December 31, 2012
— Ace Here is the outline, as I understand it.
Rates on the rich will increase, but only above the $400,000 threshold, rather than the $250,000 threshold so beloved by Obama. But the tax cut for those making less than $400,000 would be permanent -- no sunsetting, no expiration date.
However, some exceptions and deductions will be lost for those making more than $300,000 (jointly) or $250,000 (singly):
Under the proposed accord being hammered out by Biden and McConnell, households earning less than that would largely escape higher income tax bills, though couples earning more than $300,000 a year and individuals earning more than $250,000 would lose part of the value of their exemptions and itemized deductions, under the terms of the emerging agreement.
The estate tax rises from 35 to 40%, but the $5 million exclusion (the first five million isn't subject to tax) remains.
You'll be happy to know we've agreed to keep spending an awful lot of money. Republicans spin this, saying they've gotten a permanent good in exchange for a temporary bad, but we never get around to spending, do we?
Low-income households would also benefit from a five-year extension of credits for college tuition and the working poor first enacted as part of ObamaÂ’s stimulus package in 2009. And businesses would see a variety of popular tax breaks extended, including a credit for research and development....
The two sides also appeared to have reached consensus on unemployment benefits, with Republicans acceding to Democratic demands to keep benefits flowing to the long-term unemployed for another year. Medicare payments would not be cut for doctors next year, and the cost of preserving those programs would not be offset with other spending cuts
There are no damn cuts in the agreement. The agreement isn't quite struck yet, as the sides are hung up on what to do about the automatic sequester -- Republicans want to delay that for three months, in order to revisit spending issues later without, I guess, the supercharged atmosphere of the current negotiations. Democrats want the cuts delayed until after the 2014 election (to 2015).
Sabotage? The liberals apparently hate this deal, so Obama larded his 1:30 speech with attacks against them, possibly to provoke them into walking away from a deal he's finding politically tough. (The liberals are incensed that the $250,000 threshold was moved.)
Obama: "If Republicans think I will finish the job of deficit reduction through spending cuts alone Â… then they've got another thing coming"
Others call the "speech" a "political rally" and "tone-deaf."
Republicans are apparently reacting angrily, but who knows if they'll walk away.
ATM Fix Permanent? The current plan is to fix the ATM -- permanently.
And nearly 30 million households would be protected from paying the costly alternative minimum tax for the first time — either on their 2012 tax returns or at any time in the future. The developing agreement calls for a permanent fix."
Is There Any Hope? Soothsayerwing Plover has an idea:
emember that ROBERT PALMER video with all those hot looking CLONE MODELS behind him?that's what Boehner should do
Florence + the Machine did a cover, I just learned.
Posted by: Ace at
10:28 AM
| Comments (309)
Post contains 531 words, total size 4 kb.
Posted by: Soothsayer Riprock at December 31, 2012 10:30 AM (vyPsz)
Posted by: Funemployment at December 31, 2012 10:31 AM (0F6Sg)
Posted by: ALL_IS_LOST at December 31, 2012 10:32 AM (T/L2Z)
Posted by: Soothsayer Riprock at December 31, 2012 10:33 AM (GcwH1)
Democrats live to install punitive tax hikes.
Posted by: Fresh at December 31, 2012 10:33 AM (O7ksG)
Posted by: BackwardsBoy, who did not vote for this shit. at December 31, 2012 10:33 AM (yiIja)
Posted by: Whiskey_Joe at December 31, 2012 10:33 AM (RIm0W)
Posted by: The Political Hat at December 31, 2012 10:33 AM (Vk2pI)
Posted by: mallfly at December 31, 2012 10:33 AM (bJm7W)
Posted by: toby928© for TB at December 31, 2012 10:33 AM (QupBk)
remember when republicans told america that the "fair share" argument was bullsht and that the rich already paid a disproportionate chunk of the federal income tax? well that was all garbage and now they will vote for an even more progressive income tax system, which will make it even easier for democrats to drive their "dont worry bout big government, sombody else will pay for it"-shtick.
congratulations republicans! just keep on diggin!
Posted by: Elize Nayden at December 31, 2012 10:34 AM (E/Qmg)
Posted by: WalrusRex at December 31, 2012 10:34 AM (VlXYw)
Going over the cliff is more appealing. Let tax rates go up on everyone. Let sequestratoin happen.
Enough of this "we'll get'em next time" bull shit.
Sequestion are legitimate cuts. Not the ones I want, but they are cuts. Let them happen.
If people want a fucking welfare state then let them pay for it. Let everyone pay for it.
Posted by: Ben at December 31, 2012 10:34 AM (C2Y4l)
Posted by: mallfly at December 31, 2012 10:34 AM (bJm7W)
This is all theater. We are truelly boned, no matter what happens. Happy F****n New Year! G*d D**n, I need a tylenol.
Posted by: Hammer at December 31, 2012 10:34 AM (5buGz)
Posted by: BurtTC at December 31, 2012 10:35 AM (TOk1P)
Posted by: Soothsayer Riprock at December 31, 2012 10:35 AM (TXseM)
Posted by: Velvet Ambition at December 31, 2012 10:36 AM (R8hU8)
Posted by: mallfly at December 31, 2012 10:36 AM (bJm7W)
Posted by: alexthechick - SMOD. Team Stompy. at December 31, 2012 10:36 AM (VtjlW)
Posted by: Soothsayer at December 31, 2012 10:37 AM (TXseM)
The death tax is a kick to anyone with a family business. The death tax is a double tax. It's a tax on money that has already been taxed. It forces family businesses to sell what's left so they can pay the government first.
If you drive into the ditch and die, the government gets to steel your stuff first.
Nobody - rich or poor - should have to pay more than 1/3 of their income to the government. The poor should have some skin in the game - even if it's just a little.
Posted by: Fresh at December 31, 2012 10:37 AM (O7ksG)
Posted by: supercore23 at December 31, 2012 10:37 AM (bwV72)
Posted by: Soothsayer Riprock
Edited for impact.
