August 1st, 2012
06:38 PM ET
11 years ago
House passes Republican tax-cut plan
Washington (CNN) - The U.S. House on Wednesday took the opposite action on tax cuts as the Senate, rejecting a Democratic proposal championed by President Barack Obama to extend lower tax rates for middle-income Americans, and then passing a Republican plan to maintain the lower rates for everyone for a year.
In separate votes that amounted to political posturing in an election year, House Republicans joined by more than a dozen Democrats passed the GOP measure by a 256-171 margin.
FULL STORY
So essentially:
Everyone agrees that EVERYONE gets an extension of the tax cuts on the first $250K of income BUT
GOPers/Teatrolls are holding those tax cuts hostage in order to demand extension of tax cuts on the $250,001st dollar and up.
Gotcha. Shall we get out our popcorn now to watch the GOP/Teatrolls crash and burn with another of their manufactured crises or wait until the first sign of flames starts? They can cry all they want, but I'm pretty sure they won't generate enough tears to put it out.
Bought and paid for do nothing congress...
2010 Republicans .... "jobs, jobs, jobs"
2012 Republicans.... "give us more venture capital"
Because if Mitt had more money, aside from all the money he already has stashed away in off shore accounts, then he'd billing willing to invest - and maybe it would even be in the US !!
People need to wake up and realize the Romney is for the 1%. The republican party is also for the 1%. they don't care about those people who are suffering, but want to make sure the rich get more then they deserve. If the republican party is for the middle/lower class, then get him to declare more tax returns. Seems strange that he has money in SAFE havens that is not fully declared to the people. Why hide things, must be afraid of something. Perhaps it's time the people of America take back the nation, the declaration says we the people, not we the rich or corporation. Maybe we need an American version of an Arab Spring! Let the PEOPLE, decide what is good for this country, NOT the rich or the corporations.
I watched it all day today. The republicans want the Tax breaks to continue for the wealthiest people and say they are the job creators. Well they have had these Tax breaks for over ten years now and they have NOT been the big job creators at all. Fact is the President extended them 2 years ago and they absoultely did NOTHING and did NOT creat 1 job for 1 american. But yet the Wealthiest have not been affected or hurt by the financial collapse this country has endoured. It's over for the top 2 % and it's time they pitch in and help out for a change. That includes Mr.Romney who has NOT paid any TAXES for 10 years everyone is now finding out about.
Sorry to continue my rant. Government should be made up of the people, not just the rich or well to do. Teddy Roosevelt came from the well to do, but fought for the middle/ lower class. He knew that this nation was built on their shoulders and that they needed the government to be behind them, so this great nation could continue to prosper. Bill Clinton taxed the heck out of the rich, what did we get, job growth, growth this nation hasn't seen since republicans have been in office. It didn't take long for Bush to go through the surplus in the budget that Clinton left! So who prospered during his time, the RICH! Those who say Obama is doing a bad job, doesn't have 8 years of Bush crap to work out. The more people vote for those who support the 1%, the deeper trouble this nation is going to be in. In my previous post, I stated we should have a American version of an Arab spring, I meant that it's time we the people voted into office those who are of the people. Get ride of all the rich people in office, put the every day person into office. But sadly you need money to get voted into office. Long gone are the days of any American who wanted to run can, you need to be one of the 1% to afford office. So if you are one of those 1% running for office, I suggest you read and recite on public television the Declaration of Independence, from memory (no tela prompter) and explain what it truly means. If you need a hint, it for the PEOPLE, the 99%! So to the 1%, go and think about this when you go sit on the golden throne you own, YES the toilet!
But to get a sense of how bizarre Washington politics have become, the main reason Democrats are stuck on a tax increase for $250k + earners has nothing to do with revenue generation. It is a very small revenue generator at best. No, the reason democrats are stuck on the tax hike is purely political. For some twisted line of reasoning the Democrats believe this shows their support for the large block of voters at lower earning levels. Huh? No wonder nothing out of Washington works anymore. Logic has become a thing of the past. It is now a political circus. The nation does not need a political circus for entertainment. We can do better. Romney 2012.
Just another example of Congress passing opposing bills and refusing to meet to work out a solution. They should all go home and take the rest of the session off as unpaid leave, close their offices, and to greatly reduce spending. . That would help the economy. Refusing to find ways to work together to pass legislation is a way of thumbing their noses at the Americans who elected them in the first place.
They should be embarrassed by all of this nonsense. This vote along with the filibuster to avoid voting on judicial nominees is ju8st outrageous. The Republicans continue to get paid even though they are refusing to do any meaningful work. This vote was taken even though they know they will not meet with the Senate to bring about a bill. Why waste our time and why should we be paying their salaries?
The bottom line to collecting more money from the rich is to pay for government employee's paychecks. Has anyone noticed how those that live in Washington DC don't have financial problems and they are all government employees? Government employees are making better salaries than small business owners and small business employees. Look at the GSA employees, salaries over $200,000 plus bonuses, benefits. True, if we don't collect more taxes how are we going to pay for all those government salaries?
Let me understand this.....every republican voted to not allow 98% of working age Americans to have lower taxes? So 2% who make the most and can afford to pay don't face a small increase? And republicans really belive we the voters think they are trying to help us...REALLY!!! Think again!!!
Instead of political posturing and theater from the Demo/Repub clubhouse, maybe they could do something for the Poeple once in a while. Remember us? They talk about such nonsense when they are campaigning. I really don't think that Obama's recreational activities or Romney's tax return have any effect on putting people back to work or stopping war or pollution. You know – the REAL stuff.
I assume that the Democrats that joined them are personally part of the 1% or in districts where they have to act like it to try to hold on to their jobs. I could accept tax cuts for the so-called "job creators" if they were doing just that..creating jobs, but thus far all they have done is create profits for themselves.
t republican dont care bout everybody like they are suppose too.
It is the who cares how to pay for it as long as our corporate and wealthy patrons. If these Republicans were really into being fiscal conservatives, then they would raise taxes in addition to cutting spending. We can't do only one side of the ledger. A smart person would know that.
when will these repubs understand that this tax cut crap is killing our country, did any of them look at the chart floating around congress that show the bush tax cuts and its devastation it's having on our budget deficit, nothing else come close. Reagan was the one that started this crap, but when he saw how devastating it was to our economy and our debt he quickly raised taxes 11 times. these repubs and their lunatic base, coupled with rich folks are driving this insane policy and our country into a ditch. the 2010 election the repubs swore to the people that if they got elected, the rich will take the trillions they've got hiding in over seas bank and invest in America, that did not happenedn. now they are promising the same thing, Americans have some really gullible people and people who hate Obama, but you repubs need to stop that rerun talking points. you guys had the opportunity to move this country forward, but you guys chose to go with your lunatic base and obstruct this president, just because you want him and the country to crash and burn.
House Republicans know the Senate version would pass but choose to hold middle-class tax cuts hostage.
This uncompromising nonsense proves congressional Republicans are for the rich, not middle-class Americans.