Republicans have a choice: 1] Kneel and kiss the emperor Obuma's ring (total capitulation) or 2] walk away. My guess, they will chose #1 having ignored the only real option; House R's pass a Bill making all Bush Tax Cuts permenant and send it to the Senate.
If he wants to increase taxes on the rich, then increase the Social Security wage cap to $10 million, increase social security income testing from 70 to 75 or more.
Two birds with one stone!!
Minor fix to SS. Tax the rich !!
It angers me that Republicans keep letting themselves get out-maneuvered. They need to demand a long-term plan or accept no plan at all. Democrats keep putting this off for a reason. It's so they can keep bringing it up. Obama needs this argument to keep pushing his class warfare. Why are republicans so stupid? How is it that every average conservative I know understands these things and yet these so called professional legislators are so blind. You have to disarm this president. He uses division to get what he wants. Turn his own weapons against him.
"Did Obama just admit he’s ready to concede increased taxes on the rich…for now?" - NO King Obama is making fools of Republicans.
Organizations like the Heritage Foundation, various Tea Party groups and conservative political pundits opposed Boehner's 'Plan B' and pressured House members not to support it. That has left Republicans with McConnell negotiating with Reid and Obama.
In the past, the RINOS in the Senate have caved on every deal that they made with Democrats which was then forced upon the House to support. I have no doubt that McConnell will cut a deal that once again gives Obama and Democrats what they demand and getting nothing in return.
All this could have been avoided if Boehner's 'Plan B' was passed by the House. There was no risk since Obama and Reid had already rejected it. However if it had passed, that would have put pressure on Obama, Reid and Democrats to come up with a bill that would pass the Senate - since Obama became President, every budget he proposed failed to get the needed support from Democrats.
So I hope all those who agreed with the leftist MSM about Boehner caving are happy with RINO McConnell negotiating a deal by tomorrow.
I still say a flat tax and cut the freakin' pork. That will save billions. Go here and see the most ridiculous pork bills...http://www.businessinsider.com/the-worst-pork-of-2010-2010-4?op=1
This disgusting (and illegal) 'president' has hijacked hundreds of millions of taxpayer dollars from the NIH to fund unhealthy projects. http://frontpagemag.com/2012/dgreenfield/obama-hijacks-500-million-from-national-health-research-budget-to-promote-diversity/
Trillions and Billions have gone down the tube for Obama's political and ideological comrades and political projects:
- to fund green businesses operated by his political cronies that failed in less than two years, making them nothing more than money laundering schemes.
- to promote the unhealthy homosex/bisex/etc. lifestyles that result in 44 times increased incidence of HIV and 46 times increased incidence of all other STDs.
- to fund and arm the Islamist revolutions in the so-called Arab Spring.
- to continue funding entitlements, including for illegals.
Did he say he is annoyed about repeating this over and over?
Simple solution, instead of you telling Senator Reed to do a basic package again, maybe tell him to start putting bills up to cover the budget like the House has done year after year. Then you would not have this repeating deals, but one every year that covers and shows in greater detail your crazy spending.
Notice NOBODY is saying ANYTHING about reducing spending. Even if they reach some sort of deal, we are still going broke faster than you can say the word "debt." This is all smoke and mirrors, gang. Unless we get our $16+ Trillion debt under control, we are still going to be Greece by 2016. And if that happens, you will have sky-high unemployment, huge taxes, no economic growth, and civil unrest that will make the Rodney King riots look like a joke. What do you think will happen when all those people living off the government don't get their monthly checks or food stamps? I'll leave it to you to imagine what this country will be like when it finally does go broke.
The debt will never be under control so long as the vast majority of people believe in the myth of 'the free lunch' courtesy of the federal government.
Make people pay for the entitlements they receive (rather than shifting the burden onto 'the rich') and you'll see a massive shift in the public perception about big government, even amongst liberals. People are all too happy for government to be massive, so long as they don't have to pay for it, or don't have to pay the lion's share of the cost of it. Ask yourself how happy they'd be for government to be massive if they had to pay for the benefits they actually receive. Not too bloody happy at all, I'd say. In fact, you'd see a massive rebellion against big government.
Big government can only exist so long as people know that they can receive largesse paid for by those richer than themselves. Big government dies the moment people are forced to pay the full price for the largesse they receive.
"Did Obama just admit he’s ready to concede increased taxes on the rich…for now?"
Obama also said this.
"The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government 's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
~ Senator Barack H. Obama, March 2006
Why should we believe a word that comes out of this situational hypocrite's mouth.
Hannity said something on his program that got me thinking. He said he spoke with someone in the meeting today, and he says of the $4Trillion in tax hikes scheduled in 2013, Obama will give back $3 Trillion and claim them as the Obama Tax Cuts.
As much as I hate to admit this but Obama and the Democrats are freaking brilliant.