Posted by: weft cut-loop [/i] [/b] at December 31, 2012 10:37 AM (KDq5l)
Posted by: Vicious at December 31, 2012 10:37 AM (YPImW)
Posted by: Metalgod at December 31, 2012 10:38 AM (YgIJ8)
Posted by: alexthechick - SMOD. Team Stompy. at December 31, 2012 10:38 AM (VtjlW)
---
I think the adjective you're looking for is "edgy."
Posted by: WalrusRex at December 31, 2012 10:38 AM (VlXYw)
It's safe bet that this deal is subject to change without notice.
Their doing it for the children.
Posted by: YIKES! at December 31, 2012 10:38 AM (mETGQ)
Posted by: mallfly at December 31, 2012 10:38 AM (bJm7W)
Finish the job? When was he going to start it?
Posted by: name at December 31, 2012 10:38 AM (Camtm)
So it's not fair to blame the GOP for that, at least now. As Gabe pointed out, if conservatives wanted the better numbers in the Boehner plan, they could have voted for it.
But the leverage shifts on the debt ceiling. If the GOP doesn't hang together then, we will be left in disarray.
Obama remains vulnerable and his disapproval is rising again. His political capital is dissipating rapidly. We can force entitlement reforms if we stick together - and remember not to let the perfect be the enemy of the good.
Posted by: Adjoran at December 31, 2012 10:39 AM (ZHQvg)
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 10:39 AM (9+ccr)
---
Maybe so but the dad don't vote. OK, well in Chicago maybe.
Posted by: WalrusRex at December 31, 2012 10:40 AM (VlXYw)
Posted by: DrewM. at December 31, 2012 10:40 AM (UfvyB)
Posted by: ace at December 31, 2012 10:40 AM (LCRYB)
Posted by: Elize Nayden at December 31, 2012 10:40 AM (E/Qmg)
Posted by: Ignatz D. Mouse at December 31, 2012 10:40 AM (AD6Iz)
Time to start over. Start with the Constitution, minus a few of the stupid amendments like direct election of Senators. Throw out everything else.
Posted by: Hammer at December 31, 2012 10:41 AM (5buGz)
Posted by: toby928© for TB at December 31, 2012 10:41 AM (QupBk)
Posted by: DrewM. at December 31, 2012 02:40 PM (UfvyB)
So Drew who do you suggest we vote for? Third party? That's a real winner...
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 10:41 AM (9+ccr)
Posted by: Soothsayerwing Plover at December 31, 2012 10:41 AM (xIzGn)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 10:41 AM (bxiXv)
Posted by: Andy at December 31, 2012 10:41 AM (OZPoa)
No spending cuts, no point to any of this. I especially loved that 'cuts delayed until after the 2014 mid-terms' part--cuts delayed indefinitely, I'm guessing.
That cash in your hand? That's just paper. Soon, you'll need lots and lots of that paper to barter for a loaf of bread or jug of milk. Paper is a great insulator, after all. You can grind it up into cellulose and then blow it between the studs in your walls to keep out the cold.
Posted by: troyriser at December 31, 2012 10:42 AM (vtiE6)
---
Ah, the NYT approach.
Posted by: WalrusRex at December 31, 2012 10:42 AM (VlXYw)
The best result would be for taxes to go up on everyone who pays taxes. That would prove our point and it would also send our message to Obama that we'll keep fighting against him all the way to Jan. 2017. It's like when I found out my house needed a new roof and HVAC system and everbody was trying to overcharge me. So what I did was I burned my house to the ground. That showed 'em.
Posted by: Sharron Akin O'Mourdock at December 31, 2012 10:42 AM (pmsMR)
Rates on the rich will increase, but only above the $400,000 threshold, rather than the $250,000 threshold so beloved by Obama. But the tax cut for those making less than $400,000 would be permanent -- no sunsetting, no expiration date
are we adding Obamacare no tax to the final numbers?
Posted by: ette at December 31, 2012 10:42 AM (nqBYe)
Next sellout will be the debt ceiling.
Posted by: Vic at December 31, 2012 10:42 AM (53z96)
Posted by: ace at December 31, 2012 10:42 AM (LCRYB)
NO FUCKING DEAL!
LET THE MOTHER FUCKER BURN!
AND DO US ALL A FAVOR AND DROP DEAD YOU SPINELESS RINOS WHO CANT STOP THE SPENDING!
Posted by: jeremiah God Damn Barack Obama the Mother Fucking SCoaMF wright at December 31, 2012 10:42 AM (+OTLF)
Posted by: Vic at December 31, 2012 10:43 AM (53z96)
37 -
Edgy/scary, it's hard to tell.
We thought we'd get James Cameron, we got Tim Burten instead.
Posted by: BurtTC at December 31, 2012 10:43 AM (TOk1P)
Walk Away slowly and no one will get hurt!
Posted by: georgeofthedesert at December 31, 2012 10:43 AM (Eq2MX)
Posted by: nerdygirl at December 31, 2012 10:43 AM (cA2ZD)
I have never seen a bigger more extravagant Kabuki in my life. Those playing are wearing pure silk garments laced with gold and silver, drinking champagne, eating high dollar sushi and caviar and passing out door prizes.
Everybody on the outside is shoeless, starving and fighting for crumbs.
Posted by: Guy Mohawk at December 31, 2012 10:43 AM (69Mdf)
The good news? You were right.
The bad news? You were right.
Posted by: Vizzini [/i] at December 31, 2012 10:43 AM (O7Q1u)
Go ahead, keeping doing the same thing and expecting different results. I'm sure it'll be better next time.
Posted by: DrewM. at December 31, 2012 10:43 AM (UfvyB)
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 10:44 AM (9+ccr)
Posted by: toby928© for TB at December 31, 2012 10:44 AM (QupBk)
Posted by: nerdygirl at December 31, 2012 10:44 AM (cA2ZD)
Posted by: name at December 31, 2012 02:38 PM (Camtm)
Never because he knows fucking A well the MFM will never call the lazy turd out on it.
Posted by: Captain Hate (dagny 2013 return tour?) at December 31, 2012 10:44 AM (mILiN)
wtg, Team GOP! Fucking assholes.
