E-mail updates
Follow on Twitter
Subscribe to RSS From NBC's Shawna Thomas
The chairwoman of the Congressional Black Caucus, Rep. Barbara Lee (D-CA) said it best herself, "I think when you look at the record, members of the CBC…have supported 99.9% of the President's agenda." But today they held a press conference to say on the issue of President Obama's tax cut compromise, the "overwhelming majority" of the CBC "are opposed to the current tax plan."
"The vast majority of CBC members are opposed to the estate tax provision and to extending the Bush-era tax cuts to the wealthiest two percent of Americans," Lee said.
Rep. Bobby Scott (D-VA), who has led a CBC task force on drafting an alternative plan, came out earlier this week against extending all of the Bush-era tax cuts, but said the plan the CBC put together would be about half the cost of the president's proposal. The CBC plan gets to their number by nixing the tax cuts for the wealthiest Americans and modifying the estate tax. Scott said the CBC had reached a consensus on three areas:
- A 13-month extension on Emergency Unemployment Insurance Benefits plus additional assistance for the chronically unemployed
- A payroll tax holiday or equivalent payment with guarantees that Social Security will not be deprived of revenue.
- A two-year extension of the Bush-era tax cuts for middle- and low-income families and an extension of provisions such as the Earned Income Tax Credit, the Child Tax Credit and the American Opportunity Credit.
Scott's biggest concern was how the president's plan is going to be paid for.
"Finally, we have a choice," Scott said. "If we are going to do a tax cut, somebody is going to eventually have to pay for it and you can't give everybody a tax cut like it's Oprah Winfrey or Santa Claus. You get a tax cut. You get a tax cut. And eventually somebody is going to have to pay for it."
Many in the CBC seem worried that when the Republicans take over the House next year, the way it will get paid for is by repealing health care or cutting back on education spending. Scott took it one step further, "We're on track to essentially extend them all. The idea that you're going to extend them into a presidential year and then cut them? We've already established the principle that failure to extend the tax cut constitutes a tax increase. And if we can't do that, if we can't cut them off now, what is the chance we're going to be able to do it… in the middle of a presidential, congressional election…The last presidential candidate running on a platform of increasing taxes was Walter Mondale. That was not a successful strategy."
But it wasn't clear how exactly they would get the bill changed. Lee said, "We're going to look at what takes place and determine our strategy as this evolves. Certainly there are a variety legislative strategies and options that we are considering but at this point we don't know exactly how this will play out."
Lee also said she'd like to see the President come to the Hill to talk to the House Democrats. "I'm sure the President would hear the same message that we delivered to Vice President Biden."
Leave a Comment:
Lay off Oprah she and Gail got issues right now. But, she is generous with her money though; which is more than I can say about the GOP/TEA BAGGERS salivating to put Social Security on the Wall Street casino.
Someone should tell Rep. Bobby Scott (D-VA) that the only time the CBC worries about deficit spending is when Republicans...in a compromise agreement with President Obama, believe it might actually stimulate the U.S. economy and alleviate the unemployment rate.
Hypocrites...
Like so many other House Democrats (far to numerous to name)...
They ought to be ashamed.
You too, Bev.
Yo, Mixed Bag, you're all Mixed Up: the CBC had plenty of negative to say about the Bush Tax Cuts back in the day as well as the Medicare Act of 2003.
You should be ashamed for being a mouthpiece of the FAUXNews Military and do some independent research.
Yo, Mike-
You and the CBC should be talking to President Obama.
He's the one who decided that working with Congressional Republicans on extending ALL of the Bush tax cuts was a good idea.
Actually...I agree with him.
House Democrats...and particularly the CBC, are about to become a footnote in future policy decisions of major importance after the swearing-in of the 112th Congress in January.
But really...your issues are with the President.
Not me.
Yeah, we all know how well the original tax cuts worked to stimulate the economy. Not at all!
Mixed Bag - and the Republicans whine about deficit spending unless they are talking about giving tax breaks to the rich. Then it is not a problem.
Heartlight-
HELLO...
This is President Obama's agreement...HIS compromise deal with the Republicans.
That means HE'S giving tax breaks to the rich, too.
The White House and Congressional Republicans share joint ownership of this proposal.
Deal with it.
