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Boehner Rejects Tax Hikes In Job Stimulus Plan

September 20, 2011 by  

Boehner addressed the nation in response to the Obama jobs plan speech last week, and called for a new highway-funding bill that would be combined with a resolution to expand the U.S. energy exploration.House Speaker John Boehner (R-Ohio) has made a firm stance against any type of tax increases in response to President Barack Obama’s job stimulus plan, The Washington Times reported.

Along with his condemnation of the plan put forth by the Obama Administration, the Representative noted that the 12-member deficit supercommittee should lay out the groundwork for a full rewrite of the U.S. tax code, according to the newspaper.

Boehner addressed the nation in response to the Obama jobs plan speech last week, and called for a new highway-funding bill that would be combined with a resolution to expand the U.S. energy exploration.

“I think tax reform should deal with the whole tax code, both the personal side and the corporate side, and it should result in a code that is simpler and fairer to everyone,” Boehner said in his address. “Now tax increases, I think, are off the table, and I don’t think they are a viable option for the joint committee.”

While he took a firm stance against tax increases, Boehner did note that the tax loopholes for corporations should be closed as part of the reform that may take place, according to MSNBC.

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  • SMSgt Z retired Nam 68

    EDITORIAL
    The Truth About Taxes
    Published: August 6, 2011
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    A week later and we are still amazed at how the Republicans in Congress pulled it off. They held the economy hostage, won some cheap political points, and all of us will spend the next decade paying the ransom as government programs — $900 billion over 10 years in the first round — are slashed and the recovery is put at risk.
    Related

    Times Topic: Federal Debt Ceiling
    S.& P. Downgrades Debt Rating of U.S. for the First Time (August 6, 2011)
    Readers’ Comments
    Readers shared their thoughts on this article.
    Read All Comments (189) »
    The only glimmer of hope is that the battle is not completely over — if President Obama is finally willing to fight.

    Under the terms of the ill-conceived debt agreement, Congress has to propose another $1.5 trillion in deficit reduction measures by December. Just to ensure that rationality does not have a chance, Republican leaders said they would not put anyone on the deficit-cutting “super-committee” who might entertain the idea of raising taxes.

    A week later and we are even more amazed by the failure of Mr. Obama and the Democratic leadership to stand up to this intransigence. If they do not start pushing back, with the same ferocity, the results will be disastrous.

    Standard & Poor’s made its judgment about both the political standoff and the all-cuts, no-new-revenues deal on Friday when it lowered the country’s long-term debt rating one notch, down from AAA. And while “no new taxes” pledges are almost always big political winners, Americans are also figuring out that the country cannot keep on this way. According to the latest New York Times/CBS News Poll, 63 percent support raising taxes on households that earn more than $250,000 a year to help address the deficit.

    If that is not enough to energize the White House, here are a few more facts. To avoid across-the-board cuts, Congress must enact at least another $1.2 trillion in deficit reduction measures over the 10 years. For all of the talk of “big government,” there is no way to cut that much in discretionary programs without crippling basic functions. Lawmakers could eliminate the Federal Bureau of Investigation, Pell Grants, the Centers for Disease Control and Prevention, the National Institutes of Health and Head Start and still not cut $110 billion annually.

    Entitlement reform is essential. But it is unlikely that lawmakers will agree on deep cuts to Medicare, Medicaid and Social Security. Finally, asserting that deficits can be tamed with spending cuts alone ignores that the Bush tax cuts — costing $1.8 trillion from 2002 to 2009 — are a big reason we got into this deep hole.

    Here is the bottom line. There is no economically sensible or politically honest way to address the deficit without also increasing revenues and reforming the tax code. The major challenges are these:

    LET THE BUSH CUTS EXPIRE Mr. Obama vowed to let the high-end tax cuts (for people making more than $250,00) expire in 2010. But in a preview of the debt fight, he agreed to extend the cuts for two more years when Republicans held unemployment benefits and other measures hostage.

    Letting all of the cuts expire at the end of 2012 would save $3.8 trillion over the next decade. Letting the tax cuts expire for those making more than $250,000 would save $700 billion. That would make a real dent in the $2.4 trillion in total deficit reduction envisioned in the debt limit deal.

    A sensible and fair approach would be to let the high-end tax cuts expire as scheduled, but keep the other tax cuts for another year. That would keep more cash in the hands of people most likely to spend it and prop up consumer demand while the economy is weak. It would give Congress and the administration time to undertake tax reform.