Posted by: GnuBreed at December 31, 2012 10:44 AM (ccXZP)
Posted by: Country Singer at December 31, 2012 10:44 AM (L8r/r)
Posted by: The Clown Party on the Hill at December 31, 2012 10:44 AM (w3+gB)
Posted by: Soothsayer at December 31, 2012 10:44 AM (QVBzT)
They all Suck so much donkey dick. I hope they all fucking rot in hell.
Posted by: jeremiah God Damn Barack Obama the Mother Fucking SCoaMF wright at December 31, 2012 10:44 AM (+OTLF)
I still want to go over the cliff.
Let it burn indeed.
Notice the media won't ever mention the upcoming Obamacare taxes.
Posted by: Fresh at December 31, 2012 10:44 AM (O7ksG)
WOW!!
Thank you Mr. Boehner.
Now on to the gun grab debate....the deal struck will be all guns are banned except for water bazookas.
WE
ARE
SO
FUCKED
Posted by: Mr. Moo Moo at December 31, 2012 10:45 AM (HDgX3)
Posted by: Anna Puma (+SmuD) at December 31, 2012 10:46 AM (fx1PU)
Posted by: DrewM. at December 31, 2012 02:43 PM (UfvyB)
It seems to be the only alternative right now. Third party seems like a losing proposition, so that leaves Democrats? I will NEVER vote for a Democrat as long as I live. By the way I'm a Registered Independent...
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 10:46 AM (9+ccr)
Posted by: Vic at December 31, 2012 10:46 AM (53z96)
Posted by: small town girl at December 31, 2012 10:46 AM (1zmtP)
Posted by: Whiskey_Joe at December 31, 2012 10:47 AM (RIm0W)
Posted by: Hammer at December 31, 2012 10:47 AM (5buGz)
Posted by: jeremiah God Damn Barack Obama the Mother Fucking SCoaMF wright at December 31, 2012 10:47 AM (+OTLF)
you know what gets me about all of this.
when a citizen is broke most do the natural thing, they cut back . they choose necessary expedenture and quit the bs.
govt first borrows, than prints, then demands you pay their graft , credit card payments with interest , pay to play schemes for votes. along with normal govt business.
the first cuts They ask for is essential, (military) or in cities police etc.because of course the population will say , but that's actually needed!
really hate them.
Posted by: ette at December 31, 2012 10:47 AM (nqBYe)
Posted by: Adjoran at December 31, 2012 02:39 PM (ZHQvg)
_______________
On what planet? He's at 57% Rasmussen today. He won election with 51%.
Posted by: Mr. Moo Moo at December 31, 2012 10:47 AM (HDgX3)
F 'em all.
Let. It. Burn.
Posted by: RoyalOil at December 31, 2012 10:47 AM (imtbm)
Others call the "speech" a "political rally" and "tone-deaf."
It's nothing new for the jackass but the MFM always covers for him
Posted by: TheQuietMan at December 31, 2012 10:48 AM (1Jaio)
Posted by: Your Moron pal, Truman North at December 31, 2012 10:48 AM (I2LwF)
It is amazing how they do it. The agreement as described is the perfect ass raping of America.
And I will bet the usual suspects in the R party and pretend R journalists will hail it as a great deal.
Wait until it actually comes out what is in it in Feb. And then think back to now and say how did they write that deal all in one day?
Posted by: Guy Mohawk at December 31, 2012 10:48 AM (69Mdf)
Posted by: Anna Puma (+SmuD) at December 31, 2012 10:48 AM (fx1PU)
Posted by: nerdygirl at December 31, 2012 10:49 AM (cA2ZD)
Vote them all out!
Posted by: jeremiah God Damn Barack Obama the Mother Fucking SCoaMF wright at December 31, 2012 10:49 AM (+OTLF)
Posted by: CDR M at December 31, 2012 10:49 AM (dKV5k)
---
Yeah. An ATM is one of those machines where I don't have any money and the AMT is the reason my ATM doesn't have any money. See also SOL.
Posted by: WalrusRex at December 31, 2012 10:50 AM (VlXYw)
Posted by: alexthechick - SMOD. Team Stompy. at December 31, 2012 10:50 AM (VtjlW)
Posted by: sexypig at December 31, 2012 10:50 AM (dZQh7)
Posted by: 80sBaby at December 31, 2012 10:51 AM (YjDyJ)
97....govt first borrows, than prints, then demands you pay their graft, credit card payments with interest , pay to play schemes for votes.along with normal govt business.
Yeah, see, that's the thing, ette...the borrowing and printing devalues out money.
So they make us pay off their Debt, with money that is worth less, thanks to them!
Posted by: wheatie at December 31, 2012 10:51 AM (K4wCe)
Posted by: small town girl at December 31, 2012 10:52 AM (8KGvR)
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 10:52 AM (9+ccr)
It doesn't matter what any of them do now. The math will take over.
Posted by: pep at December 31, 2012 10:52 AM (6TB1Z)
Posted by: Fourth Virginia at December 31, 2012 10:52 AM (P3dtw)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 10:52 AM (bxiXv)
Posted by: 80sBaby at December 31, 2012 10:52 AM (YjDyJ)
Posted by: alexthechick - SMOD. Team Stompy. at December 31, 2012 10:52 AM (VtjlW)
Posted by: Butters at December 31, 2012 10:52 AM (NIZHJ)
Posted by: WalrusRex at December 31, 2012 10:53 AM (VlXYw)
Posted by: Mr. Pink at December 31, 2012 10:53 AM (++kZl)
Posted by: Justamom at December 31, 2012 10:53 AM (Sptt8)
Posted by: Mr. Pink at December 31, 2012 10:53 AM (++kZl)
And it encourages non-productivity. The 70-year-old who owns the business, rather than working until he can't, puts the breaks on the business because he has no reason not to. Even if he doesn't do this consciously, he'll take that vacation because, why not?
