Tag Archive: Bush tax cuts

Fiscal Cliff I: The Search for More Money

As Thrill noted, the so-called fiscal cliff was semi-averted last night. I didn’t pay too close attention to the debate since the basics of the deal had been hashed out days before. All we had last night was political theater. It’s true that 2/3 of the Republican House voted against it. But they allowed it to come to a vote and most voted after they were sure it would pass as an ass-covering maneuver. I’m … Read more

Boehner Flinches from the Abyss

So for all of the stress, the House GOP leadership (including Paul Ryan), a minority of Republican Congressmen, and a majority of Democrats
passed the tax deal they were offered by the Senate. The Rich (less than 1% of the population) got tagged with a 4.6% increase (horrors!) and caps were placed on deductions, among other meaningless items.

I suppose it is palatable since we have at least gotten the remainder of Bush’s tax cuts … Read more

Starving the Budget

With the fiscal cliff looming, Republicans are indicating some flexibility on taxes, at least for the higher income brackets. Naturally, this is generating some opposition:

To start with, Kristol misunderstands the opponents of the tax increases on the rich, whose main goal is not to ensure that the rich get to keep more of their money. Their main goal is to prevent the federal government from obtaining a new source of revenue. Why might that

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Ceiling Obama’s Fate

I don’t like Speaker Boehner or trust him.  Which just means I have a lot in common with your average conservative Republican congressman (that and skinny-dipping).  It bothers me that this is effectively the most powerful Republican in the federal government.  He’s going to compromise our best strengths away and we’re going to get screwed.   But I really have no idea what else the GOP in the House should do.

We’re talking about Obama’s legacy … Read more

Administration Expectations

I’m more interested in what happens after Inauguration Day than what happens on Election Day. As much as I want Obama out of office, I wonder how much it would really matter if he loses. My own sense is that his election is all about who is going to be holding the bag of shit when it finally breaks.

As I’ve said in another thread, I think Romney is going to win on Tuesday (assuming … Read more