    MAKE REAL REFORMS Most Congressional Republicans are willing to embrace reform, but only if it is “revenue neutral.” There is no question that the system is overly complicated; it is also riddled with hugely costly special deals for special interests. Any reform must streamline the code, make it fairer and — most important — raise more revenue.

    TARGET TAX BREAKS AND LOWER RATES Each year, the government provides $1 trillion in tax breaks. Some of the largest breaks — for itemized deductions and retirement savings — should be retained because they subsidize important goals, like home ownership and old-age security. Right now, wealthier taxpayers get the greatest benefit. The process needs to be reformed so that most of the help flows to those who most need it: low- and middle-income taxpayers.

    At the same time, super-low tax rates for investment income should be ended. Capital gains are taxed at a top rate of 15 percent, compared with a top rate for wages and salary of 35 percent. Proponents argue that the lower rate is an incentive to invest, but research shows that it also encourages gaming of the system. Tax breaks that have outlived their purpose must be ended, starting with subsidies for the oil industry, which is making billions in profits.

    The revenue from such reforms could be used to pay down the deficit and allow all tax rates to be lowered, improving incentives to work. The amount of revenue raised and the drop in tax rates will depend on how much tax breaks are curbed.

    OTHER TAXES Congress should consider raising revenues in other ways, like a value-added tax, or carbon taxes. That way all of the needed revenue for deficit reduction, and for what government provides, does not need to be squeezed from the income tax. A value-added tax is conducive to saving, and a carbon tax helps protect the environment.

    The public is open to new taxes, and the economic facts are clear. Until tax increases are considered in equal measure to spending cuts, there will be no budget fix.

    A version of this editorial appeared in print on August 7, 2011, on page SR10 of the New York edition with the headline: The Truth About Taxes: There is no credible budget fix without more money coming in.

    • Lastmanstanding

      Sarge…not sure why you would post something ridiulous as this.

      The public IS NOT open to new taxes…only the public that walks to the failed US post office to collect its freebie from the rest of us. I’m not talking about SS and medicare.

      The govt has a spending problem and a POWER PROBLEM.

      The next war that will be started will be here in the USA.

      • Doc Sarvis

        Actually, the public IS in favor of raising taxes on the very wealthy. It is the Rich and those beholden to the rich (i.e. certain conservative legislators) who are applying a lot of pressure NOT to do so.

        • Warrior

          Doc, you are so spot on? It’s the rich who got this country $15 trillion into debt. It’s the rich who created the mortgage crisis. It’s the rich who put medicare/medicaid/SS in the financial positions they’re in. It’s the rich’s fault that Calif, ILL, NY are broke.

          If we could just get you into to office, the rich could be taxed at 110% and all would be right with the world.

          • Doc Sarvis

            Warrior, you are not that far off in your first paragraph (way off in your second). The rich/powerful have made foolish decisions in order to benefit the rich at the expense of the middle class. THAT is your class warfare.

          • mark

            No one is talking about taxing the rich 110% except for you. We are talking about taxing them at the same rate as in the 1990s before the Bush tax rates when our economy created 22 million new jobs under Bill Clinton. The top rate paid on income over 250,000 would go from is current 35% to 39% – not 110%.

          • patty

            SO mark – 39% federal, 10-15% state, add on sales tax, property tax, and a litney of other taxes. 60-70% isn’t enough for you. How much is enough for you? Give me a %. And are you willing to pay that same %?

        • patty

          NO THEY ARE NOT. I would rather see “the rich” producing jobs instead of holding them hostage to this free fall economic BS that you have only Obama to thank for. “The rich” are not hiring because they have no clue what is coming and until it is settled they will continue to sit on the money they earned. If the gov’t continues to play this class envy war, they (the rich) won’t be leaving in droves from over taxed states like the ones out east to go to TX and FL. They will be leaving this country and taking THIER money with them. THEN, where will you get your freebies from?

          • mark

            The rich are not hiring because there is so little demand. Uncertainty has nothing to do with it. It fact the situation is incredibly certain. People are not spending and buying things at the rate they did in the 1990s and early 2000s. This is why no one is hiring. You can give a restaurant owner absolute certainty in terms of health care cost and tax rates, but guess what, if his restaurant is only one-quarter full, he will not hire.

