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They need the republicans to blame for thier own failures.
They could do whatever they want to do.
It sure does seem that way, they can't even get all of the Dems to support their bills much less the Republicans. It sounds to me like conservatives are the party of NO but the Dems have become the party of Probably not.
Why do the Dems let a Republican filibuster stop them? They have the majority, they don't need Republicans for anything.
A majority is not going to stop a filibuster. A filibuster stops a final vote from happening, which is what the GOP has done numerous times and has said they will do with the extension of the tax cuts.
The Bush cuts with the exception of the top two brackets (couples making over $250,000 and singles making under $200,000) will remain in effect based off proposals put forth by Obama and Congress. However, the Republicans have threatened to filibuster it, so no vote has been held yet.
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Originally Posted by Smash255
And none of that will occur as long as the GOP doesn't filibuster the extension as they have threatened to do.
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Originally Posted by workingclasshero
and just where would you like a link from...what would you call a valid link???
For most people, these higher rates are moot. They only apply to the highest of flyers. Fewer than 1% currently pay the 35% rate and fewer than 4% even pay 33%, says the IRS. As for the old 39.6% rate: Adjusted for inflation, you'd only pay that now on any income over $363,000 a year.
All right, so the tax rates will stay the same, eh? The 10% remains. Right?
Under the Dems plan, the 10% will remain, the 15% will remain, the 25% will remain, the 28% will remain (and actually get extended upward), what will change is portion of the 33% bracket will increase to 36% (the part of the bracket under $250,000 will actually drop to 28%), and the 35% bracket, will increase to 39.6%.
For most people, these higher rates are moot. They only apply to the highest of flyers. Fewer than 1% currently pay the 35% rate and fewer than 4% even pay 33%, says the IRS. As for the old 39.6% rate: Adjusted for inflation, you'd only pay that now on any income over $363,000 a year.
So I say again... False and... False...
ok so the WSJ is a righty???
and what does the 39% bracket have to do with the 10% bracket
the POINT was the 10% bracket will disappear and will be a 15% bracket for the LOWEST earners
and what does the 39% bracket have to do with the 10% bracket
the POINT was the 10% bracket will disappear and will be a 15% bracket for the LOWEST earners
again you keep moving the goal posts
What goal posts?... You just got shot down by your own article... Nice try with your right wing spin on the facts... Only the top 2% incomes will see any significant tax increase...
Are you one of them?...
Mine went down a lot under Obama. What with the credit for retirees and the property tax credit, it was significant. Unlike under Bush where it was literally not noticeable. Let's face it, the GOP believes in trickle down economics and it did not work under Bush, but tax cuts to people who have trouble meeting their bills means it will go right into the economy to pay for not only cloths and stuff, but for new roofs, boilers, water heaters, computers and so forth.
Keep in mind NOBODY pays the nominal tax rate. And the wealthy certainly have accountants and advisors who can manipulate their taxes with donations, trusts, LLC's - the list goes on and on.
There was an interesting interview with Buffett about two years ago. He freely admits that his tax rate after his breaks was less than his staff making less than $50,000 a year. At that time he issued a challenge to other big corporate executives to reveal their personal tax rate and surprise, no one did.
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From The Tax Foundation - Comparison Worksheets...