Posted by: AmishDude at December 31, 2012 10:53 AM (T0NGe)
Posted by: TheQuietMan at December 31, 2012 10:54 AM (1Jaio)
Posted by: Paul at December 31, 2012 10:54 AM (g4Saz)
Posted by: rickb223 at December 31, 2012 10:54 AM (GFM2b)
Posted by: alexthechick - SMOD. Team Stompy. at December 31, 2012 10:54 AM (VtjlW)
Posted by: Vic at December 31, 2012 02:42 PM
I'm sure all the Republicans in Congress will eagerly support President-For-Life Choom Boy's request to give him all the money he needs to keep his "base" (and Moo-Chelle) rollin' in the dough.
All the entitlements for the protected classes and spiffs for rich Democrats will go through on schedule. The only ones hurt will be those who work, and some who want to work but whose jobs are lost in the New Era of Justice and Equality.
We have just seen the end of the United States. Liberals will cheer and "conservatives' will, as always, talk. And talk, and talk, and talk.
Posted by: MrScribbler at December 31, 2012 10:54 AM (yKUrR)
Posted by: CDR M at December 31, 2012 10:55 AM (dKV5k)
Posted by: Anna Puma (+SmuD) at December 31, 2012 10:55 AM (fx1PU)
Posted by: Butters at December 31, 2012 10:55 AM (NIZHJ)
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 10:55 AM (9+ccr)
I wish the Rs would re-play Obama words on the debt limit.
Posted by: Fresh at December 31, 2012 10:55 AM (O7ksG)
Posted by: Andrew at December 31, 2012 10:56 AM (HS3dy)
Posted by: Paul at December 31, 2012 10:56 AM (g4Saz)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 10:57 AM (bxiXv)
---
Yeah, and then TFG drives the suitcase full of money in the swamp.
Posted by: WalrusRex at December 31, 2012 10:57 AM (VlXYw)
103Boner has lowered expectations so far, my initial thought was that this was a good deal.
The only thing 'good' about it...is that if they do end up keeping the Bush Tax Cuts in place for incomes below 450K...then all those Obamacare Taxes that kick in after the 1st, cannot be blamed on the R's.
Oh, they may try...but it will fail.
$1 Trillion in Obamacare taxes will be all on the Dems.
Most people don't know those are kicking in, in 2013.
Posted by: wheatie at December 31, 2012 10:57 AM (K4wCe)
I don't think that's the right translation, but I don't care all that much, really. o.o Drew is absolutely correct - if you continue to vote R after this, you simply are not paying attention.
Intolerable Acts stuff here.
Posted by: Kinley Ardal at December 31, 2012 10:57 AM (pcaFm)
Posted by: MikeTheMoose Is Shrugging at December 31, 2012 10:57 AM (E3jRc)
Posted by: Bevel Lemelisk at December 31, 2012 10:58 AM (PVNda)
Posted by: Paul at December 31, 2012 10:59 AM (g4Saz)
1 Thessalonians 5:3 - While people are saying, "Peace and safety," destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape.
This is where we are right now.
Posted by: Kinley Ardal at December 31, 2012 11:00 AM (pcaFm)
Posted by: RoyalOil at December 31, 2012 11:00 AM (imtbm)
And now for something completely different: How about that Adrian Peterson!
There. I feel better already.
Posted by: Foghorn Leghorn at December 31, 2012 11:00 AM (n8LUb)
I don't know... it's almost like those people in Washington WANT us to have to send more money to Washington.
It's crazy, I know, but I think I'm starting to see some sort of pattern emgering.
Posted by: BurtTC at December 31, 2012 11:00 AM (TOk1P)
Posted by: sexypig at December 31, 2012 11:01 AM (dZQh7)
"Addicted to Love" is a boot reference.
Give me some "Best of Both Worlds" - some taxes, some cuts. Err, no cuts. He looks like one dapper sonofabitch regardless.
Posted by: 0302 at December 31, 2012 11:01 AM (mtyCh)
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 11:01 AM (9+ccr)
Posted by: Butters at December 31, 2012 11:01 AM (NIZHJ)
"Wonder how many scoamf voters are aware the that their hasn't federal budget in four years?"
FIFY.
Office closing in six minutes. Am off to buy books to cheer me up. Why do I need physical books when I have three kindles you ask? Shut up is why.
Posted by: alexthechick - SMOD. Team Stompy. at December 31, 2012 02:54 PM (VtjlW)
I'm on my way out, too, my Empress. BTW, there's a new book out called Women From The Ankle Down - it's a history of women's shoes. I'm going to pick it up this weekend; I'll let you know if it's worth getting.
Happy New Year, all - as much as it can be. See you on the headline thread tomorrow.
Posted by: Mary Poppins' Practically Perfect Piercing at December 31, 2012 11:02 AM (zF6Iw)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:02 AM (fx1PU)
Posted by: AmishDude at December 31, 2012 11:02 AM (T0NGe)
Posted by: sexypig at December 31, 2012 11:02 AM (dZQh7)
Posted by: LibertarianJim (#teamletitburn) at December 31, 2012 11:02 AM (/3xt8)
The House still needs to vote on this. I'm sure the dem side is getting an earfull of the constituents displeasure over the $250,000 income minimum for higher taxes. So they may not have any dem votes for this.
And the Tea Partiers won't vote for it, period. It's not a done deal yet.
Posted by: Soona at December 31, 2012 11:03 AM (4ME3G)
The people do not care. Has this not been established?? I am baffled here.
Posted by: Kinley Ardal at December 31, 2012 11:03 AM (pcaFm)
The debt ceiling will be the time to demand spending cuts.
(hahahahaahah)
I think that makes sense for two reasons:
1) We should be very, very happy to separate talks of taxes and cuts together - that implies taxes are some sort of trade-off for cuts.
2) The debt ceiling sharpens the public's focus on the DEBT and deficit, and its easy to explain - hey look the debt is getting bigger and we need to fix that. Ok, let's cut spending.
(hahahahaaa)
We already did taxes, right? Right now the media is able to ignore the debt ceiling because they can hand wring on taxes and the cliff.
