Washington - President Obama delivered to Speaker John A. Boehner a new offer on Monday to resolve the pending fiscal crisis, a deal that would raise revenues by $1.2 trillion over the next decade but keep in place the Bush-era tax rates for any household with earnings below $400,000. (Snip) The White House plan would permanently extend Bush-era tax cuts on household incomes below $400,000, meaning that only the top tax bracket, 35 percent, would increase to 39.6 percent. The current cutoff between the top rate and the next highest rate, 33 percent, is $388,350.
Comments: Bambi is playing Boehner for the fool that he is. I am not an economics person, but can see that this whole dance so far is to get the GOP to raise the tax revenue to over 1 Trillion for the next ten years and beyond. There is no compromise here. Just smoke and mirrors.
Walk away GOP and let 0bama take US over the "fiscal cliff." I remember cod liver oil. The sooner you swallowed it, the sooner the bad taste left.
"Congress could periodically weigh in and try to override a presidential lifting of the debt ceiling, should it want to" !?!?!?!?! Under what power does the President get to act unilaterally in raising the debt ceiling???
Shifting the top brackets to Clinton´s rates would only generate 42 billion next year. The old 800 billion over 10 years date back to times when we actually had more millionaires. So it sounds like all Boehner managed to do by negotiating was suggest some new taxes that are twice what Obama was going to get from the rich. Leave it alone GOP and go over the cliff. Then limit spending. This is a sucker deal.
I keep missing something. It was my impression that the House passes spending and revenue bills, then sends that bill to the Senate for confirmation. No confirmation, then the bill goes to a House/Senate conference committee. The bill ultimately goes to the president for signing.
So the questions are: Has the House passed a bill to send to the Senate? Why does Boehner have to confer with the President and bypass the Senate?
The deal has already been cut. These MSM photo/ops are just for political propaganda.....
The taxes will rise -- the spending cuts kicked down the road and the politicians will all go home and have a Merry Christmas....
The whole of Washington DC is run by "K" street lobbyists -- who wrote the obamacare mess to benefit themselves financially, i.e. AARP´s united health/care.
The lobbyists of DC have worked to elect deficient people to the House and Senate. NOW they can "manage" them with campaign funding and "extras", i.e. pelousy and feinstein and our elected pols here in Illinois whose credentials for office include a felony rap/sheet....
I thought Republicans were supposed to be the brilliant business guys. How could this buffoon be suckered by the oldest negotiating trick in the books, namely, if you want them to agree to something really bad, threaten them with something twice as bad first then wait for them to compromise to your original objective. This is ridiculous.
So we raise revenues supposedly by $120 billion a year for 10 years. And what about the other 90% of the annual deficit? This is continued fiscal insanity, not a solution. Zero has never, and will not, cut spending. Unless he specifies meaningful cuts, let it burn.
Raise the taxes and fewer people will be employed by those households. Wait, that´s what the empty chair wants - more on the dole and dependent on him. What is wrong with the repubs in Washington? He can´t cut the entitlements because those are his voters. Who ever came up with the word "entitlements". No one is entitled to anything they didn´t earn.
Do any of these idiots in DC ever consider where the average working stiff gets his/her money that they want to tax to the ceiling? Any what happens when there is no more money in the money spigot? Just print some more? That would just wind up as worthless paper. Then, the only medium of exchange that anyone would accept would be gold or silver. And the price of those would also tumble.
Are there any responsible persons in DC that really understand economics? Perhaps 2 or 3 but the majority of them are lawyers. As such they are masters of twisting the English to a point that they can talk for hours and say nothing. And that´s what they attempt to do to we average citizens. Well, the day will come that they will be shown the we are not as stupid as they think we are. The revolution is coming, I just don´t know when. And when it does, it won´t be pretty.
Notice how Obama hasn´t really given an inch to Boehner, yet the enemedia´s been portraying it the other way around in the headlines. Either way, apparently, they must preserve the public perception that the GOP is the party of NO, and that Democrat leaders keep reaching across the aisle to find compromise.
