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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  4/26/2015
WEDNESDAY, JAN 2, 2013  |  9 comments  |  2 commentaries
Congress Passes Cliff Deal: Largest Tax Increase in Two Decades

Congress broke a rancorous stalemate Tuesday to pass legislation designed to avert the so-called fiscal cliff. But the compromise bill, which blocked most impending tax increases and postponed spending cuts largely by raising taxes on upper-income Americans, left a host of issues unresolved and guaranteed continued budget clashes between the parties.

The bill represented the largest tax increase in the past two decades and was passed over opposition from conservative Republicans in the House who objected to the fact that it contained no long-term spending cuts of any significance. ...


CLICK HERE to Read Entire Article
online.wsj.com

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· Page 1 ·  Found: 9 user comment(s)
News Item1/3/13 11:02 PM
San Jose John | San Jose, CA  Find all comments by San Jose John
Mike wrote:
Fared well with Sandy cause I live a few hundred miles from there. A friend of mine who works for the power co was working there a week or so ago. He said there are a lot of folks still without elec or gas. And I thought the president fixed all that when he visited for 2 hours before the election! I guess it's not so important now.
That surprised me a bit too. I really thought he was going to ride in there and start throwing money around like past presidents have done amid similar past disasters. Instead he made a brief visit, spoke a few words, posed with what looked to me (from the photos I saw) like an adoring Chris Christie, and then went right back on the campaign trail. It's all about "priorities" I guess.
9

News Item1/3/13 6:23 PM
Unprotitable Servant | Georgia  Find all comments by Unprotitable Servant
Jim Lincoln wrote:
...
excerpt from, Raising Top Tax Rates Is a Very Big Deal
The article is based on fiction rather than fact. It based upon the fallacy that taxing is a zero sum game. Higher taxes equals more revenue and lower taxes bring less. It has been proven time and time again that the opposite is true. In the 20's they wanted to tax the wealth more to increase revenue, but a cabinet member noticed that as tax rates had risen, a larger percentage of money was switched into bonds and tax shelters. They lowered the rate and we know the rest as the roaring twenties. EVERY time taxes were lowered, revenue to the government went up and the amount of money the wealthiest actually paid increased. http://www.columbian.com/news/2012/sep/18/higher-tax-rates-dont-always-result-in-more-revenu/
8

News Item1/3/13 2:54 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Mike of N.Y., as has been pointed they are the winners, and I see this fellow helped stop John McCain race, though of course McCain shot himself in the foot by having Palin for VP.

Actually, think of Buffett and Gates, a higher tax rate would be good, in spite of the article I used, at least more of their money would stay in the Country that gave them infrastructure to get that wealth.

Jim Lincoln wrote:
Passed over the objections of the political minions of the ... Plutocracy...? Wow! I'm all broke up about that!!! Now admittedly, people like the mega-rich Buffet is much like the Romish Church who says do as I say, not do as I do! q.v., The Sage of Omaha speaks, but his actions speak louder, and while his and other charitable activities might be laudible apparently he doesn't realize that "Charity begins at home"
Rather a short but good overview:
excerpt from, Raising Top Tax Rates Is a Very Big Deal
7

News Item1/2/13 9:35 PM
Mike | New York  Find all comments by Mike
Barry from KY wrote:
Well, technically Mike from New York, they seem to be winners. At least, during this election cycle.
BTW, hope you didn't suffer due to Sandy. Haven't been on much for the last few months. Hope you fared okay brother!
Yes, even winners can be losers in some respects, Barry.
Fared well with Sandy cause I live a few hundred miles from there. A friend of mine who works for the power co was working there a week or so ago. He said there are a lot of folks still without elec or gas. And I thought the president fixed all that when he visited for 2 hours before the election! I guess it's not so important now.
6

News Item1/2/13 8:44 PM
Barry from KY | Northern KY  Find all comments by Barry from KY
Mike wrote:
Before considering his "short but good overview," who is Robert Creamer? From his site's bio:
"During the 2008 Presidential Election he worked for the Democratic National Committee as National Coordinator of field based rapid response to Republican candidates McCain and Palin. During his career, he has worked on hundreds of electoral campaigns at the local, state and national level. He is also an author and regular contributor to the Huffington Post. Creamer is married to Congresswoman Jan Schakowsky from Illinois. His book is titled, Stand Up Straight: How Progressives Can Win."
If any are interested in his wife's "progressive" voting record:
Imagine That
It's understandable why you like these losers, Jim.
Well, technically Mike from New York, they seem to be winners. At least, during this election cycle.

BTW, hope you didn't suffer due to Sandy. Haven't been on much for the last few months. Hope you fared okay brother!

5

News Item1/2/13 5:21 PM
Mike | New York  Find all comments by Mike
Jim Lincoln wrote:
---
Rather a short but good overview:
excerpt from, Raising Top Tax Rates Is a Very Big Deal
Before considering his "short but good overview," who is Robert Creamer? From his site's bio:

"During the 2008 Presidential Election he worked for the Democratic National Committee as National Coordinator of field based rapid response to Republican candidates McCain and Palin. During his career, he has worked on hundreds of electoral campaigns at the local, state and national level. He is also an author and regular contributor to the Huffington Post. Creamer is married to Congresswoman Jan Schakowsky from Illinois. His book is titled, Stand Up Straight: How Progressives Can Win."

If any are interested in his wife's "progressive" voting record:
Imagine That

It's understandable why you like these losers, Jim.

4

News Item1/2/13 4:29 PM
Rufus | Fort Worth, TX  Protected NameFind all comments by Rufus
moving on wrote:
"Not since 1991 has a Republican in Congress supported such a move—a challenge to its brand as the antitax party."
Welcome to european style socialist economic stealth politics America. Obama has won the new style Americans and the political polemics which they brought into government.
Republicans consider themselves to be an anti-tax party? What strong delusion.
3

News Item1/2/13 4:18 PM
moving on  Find all comments by moving on
"Not since 1991 has a Republican in Congress supported such a move—a challenge to its brand as the antitax party."

Welcome to european style socialist economic stealth politics America. Obama has won the new style Americans and the political polemics which they brought into government.

2

News Item1/2/13 2:28 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Passed over the objections of the political minions of the ... Plutocracy...? Wow! I'm all broke up about that!!! Now admittedly, people like the mega-rich Buffet is much like the Romish Church who says do as I say, not do as I do! q.v., The Sage of Omaha speaks, but his actions speak louder, and while his and other charitable activities might be laudible apparently he doesn't realize that "Charity begins at home"

Rather a short but good overview:

Robert Creamer wrote:
...the wealthiest two percent has syphoned off all of that economic growth, and as a result everyday Americans haven't had the money to buy the new products and services that the economy produced. That has been a formula for economic stagnation -- and the demise of the middle class.
excerpt from, Raising Top Tax Rates Is a Very Big Deal
1
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