Take a stand on tax cuts -- now

An increase in 2011 would be disastrous for Americans

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After the 2008 election, Republicans pressed their views in a supposedly bipartisan meeting with the new president.

"I won," Mr. Obama said dismissively and arrogantly.

So much for changing the tone in Washington.

Well, he didn't win on Nov. 2 -- suffering historic and embarrassing losses for his party in Congress, even for a midterm president.

Now, Republicans can say, "We won."

Indeed, every Republican senator has vowed in a letter to block all other extraneous legislation in this lame-duck session until the so-called Bush tax cuts are extended past Dec. 31 and a bill funding the federal government is passed.

Democrats have yet to propose or pass a bill funding the government for the current fiscal year.

The "mainstream" media will likely try to paint Republicans as obstructionists. The truth is, they're speaking for the majority of Americans, who want the economy dealt with before anything else.

Unless the tax cuts are extended, all of us will see our taxes go up in just a few weeks -- which will be yet another body blow to an economy struggling to recover from 9.6 percent unemployment and uncertainties and fears surrounding U.S. tax policy, the viability of the dollar and the teetering world economy, most conspicuously seen in Western Europe.

It's frankly beyond amazing that Mr. Obama and congressional Democrats are so unable to focus on that -- especially considering the "shellacking" Mr. Obama admits to having absorbed at the ballot box on Nov. 2.

If it takes a strong and principled stand by Republicans to help him and his cohorts in Congress get focused on taxes and spending, so be it.

They won, right?

Thank goodness they did. Otherwise, who would force Obama and the Democrats to focus on the taxing and spending -- their second-biggest obligation after keeping us safe?

Instead, Democrats, who are losing control of the House in January, want to rush through a bit of social engineering -- making the children of illegal aliens legal, and allowing gays to serve openly in the military -- as well as serious foreign policy -- a landmark nuclear treaty with Russia -- all in the harried last days of a session of a Congress that has already essentially been fired by the American people.

However they are portrayed in the media, Republicans are forming a firewall against this distracting nonsense and trying to get Washington focused on preventing huge tax increases in January -- and preventing the government from having to shut down for lack of funding.

If the tax cuts expire, middle-class Americans will instantly see hundreds of dollars more in taxes being withheld from their paychecks each month -- by one estimate, more than $400 a month for an income-earner of $80,000.

This dithering on the tax cuts has gone on far too long. Everyone has known for a decade they'd expire without congressional action. Now all of a sudden, just weeks before the disastrous tax hikes would hit, the president's chief adviser says there's a sense of "urgency"? What a cock-and-bull story that is!

The pressure is on. Democrats will have to deal with this now and decide, once and for all, whether raising taxes by millions of dollars in a recession-weakened economy is something they really want to do.

If so, we all will have lost.

Comments (81)

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gaspringwater
3
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gaspringwater 12/01/10 - 11:57 pm
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0

Scenarios projected by

Scenarios projected by Moody's Analytics:

( 1 ) Make the tax cut permanent and the deficit will increase by 4 trillion dollars over the next decade. The economy will grow 2.95 percent next year and unemployment will average 9.9 percent next year. Many economists say high-income Americans tend to squirrel away most of the tax money they save. A report from the Congressional Budget Office agreed. The wealthiest would get the largest breaks. Those near the bottom of the income scale would get an average cut of about $70 in 2012. A family of four with taxable income of $1 million would save more than $50,000.

( 2 ) Let the tax cuts expire and the deficit will drop to $732 billion and growth will drop 0.9 percent next year and unemployment will rise to 10.7 percent

( 3 ) Extend tax cuts for everybody except the wealthy and the economy will grow 2.6 percent next year and unemployment will average 10 percent and 3 trillion will be added to the deficit over the next decade.

dichotomy
26889
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dichotomy 12/02/10 - 12:09 am
0
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The Dems are trying to

The Dems are trying to portray the Republicans as cruel and heartless by pushing more social spending programs while knowing the Republicans will block them. Fine. I want some heartless people up there because those are exactly the kind of people we need to get the tax rates maintained at the current level and to force some spending cuts. We don't need to be feeding kids after school unless we cut their momma's welfare check and food stamp allocation. We don't need to extend unemployment benefits either. That might motivate some folks to take some of these jobs I see advertised out here. Make the Democrats pay for every new program by cutting on existing USELESS program.

Insider Information
4009
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Insider Information 12/02/10 - 12:40 am
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1) Anyone who believes the

1) Anyone who believes the revenue generated from a tax increase on the upper class will go to paying the debt is smoking some really good stuff.

2) Lawmakers insist that taxes must be raised immediately, but at the same time say cuts can be made...down the road.

3) Oppose all tax increases until constitutional amendments are approved mandating balanced budgets and capping spending at a set percentage of GDP.

faithson
4601
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faithson 12/02/10 - 02:01 am
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This propaganda the AC spews

This propaganda the AC spews about taxing those who 'enjoy' the most is ludicrous. Anyone who says you can't tax those who can actually afford to be taxed does not speak for the American Middle Class I come from and know. They parrot a self absorbed concept for their own 'self interest'.

