General Discussion

Tom Rinaldo

(23,191 posts)

3. The threshold will not drop again while Republicans hold the House

Tue Jan 1, 2013, 09:57 AM

Jan 2013

That is a big downside aspect of this deal - the leverage for Democrats to raise the tax rates just expired - untill midnight Republicans couldn't block that from happening without a vote that Democrats supported.

Remember earlier in the fiscal cliff "negotiations" when Boehner offered to accept "800 Billion" in new but unspecified revenues? None of that would have come from raising tax rates under Boehner's offer. Republicans hate raising tax rates and now they no longer can be forced to. The focus now shifts onto the old Romney tax (non)plan. We are back to "closing loopholes" and "limiting deductions" as ways to raise new revenues - all of which is subject to tax lawyer manipulations of course. How much new revenues Democrats will be able to get out of Republicans now is uncertain - but whatever it is for the most part will not as purely be targetted to hit only the upper upper middle class and the wealthy as what raising tax rates on the rich provided for.

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Since Sherrod Brown and Bernie Sanders voted for it [View all] Tom Rinaldo Jan 2013 OP

Maybe JustAnotherGen Jan 2013 #1

The threshold will not drop again while Republicans hold the House Tom Rinaldo Jan 2013 #3

I'm calling it a win for the Democrats and Obama. rgbecker Jan 2013 #2

Tom Harkin voted against NMDemDist2 Jan 2013 #4

Some people don't want to compromise. nt Honeycombe8 Jan 2013 #5

Some people don't know the difference LWolf Jan 2013 #17

Here's a riddle: Honeycombe8 Jan 2013 #18

That's not a riddle. LWolf Jan 2013 #19

It is not true that the deal is the Republican wish list. It is a true compromise. Honeycombe8 Jan 2013 #33

It sounds like you are trying to say LWolf Jan 2013 #36

We're past agendas. We're talking about the deal as agreed to. Honeycombe8 Jan 2013 #37

I thought we were talking about your riddle. LWolf Jan 2013 #38

Thank you PatSeg Jan 2013 #20

I understand, but BarackTheVote Jan 2013 #34

Oh I agree with that PatSeg Jan 2013 #35

I respect his concerns - and I share them Tom Rinaldo Jan 2013 #8

This. And we now have NO leverage for upcoming negotiations during which social programs will be cut chimpymustgo Jan 2013 #22

Word Doctor_J Jan 2013 #13

I'll wait to hear what Brown and Sanders say about it. A vote does necessarily mean support. n/t Dawgs Jan 2013 #6

I think a vote in favor means what it means Tom Rinaldo Jan 2013 #9

Like I said. I'll wait to hear what they say about it. Dawgs Jan 2013 #10

At some point THEY have to draw a line in the sand for Obama Doctor_J Jan 2013 #14

Did a little googling to find out who the "8" were OKNancy Jan 2013 #7

Carper and Harkin voted NAY Doctor_J Jan 2013 #12

Why Carper, who is a pretty conservative Democrat? karynnj Jan 2013 #16

I do. Bennet is a DINO Panasonic Jan 2013 #21

From your mouth to Gods ear, I want Bennet gone. Autumn Jan 2013 #25

I do remember the race between Bennett and Romanoff karynnj Jan 2013 #32

Hm. Wonder why Bennet voted nay. He's a pretty savvy dude on financial matters. Robb Jan 2013 #15

Ha. Don't make me laugh. Panasonic Jan 2013 #23

*Now* I recognize you from DU2. Robb Jan 2013 #26

Just fine, as long as I don't advocate for 3rd party. Panasonic Jan 2013 #29

Well, good for you I suppose. Robb Jan 2013 #30

He's also a rude jerk. Autumn Jan 2013 #27

Sort of Doctor_J Jan 2013 #11

Ah, healthcare. Notice how these dramas all have the same ending? Tragic. chimpymustgo Jan 2013 #24

most likely you are correct /nt still_one Jan 2013 #28

There's a video of Harkin's speech before the vote on HuffPo octoberlib Jan 2013 #31