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Thread: White House Concedes on Upper Income Tax Cuts

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    White House Concedes on Upper Income Tax Cuts

    Score one for the GOP!

    White House Concedes on Upper Income Tax Cuts - FoxNews.com

    Axelrod, who confirmed to Fox News comments he made to The Huffington Post, suggested that the administration is ready to accept an across-the-board continuation of current tax rates, marking a turnaround from the White House's pre-midterm election stance on impending tax increases.

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    Re: White House Concedes on Upper Income Tax Cuts


    If we keep the pressure on we might avoid lines for toilet paper.

    This is a good start and it shows that if we keep the pressure on and not give an inch ever on any issue we can keep reducing until dead all of the Socialist/Marxists are forced to back off.

    What Obama and the other RADICALS didn't realize is that as much as the Liberals want to be good little Anti-Americans at least for now they they want to stay on the public dole because being in Congress or the Senate because it keeps them from falling back into the Middle Class because they know that inevitably they pay the ultimate price under Socialism/Marxism by either ending up dead or falling the rest of the way in to the proletariat and abject poverty.

    Those in control remain at the top in their standard of living under the isms.

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    Re: White House Concedes on Upper Income Tax Cuts

    The White House had better concede with its idea to end mortgage interest deductions, too, or we're going to have massive foreclosures in the near future.

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    Re: White House Concedes on Upper Income Tax Cuts

    This is very sad that the WH has conceded this important point. Very very sad for the nation.

    Yesterday I was reading the last few chapters in the excellent book THE FOURTH TURNING and it obvious we are in the middle of a serious crisis that will either doom this nation or force it to a better day. Developments like this one makes me think the momentum is swinging towards disaster. Maybe we have to hit rock bottom before we will face reality?
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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by haymarket View Post
    This is very sad that the WH has conceded this important point. Very very sad for the nation.

    Yesterday I was reading the last few chapters in the excellent book THE FOURTH TURNING and it obvious we are in the middle of a serious crisis that will either doom this nation or force it to a better day. Developments like this one makes me think the momentum is swinging towards disaster. Maybe we have to hit rock bottom before we will face reality?
    Yes, certainly extending the Bush Tax cuts for ALL Americans is going to lead us into the firey pits of Hell.

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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by Whovian View Post
    Yes, certainly extending the Bush Tax cuts for ALL Americans is going to lead us into the firey pits of Hell.
    Yes, it will definately extend this time of peace and proseperity that it has led us to...

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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by Erod View Post
    The White House had better concede with its idea to end mortgage interest deductions, too, or we're going to have massive foreclosures in the near future.
    if interest deductions are the only thing keeping them solvent, we mioght as well clean the books of those super high risks anyway.

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    Re: White House Concedes on Upper Income Tax Cuts

    that's nuts, the home interest mortgage deduction can be worth more than $500 per month

    it is housing that brought us here and we can never recover until the market finds its bottom and begins to turn

    eliminating the deduction will explode foreclosures (there are already millions more on the horizon) and depress the already miserable market immeasurably

    meanwhile, concerning the bush tax cuts---the white house ONLY TODAY surrenders

    LOL!

    ie, what has it been waiting for?

    the electoral ass kicking?

    this duck is wholly lame

    leadership NEVER had a plan, provided NO direction on this question so central between every american and INTERNAL REVENUE

    they're TRANSPARENTLY making up their minds ON THE FLY

    NO VISION

    all the party in power has accomplished from its pusillanimous punt two months before TAXES INCREASE MASSIVELY on ALL americans is to MAGNIFY resentment and UNCERTAINTY

    you're STILL not embarrassed by incontrovertible and ubiquitous INCOMPETENCE?

    all but the fringe recognize

    meanwhile, those who SURRENDER can't even do that right

    NationalJournal.com - Axelrod Denies Obama Would Concede Tax Cuts - Thursday, November 11, 2010

    Democrats angry over Obama tax deal talk - Carrie Budoff Brown - POLITICO.com

    i surrender...

    i surrender not

    we tax the rich...

    we tax the rich not

    pathetic, progressives

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    Re: White House Concedes on Upper Income Tax Cuts

    The OP got it wrong. The concession is temporary, which is quote acceptable in exchange for a permanent extension for regular people. Especially since it will give republicans no bargaining chips in a couple of years.

    Obama Open to Tax-Cut Extension for Wealthy - WSJ.com
    WASHINGTON—President Barack Obama is open to accepting a temporary extension of Bush-era tax cuts for the wealthy to ensure the middle-class tax breaks are preserved, White House Deputy Press Secretary Bill Burton said Thursday.

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    Re: White House Concedes on Upper Income Tax Cuts

    This move has been expected by the pundits since the election. No surprise here. The only question is how temporary will the extension be and will the top earners cut be the only one extended on a temporary basis? I've read some pundits expecting the Republicans to try and keep all the cuts on the same time table, so that they are not in a position down the road to be fighting only for tax cuts for the rich.
    Slipping into madness is good for the sake of comparison - Unknown.

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