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House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

Councilman

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Sanity wins out over the biggest tax increase in U.S. History and the tax and Spend dreams of the "Trifecta of Doom."

What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.

We don't need more taxes we need less spending. But if your a tax and spend Lefty you have a serious lack of mental acuity.


House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise - FoxNews.com
House Democrats on Thursday passed a bill making middle-class tax cuts permanent as Republicans accused them of playing political games at a sensitive time.

The bill passed 234-188 but stands no chance in the Senate. But House Democrats, who want to let the cuts expire for the wealthy, wanted to publicly stake out their position before compromising on extending the tax cuts for everyone.

Republicans immediately cast the vote as a tax hike on small businesses and families earning over $250,000.
 
Dems unmoved by W.H. statement | POLITICO 44

The White House isn’t overly impressed with Nancy Pelosi’s rapid passage of a measure permanently extending tax cuts only for middle-class earners – or by reports that a deal with the GOP on the cuts is imminent.

In a statement seemingly intended to douse the entire Hill in cold water, White House press secretary Robert Gibbs faintly praised Democrats’ passage of the extension for families making $250,000: “The President continues to believe that extending middle class tax cuts is the most important thing we can do for our economy right now and he applauds the House for passing a permanent extension.”

He quickly added: “But, because Republicans have made it clear that they won’t pass a middle class extension without also extending tax cuts for the wealthy, the President has asked Director Lew and Secretary Geithner to work with Congress to find a way forward. Those discussions started just yesterday and are continuing this afternoon.”

Hill Democrats were unimpressed and said Gibbs’s statement only served to reinforce their fear that the administration had already given up the idea of challenging the GOP to vote for the middle-class cuts – or let all of them expire by the end of the year.

But if a deal is really in the offing, Gibbs warned that it would come later rather than sooner.

“The talks are ongoing and productive, but any reports that we are near a deal in the tax cuts negotiations are inaccurate and premature,” he said.

worst of both worlds---on record for TAX HIKES (in times like these) with ZERO chance of ultimate realization

all the political pain, no gain

why are geithner and lew NEGOTIATING, nancy?

and, mr gibbs, later rather than sooner?

taxes go up on middle earners by about $4000 per year in only THREE WEEKS unless house AND senate pass some IDENTICAL measure---AND the president must sign it

plaudits, ms p!
 
Reid sets tax cut vote as talks continue - Carrie Budoff Brown and Glenn Thrush and Manu Raju - POLITICO.com

The decision to schedule a vote reflects a growing frustration among Democrats as they try to keep the administration from negotiating away their must-do list of legislative initiatives. In repeated meetings this week, White House officials made it clear to Senate Democrats they were willing to accept temporary extensions of the tax cuts for all income groups rather than risk the defeat of the START treaty, according to two Senate staffers familiar with the talks.

But Senate Democrats have expressed concern about whether they would get enough in return for agreeing to a temporary tax cut extension, which many would view as a cave-in on the first major test for Democrats after a midterm election drubbing. "Democrats have been blasting the Bush tax cuts for 10 years. We aren't going to pass up a chance to vote our conscience on them because the White House has decided to negotiate it away for an extension of Ronald Reagan's START treaty," said a Senate Democratic staffer close to the talks.

Senate Democrats emerged from a nearly three-hour caucus meeting Thursday as divided as when they started, with no clear endgame for resolving the partisan standoff over tax cuts. "People were all over the map here," one Democratic senator said. "A lot of very strong opinions were expressed."

The meeting focused exclusively on tax cuts, and a number of senators expressed serious frustration at the willingness of the White House to cave in on a two-year tax cut extension that's unpaid for, saying it was unfair that benefits for the jobless had to be offset but not tax cuts for the wealthy. But others said that their colleagues needed to accept the political reality that the cuts would be extended temporarily — and that the caucus needed to structure the votes so it can get the best political deal possible.

the members are also pissed at leadership's abject SURRENDER on dream and DON'T ASK DON'T TELL

are you sure these people know what they're doing?

party on, progressives, be proud!
 
