12

    01/21/2011 2:31:58 PM PST · by Bigtigermike · 71 replies
    AJC ^ | Friday January 21, 2011
    In the last 24 hours, former U.S. House speaker Newt Gingrich has touched base with several prominent Republicans in his former home state, telling them that he intends to make a run for president in 2012 using Georgia as his base – and that he already has his eye on office space in Buckhead for a campaign headquarters. Former U.S. House speaker Newt Gingrich Gingrich met on Thursday with Nathan Deal, whom Gingrich endorsed during a critical phase of last year’s Republican primary for governor. House Speaker David Ralston introduced Gingrich Thursday night at a downtown Atlanta affair hosted by...
  • CHICAGOLAND: Obama Said to Consider William Daley for Top White House Post

    01/03/2011 1:55:08 PM PST · by saganite · 85 replies
    Drudge ^ | 3 Jan 11 | staff
    Headline only
  • Biden: Obama tax deal 'morally troubling'

    12/20/2010 9:42:48 AM PST · by Nachum · 26 replies
    Washington Times ^ | 12/20/10 | Joseph Weber
    Vice President Joseph R. Biden Jr. on Sunday defended what he acknowledged as a "morally troubling" decision by President Obama to extend tax rates for all Americans as part of wide-ranging interview on key national and international issues. Mr. Biden said the president still thinks extending the George W. Bush-era rates for the country's highest wage-earners, along with everyone else, is "morally troubling." He said the president broke his 2008 campaign promise on the issue to help only the middle class. "We couldn't get it done," he said in a pre-taped interview that aired Sunday on NBC's "Meet the Press."...
  • No Deal on the Tax Deal

    12/16/2010 5:40:26 AM PST · by Rashputin · 31 replies · 1+ views
    American Thinker ^ | December 16, 2010 | Randall Hoven
    No Deal on the Tax DealBy Randall Hoven Charles Krauthammer, Mike Pence, and Mitt Romney are right. Paul Ryan and Chris Christie are wrong. The proposed tax deal is not the best deal achievable. Doing nothing is better. The logic in favor of the tax deal (from conservatives) is understandable: It is not exactly what we wanted, but it is the best deal we can get, and it is better than no deal at all. The idea is that the current tax rates are extended for everyone, which is what we wanted. While other stuff, undesirable stuff, was added, the...
  • Dem rep: Obama told us if the tax deal doesn’t pass, it’s the end of his presidency

    12/15/2010 5:27:53 PM PST · by 2ndDivisionVet · 76 replies
    Hot Air ^ | December 15, 2010 | Allahpundit
    Alternate headline: “Blogger now opposes tax deal.” Seriously, though: Is this true or a clever lie by DeFazio? “The White House is putting on tremendous pressure, making phone calls, the president is making phone calls saying this is the end of his presidency if he doesn’t get this bad deal,” he told CNN’s Eliot Spitzer. Obama’s push shows that the president is going to the mat in order to push through Congress the compromise brokered with Republicans. During the end of the healthcare debate, Obama reportedly told Democrats upset that the bill did not contain a public healthcare option that...
  • George W. Bush: Stop Calling Them "Bush Tax Cuts"

    12/14/2010 10:00:01 AM PST · by Libloather · 21 replies
    CBS News ^ | 12/14/10 | Mary Dooe
    George W. Bush: Stop Calling Them "Bush Tax Cuts"Posted by Mary Dooe December 14, 2010 10:59 AM George W. Bush suggested in a radio interview on Monday that the debate over extending tax cuts in Washington might be made easier by using a phrase other than "Bush tax cuts." In the interview, conservative talk radio host Scott Hennen said that three of the most used words in politics in the last few months have been "Bush tax cuts." That's because of the debate raging over whether and how to extend the cuts, which were established in 2001 and 2003 and...
  • 8 Facts about the Obama/GOP tax compromise

