Obama Tax Cuts Rejected In House

[Galraedia]

Source: Huffington Post

WASHINGTON -- The House of Representatives made its election-year arguments Wednesday in the tax-cut battle roiling Capitol Hill, rejecting a plan to preserve middle-class breaks while backing a measure that safeguards wealthier taxpayers.

The Democratic bill resembled President Barack Obama's tax plan, which calls for letting the Bush-era tax cuts expire for incomes of more than $250,000 for couples and $200,000 for individuals. The Republican measure would extend all the Bush-era tax cuts for all income levels, but end breaks passed in 2009 that help about 25 million middle-class households.

Each side made stark arguments, with Democrats casting the issue as protecting the middle class, and Republicans countering that they were safeguarding small businesses and jobs.

"The president wants to raise taxes on the so-called rich," said House Speaker John Boehner (R-Ohio). "Well, let me tell you who the so-called rich are. About a million of those people that you want to increase taxes on are small business owners."

Read more: http://www.huffingtonpost.com/2012/08/01/obama-tax-cuts-house_n_1730734.html?utm_hp_ref=politics

[liberal N proud]

1. A blatant slap in the face to the middle class

What's left of them.

[jpbollma]

2. 19 Dems joined in the fun!

[Teamster Jeff]

4. Useless Blue Dog scumbags nt

[may3rd]

7. What will they tell the people back home when they hit the campaign trail ?

[harun]

26. Need to primary the Blue Dogs

[jinx1]

41. Absolutely! Names and districts please

[douglas9]

42. Meet the pro-Bush tax rate Dems

http://www.democraticunderground.com/10783666

[Judi Lynn]

45. Thanks for posting the list. n/t

[geardaddy]

40. Do you have the roll call list?

I wanna see which idiots voted with the repigs on this.

[cstanleytech]

5. Not a slap, more like they pulled their pants down and told us to kiss their 1% ass. nt

[R. Daneel Olivaw]

9. And if they theft the White House that will be the first of many slaps to come.

[n2doc]

3. Cry me a river Boner

More truthfully "The president wants to raise taxes on the so-called rich," said House Speaker John Boehner (R-Ohio). "Well, let me tell you who the so-called rich are. Me! And most of my fellow congressmen and Senators. There's no way we will vote to raise taxes on ourselves!"

[Spitfire of ATJ]

6. Fine. Let them ALL expire.

Then Obama can introduce his OWN tax plan and we stop talking about "The Bush Tax Cuts".

He needs to START by adding brackets. The whole 3 bracket scheme has divided America into the whole poor-middle-upper class we have today and far too many middle class people actually BELIEVE they are members of the upper class.

FOX "News" is backing up that belief.

[may3rd]

8. Time is running out with only THREE months left to introduce anything that resembles a tax plan

on the campaign trail.

[Spitfire of ATJ]

19. No need.

Just tell everyone Republicans voted to raise taxes.

[harun]

27. We wish, won't happen though.

[Spitfire of ATJ]

33. I think most Americans would support a higher bracket for the ultra rich.

Maybe one for a million and another for those making 10 million a year.

The PROBLEM is FOX "News" is telling their viewers that whole "million dollars" thing is for people's net worth. They lump in your house and all of your possessions including the value of your insurance policies and line of credit and your business if you have one and it makes some jackass in Indiana who owns a lumber yard believe he's on par with JP Morgan.

People can't picture CLEARING a million dollars a year every year and they don't get that the higher tax doesn't effect that million, only what goes over that. In other words, if you make $1,000,030.00 the higher rate is only on the $30. The first million is the same as someone making $20,000.

[harun]

43. They always obfuscate the issue. It is SOP.

[Angleae]

36. Actually it's 6 brackets.

http://www.bargaineering.com/articles/federal-income-irs-tax-brackets.html

[Spitfire of ATJ]

39. I was going by Reagan's original speech.

[jmowreader]

37. There are six brackets, not three

Married filing jointly:

10% - up to $17,000
15% - $17,001 - $69,000
25% - $69,001 - $139,350
28% - $139,351 - $212,300
33% - $212,301 - $379,150
35% - $379,151 or more

And speaking of Boner's assertion that "about a million of the people you want to raise taxes on are small business owners," how many of them are Amway types, day traders, house flippers, people running businesses with no employees outside the family, and other "make your own job" people? There is a difference between a small businessman who has employees, is meeting a payroll, etc., and a small businessman who runs a hot dog stand all by himself.

[dtom67]

10. wrong...

Dear Boner,

I think the Presidents tax increase will only effect 2 or 3 percent of small businesses.

Of course, you already know that.

You are the member of the House that I would most like to see Tarred and feathered.

P.S. You will be damned to hell for your actions.

Have you ever seen the eye of a needle?

[elleng]

13. More like cantor, imo, dtom.

[Marrah_G]

11. Very few "small" business owners make over 250k after deductions and expenses

[kestrel91316]

29. Hell, I'd ecstatic to net a TENTH of that in this economy.

[Marrah_G]

32. My boss even said he would be THRILLED to have to pay a few percentages more

Because that would mean he profited more then 250k

[kestrel91316]

34. Yep, I'd gladly pay. How much freakin' money does a person NEED??

I have gotten by on a shoestring for so long, I'd be really uncomfortable with so much money.

[elleng]

12. PERFECT!

Take THAT to the voting booth!!!

