A Message From Lucianne  







S-G1




























ST-GC


   
 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


Democrats look for up to $1 trillion
in new tax revenues this year

The Hill, by Alexander Boulton

Original Article

Posted By:OhMy, 1/7/2013 1:17:45 PM

Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending. . . . The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes. This sets up tax reform as one of the biggest fights of the 113th Congress, which began on Thursday.
Headline repaired and split by staff

Comments:
The article says democrats want a 1-1 ratio of new taxes and spending cuts in cutting the deficit. I have heard this exact proposal coming from Boehner already as his opening bid in the debt ceiling negotiation. This means there should be no dispute at all at least until Obama doubles down on his demands.

      


Post Reply  

Reply 1 - Posted by: Up2Here, 1/7/2013 1:22:34 PM     (No. 9103360)

Post will be closed in 5, 4, 3, ........

  Click Here if you Like this Comment

    4 persons like this.


Reply 2 - Posted by: Mr. Know-It-All, 1/7/2013 1:24:05 PM     (No. 9103370)

This will be totally forgotten/dismissed as soon as the socialists realize that their tax increase will not generate the revenues they expect. They rarely do.

  Click Here if you Like this Comment

    3 persons like this.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: stablemoney, 1/7/2013 1:36:55 PM     (No. 9103393)

I do not want to hear of the GOP talking or agreeing to tax reform. Democrats don´t give a whit about tax reform. They want tax increases and always have to clothe their intentions in euphemisms.

  Click Here if you Like this Comment

    4 persons like this.


Reply 4 - Posted by: Mass Minority, 1/7/2013 1:51:39 PM     (No. 9103420)

Biggest and most dismissed revelation in the article

"The biggest question for Democrats is how much revenue is realistically available through tax reform."

Please reaquant yourselves with the Laffer curve. Then realize that we are currently at the actual apex of the curve. That means two things:

First, the laffer corrolary is that Government will work to maximize its revenue. Once maximized economic forces will cause only minor changes in revenues collected. Increasing absolute taxation rates above the apex results in less, not more revenue.

Second, at the apex even very small tax policy changes will cause people to change their behaviour so as to avoid the additional tax burden.

Taken together what this means is that Government does is now at the point where no matter what policy changes are made, no additional revenue will be generated. Either people will drastically change behaviour (or move) to avoid the tax or the decline in GDP caused by the tax increase will decrease the actual revenue available.

The second corrolary is that at the true apex everything is in "balance" taxation level, Government revenues and GDP GROWTH. GDP growth must also stagnate because each time it grows, government will move to maximize its revenues and the resulting pressure will shrink GDP, lowering real revenue generation. Government revenue can only decline from this point out.



  Click Here if you Like this Comment

    4 persons like this.


Reply 5 - Posted by: 6079 Smith, W, 1/7/2013 1:52:11 PM     (No. 9103422)

You mean they are going to lower taxes, reduce regulations, close the EPA, repeal Obamacare...? If not, then they are not going to get more revenue.

  Click Here if you Like this Comment

    4 persons like this.


Reply 6 - Posted by: Coy860, 1/7/2013 1:58:09 PM     (No. 9103429)

Shut down EPA, Dept. of Education, cut 20% off all the rest.
Have a 6 (bi-partisan) member board checking spending bills and vetoing pork in each and every one. Pass NO bill unless it has been online for ONE month, and no changes before voting.
Put the Obamas on a spending diet for vacations. One million per year tops.

  Click Here if you Like this Comment

    3 persons like this.


Reply 7 - Posted by: OdinsAcolyte, 1/7/2013 2:25:48 PM     (No. 9103483)

Den of thieves.

  Click Here if you Like this Comment

    3 persons like this.


   

 

  


 
Reply 8 - Posted by: Penney, 1/7/2013 2:26:29 PM     (No. 9103485)

The beltway dem pols are becoming as politically aggressive as a wolf pack on the attack. They apparently will not stop in their lust for power over the lives of others. Jesse James never had it so good, eh?!

