Tax Cuts -- The obama compromise

Pez wrote:Thanks... I find it interesting how politicized the > $250,000 bit is... Granted it makes the bill nearly 18% higher (75B of 501B), but the way many are stomping up and down about it makes it seem like it's larger.

From the democrats, the are acting as if keeping taxes low on the rich is going to send us to hell in a handbasket. From the republicans, we have to lower taxes because these people will (somehow) create jobs. Neither side mentions that it's only around $75B. Yes, that is still a chunk of change, but not as much as everyone seems to be letting on. Raising taxes on these folks wont cut the deficit much more than it will create jobs.

Pez wrote:I'm skeptical about the S corp and job creation bit. These individuals have theoretically had the benefit of these lower taxes for almost a decade, and I'm not seeing the jobs. Granted, those in favor of them can likely say something like, "look where we would have been without it... " That is like saying "look where we would be without the stimulus..." a position I doubt anyone on the right is going to take.

The frustration with President Barack Obama over his tax cut compromise was palpable and even profane at Thursday’s House Democratic Caucus meeting.

One unidentified lawmaker went so far as to mutter “f— the president” while Rep. Shelley Berkley was defending the package the president negotiated with Republicans. Berkley confirmed the incident, although she declined to name the specific lawmaker.

“It wasn’t loud,” the Nevada Democrat said. “It was just expressing frustration from a very frustrated Member.”

Rep. Jerrold Nadler (N.Y.) was also overheard saying that “we can’t trust him” not to cave to Republicans and extend the tax cuts again in two years, according to a Democratic source.

The anger aimed at the bill was widespread. As Democrats moved to block the bill from coming up on the floor, chants of “Just say no!” could be heard by reporters outside the room.

LTRT wrote:Dems Gone Wild: 'F*%k the President'

The frustration with President Barack Obama over his tax cut compromise was palpable and even profane at Thursday’s House Democratic Caucus meeting.

One unidentified lawmaker went so far as to mutter “f— the president” while Rep. Shelley Berkley was defending the package the president negotiated with Republicans. Berkley confirmed the incident, although she declined to name the specific lawmaker.

“It wasn’t loud,” the Nevada Democrat said. “It was just expressing frustration from a very frustrated Member.”

Rep. Jerrold Nadler (N.Y.) was also overheard saying that “we can’t trust him” not to cave to Republicans and extend the tax cuts again in two years, according to a Democratic source.

The anger aimed at the bill was widespread. As Democrats moved to block the bill from coming up on the floor, chants of “Just say no!” could be heard by reporters outside the room.

Peloski must be so proud of her little puppets. One day the POTUS says something then every day since so many of his followers are beside themselves trying to figure out why he won't do everything they want him to. This is so funny to watch as it plays out.

Peloski must be so proud of her little puppets. One day the POTUS says something then every day since so many of his followers are beside themselves trying to figure out why he won't do everything they want him to. This is so funny to watch as it plays out.

It's clear this has become a competition that they have to "win" and get their way. Where was such fierce opposition of the tax cuts when they were first intoduced?

LTRT wrote:Gee Pez, Scooby took the words right outta my mouth.

Pez wrote:

LTRT wrote:Gee Pez, Scooby took the words right outta my mouth.

Wow, congrats! Scooby makes salient points about the topic at hand. If those were the words in your mouth, thats gotta be some sort of first :-)

WASHINGTON (AP) -- Bill Clinton implored Democrats to back the tax-cut deal that President Barack Obama negotiated with Republicans as the former president made a surprise appearance with Obama in the White House briefing room Friday -- and later took over the podium.