Obama has.
Someone should tell Rep. Bobby Scott (D-VA) that the only time the CBC worries about deficit spending is when Republicans...in a compromise agreement with President Obama, believe it might actually stimulate the U.S. economy and alleviate the unemployment rate. Mixed Bag.
So tell me how does giving the highest 2% of the population stimulate the economy & alleviate unemployment. These are not new tax cuts - they have been on the books since 2001 & 2003, how come they haven't been working? How come its okay to not have the money to pay for these tax cuts, but be bothered by not having money to pay for the unemployed at the tune of 56B?
Republicans & you are the hypocrites & heartless.
There will be close to 6 million without any benefits very soon, especially Tier 4 which will end & then there is a need for a tier 5 - So hey if we have to borrow money to pay for the Republican Tax Cut for 2 years, then have unemployment run for at least a year for all the unemployed and then lets see if those cuts you say will create jobs work? They haven't for 7 & 9 years - but who knows?
Oh by the way I do have a problem with Obama caving & making a bad deal.
Uh, Joyce-
The tax cut extension for the upper income brackets represents only a small part of the cost of this bill...and I'll let economists and other experts like you argue about the extent to which those tax breaks stimulate the ecomomy.
The truth is that most of the money spent to extend the Bush tax cuts goes to lower and middle-class taxpayers.
Extending the Bush tax cuts for the wealthy and lowering the estate tax accounts for about $125 billion out of $900 billion in spending...spending that includes an additional 13 months of unemployment benefits, other measures intended to stimulate the economy, and, of course, the aforementioned extension of the current tax rates for the lower and middle class.
Republicans get $125 billion...President Obama gets the rest of this $900 billion package...
Hmmm...
I'm guessing President Obama is willing to "cave" on a "bad deal" like this every day of the week.
Only Congressional Democrats and hopeless ideologues (guilty on both counts for the CBC) wouldn't.
It is good that somebody is watching the store. I just read that Harry Reid is slipping gambling provisions into the tax deal.
Maggie quite right... here is the link I posted earlier in the week with my own observations...
as reported at...http://www.msnbc.msn.com/id/40575163/
The CBC in offering their interpretation of what the compromise should contain conveniently included only those elements are being pushed by the liberals.
I took a bunch of economics and management courses in college and have worked in management for forty years and this don't loon like any compromise that I have ever seen
Can any tell me how this is a compromise?
The CBC does state that their reasoning is in part based on the fact that someone will eventually have to pay for these things and thus the tax rate extensions for the "rich" were not possible?
Since the tax rate extensions for the "middle class" and the other liberal giveaways they want will cost more then ten times what the annual cost of the tax rate extension for the "rich" will cost and thus is much worse for the deficit and the economy.
Grow up
Extend the tax rates for all or let them all expire and everyone pays taxes
Robert I am so glad I'm not the only one who picked up on that! All we have heard for the last 2 years is Republicans need to learn to compromise. Lo and behold, now that the republicans have overwhelmingly agreed to said compromise, the liberals say no no, you're not doing it right - compromise means you give us everything we want and you get nothing! How dare you think you should get something you want and we should give up something we want in this compromise...
I've come to accept, much to my own displeasure, that tax increases are all but inevitable at this point- we've been on too big a spending spree for too long to flat out avoid it, but before we raise taxes on anybody, we need to give the slow recovery we're seeing time to take hold. Once things improve and we get more people back to work, the tax base increases. WE also need a major budgetary diet. Cuts across the board from defense on down. Start with combining redundant agencies & streamlining processes. Cross train across the branches of our armed services and work toward standardizing our fleet of aircraft and vehicles. We'd save a fortune in replacement parts alone if everyone used the same equipment. Rewrite the tax code to close loopholes and eliminate deductions. WE can lower everyones tax rates and still increase the government's revenues if we level the playing field for all tax payers. Again, more paying, fair rates across the board and the revenue will increase even with a lower tax rate.
This is not a "tax cut" but an extension of current tax laws. If allowed to expire then it will truly be a "tax increase" since current tax rates will go up. This should never have waited until the end of 2010, the majority of congress (democrats) have had 6 yrs to settle this issue, but failed to act. Further it should be a stand alone bill, nothing added.
