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Yo_Mama

(8,303 posts)

55. Your point is good

Thu Dec 20, 2012, 10:40 PM

Dec 2012

but I still don't think that we can fantasize that we can take this out of the hide of the lower and middle income households.

A regressive tax increase of this magnitude will widen the deficit rather than lowering it, because it will push us into a hard recession, raise unemployment, lower tax receipts and increase federal spending on welfare programs.

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Merry 'Cliffmas': Obama, Boehner Deal Dims [View all] brooklynite Dec 2012 OP

This is so fun to watch them fall apart. loyalkydem Dec 2012 #1

So the Republicans are going to let taxes go up on the rich? liberal N proud Dec 2012 #2

Not by much BlueStreak Dec 2012 #10

Yes. janx Dec 2012 #14

Newtown is more important than this inside the Beltway crap. bluestateguy Dec 2012 #3

Full steam ahead to the Cliff! SoapBox Dec 2012 #4

Amen to cutting Defense more rather than SS Liberalynn Dec 2012 #11

Seriously I don't think you are paying attention. humbled_opinion Dec 2012 #20

I don't know where you live? John2 Dec 2012 #33

I'll ditto to John2...and this... SoapBox Dec 2012 #34

First off humbled_opinion Dec 2012 #44

And are you saying, combined 50K NET, as in the actual amount, after all deductions, SoapBox Dec 2012 #35

Yes that is correct but taxes will go up on everyone not just the rich.... humbled_opinion Dec 2012 #45

My bracket got humbled_opinion Dec 2012 #47

I'm with you. Plucketeer Dec 2012 #27

Must be nice but there are humbled_opinion Dec 2012 #48

I was amongst those military hardware employees for many, many years. Plucketeer Dec 2012 #65

My God! The bias of ABC! "Increasingly grim" indeed! The old deal is the best deal for Americans! grahamhgreen Dec 2012 #5

Not what they're saying... brooklynite Dec 2012 #13

Let's list all those Financial Repercussions... SoapBox Dec 2012 #17

Really here is the list... humbled_opinion Dec 2012 #22

$5000 of $50K...is a TEN percent increase. SoapBox Dec 2012 #36

He's correct Yo_Mama Dec 2012 #39

When you're running a deficit, you're not getting a tax cut, grahamhgreen Dec 2012 #43

Are you actually arguing humbled_opinion Dec 2012 #50

I agree that the 2% payroll tax cut should be rescinded Yo_Mama Dec 2012 #52

Sometimes it's helpful humbled_opinion Dec 2012 #54

I can assure you that bankers get it Yo_Mama Dec 2012 #56

The Bush tax cuts did not cut taxes for the lower class by grahamhgreen Dec 2012 #57

No but they did cut them humbled_opinion Dec 2012 #59

Your point is good Yo_Mama Dec 2012 #55

Thank you for showing so plainly humbled_opinion Dec 2012 #49

Did you forget humbled_opinion Dec 2012 #46

Add to that the non-defense spending cuts... brooklynite Dec 2012 #38

History suggests the market will tank if we do strike a deal. grahamhgreen Dec 2012 #42

Some people happy humbled_opinion Dec 2012 #51

Source? grahamhgreen Dec 2012 #41

"deficit-reduction compromise". Who are they kidding? mostlyconfused Dec 2012 #6

Neither side? Sure about that? mac56 Dec 2012 #7

Positive. mostlyconfused Dec 2012 #8

Ah, but wait, there's more! mac56 Dec 2012 #9

Two points...first, you're talking about 10 years mostlyconfused Dec 2012 #24

Your solution? mac56 Dec 2012 #28

There isn't an easy one mostlyconfused Dec 2012 #29

Let the taxes go up! John2 Dec 2012 #12

You going to feed my kids? humbled_opinion Dec 2012 #23

Hot Damn! ReRe Dec 2012 #15

In pirate voice: "Off the cliff ya scurvy dogs." maddogesq Dec 2012 #16

Spam deleted by OKNancy (MIR Team) Fontune35 Dec 2012 #18

chained CPI?????? heaven05 Dec 2012 #19

I want some of what you're drinking. amandabeech Dec 2012 #21

Must be some good stuff! forestpath Dec 2012 #26

and heaven05 Dec 2012 #61

He absolutely will!.............nft plethoro Dec 2012 #30

and heaven05 Dec 2012 #62

Apparently your drinking has increased your prescience. nft plethoro Dec 2012 #63

???? heaven05 Dec 2012 #64

Obama is too determined to cut SS not to find a way to save the evil deal. forestpath Dec 2012 #25

When we go off the cliff, will that mean Obama caved on caving? JoePhilly Dec 2012 #31

Let the Republicans boil in their own stew. JDPriestly Dec 2012 #32

Super ditto. SoapBox Dec 2012 #37

Yes, but if we go over the cliff it is imposing an austerity measure Yo_Mama Dec 2012 #40

Again thank you humbled_opinion Dec 2012 #53

And what do you think will happen if you instead impose the austerity on seniors? JDPriestly Dec 2012 #58

How about an offsetting tariff based on labor and environmental standards? amandabeech Dec 2012 #60