A) Republicans will not agree to $18B for an extension to unemployment benefits because it isn't paid for/will add to the deficit.
B) Republicans are blocking all legislation unless Dems agree to an extension of Bush tax cuts for the rich which amounts to $700B (which wouldn't be paid for/would add to the deficit).
$18B added to the deficit to help people meet their basic needs is problematic but $700B added to the deficit to help the nation's wealthiest get a few extra percentage points on their financial statement isn't problematic?
Tea Party and GOP:
are u fricking serious?
Wake up America.
Geo
GeoBeach FanaticSanta Rosa Beach, FL2,740 postsJoined View profileMessageBeach Fanatic
2,726 views
Replies
64scooterbug44
scooterbug44SoWal ExpertSowal16,706 postsJoined View profileMessageSoWal Expert
I'm sad that the commission didn't include my plan to tax the politicians. I think that would have been a hit with everyone!
Matt J
Matt JSWGB24,862 postsJoined View profileMessageSWGB
I'm sad that the commission didn't include my plan to tax the politicians. I think that would have been a hit with everyone!
How exactly would you tax politicians? Your comment about that makes a beautiful sound bite, but it's not practical.
Politicians get money from two sources, their salaries and political contributions. If you tax the contributions it just requires them raise more money resulting in more lieing, false promises, and shady fundraising practices.
I'm including fraud and shady stuff in political contributions for those that want to point out the obvious 3rd income source.
scooterbug44
scooterbug44SoWal ExpertSowal16,706 postsJoined View profileMessageSoWal Expert
10% of their campaign contributions go to reduce the debt - this also applies to PACs.
And any money not used after the election is over or if someone chooses not to run is also forfeit. This is to help even the playing field between incumbents and challengers.
So noone in the US pays more taxes as a result of this proposal, the IRS now has a better reason to take a closer look at campaign finances, and a politician caught cheating/not reporting income can end up like Al Capone.
And any money not used after the election is over or if someone chooses not to run is also forfeit. This is to help even the playing field between incumbents and challengers.
So noone in the US pays more taxes as a result of this proposal, the IRS now has a better reason to take a closer look at campaign finances, and a politician caught cheating/not reporting income can end up like Al Capone.
Matt J
Matt JSWGB24,862 postsJoined View profileMessageSWGB
10% of their campaign contributions go to reduce the debt - this also applies to PACs.
And any money not used after the election is over or if someone chooses not to run is also forfeit. This is to help even the playing field between incumbents and challengers.
So noone in the US pays more taxes as a result of this proposal, the IRS now has a better reason to take a closer look at campaign finances, and a politician caught cheating/not reporting income can end up like Al Capone.
No problem, now you just need the lawmakers to approve your plan. While you're at it throw in term limits and no pay raises.
BeachSiO2
BeachSiO2Beach Fanatic3,294 postsJoined View profileMessageBeach Fanatic
POLITICO Breaking News
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The House has passed a bill extending lower- and middle-class income tax cuts on a largely partisan 234-188 vote. The bill would let upper-income tax cuts expire at the end of this year.
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The House has passed a bill extending lower- and middle-class income tax cuts on a largely partisan 234-188 vote. The bill would let upper-income tax cuts expire at the end of this year.
Matt J
Matt JSWGB24,862 postsJoined View profileMessageSWGB
POLITICO Breaking News
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The House has passed a bill extending lower- and middle-class income tax cuts on a largely partisan 234-188 vote. The bill would let upper-income tax cuts expire at the end of this year.
There is a Santa Claus Virginia!
AlphaCrab
AlphaCrabBeach FanaticInlet Beach981 postsJoined View profileMessageBeach Fanatic
There is a Santa Claus Virginia!
Sound like some folks are coming to their senses in D.C.
Eric Baynor and Mitch McConnel's constipation problem has just worsened with this news! :lol:
Lake View Too
Lake View TooSoWal InsiderEastern Lake7,000 postsJoined View profileMessageSoWal Insider
Sound like some folks are coming to their senses in D.C.
Eric Baynor and Mitch McConnel's constipation problem has just worsened with this news! :lol:
They have already pledged to block it from coming to a vote in the senate. It's merely a slight embarrassment for a party that really doesn't have a consceince anyway.
Andy A
Andy ABeach FanaticBlue Mountain Beach4,389 postsJoined View profileMessageBeach Fanatic
Conscience or not its dead when it hits the Senate.
