Harry Reid on Fiscal Cliff: “We Are Not Going to Do Anything” (Congress, Pelosi)
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1) Tax rates go back to the glory days of president Clinton
2) Huge tax revenues come rolling in, at least initially
3) The military is slashed to the bone
4) The democrats will be pleaded with to save the people from high taxes, (even though they are the architects of those tax increases.)
5) The dems will fly in like super heros to save the lower income earners with a tax cut (see #4 above)
It's a big win-win for dems, and proof that Boehner is a useful stooge.
Because if they vote for it they won't get credit for it the house would. They can't have that. They actually want this all to play out so they can scream the republicans are doing nothing. Wonder how the weather is in Hawaii??
No shock here. The do nothing dems in action yet again. All the republicans fault though according to the swooners.
"Senate majority leader Harry Reid, a Democrat, made his "fiscal cliff" position clear in a press conference today. "We are not going to do anything," said Reid.
Reid added, "We are not taking up anything they are working on over there."
The top Democrat in the Senate was explaining his inaction on the House plan, the proposal put forward by Republican John Boehner, the speaker of the House of Representatives. Boehner's plan is being referred to as 'Plan B.'
"Boehner described his Plan B as a fallback option to prevent a sweeping tax hike when tax cuts from the administration of President George W. Bush expire at the end of the year. Sources said the Boehner measure also would include extending the current estate tax and alternative minimum tax, two steps sought by Republicans," reports CNN.
The 'Plan B' option tracks closely to a proposal put forward by Democrats earlier this year.
But now Reid won't even allow the Senate to vote on Boehner's proposal.
In the past, Reid has indicated he'd be open to compromising. "We are willing to compromise," he said earlier this month, "but we also will not consign the middle class to higher tax bills while millionaires and billionaires avoid all the pain."
Now that Republicans have a serious proposal that would pass the House and would seem to meet the requirements Democrats previously insisted on, Reid won't permit a vote.
It makes no difference what the republicans do,....they will be blamed for the results by Obama and the liberal media.
It's time for the republicans to not cave in to Obama's stupid political pandering and let the country go over the "fiscal cliff" where everyone has to share the pain. If you're going to bear the blame, do it now and give the country a couple of years to cool off while the revenue pours into the coffers.
Obama refuses to consider anything other than exactly what he DEMANDS from the republicans. It's his way or nothing, even though taxing those making over $250k will only bring in about $80b each year while the deficit climbs by $1.25 trillion.
Obama is the consummate political liar. Obama knows his hard line will produce nothing on significance for revenue, but has to stick with the misinformation he spread during the campaign.
By making the first move, Boehner has revealed the extremism of Democrats, who now are willing to throw Social Security recipients under the bus while sparing the entitlement community.
First, I'd like to see a good source on that. 2nd, most people in the 10-30k income range pay no income taxes.
The under $30K will be the "moocher class"
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