          • patty

            Mark-You couldn’t be more wrong or miss informed. I could hire a new person right now. I turn down business because I can’t handle it. I could if I hired someone. But, I’m not. Why should I? The gov’t. will just confiscate it. Why should I take on the responsibility and headache of another employee when I am going to be punished for it? I don’t get a waiver from all of the new gov’t. regulations like all of the others are getting. If the majority of large employers are getting waivers, unions, McDonalds, Wal-Mart, gov’t., etc., and the ones not getting waivers are leaving the country. Who is left?

          • mark

            The rich get enormous deductions and loopholes that they exploit to the max with their tax lawyers. They are not paying anywhere near those rates. In fact many don’t pay any income tax whatsover. See:

            http://content.usatoday.com/communities/ondeadline/post/2011/08/irs-1470-millionaires-paid-no-income-tax-in-09/1

            But they have millions like you to rush to their defense while they consistently screw their fellow citizens. Then they just laugh themselves sick in their country clubs, giant homes, luxury boxes, and Lear Jets. They actually have the suckers fighting for them. It’s hilarious!

          • patty

            People are not spending and buying things because of the uncertainty.
            http://money.usnews.com/money/business-economy/articles/2011/09/13/why-consumers-arent-spending
            I am not spending unless I have to, and I am only buying from people who have the need to sell off thier stuff because they are in such straights and I am getting a really good deal. Are you spending like you did before? Get out there, spend, spend, spend and help jump start this ecomomy. Me, I’m not so confident. I will sit on what I have.

          • patty

            And exactly who makes those tax laws? Government. To make a statement that Corporations don’t pay tax is a plain lack of your understanding. You are right. Corporations don’t pay taxes, people do. And since most corporations are Sub-S corporations, the corporation files a K-1 to the stock holders of the corporation and they pay the tax. It looks like the corporation is not being taxed, but the fact is that the profit the corporation makes is moved to the owners in the form of a K-1 and the owners put that income on thier 1040 personal form which they pay tax on. If you are going to just recite class warfare, it is lost on people who know how it really works. Keep yourself in the dark, you don’t know the color of the kool-aid then.

          • eddie47d

            Your comments are very good Patty from your standpoint and some businesses do have a hard time staying open with onerous rules.That is a given especially for small businesses that only sell niche items.They don’t sell in the volume that big retailers do yet have many of the same expenses. That cuts a hole in their profits and laws should be changed to reflect that. I wish you well in making your business fair and equatable and the government should be noting those discrepancies.

          • patty

            Thanks Eddy. If people could actually understand the simplicity of how this works then everyone would be better off. The big corporations who employ a lot of people get those breaks, because (sigh) they employ a lot of people. People who can’t or don’t want to have thier own business rely on the big corporations to earn a living. Why do states give tax breaks to corporations if they come to thier state? Because they will employ a lot of people. Why does the federal gov’t. bail out big corporations? Because they employ a lot of people. These people complaining about big corporations host off of them and when they shake them loose, they complain. I bet most of the people that are complaining about big corporations either work for one or were laid off by one and they are just mad that they lost thier host.

          • Bud Tugly

            You don’t understand the real class warfare and redistribution of wealth. Over recent decades more and more of America’s cumulative wealth has moved into the hands of fewer and fewer people. Some have truly earned that wealth while many have been waging subtle class warfare against the middle class and poor by clever manipulation of numbers and produced nothing of value to earn that wealth.

            My heart will not be broken if these people have to settle for one fewer Bentley, a ten foot shorter yacht, or a smaller villa in Barbados. They are not all job creators, many just tuck it away in tax sheltered accounts or off-shore.

            If the mega rich are true patriots they should be happy to help the nation that gave them so much.

            Mrs Boehner, McConnell, Cantor, Bachmann and company seem somewhat hypocritical in their antics and are more concerned with scoring political points and embarrassing the POTUS rather do what is right for the country.

            Ron Paul seems to be the genuine candidate.

        • Patriot II

          Doc, why would you want to take someone’s Capital (that they could use to create Jobs) away and through it down a Rat Hole (the Fed Govt)? It would just be wasted. The way you are thinking is the way an Ignorant fool thinks, or did I read you wrong?

          • Doc Sarvis

            The rich should contribute here since they have benefitted so much by our system of government, our infrastructure, our workers, our resources, our standing in the world, etc. Instead they are either sitting on their money or (worse) investing it overseas (at a tax break no less) sending jobs elsewhere. That is what is foolish.

