Jump to content

9 posts in this topic

Recommended Posts

Filed: Country: Philippines
Timeline
Posted

President Obama hosted a meeting at the White House with the leadership of both parties, from both chambers, and the discussion reportedly turned to Bush's tax cuts. GOP leaders want all the cuts to remain in place, no matter how many billions of dollars it adds to the deficit. The president wants to keep the cuts for everyone except the very wealthy. By all accounts, the chat wasn't especially constructive, but I was glad to see this exchange took place.

Mr. Obama, who did not join the Senate until 2005, reminded Mr. Boehner and the Senate Republican leader, Senator Mitch McConnell of Kentucky, that the tax cuts' architects purposely left the deficit problem to a future administration, according to aides from both parties.

"I wasn't there," Mr. Boehner quickly countered. "I didn't structure that deal."

The room briefly went quiet as participants seemed to ponder that statement from a legislator first elected in 1990. "How long have you been here?," a Democrat asked Mr. Boehner, and the others broke out in laughter.

They're laughing at you, John, not with you.

It's a telling anecdote. The White House vision is to largely follow the game plan crafted by congressional Republicans less than a decade ago. It was the GOP's idea -- they passed tax cuts, which overwhelmingly benefited the wealthy, and set the cuts to expire at the end of 2010. The point was to obscure the cuts' cost, play a dangerous budget game, and make it so that the GOP wouldn't have to pay for their own experiment. We saw the results, which can only fairly be described as "total failure."

Obama is prepared to do part of what Republicans included in their own plan -- letting tax rates for those making more than $250,000 return to the same levels that existed when the economy was strong, as was outlined in the Republican plan of the Bush era. Reminded of whose idea this was in the first place, Boehner, in effect, argued that he has nothing to do with the plan he voted for, and which was crafted by his own caucus.

Indeed, Boehner was, at the time, responsible at the committee level for helping shape the tax-cut package, and was on hand at the White House for the bill-signing ceremony.

No wonder the room broke out in laughter.

As for the substance, Boehner told the president allowing the higher rates to return to pre-Bush levels would be bad for small businesses (small businesses that need some help, which Senate Republicans have blocked). As a policy matter, Boehner's argument is patently ridiculous, but the fact that he's pushing it in a private meeting confirms my suspicions -- Boehner actually believes his own nonsense, and isn't quite sharp enough to realize he doesn't know what he's talking about.

In the meantime, Boehner is also urging Republicans to stop referring to the Bush tax cuts as the Bush tax cuts. GOP members are supposed to fight for the failed former president's tax policy, but avoid using the failed former president's name.

They really do think voters are fools.

http://www.washingtonmonthly.com/

Filed: AOS (pnd) Country: Canada
Timeline
Posted

Stop posting this partisan filth... Seriously.

So much damned ignorance all around.

nfrsig.jpg

The Great Canadian to Texas Transfer Timeline:

2/22/2010 - I-129F Packet Mailed

2/24/2010 - Packet Delivered to VSC

2/26/2010 - VSC Cashed Filing Fee

3/04/2010 - NOA1 Received!

8/14/2010 - Touched!

10/04/2010 - NOA2 Received!

10/25/2010 - Packet 3 Received!

02/07/2011 - Medical!

03/15/2011 - Interview in Montreal! - Approved!!!

Filed: AOS (apr) Country: Philippines
Timeline
Posted

Someone's getting nervous about the November elections

That's normally what happens when you can't run on your record.

David & Lalai

th_ourweddingscrapbook-1.jpg

aneska1-3-1-1.gif

Greencard Received Date: July 3, 2009

Lifting of Conditions : March 18, 2011

I-751 Application Sent: April 23, 2011

Biometrics: June 9, 2011

Posted

If Obama and the Dems are so worried about tax cuts = deficits, why are they wanting to let the lower income tax cuts remain?

Yes, ESPECIALLY to the ppl who dont even pay taxes.

"I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine."- Ayn Rand

“Your freedom to be you includes my freedom to be free from you.”

― Andrew Wilkow

Posted

If Obama and the Dems are so worried about tax cuts = deficits, why are they wanting to let the lower income tax cuts remain?

Money in the hands of the lower and middle class is much more likely to get spent than money in the hands of upper classes, many of whom are risk adverse (especially now) and will keep most of their money in safe investments instead of flowing through the economy. This is important in an economy heavily dependent on consumer spending.

keTiiDCjGVo

Filed: Country: United Kingdom
Timeline
Posted

Money in the hands of the lower and middle class is much more likely to get spent than money in the hands of upper classes, many of whom are risk adverse (especially now) and will keep most of their money in safe investments instead of flowing through the economy. This is important in an economy heavily dependent on consumer spending.

I thought the wealthy were the only ones spending?

spending_cs_20100610150533.jpg

biden_pinhead.jpgspace.gifrolling-stones-american-flag-tongue.jpgspace.gifinside-geico.jpg
 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...