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Over the cliff we go........

gmacbeef

Well-known member
Due to a COMPLETE lack of leadership form Oldtimers boy Oblamea, we are going over the cliff. His GIGANTIC EGO keeps getting in the way. Earlier today when he thought he had won, he gave a "victory lap" campaign style speech ,essentially rubbing the Republicans noses in the defeat.Unfortunately he hadn't "won"anything yet .This once again shows his complete INCOMPETENCE & CHILDISHNESS ! They all should just tell him to CRAM IT !! He has no business in the office of President. :mad:
 

jigs

Well-known member
it is his plan. to break America, kill all businesses with monster taxes, turn us into a nanny state, declare martial law, and eventually turn America into an Islamic Law nation.....
 

Faster horses

Well-known member
jigs said:
it is his plan. to break America, kill all businesses with monster taxes, turn us into a nanny state, declare martial law, and eventually turn America into an Islamic Law nation.....

Sadly, I agree with you... :cry:

The whole outfit put this 'fiscal cliff' thing off to the very last. Why weren't
they working on it before these last couple months? We need to fire them all!
 

LazyWP

Well-known member
Faster horses said:
jigs said:
it is his plan. to break America, kill all businesses with monster taxes, turn us into a nanny state, declare martial law, and eventually turn America into an Islamic Law nation.....

Sadly, I agree with you... :cry:

The whole outfit put this 'fiscal cliff' thing off to the very last. Why weren't
they working on it before these last couple months? We need to fire them all!

but instead they gave themselves a raise
 

alice

Well-known member
Of course they gave themselves a raise...they tend to think they are entitled. However, passing the deadline won't make any difference...it's nothing but another scare tactic from both sides of the aisle...and it seems everyone is falling for it. Tsk, tsk, tsk...

Guess what... the sun's gonna come up in the mornin'...
 
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Anonymous

Guest
Both sides get wins in tax deal

By Erik Wasson - 12/31/12 02:52 PM ET





Senate GOP Leader Mitch McConnell (Ky.) and Vice President Biden have reached a deal on the tax portions of a "fiscal cliff" agreement.

Republicans, President Obama and Democrats won and lost battles in the talks, with Obama and Democrats winning extensions on several middle-class tax breaks and forcing Republicans to agree to higher rates on wealthier households and on some investment income.

But Republicans were able to raise the threshold for when the higher tax rates set in, and also won concessions from Democrats to extend a more generous estate tax.

It's unclear whether the agreement between McConnell and Biden will win support from House and Senate leaders. House GOP leaders told their members there would not be a House vote on Monday night, though they said a vote on New Year's Day was possible.

Senate Majority Leader Harry Reid (D-Nev.) also has not yet signed on to the tax deal, according to a leadership aide.

The key part of the agreement would extend Bush-era tax rates for individuals making $400,000 and less in annual income and families making $450,000 and less. Higher incomes will be subject to a 39.6 percent tax rate, up from 35 percent.

The president had wanted the threshold to be $200,000 for individuals and $250,000 for families, while Republicans had pushed for a higher threshold.

But Obama and Democrats won concessions from Republicans to reduce the deductions wealthier taxpayers can use, by imposing rules known as "PEP and Pease." These tax provisions that limit the deductions wealthier people can use would be reintroduced under the deal.

PEP, the personal exemption phaseout, reduces the value of each personal exemption by 2 percent for each $2,500 above a specified threshold until the exemption is completely phased out. Pease, named after a former congressman, cuts itemized deductions by 3 percent of adjusted gross income above specified thresholds, but not by more than 80 percent, according to a summary by the Tax Policy Center.

Under the deal, phaseouts of the deductions would begin at $250,000 for individuals and at $300,000 for families. The two provisions had been set to come back to life next year if Congress had taken no action, but with a $174,000 threshold for individuals.

The deal would also generate more revenue from investment income in a win for Democrats.

The estate tax would rise to 40 percent from 35 percent for estates valued above $5.1 million. Democrats had sought a 45 percent rate on estates above $3.5 million, while Republicans wanted the current rate extended. With no action, a 55 percent tax would have kicked in on estates valued at more than $1 million.

The deal would also impose new limits on deductions for wealthier taxpayers and generate more revenue from investment income.

It extends the capital gains and dividends rate of 15 percent for those making below $400,000 and families making below $450,000. Rates rise to 20 percent for those making above this threshold.

It would also limit deductions wealthier taxpayers can use to lower their tax burden.

Democrats will get key tax breaks for the middle class in the deal, though they failed to get an extension of a 2-percentage-point payroll tax holiday.

The deal would extend for five years the American Opportunity Tax Credit, Child Tax Credit and Earned Income Tax Credit, which are all tax breaks geared toward lower- or middle-income taxpayers.

The AOTC allows more taxpayers to qualify for tax credits to pay for college, expanding the threshold for a full $2,500 credit to individuals making $80,000 or less. A full $1,000 Child Tax Credit is available currently for each child of a couple making $110,000 or less. The EITC is specifically designed to help low-income earners.

