General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsReTHUGs are très upset with the President
Bob Corker is bawling in the Senate on CSpan
bowens43
(16,064 posts)Lex
(34,108 posts)Control-Z
(15,682 posts)alcibiades_mystery
(36,437 posts)Tax rate increase at $1,000,000. That was their first cave in. They won't get that.
Tax rate at $550,000. That was their third line of defense. They won't get that.
"Entitlement" cuts in exchange for any new revenue. Not today. Chained CPI? Nope.
Status quo on capital gains, they wanted. Deal reportedly includes an increase to 20% on capital gains for incomes over $250,000.
Unemployment insurance extended. Child tax credit extended (they voted against it just last week!). Tuition credit extended (they voted against it just last week!). No agreement on spending cuts.
They're laughing? Why? They just got their clocks cleaned.
Lex
(34,108 posts)That explains it quite well.
Harmony Blue
(3,978 posts)seems more of a victory for Democrats. Obama went from 250k to 450k when Boehner was starting with 1m the Republicans came down a lot farther than what Obama went up to. I hope people can do arithmetic.
alcibiades_mystery
(36,437 posts)Let's be clear about that. Their starting position was a principle that they've seemingly abandoned completely.
jberryhill
(62,444 posts)Harmony Blue
(3,978 posts)broke down recently Boehner tossed the $1m figure out. It is a victory either way though.
hfojvt
(37,573 posts)In fact, he had nothing.
We, on the other hand, started with a position that $4 trillion in tax increases were going to happen - AUTOMATICALLY.
And $1 trillion of that would be on the richest 1%
and half a trillion on the richest 5%
and $2.6 trillion on the richest 20%
So we bargained that down to less than $600 billion.
I guess a tax cut of $2 trillion for the richest 20% COULD be seen as a victory for the bottom 60% - somehow. After all, the bottom 40% gets $300 billion in tax cuts.
$300 billion for the bottom 40% and $2 trillion for the top 20%.
Yep, that is a total victory for the working class!!!
malaise
(269,022 posts)JoePhilly
(27,787 posts)CTyankee
(63,912 posts)They were intolerable. Didn't even bother with the niceties, just cave man snarls and intemperate statements that they have refrained from making since the got their asses whupped last November.
I'm hoping you are right and they've been whupped again...I want to drive a political stake in the heart of this RW philosophy...
hfojvt
(37,573 posts)What I wanted.
All of the Bush tax cuts to die. I won't get that.
Dividends taxed like ordinary income. I won't get that.
I could have gotten both of those if Democrats had simply done NOTHING.
I still say that doing nothing is better than making a bad deal.
What makes a deal bad?
A bad deal is one that gives more benefits to the richest 5% than it does to the poorest 40%.
80% of the Bush tax cuts to die? I won't get that.
Of course, it is not like I am important. I, after all, am just the fool on the hill who sees money going to the top 20% while the flat earthes are applauding the tax "increases" on the rich. Yep, if Democrats had done nothing then Romney would have paid 39.6% tax rate on his dividends, but thanks to Benedict Obama's glorious victory he will be forced to pay 20%.
That's really gotta sting, eh?
Lex
(34,108 posts)Really?
hfojvt
(37,573 posts)Why do you NOT feel betrayed?
Is keeping 90% of the Bush tax cuts, really "change you can believe in"?
I don't think it is a victory, or even a loss. It is primarily - a betrayal.
http://journals.democraticunderground.com/hfojvt/146
Lex
(34,108 posts)dionysus
(26,467 posts)hfojvt
(37,573 posts)and he did CHOOSE not to.
I act like he could stop claiming that tax cuts for the rich are "middle class tax cuts"
and he CHOOSES not to.
Isn't THAT enough of a betrayal?
Lex
(34,108 posts)It's not a "win" if we go over the fiscal cliff. If you think so, you're not paying attention.
hfojvt
(37,573 posts)there is always some reason for Obama to support more tax cuts for the rich.
