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The Bush tax cuts were also supposed to be temporary, since they had a built in ten-year sunset provision. Same with the 2-year extension of those rates in 2010. So, I guess by your logic none of those tax increases would have been "raising your taxes" either, since they were also designed to be for a specific duration.
I was for letting them expire back when. Our government has a bad habit of making "temporary" changes permanent by infinite "renewals".
I'm also for letting the Patriot Act parts expire when they were supposed to as well.
Those were all put in place at specific times in history for specific reasons.
There were expirations attached to them as well.
Raising your taxes is not only letting them expire but increasing them as well.
P.S. everyone, the Senate bill includes a provision (sec. 902, page 153) that excludes members of Congress from the President's recent executive order giving raises to federal employees.
Last edited by John Dark; 01-01-2013 at 12:00 PM..
If I were leading the House Republicans, I would allow the tax increase as passed by the senate, BUT...
I'd insist on significant cuts in entitlements as a price for agreeing to the tax increases.
That was kind of their position many weeks ago. Entitlement reform isn't part of the cliff avoidance deal. And the sequestration has been pushed off to deal with in the future.
But take heart....a debt ceiling vote will be coming up in the next couple of months, and entitlement reform is going to be at the top of the GOP's negotiating list.
Here is a good article about that same re run we have all seen before but the Senate has forgot :
Quote:
In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes,” Americans for Tax Reform says of those two incidents. “The tax hikes went through, but the spending cuts did not materialize. President Reagan later said that signing onto this deal was the biggest mistake of his presidency.
"In 1990, President George H.W. Bush agreed to $2 in spending cuts for every $1 in tax hikes. The tax hikes went through, and we are still paying them today. Not a single penny of the promised spending cuts actually happened.”
That was kind of their position many weeks ago. Entitlement reform isn't part of the cliff avoidance deal. And the sequestration has been pushed off to deal with in the future.
But take heart....a debt ceiling vote will be coming up in the next couple of months, and entitlement reform is going to be at the top of the GOP's negotiating list.
And just like now their backs will be up against the wall when the debt ceiling debate takes place, and the press and {D}s will be screaming bloody murder about a credit rating down grade. We have already seen this movie and I hate re runs. The house should nix the deal and get a fair horse trade instead of volunteering to screw themselves with no leverage later.
And just like now their backs will be up against the wall when the debt ceiling debate takes place, and the press and {D}s will be screaming bloody murder about a credit rating down grade. We have already seen this movie and I hate re runs. The house should nix the deal and get a fair horse trade instead of volunteering to screw themselves with no leverage later.
And that credit rating downgrade is not because we refuse to raise the debt ceiling although that's what the press will report.
The more debt we take on as revenue shrinks, the higher our risk of not being able to pay back that debt.
You have the Fed pumping $80 billion of made up money into the system each month and that's not enough.
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