The deal would extend bonus depreciation for one year, an important tax break for businesses that allows companies to write off 50 percent of investments in capital equipment. The break is set to expire in January.

It includes a permanent indexing of the Alternative Minimum Tax to inflation so that it no longer threatens to raise taxes on the middle class.

The tax portion of the agreement also extends a slew of corporate tax provisions, including for clean energy production such as wind energy.

The entire “tax extender” package considered by the Senate Finance Committee is in the deal. The Finance package extended the wind energy production tax credit, which is hours away from lapsing, for one year through 2013.

Wind energy advocates have lobbied hard to prevent the credit from expiring Dec. 31.

The number of new U.S. wind energy projects has dropped sharply when the credit has been allowed to lapse in the past, which last occurred in 2004.

Conservative groups had urged lawmakers to let the wind credit lapse and cast the incentive as undue federal intervention in energy markets.

The Finance Committee plan also tweaked the way the credit is made available, requiring only that projects have begun construction within the next year to claim the incentive.

Wind industry officials say this will expand the number of projects that can take advantage of the one-year window.

The Finance plan also extends a series of other soon-to-lapse or already expired credits for efficient homes, biofuels and other measures.
 
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Anonymous

Guest
Senate approves Biden-McConnell 'fiscal cliff' deal in easy 89-8 vote

By Alexander Bolton - 01/01/13 09:29 AM ET





The Senate early on New Year's Day voted overwhelmingly in favor of a fiscal cliff deal that would extend tax rates on annual household income under $450,000 and postpones automatic spending cuts for two months.

The bill was approved in an 89-8 vote that came after only 10 minutes of formal floor debate and no official score from the Congressional Budget Office. The Joint Committee on Taxation estimated it would reduce federal revenue by $3.93 trillion over the next decade compared to current law.


Five Republicans and three Democrats voted against the bill: Sens. Michael Bennet (D-Colo.), Tom Carper (D-Del.), Chuck Grassley (R-Iowa), Tom Harkin (D-Iowa), Mike Lee (R-Utah), Rand Paul (R-Ky.), Marco Rubio (R-Fla.) and Richard Shelby (R-Ala.).

Sens. Jim DeMint (R-S.C.), Mark Kirk (R-Ill.) and Frank Lautenberg (D-N.J.) missed the vote.

The 89-8 vote puts pressure on the GOP-led House to approve the legislation, though it remains to be seen if most House Republicans will back a bill that would add to the deficit and lacks the deep spending cuts that conservatives have been calling for.


It is unclear when the House will vote to pass or possibly amend the Senate-passed measure. House Republicans plan to huddle on the issue at 1 p.m.

The fiscal cliff- next years economy- the estate tax- and your tax rates are completely in the hands of the House and the Repubs now...
Can they carry the ball- or will they live up to their recent history and fumble !
 

Mike

Well-known member
Whitewing said:
I hope the House pubs stand firm on spending cuts.

Yep. $41 in new taxes for $1 in spending cuts don't get it.

Buckwheat makes a drunken sailor look like a choirboy.

Drastic austerity measures are needed now, not later.
 

Whitewing

Well-known member
If the pubs don't do what the Top Dawg wants 'em to do, I'm sure OT will call it a fumble. I'll call it a touchdown.

To the average donk, the words compromise and bipartisanship mean doing what they want you to do.
 

Lonecowboy

Well-known member
The White House budget office noted in September that sequestration was designed during the 2011 standoff over raising the federal debt ceiling as "a mechanism to force Congress to act on further deficit reduction" -- a kind of doomsday device that was never meant to be triggered. But Congress failed to substitute other cuts by the end of 2012, forcing the government to wield what the budget office called "a blunt and indiscriminate instrument."

The House ( and we the people) already got screwed over by obama and the Senate- it would be disfunctional to trust them again.

obama and his democrats saddled this bronc back in 2011- lets see if they can ride it!
 
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Anonymous

Guest
Whitewing said:
If the pubs don't do what the Top Dawg wants 'em to do, I'm sure OT will call it a fumble. I'll call it a touchdown.

To the average donk, the words compromise and bipartisanship mean doing what they want you to do.

Actually if the House and party of NO does nothing- it will be much better off for the long run deficit-- as we will have much more income coming in to more quickly pay off the deficit and a lot more cuts (especially in a way oversized defense dept)-- but it could cause some terrible ups and downs this next year or two in the economy and kill any chance at recovery (which is what McConnell has said he wants all along)... And be tough on the folks out of work- or the folks having to pay $7 for milk- but the Repubes don't care as long as their wealthy base gets the tax cuts they want...

