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We've been told for years now that the "Bush Tax Cuts" were somehow bad. That they only helped the rich. And of course that they were responsible for the ballooning budget deficits, caused the fiscal meltdown, high unemployment and everything short of scoliosis. And we've been told about how great things were during the Clinton era.
So, if that's the case, why were Democrats so adamant that "Bush era" tax rates on 98% of the population be continued? If they were really so evil, why didn't Obama and a Democratic Senate simply let them expire? I mean, heck we'd be right back before those nasty old tax cuts took place. If they only helped "the rich" why do you care about the 98% who would then be unaffected?
Or are they simply that terrified that the public will figure out they have been lied to when they saw their first paycheck of 2013? That they would realize that the lower tax rates really were due to a Republican president and congress?
My opinion only, house Republicans really screwed up by passing this latest bill. They could have simply let the rates return to the Clinton levels for a month or so and give much of the population a good bite of a reality sandwich.
Last edited by Toyman at Jewel Lake; 01-02-2013 at 08:37 PM..
They could've, but Obama made it clear that his first piece of legislation would be that same tax cut, except that instead of the tax hike hitting folks making 400-450k like it will under this deal, it would've been at the 200/250k mark instead. Then he was gonna dare the Republicans to reject it. The Bush Tax Cut then becomes the Obama Tax Cut when it passes. Is that what you want?
The Republicans took this deal because they had no choice. They were outmaneuvered.
BTW....the Clinton years really were wonderful...just so you know.
We've been told for years now that the "Bush Tax Cuts" were somehow bad. That they only helped the rich. And of course that they were responsible for the ballooning budget deficits, caused the fiscal meltdown, high unemployment and everything short of scoliosis. And we've been told about how great things were during the Clinton era.
So, if that's the case, why were Democrats so adamant that "Bush era" tax rates on 98% of the population be continued? If they were really so evil, why didn't Obama and a Democratic Senate simply let them expire? I mean, heck we'd be right back before those nasty old tax cuts took place. If they only helped "the rich" why do you care about the 98% who would then be unaffected?
Or are they simply that terrified that the public will figure out they have been lied to when they saw their first paycheck of 2013? That they would realize that the lower tax rates really were due to a Republican president and congress?
My opinion only, house Republicans really screwed up by passing this latest bill. They could have simply let the rates return to the Clinton levels for a month or so and give much of the population a good bite of a reality sandwich.
Actually, from 2010 til present, those tax cuts were Obama tax cuts, not the GOP's.
I don't know where the OP gets the idea that any reasonable person - from either the right or the left - might claim that the tax cuts benefited only the wealthy. Must be suffering from a neocon hallucination of some sort.
I don't know where the OP gets the idea that any reasonable person - from either the right or the left - might claim that the tax cuts benefited only the wealthy. Must be suffering from a neocon hallucination of some sort.
We've been told for years now that the "Bush Tax Cuts" were somehow bad. That they only helped the rich. And of course that they were responsible for the ballooning budget deficits, caused the fiscal meltdown, high unemployment and everything short of scoliosis. And we've been told about how great things were during the Clinton era.
So, if that's the case, why were Democrats so adamant that "Bush era" tax rates on 98% of the population be continued? If they were really so evil, why didn't Obama and a Democratic Senate simply let them expire? I mean, heck we'd be right back before those nasty old tax cuts took place. If they only helped "the rich" why do you care about the 98% who would then be unaffected?
Or are they simply that terrified that the public will figure out they have been lied to when they saw their first paycheck of 2013? That they would realize that the lower tax rates really were due to a Republican president and congress?
My opinion only, house Republicans really screwed up by passing this latest bill. They could have simply let the rates return to the Clinton levels for a month or so and give much of the population a good bite of a reality sandwich.
Maybe you were too young to remember the Clinton era, but it was great! There was prosperity for the poor, middle-class and wealthy. The poverty rate was at record lows and people were becoming millionaires at the same token.
Anyways, it's not a good idea to take money away from the middle-class during a delicate economic recovery because the middle-class drives demand, which drives business, which drives the economy. However, if we are serious about solving our deficit in the mean time without harming the middle-class, we need extra revenues in addition to spending cuts and entitlement reform, which is why 2% of Americans will see their income tax increase this year.
I don't know where the OP gets the idea that any reasonable person - from either the right or the left - might claim that the tax cuts benefited only the wealthy. Must be suffering from a neocon hallucination of some sort.
So you have two idiotic and treasonous parties. Theres a shocker.
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