Bush had 3 options. He could INCREASE the rate, Keep the CURRENT rates the SAME, or DECREASE the rates.
He picked #3.
It was TEMPORARY.
When the "TEMPORARINESS" goes away, it reverts to, not #1, not #3, but #2- CURRENT rates. It's NOT an increase. It's a CONTINUANCE of the then-current rates that were TEMPORARILY modified.
And for God's sake, if it DOES expire, it's NOT going to be the 'biggest tax increase in the nation's history' as that dim wit Hannity says. Over and over and over and over and.....
sfcret
drive-by-observer is right, if the tax CUT expires then we go back to regular rates, these rates are the same from 1995. the 1995 rates are the current law. i wish people would understand that the tax cut passed by Bush was not a perminate tax reduction(as fox news says) but a temporary cut. that means that when we file our tax return we are still paying from the 1995 rate with a % off your taxs from the tax cut.
if the cuts expired, then there is no % off your taxs.
There are no permanent tax rates. They rise and fall at the whim of Congress. The Liberals are doing nothing by playing semantic games with the language in an attempt to justify their actions.
To be clear Liberals, there is no baseline of tax rates. It's just fiction dreamed up on your part in a feeble attempt to justify your position.
Clearly taxes will be going up, and going up by a significant amount come January 1st, if the party of "No" Democrats continue to hold Americans hostage from their inability to settle on a tax rate. Not many taxpayers will look at their greatly reduced paycheck at the end of the month and say "Gee, that's odd, my taxes have reverted back to what they were in 1995". No, instead they'll ask themselves "Am I better off than I was 2 years ago?" After that they'll start looking into where their money went, and who might be responsible for that occurring. I doubt many will blame Bush.
I am here to Give JoAnna a Stroke for her Excellent post. Just being like them JoAnna, Well Stated..
JoAnnaSmith1
There are no permanent tax rates
Your Right there is a current tax rate, the current tax rate is the rate from 1995. the tax cut was temporary, if something is temporary than its not preminate, the tax cut was not preminate it was temporary, your tax rate is the same as 1995, the government gave a TEMPORARY CUT, most was 3%.
Joanna I am better off than 2 years ago, i did blame bush when my 401k lost thousands, and i got layed off, but since President Obama bailed out wall street my 401k has made up the thousands i lost and made me thousands more, I'm working thanks to the stimulis Bill that gave construction a life line when the privite sector could not, so even if my tax went up, i would still say that I'm better off than even 3 years ago.
Joanna just last week you were blasting the right for almost ruining the ecomony, for over spending, Now you are like sibyl , we are seeing your alter personallity Like today, then monday we will see the regular joanna, I bet your a prize for your husband every other day.
Well Jeff, we are just so happy that you are better off than you were 2 years ago. Many, many others can't say the same. Most in the private non-government funded sector, the ones that have to make it on their own, the ones that can't depend on borrowed government dollars funding them, are not exactly doing so well. And now their taxes look to be going up. That should help, right?
As an aside, you do realize Jeff the stock market is being propped up by borrowed money, correct Jeff? One could call that a very similar thing to the housing market of several years ago. No one particularly liked the end result from that, now did they?
The Democrats let this tax issue slide until the last possible moment. They had plenty of time to address it in the last 2 years, but didn't. Now it's crunch time, somethings going to happen, and as usual with the Nancy/Harry run Congress and Barack run White House, it's an emergency. So rather than do things the proper way, like defining a budget and building a tax structure that supports that budget, the Democrats are scrambling in a panic, pointing fingers, blaming others, and screaming at each other. Typical day really.
And that helps America, how?
"Clearly taxes will be going up, and going up by a significant amount come January 1st..."
.....just as YOUR president BUSH arranged for 10 years ago. Looks like we got another legitimate "blame Bush' moment here, huh Einstine??
"I bet your a prize for your husband every other day."
Wow- I never thought of that. JoAnna must be a fun date. I mean, guys DO like variety, right? A little 'strange' now and then?
"Well Jeff, we are just so happy that you are better off than you were 2 years ago. Many, many others can't say the same."
WHOA! Since when do Y O U care about 'many others'????
You MUST be several different people every other day!