          • patty

            Doc – They do it because we are still a quasi free nation. Do you want to take that away also? We are only 2nd to Japan in corporate tax rates. http://taxprof.typepad.com/taxprof_blog/2009/08/us-corporate-tax-rate.html
            Why is China, India, Polands economy are thriving, with Poland being Europe’s Most Capitalist Country. Does that tell you anything????

          • eddie47d

            China and India also have there very wealthy. They also pay extremely low wages and have hap-hence working conditions.Although they are improving their standards of living has no comparison to ours. Another thing is that their government is spending trillions in infrastructure projects to attract new business. That is something Conservatives are against in this country.

          • patty

            Eddie-I am definitely not against infrastructure. But when a state builds a new stadium while the 35W bridge collapses killing 14 of its citizens in MN, I got a problem. Our gov’t. and the general population cannot distinguish between a want and a need. We need roads, bridges, safety. We do not need stadiums for billionaires to house thier hobbies, we do not need 90% of what the gov’t. tells us we need.

          • eddie47d

            Thanks Patty and a good come back.

          • Iva Raggon

            An interesting quote from Mike Lofgren

            ” It would have been hard to find an uneducated farmer during the depression of the 1890s who did not have a very accurate idea about exactly which economic interests were shafting him. An unemployed worker in a breadline in 1932 would have felt little gratitude to the Rockefellers or the Mellons. But that is not the case in the present economic crisis. After a riot of unbridled greed such as the world has not seen since the conquistadors’ looting expeditions and after an unprecedented broad and rapid transfer of wealth upward by Wall Street and its corporate satellites, where is the popular anger directed, at least as depicted in the media? At “Washington spending” – which has increased primarily to provide unemployment compensation, food stamps and Medicaid to those economically damaged by the previous decade’s corporate saturnalia. Or the popular rage is harmlessly diverted against pseudo-issues: death panels, birtherism, gay marriage, abortion, and so on, none of which stands to dent the corporate bottom line in the slightest.”

        • Patriot II

          Doc, If I give the Gov’t $ 10.00 they Spend $ 15.00 and give me back a value of .50 Cents Do you Freaking get it Yet ??? Why in the H e Double tooth Pick would I want to give them any money of anyone’s until they fix themselves?!!!!!!!!!!!!!!!!!!!!!!!!!!!!

        • Nadzieja Batki

          Define with clarity what amount of money defines the “rich”.
          You fall in this catagory of people,”One idiot says something and all the idiots keep repeating it.”

        • http://ahalbert@smart-technology.net Allan

          No doubt the 50% who pay no federal income tax feel the rich pay more.

    • http://google gary gerke

      Your way of thinking is flawed, you and yours have caused the majority of problems in the USA today. Your ideas hold no water. You and yours would continue the insanity!

  • patty

    Exactly correct Last Man. What SMSgt fails to understand is that he is doing EXACTLY what the talking head libs are spewing forth.
    SMSgt-THINK. They are going to raise the capital gains tax. THINK. Do you have a 401k? Any investments? Do you know how many middle class Americans have one? You are agreeing to raise middle class retires taxes from 15% to 35%. THINK before you jump onto this class envy train. This is a tax on everyone and anyone who has done the right thing and saved for thier retirement. Unlike the ones who have been sucking us dry and producing nothing and are provided with everything. Thanks, I will put you in the uneducated kool-aid drinking class. This is just ANOTHER way for the gov’t. to get thier hands on everyones retirement money, not just “the rich”.

    • SMSgt Z retired Nam 68

      From FactCheck.com

      High Corporate Tax Rates

      Calling for a lower corporate tax rate, the president said:

      Obama: [Corporations] with accountants or lawyers to work the system can end up paying no taxes at all. But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change.

      Here the president is exactly right. Of 31 industrialized nations tracked by the Organisation for Economic Co-operation and Development (OECD), the combined federal and state tax rate for U.S. corporations is 39.21 percent. (That’s an effective rate on all income after deductions are taken into account, not to be confused with the top marginal rate on the last dollar earned.) The U.S. rate is second among OECD member countries only to Japan’s, which was 39.54 percent.

      Other major trading partners have far lower rates. Mexico’s rate is 30 percent; Canada’s is 29.52 percent; and Korea’s is 24.2 percent, for example. Ireland’s was the lowest, at 12.5 percent. A separate ranking by the World Bank — which tracks more than 200 countries — found the top U.S. marginal tax rate of 40 percent on corporations (a combined state-federal rate) was tied for fourth highest, exceeded only by the United Arab Emirates (55 percent), Uganda (45 percent) and Japan (41 percent). The U.S. tied with Libya, which also has a 40 percent top rate. (The World Bank cited among other sources an annual study by KPMG, the big accounting firm.)