That steaming pile of propagandists known as the Mainstream Media has been _______ing their readers and viewers for far too long... As far as I´m concerned, they can go ________ themselves from now until the Second Coming.
Let the tax cuts all expire. Let the spending cuts go into place. As soon as Congress returns, pass tax reform that will cut taxes for everyone and makes more spending cuts. Anything Congress does will result in being blamed anyway so at least to the thing that is good for the nation.
If congress votes like Democrats, we might as well vote for Democrats.
There is a lightweight in the White House. The Republicans have had 17 months to rehearse this dance. Obama should be wrong-footed by now. What gives? For instance, disallowing the deduction for state taxes is a killer for blue states, not so bad for red states. Why isn´t that in the plan, with specifics? Let Chucky Schumer squirm.
Leaving it up to the House, not bi-passing the House. Is there any other way? Nobody in the House is shouting with rage. Are they all being threatened with death for themselves and their families? Is death on the table? What other answer is there? We know Boehner is a RINO back stabbing coward. We know the Congress is driven by greed and unnoticed lobbied crime, but still they could go through the House motions, and not deliver a more taxes deal directly with our fuhrer and his blackmailer comrades. Diane Sawyer helps it along by not saying anything, not raising moral questions, by being silent to tyranny for the big bucks she is paid. And all the rest of them, too. Even Fox News clouds the truth.
Boehner is an idiot. He is the weakest repub we have ever seen. He folds faster than a cheap lawn chair. Please House Tea Party members, get a leader with a spine! Note to the negotiators: You can outwait Obama, or as we say in our house, "you can outwait the devil."
n the summer of 1997 several House Republicans attempted to replace him as Speaker, claiming Gingrich´s public image was a liability. The attempted "coup" began July 9 with a meeting of Republican conference chairman John Boehner of Ohio and Republican leadership chairman Bill Paxon of New York. According to their plan, House Majority Leader Dick Armey, House Majority Whip Tom DeLay, Boehner and Paxon were to present Gingrich with an ultimatum: resign, or be voted out. However, Armey balked at the proposal to make Paxon the new Speaker, and told his chief of staff to warn Gingrich about the attempted coup. Why did Boehner lead the coup? Because he is secretly a died in the wool RINO. A Gerald Ford type. He is no conservative. Newt was a very successful Speaker. George H W Bush hated him. Because he fought Bush on his tax increase. Boehner is going to destroy the Republican majority in the House.
Boehner and Obama are smarter criminals than you. They are not idiots. Boehner cries better. Not one blackmailed SOB republican is willing to call a spade a spade, so that low information citizens will wake up. Not one Patrick Henry "But as for me, give me liberty or give me death" American in congress. Not one willing to find a camera, or a pulpit, and alert your brother citizens that Romney had it wrong, for whatever reason, when he said Obama is a nice guy. Obama is a cold, ineligible racist cipher who is tearing this place apart. Do every one of you lack the imagination to know how this forced bankruptcy ends? You cowering republicans, who won´t lift a finger to stop the wholesale removing of the landmarks given to us by our brave and brilliant and Godfearing forefathers -- what in the world would you do differently if you could swiftly and smoothly destroy a superpower? What? Here is just one guy who sees we have lost both parties, and there are millions more without a voice. You are now traitors yourselves -- because of your Bushy quiet "standing down" tactic. You know the "stand down" tactic used in Benghazi -- when the heroes were calling their brothers for help -- and instead the administration turned away and left them to be murdered. And no outrage from republicans or subpoenas or promises of impeachment whatever the cost for this infamy. Republicans. Dead to us.
Either: 1) go over the fiscal cliff - that´s what obambi wanted anyway, or 2) raise tax rates with the provision that if revenues from those taxes don´t hit what the static analysis say it will, that expenses get cut back to the level they were in 2008.
It´s December 18 and not one single citizen of the United States knows what tax rates are going to be in 14 days! Yet, we´re all obligated to comply with the nation´s tax laws, even when they´re passed at the very last minute, under penalty of imprisonment.