Yes, the Evil Bush envisioned a liberal President taking his place in 2008, and he orchestrated a tax plan that would make that president and his henchmen in Congress look bad. The new president won his election by being a populist and by railing against the Evil Bush tax plan for years, but oddly did nothing about it for the 2 years prior to it expiring. But the Evil Bush got the last laugh as the new liberal president had to make an agreement with the extreme in the minority Republicans to extend the very same tax plan!
You just can't make this stuff up.
And Karl Rove has an Evil Weather Machine that controls Global Warming too.
And who's "Einstine" Einstein?
JoAnnaSmith1
As an aside, you do realize Jeff the stock market is being propped up by borrowed money, correct Jeff? One could call that a very similar thing to the housing market of several years ago. No one particularly liked the end result from that, now did they?
the market is being propped up because the value of the dollar is down, which makes investing in the market a deal for forgien investors. also the market is up because the financial institution are stable again. How was the market propped up with borrowed money when last year this time, people and business could not get loans from banks No matter how good your credit was? this is not a trick question i really want to know who this was possible.
the housing market busted because of people buying homes they could not afford, People buying home with NO money down.
JoAnna, I am not sure if I am better off than I was 2 years ago, but I am certain that I am be3tter off now than I was 3 years ago! These tax cuts are part of the Bush agenda that brought about our fiscal mess in the first place. The Bush administration oversaw the most anemic job growth in modern history and these tax cuts didn't lead to job growth back then, and they won't lead to job growth now.
Drive By and Jeff - 10 years is not a temporary period no matter how you try and spin it. The reason it was a so called "temporary tax cut" was because that is all Bush could get from the democrats. I agree he (Bush) screwed up by not demanding the tax cut be made permanent prior to the democrats taking control of congress. The democrats during their 4 yrs could have done whatever they wanted with the taxes since they had control of congress. In the eyes of those that weren't working 10 yrs ago (a lot of HS and College students) this is a tax increase if the rates are not extended.
sfcret that is my complaint with the dems, they wait until midnight, having done NOTHING to solve this issue then when the president drafts a compromise they want to complain. Its no wonder they lost control of the house and if the repubs weren't so daft they would have lost the senate. Thanks to gods grace I am employed I am worried about those who are not and are about to lose benefits are these drips going to give up their money to help pay their rent and other expenses?
I at times have believed that the President has been soft but this time he has done what he could.
sfcret - My understanding on the Bush tax cuts was that the reason they were temporary is because they were done through reconciliation, bypassing the Democrats, and the rules of reconciliation dictated that they be temporary. It doesn't matter whose eyes you look through because Congress has to look through the eyes of the law and the law is that these cuts were designed to expire and go back to the previous rates before the cuts were passed. Bush pushed these cuts through to be temporary because he didn't care to pay for them and didn't care to bother with bi-partisan support. He felt as though the surplus from the Clinton budget was his to do with as he pleased, along with his 2 unpaid for wars and his unpaid for Medicare drug plan, etc, etc, etc. The Democrats were counting on having bi-partisan support for making permanent the cuts for the lower and middle class and were counting on the president to stand firm on his promise to allow the upper brackets cuts to expire. The House passed a bill to do just as the president campaigned on. The Senate bill got rejected even though it had majority approval because of the 60 vote thing, even though 8 or 9 Senators just decided to stay home or whatever. If the rules stated three-fifths of those present instead of three-fifths of the total number of Senators then this would be a moot issue, the President's original plan would have succeeded.
america is going down the tubes, i feel like me and bernie sanders are the only people left who give a damn about the average guy. i don't know what happened to obama but he has let us all down. i hope these rich b------- suffer the pangs of hell for what they are doing to this once great country of ours. i have a sneaking suspicion that obama may run as a republican in 2012.
BOO HO HO ..... JACK
i feel like me and bernie sanders are the only people left who give a damn about the average guy.
I feel like me and Colonel Sanders are the only people left who give a damn about the average guy.
Jack, Obama is far too left of center to run as a Republican. He is about as repub as W was. If you think he is for the small guy, take a look at the roster of campaign donors he has.
If you want to rev up the economy, then a combination of tax cuts and HCR changes are warranted. Did anyone see the current list of waivers that were quietly granted for employers? If HCR is so great, why are all these companies, including the unions being granted waivers until 2014? Ask any business owner, large or small, and they will tell you that tax issues and health insurance are the biggest reasons for sitting on any capital that they have.
