You should read the comments in the latest update post on the so-called “fiscal cliff” negotiations on the NYTimes. The jig is up. Republicans are threatening to screw us now and blow up the economy in a couple of months just so some rich people can keep their incredible deal on taxes. Oh, yeah, they’re really concerned about the deficit. Read some of these beauties
Once again, I considerate it unconscionable for the right wing Republicans (Tea Party included) to obstruct the normal functioning of our government down to the wire. We Americans don’t deserve such treatment from Republican congressmen. Hopefully, these renegades will be voted out in their next respective elections. Good riddance!
Let’s go off the cliff. As a middle class taxpayer, I am OK with that.The Republicans’ will be paying for it long range. They should — as fierce defenders for the 0.1% , holding the country hostage!
Tax increases for everyone are not horrible, especially if Congress acts to phase them in over time rather than letting them hit all at once. The bigger problem is a failure to act on Medicare, AMT, cancelling the sequester, etc. Congress should stop wrangling over what they can never agree on and take up the pieces of legislation they can now pass given the increase in revenue projections from new tax revenues.
It should be clear that the Republicans desperately want cuts to Medicare and Social Security cuts but do not want to take any responsibility for them. That is why they will not say what cuts they want, or for that matter, what loopholes they want to close to increase revenue. This of course follows running on how the President cut Medicare.
Pres. Obama has been clear what he wants on revenue, I would think that the Republicans should not also force him to list the cuts they want.
So instead we will continue to let the rest of the world think we are ungovernable when they hold up increasing the debt ceiling to force agreement for cuts they want. And we can succeed, again, in tanking the economy.
And this one is the top comment with over 128 recommends:
I know this whole “Democracy” thing is a lot of smoke and mirrors, and is largely a charade, but The American People spoke in November, and we support President Obama’s plan, and overwhelmingly agree that the wealthier among us need to pay more than the rest of us.
The real crime here is that no matter what happens, it seems likely that the “Romney Rate” on income earned from dividends will barely budge up from its current 15%. Keep in mind that dividends were counted, and taxed the same, as regular income before the Bush Tax Cuts were put in place (at 39.6% marginal rate).
That rate has dropped from 39.6% to just 15%. That is what the GOP donors are really fighting for, the preservation of this lop-sided, unjust, and class warfare tax rate that does nothing but suck wealth out of this economy.