Haha
Posted by: sexypig at December 31, 2012 03:01 PM (dZQh7)
Posted by: ette at December 31, 2012 11:03 AM (nqBYe)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 11:03 AM (bxiXv)
Posted by: 80sBaby at December 31, 2012 11:04 AM (YjDyJ)
Any comment that starts with "The GOP needs to..." is total wishcasting. They are doing what they need to do: protecting their pork, jobs and statuses as members of the Washington Elite. That is what they live for.
What they really "need to do" is DIAF, along with their equally greedy and self-centered but more dangerous Democrat brethren. This country will continue to race down the road to becoming Zimbabwe West as long as Choom Boy and Congress hold office.
Posted by: MrScribbler at December 31, 2012 11:04 AM (yKUrR)
167 -
Oh no! If the R party loses the House, those people in Washington might start raising taxes!
Posted by: BurtTC at December 31, 2012 11:04 AM (TOk1P)
Posted by: Imp Branigan at December 31, 2012 11:05 AM (x9s9/)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:05 AM (fx1PU)
Posted by: MrX at December 31, 2012 11:05 AM (PxmNZ)
sexypig
half the country won't care .
the media will cover for Obama and what They are doing.
just like the last 4 years.
Oh and' Republicans trying to kill granny!'
Posted by: ette at December 31, 2012 11:05 AM (nqBYe)
Posted by: small town girl at December 31, 2012 11:05 AM (1zmtP)
Posted by: Bevel Lemelisk at December 31, 2012 11:05 AM (gvWL9)
Posted by: Mordrach at December 31, 2012 11:06 AM (JpTx7)
Posted by: Obamao at December 31, 2012 11:06 AM (JtyGg)
Posted by: Tim Geithner at December 31, 2012 11:06 AM (QKKT0)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 11:06 AM (bxiXv)
Posted by: Kinley Ardal at December 31, 2012 03:03 PM (pcaFm)
You're right... If they had cared they would not have re-elected obama .Seems they're too busy watching honey boo-boo and dancing with the stars to be bothered. Oh they get the occasional news fromJohn Stewart telling them conservatives are to blame for everything, but mostly they go about their days wondering what they can get for free and when the next video game is coming out....
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 11:06 AM (9+ccr)
Posted by: zombie edward g. robinson at December 31, 2012 11:07 AM (jPVBi)
I don't want to gut the military but there's no point in having a military if we continue to gut the country.
Posted by: DrewM. at December 31, 2012 11:07 AM (UfvyB)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 11:07 AM (bxiXv)
Posted by: D. Hopper at December 31, 2012 11:08 AM (AVfT8)
Ha. That's some good negotiatin' right there. Yessirreee. Just tell em something you would like to have but not really needed. Brilliant!
Posted by: Guy Mohawk at December 31, 2012 11:08 AM (69Mdf)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:08 AM (fx1PU)
Posted by: toby928© for TB at December 31, 2012 11:09 AM (QupBk)
And nearly 30 million households would be protected from paying the costly alternative minimum tax for the first time — either on their 2012 tax returns or at any time in the future. The developing agreement calls for a permanent fix."
Posted by: ette at December 31, 2012 11:10 AM (nqBYe)
Posted by: DrewM. at December 31, 2012 11:11 AM (UfvyB)
It hasn't been voted on yet...so this is not a done deal.
There are so many things in the Bush Tax Cuts that will have to be 'split up', in order to leave them in place for the people under 450K incomes.
Things like the Standard Deduction, Inheritance Taxes and Capital Gains Taxes, are not covered in the individual 'tax rate'.
Posted by: wheatie at December 31, 2012 11:11 AM (K4wCe)
Posted by: someguy at December 31, 2012 11:11 AM (sEXZ/)
Let the democrats own all of their tax hikes. It's what they want.
We all know the Dems want to not only tax the already over-taxed "rich" -they want to tax the middle class.
So what if they blame the R's. Who cares?
Google/Cayman 2016.
Posted by: Fresh at December 31, 2012 11:12 AM (O7ksG)
Posted by: small town girl at December 31, 2012 03:05 PM (1zmtP)
LOL, I had thought by now everyone, especially you 'ettes, had learned to NEVER research an unknown term.
In any case, time for me to shutdown. I'll try to make it back for the news thread tomorrow with links. But if things work out the way they normally do when I start hitting the stuff, I will not make it up at my 4 am time to start pulling them together.
So ya'll have a good one. I am going to watch puppies and think good thoughts.
Posted by: Vic at December 31, 2012 11:12 AM (53z96)
Posted by: Andrew at December 31, 2012 11:12 AM (HS3dy)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:13 AM (fx1PU)
200 -
Gosh, I hope this passes. If he doesn't get his Plan C, Gabe is really REALLY going to give us a stern talking to tomorrow morning.
Posted by: BurtTC at December 31, 2012 11:13 AM (TOk1P)
Posted by: Vic at December 31, 2012 03:12 PM (53z96)
Bye Vic... Happy New Year!
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 11:13 AM (9+ccr)
Posted by: MikeTheMoose Is Shrugging at December 31, 2012 11:13 AM (3KcWf)
Posted by: game set MATCH at December 31, 2012 11:13 AM (x9s9/)
This is such a bunch of bs. Seriously, they will announce they have come to an agreement on terms and off to the new years party they go.
Posted by: Guy Mohawk at December 31, 2012 11:14 AM (69Mdf)
Posted by: nerdygirl at December 31, 2012 11:14 AM (cA2ZD)
F. T. W.
LiB to the ground.
Posted by: hannitys_hybrid at December 31, 2012 11:14 AM (zpqa2)
Posted by: Anna Puma (+SmuD) at December 31, 2012 03:05 PM (fx1PU)
--------------------------------------------
It goes back further than that. It was the amendment for the income tax that started it all. Congress has been feeding on the country's largesse since then. It's how they rebuff any debate on real tax reform.
The income tax is how they control us.
Posted by: Soona at December 31, 2012 11:14 AM (4ME3G)
It's fun to dump on the GOP, init. They are not in power, so lets kick em while they are down. We lost the WH and the senate. If Romney or Gingrich or Any of the R's had won the election, the tax rates would remain the same. Perhaps they might even go down a bit to get us through the recession.