If only those anti-tax tea party activists could just tell us how to convert our government to running on Rubies and Fairy dust, then we could keep the Bush tax cuts and probably throw in a complete repeal of the death tax and other taxes as well.
James
I believe the suggestion of drastic spending reductions was the solution you are seeking
Reduce spending, defense, government, entitlements, social programs, everything
Reduce spending
Create an economic environment that is conducive to business owners (I believe you liberals call them the rich) creating and/or expanding businesses on U.S. soil
Implement a tax system wither with a flat rate for everyone or reduced rates for all that eliminate all tax deductions so that everyone pays taxes, eliminating the over 40% of Americans who pay no taxes at all to the federal government (and please do not mention the federal gas tax)
There is a solution for you that might work or at lest pieces of it
Certainly better then crating a total society of social welfare
Robert,
Even in the best environments, business owners will go where they get more bang for the buck.
The CBC is right. Someone is eventually going to have to pay for these and the Republicans are ready to take over in January and begin the process to cut back government spending.... especailly all the spending increases that the OBama clones have injected into our Government structure in the past two years along wth a lot of other cutbacks to bring this country back into finscal reality. Notice that the CBC only offers their same ole spending give-aways and no plan to pay for any of their "compromises." Typical liberal demagoging!!! Their proposal just keeps the poor and unemployed still poor and unemployed and does NOTHING for job creation! But that is how they like it ....so they can control their voting block!
Republicans ran on a platform of Fiscal Responsibility and reducing the National Debt: yet the first and most important legislation they are going after is fiscally irresponsible and increases the National Debt. Adding 900 billion to the debt is far from keeping any campaign promises. Republicans will stop at nothing to transfer wealth from the working class AND the Treasury right into the pockets of Big Business and the Wealthy Class.
How's that working for all you GOP'ers out there that now look like complete fools.
The fools are the ones who just lost 63 House seats and the majority, Mike.
Mike
Let us not forget that in this two year extension bill, the bulk of the cost (in excess of $800 Billion) is for the stuff that the liberals
The extension of the rates for the "rich: costs $140 Billion for two years
You think EVERYONE that isn't a millonaire is a liberal ? What kind of kool aid have you been drinking ?
You think that the liberals wanted the the extension of Bush's tax cuts for ANYONE ? What kind of kool aid have you been drinking ? There goes the deficit dumb ass
The CBC comes up with a plan that sticks it to a "class" of folks they think are just making too much money or have too much wealth to pass along to their kids. Oh, and look at how fiscally responsible they are now, and, by the way, here is some more social justice unemployment goodies to hand out to those good, noble folks over there who are in a "class" they love and approve of. Shocker....Good little Marxists one and all.
Actually the "middle class" tax cuts are enjoyed by the upper bracket earners as well so the rich would not be getting stuck at all. they would be getting the same as the middle class did if only the middle class tax cuts were extended. The rich just think they need more goodies than everyone else...the good little welfare queens they are.
The upper income folks earn more than everyone else. I don't recognize classes of people. The progressives want as much of their goodies as they can get their greedy hands on.
The divisiveness and conflict between and within both parties may just deliver no extension of any tax cuts. Certainly that would be better for the deficit. But probably not so good for the feeble recovery.
True indeed. And it is the recovery we should be worried about. Not the provisions favoring one class over another. It is not inconceivable that enough Democratic Senators actually prevent this bill from cloture. That may not be a bad thing. A second round of negotiations would only hamper some of the additional spending that has been added. The nuclear option is a significant upswing in taxes for all. One can be sure our fine legislature will find a way to spend those extra dollars rather than implement effective deficit reduction with any new revenues. That is of course once we recover from the double dip recession that will likely ensue shortly after the new tax rates show up in the form of greater withholding in the first half of January.
The CBC is just afraid that there won't be raises for the 'BABY MOMMAS'. 150 years and still our albatross.