´´Power corrupts and absolute power corrupts absolutely.´´

  Click Here if you Like this Comment

    5 persons like this.


Reply 9 - Posted by: indccc, 1/7/2013 2:56:12 PM     (No. 9103528)

The American People should file a class action lawsuit against the Executive and Legislative Branches of the government and refuse to pay anymore taxes until the Senate passes a budget.

Yes. I know. Only in my dreams.

  Click Here if you Like this Comment

    5 persons like this.


Reply 10 - Posted by: mackrand, 1/7/2013 4:17:20 PM     (No. 9103653)

I´m confused. Are they saying they are going to extract another $1 Trillion out of the United States economy when it is already staggering under the attack of the killer spendthrift democrats? Does this not subtract a Trillion bucks out of the GDP? What does that do to the GDP rate of increase or decrease? On top of the already staggering load of increased costs of the ACA they want to pile on like an overweight thuggish big city football team? Is this reasonable?

  Click Here if you Like this Comment

    4 persons like this.


Reply 11 - Posted by: globalwarmer, 1/7/2013 4:17:42 PM     (No. 9103655)

Can´t wait to see the Laffer curve in action again on this blunder.

  Click Here if you Like this Comment

    4 persons like this.


Reply 12 - Posted by: fiddle ed, 1/7/2013 5:13:51 PM     (No. 9103740)

A lot of people still don´t get it. Obama and his minions couldn´t care a whit about logic, math, Lafer curve, common sense, or the common good. Even most Congressmen don´t have a clue. We are not dealing with anything like has come before. These are radical ideologues and they are just now getting started. Republicans have one of two options - capitulate or shut down the government. The dumbed down, low-information idiots have reached the dreaded proportion to keep these communists where they are. I don´t have an answer to that problem but I´d like to think I´ll live long enough to say "We told you so" when they´re scavenging in the streets.

  Click Here if you Like this Comment

    4 persons like this.


   

 

B-G1


 
Reply 13 - Posted by: bob913, 1/7/2013 5:48:17 PM     (No. 9103781)

democrats want a 1-1 ratio of new taxes and spending cuts

That does not make sense! That would be the same amount where you started out at unless they know McConnel and Boehner will say yes yo cuts 10 years in the future and tax increases right away!

  Click Here if you Like this Comment

    4 persons like this.


Reply 14 - Posted by: Mamateach, 1/7/2013 7:01:42 PM     (No. 9103871)

FTA:
Newly elected Sen Chris Murphy calls Connecticut a "fiscally responsible state."
Know any other good jokes?
Gov Malloy (D) gave Connecticut the largest tax increase in the history of the state last year. Guess what? We have huge deficits and are building a bus lo nowhere.
Prime example of a state whose 3 branches of gubmint are all Democrat controlled.
Want a sneak preview of what the progressives in DC want for the country? Look at Connecticut!

  Click Here if you Like this Comment

    5 persons like this.


Reply 15 - Posted by: nonsense, 1/7/2013 8:38:50 PM     (No. 9103969)

Couldn´t get past the "centrist Democrats" line. The Hill is a Far Left rag written for Marxist staffers and friends.

  Click Here if you Like this Comment

    4 persons like this.


Reply 16 - Posted by: ColonialAmerican1623, 1/8/2013 12:23:47 AM     (No. 9104231)

"Democrats look for up to $1 trillion
in new tax revenues this year"

Strange how they never look to collect on foreign aid repayment. We are the only country stupid enough to borrow money to give away. Then write the debt off because they are third world countries.

  Click Here if you Like this Comment

    4 persons like this.


Reply 17 - Posted by: 4Justice, 1/8/2013 12:44:08 AM     (No. 9104253)

The patients are running th asylum... Yes, power does corrupt and absolute power corrupts absolutely....so true. These tyrants are beyond stupid and beyond evil....

  Click Here if you Like this Comment

    4 persons like this.


   

 

R_DBL_B
  


 

Post Reply   Close thread 717969




Below, you will find ...

