The word among some Senate Republicans is that a fiscal cliff deal is likely to be struck by Sunday, or Monday at the latest. (And Monday, being December 31st, is in fact the latest a deal could be struck to avoid January 1 tax increases.) Those Senate Republicans hope the final deal will make permanent current tax levels — Bush tax cut levels — for everyone who makes below $500,000.
My gardener and cleaning lady will be pleased to know that their income from our household is gone as far as they are concerned. I would rather pay them for their services than the government for what little we get by way of services.
Those who voted for Obama may think they won the election, but overall we all lost. The voters, their children, their grandchildren and their grandchildren´s children all lost. After that generation, there won´t be much left to lose or to tax. All of the ´rich´ people will be either dead or in other countries with better tax laws...
The Repubs could pass a bill to keep everything the same rate and have The One veto it. Someone appears not to be trying.
Why would Barry want to avoid the "Cliff" anyway? Tax rates will just be the same as when Clinton was boss. Dems like more taxes. Why would they not like more taxes from everybody, not just the "Rich"?
This President gets away with a big tax increase (positive) and blames it on the Repubs (another positive).
The government takes in $2.2 trillion and spends $3.8 trillion. There is no other question in the public domain that even comes close to that in gravity and urgency. This debate over tax rates for $250k or $500k or $385.457k is a fool´s errand. If the Republicans agree to it the ´Rats and the MSM will simply invent something else to blame them with. But the Stupid Party will probably walk right into it.
#20, they´re set to expire, so making them a permanent rate is helpful.
Sure they could be raised again, but Democrats know it´s hard to raise income tax rates which is why they attack businesses to generate revenue streams. People then blame the "greedy" business owners and stick it to them again.
Don´t raise the debt limit for much more than $500 billion, and demand that the Obama spending binge be restrained.
Obama wants to push this out over 2 years with the hopes of taking back the House and having full control, again, in his last 2 years so they can REALLY finish the liberal agenda.
The best thing is to go over the cliff and stay there. This country is in serious jeopardy as the number of those not paying any Federal income tax at all approaches 50%, while we are building a permanent unemployed class with benefits seemingly that are approaching infinity and disability claims are the new, early, early retirement plans.
I really do not want to pay more taxes but I prefer a system that more evenly takes from all of us rather than makes of us a nation of envy rather than aspiration.
While the political rherotic soars nobody seems to notice that fiscal year 2013, which started October 1, 2013 the borrowing makes the excesses of the past few years seem paltry.
For the first time the Social Security system has paid out more than it took in by $47B, putting it in the red. This only happened because Social Security revenues was foolishly cut by more than 20% for the past few years.
The Democrat strategy is to build a permanent voting class that pays absoulutely no taxes whatsoever but can be counted on to reliability vote for greater and greater taxes for those who have to support them. The Republicans, seemingly the inept, stupid party keep falling victim to this strategy.
So one more chance, let the sequestration on cuts go into effect, let the tax rates go up, stop permanent unemployment compensation, restore Social Security revenue and cut more spending or we won´t have to worry about falling off the clift, we will drop of Mt. Everest.
After the cave, I´m leaving the party, and I told the RNC so yesterday when they called to ask for my annual contribution. I´m small fry, so it doesn´t make a difference, but at least I won´t be bothered with those pesky calls any more. Plus, better to be an independent. We don´t really have any sy in who the nominee is anyway, and no one can assume which way your vote will go, thus polling will be off.
#3 - the third party candidate Ross Perot gave us Bill Clinton for president. That really worked out well, don´t you think?
#23 - you are one of the few that have touched on the real issues behind Obama´s aim. He wants all the provisions proposed in his budget voted down by the Senate 98-0. This is not about raising the top two rates from 33% and 35% to 36% and 39.6%.
It is all those other provisions Obama has included to raise taxes. Don´t forget his plan to raise the capital gains tax to 20% on top of the Obama care 3.8% tax on investment income, increasing the tax rate on qualified dividends from 15% to 39.6% (plus 3.8%). Obama and his handlers know the media is behind them and the American people think he will balance the budget by raising the top rate on couples making over $250,000.
Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
A New York hedge fund manager allegedly swindles $12 million from a prominent Baltimore family. An Indiana couple is accused of bilking hundreds of customers by charging for free trials of cosmetic products. A financial manager in Texas promises 23-percent returns but absconds with $33.5 million of his investors’ money in a classic Ponzi scheme.All three cases have one thing in common: money that ended up in offshore accounts and trusts set up in tax havens around the world.
Former News Corp president Peter Chernin has bid around $500 million for Hulu, the online video streaming service he helped create in 2007, according to two sources with knowledge of Hulu´s sale process. The website, jointly controlled by News Corp and Walt Disney Co, reached out to potential buyers in March after initially contemplating a deal in which one would buy out the other. It is not clear whether that transaction is still being contemplated.
After lengthy investigations, the Pentagon has determined that three Army generals committed misconduct in separate incidents, adding to an unusually long list of senior military commanders who have been censured over the past year.On Friday, defense officials confirmed that Army Maj. Gen. Ralph O. Baker, the commander of a strategic counterterrorism force on the Horn of Africa, was fired March 28 on charges of sexual misconduct. Two officials familiar with the case said Baker was investigated for allegedly groping a female civilian employee after he had been drinking.
The Obama administration appeared eager Thursday to downplay the North Korean military’s latest threat that it has the final authority to carry out “cutting-edge, smaller, lighter and diversified” nuclear strikes on the United States.“This is just the latest in a long line of aggressive statements,” (Snip)the recent tension between Washington and Pyongyang “does not need to get hotter.”The remarks were the first public reaction from the Obama administration since Wednesday’s claim by the North Korean military that the “moment of explosion is approaching fast” with the possibility of war breaking out “today or tomorrow.”
President Obama´s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as "the best-looking attorney general," but in introducing an observation from the system of beauty into a forum that was about the system of power.What´s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it´s appropriate to talk about a woman´s looks as a general matter. But I´ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that
Political scientist Charles Murray has never backed away from controversy, but usually his opponents have been liberals. Friday, however, he managed to upset conservatives at the annual conference known as CPAC, where thousands of bewildered Republicans gathered to figure out the way forward after their party’s 2012 electoral defeat. Murray ditched his prepared remarks on “America Coming Apart” in favor of an impromptu admonition to fellow conservatives to accept the legalization of both gay marriage and abortion.
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
The question all week long was this: Who are you going to believe, an illegal alien or the president of the United States of America? Obviously, if it’s a president who once went by an alias, Barry Soetoro, you go with Uncle Omar, 100 percent, no questions asked. And so it was that the White House finally admitted to another, uh, misstatement — despite previous denials, Barack/Barry did sleep on his beloved Uncle Omar’s couch in Cambridge when he first moved here to attend Harvard Law School (speaking of which, we’re still waiting to see the president’s grades and his LSAT scores). But the
How do you get your arms around the catastrophe known as Obamacare? Is it even possible? At this point, I’m not sure it is. The list of individual disasters which threaten to ruin one-sixth of the U.S. economy and what has been, up until now, the best healthcare system in the world is exhaustive, and exhausting. The examples I will identify here barely scratch the surface. First but by no means foremost, we have the supposedly new and improved HealthCare.gov. Except it’s not, even the visible part. Stories still abound of people still failing to get in or to get through the enrollment
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 National Highway Traffic Safety Administration has announced a new five-year strategic plan to improve safety for elderly drivers and passengers. Although they are statistically among the safest on the road, the number of older drivers is increasing dramatically — and with it, that group´s numbers of injuries and deaths. Since 2003, the population of older adults, defined as age 65 and older, has increased by 20% and the number of licensed older drivers increased by 21% to 35 million in 2012, according to NHTSA. Last year, NHTSA reported that 5,560 people older than 65 died and 214,000 were injured
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
7. On the U.S. war with Iraq: “If there is a country that has committed unspeakable atrocities in the world, it is the United States of America. They don’t care for human beings.” Via cbsnews.com 6. On Israel: “Israel should withdraw from all the areas which it won from the Arabs in 1967, and in particular Israel should withdraw completely from the Golan Heights, from south Lebanon and from the West Bank.” Via jweekly.com 5. On the U.S. war with Iraq: “All that (Mr. Bush) wants is Iraqi oil.” Via cbsnews.com 4. Mandela on Castro and the Cuban revolution: “From its earliest days, the Cuban Revolution has also been a