Republicans vow they won’t give in on tax hikes
House Speaker John Boehner (R-Ohio) has said Republicans could accept new revenues, but not tax-rate hikes, as part of a broad deficit deal, but President Obama and Sen. Charles Schumer (D-N.Y.) said it was unlikely that eliminating loopholes and capping deductions could raise enough revenue to gain their support. …
The president, meanwhile, put the onus on Congress to avoid the tax hikes and spending cuts of the “fiscal cliff.” He pressured Republicans to pass a bill extending only the middle-class tax cuts, saying he would sign it immediately.
In a press conference late Wednesday, Boehner rejected Obama’s push for the House to pass a Senate bill that locks in the rates for income up to $250,000 per year. …
On revenues, the Speaker again refused to specify what he would be willing to accept. “There are ways to put revenues on the table without increasing tax rates,” he said.
Blowback
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And they better not cave on amnesty either.
bluegill on November 15, 2012 at 8:28 AM
I wish they were this united against amnesty. They need to give Obama his precious tax hikes on “the rich”. Just get it off the table. It’ll do nothing to help the economy or close the deficit, but at least then Obama and the Dems can’t point their fingers at the GOP when we go back into a recession(they’ll try, but it’ll look desperate).
Doughboy on November 15, 2012 at 8:28 AM
They’ll cave because the MSM will crucify them if they let all taxes go up and America will hate and blame the GOP (as usual). Sorry, I watched the same thing in the late 90s.
rhombus on November 15, 2012 at 8:33 AM
What exactly are the the dem’ tax hikes for?
tom daschle concerned on November 15, 2012 at 8:33 AM
Give in, please. There’s no other way to prove the tax hikes are meaningless.
The Rogue Tomato on November 15, 2012 at 8:35 AM
Lsm will crucify the gop no matter what they do…
May as well fight…. no squishiness allowed
cmsinaz on November 15, 2012 at 8:38 AM
I think the republicans are just holding the line so Obama doesn’t move on to his next wet dream.
1. Amnesty
2. Cap and Trade
3. Playing Augusta
Bensonofben on November 15, 2012 at 8:41 AM
I see it the other way around. If the GOP doesn’t give in, then when the deficit explodes, they’ll blame it on the GOP refusing to raise revenues.
If the GOP gives in, the deficit will explode anyway, proving that taxing the rich didn’t do squat.
The Rogue Tomato on November 15, 2012 at 8:41 AM
Do what Obama does and vote present. Otherwise, it’s more demonization of the Republicans and EOs by Obama. Just because. Let them raise all the taxes they want and allow the country to see what Keynesian principles get—one big, fat Depression.
conservative pilgrim on November 15, 2012 at 8:42 AM
Rogue… they’ll blame the gop either way
cmsinaz on November 15, 2012 at 8:44 AM
Offer a big fat tax hike on high earners with a sunset date. The bigger the better. Prove once and for all that they are wrong.
Whatever they do, it needs to be calculated for long term political advantage.
forest on November 15, 2012 at 8:48 AM
John “Crybaby” Boehner …
LMFAO – we know how this story ALWAYS ends.
HondaV65 on November 15, 2012 at 8:49 AM
Today is Thursday – check back on Monday !!
jake-the-goose on November 15, 2012 at 8:50 AM
LTMFB
Let the M***er F**ker burn.
UltimateBob on November 15, 2012 at 8:51 AM
“Vote for revenge”
“Punish our enemies”
etc…
visions on November 15, 2012 at 8:52 AM
We all know that the R’s will never hold the line on taxes. They put on a big show, but, in the end, they are all hat and no cattle.
It would be much better to get the message out that the R’s will let the D’s have their tax hike – and be sure to enumerate all that goes along with the D’s plan.
Then when things go south, bring back the video and play it mercilessly. We have to “unbrainwash” the masses, and that can only be done by being on message 24/7.
I am so tired of “it’s Bush’s fault”. Ask the person what exactly did Bush do, and be prepared for talking points, not facts.
The R’s should have nipped that line of attack in the bud – they didn’t, and now it is accepted as “fact” by low information voters.
We have a *LOT* of deprogramming to do.
Lucky Pierre on November 15, 2012 at 8:56 AM
From Thursday, 9 August 2012 to Friday, 9 November 2012, the national debt increased by $328,894,249,547.79 ($328.9 BILLION).
That’s 13 weeks or $25,299,557,657.52 ($25.3 BILLION) per week.
That’s 93 days or $3,536,497,306.97 ($3.5 BILLION) per day.
That’s 2,232 hours or $147,354,054.46 ($147.4 MILLION) per hour.
That’s 133,920 minutes or $2,455,900.91 ($2.5 MILLION) per minute.
That’s 8,035,200 seconds or $40,931.68 per second.
That’s $1,060.95 each for every man, woman and child in America…in just 93 days.
To put that into perspective and assuming no behavioural changes, increases in debt service costs, and increases in government spending (IOW, completely unrealistic assumptions):
Increasing the 25/28/33/35 tax brackets to 28/31/36/39.6 will raise:
FY2013: $40 billion or 11.43 days of government funding.
FY2013-2014: $95 billion or 27.14 days of government funding.
FY2013-2022: $730 billion or 208.57 days of government funding.
Go ahead and raise taxes on the “evil rich,” if it will make you feel better. I just don’t care anymore. Any revenue impact will be negligible, but the costs to employees will be painful. The country has a SPENDING problem. Period. Story. End of.
