GOP Is Ready to Throw Millionaires to the Tax Wolves

[Tony_FLADEM]

Staring down the fiscal cliff, Republicans are calling on a possible compromise with Democrats to increases taxes for Americans earning more than $1 million a year — a policy first championed months ago by House Minority Leader Nancy Pelosi.

The lower tax rates first enacted under George W. Bush will expire at the start of next year, hitting the country with a potential $200 billion tax hike. President Obama was reelected last week on a platform that included keeping the lower income rates for Americans making less than $250,000 a year, which could increase federal coffers by $44 billion next year.
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more at http://www.thefiscaltimes.com/Articles/2012/11/12/GOP-Is-Ready-to-Throw-Millionaires-to-the-Tax-Wolves.aspx#ekHrde4yRcfVfp3z.99

[Angry Dragon]

1. 70% USA 70% USA 70% USA

[Indykatie]

2. Capital Gains Tax Must Be Addressed Too

Are we even talking about that as part of the plan?

[nadinbrzezinski]

3. Hold is...is that the dreaded compromise word

That people tell me is not possible?

[RedCloud]

4. Why are they being called "wolves"? Why not tax rectifiers?

[lindysalsagal]

5. I've been called worse things than a wolf. That all you've got?

[librechik]

6. It's a good start--but that's not enough.

we want prosecutions of financila criminals and more equality across the board. They aren't ready for what we want.

[bluestate10]

7. If thet throw in Capital Gains tax reform in where the rate in increased to at least 20%,

I can get aboard, although I would like to see the increased tax rate applied to $400,000-500,000 incomes and above. The $400,000 is important because it would for sure include the President, which is an outcome that I think he surely wants.