    12/14/2010 10:14:23 AM PST · by ssugasl231 · 29 replies · 2+ views
    1 The "cost" of the bill is $857 billion...over 10 years = $85 billion/year 2 $85 billion/year is 2% of spending (proposed to be $3830 billion this year) 3 $721 billion out of $857 billion, or 84% of the bill, are keeping the tax cuts. Is this really "spending" to keep our own $? 4 Extending the estate tax "costs" $68 billion over 10 years, or $6.8 billion/year. That is 0.1% of spending this year. 5 Extending unemployment insurance costs $56 billion over 10 years, or $5.6 billion/year. 6 The payroll tax holiday costs $111 billion over 10 years, or...
  • Boehner faces historic decision on 2010 tax-cut Christmas tree

    12/13/2010 8:37:36 AM PST · by Hojczyk · 37 replies
    Washington Examiner.com ^ | December 12,1012 | Hugh Hewitt
    Boehner is a tough, wily and underestimated son of Ohio, one of 12 children, a product of Catholic schools, a Bishop Moeller Crusader through and through. He is said to be loyal to his friends and to the traditions of the House, and last week he promoted three long-serving Republicans to the leadership of three committees where various sets of reformers had hoped to see new faces for a new era. Tea Party activists are outraged and, worse by far, the Pledge to America that Boehner and his colleagues promulgated on a House Web site as binding on the Republicans...
  • Tax bill deal becoming a Christmas tree of goodies

    12/11/2010 3:21:02 PM PST · by Steelers6 · 68 replies · 4+ views
    Illinois Review ^ | December 11, 2010 | Nancy Thorner
    Tax bill deal becoming a Christmas tree of goodies by Nancy Thorner A test vote will happen this coming Monday, December 13, on the 74-page tax deal worked out between Democrat and Republican leadership. Sixty votes are needed in the Senate for debate to begin. This past Friday President Obama brought former President Bill Clinton into the White House to try to persuade wayward Democrat legislators to support the tax compromise.bill as the best deal Democrats could hope to get, where he upstaged Obama. But are Democrats really satisfied? Similar to what happened with Obamacare, much horse trading is going...
  • I Didn't Vote For A Christmas Tree

    12/11/2010 6:19:43 AM PST · by Hojczyk · 11 replies
    Powerline ^ | December 10,1012 | John Hinderaker
    For several years, I have assumed that my taxes, and those of many millions of Americans, would skyrocket in 2011. So when I first learned the terms of the compromise between the President and the Republican leadership--most of the Bush-era tax rates made permanent, tax rates for upper-income taxpayers extended for two years, a one-year two percent payroll tax holiday, long a favorite conservative policy--I thought, and wrote, that it was an excellent deal for conservatives. Since then, however, the deal has steadily worsened, to the point where even the Associated Press says that "Add-ons turn tax cut bill into...
  • Senate moving fast on $858 billion tax plan

    12/10/2010 11:24:35 AM PST · by Ernest_at_the_Beach · 33 replies
    MarketWatch ^ | Dec. 10, 2010, 10:40 a.m. EST | Jeffry Bartash, MarketWatch
    Lawmakers extend tax breaks, credits on energyWASHINGTON (MarketWatch) — The Senate is moving swiftly to pass a broad tax package estimated to cost $858 billion over 10 years after lawmakers put the finishing touches on the bill Thursday night. The final Senate bill extends a number of tax benefits not included in earlier drafts such as renewed ethanol subsidies, credits for green-energy development and the purchase of energy-efficient appliances, among other things. Most of the cost of the tax bill, though, is tied to the extension of lower Bush-era tax rates on individuals, dividends and capital gains. The bill also...
  • Washington's tax deal pumps more money into economy

    12/08/2010 6:10:28 AM PST · by WOBBLY BOB · 24 replies
    pioneer press ^ | 12-8-10 | AP
    WASHINGTON — The tax deal struck by President Barack Obama and congressional Republicans essentially gives Americans a pay raise — pumping money into the economy almost immediately, probably creating hundreds of thousands of jobs over the next two years and raising economic growth, economists say. But it also will dramatically raise the federal deficit. The compromise already has economists raising their forecasts for growth next year, mainly because it includes a surprising one-year cut in Social Security taxes. The amount of that cut — 2 percent of pay for most American workers — instantly becomes more take-home money. Critics complain...
  • Hill Dems infuriated by W.H. tactics