Jon Lester
2220
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Jon Lester 12/02/10 - 03:32 am
0
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Frankly, when you say things

Frankly, when you say things like "principled stand," it's really not very far removed from your old favorite talking point, "good intentions are what got this country in trouble."

ReformedRepub
0
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ReformedRepub 12/02/10 - 05:04 am
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Of course Ole Billy want the

Of course Ole Billy want the cuts extended, and if the ACES wants to remain the ACES, they want them too. I'll be derned if I'd let someone buy or blackmail MY opinion.

skeptic griggsy
39
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skeptic griggsy 12/02/10 - 05:29 am
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Fellow inquirers, what about

Unpublished

Fellow inquirers, what about those tax shelters and so forth that allegedly permitted the 91% tax rate to be effectively less than that of today?
See my last three posts agreeing with Mr. Palmer and others in yesterday's comments.

skeptic griggsy
39
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skeptic griggsy 12/02/10 - 05:38 am
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That social engineering is

Unpublished

That social engineering is Americanism- fairness! That is the patriotic duty of us all!
We liberals urge reactionaries to fathom the Constitution without their well- trained eyes. It is that living constitution that Mr. Jefferson calls for us to honour: it is how we rebel in his manner.
Gee, I thought that I was of Irish descent but found out recently no, rather of British descent- to set the record straight from years ago in a letter to the editor.

Mad Hatter
0
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Mad Hatter 12/02/10 - 05:48 am
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How do you figure that making

How do you figure that making the tax rates the same as they have been for a decade will add 4 trillion to the deficit, GASP? You really need to stop listening to the brainwashing, and do some thinking on your own. That is absurd? I mean, think about that statement for just a few seconds. If it were true that it would add 4 trillion to the deficit, then the fact that it has been the law for 10 years would mean that we currently would have a deficit of 40 trillion.........and we don't.

Riverman1
70995
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Riverman1 12/02/10 - 06:03 am
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I'd like to ask the liberals

I'd like to ask the liberals just how much you think wealthy people should have to pay to enjoy the same rights and benefits the people who pay no income taxes have? The wealthy drive on the highways just like others and are protected by the military as others are, yet, they pay at least 10 times (it's actually way more) more in taxes. The wealthy actually use less government services than others do. Why should they pay so much more? Because they have it and some don't?

wribbs
343
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wribbs 12/02/10 - 06:45 am
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"Letting the Bush tax cuts

"Letting the Bush tax cuts expire will cost the average working Joe about 5-10 bucks a week if that. So what? I'll gladly pay that." I get so mad when I hear people say this. Warren Buffet, Bill Gates, Retired Army. My response is; PAY IT! Don't wait on the government to change the tax codes, go ahead and write them a check and mail it in. Retired Army, you can make out a check for $520 (52 weeks X $10) TODAY, and mail it to the IRS. You are glad to pay it, go right ahead.Here is the address to mail your check to:
Department of the Treasury
Internal Revenue Service
Atlanta, GA 39901-0102

wribbs
343
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wribbs 12/02/10 - 06:50 am
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For those of you that say we

For those of you that say we need to have higher taxes to cover the budget deficit, why? So far not having the money hasn't stopped the politicians from spending whatever they want. Why bother raising taxes, cutting spending, or doing anything else. Just fire up the presses and print more money

Sellout
0
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Sellout 12/02/10 - 06:58 am
0
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The national debt is

The national debt is currently less than 1% of the nation's GDP. That means that the nation is in better shape debt-wise than most Americans. Let's use our heads and keep the taxes low. Everybody wins with that scenario.

JRE
62
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JRE 12/02/10 - 07:28 am
0
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Sellout - you need to check

Sellout - you need to check your numbers on debt/GDP

southernguy08
415
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southernguy08 12/02/10 - 07:30 am
0
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I'd pay more, if congress

Unpublished

I'd pay more, if congress would pass the Balanced Budget Amendment, curtailing their spending, and making sure this country doesn't continue down the red lane. But why should I pay more when congress is just going to find more ways to spend it to keep their seats? This president and congress added nearly 3 trillion dollars to the national debt his first year in office. Fiscal responsibility by these morons is something they laugh at!

Sandpiper
0
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Sandpiper 12/02/10 - 07:31 am
0
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Who is foolish enough to

Who is foolish enough to believe that squeezing blood out of a turnip is a great way to raise money? Who thinks more tax payer paid social programs from an overextended government is a good way to deal with a sagging economy? Why does this administration refuse to cut spending and encourage revenue?
Every intelligent person knows if you want less of something you add a tax to it. Why does this administration continue to attack businesses?
It's time for the "we won" leadership technique to be tempered with a little economic intelligence ...( apparently all this group is willing to show).

robaroo
585
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robaroo 12/02/10 - 07:45 am
0
0

I'm all for tax cuts - after

I'm all for tax cuts - after spending has been cut and the budget is balanced.


This is just another case of a major party (Republicans this time) promising to be Santa Claus while the country is drowning in debt.


If you want to hear how well massive borrowing works, just ask Ireland, Greece, California, etc.

