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75 Percent of Obama´s Proposed Tax
Hikes to Go Toward New Spending

Weekly Standard, by Daniel Halper

Original Article

Posted By:StormCnter, 12/11/2012 5:05:55 PM

Seventy-five percent of the new revenue pulled in by President Barack Obama´s "fiscal cliff" plan would go toward new spending, not toward deficit reduction, the Republican side of the Senate Budget Committee contends. Here´s a chart, detailing how money from the new tax hikes would be distributed: (Snip for graphic)According to the minority side of the Senate Budget Committee, $1.2 trillion of the proposed $1.6 trillion in tax hikes would go toward new spending, while only $400 billion would go toward deficit reduction. "The [president´s] plan called for $1.6 trillion in new taxes,

  

Post Reply  

Reply 1 - Posted by: miceal, 12/11/2012 5:10:51 PM     (No. 9060262)

And this comes as a surprise to.......?


Reply 2 - Posted by: JonR, 12/11/2012 5:14:16 PM     (No. 9060268)

Absolute madness! Our Federal government is off the rails and we are led by Communist/Marxists hell-bent on destroying this country... and half of the voters wanted it this way! Madness!!


   

 

  


 
Reply 3 - Posted by: Keekng, 12/11/2012 5:17:57 PM     (No. 9060273)

With a ratio like that, the deficit will double every year, not shrink.


Reply 4 - Posted by: Muguy, 12/11/2012 5:22:51 PM     (No. 9060280)

When are people going to learn this "written in stone" rule:

There never is, never was, and never will be any deficit reduction!!!

It is nothing more than future subsidy for MORE DEBT!!!!

Hell, we can´t keep getting fooled like this--


Reply 5 - Posted by: horacer, 12/11/2012 5:31:30 PM     (No. 9060291)

This is no surprise. Look at the budgets he submits, total jokes. Which is why they get voted down 100-0. He can get away with this because Republicans haven´t offered a clear alternative that the public can understand.

Boehner has to present a clear, simple vision on spending. Obama´s looking at 4 trillion next year and higher and higher. We should offer to freeze the budget at 3.6 trillion until it´s balanced.


Reply 6 - Posted by: god of irony, 12/11/2012 5:34:44 PM     (No. 9060294)

And why isn´t every single elected Republican on every news and media outlet drilling this point home?


Reply 7 - Posted by: Really?, 12/11/2012 6:00:14 PM     (No. 9060338)

What I keep wondering is...if Bush´s plan was "tax cuts for the rich´ then why don´t we just let it go back the way it was ?

Yeah, I know, it means everybody gets a tax increase....well....fine. The maybe some people will learn that THEY got a cut too.

As far as I am concerned....let´s go over the cliff.


   

 

  


 
Reply 8 - Posted by: Keekng, 12/11/2012 6:25:37 PM     (No. 9060373)

Agreed, #7, the incessant political BS is tiring.


Reply 9 - Posted by: tyshab, 12/11/2012 6:30:26 PM     (No. 9060382)

Those who pay taxes will pay more when the Bush tax cuts are expired.
Unfortunately, those who voted for Obama think that 75% in new spending will go directly to them....and it will, at least to those who are his peeps and some crumbs will be thrown to the groups he is manipulating. Remember the purpose of the phones was not to allow them to find jobs, but to allow Obama and crew to have a direct line to their constituents, via Twitter, FB , etc. The better to control them with. They can now directly tell them how to think and act, every minute of every day. And they complain of the horrors of slavery. Such irony.


Reply 10 - Posted by: jalo1951, 12/11/2012 6:40:15 PM     (No. 9060400)

That´s just great but not unexpected. I can only imagine what America will look like in two years.


Reply 11 - Posted by: Bpl40, 12/11/2012 6:49:23 PM     (No. 9060413)

No better proof (if one is required at all) that elections have consequences. Just wait till the next SCOTUS appointment shows up. This is going to be brutal friends.


Reply 12 - Posted by: pickle1, 12/11/2012 7:12:59 PM     (No. 9060447)

To more money laundering


   

 



 
Reply 13 - Posted by: hamrman, 12/11/2012 7:36:46 PM     (No. 9060485)

Duh!


Reply 14 - Posted by: noddy, 12/11/2012 7:44:01 PM     (No. 9060493)

NO, must not happen. And Republicans must not be a part of this. Obama is absolutely bringing anyone who has worked hard and made money to their knees. And he is giving that money to illegals, drug addicts, lazy do-nothings and his political friends and donors. This must be stopped.


Reply 15 - Posted by: Peach1, 12/11/2012 8:54:53 PM     (No. 9060567)

Since he was reelected, why aren´t impeachment hearings taking place? There are so many crimes he has committed.


Reply 16 - Posted by: 3XALADY, 12/11/2012 9:07:58 PM     (No. 9060587)

I was just reading about the 20 F-16´s he´s giving to Morsi, who already has 200. And more tanks. Then we know he has pulled half a billion $$ out of Medicare and today I´m hearing Rush say Medicare and Social Security will be means tested. I´d like to see most every republican in the House lose their job because they haven´t been doing it. It´s a dam good thing the dhimocraps aren´t in control or we´d really be in trouble.


Reply 17 - Posted by: kanphil, 12/11/2012 10:03:08 PM     (No. 9060634)

That´s a lie! It will be 100 percent.


   

 

  


 
Reply 18 - Posted by: LanieLou, 12/12/2012 3:49:36 AM     (No. 9060854)

Obozo is operating our gov´t without a budget.. and intentionally overspending at a flagrantly dangerous rate.

Can´t he be impeached for this?

How about providing arms & training to our known enemy, Al Qaeda?

Has no one any spine left in congress?


Reply 19 - Posted by: LanieLou, 12/12/2012 3:55:07 AM     (No. 9060859)

ps> Obozo doesn´t get $1.6T from millionaires like he spewed in his recent campaign for taxeing the rich tour... He´s back to quoting rich as $250k & up...

Plus... Obozo defines rich by Net Worth, not salary. The tax hike may be hitting anyone with a home &/or a retirement plan.


Reply 20 - Posted by: Trigger2, 12/12/2012 5:34:27 AM     (No. 9060901)

No doubt that 75% would go for more free taxpayer money for that green BS. That way, more of our tax dollars can be flushed into bankrupcy, and the companies sold to China for pennies on the dollar.



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