Most Recent Articles posted by "OhMy"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "OhMy"



Jihad Will Not Be Wished Away
National Review Online, by Andrew C. McCarthy    Original Article
Posted By: OhMy- 4/20/2013 11:02:15 AM     Post Reply
‘Outlook: Islam.” So reads the personal webpage of Dzhokhar Tsarnaev, who ravaged Boston this week, along with his now-deceased brother and fellow jihadist, Tamerlan — namesake of a 14th-century Muslim warrior whose campaigns through Asia Minor are legendary for their brutalization of non-Muslims. Brutalizing our own non-Muslim country has been the principal objective of jihadists for the last 20 years. This week marks a new and chilling chapter: the introduction on our shores of the tactics the self-styled mujahideen have used to great, gory effect for the past decade in Afghanistan and Iraq.

What Rand Paul Misses
National Review Online, by Andrew C. McCarthy    Original Article
Posted By: OhMy- 3/9/2013 11:25:37 AM     Post Reply
It was Wednesday, shortly before Senator Rand Paul’s bravura 13-hour filibuster, the Jimmy Stewart star turn in Paul’s crusade to have the Constitution ban a bogeyman of his own making: the killing of American citizens on American soil by America’s armed forces — a scandal that clearly cries out for action, having occurred exactly zero times in the 20 years since jihadists commenced hostilities by bombing the World Trade Center.

As Country Club Republicans Link
Up With The Democratic Ruling Class,
Millions Of Voters Are Orphaned
Forbes, by Angelo Codevilla    Original Article
Posted By: OhMy- 2/22/2013 7:18:42 AM     Post Reply
On January 1, 2013 one third of Republican congressmen, following their leaders, joined with nearly all Democrats to legislate higher taxes and more subsidies for Democratic constituencies. Two thirds voted no, following the people who had elected them. For generations, the Republican Party had presented itself as the political vehicle for Americans whose opposition to ever-bigger government financed by ever-higher taxes makes them a “country class.”

Democrats look for up to $1 trillion
in new tax revenues this year
The Hill, by Alexander Boulton    Original Article
Posted By: OhMy- 1/7/2013 1:17:45 PM     Post Reply
Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending. . . . The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes. This sets up tax reform as one of the biggest fights of the 113th Congress, which began on Thursday.
Headline repaired and split by staff

   

 



 
The Benghazi Slingshot
American Thinker, by Cindy Simpson    Original Article
Posted By: OhMy- 11/21/2012 2:19:04 PM     Post Reply
Some brave thinkers recognize that beneath the intrigue surrounding the Benghazi tragedy lie the traces of something much larger and far more dangerous. Frank Gaffney and the Center for Security Policy hosted a panel on November 13, 2012 to discuss "Benghazi: US Foreign Policy and the Threat of Sharia Doctrine." Guest panelists included Dr. Andrew Bostom, Diana West, and Stephen Coughlin. The event was taped in its entirety and is available here.



Most Active Articles (last 48 hours)



Darrell Issa: Emails suggest Elijah Cummings
prompted IRS targeting of True the Vote

63 replie(s)
Washington Examiner, by Susan Ferrechio    Original Article
Posted By: BaseballFan- 4/9/2014 5:13:32 PM     Post Reply
House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., has accused the panel´s top Democrat of prompting the Internal Revenue Service in 2012 to target a conservative organization applying for nonprofit status. Issa said records obtained last week from the IRS show communications from the office of ranking member Rep. Elijah Cummings, D-Md., about True the Vote, a Texas-based, nonprofit conservative group that aims to prevent voter fraud. The communications at one point involved Lois Lerner, the ex-IRS official who Issa´s panel is poised to hold in contempt of Congress on Thursday for refusing to provide testimony about her

Eric Holder strays from planned remarks
48 replie(s)
Politico, by Tal Kopan    Original Article
Posted By: JoniTx- 4/10/2014 7:33:24 AM     Post Reply
Attorney General Eric Holder strayed from prepared remarks to slam the way he was “treated” by a House committee the day before, calling it evidence of “ugly and divisive” civil rights challenges facing him and President Barack Obama. Speaking to the Rev. Al Sharpton’s National Action Network at its annual convention in New York on Wednesday, Holder talked about the state of civil rights today and brought up a House committee hearing Tuesday that grew contentious, according to video from Mediaite and reports from outlets including Capital New York. “The last five years have been defined by significant strides and