Ob ama is not at fault, it is all the democrats and progressives that were asleep at the switch this last November. You all stood by and let the rightwinger define the issue , and by being complacent we hurt our cause. Because we permitted an onslaught of rightwing pigs to move into the hallowed halls of Congress, Obama is now forced to negotiate with PUMPKIN HEAD AND SCARECROW from a position of weakness because of the outcome of that contest.Where was the progressive constituency that got Mr. Obama elected? He pleaded with us to get out there, but instead too many sat this one out. Obama did the best he could and salvaged what remained under difficult circumstances
Did you really think that the GOP wouldn't use payments to the unemployed as a bargaining point? I have told you all before that if you are not Thurston Howell, they could not care less about you, one way or the other. Obama made a sacrifice so that 2 million unemployed might be able to receive these benefits and buy time for many still trying to find work. To my friends on the left who have a problem facing this reality, I say YOU ASKED FOR IT.
Courtesy of FUX News, recipient of the Ted Baxter award for journalism excellence.....
FOR THE RICH MAN, THE ENTIRE WORLD IS A BROTHEL: for how little can you be had?
Credence 1
Let the tax cuts expire. Reduce the deficit. Regain some semblence of respect in the world by being fiscially responsible.
WAM - I would agree with you, except the democrats would never use the money to reduce the deficit, they want the money to continue and add more social programs. I, and many others, have no problem with a tax increase but not until the congress and president can prove that they can rein in the spending, do away with earmarks, stop waste and fraud in current programs and show they can be responsible to the tax payers.
"the democrats would never use the money to reduce the deficit". What makes you believe with the GOP track record that the Republicans would?
I don't but I think there is a better chance with the republicans than the democrats.
History has not born that one out. 12 trillion of our current 14 trillion debt or whatever it is was run up under just 3 Republican presidents - Reagan, Bush I and Bush II. Under Clinton, our debt was actually brought down some.
You people who rail on African Americans are the ones who are confused. Do you actually think the rich care about your needs? Do you think you matter because as of today you're still employed, or your retirement wasn't gobbled by Enron or Madoff? You look down your noses at those who represent the people who are adversely affected by the Bush Era policies...why because you believe you have a seat at the affluent table. Well things could change quickly and you could be left out in the cold next. You people are being used to bicker back and forth with us, while the rich use their money to buy and sell our political system.
Wake -Up! your racism is your Achilles Heel anyone who wants to manipulate you can pull the real race card at any time. Talk too much about accomplishments of people of color and you start to feel out of sorts, you want to go back to Jim Crow. You will vote against your own best interests to feel superior to people of color....too bad, so sad. We are not your enemy & The Rich are not your friends....figure it out before it's too late. Stop drinkin the kool aid.
Well, said, Natalie, you have the heart of an explorer and the soul of a poet. Thurston Howell just chuckles while everyone fights over the crumbs from his table of bounty. It is a lot like the Invasion of the Body Snatchers films, where the 'snatched' people were dedicated to the care and cultivation of alien seed pods that were responsible for the invasion. How it is that people can be duped into willingly acting against their own best interest remains a mystery shrouded in an enigma....
Get rid of earned income credit, it isnt something they earned or deserved and we could save billions.
Correction. It seems to be pretty self-explanatory. It is a tax credit for EARNED INCOME that falls within a certain range (all still qualifying as fairly low income) given to families with children to help offset their costs of raising those children. They most definitely did earn it under the current tax laws and are entitled to it. But, please, the maximum credit only amounts to a few hundred dollars anyway, not the $300,000+ bonus that some are receiving from the Bush tax cuts in the upper brackets.
Don't those CBCs be gettin enuf perks for demselfs and dey brothers and sisters? Do we poor working fools have to work harder to help keep em?
We have in our history a time when some were keeping them and they were doing all the hard work while their rich masters received all the perks.
I am son of two parents who have nothing more then high school diplomas. And yet THE CAPITALIST, PRO BUSINESS, LOW TAX, policies of the united states combined with my parents hard work, risk taking and intelligence have allowed them to become millionaires. They have an obligation to pay taxes in order to ensure they get to keep what they have earned (military). Otherwise no one has a right to tell them how there money will be spent or to take (tax) them to give it to those who will not work as hard, are lazy, unwilling to take risks, or don't possess the intelligence necessary to strike out on there own. No one in this country is entitled to anything. You are born with certain rights and opportunities not guarantees. Because you dont wanna sacrifice doesn't entitle us to live off of others. Why do those who are not willing to work 60 or 70 hr weeks, sacrifice time, family, and take risks think that those who do should pay more taxes to take care of the rest.