We are going over the cliff.
Obama will then will push the Tax Rates for the "98/99%" back to the Bush cuts era, Reduce the Capital Gains/Dividends back to or slightly lower than Bush era levels (even with new Obamacare tax) The Obamacare taxes will be altered to be less damaging in exchange for eliminating Loopholes Liberals dislike. And because it's Obama, these rates will be permanent.
To sum it up,
We'll go over the cliff- Republicans will be blamed.
Obama will propose his Tax Reform plan to be retroactively implemented (the Tax Rates for Wealthy will remain at Clinton era levels, Tax rates for rest of us will be Bush Era, and Capital Gains/Dividends will be only slightly lower than Bush.) and will be permanent.
This adds certainty to markets, Economy will then rebound/boom. Revenues for Government will then go up as Economy grows...
So in 2014 Pelosi will get the 17 seat gain she needs to be speaker and the final 2 years of Obama's administration, we'll get the rest of his liberal agenda passed.
We need to go over the cliff. The Republicans, if they have #ManParts for it, should use the debt ceiling increase to: (1) permanently set current tax rates for top 2 and bottom level and lower the 2 middle class permanently; (2) reduce the federal budget to the pre-Clinton levels; (3) eliminate all refundable tax credits; (4) defund ObamaCare; (5) defund all Czars; (6) reduce federal employee levels to 1960 levels; (7) limit welfare and foodstamps to 6 months and make them loan programs; (8) make welfare and foodstamp recipient information public and encourage the public to report fraud; and (9) eliminate the EPA, the DOE, DHHS.
BHO's "logic" about our financial problems -> he just gave raises to Congress and that idiot Biden!!!
What a great money saving move! What a leader!
Don't trust a word this liar says... he's forsaking the radical pose... and trying to score browny points to suck in the gullible Republicans.
doesnt make one bit of difference... taxes are going up for EVERYONE... he is hell bent on bankrupting the country and thats what he is going to do...
The only thing I want to hear him say is "effective immediately I am resigning as President of the United States" everything else is blah blah blah
Sorry, Right Scoop... listen carefully... Obama said "ONE THAT PROTECTS THE MIDDLE CLASS".... which means that his "basic package" is to raise taxes on those making over $250,000 per year!!! (Which is what he wanted all along, but hey, going over the cliff is even better because then everyone will pay more taxes and he has more money to spend!)
So, this is all kabuki theater to make it look like he is willing to negotiate when in reality all he is doing is orchestrating this to blame the Republicans.
He has not made any concession or compromise... it is "my way or the highway".
We are NOT poised to grow in 2013 as long as this man is in the White House and Reid is unwilling to allow ANY House legislation to the Senate floor! They are the obstructionists because the House has passed and submitted budgets and plans that WOULD grow the economy... Harry Reid refused to allow a vote on them!
This is a repeat pattern because the SENATE has not passed a budget since Obama took office - and Obama knows this!!! They want to govern by continuing resolutions so that they can continue to spend without restraint. That is why Obama demanded the right to raise the debt ceiling without congressional approval, never mind that it would be completely unconstitutional!
THIS MAN IS SUCH A LIAR & MANIPULATOR!!! And if you look at the comments on a liberal website like NBC, the drones who voted for this man believe he is sincere and factual in everything he says! The facts they quote are ludicrous and they blame the TEA Party for the gridlock, thanks to the leftist talking points in the media, etc.
One comment on NBC said that Obama has only increased spending 6%. Do you think he realizes that the almost $1 trillion stimulus is now built into the baseline, so that 6% is calculated ABOVE the extra $1 trillion annually???
"ne comment on NBC said that Obama has only increased spending 6%. Do you think he realizes that the almost $1 trillion stimulus is now built into the baseline, so that 6% is calculated ABOVE the extra $1 trillion annually???"
Did you happen to try and school the moron who thinks bo has only increased spending by 6%? Not that it would do any good, the leftists have misplaced their brains, never to be found.
Oy vey iz mir!!
No... I didn't have an account set up on NBC and have no desire to have an account there, so I couldn't reply.
And as you say --- what is the point? These drones are useful idiots with nothing between their ears. Anyone who takes Obama at his word and does not see what he is doing is clearly brain dead!!!
I don't trust him
He is way too slick
Boehner will get stuck again
Go over the cliff
Show the peoples what they voted in !
By the way - When are IMPEACHMENT proceedings starting?
(I have a one track mind)
Obama is just saying that to sound reasonable like when he says things like "this isn't about politics." It's all a game.
The Bush tax cuts suck, The Obama Tax increases suck, we need tax reform and also cut everyone's taxes more especially now with Obamacare the law of the land on the back of the economy.
Ya know something else ordinary folks do Mr. President? They only spend money they actually have. They don't spend an extra 30-50% above their income year after year after year.