Sanity wins out over the biggest tax increase in U.S. History and the tax and Spend dreams of the "Trifecta of Doom."

What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.

We don't need more taxes we need less spending. But if your a tax and spend Lefty you have a serious lack of mental acuity.

Curious headline. There is no tax cut. No tax cut is being proposed. The issue is whether or not taxes are going to be increased, which seems to be a message that is escaping even the copy editors.....



.
 
Curious headline. There is no tax cut. No tax cut is being proposed. The issue is whether or not taxes are going to be increased, which seems to be a message that is escaping even the copy editors.....



.

You don't speak Dem?

It goes something like this,
Dem speak RED

[B]The Republicans want to give tax cuts to the rich, but refuse to say how they will pay for them.[/B] Mind you, the tax remains the same. It's not a cut.
But when you say the Dems want to raise taxes on the rich, they say ]NO, we just want to do away with the tax cuts, Bush put in place[/B].Even though taxes would go up.

Got it?
BTW if these taxes are allowed to expire, we will have the highest corporate taxes in the world. People will be flocking here to set up businesses.
 
I know right? Look at all the millionaires and billionaires that we currently have(absurd amount of income inequality) and look at the employment levels! Rich people create jobs for bank tellers when they slap it in the bank! :D
 
Sanity wins out over the biggest tax increase in U.S. History and the tax and Spend dreams of the "Trifecta of Doom."

What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.

We don't need more taxes we need less spending. But if your a tax and spend Lefty you have a serious lack of mental acuity.

Wealthy people don't create jobs just because they have the money to do it. Why is that so hard for conservatives to understand?

If demand is not sufficient to justify a new hire, there isn't going to be a new hire even if the tax rates are 0%.
 
Good, let some of the outrageous Wall Street bonuses pay the freight for a change. :applaud



This just in.

<Senate Democrats are planning to force a vote on the House's just-passed middle-income tax cut bill and a second package to let the Bush tax cuts expire above a new, $1 million tax bracket, according to a Democratic aide >

< The move is a sign of the leadership's frustration -- though both packages will likely be filibustered by Republicans, Dems are loath to simply wait for negotiations with Republicans and the White House to end on terms they suspect will be much more favorable to the GOP than to their own party.>

http://tpmdc.talkingpointsmemo.com/...-will-force-vote-on-middle-class-tax-cuts.php
 
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Good, let some of the outrageous Wall Street bonuses pay the freight for a change. :applaud

This bill is entirely symbolic because the GOP will block it in the Senate.

We'll end up extending the upper class tax cuts and adding billions more to the deficit.
 
This bill is entirely symbolic because the GOP will block it in the Senate.

We'll end up extending the upper class tax cuts and adding billions more to the deficit.

But damn it man, we're worried about the budget! We dont want this debt incumbent on our future generations? Well, I guess that whole idea but after tax cuts on people who really need them ok? :p
 
But damn it man, we're worried about the budget! We dont want this debt incumbent on our future generations? Well, I guess that whole idea but after tax cuts on people who really need them ok? :p

I’m always amazed at how shrill the sound of the bellowing these newly minted budget hawks sounds. :roll:
 
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Surely you can understand the double standard? Or are you just obtuse?
 
I know right? Look at all the millionaires and billionaires that we currently have(absurd amount of income inequality) and look at the employment levels! Rich people create jobs for bank tellers when they slap it in the bank! :D

I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious
 
I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious


Yes. I support the repeal of Bush era tax cuts for people making a million dollars or more. It can help close the budget deficit and its bipartisanship, you know?

"People" like me? I don't have any particular envy of affluent Americans I just think that everyone needs to do their part?
 
Sanity wins out over the biggest tax increase in U.S. History and the tax and Spend dreams of the "Trifecta of Doom."

What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.

We don't need more taxes we need less spending. But if your a tax and spend Lefty you have a serious lack of mental acuity.

People over $250K create the jobs? This has to be one of the biggest myths of the century......