As for the GOP, it should either go off the fiscal cliff or give Obama everything that he wants and every hour of every day for the next 4 years remind the country that Obama and Democrats OWN the new recession. Republicans warned about, predicted the failure of and voted against the Supercalifragilisticexpialidocious Stimulus Act of 2009 en masse and en banc. It did fail and the majority of Americans continue to believe that it failed; hence, the banishment of the very word and the new hotness of “investments.” No “compromises.” Don’t put your name on anything.
93 Days And $328,894,249,547.79, But Don’t Worry, Be Happy!
M2RB: The Ramones
Resist We Much on November 15, 2012 at 8:57 AM
I say let them have it. Every dime. Tax the hell out of the millionaires making $250,000. Tax the hell out of everyone trying to work hard and better their position.
Let them have it all, and let the chips fall.
Eventually, the electorate will HAVE to see that taxing success doesn’t work, and in fact, makes things worse.
Right?
Washington Nearsider on November 15, 2012 at 8:57 AM
Is there any wonder that the stock market has taken a nose dive. Democrats are clever fools, who demonize the well-to-do and hand out goodies to buy votes. The policies which they want to impose on this country the economy is sure to collapse. I just wish I had a government pension on wish to rely on………… a preferably a federal pension.
SC.Charlie on November 15, 2012 at 8:58 AM
Jobless Claims Rise to 1-1/2 Year High
The number of Americans filing new claims for jobless benefits rose to 439,000 last week, much higher than analysts’ forecasts of 375,000 and the highest level since April 2011.
DJIA futures down 39.
In the week after the election, the Petraeus scandal has erupted and the real story on jobs is now being told.
Lie to win: The Obama motto.
Resist We Much on November 15, 2012 at 9:01 AM
I’m really getting of the mind to say go along with anything the Dems want to do.
Total annihilation & destruction.
Make it so complete one must be left only with rubble.
I really see no other way anymore bcs Americans are apathetic & spoiled.
Nothing like losing your freedom & all sense of order in society to make people WTFU.
Badger40 on November 15, 2012 at 9:04 AM
Sorry guys, but when the deadline gets close and choosing to let the “middle class” tax rates expire just to make sure the upper class tax rates don’t, and the “fiscal cliff” media storylines start to get larger play again, the ability of the President to just say, “I tried, I’m trying, but they own the house of representatives, and they will not, will not, even pass YOUR tax rate extension, so you the people who need it most, don’t have your rates increased. As a result, there is little I can do to stop it. Your taxes are about to increase. They used your fiscal situation as a bargaining chip to ensure that the wealthy don’t have to pay a little more when we are in serious debt and need to finally be making some progress on a more stable future.”
And the game is done.
Genuine on November 15, 2012 at 9:07 AM
Vowing to not give in..and then giving in, is a lot worse than just admitting you’re going to puss out but will holler and throw papers before giving in.
Mimzey on November 15, 2012 at 9:07 AM
Hehe. Big surprise there. Going to have to get the numbers back into a believable range now that the election is over.
forest on November 15, 2012 at 9:10 AM
Unexpectedly!
Washington Nearsider on November 15, 2012 at 9:18 AM
It’s always darkest just before it goes pitch black.
Steve Eggleston on November 15, 2012 at 9:21 AM
Republicans vow they won’t give in on tax hikes
HAHAHAHAHHAHHAHHAHHAHA!!!!
Wait! What!!
Oh. HAHHAHAHHAHAAHHAHHAHAHAHAHA!!!!!!!!
ToddPA on November 15, 2012 at 9:31 AM
Give the dems what they want…the moochers have spoken. The faster this economy and currency collapses, the less digging we have to do on the other end. Vote present, the Commies won, embrace the collapse.
trs on November 15, 2012 at 9:32 AM
Hate to rain on your parade, but the only people who’ll recognize it as proof are the ones that already know it’s BS.
antipc on November 15, 2012 at 9:41 AM
Come on – Boehner is already calling for capitulation on everything – What ever happened to defunding o’commiecare?
Pork-Chop on November 15, 2012 at 9:42 AM
Oh yea, I’m sure it’ll stop there, at the first round of taxe hikes on the rich. I’m sure Obama then won’t be able to convince the public that the recession was caused by Republican’s foot dragging on more tax hikes, stimulus, federal employment programs, social services or debt ceiling adjustments. Just let Obama have his tax hikes on the rich and he’ll be disarmed!
I’ve seen you name around long enough that you should know better Doughboy. Never agree to any deal in which you don’t immediately get more than you give up!
elfman on November 15, 2012 at 9:43 AM
♪Who do you think you’re foolin?♪
♫YEAH RIGHT SURE!♫
♪Well I guess the sky is falling!♪
♫Hey we heard it all before!♫
♪You pulled the wool right over our eyes,♪
♪too many times, with all of your lies – ♪
♪So who do you think you’re foolin?♪
♫YEAH! RIGHT! SURE!♫
Muppets FTW.
MelonCollie on November 15, 2012 at 9:43 AM
“The game” just ended. Now is another game, and it wont be won by trading real measurable assets like tax hikes for ghosts. When Republicans are too impotent to launch their claim that “Obama raised your taxes so that he could raise taxes on the rich” against Obama’s “Republicans held your tax cuts hostage for lower taxes on the rich” they are less than worthless and need to clear the field for those determined to win.
elfman on November 15, 2012 at 9:57 AM
Until they do while ably led by John “Gen. McClellan” Boehner.
roy_batty on November 15, 2012 at 10:45 AM
In order to appear not to cave, GOP should compromise. Ha! Make it $400,000 earners and there must be specific spending cuts to have that.
Or give them everything. Burn it down!
JAM on November 15, 2012 at 10:51 AM