Reid: Yeah, a fiscal cliff deal probably isn’t happening at this point

posted at 1:31 pm on December 27, 2012 by Erika Johnsen

President Obama arrived back in DC on Thursday morning after having cut short his vacation in Hawaii, following late-night calls with top Congressional leaders:

Obama made calls from Hawaii late Wednesday to Senate Majority Leader Harry M. Reid (D-Nev.), Minority Leader Mitch McConnell (R-Ky.), House Speaker John A. Boehner (R-Ohio) and House Minority Leader Nancy Pelosi (D-Calif.), White House spokeswoman Amy Brundage said. Obama was seeking an update on the state of fiscal cliff talks before departing on an overnight flight back to Washington, Brundage said.

The White House provided no details about the conversations. The House is in recess pending action in the Senate, which convened Thursday amid a sense of gloom about chances for a deal to avert more than $500 billion in spending cuts and tax hikes set to hit in January.

McConnell “is happy to review what the president has in mind, but to date, the Senate Democrat majority has not put forward a plan,” a spokesman for the Republican leader said. “When they do, members on both sides of the aisle will review the legislation and make decisions on how best to proceed.”

And of course, this morning we were treated to the usual cockeyed floor rant from Harry Reid about how, if Speaker Boehner would only stop ruling with such an iron fist, the version of Obama’s cliff proposal he wants to see happen would undoubtedly pass with the requisite centrist-Republican votes it would need.

Senator Harry Reid delivers a statement on the fiscal cliff condemning the actions of Republican leadership, saying he “can’t imagine their consciences. They are out there, wherever they are … and we’re here trying to get something done.”

“Everyone knows that if they had brought up the Senate-passed bill, it would pass overwhelmingly. But the speaker says, no we can’t do that,” Reid said on the Senate floor this morning. “It’s [the House] being operated by a dictatorship of the speaker.”

In response, a spokesman for Boehner said in a statement,  “Senator Reid should talk less and legislate more. The House has already passed legislation to avoid the entire fiscal cliff.  Senate Democrats have not.”

While the barb-trading about to whom the real onus belongs is to be expected, I don’t know about Reid’s point about the clock just running too short; we still have almost five days to go to make a deal, and with all of the deep-seated political fallout at stake here, a ‘compromise’ probably wasn’t ever going to happen until the eleventh hour when the political pressure was maxed out. That said, the possibility of going over the cliff is gaining its own momentum, and as reliably eager as Reid is to put all of the blame on Republicans, he could easily make more of his own moves if he had any real desire:

“The House has acted on two bills which collectively would avert the entire fiscal cliff if enacted. Those bills await action by the Senate,” House GOP leaders said in their statement. “If the Senate will not approve and send them to the president to be signed into law in their current form, they must be amended and returned to the House. Once this has occurred, the House will then consider whether to accept the bills as amended or to send them back to the Senate with additional amendments. The House will take this action on whatever the Senate can pass, but the Senate first must act. The lines of communication remain open, and we will continue to work with our colleagues to avert the largest tax hike in American history.” …

The intransigence of both sides has made a deal against the clock seem increasingly unlikely. But if anything gets brokered, it likely now has to come from the Senate, where Reid and McConnell largely negotiated the August 2011 debt deal that helped bring Congress into the situation it finds itself now. Senate Republican aides suggested McConnell might get involved in talks but that Senate Democrats have to bring something else to the table than the tax bill they’re pushing.


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Only solution to this for Dems and RINOs, for tax ‘expenditures’ –

Tax Ireland!

Liam on May 21, 2013 at 8:03 PM

Shouldn’t O’bama be able to talk to some of his relatives over there and sort things out?

rightmind on May 21, 2013 at 8:09 PM

That is called “competition’. Something Obama understands about as well as he spells or pronounces common words.

pat on May 21, 2013 at 8:10 PM

Abolish the corporate tax. It isn’t even close to being worth having. Just make dividends part of income.

Count to 10 on May 21, 2013 at 8:11 PM

Don’t touch the Guinness…

d1carter on May 21, 2013 at 8:11 PM

Don’t touch the Guinness…

d1carter on May 21, 2013 at 8:11 PM

Tax it like hell!

It’s costing American liberals spending money.

What are you — anti-American?

I bet you’d shoot a guy you might catch raping a woman, without knowing his circumstances and how he feels.

Liam on May 21, 2013 at 8:15 PM

Since some of my companies do business offshore, I am as guilty as Apple, albeit on a comparatively infinitesimal scale, in setting up Irish holding companies that place company funds in American banks and other American-based financial vehicles. All perfectly legal.

Why, because I don’t wish to pay a single penny more in taxes, no matter to which government that’s involved. Why does Apple do it or, for that matter, any other huge publicly traded entity do it? Well, if they didn’t, they’d be open to shareholder suits for “wasting corporate assets” or shareholder “Change of Management” proxy fights at their next annual meeting, which would be prosecuted by some multi-billion dollar investment fund holders.

A publicly held company has a lot more scrutiny, due to its board’s fiduciary duty to shareholders, than does a simple, greedy bastard like me.