And spell the end of the Republican Party..
 

hopalong

Well-known member
And Soros, and BUffet,,do not recieve any thing oldtimer,,,,or dont they count because they a Libs??????
more could be named but you would come up with a BUT BUT BUT BUT excuse
:roll: :roll:
 

loomixguy

Well-known member
Oldtimer said:
Whitewing said:
If the pubs don't do what the Top Dawg wants 'em to do, I'm sure OT will call it a fumble. I'll call it a touchdown.

To the average donk, the words compromise and bipartisanship mean doing what they want you to do.

Actually if the House and party of NO does nothing- it will be much better off for the long run deficit-- as we will have much more income coming in to more quickly pay off the deficit and a lot more cuts (especially in a way oversized defense dept)-- but it could cause some terrible ups and downs this next year or two in the economy and kill any chance at recovery (which is what McConnell has said he wants all along)... And be tough on the folks out of work- or the folks having to pay $7 for milk- but the Repubes don't care as long as their wealthy base gets the tax cuts they want...

And spell the end of the Republican Party..

You have quite the erection for any conservative with money, doncha? It must really suck to be you, to be so filled with hatred towards those with more... :???:
 

Whitewing

Well-known member
Olddelusional said:
-- as we will have much more income coming in to more quickly pay off the deficit

:lol: What a riot, that statment. Could you please provide me with some evidence that the White House and Senate are interested in paying off the deficit, quickly or otherwise?


Oldblabbermouth said:
And spell the end of the Republican Party..

And this is another I call BS on. You write this over and over again as though you're actually concerned about the future of the pubs. Come clean old man, you don't give a fat rat's ass about the future of the Republican Party. If you did, you'd not constantly encourage the pubs to be like you, sell their souls and become nothing more than a bunch of donk lites.
 
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Anonymous

Guest
The only reason I would like to see both the Senate and House agree on this plan (any plan) is its what the country/world needs to give it back some confidence that the dysfunctional folks in D.C. can do anything......

If not I see some more shakey times for the worlds economy- altho I don't see the gloom and doom expectations some do...

But most right wing extremist R culters are just too dumb to see that if this doesn't pass the house- the Dems will be big winners... They not only get the Defense budget cuts they wanted- the increase in income they wanted- but they get all the PR of being able to blame it all on the Repubs....
 

hypocritexposer

Well-known member
Oldtimer said:
The only reason I would like to see both the Senate and House agree on this plan (any plan) is its what the country/world needs to give it back some confidence that the dysfunctional folks in D.C. can do anything......

If not I see some more shakey times for the worlds economy- altho I don't see the gloom and doom expectations some do...

But most right wing extremist R culters are just too dumb to see that if this doesn't pass the house- the Dems will be big winners... They not only get the Defense budget cuts they wanted- the increase in income they wanted- but they get all the PR of being able to blame it all on the Repubs....


By applying advertising and agitation in just the right proportions, our adversaries learned they could create a mob mentality and suppress independent thinking. Technically, this is called the science of coercion.

:lol: :lol:
 

Whitewing

Well-known member
Oldtimer said:
The only reason I would like to see both the Senate and House agree on this plan (any plan) is its what the country/world needs to give it back some confidence that the dysfunctional folks in D.C. can do anything......

If not I see some more shakey times for the worlds economy- altho I don't see the gloom and doom expectations some do...

But most right wing extremist R culters are just too dumb to see that if this doesn't pass the house- the Dems will be big winners... They not only get the Defense budget cuts they wanted- the increase in income they wanted- but they get all the PR of being able to blame it all on the Repubs....

And this is why I'm convinced that you're devoid of principles OT. For you it's all about the image of winning.

It's not a damned game OT. It's about doing what's right for the country. Generally speaking, politicians are spineless worms. For once I'd like to see some of them stand up for what they believe in and hold their ground. Lose the next election? So farcking what? Better to go down in defeat at the ballot box with honor than win by selling out yourself and your constituents, though I don't expect someone like you to ever grasp the concept
.
 

Tam

Well-known member
but the Repubes don't care as long as their wealthy base gets the tax cuts they want...

You know Oldtimer this crap would be more believable if Obama had not just out fund raised and spent Romney by rubbing elbows with every drugged up millionaire rapper and Hollywood Celebrity that would open their mansions to him. Oh and the fact that 49% of Obama's Super Pac funds came from donations of OVER A MILLION DOLLARS.

Oh and Remember how he took a Million from Bill Maher after Maher PUBLICLY called certain CONSERVATIVE women some pretty FILTHY names. Obama didn't like Liberal spoke person Sandra Fluke being called names but he allowed his Super Pac to keep Mahers money. And don't bother to say he had no comtrol over his Super Pac as we all know if he had denounced Maher the money would have been refunded or better yet donated to a women's abuse charity. He said nothing and the money bought Super Pac campaign ads that was also proven his Campaign team had a hand in.

So the next time you want to claim the Republicans are the party of the Rich remember all those glamours Hollywood stars and UNION BOSSES that bought Obama another four years of access to the best golf courses and resort homes on the friggin planet. :roll:
 
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