      Some corporations do manage to pay less. A study by the University of North Carolina, quoted in Bloomberg Businessweek, found that U.S.-based multinational companies paid an average effective rate of 26 percent, only slightly more than the global average of 25 percent. But the same story noted that companies without overseas units pay higher rates

      • patty

        Thanks for proving the point that we have the 2nd highest corporate tax rate. And the more regulation and taxes, the more the jobs will go overseas. Again, thank you for pointing that out.

    • eddie47d

      Also Patty a Hedge Fund Manager on Wall Street makes at least a billion a year. That is their salary and is only taxed at 15%.Most of us have a tax rate of 28-35% Unfair? U Betcha.Time for a major overhaul on many fronts but that is one of the more glaring.

      • patty

        Not sure where you got your numbers from: http://wiki.answers.com/Q/What_is_the_average_income_of_a_hedge_fund_manager
        http://www.ehow.com/about_6331853_average-salaries-hedge-fund-manager.html
        not that that isn’t some ching, but most make less than a half a million. But then, 20-50 million to make a film for an actor seems a bit ludicrous to me also.
        I think the fund itself if managed properly will make a billion or more, but they only get a % of that and the rest go to the investors.

      • djdrew103

        And to lend to eddie47d’s more valid points than compared to others here…

        It’s the Republicanism stagnant stalemate agenda that hinders our legislative process to lame duck sessions, in merely an effort to protect big money and corporate powers from having to pay in their fair share. Their political inductees have fast become empty chairs that merely seek the luscious salaries of job bribery after they leave office, attaining $5M contracts for companies like the pharmaceutic’s lobbying parties that infectiously influence our legislative branches. They have given up doing any REAL politics as they merely operate to make the current administration look bad in the upcoming elections. If they lose, we will feel the crunch for the affect their battle tactics have left us with, past four years they have had their hand in the till and choked our country dry. It will then take the administrative powers years and decades to recover what their inaction succeeded in not accomplishing. As I said, do a Google search for President Obama’s administrative accomplishments even in the first year he was in office then Goggle the Republican Party’s accomplishments since 2008. It will open you to an awareness that is unmistakably the truth.

        • patty

          I look at it more that the republicans are trying to keep us from going over the cliff. I don’t see a safety net for anyone once were off the cliff.

        • patty

          From 2008-2010 the Democrats had a super majority. They slammed everything they wanted on thier agenda through, none of thier promises to “the little people”. It is still 2/3′s democrat and 1/3 republican, exactly who is holding who back?

        • patty

          djdrew103-”And to lend to eddie47d’s more valid points than compared to others here…” your really a little condescending jerk aren’t you. Beat your wife too I bet. The only thing you wrote in that post is the same BS talking points that have no validity or substance coming from the liberal side of your mouth.
          Give me a fact that I can check.

  • home boy

    it doesn’t matter how many jobs the rich make if the average joe has to pay $7 for a pound of bacon. inflation is coming and it will kill the pockets of the middle class who consume these products that the rich make. just look at housing. yes we know who caused the problem but we have no solution yet . housing is 20% of GDP. that is huge. that’s a long list of effected business , not just construction. it could take 20 years to get back to normal and that normal will be different then what we were use too. higher taxes are coming . get use to it .

    • patty

      Homeboy-All of the middleclass people I know close to retirement are selling everything they own off and moving to Mexico, Costa Rica, and other more affordable countries. The rich are vacating also. So, look at what you will have left. Gov’t. employees and the poor. Sad, sad state for this country. We will still be the land of plenty. Plenty of people who don’t produce squat.

      • djdrew103

        You use shear “chaos theory” like its a candy to suck on. Everyone is moving to Mexico and Costa Rica? Why do you think we will swallow that as fact, as if there is a mass exit of retirees fleeing the country under the guise of financial burden? Are you really so blind to the total picture?

        You blame everything on the President, while completely ignoring that the Republican Party stands for protecting the wealthy and corporate powers that have lobbied for the very infections that have lead our country into turmoil. The President voted for and brought into effect the very legislation that now prohibits lobbyists from giving corporate executives mass bonuses for buying into their policies.