TXUS on May 21, 2013 at 8:18 PM

I bet you’d shoot a guy you might catch raping a woman, without knowing his circumstances and how he feels.

Liam on May 21, 2013 at 8:15 PM

lol, He was just socially awkward and didn’t know how to ask politely.

arnold ziffel on May 21, 2013 at 8:19 PM

A publicly held company has a lot more scrutiny, due to its board’s fiduciary duty to shareholders, than does a simple, greedy bastard like me.

TXUS on May 21, 2013 at 8:18 PM

I hope you get filthy rich.

And never hire liberals.

Liam on May 21, 2013 at 8:19 PM

I love to mention this sort of stuff to my Apple using lib friends.

How Apple uses foreign labor (toss in exploit for extra effect) and minimizes their tax exposure thru perfectly legal means.

Fun to watch them squirm.

Hill60 on May 21, 2013 at 8:20 PM

Ban St Patrick’s Day parades !!

burrata on May 21, 2013 at 8:20 PM

lol, He was just socially awkward and didn’t know how to ask politely.

arnold ziffel on May 21, 2013 at 8:19 PM

Kill a rapist, offend a liberal.

Liam on May 21, 2013 at 8:21 PM

Ban St Patrick’s Day parades !!

burrata on May 21, 2013 at 8:20 PM

No! We can’t do THAT!

Tax it instead! See — a level playing field.

Liam on May 21, 2013 at 8:23 PM

If following the law to avoid paying taxes is wrong, can we impeach Obama on the fact that he claimed deductions on his 1040?

malclave on May 21, 2013 at 8:27 PM

If following the law to avoid paying taxes is wrong, can we impeach Obama on the fact that he claimed deductions on his 1040?

malclave on May 21, 2013 at 8:27 PM

That’s funny. When Clinton made one of his returns public years ago, he wrote off his used undershorts at $2.50 each.

I don’t file a long form any more. But when I did, I never claimed my charitable donations. What I return to God does not leave me room to try getting back a piece of it.

Liam on May 21, 2013 at 8:31 PM

I’d like to travel back into the past and bitchslap everyone involved in setting up LoN/UN

dmacleo on May 21, 2013 at 8:33 PM

I hope you get filthy rich.

And never hire liberals.

Liam on May 21, 2013 at 8:19 PM

Well, when your choice is paying the Irish 12.5% on offshore earnings vs. the IRS’s 35% on same, almost three times as much, this Texan’s ready to share a pint and a “top ‘o the mornin’ to ye.”

TXUS on May 21, 2013 at 8:33 PM

Tax it instead! See — a level playing field.

Liam on May 21, 2013 at 8:23 PM

Great !
Now let them try to tax Cinco de Mayo parade ,
you know for a level playing field !!

burrata on May 21, 2013 at 8:33 PM

Well, when your choice is paying the Irish 12.5% on offshore earnings vs. the IRS’s 35% on same, almost three times as much, this Texan’s ready to share a pint and a “top ‘o the mornin’ to ye.”

TXUS on May 21, 2013 at 8:33 PM

Long as ye buy the first pint, we celebrate!

Liam on May 21, 2013 at 8:35 PM

Great !
Now let them try to tax Cinco de Mayo parade ,
you know for a level playing field !!

burrata on May 21, 2013 at 8:33 PM

That would be racist, man. What is wrong with you?

The Irish aren’t a minority.

Why do I hang out with you people? /

Liam on May 21, 2013 at 8:37 PM

Long as ye buy the first pint, we celebrate!

Liam on May 21, 2013 at 8:35 PM

Nigh a problem, William. I’ll buy the pints, you bring the lassies.

TXUS on May 21, 2013 at 8:47 PM

Nigh a problem, William. I’ll buy the pints, you bring the lassies.

TXUS on May 21, 2013 at 8:47 PM

Deal!

I have a thing for redheads. That okay there?

Liam on May 21, 2013 at 8:49 PM

Éirinn go Brách (or for my English friends, Erin go Bragh)

IrishEyes on May 21, 2013 at 8:52 PM

Éirinn go Brách (or for my English friends, Erin go Bragh)

IrishEyes on May 21, 2013 at 8:52 PM

From an American of Scot lineage: Ciamar a tha thu?

Liam on May 21, 2013 at 8:55 PM

Tax Bono.

Ronnie on May 21, 2013 at 8:55 PM

I don’t file a long form any more. But when I did, I never claimed my charitable donations. What I return to God does not leave me room to try getting back a piece of it.

Liam on May 21, 2013 at 8:31 PM

That’s one way of looking at it, the other way of looking at it, is that by claiming the deduction, it provides more to give. i.e, if you are in the 28% bracket, if you don’t take the deduction, for every dollar you donate, you have to earn $1.39.

AZfederalist on May 21, 2013 at 8:57 PM

Tax Bono.

Ronnie on May 21, 2013 at 8:55 PM

+1000

Out his a$$!

He’s nothing but an international panhandler in a Bond Street suit.