    12/07/2010 9:57:37 AM PST · by ColdOne · 21 replies
    Politico44 ^ | 12/07/10 | GLENN THRUSH
    A nasty battle of the blind quotes is shaping up between the West Wing and Democratic leadership aides on the Hill. Congressional Democrats are not so very thrilled with the message emanating from President Obama’s aides in the wake of the White House-GOP tax-cut deal – with one senior staffer accusing the president’s team of caving, then blaming congressional Democrats for lacking spine.
  • Latest on the Tax Deal: Payroll Tax Cut, Estate Tax Back

    12/06/2010 3:36:56 PM PST · by ejdrapes · 176 replies · 2+ views
    NRO ^ | December 6, 2010 | Daniel Foster
    Latest on the Tax Deal: Payroll Tax Cut, Estate Tax BackDecember 6, 2010 4:45 P.M. By Daniel Foster     What we’re hearing: A two-year extension of all current income, dividend, and capital gains tax rates, plus a one-year (or 13 month) extension of unemployment insurance. Chuck Todd reports that the tax deal could include a payroll tax holiday. But Marc Ambinder reports that it will instead include a two percent two percentage point reduction in payroll tax that would replace President Obama’s favored Making Work Pay tax credit, and a reinstatement of the estate tax over a certain yet-to-be-decided threshold. Multiple reports...
  • PM asks for Pollard’s release as part of freeze deal

    11/20/2010 9:01:47 PM PST · by Nachum · 48 replies
    jpost.com ^ | 11/20/10 | gill hoffman
    ‘Post’ told of new bid for jailed agent’s release on 25th anniversary of his arrest, with support of notable American and Israeli officials involved in Pollard's arrest. Prime Minister Binyamin Netanyahu has asked the US to release Israeli agent Jonathan Pollard as part of a series of gestures made to Israel in an effort to restart peace talks with the Palestinians, sources with knowledge of the talks told The Jerusalem Post over the weekend. Sunday is the 25th anniversary of Pollard’s arrest at the gates of the Israeli Embassy in Washington. He is serving a life sentence in prison in...
  • GOP rides wave to control every statewide office (Georgia)

    11/03/2010 5:56:25 AM PDT · by Pan_Yan · 11 replies
    AJC ^ | November 2, 2010 | Aaron Gould Sheinin
    Georgia Republicans on Tuesday finished the job they started in 2002: consolidating control of state government by sweeping every major statewide office. For the first time since Reconstruction the state is poised to have no statewide-elected Democrats. The huge night for state Republicans follows a GOP wave that swept across the country and tilted the U.S. House of Representatives into GOP control and left Democrats with a narrow margin in the U.S. Senate. With most of the votes in Georgia counted Tuesday night, the Republicans held leads in races for U.S. senator, governor, lieutenant governor, attorney general, insurance commissioner, secretary...
  • (GA) Deal attacks Barnes' comments on immigration

    09/22/2010 7:56:27 AM PDT · by Tennessee Nana · 10 replies
    ChattanoogaTimesFreePress ^ | September 21, 2010 | Adam Crisp
    DALTON, Ga. — Former U.S. Rep. Nathan Deal today slammed former Georgia Gov. Roy Barnes’ position on illegal immigration. Deal said there are clear contrasts between the two candidate’s records. He cited a 2001 newspaper article in which then-Gov. Barnes said former Mexican President Vicente Fox and then-President George W. Bush should restart immigration talks about possible citizenship for some illegal immigrant workers. “Roy Barnes has a proven track record of promoting services for illegal aliens such as welfare programs, tuition assistance and even driver’s licenses,” Deal said while speaking at Dalton City Hall. “Only now is Mr. Barnes changing...
  • 'Israel mulls deal to extend freeze for Pollard's release'

    09/20/2010 2:34:21 PM PDT · by Nachum · 98 replies
    Jerusalem Post ^ | 9/20/10 | Staff
    Sources in the PMO submit deal to US by which Israeli spy would be freed in exchange for 3 month extension of moratorium, Army Radio reports. Senior Israeli officials are considering a deal in which the moratorium on building in West Bank settlements would be extended for three months in exchange for the release of convicted Israeli spy Jonathan Pollard from the United States, Army Radio reported Monday.