Allowing the Bush tax cuts for the rich to expire is deeply offensive to orange people

[marmar]

from the NY Times:



July 27, 2010, 8:48 pm
Obama and Boehner Spar on Tax Cuts

By JACKIE CALMES


President Obama and a Republican Congressional leader squared off at the White House on Tuesday over whether to extend all of the Bush tax cuts that otherwise expire after this year, and in so doing defined the battle lines for the emerging election-season fight.

At a meeting with Congressional leaders of both parties, Mr. Obama vowed that Democrats would extend current income tax rates except for the wealthiest taxpayers. But Representative John A. Boehner of Ohio, the House Republican leader, said the tax cuts should be extended for everyone or else many small business owners would get hit with a big tax bill –- a contention that Mr. Obama disputed.

The stand-off, at a time when annual deficits already are the highest since World War II, is one that was predicted nearly a decade ago, when the Bush administration and Congressional Republicans put the Dec. 31, 2010, expiration date on the first big income-tax cuts. The Republicans did so then to comply with Senate rules aimed at avoiding budget deficits, and to secure the votes needed for passage. Annual deficits soon resulted anyway, preventing Mr. Bush from realizing his goal of making his tax cuts permanent. .............(more)

The complete piece is at: http://thecaucus.blogs.nytimes.com/2010/07/27/obama-and-boehner-spar-on-tax-cuts/

[old mark]

1. I am sure none of those tears are for the unemployed who were denied

benefits or those of us who have serious chronic medical conditions, or anyone who is not rich...
rec
mark

[Hubert Flottz]

2. How can something that orange be so freakin' blue 24/7?

The Big Boner has a hard on for America...

[Cresent City Kid]

3. On the "small business owner" defense

Every time the notion of taxing the rich is proposed, they bring out one guy who makes just a little over the income limit who owns a business, and try to hide every fat cat million/billionaire behind him. This should be as transparent as hiding an elephant behind a palm tree, but too many people fall for it. Steps need to be taken to clearly define who will be taxed at higher rates and who won't.