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And of Dems cared, they would have passed (the Senate) and signed (Obama) the bill passed by the House that doesn't punish anyone. Why haven't they done that? Do they care more about punishing people that (tended to) vote against them than they do about hurting the other 98% of the country? Why are they willing to increases tax rates by 50% on the lowest income earners, just to raise top rates from 36% to 39%? Why not fix loopholes and deductions that let the top income earners actually pay at a far lower rate, as Republicans have proposed? Rates are smoke and mirrors for highest income earners anyway, but Dems don't want to address that.
Well it seems to be that 2% is the only problem here with the Republicans and Democrats, no one on either side has a problem with extending the 98% so why can't the House pass a bill that extends it for 98%? Seems like an easy win to me.
People always propose to fix loopholes, they never fix them, that is just a talking point to get you off their backs.
To anyone not close minded or partisan I think that it is obvious that both parties are playing the same game.
Of course they are, now all we are doing is trying to find out who has the upper hand. But the House knows that if they pass the tax cuts for 98% it would pass tomorrow in the Senate and President.
Will Obama toss 98% of America under the bus, just to punish 2%
He may willingly toss 98% under the bus, not necessarily to punish anyone. But more to get what he wants. And tossing the whole country under the bus would be the quickest most efficient way to achieve that goal.
Well it seems to be that 2% is the only problem here with the Republicans and Democrats, no one on either side has a problem with extending the 98% so why can't the House pass a bill that extends it for 98%? Seems like an easy win to me.
People always propose to fix loopholes, they never fix them, that is just a talking point to get you off their backs.
So extend the current tax rates, then work on comprehensive reform that streamlines the entire tax code. Reduce rates, as well as eliminate ALL CREDITS, cap deductions (especially charitable) and eliminate tax shelters. No one, regardless of income should pay 36%, let alone 39% of their income to the government. Yet high income taxpayers shouldn't end up with lower effective rates than middle income earners either. Which they do now. And no one should pay nothing (unless they are physically or mentally incapable of working). SImply raising rates, with out addressing the underlying code, will not fix that. Only thing is, BOTH parties have many high income doners that have structured a tax code to protect them.
Will Obama toss 98% of America under the bus, just to punish 2%
He may willingly toss 98% under the bus, not necessarily to punish anyone. But more to get what he wants. And tossing the whole country under the bus would be the quickest most efficient way to achieve that goal.
Actually that would be an easy way to then turn around and create a tax cut that effects 98% and call it the Obama tax cuts and have it retroactive to January 1st., would be hard to stop something like that from passing if it omits the 2% after the Bush Tax Cuts goes down in flames.
So extend the current tax rates, then work on comprehensive reform that streamlines the entire tax code. Reduce rates, as well as eliminate ALL CREDITS, cap deductions (especially charitable) and eliminate tax shelters. No one, regardless of income should pay 36%, let alone 39% of their income to the government. Yet high income taxpayers shouldn't end up with lower effective rates than middle income earners either. Which they do now. And no one should pay nothing (unless they are physically or mentally incapable of working). SImply raising rates, with out addressing the underlying code, will not fix that. Only thing is, BOTH parties have many high income doners that have structured a tax code to protect them.
People didn't have a problem paying that in the Clinton Era and we were doing good then.
OP claims Obama wants to punish 100%, it's not the same as half full, half empty.
You might want to work on reading comprehension. I asked if he was willing to punish 100% of the population in order to punish 2%. (to be more exact, would he do so if he couldn't punish the 2%) Not that he "wanted to". I'm sure he would rather extend the cuts for the 98% if he can get his way. That way much of the country remains blissfully ignorant of the fact that the so-called Bush Tax Cuts benefited every tax payer.
Republicans should be working on a good PR blitz for January. "Remember those evil tax cuts brought to you by George Bush and the Republican House and Senate? Remember how Democrats told you for a decade that they only helped the rich? Did you look at your paycheck this month? Notice anything different? Do you get it now?"
Obama is working on the smoke screen now...rather than showing some leadership and working to prevent the expiration of the cuts.
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