First, we are talking about taxes on personal income, not corporate income. Generally, corporations create jobs (and few pay taxes). The only job creating individuals that you could be talking about are filing as LLC or partners. Lower tax rates to those individuals actually encourage them to take money out of their business RATHER than investing in jobs. With higher tax rates, these persons would beter incented to create the job as it would actually cost them less out of pocket (as they get a tax deduction of the job and a higher tax rate means the tax deduction is worth more.)

Jobs are not created as a result of changing tax rates... they are created when businesses believe that granting a job will create a ROI rooted in increased sales or lower costs. They are created by demand for a product or service. Anyone that has ever done any investment analysis knows the taxes are no better than a tretiary consideration. I, for one, am a job creator. I started a business in 2009. I have 4 full-time employees and 20 part-time employees. Though I once was in the high tax bracket, my business, as a start-up (and person) will pay zero taxes, as I will lose money for the first 18 months. You can double, triple or half taxes and it makes zero difference to my endeavor, as I am chasing a market. Taxes, right now, are almost completely irrelevant as during my start-up phase I pay ZERO taxes (personally or corporately). Moreover, I will pay zero taxes until I fully recover my investment. So, the higher the tax rate, the better that savings to me as we start making money and recovering our investment (really close, thank you)

People that think this tax adjustment on the higher incomes will produce jobs either have no clue how business investment actually occurs, or more likely, are just intellectually dishonest. Are you serious about creating incentives for employment? Trying raising the tax rates on individuals earning...say more than $1.0 million to 50%
 
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I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious

Punishment, by putting it back to where it was ten years ago? :roll:
 
Sanity wins out over the biggest tax increase in U.S. History and the tax and Spend dreams of the "Trifecta of Doom."

What is it about the simple idea that people who make over $250,000 a year are the ones who create the jobs.

We don't need more taxes we need less spending. But if your a tax and spend Lefty you have a serious lack of mental acuity.

If THAT is the case, then there should be ZERO tax break on the individual. BUUUUT there SHOULD be a tax INCENTIVE for small companies and certain medium-sized businesses!!!!!!!
 
I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

You know you're in a hole when you have to lie to make your position look tenable. Best thing to do in a hole, keep digging.
 
This bill is entirely symbolic because the GOP will block it in the Senate.

We'll end up extending the upper class tax cuts and adding billions more to the deficit.

I hope not, I hope they stay on track and look at after the first of the year. Let the whole damn thing revert back to what it was ten years ago and hang the package in boner and no chin. :(
 
I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious
,
Exactly why they should target $1.0M in income (and raise that rate to 50%).
 
Yes. I support the repeal of Bush era tax cuts for people making a million dollars or more. It can help close the budget deficit and its bipartisanship, you know?

"People" like me? I don't have any particular envy of affluent Americans I just think that everyone needs to do their part?

but you support raising taxes on those making more than 200K

do they have a duty to pay down the deficit while those who most caused it to get so big continue to get cuts

what incentive does the other 98% have to reign in spending and shrink the deficit when you dems only want the "rich" to have to pay for it
 
I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious

Ah you're a trial lawyer making too much money. You're biased! :mrgreen:

How do you people sleep at night fleecing people? ;)
 
,
Exactly why they should target $1.0M in income (and raise that rate to 50%).

why should people who already pay far far more than they use face even higher taxes?
 
Ah you're a trial lawyer making too much money. You're biased! :mrgreen:

How do you people sleep at night fleecing people? ;)

You really have no clue what I do.

what sort of job do you have-assuming there is one
 
I guess you cannot figure out that people making 250K to 1 million a year are the ones most hurt by the proposed tax increases

why do people like you hate them so much. Do you get benefits by wanting them punished. Or are you just envious

When something is not needed, people get angry. When people have an large abundance and others live paycheck to paycheck working thier ass off for 12 hours a day plus overtime or somoeone cant even find a job..... and THEN the ones with a large abundance get even MORE breaks..... you can see why people would get ticked.
These individuals deserve ZERO tax gifts. If..... IF.... they own a company.... then the company should get certain tax incentives to grow their business. Then that individual who OWNS that company should be happy as a clam.

Its common sense (only for folks that have it)
 
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