Barack Obama Saves Wife
Michelle From Wardrobe Malfunction,
Marilyn Monroe Moment: Picture

34 replie(s)
US Magazine, by Rachel McRady    Original Article
Posted By: Scottyboy- 4/10/2014 7:59:06 PM     Post Reply
Barack Obama got quite the handful on Thursday, April 10, but it was all for a good cause! As the President of the United States was boarding Air Force One with his wife Michelle Obama, a gust of wind blew up her skirt. Barack quickly stepped in and grabbed the First Lady´s billowing skirt to help her avoid a wardrobe malfunction and embarrassing Marilyn Monroe moment. Earlier in the week, another famous lady on the global stage suffered a similar snafu, but no one was around to help her -- not even her prince!

Researchers raise
questions about flu drugs

32 replie(s)
USA Today, by Michelle Healy    Original Article
Posted By: Ribicon- 4/10/2014 1:17:52 AM     Post Reply
A new review is questioning the effectiveness of two key drugs enlisted in the fight against influenza and in turn the investments by governments to stockpile the drugs in the event of a global flu outbreak. The antiviral drugs Tamiflu (oseltamivir) and Relenza (zanamivir ) are commonly used to treat influenza in healthy adults and children. In the case of Tamiflu, the drug does shorten symptoms of influenza by about half a day - as the manufacturer suggests - but there is insufficient evidence to support claims that it reduces hospital admissions or serious complications, such as confirmed pneumonia or

Hercules Actor Kevin Sorbo:
Hollywood, Media Ignoring
‘The Crime of the Century’

30 replie(s)
Cybercast News Service, by Michael W. Chapman    Original Article
Posted By: JoniTx- 4/9/2014 6:57:56 PM     Post Reply
Although the news media and Hollywood relish telling stories about horrific crimes and serial killers, they are strangely silent about Dr. Kermit Gosnell, an abortionist who killed living, viable babies by snipping their spinal cords with scissors, and who is “America’s most prolific serial killer,” said actor Kevin Sorbo and his wife Sam Jenkins in a video to promote funding for a movie about Gosnell. “Kermit Gosnell is America’s most prolific serial killer,” says Kevin Sorbo, who starred in the TV series Hercules: The Legendary Journeys. “For more than three decades he was an abortion doctor in Philadelphia, where he

Holder on Gohmert exchange: ‘What
attorney general has ever had to
deal with that kind of treatment?’

29 replie(s)
Daily Caller, by Chuck Ross    Original Article
Posted By: KarenJ1- 4/9/2014 7:08:41 PM     Post Reply
Eric Holder ventured off script in a speech Wednesday to the National Action Network, the organization led by MSNBC host and recently-exposed FBI informant Al Sharpton. “I’m pleased to note that the last five years have been defined by significant strides and by lasting reforms,” said Holder at the conference of black activists, before improvising “even in the face, even in the face, of unprecedented, unwarranted, ugly, and divisive adversity.” “If you don’t believe that, if you look at the way, forget about me, forget about me, if you look at the way the attorney general of the United States was treated

Democrat Elijah Cummings Faces
Up to Five Years in Federal Prison

29 replie(s)
Gateway Pundit, by Jim Hoft    Original Article
Posted By: StormCnter- 4/10/2014 5:20:42 AM     Post Reply
Rep. Elijah Cummings (D-MD) could face up to five years in federal prison for obstructing a Congressional proceeding. On Wednesday, Oversight Committee Chairman Darrell Issa (R-CA) and five Subcommittee Chairmen on the committee sent a letter to Ranking Member Cummings demanding an explanation for his staff’s queries from the IRS, why the Minority hid these efforts from the Majority, and why the Ranking Member denied such actions by his staff at a February Subcommittee hearing: “Although you have previously denied that your staff made inquiries to the IRS about conservative organization True the Vote that may have led to additional