Lake View Too
Lake View TooSoWal InsiderEastern Lake7,000 postsJoined View profileMessageSoWal Insider
Conscience or not its dead when it hits the Senate.
So, it's doesn't matter to you whether it is good or just legislation, only that the Republicants block another bill. What happens when the real deficit reducing bills hit the hill next year? Nothing? That's what I thought.
30ashopper
30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal Insider
So, it's doesn't matter to you whether it is good or just legislation, only that the Republicants block another bill. What happens when the real deficit reducing bills hit the hill next year? Nothing? That's what I thought.
Nanci apparently didn't learn anything from the drubbing her party took this last election, namly that people are sick and tired of seeing liberal dems shove bills through congress on partisan votes. She could have brought a bill to the floor that would pass both the house and the senate.. but alas, she isn't interested in passing legislation, she's just looking for brownie points with progressives.
I am so very very happy the 2010 congressional term is about to come to an end, the country will be better off.
Edited
scooterbug44
scooterbug44SoWal ExpertSowal16,706 postsJoined View profileMessageSoWal Expert
Team Blue versus Team Red aside, what is SO wrong with this bill?
Does it have zero merit?
We are all worried about the deficit and the economy.
IMO we can't afford tax cuts for all, but I do worry about the added economic burden to low earners, so I think this is okay FOR NOW.
And kudos to the 23 Congressmen and women who had the guts to vote against their party on the issue. (20 dem, 3 repub)
Does it have zero merit?
We are all worried about the deficit and the economy.
IMO we can't afford tax cuts for all, but I do worry about the added economic burden to low earners, so I think this is okay FOR NOW.
And kudos to the 23 Congressmen and women who had the guts to vote against their party on the issue. (20 dem, 3 repub)
BeachSiO2
BeachSiO2Beach Fanatic3,294 postsJoined View profileMessageBeach Fanatic
Here's the latest from The Hill
Democrats are expected to discuss a plan to hold test votes on several tax proposals.
One proposal would be to extend the Bush tax cuts only for families earning less than $250,000; the second, sponsored by Sen. Chuck Schumer (D-N.Y.), would extend tax rates only for families earning less than $1 million; a third proposal sponsored by Senate Republican Leader Mitch McConnell (Ky.) would extend rates for all tax brackets.
Each of the three measures is expected to attract fewer than the 60 votes needed to overcome procedural hurdles.
Lawmakers are then expected to vote on a fourth proposal put together by Treasury Secretary Timothy Geithner, White House budget director Jack Lew and four congressional negotiators. They are considering a tentative deal that would extend all of the Bush tax cuts for only two years and extend federal unemployment insurance for a year, according to congressional sources.
Democrats are expected to discuss a plan to hold test votes on several tax proposals.
One proposal would be to extend the Bush tax cuts only for families earning less than $250,000; the second, sponsored by Sen. Chuck Schumer (D-N.Y.), would extend tax rates only for families earning less than $1 million; a third proposal sponsored by Senate Republican Leader Mitch McConnell (Ky.) would extend rates for all tax brackets.
Each of the three measures is expected to attract fewer than the 60 votes needed to overcome procedural hurdles.
Lawmakers are then expected to vote on a fourth proposal put together by Treasury Secretary Timothy Geithner, White House budget director Jack Lew and four congressional negotiators. They are considering a tentative deal that would extend all of the Bush tax cuts for only two years and extend federal unemployment insurance for a year, according to congressional sources.
30ashopper
30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal Insider
Here's the latest from The Hill
Democrats are expected to discuss a plan to hold test votes on several tax proposals.
One proposal would be to extend the Bush tax cuts only for families earning less than $250,000; the second, sponsored by Sen. Chuck Schumer (D-N.Y.), would extend tax rates only for families earning less than $1 million; a third proposal sponsored by Senate Republican Leader Mitch McConnell (Ky.) would extend rates for all tax brackets.
Each of the three measures is expected to attract fewer than the 60 votes needed to overcome procedural hurdles.
Lawmakers are then expected to vote on a fourth proposal put together by Treasury Secretary Timothy Geithner, White House budget director Jack Lew and four congressional negotiators. They are considering a tentative deal that would extend all of the Bush tax cuts for only two years and extend federal unemployment insurance for a year, according to congressional sources.
Hmm this could be good, I'm guessing under Geithner's proposal we won't have to pay any taxes at all. That's the way he rolls. 😀
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