The good news is that we will still hit a double dip recession. Tax hikes kill incentive.
Posted by: Fresh at December 31, 2012 11:14 AM (O7ksG)
Posted by: Butters at December 31, 2012 11:14 AM (NIZHJ)
Precisely. The idea that now the people will be able to stop, look at the news, and objectively notice the debt/deficit as an issue by itself is wishcasting in the extreme.
The people have priorities. (A. What can I get? (B. What will it cost me personally in the short term?
It goes no further than that. Who pays for the stuff they get? Irrelevant, it is someone else. What will happen to them, personally, down the road? That is years away, we'll figure something out sometime.
We have desperate, hopeful folk here, willing themselves to believe that their countrymen will now notice the impending DOOM coming upon us, but they simply do not understand the state of the country, and their brethren. This is one of Aesop's fables. We are the ants, they are the grasshoppers, they do not give a damn about your solemn, heartfelt warnings. I'm not saying this to be mean, it's just the cold truth.
When winter comes, the grasshoppers will turn on one another, and on the ants. Nothing can stop the coming winter.
Let it burn, stay frosty, stay out of debt, pray always, and stay close to folks you can trust.
Posted by: Kinley Ardal at December 31, 2012 11:14 AM (pcaFm)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:15 AM (fx1PU)
Posted by: Fresh at December 31, 2012 11:15 AM (O7ksG)
rofl
"Finish"?
Try starting at some point, you lying innumerate pinhead.
Posted by: Waterhouse at December 31, 2012 11:16 AM (m3fr6)
"And it encourages non-productivity. The 70-year-old who owns the business, rather than working until he can't, puts the breaks on the business because he has no reason not to. Even if he doesn't do this consciously, he'll take that vacation because, why not?"
++
Posted by: RM at December 31, 2012 11:16 AM (TRsME)
And yet, they all act like they won their district 49.5 to 49.4.
Oh, wait: What was that I said about how could you tell if the Republicans were not trying to expand the size, scope and reach of the federal government, what would they do differently?
Nothing.
F 'em.
Let. It. Burn.
Posted by: RoyalOil at December 31, 2012 11:16 AM (imtbm)
Posted by: hannitys_hybrid at December 31, 2012 11:16 AM (zpqa2)
AMT.
Alternative Minimum Tax.
Posted by: torquewrench at December 31, 2012 11:17 AM (gqT4g)
Posted by: Fritz at December 31, 2012 11:17 AM (w3+gB)
Posted by: Butters at December 31, 2012 11:18 AM (NIZHJ)
Posted by: Anna Puma (+SmuD) at December 31, 2012 03:15 PM (fx1PU)
---- 1913 was no piece of cake either
Posted by: Velvet Ambition at December 31, 2012 11:19 AM (R8hU8)
Posted by: Butters at December 31, 2012 11:20 AM (NIZHJ)
Posted by: toby928© for TB at December 31, 2012 11:20 AM (QupBk)
Psst- It seems that you may have accidentally flipped the first number upside down.
Posted by: Hollowpoint at December 31, 2012 11:20 AM (SY2Kh)
Obama may have killed the deal with his asshole speech.
from link:
Potus just moved the goalpost again. Significantly. This is new,” wrote Josh Holmes, McConnell’s chief of staff.
Sen. John McCain (R-Ariz.) took to the Senate floor to deliver a blistering critique, accusing Obama of seeking short-term political gain at the expense of the nation’s economy. He denounced the speech as “a cheerleading, ridiculing of Republicans exercise.”
“So what did the president of the United States just do?” McCain asked. “Well, he made a couple of jokes, laughed about how people are going to be here for New Year’s, sent a message of confrontation to the Republicans.... I guess I have to wonder — and I think the American people have to wonder — whether the president really wants this issue resolved, or is it to his short-term political benefit for us to go over the cliff?”
Posted by: Fresh at December 31, 2012 11:20 AM (O7ksG)
I hate that I thought of Miley Cyrus first.
Posted by: Waterhouse at December 31, 2012 03:20 PM (m3fr6)
Well that's okay, I thought of Star Trek first.
Posted by: Kinley Ardal at December 31, 2012 11:21 AM (pcaFm)
227 -
Nah, Boehner is about to be the new leader of the Majority Party: the Demorepublicraticans.
Posted by: BurtTC at December 31, 2012 11:21 AM (TOk1P)
Posted by: nerdygirl at December 31, 2012 11:21 AM (cA2ZD)
Posted by: JustMe at December 31, 2012 11:21 AM (kb4wz)
Posted by: Fourth Virginia at December 31, 2012 11:21 AM (P3dtw)
Yes, and it will become apparent very soon that this just isn't so, that THEY are the someone. We don't need the true parasite class; we lost the last election because well meaning fools in the middle voted for this guy. People like the kid's apparel store owner in NY who thought his taxes would rise only $1-2k, if at all. A lot of people are in for a very unpleasant surprise.
Posted by: pep at December 31, 2012 11:22 AM (6TB1Z)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:22 AM (fx1PU)
THIS IS NOT THAT BAD..............
Now come the spending cuts part of the debate. Folks, this really is not that bad of a horse trade.
Am I the only one who thinks so?
Posted by: Prescient11 at December 31, 2012 11:22 AM (tVTLU)
Posted by: no good deed at December 31, 2012 11:23 AM (mjR67)
Posted by: Anna Puma (+SmuD) at December 31, 2012 03:22 PM (fx1PU)
Have is been mentioned yet how awesome you are?
Because it definitely should have been.
Posted by: Kinley Ardal at December 31, 2012 11:23 AM (pcaFm)
Few years too late, but hey, better late than... nevermind.
Posted by: Kinley Ardal at December 31, 2012 11:24 AM (pcaFm)
235
Obama may have killed the deal with his asshole speech.
Yeah, it was a gloating speech.
He was basically doing a..."Nah nah nah, nah NAH nah", and sticking his thumbs in his ears.