Michelle Obama´s Food Program
Is Non-Nutritious Waste Of Money

27 replie(s)
Investor´s Business Daily, by Editorial    Original Article
Posted By: PageTurner- 4/10/2014 2:35:20 PM     Post Reply
Big Government: As students flood Twitter with images of inedible slop, it´s clear that Michelle Obama´s government school lunch revamp is a costly failure. It´s time to get the feds out of kids´ lunch boxes. The $12 billion federal student lunch program, which serves 30.7 million kids, is losing participants fast — more than a million just last year, according to a recent Government Accountability Office report. The reason: the first lady´s Healthy Hunger-free Kids Act, an act that has accomplished exactly the opposite of what it claimed it would — leaving hungry, angry, disgusted kids and dumpsters full of wasted

Stephen Colbert to replace Letterman
26 replie(s)
Entertainment Magazine, by James Hibbard    Original Article
Posted By: drive- 4/10/2014 12:10:39 PM     Post Reply
Official: Stephen Colbert is the new host of CBS’ Late Show. Release: The CBS Television Network today announced that Stephen Colbert, the host, writer and executive producer of the Emmy and Peabody Award-winning “The Colbert Report,” will succeed David Letterman as the host of THE LATE SHOW, effective when Mr. Letterman retires from the broadcast. The five-year agreement between CBS and Colbert was announced by Leslie Moonves, President and CEO, CBS Corporation, and Nina Tassler, Chairman of CBS Entertainment. Letterman, the legendary, critically acclaimed host of the CBS late night series for 21 years, announced his retirement on his April 3 broadcast. Colbert’s

Global solar dominance in sight
as science trumps fossil fuels

26 replie(s)
Telegraph [UK], by Ambrose Evans-Pritchard    Original Article
Posted By: Attercliffe- 4/10/2014 6:08:54 PM     Post Reply
Solar power has won the global argument. Photovoltaic energy is already so cheap that it competes with oil, diesel and liquefied natural gas in much of Asia without subsidies. Roughly 29pc of electricity capacity added in America last year came from solar, rising to 100pc even in Massachusetts and Vermont.[Snip] The technology is improving so fast--helped by the US military--that it has achieved a virtous circle. Michael Parker and Flora Chang, at Sanford Bernstein, say we entering a new order of "global energy deflation" that must ineluctably erode the viability of oil, gas and the fossil fuel nexus over time.

Hillary Clinton Cancels Appearance Where
Benghazi Victim´s Mom, Protestors Await

26 replie(s)
Cybercast News Service, by Barbara Boland    Original Article
Posted By: BaseballFan- 4/11/2014 10:02:18 AM     Post Reply
Hillary Clinton was the planned keynote speaker at the 17th Annual Western Healthcare Leadership Academy in San Diego on April 11 - but she´s cancelled her visit in the midst of planned protests from San Diego locals and military families. Protestors organized by "The Difference Matters" do not want the former U.S. Secretary of State to come because of Clinton´s role in the Benghazi scandal. "She is not welcome here in San Diego by so many of us. We don´t want her here," said Jan Iverson, a local mother and protestor. (Snip) Clinton´s office says she changed plans because of

House Committee Votes to Refer ex-IRS
Official Lois Lerner for Criminal Charges

25 replie(s)
Mediaite, by Noah Rothman    Original Article
Posted By: toledo- 4/9/2014 2:29:40 PM     Post Reply
On Wednesday, the House Ways and Means Committee voted to refer former Internal Revenue Service official Lois Lerner to the Department of Justice for criminal prosecution. By a vote of 23 to 14, a closed-door session of the House committee determined that Lerner’s role in the alleged singling out of conservative groups seeking tax-exempt status for undue scrutiny was a criminal act. The vote was “just another attempt by Republicans to vilify Ms. Lerner for political gain,” according to the ex-IRS official’s attorney, William Taylor. In spite of the fact that the DOJ has already been investigating both Lerner and the alleged

   

Post Reply   Close thread 717969





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google



© 2014 Lucianne.com Media Inc.

FS