How, for example, is Intuit supposed to produce 40+ flavors of TurboTax that all work perfectly, and get them to the right stores in the right states, in plenty of time for filers to meet the April 15 filing deadline? Intuit´s technical and logistical challenges are almost unimaginable - and Obama is solely responsible.
Moreover, what are employers supposed to withhold from paychecks in 2013? How about ADP? The sheer recklessness of this tax-code brinksmanship is shocking. Obama really does want to wreck the U.S. economy, doesn´t he? Obama seems to care not a whit about the implications of all this for the taxpayer and the employer. If Obama "cares" so much, he has an awfully peculiar way of showing it.
Meanwhile, individuals and corporations somehow manage to survive, itself a testament to the resilience of the human spirit in the face of unimaginable recklessness at the hands of government.
Even if the Tax Twins get that money it only will operate the us govt for 3 weeks or so however it calculates out. Remember that for a human to count to a trillion as in 1...2..3...it would take thrity-two thousand years. It is crazy to spend like this. A better tack would be for Boehner to say "no tax increases and a 15% reduction in the debt ceiling". Fifteen per cent is a figure mentioed for the Value-added tax. So it could work the other way just as well-as a reduction in spending. Heck the govt could go home on thurs at noon every week and that would be a big savings.
The “feminist nightmare” is recurring. Unbowed by Politico labeling her with this epithet a couple of weeks ago, Michelle Obama continues to do what her critics regard as frightening behaviors. Last week, she assaulted independent women by showing off the White House Christmas decorations. “Our goal is for every room and every tree to tell a story,” she explained to an audience of military families in the East Room, where her two-tone gray dress matched the silver ornaments on the trees. She spoke of Christmas trees made from stacks of books (“they’re very cool!”) and described the “first dog display”
Anyone who’s ever gone on a diet is told to lay off the booze because it’s high in calories. And that, of course, must make it very fattening indeed. Go onto the NHS Direct website, and you’ll be told a glass of wine contains as many calories as a slice of cake. Or if you prefer beer, the British Nutrition Foundation reminds you two pints are roughly the equivalent in calories to a full glass of single cream. So you may be surprised to learn that there’s no scientific evidence whatsoever to support the idea that alcohol makes you on weight. That’s hugely counter-intuitive, I know, because alcohol certainly is said to contain lots of calories.
President Barack Obama sounded a nostalgic personal note Sunday night and offered a rare self-assessment while criticizing congressional Republicans as an "impediment" to governing during the start of a West Coast fundraising tour for the Democratic Party. Obama told donors the sight of Mt. Rainier illuminated by a setting sun was particularly special because it reminded him of his mother, who attended high school in the Seattle area. "I feel the spirit of my mom," he said. He also attempted to contrast himself with Republicans who control the House of Representatives, saying they are "more focused on positioning themselves for
Los Angeles - Rather than thanking a list of friends and colleagues, Macklemore & Ryan Lewis used their American Music Awards acceptance speech to send a message of tolerance on Sunday night. Ben Haggerty, the rapper known as Macklemore, accepted the award for favorite rap/hip-hop album, then quoted Martin Luther King Jr. in a live satellite feed from the rap group´s latest tour stop. "Due to the fact that we are in Florida tonight accepting this award I want to acknowledge Trayvon Martin and the hundreds and hundreds of kids each year that are dying due to racial profiling and the violence that follows it," he said.