        Republican agendas created the deregulation of our banking industry that opened the door and allowed the deceitful actions that lead to the financial crisis and they willingly and deceitfully ignore those issues that allowed Fanny Mae and Freddy Mac to lead us into oblivion.

        Moving to Mexico and or Costa Rica? Without insult, you may be better off there where your vote counts little to nothing, and learn a truer meaning to just how much your vote means here?

        Quit using “made up” statistics to prove a biased opinion, It hurts your other constituent’s validity.

        • home boy

          so why didn’t obama go one step further and eliminate lobbyist from playing ing washington. that would have been a big and worth while accomplishment.

          • patty

            Ni kidding. Another broken promise.

          • eddie47d

            Republicans are the ones who vote against financial reform,campaign reform and lobbying reform so that should tell you something about who has the Elites in their pockets. The President doesn’t vote on those issues so lay it at the feet of Congress.

          • patty

            And Eddie – Since congress has basically been in the hands of democrats the past 40 years with a super majority from 2008-2010, WHY didn’t they do something about it? No, they rammed healthcare and czars and more regulations onto everyone. Your right about it being congress’ problem, wrong that it is just the republicans.

        • patty

          You are the miss informed one. Retirees are leaving America in droves. Not just Mexicao and Costa Rice, just about anywhere but here and they are taking thier social security checks with them and spending them in those countries building thier economies.
          http://www.nicaliving.com/node/9888
          http://findarticles.com/p/articles/mi_m0NTB/is_22_43/ai_n6360936/
          Tell me again djdrew103 about my “chaos theory”.

          • http://?? Joe H.

            patty,
            Here’s one person close to retirement that will be going……NOWHERE! this is MY country, I was born here, I have lived my life here and I will die here, as well!! I love this country, hate what the government is doing to her! I will stay here and do all possible to return her to her former glory!! People that will flee like rats deserting a ship don’t deserve what this country could be!! what it was when I was a kid of ten or twelve. People if it’s worth having, IT’S WORTH FIGHTING AND WORKING FOR!! NOTHING GOOD COMES EASY!!

        • patty

          djdrew103 – OMG, you do know that Fanny and Freddie are gov’t. entities, right? Run by no other than Barney Franks lover who got one of those big fat cat bonus’? You do know that don’t you?
          http://www.therightperspective.org/2008/10/04/barney-franks-gay-lover-head-at-fannie-mae/
          http://answers.yahoo.com/question/index?qid=20101027091824AAecjOT
          http://www.americablog.com/2009/03/fannie-mae-joins-bonus-fun.html
          Stop blowing smoke up peoples hinders, you may not like the back fire.

    • patty

      Maybe you can get a job cleaning one of the gov’t. employees houses. They are now considered the wealthy. Read this article: http://www.informationliberation.com/?id=33251
      The majority of gov’t. employees are making more than 6 figures for thier compensation package per year. Do you?

      • mark

        It is a pittance compared to what the corporate pigs and Wall Street gluttons make. But they own people like you who will always speak up in support of multi-millionaires. Maybe we should have a teleton for all of them. Have coal miners, factory workers and construction workers pay more so that the rich can live better. Do you have any idea of how the rich are suffering in this country? Lets all get together and help them. That is what the Sap Party…excuse me Tea Party is all about.

        • patty

          S**w U Mark. I run my own business. Have for 20 years. I employ people, do you? The wealthy people that I know work 24/7. Do you?
          I don’t suck up to anyone, I don’t have to. Do you? Do you suck up to a gov’t. employee to fill out your forms to get your freebies?

          • mark

            Yes and one of the great advantages of owning your own business, the dirty little secret that no one talks about but that everyone knows, is that owning your own business is a great way to beat taxes. Businesses get all kinds of special deductions and ways to hide income. That is one of the incentives to owning a business, especially one where customers pay cash. Working people who have ordinary payroll deductions taken out of their pay every week don’t have these advantages to hide income.

          • mark

            Oh, the rich work twenty-four hours a day, seven days a week. Yeah, right! The rich never sleep. They just work every single moment of their lives. Not like the lazy workers who sleep at night and take Sundays off. How can one even debate with someone who makes such ludicrous exaggerations.

          • patty

            Because I am obviosly one of the 24/7 and you are a 9-5er if you are employed at all. Still waiting for someone to give you a job at a livable wage? Why don’t you start your own business? Get out there and make on your own what you think you are worth. I worked a second night job to pay my bills, raise my son while I built my business. It is pay back time, and your not getting any of it. When I am at a client until 7 pm. Guess who is still there also. Not 1 employee, only the owner and me and sometimes he isn’t there either.