[awoke_in_2003]

14. Let them all expire...

when the tax cuts came, my pay was affected a whopping $5 a paycheck. I made $65k a year then.

[caveat_imperator]

15. I agree!

I haven't had a full time job since the summer of 2001. Jobs were nearly everywhere with the Clinton tax rates.

[awoke_in_2003]

18. We seemed to have more jobs than workers then...

not anymore.

[methodman]

16. The House is more like Earache my Eye

The attitude of the House is more like Earache my eye by Cheech and Chong.

[elbloggoZY27]

17. More of the Same.

The Party of NO strikes once again.

If you can afford a Yacht, Mansion, Jet Air Plane and a six figure automobile then you need a TAX HIKE.

[and-justice-for-all]

20. revolting! nt

[DallasNE]

21. So House Republicans Just Voted To Increase Taxes On

98% of Americans and 97% of businesses and claim that it is a jobs bill? What it really does net is to cost jobs, not create jobs -- just ask CBO. So, how does Grover Norquist feel about this, including ending the middle-class tax breaks passed in 2009 that helped about 25 million middle-class households. Or does the Norquist pledge only apply to Republican sponsored tax breaks.

[jmowreader]

38. You know how this is going to work already, but I'll tell you anyway.

How Repubicans create jobs:

1. They cut spending, allow tax breaks to expire, etc., which causes...oh, let's say 1000...jobs to be lost.

2. They then do a little Keynesianism, which causes 600 jobs to be created--jobs that pay less than the 1000 they killed, with fewer if any benefits and worse working conditions.

3. The Repubicans then run to the nearest TV camera and tell the world that we should vote for Repubicans (I left out the "L" by accident, then realized it looked so appropriate this way I decided to keep it) because they just created 600 jobs.

[sofa king]

22. Nearly EVERY REPUBLICAN IN CONGRESS has voted against it now.

In an election year, no less. Remember all those snide comments you folks--and you know who you are--made about President Obama's tax cut rope-a-dope in December 2010?

Well, this is the knockout punch you didn't believe was coming. Obama boom ba yay!

[Psephos]

23. These are the same tax cuts APPROVED by Democratic Congress and signed by Democratic prez in 2010.

Extended by Congress and Obama for TWO years.

I didn't like them then, don't like them now.

The cynicism of what was done in 2010 has come back to haunt the cowards and hypocrites. But hey, although they may be cowards and hypocrites, they're OUR cowards and hypocrites, so two years later it's time to lather up into righteous high dudgeon.

[sofa king]

35. I guess you haven't seen it yet.

Those cowards and hypocrites lured the Republicans into this trap in December, 2010, by enticing Republicans into a two-year expiration date.

Now, those Republican weasels had to hit seven out of ten of all American voters straight in the wallet.

And guess what comes next? A round of commercials in every Congressional district in the country which says, quite truthfully, that the Republican incumbent VOTED AGAINST A MIDDLE CLASS TAX CUT.

And after that, undecided voters realize that they can vote all-D and pay themselves. Republicans who hate Obama can save face by staying home... and paying themselves. Democrats smell blood in the water, because if they show interest when Republican voters do not, they win big... and pay themselves.

Have you ever met a Republican who didn't take the money?

[TheKentuckian]

44. I think you don't understand their SOP argument that the media will back them on enough

to blunt an effective attack.

They will argue they voted against ANY tax increase and it will be bought hook, line, and sinker as per the always.

Anyone that paid attention in Dealing with TeaPubliKlan Bullshit 101 (aka as the last 30+ years of living in America) has internalized and accepted that the only way to have any shot whatsoever of breaking that line is to let the cuts all expire and come back with new cuts. The bad part is too many have been oblivious to their shit and have failed to do exactly that while hemorrhaging ability to deal forcefully on the issue.

My way has no guarantee of success but what we are trying has minimal odds on the best of days.

They have been allowed to do the almost impossible, defend themselves using the truth (despite being unholy spin and a pure frame job). As things stand they are actually voting against a tax increase on the wealthy, there is no "cut" for the middle class but rather maintaining the status quo. People have had the reduction for over a decade, there is no "actual" rate for younger people because this is all they have ever paid and as such aren't going to really buy that they were denied a cut because no rate reduction is in the mix which is one of the reasons I was adamantly against this crap in the first place, felt we should eliminate them as soon as we had power to do so rather than even waiting for the sunset, and damn well felt they should have been allowed to expire.

We should have dealt with this a long while ago and I believe with the right effort being rid of those cuts would have greatly increased receptiveness toward desperately needed broader tax reform.

[DCKit]

24. Oh, John, you still don't get it.

The Teahadii are destroying your party, they've got a knife in your back and y'all look like fools to every one of us on the outside... and I live in DC. Imagine what it looks like to someone with some distance from the ongoing kerfuffle.

GOP RIP

[liberallibral]

25. Hope it's to their demise!!

The GOP is batty!! Heaven forbid we raise taxes by 5-10% on a millionaire!! How will they SURVIVE!! THE HORROR!!!

[kestrel91316]

28. As a marginally middle class small (tiny) business owner, I am one of

the people the Repukes are bending over backwards to screw.

[truebrit71]

30. There's a fucking surprise..hey Boner, anyone making over $250k a year can swap checks...

...with me ANYTIME they want to....until then, go FUCK yourself..

[heaven05]

31. millions?

millions of middle class voters will ante up for these thugs on election day. I just don't get it