Keep capital-gains and dividend rates where they are. Jack up the rate on other ordinary income. Discuss and decide what to do about carried interest, and then leave it alone.

On this increase, if it’s possible, put it up for a vote, protest it, and let the Dems vote it in.

Shifting gears, we can revisit the Obamacare taxes later, but repeal the excise tax on medical devices before it kills that industry in this country.

BuckeyeSam on November 19, 2012 at 8:14 AM

Soooooo……rearrange the deck chairs on the titanic to look like this!!

As previously stated, if the GOP is not willing to risk losing big then they will not win i.e. the let it burn strategy. If that is the case pass the democrats tax increase on the so called wealthy but go on a media blitz about how they are the ones responsible for the increase and subsequent economic turmoil. Rid yourselves of any responsibility.

…provided those tax increases were accompanied by serious and enforceable cuts in government spending.

Aww, isn’t that cute how they think we can cut government spending?

Most of the CEOs in attendance had no hesitancy in endorsing higher taxes on affluent people like themselves, provided those tax increases were accompanied by serious and enforceable cuts in government spending.

Thats the key right there. I think some of us ( myself in this group ) would not mind so much for tax increases if and only if cuts were also put into place.

Heres the problem though:
Dems always “promise” to “cut” at a later time, most of which never happens.
We also have ObamaCare getting ready to kick into full effect here shortly. As we all know this is the elephant in the room, that elephant is call skyrocketing cost for spending.

What also tends to be the issue is that the feds are so deeply entwine with social programs that even though we all think it would be great to just cut em out for the most part, doing so would be disastrous for the country. Plus even if you did try to do something drastic like that you would have an all out revolt. I know many say your “ready” and maybe SOME of you are, but you can not have enough ammo to take out 50% of the population so to say.

commodore on November 19, 2012 at 8:45 AM

They already have. Don’t expect to read about it in the papers though.

provided those tax increases were accompanied by serious and enforceable cuts in government spending.

Ninety percent indicated they would favor a package that included at least one dollar in tax increases for every four dollars in spending cuts.

Barry will never agree to anything close to this. His take it or leave it offer wii be massive tax increases and illusory spending cuts.

Dems happy to go over fiscal cliff, if the economy tanks they’ll just blame the GOP for refusing to raise taxes on the wealthy.

Boehner/McConnell can’t/wont make the argument, so we will lose.

GOP needs to pass a bill immediately and put onus on Senate.

commodore on November 19, 2012 at 8:45 AM

Well, no matter what happens the Bull Stream Media/Democrat complex will lie anyway – But this one time the GOP should refrain from saving the left from themselves – let them Screw over the economy with higher taxes and see what happens.

The GOP needs to make it clear that it was the BSM & the Democrats that wanted this – so we let them have it.

It’s called ‘Be careful what you wish for’.

For Greeks, Crisis Reverses a Generation of Progress
http://online.wsj.com/article/SB10001424127887324439804578107181181360370.html

After nearly five years of grinding recession, which has sent unemployment above 25%, Greece’s development engine is running in reverse. Families that had clawed their way into the middle class in the decades after World War II are slipping painfully backward.

Out-of-work professionals and tradesmen are moving back in with aging parents or returning to ancestral villages. Others are going back to the kind of dirty or dangerous jobs, as shepherds or deckhands on ocean-going freighters, that Greeks had largely abandoned as their country grew more affluent. Some are leaving Greece.

Boehner/McConnell can’t/wont make the argument, so we will lose.

GOP needs to pass a bill immediately and put onus on Senate.