          • patty

            Mark-Get rid of ALL the subsidies, loopholes, 20,000 IRS agents. I’m for it. But, you don’t see either side doing it do you? So, stop stomping your little liberal feet and blame it on republicans. They are all drinking like sailors at the lobbyist trough.

          • eddie47d

            Saying that government employees make bundles of money and are not worthy of compensation for their work is rather ludicrous Patty. You are the one making class warfare with those ridiculous comments. We all know the government is huge and each Department employees thousands.A private CEO makes about 2-3 million a year and employees hundreds to thousands. Government “CEOs” for the most part only make 2-400 thousands even though they may employ many more workers than the private sector does. The President makes $400,000 and is in charge of 310 million people. Shouldn’t his salary compensation be 50 million a year or more. Shouldn’t the CEO of NASA be making about a billion dollars a year considering they have (had) a few trillions invested in those space missions? Why do we reward private CEOs so handsomely yet treat government CEOs like crap? Now I do not want to increase government salaries only trying to prove a point. Now Obama did make a couple of million off of his books so that is irrelevant to this issue. Some will say that government workers and their bosses are failures and don’t deserve the high salaries. Okay then we will look at it from a private business entity. ATT Corp just fired a corporate executive(John Waters) who worked for them a year and a half. They said he lacked the intelligence to do the job but when he left he was paid $26 million for that very short time. So he was rewarded for failure and only proves that the private sector is out of control in passing out compensation packages. Anyone who does business with ATT is paying for this incompetence and that true story is repeated many times over with other companies who pay outrageous salaries to their executives. Our economy is being raped by these bloated CEOs and you have the nerve to claim that there is class warfare. When it is brought about by a lack of intelligence in our Capitalistic system.

          • patty

            I can obviously debate you because I am smarter than you, and have been on both sides of the fence. That is exactly why I work for myself. You should try it sometime. Ah, no cahuna’s, got it. Then be happy with what someone else will provide to you.

          • patty

            Eddie47 – The difference is, I don’t have to buy from At & T or any other corporate entity. On the other hand, I have no choice on the gov’t. issue. When gov’t, employees make more than thier private sector conterparts, there is a problem. It is time to level the playing field. For some reason, you have a problem distinguishing between PRIVATE and PUBLIC sectors. Public sectors are in place to benefit the people, not the worker in the public sector (therefore “public servant”). Unless you consider which gov’t. building I go to or send my property taxes into, or DMV to get my lisc. tabs. or filing taxes a “choice” I have no choice. I pay or I go to jail. I won’t go to jail if I don’t buy ANYTHING in the PRIVATE sector.

          • JeffH

            patty, as you read the comments of posters like mark and eddie…you’ll see that they are clearly envious of those that have worked hard, become successfull and went on to make a lot of money…in their eyes those riches must be must shared their with the less fortunate, lazy or not…simply put…Marxist/socialist wealth re-distribution.

          • eddie47d

            Yes but you can get screwed by the private sector as I explained below. Sometimes you do have to buy from a private sector company because the competitions also has high prices. So the choices are not always there either.

          • patty

            Then Eddie, make a stand. Do without. Again, it is the need and want basis. If people stop buying into the I need cable, cell phone, the latest greatest gadget, and dumped it, prices would dramatically go down. But so long as your want turns into a need, the price will go up. It will only go up as high as the market will bear, and you are bearing it. Stop it and make a stand or don’t bitch because you contribute to the problem. Again, simple Econ I, Supply and Demand.

          • eddie47d

            I am never envious of those who work hard Jeff. So you feel you have to continually lie about me to score points?

          • JeffH

            eddie, never said you did…what I did say and you conveniently ignored is that “they(eddie & mark) are clearly envious of those that have worked hard, become successfull and went on to make a lot of money…in their eyes those riches must be must shared their with the less fortunate, lazy or not…simply put…Marxist/socialist wealth re-distribution.”

            Get it?

        • Patriot II

          Mark, Why would you want to give any money at all to the US Federal Government?, let alone argue over who pays what!