It's certainly not a 'win' if we make a crappy deal. It's more of a win if we do go over the cliff.
dionysus
(26,467 posts)hfojvt
(37,573 posts)I was starting to think there was a shortage of a$$holes in the world.
Thank goodness you filled that gap with your lack of a soul.
Cha
(297,274 posts)is devoid of the facts?
the fact that rich people would have had to pay 39.6% on their dividends but thanks to the deal, they will only pay a 20% rate?
Let's see, Romney made $4.9 million in dividend income.
So the deal saves him $960,000 in taxes.
He gets a $960,000 tax cut and Democrats are celebrating THAT as a victory.
Yeah, I would be laughing behind closed doors if I was him. "They think they won"
The only thing that could be sweeter than a $1 million gift is a $1 million gift and seeing your enemies played like chumps.
dionysus
(26,467 posts)DrewFlorida
(1,096 posts)Cha
(297,274 posts)@ThePlumLineGS A lot of sobbing and hurt feelings about Obama's speech among supposedly tough minded and rock ribbed conservatives
Wellstone ruled
(34,661 posts)not talk or negotiate with a Black Man. Bottom line!! The rich angry old white guys are running the McTurttle. When you see Corker,Inhofe,and Kyle,you know what the real story is and it's a OPTIC for Racism.
cal04
(41,505 posts)I really look forward to the first member of congress who says they can't vote for the deal because the president was too merry
Ezra Klein @ezraklein
A lot of sobbing and hurt feelings about Obama's speech among supposedly tough minded and rock ribbed conservatives
He doesn't have a choice. He's always angry. MT @bobcusack McCain on Obama's remarks: Not sure whether to be angry or saddened.
Greg Sargent @ThePlumLineGS
oh look, fiscal cliff GOP now replaying Newt's infamous Air Force One diatribe, which triggered gov't shut down. these people never learn...
Eric Boehlert @EricBoehlert
RT @TheMatthewKeys: Sen. Lindsey Graham: "Our fate is being sealed as I talk unless we make changes." / Then stop talking, asshole.
Kaili Joy Gray @KailiJoy
Associate Editor, Daily Kos
malaise
(269,022 posts)Bwaaaaaaaaaaaaah!
lindysalsagal
(20,692 posts)It seems they are going to negotiate on TV rather than in the house.
malaise
(269,022 posts)Most of the phone calls on CSpan 1 make more sense
superpatriotman
(6,249 posts)Laughing at us. It's like a recurring bad dream.
Control-Z
(15,682 posts)I think you've got it wrong.
babylonsister
(171,066 posts)their clocks cleaned.
http://www.democraticunderground.com/1251269631
snip//
It looks like the president is set to get exactly what he wanted if this deal goes through. Actually, he would be getting more than many expected. If the president gets the extension of the tuition tax credit, the clean energy tax credit, an extension of unemployment benefits, and a tax hike on the top two percent, this will be a huge win for him.
hfojvt
(37,573 posts)some will continue to praise tax cuts for the rich as a victory for the people
In 2009, only 0.6% of tax filers made more than $500,000. Only 3% made more than $200,000.
Ah well, he only conceded another $600 billion in tax cuts for the rich on top of the $1.6 trillion he was already offering.
Yeah, $2 trillion in tax cuts. The rich totally got their clocks cleaned. Thank God we did not go over the cliff.
babylonsister
(171,066 posts)the cliff; maybe Obama pissed them off just enough to satisfy all the cliff divers around here.
Gregorian
(23,867 posts)It seems to me that some of what Barrack Obama is doing is keeping his ass out of the flames.
I have complete faith in this guy. We've got a street wise president.
DainBramaged
(39,191 posts)malaise
(269,022 posts)Lugnut
(9,791 posts)malaise
(269,022 posts)Breaking!
Lugnut
(9,791 posts)BeyondGeography
(39,374 posts)spanone
(135,841 posts)malaise
(269,022 posts)Says 'we are very very close'.
B Calm
(28,762 posts)malaise
(269,022 posts)ananda
(28,864 posts)..