Now the Repubs need to grow a pair.....
on Monday ... pass a real across the board 5% tax cut for everyone.
defund Coburn's list of stupid stuff
then don't come back til after the inauguration
""one that protects the Middle Class from an income tax hike""
Middle class to him means people under 250,000. For those over, the taxes would automatically rise.
But doesn't say that. If you listen to the speech, he says he wanted tax increases on the rich, BUT...
You have to pay attention to the 'but'.
There's no way after being offered 800 billion by the Speaker, he's extending all the cuts for a year. Maybe a month, when the Ds will pick up seats in both Houses.
He's term-limited and the most ardent liberals call it a "curb" not a cliff. He doesn't care about a recession, especially one that can be blamed on the Rs.
After everyone's taxes go up on Jan 1 he'll travel around the country shouting to anyone who will listen "I'll sign a tax break for the 98% today, if the Republicans will get it to my desk today!"
It'll take him maybe a week, maybe two, to break the House Republicans. They'll give him the top 2%, and no spending cuts. The Rs don't want the cuts either, esp the military ones.
Obama looks like the defender of the Middle Class, Rs look incompetent (well, they look like what they are). Sorry if that's too much of a reality check, but that's just the way I think things are going to play out. Happy NewYear.
As always with Obama, there are two "butts".
His first but meant "I want a big package that GROWS THE ECONOMY", ""BUT"" we have to do something now, soooooooo.
In his second but he basically says that if the Senate can't reach a larger more comprehensive package with cuts and rate hikes probably around 500,000, then he wants a vote on "HIS" package which is "BASIC" and simply does the unemployment benefit and "protects the middle class" from tax hikes. So the second but is simply if the senate can't get a bigger deal, then they should vote on my smaller deal. I guarantee you his smaller deal does not "protect the rich" from tax hikes.
So the second but is........."but" if they can't make a deal they should atleast vote on my deal. Thats all I think his butt's meant.
Extending unemployment benefits AGAIN! The employers pay this, not the employees. My business is assessed at the federal and state level even though I have ZERO employees. This on top of the ObamaCare taxes will be just another reason for businesses to layoff in January.
What are you talking about? What type business structure are you? Sole Proprietor, Partnership, LLC, or Standard Corporation (.inc)?
Well, I said twice now that it sounds like you treat yourself as your own employee and you have not responded to it, either time. You have also not agreed that limited liability also comes from being treated as both an LLC or as a corporation, whether that corp be an S or a C.
Limited liability comes both ways. If you are a C corporation, which we have been, you cannot be sued individually. That is limited liability. The corporation itself would be liable, not the owners of said corporation...limited liability, whether it be an LLC, an S or a C.
I have more than 1 business entity. One is closed given Barky Boy's re-election but I still need to file tax returns and have paid taxes on the earnings and profits. I am looking to move and expand that business to Canada.
My open business is an LLC and taxes as an S Corp. That is a tax election and does not provide for limited liability. It is the underlying formation that provides for the limited liability. S Corporations take distributions, C Corporations pay dividends. All of my MN colleagues that tax as an S Corp are assessed federal and state unemployment taxes.
What kind of distribution? A dividend? An S corporation has limited liability too, in that it is a separate entity treated like an individual. Hence, the hue and cry that "corporations are not people". Sure they are. By law, corporations are treated as separate persons.
It sounds to me like you are an "employee" of your own company.
Also, I wish you would stop saying, "That is not true" about what I say. It is true. I don't say untrue things, unless it's clearly sarcasm or a joke.
In addition, you clearly said you closed your business right after Obama was reelected, right here on this site. Was that "not true"?
Not true. The S Corporation allows for a distribution where an LLC does not. In my case, I wanted the distribution to pull cash out of one business to start another one without paying taxes on that distribution as a wage. The limited liability comes in the LLC, the S Corp is simply for tax purposes.
I'm not sure about MI. It might be because MN is so in deficit with its national participation that we are getting assessed more. I just received notice of a 14% increase at the state level. I can only imagine what the feds will do.
If you do not treat yourself as an employee, the only reason to be a sub-chapter S corp. would be for the limited liability. So, you must treat yourself as an employee. Therefore, you would indeed have an employee, one...yourself.
I don't get a separate bill for it in Michigan. It appears to be true to me. Been in business in Michigan since 1998. No employees either.
No. I also pay both sides of Social Security and Medicare. I get a separate bill for federal unemployment and state unemployment taxes.
We operate as a sole proprietorship married. We have to pay both sides of FICA and SS. Is that what you are talking about?
As the owner, I am not entitled to receive unemployment benefits. I'd have to look at the specific language but it's essentially because I am a business and as a business we are required to make up for the lack of funding from businesses with employees because of excessive demand (both fed and state are running in a deficit). Trust me, it's just another reason to shut everything down.