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Thread: Harry Reid Caves - No New Taxes

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    Harry Reid Caves - No New Taxes

    .... you know, John Boehner had a good point on Chris Wallace this Sunday. Compare where we were a year or two ago, right after the passage of Obamacare and with some calling for a second "Stimulus".... to where we are today; with even Democrats discussing the need for Trillions in cuts. Whatever happens, the Tea Party has changed the conversation in America, and for that, good on 'em. )



    ...House Speaker John A. Boehner, Ohio Republican, pitched his colleagues on a plan to raise the borrowing limit by about $1 trillion and match that with similar sized spending cuts — enough to last through the rest of the year, and leaving for later the heavy lifting on taxes and bigger spending items.

    Meanwhile, Senate Majority Leader Harry Reid said he is working on a plan to raise the debt limit by $2.7 trillion, coupled with an equal reduction in projected future spending. In a concession to Republicans, he said that plan would not include tax increases, but that the new debt level would last through the 2012 elections....

    The Associated Press reported that Republicans would release their plan Monday.

    But late Sunday, Mr. Reid said he will not accept a short-term increase, and said talks with Mr. Boehner broke down. He said that’s why he is trying to write a longer-term plan...

    Democrats said that while they think Mr. Boehner is negotiating in good faith, some of his fellow House Republicans would prefer to see the government fail to raise the debt ceiling at all rather than have any taxes raised.

    The GOP, though, repeatedly points to the plan the House passed last week to tie a debt-ceiling increase to deep spending reductions and a promise that a balanced budget amendment to the Constitution be proposed to the states for ratification.

    Democrats in the Senate voted to table that plan Friday, but they have yet to produce a budget or a debt plan of their own.

    Speaker Boehner has already agreed to $800 Bn in increased revenue from closing loopholes but lowering tax rates. We shall see how the Democrats plan comes out as far as that is concerned.
    Last edited by cpwill; 07-25-11 at 11:10 AM.

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    Re: Harry Reid Caves - No New Taxes

    Call the paramedics, I think Reid has had a stroke, or maybe he was replaced with a pod person.

    Liberals have to try to raise taxes to live I thought.

    This is a good thing.

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    Re: Harry Reid Caves - No New Taxes

    Reid was replaced by a Surrogate with Boehner at the helm.


    surrogates-poster.jpg
    Last edited by American; 07-25-11 at 11:38 AM.
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    Re: Harry Reid Caves - No New Taxes

    Per Fark:

    Boehner, Reid work on partisan debt plans. So far, plan includes Reid giving Boehner two of his Railroads, Atlantic Avenue, Ventnor Avenue and Marvin Gardens plus a Get Out of Jail Free Card in exchange for Boardwalk and $300
    Harry Reid to Republicans on the debt ceiling: "We will give you everything you want, and you give us nothing in return. This is my final offer"
    And the sane ones blink. Good job. Twitter, specifically Frank Conniff, had this to say.

    Two stumbling blocks stopping Tea Party from accepting any debt deal: 1. Obama is still president. 2. He's still black.
    Last edited by BDBoop; 07-25-11 at 01:54 PM.

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    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by cpwill View Post
    .... you know, John Boehner had a good point on Chris Wallace this Sunday. Compare where we were a year or two ago, right after the passage of Obamacare and with some calling for a second "Stimulus".... to where we are today; with even Democrats discussing the need for Trillions in cuts. Whatever happens, the Tea Party has changed the conversation in America, and for that, good on 'em. )





    Speaker Boehner has already agreed to $800 Bn in increased revenue from closing loopholes but lowering tax rates. We shall see how the Democrats plan comes out as far as that is concerned.
    closing loopholes while lowering tax rates would probably gain nothing....
    Oracle of Utah
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    Re: Harry Reid Caves - No New Taxes

    But if Jennifer Rubin's sources are correct:

    A Republican aide e-mails me: “The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan. A short-term increase (with cuts greater than the increase), combined with a committee to find long-term savings before the rest of the increase would be considered. Sen. Reid took the bipartisan plan to the White House and the President said no.”