Posted by: wheatie at December 31, 2012 11:25 AM (K4wCe)
There are NEVER any cuts. Ever.
Cutting means the trend line goes down, not goes up less steeply. DOWN.
Posted by: hannitys_hybrid at December 31, 2012 11:25 AM (zpqa2)
vote 3rd party and get assholes like Montans's John Tester re-elected. This according to Mother flipping JOnes.
jeez.
Posted by: Fresh at December 31, 2012 11:25 AM (O7ksG)
Am I the only one who thinks so?
Depending on how it's played, it could be a good thing long term. The only thing that matters here is getting it through the thick heads of the electorate that this is unsustainable, and that it hurts THEM. Individual deals right now are less important. Yeah, yeah, RINO, hills, etc.
Posted by: pep at December 31, 2012 11:26 AM (6TB1Z)
Posted by: Fresh
Dear Sen. McCain, if you find yourself increasingly wondering about Pres. Obama and his motivations perhaps it's time you do your wondering elsewhere.
Posted by: weft cut-loop [/i] [/b] at December 31, 2012 11:26 AM (KDq5l)
Posted by: maddogg at December 31, 2012 11:26 AM (OlN4e)
Posted by: Gran at December 31, 2012 11:27 AM (0pcT0)
Posted by: Fresh at December 31, 2012 11:27 AM (O7ksG)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 11:27 AM (bxiXv)
I'm in no mood for anything but football and a persistent beer buzz from now until (at least) tomorrow night. Cliff or no cliff, we're headed straight to Shitsville in 2013. I tried contemplating the range of plausible/likely foreign policy crises we could face in Obama's second term, ended up contemplating a glass of moonshine instead.
Posted by: Lincolntf at December 31, 2012 11:27 AM (tkoGU)
Extra crap please!
Posted by: hannitys_hybrid at December 31, 2012 11:28 AM (zpqa2)
Y'think Boehner will start off at thirty-three billion outta one trillion plus again, or will he move the needle a little bit?
Posted by: Kinley Ardal at December 31, 2012 11:28 AM (pcaFm)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:29 AM (fx1PU)
Same old congressional gravy train, different day.
These cheap theatrical scumbags all need to be arrested, both parties.
Posted by: ontherocks at December 31, 2012 11:29 AM (aZ6ew)
Thank you, you've been a great audience! Don't forget to tip your waitress. I'll be here all week.
Posted by: Baron Von Ottomatic at December 31, 2012 11:29 AM (6WVi+)
Posted by: Aaron at December 31, 2012 11:30 AM (Tlix5)
Posted by: Anna Puma (+SmuD) at December 31, 2012 11:30 AM (fx1PU)
Posted by: 80sBaby at December 31, 2012 11:30 AM (YjDyJ)
yes merovign, you're hilarious.
But are republicans so fucking stupid that they don't understand that they hold the nuclear weapon in this debate.
The FUCKING DEBT CEILING!!!! Get the tax part done and then press your advantage.
Do we forget exactly who the fuck holds the cards in which part of this debate. we need to get the deal done. Now we know spending cuts are part of what comes next.
NOW WE CAN CONTROL THE NARRATIVE. We have the power now. Or at least a good portion of it.
I'm not happy with the outcome, but I wasn't happy with the election results either. We need to finalize this and press our advantage when we actually have a FUCKING ADVANTAGE.
Americans were expecting this. If this clown obama tries to raise taxes again, after he just did, that will go very bad for him.
Posted by: Prescient11 at December 31, 2012 11:31 AM (tVTLU)
Extra tax revenue from evil rich (mostly white) people: 70 billion
Posted by: Mr. Moo Moo at December 31, 2012 03:10 PM (HDgX3)
And those good rich liberals (Buffett, Hollywood, the MFM etc.) already have every tax dodge and loophole ready to use while lecturing the country about paying more. If the tax would financially castrate assholes like that I'd be for it
Posted by: TheQuietMan at December 31, 2012 11:31 AM (1Jaio)
Posted by: Your Kansas City Chiefs at December 31, 2012 11:32 AM (ZOf1l)
Posted by: Bevel Lemelisk at December 31, 2012 11:32 AM (Hw3Gh)
The all voted for Obama. Almost to a man. Those doctors and lawyers that live in the posh section of your town? They are all democrats. Nearly every damned one. They all WANT this tax-hike.
Let them eat it.
Posted by: MrShad at December 31, 2012 11:33 AM (Xqfwb)
Dear Leader purposely blew it with his speech. I don't think there's going to be a deal.
I still think he wants to go over the cliff and raise taxes on the middle class. That's where the majority of this nation's money is anyway.
Leftists don't want them raising the $250,000 threshold either.
Posted by: Soona at December 31, 2012 11:33 AM (4ME3G)
Posted by: Bevel Lemelisk at December 31, 2012 11:34 AM (Hw3Gh)
Yeah, it was a gloating speech.
He was basically doing a..."Nah nah nah, nah NAH nah", and sticking his thumbs in his ears.
Posted by: wheatie at December 31, 2012 03:25 PM (K4wCe)
He could probably fit his fists up to his wrists into those jug ears of his.
Posted by: Sandra Fluke's solid gold diaphragm at December 31, 2012 11:34 AM (T7gPe)
Yeah, I'm throwing the bullshit flag on this one.
Posted by: no good deed at December 31, 2012 11:34 AM (mjR67)
276 -
I'm trying to do the math, but I'm running out of fingers and toes. Akin, Mourdoch, Brown would get us to..... 48?
So McConnell would STILL be Minority Leader, just less so. Great.
Posted by: BurtTC at December 31, 2012 11:35 AM (TOk1P)
Bevel:
I agree that it's not the ideal. Personally, I don't think the rate should ever be above 33% regardless of what someone makes. 4 months as a slave to the federal government is enough for me.
But it does look like a fair compromise and does bring in a shit ton of revenue by eliminating the payroll tax deduction, which frankly makes up a very big part of the revenue, I am fine with that.
And it closes deductions for wealthy blue state fucks, so I'm ok with that as well.
Again, not ideal, but we were never going to get a perfect solution here. Now it's time for us to control the debate.
