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

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

    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.

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

    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!

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

    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!

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

    Quote Originally Posted by Councilman View Post
    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.....



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

    Quote Originally Posted by Cole View Post
    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][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.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

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

    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!
    Don't tread on me= Don't tread on my corporate masters

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

    Quote Originally Posted by Councilman View Post
    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%.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Good, let some of the outrageous Wall Street bonuses pay the freight for a change.



    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/2...s-tax-cuts.php
    Last edited by Donc; 12-02-10 at 11:23 PM. Reason: to add this late breaking news
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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

    Quote Originally Posted by donc View Post
    Good, let some of the outrageous Wall Street bonuses pay the freight for a change.
    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.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Quote Originally Posted by Deuce View Post
    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
    Don't tread on me= Don't tread on my corporate masters

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