Secondly, read up on your tax code. Most businesses are taxed based on personal income tax rates. So if the small business you work for makes 250,000 or more there taxes are gonna go up. Better hope you arent the new guy hired, or that you dont want a raise, or extra help with what you do, because thats small business futures, when your small business tax rates go up.
If the Bush cuts expire then yes, after expenses,deductions, etc. each dollar of taxable income above 250,000 for a family would see a 4% percent higher rate.
Why can't black folks live like the rest of us? We're all hurting, except of course the 2%. I haven't had a job in a year and a half cause there are none in Dayton to be had. I am not collecting unemployment cause I can't. Why do black folks play the race card when the rest of us have less than most of blacks? I just don't get it, how do they expect to be treated equally when they constantly want to make skin color an issue.
"Why do black folks play the race card when the rest of us have less than most of blacks?"
The African-American community suffers rates of unemployment twice that of whites. How is it that the 'rest of you' have less than most blacks? What is the reasoning behind that statement? Based on the statistics 'skin color' remains an issue whether minorities press it or not.
The fact that Asians do consistently well does give a little support to your point, though. The fact that their medium incomes remain higher than that for whites may be indicative of the fact that whites do not necessarily pull all of the strings.
I would sure like to know more about what you people think about these topics.
By the logic they have applied, the CBC represents the kind of Santa Claus that breaks into your house and steals everything except your last loaf of bread and considers themselves to be noble and generous because they left that for you.
It is good to hear someone finally understands when the Republicans take office this trillion dollar deficit will require drastic cuts. Washington State just cut monthly aid to the fully disabled to $255 month in a State with average rents of $800, this was to pay for not increasing taxes on the rich to balance the budget. This action by a Democrat Governor hit the disabled poor first and hardest including medicaid. Schools will be slashed, and on and on! This is their plan, they actually do plan these things. liberalism will be killed by a thousand cuts, or a trillion in unpaid deficit spending!
Now they are worried about how to pay for things after cramming health care and extended unemployment dow the throats of working people. I say this and you can call me a racist if you like. Its time to cut everything, every black person in the south that has milked the system since the 60's. Every immigrant and ethnic person in the inner cities, every white hill billy, and unwed mother who have helped milk the system and last but not least every bleeding heart liberal with your governemnet giveaways and say no more. Go out and earn what you get and quit trying to steal it from hard working people that struggle each and every day of their lives to see their tax dollarts squandered by big government entitlements that are nothing more then free money to those who are to lazy to do what is right. Period.
Thanks CBC, maybe all us Santa Clauses who employ you all will not fire your sorry behinds for trying to let us keep our money. That's right CBC - IT'S NOT YOUR F'N Money. It's my money that I worked hard for. Think it over - what would you like. My money or your job. You decide and you live with it. No complaining.
Rocky-Buddy..... By the tone of your letter, I serious doubt if you would be affected if Congress enact a new bill which would tax any money above $20,000. 1st thing unless you live in the congressional district of a CBC member, you don't have a say in their job. 2nd thing is they opposed the give aways to the rich which isn't you buddy.
What are they giving away to the rich? The right to keep their own money?
Listen I have a job, but it doesn't mean that I don't care about those who donot. The President choose to look out for the people in need. Do we really think that the people who are in need of their unemployment insurance really care about the wealthy getting tax cuts? And while I continue to see the democrats up in arms they are only screaming about the wealthy I hear nothing about the 99ers. That they should go back and revisit. Lastly for the CBC to come out against this is a joke, the unemployment rate in the black communites they serve is well above 15%. The people they represent are truly in need, stop the grand standing!
President Obama takes the black vote for granted. He defers black prosperity even more than white racist. He is so afraid of insulting the THREE STOOGES (boehmer,mcconnell,kantor) . Our President is going to scare you by telling you he is all you got. Don't believe him. Make Republicans and Democrats work for your valuable votes. STORM THE BASTILLE!!!!!!!!!!!!!
I've never seen Oprah telling her audience, "You get to keep your money, and you get to keep your money, everyone gets to keep their money! Am I great or what?"