    If this is accurate the president is playing with fire. By halting a bipartisan deal he imperils the country’s finances and can rightly be accused of putting partisanship above all else. The ONLY reason to reject a short-term, two-step deal embraced by both the House and Senate is to avoid another approval-killing face-off for President Obama before the election. Next to pulling troops out of Afghanistan to fit the election calendar, this is the most irresponsible and shameful move of his presidency.
    White House stokes debt-ceiling crisis - Right Turn - The Washington Post

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    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by UtahBill View Post
    closing loopholes while lowering tax rates would probably gain nothing....
    "Closing loopholes but lowering tax rates?" Dumb ****.

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    Re: Harry Reid Caves - No New Taxes

    the 800B was part of the "grand bargain," the obama-boehner plan, the one that fell apart when the white house moved the goal posts (after the gang of 6 came out tuesday) from 800B to 1.2T

    in other words, forget it

    there are no taxes, no revenues, the 800B has moved to zero

    the white house is out

    this deal is facilitated by the removal of obama as a player

    wapo's young and talented ezra klein, founder of journolist, bonafide professional leftist and rachel maddow's favorite metrosexual, this morning:

    We don't yet know what the final deal to raise the debt ceiling will be. But now that Harry Reid is developing a proposal with $2.7 trillion in cuts and nothing in revenues, it's a safe bet that it won't include any tax increases. Which means that whether Republicans realize it or not, they've won. The question now is whether they can stop.

    Originally, the Democratic position was that we should simply raise the debt ceiling. Republicans said "no." There would have to be a deal that reduced the deficit by at least $2.4 trillion -- which is the size of the debt ceiling increase needed to get us into 2013.

    Then the Democratic position was that we should raise the debt ceiling through a deal that reduced the deficit by about $2.4 trillion, with $2 trillion of that coming from spending cuts and $400 billion coming from taxes. Republicans said "no." There would have to be a deal that disavowed taxes.

    Then the Democratic position was that we should raise the debt ceiling through a deal brokered by Barack Obama that reduced the deficit by $4 trillion, with about $3 trillion of that coming from spending cuts and about $1 trillion coming from tax increases. Republicans said "no." There would have to be a deal that disavowed taxes, and it would have to be cut between the congressional leadership of the two parties. Obama couldn't have this as a win.

    That brings us to where we are now. John Boehner is proposing a deal with about $1 trillion in spending cuts and a short-term increase in the debt ceiling and a bipartisan congressional committee charged with developing a large deficit reduction package that would be immune to amendments and filibusters and would be the price of the next increase in the debt ceiling. Harry Reid is developing a package of spending cuts that Democrats could accept and would reach Boehner's $2.4 trillion mark.
    Wonkbook: Republicans have won. But can they stop there? - Ezra Klein - The Washington Post

    since boehner's is a short term deal, we're gonna be debating this next debt ceiling increase all thru the fall and winter, reaching this exact same crisis again next spring

    with the direction this issue is taking (in february, the president published a budget that actually INCREASED borrowing 20%, it was defeated on the senate floor, 97 to 0), we've witnessed some six to eight TRILLION dollars of movement in 6 months, all towards austerity...

    what do you think this debate is gonna look like in 3 months?

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    Re: Harry Reid Caves - No New Taxes

    Here is my prediction. Cuts with no new taxes that takes us past 2012.

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    Re: Harry Reid Caves - No New Taxes

    Frank Schaeffer Explains Why Dominionists Are Driving Debt Ceiling Brinksmanship | Crooks and Liars

    Theology is -- by nature -- not about reason but about faith. If God's will is to be served then so be it if America is plunged into chaos! This debt ceiling fiasco is just another chapter in the "culture" wars.

    The extreme language of Evangelical/"pro-life" rebellion has now been repackaged in the debt ceiling showdown. It is the language of religion pitted against facts.

    And the anti-government charge is being led by people who are either true believers, thus unable to reason, or people catering to the true believers so that they can remain in the good books of the Tea Party, which is nothing more than the Evangelical far right repackaged and renamed.
    Interesting. So the "Moral Majority" is now the Tea Party.

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