Posted by: Prescient11 at December 31, 2012 11:38 AM (tVTLU)
Posted by: Merovign, Dark Lord of the Sith at December 31, 2012 11:41 AM (bxiXv)
After all, I'm here To Serve Man
Posted by: Barack the Kanamit at December 31, 2012 11:41 AM (wwsoB)
Posted by: Mr. Moo Moo at December 31, 2012 11:48 AM (HDgX3)
Posted by: Fresh at December 31, 2012 03:27 PM (O7ksG)
_______________________________
And thanks a lot voters in Montana and N.D. that elected a Dem to office while voting for Romney by 10%+. I hope you didn't enjoy owning guns too much.
Posted by: Mr. Moo Moo at December 31, 2012 11:49 AM (HDgX3)
Posted by: wth at December 31, 2012 11:52 AM (wAQA5)
And thanks a lot voters in Montana and N.D. that elected a Dem to office while voting for Romney by 10%+. I hope you didn't enjoy owning guns too much.
-______
No doubt. part of that is the democrat machine that pimped 3rd party candidates behind the scenes.
Posted by: Fresh at December 31, 2012 11:59 AM (O7ksG)
The fact that that idiot fake indioan Eliz.Warren won over brown in MA has more to do with the idiots of MA than Brown.
Posted by: Fresh at December 31, 2012 12:00 PM (O7ksG)
Posted by: Draki at December 31, 2012 12:00 PM (I0PG6)
Posted by: Hello, it's me Donna let it burn really.really bummed at December 31, 2012 12:04 PM (9+ccr)
letÂ’s pass the tax relief portion now. LetÂ’s take whatÂ’s been agreed to and get moving. The President wants this, members of Congress want to protect taxpayers, and we can get it done now.
Let me be clear: We will continue to work on finding smarter ways to cut spending, but letÂ’s not let that hold up protecting Americans from the tax hike that will take place in about 10 hours.
We can do this. We must do this.
Mitch McConnell, Prince of Atlantis
Posted by: Laurie David's Cervix at December 31, 2012 12:14 PM (kdS6q)
BTW -- good thing the Republicans in the House waived their 72 hour rule yet again so no one else will have a chance to review and comment on this legislation before it's passed.
Democracy!
Posted by: Laurie David's Cervix at December 31, 2012 12:16 PM (kdS6q)
Posted by: MlR at December 31, 2012 12:47 PM (vR2l5)
Obama's press conference was the most surreal thing I've ever seen.
It was like a Jim Jones rally. Kool-Aid to be served later.
They're clapping for what...? Higher taxes?
Oh wait- keeping the Bush tax cuts- are they going to thank Bush next?
We have a debt problem and we've done nothing to cure it.
But we've raised taxes and Obama will use those taxes for more spending.
We also have a trillion dollar Obamacare tax hike on January 1st. That will hit everyone.
Hoorah!
What a bunch of douches.
Posted by: marcus at December 31, 2012 12:47 PM (aATlM)
In exchange for giving Obama almost every thing he wants, Republicans got...nothing?
Fuck 'em.
Let It Burn.
Posted by: egd at December 31, 2012 12:47 PM (pgpHz)
before the election.... Not 250000 for a couple. Am I wrong?
Posted by: Baldy at December 31, 2012 12:51 PM (opS9C)
Is it really "conservative" to not give permanent tax relief to around 97% of Americans all because you want Obama to take a hit in the polls? Do we really want to throw hundreds of billion of more dollars in front of Reid and Obama to spend on more worthless stimulus?
If we go back to the Clinton tax rates, my tax bill goes up around $30k for 2013. I'm not sure Obama taking a mild dip in the polls is really worth that, at least not to me.
Posted by: Jeepers at December 31, 2012 12:52 PM (XDRsa)
and so now they are going to write up a bill and get it past through both the House and the Senate before midnight?
because it was my understanding that law kinda has to get made that way...
Posted by: Secession of the Plebs at December 31, 2012 12:59 PM (m6OUa)
and so now they are going to write up a bill and get it past through both the House and the Senate before midnight?
because it was my understanding that law kinda has to get made that way...
Posted by: Secession of the Plebs at December 31, 2012 12:59 PM (m6OUa)
hmmmm, just doesn't seem to be there, weird.
Posted by: Secession of the Plebs at December 31, 2012 01:07 PM (m6OUa)
Posted by: Caustic at December 31, 2012 01:19 PM (/b8+5)
Posted by: Caustic at December 31, 2012 02:16 PM (/b8+5)
Posted by: owlpellets at December 31, 2012 03:58 PM (dmEoV)
Posted by: jeremiah God Damn Barack Obama the Mother Fucking SCoaMF wright at December 31, 2012 05:49 PM (+OTLF)
Posted by: Smarty Pants at December 31, 2012 06:51 PM (Iyxcf)
Posted by: owlpellets at December 31, 2012 07:13 PM (dmEoV)
Posted by: Smarty Pants at December 31, 2012 07:29 PM (Iyxcf)
Posted by: owlpellets at December 31, 2012 07:37 PM (dmEoV)
Posted by: Smarty Pants at December 31, 2012 07:50 PM (Iyxcf)
Posted by: owlpellets at December 31, 2012 07:52 PM (dmEoV)
Posted by: owlpellets at December 31, 2012 07:58 PM (dmEoV)
- 318 - Slipping a bit there? Must be tough trying to figure how to pay yourself without paying your fair share of tax. After accelerated depreciation, Section 179 depreciation and any other expenses your hot-shot CPA suggested, I'll bet you don't pay much in income tax. I'm crying crododile tears for you.
Posted by: Smarty Pants at December 31, 2012 08:39 PM (Iyxcf)
Posted by: owlpellets at December 31, 2012 09:18 PM (dmEoV)
Posted by: Smarty Pants at December 31, 2012 10:26 PM (Iyxcf)
Posted by: toby928© for TB at January 01, 2013 03:23 AM (QupBk)
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Posted by: simpleton at December 31, 2012 10:29 AM (i3pKT)