China and India’s success in weakening the latest global warming agreement created friction with other developing nations that are seeking to step up the fight against climate change. The two countries insisted on single-word changes for a deal at a United Nations conference involving 190 nations on Nov. 23. Instead of making “commitments” to roll back fossil fuel emissions, they signed up for “contributions,” a formulation that allows more flexibility in their action. Those last-minute revisions at a meeting that ran overtime by almost 30 hours underscored the reluctance of China and India to join in the sort of emissions
Washington - Hobby Lobby, a chain of crafts stores, closes on Sundays, costing its owners millions but honoring their Christian faith. The stores play religious music. Employees get free spiritual counseling. But they do not get free insurance coverage for some contraceptives, even though President Obama’s health care law requires it. Hobby Lobby, a corporation, says that forcing it to provide the coverage would violate its religious beliefs. A federal appeals court agreed, and the Supreme Court is set to decide on Tuesday whether it will hear the Obama administration’s appeal from that decision or appeals from one of
A historic agreement on Iran´s nuclear programme was made possible by months of unprecedented secret meetings between US and Iranian officials, in further signs of the accelerating detente between two of the world´s most adversarial powers, it emerged on Sunday. The meetings ran parallel to official negotiations involving five other world powers, (Snip) The Obama administration asked journalists not to publish details they had uncovered of the secret diplomacy until the Geneva talks were over for fear of derailing them. The Associated Press and a Washington-based news website, Al-Monitor, finally did so
Last summer on his $100 million family tour of Africa, Barack Obama hoped for a priceless photo op with Nelson Mandela, the ailing freedom pioneer who went from prison cell to the presidency of South Africa. Mandela´s family suggested that wouldn’t happen. So, the Obamas did a photo op in Mandela´s former prison cell. Which Obama’s White House quickly tweeted upon word of the icon´s passing at 95. [Skip] But Obama was also caught staring at television coverage of Mandela’s passing, which became Obama’s Photo of the Day.
Hardly a week goes by without Hillary Clinton receiving another award. Last month she was named a “Global Champion” by the International Medical Corps, received the American Patriot Award at the National Defense University Foundation and the Hermandad Award from the Mexican American Leadership Initiative. [Snip] At this rate, if a bunch of elderly left-wing Swedes toss her the Nobel Peace Prize early on, the way they did to Obama, it will barely rate mention among all the other glittering trophies that have been bestowed on a woman whose only actual accomplishment was being married to a crooked governor with
Speaker John Boehner said his party should support gay Republican congressional candidates and urged his colleagues to “be a little more sensitive” when running against women. “Some of our members just aren’t as sensitive as they ought to be,” Boehner said. When asked if he thinks his party should support gay candidates, Boehner simply said: “I do.”
Denver - A baker who refused to make a wedding cake for a same-sex ceremony must serve gay couples despite his religious beliefs or face fines, a judge said Friday. The order from administrative law judge Robert N. Spencer said Masterpiece Cakeshop in suburban Denver discriminated against a couple "because of their sexual orientation by refusing to sell them a wedding cake for their same-sex marriage." The order says the cake-maker must "cease and desist from discriminating" against gay couples. Although the judge did not impose fines in this case, the business will face penalties if it continues to turn away gay
DAVID CORN: I saw a president who remains frustrated with the political-media culture that he has to work within, and that he´s looking to rally people, students here, and supporters, and people within the media. CHRIS MATTHEWS: But David Corn, you skeptic. He came to us today. He came amongst us. CORN: He´s trying to rally people behind this vision that he´s been promoting for a couple years. FINEMAN: By the way, he did it the end here, today, Chris, not by defending specifics, but by explaining why he´s in the game to begin with. And I don´t know about you, he´s
The most curious thing of all about the November jobs report released on Friday was the huge drop in the unemployment rate — and the fact that the Labor Department chose not to disclose that the data going into that figure are under investigation for falsification. On Nov. 19, I broke the news in my column that the Census Bureau, which collects data that goes into the jobless rate on behalf of Labor, had caught one of its enumerators fabricating interviews in 2010. The culprit said back then (and to me during an interview) that he was told to do so by
More young men in California rise in pitch at the end of their sentences when talking, new research shows. This process is known as "uptalk" or "valleygirl speak" and has in the past been associated with young females, typically from California or Australia.But now a team says that this way of speaking is becoming more frequent among men.The findings were presented at the Meeting of the Acoustical Society of America in California. "We found use of uptalk in all of our speakers, despite their diverse backgrounds in socioeconomic status, ethnicity, bilingualism and gender," said Amanda Ritchart, a linguist at the University of