Liam on May 21, 2013 at 8:58 PM

That’s one way of looking at it, the other way of looking at it, is that by claiming the deduction, it provides more to give. i.e, if you are in the 28% bracket, if you don’t take the deduction, for every dollar you donate, you have to earn $1.39.

AZfederalist on May 21, 2013 at 8:57 PM

I’m no longer in position to itemize. But I have a personal religious view. I worked from there.

Liam on May 21, 2013 at 9:01 PM

But I have a personal religious view. I worked from there.

Liam on May 21, 2013 at 9:01 PM

I do, too. If I get $100 bill from a bank (I hate $100 bills) I put it in the first charity box I see, wrapped in a $1. We’re not rich, rich. We just have a little breathing room. My philosophy is good deeds don’t count if you tell someone or claim it as a deduction. My accountant hates me… lol.

Fallon on May 21, 2013 at 9:06 PM

I do, too. If I get $100 bill from a bank (I hate $100 bills) I put it in the first charity box I see, wrapped in a $1. We’re not rich, rich. We just have a little breathing room. My philosophy is good deeds don’t count if you tell someone or claim it as a deduction. My accountant hates me… lol.

Fallon on May 21, 2013 at 9:06 PM

I’m of the view, as according to Scripture, that for what we do in private with the Lord, He will reward us openly.

I believe as you do.

Liam on May 21, 2013 at 9:10 PM

I do, too. If I get $100 bill from a bank (I hate $100 bills) I put it in the first charity box I see, wrapped in a $1. We’re not rich, rich. We just have a little breathing room. My philosophy is good deeds don’t count if you tell someone or claim it as a deduction. My accountant hates me… lol.

Everybody needs to do what their conscience tells them. I think where one would get off track is if one were to give because it is tax deducttible.

AZfederalist on May 21, 2013 at 9:10 PM

… as far as giving without publicizing it; up until this week, I was under the impression that my charitable donations were completely private and that the IRS would keep those records private.

AZfederalist on May 21, 2013 at 9:13 PM

Everybody needs to do what their conscience tells them. I think where one would get off track is if one were to give because it is tax deducttible.

AZfederalist on May 21, 2013 at 9:10 PM

THAT describes a liberal.

Liam on May 21, 2013 at 9:13 PM

Everybody needs to do what their conscience tells them. I think where one would get off track is if one were to give because it is tax deducttible.

AZfederalist on May 21, 2013 at 9:10 PM

Think about it — Bill Clinton deducted from his $2.50 a pair for his ‘donated undershorts, and we’re expected to think he’s somehow a ‘nice guy’?

Liam on May 21, 2013 at 9:18 PM

I’m in a bad mood all day.

Give me a troll to chew on.

Liam on May 21, 2013 at 9:21 PM

We do a lot of things wrong in Ireland
but the corporate tax rate was one of the things we did right
now the eurocrats want to take it away

breffnian on May 21, 2013 at 9:29 PM

Apple: “Hey Ireland how about a low tax rate?”

Ireland: Brilliant!

Apple: Brilliant!

BKennedy on May 21, 2013 at 9:56 PM

Hill60 on May 21, 2013 at 8:20 PM

Good. That’s my only problem with Apple doing this; that they are a bunch of hypocritical progs.

As to declaring taxes, I’ve considered the doing in private aspect, and really respect those who chose that route, but when I consider all the pure evil the government does with my tax dollar, I chose to keep as much out of their wicked hands as legally possible. I still fear it won’t be enough to wash me of the guilt I have in continuing to fund that evil.

pannw on May 21, 2013 at 10:31 PM

While Ireland misses out on some tax revenue, analysts say its economy more than makes up for this in other ways, including the tens of thousands of jobs that American technology companies have created there – and the income taxes that well-paid programmers and executives contribute to the Irish treasury.

The proggie lib hears only “misses out on … tax revenue” and says, “That’s not fair! You’re not paying your fair share!”

When asked about the jobs, the proggie lib responds indignantly, “Well, since you won’t give EVERYONE a well-paying programmer or executive job, then THAT’S NOT FAIR either!”

When told life isn’t fair, the proggie lib snarls, “Once the government controls everything, IT WILL BE!”

Marcola on May 22, 2013 at 12:26 AM

Letting too many snakes onto the Emerald Isle in P.C. stupidity.

O’Sharia.

profitsbeard on May 22, 2013 at 3:49 AM

Say there wasn’t anyone on that panel that has a rich heiress wife that shelters her NINE-figure fortune in a Trust, is there?

Cough-Cindy-Cough-McCain…

Tekov Yahoser on May 22, 2013 at 4:57 AM

I guess the Senate Democrats figured they’d found a pot o’ gold.

Odysseus on May 22, 2013 at 7:27 AM

The nerve of those Irish.

Not taxing everyone that wants to do business in their country over 50%. To not support their ruling elite with well earned compensation and benefits such as “seperate but equal” healthcare, pensions/social security, immunity from tax and regulations as well as most non felonious law.

They are obviously infidels and heathens unworthy of our fearless leaders support.

acyl72 on May 22, 2013 at 7:31 AM