ReformedRepub
0
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ReformedRepub 12/02/10 - 08:09 am
0
0

Ole Sarah brought cookies to

Ole Sarah brought cookies to a school and then said we shouldn't say what kids should eat in school. So, let them eat cake. I remember another famous woman who said that and lost her head. Republicans keep wanting to give to the rich, when it doesn't benefit them one iota.
BRILLIANT! suckers........

wizzardx1
0
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wizzardx1 12/02/10 - 08:15 am
0
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These representatives should

These representatives should take care of the "dream act" and "dadt" before considering any other issues. Amnesty,citizenship,and lower college fees for illegal immigrant's children are far more important than the economy or tax rates. I would rather know that gays in the military feel better about themselves and wonder what my taxes will be next year.

wizzardx1
0
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wizzardx1 12/02/10 - 08:26 am
0
0

The I.R.S. sent $1.48 billion

The I.R.S. sent $1.48 billion in tax refunds to prisoners without income verification. These are the folks in charge of our money. AMAZING we need to raise taxes so they can waste more

Techfan
6461
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Techfan 12/02/10 - 08:35 am
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reformed: It benefits them

reformed: It benefits them greatly. Who do you think lines their pockets? Generally, the poor can't give anything to campaigns, the middle class can give some, but the wealthy (especially since Citizens United) can give almost limitless amounts.

Techfan
6461
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Techfan 12/02/10 - 08:39 am
0
0

wiz: Wherever you got that

wiz: Wherever you got that info, it's wrong, or you misread it. " the IRS identified nearly 250,000 fraudulent tax returns during the 2010 filing season — a 50 percent increase over 2009 — PREVENTING $1.48 billion in fraudulent refunds." AP

ReformedRepub
0
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ReformedRepub 12/02/10 - 09:02 am
0
0

Techfan, PLEASE don't confuse

Techfan, PLEASE don't confuse wizzard with facts.....

TonydeMedici
0
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TonydeMedici 12/02/10 - 09:05 am
0
0

Obviously the "progressives"

Obviously the "progressives" got up early this morning to get their last unemployment check (99ers?) and had time to post opinions here about others who pay for the government largess that they enjoy so much. Doesn't ANYONE read history or understand basic economics anymore? No matter what the tax rates the government will take in about 19% of GDP. (Do the research, it's been at that point since the top rates were at 92% BEFORE President Kennedy cut taxes on the "rich.") You will not increase federal revenues by raising taxes on ANYONE. You will kill the job creating engine that drives our economy though. 55% of the people you want to "punish" are the same people who employ those of you who actually work. Maybe they will "punish" you with a pink slip if they have to run their business with less revenue because you think it's "fair" for the government to take more from them and waste it on you. I would rather have the "rich" wasting their money than the government. At least they create jobs when they buy those yachts. The American Dream is dead. And you progressives murdered it. Why work hard to provide a better life for your family or try to leave your children a better America than the one you inherited? Look what Obama has done to the economy he "inherited." Are we expected to pay the "American Dream Death Tax" now? I would love for some of you "progressives" to call in and let's debate this issue today on my radio show. TalkRadio1380 AM 3-6pm streaming online at http://www.wnrr1380.com Listen in, maybe you'll learn something. It might help you find gainful employment so that we "rich" won't have to continue paying your way.
Tony Powers

GOSHEN77
0
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GOSHEN77 12/02/10 - 09:11 am
0
0

With working wages falling so

With working wages falling so much for most Americans asking the top to pay some more taxes to keep this country running is not without merit. After all, the wealthy have benefited so much with the Bush administrations no rules for businesses philosophy and the millions of jobs that have left this country due to greed.

Techfan
6461
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Techfan 12/02/10 - 09:23 am
0
0

Sorry to disappoint you Tony,

Sorry to disappoint you Tony, but I'm gainfully employed and do quite well on my RN pay. If any of you "rich" right wingers have an mi or bypass, you will might be very happy to have a few of us progressives on hand. Thanks for the streaming info. Evidently, you have to be standing under the antenna to pick up a signal.

justthefacts
18096
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justthefacts 12/02/10 - 09:25 am
0
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Goshen, is there any merit in

Goshen, is there any merit in asking the gov't to cut spending? Any at all? Maybe a little??

Techfan
6461
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Techfan 12/02/10 - 09:27 am
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0

Also, Tony, you can thank the

Also, Tony, you can thank the "progressive" owners of corporations for ending the American dream. They're not happy with modest profits and keeping jobs in the US. They'd rather pay 4% of what Americans earn, and send the jobs to China, and destroy our country in the process.

Techfan
6461
Points
Techfan 12/02/10 - 09:29 am
0
0

just: Yes, spending can be

just: Yes, spending can be reduced. We can end welfare to ADM, McDonalds, etc.

GOSHEN77
0
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GOSHEN77 12/02/10 - 09:32 am
0
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Sure just the facts, can we

Sure just the facts, can we start with military industrial complex? That is where the real money is wasted. I also think we need to cut foreign aid.
Here's a crazy idea have Germany, France, and England combine their armies and let them protect themselves against the Russians!!!

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