          • eddie47d

            P II; Because the States wouldn’t maintain the Interstate System and have to rely on Federal dollars. Because the States would have a hodgepodge of environmental rules which do effect their neighboring States. Because it’s been proven that business will deliberately pollute if there were no Federal rules. Remember the range wars where a farmer in one State would build a dam blocking water from flowing into another State? Who do you call to keep the States from having a shootin war ..the Feds. The Hoover Dam was built with Federal dollars because Arizona and Nevada couldn’t afford it on their own. Do I feel cheated because I don’t live in those States? Heck No. The issue should be which Federal agencies need to have less power and which ones serve a legitimate purpose. I know it is hard to grasp that the IRS does a service for this nation but everyone of us benefit from the taxes they collect. We all want but don’t want to pay for what we get. In some ways they function better than private companies and that is also hard to believe with all the negative comments we hear on a daily basis. Some comments are legit and some are absurd on that issue. My wife likes Satellite TV/Cable and they are private companies. They all claim the best service and the lowest prices. We have tried Direct TV,Comcast and Dish Network. I don’t see a lick of difference and they all raise their rates on a continuous basis. So going to the “store” to get the best deal isn’t always a deal or even a fair and honest price. They all scam the consumer so you either accept it or do without.(I can live without it but my wife can’t). Some can live with certain government agencies and some agencies are vital to others.

          • patty

            Eddie47 – Again, you have a CHOICE to have cable or not. I agree with you. They are screwing the public. That is why I opted out. I do not have cable TV. And, if they pass this legislation to get rid of free TV, I will opt out of that also. There is a reason they call it an idiot box.

        • Nadzieja Batki

          There is no such thing as a right to a job. Get that through you pea sized brain if possible.

      • Doc Sarvis

        Patty,
        The opinion piece you linked to made NO claim, as you did, that the majority of all government workers earn six figure salaries.

        • patty

          And these sites are just salaries. I was talking compensation package. Do you need the definition to that?

          • JeffH

            patty, stick around…you’ve got a pretty good head on your shoulders and your comments demonstrate that. :)

          • Nadzieja Batki

            I second that.

        • patty

          It is more that I am back. Was taking care of stuff at my farm. Do the work myself because some construction guy wants to make his next 6 months wage off of my 40 hour job because business is so slow for him. Now he gets nothing and I get quality work done right because I did it myself. Bet he was wishing he took that 1000. I offered him about now. PS: Roofs suck!

  • mark

    Yes Boehner will bow down before his corporate masters and lick the boots of Wall Street and the big banks. Tell me something I don’t know.

  • bob Marshall

    The tax code should have been revised years ago.The Federal Reserve should have been audited every yea and be held accountable for its actions.No one in government is ever held accountable.I was under the impression the super committee was supposed to come up with ways to reduce the budget.Obama does everything on his own. The democracy will cease to exist when you take away from those willing to work and give to those who would not. Thomas Jefferson ObamaCare created 159 programs. Visit usa.gov and realize where our taxes go. The larger the government the greater control over the populace.The United states ceased to exist in the way our founders had planned in 1913 with the establishment of the Federal Reserve and the IRS.

  • Ted G

    Come on people, this is all a scam and misdirection by Obama. Look at how he has already changed the discussion to “Class warfare” instead of the overspending and big governement issue we really face.
    Of course we should not allow loopholes in the tax system, but lets face the facts, its the same corrupt government that allowed those to come into being that is now propping them up as a the big issue to solve all our deficit problems pleeese! Keep your eyes on the ball people, its still the spending stupid! If my also add where do our elected officials get the authority to do all this, because based on my reading of our founding documents, they do not have either the right nor the authority.
    I’d be happy to take away all the unfairness and corruption in our tax laws/loopholes, but not until this corrupt and unrepresentative government is made to heal at the feet of “we the people” and shrink by nearly 50%!

  • Capitalist at Birth

    To all of the dolts posting here today about the insane idea of stealing someones stuff: You are either, jealous or envious of someones success compared to your failures. Get your head out of the sand before it is too late. If you hadn’t noticed, The Democrat Party has always been the part of big business and slaveholders. They want to keep all of the poser and eliminate competition (small business.) Capital gains taxes are only at 15% of those holdings sold after at least one year. They are higher if sold under one year. Income taxes and corporate taxes need to be lowered to a flat rate with no deductions or loopholes, while eliminating FICA and Medicare taxes entirely. Most of the alphabet soup departments need to be completely eliminated or scaled back dramatically. In the interim GM and Chrysler should have been allowed to go through the bankruptcy proceedings in a legal manner. I will probably discontinue reading the idiotic posts here as it is a total waste of my valuable time. I have more important things to do, like studying investing in the Stock Market and making myself and family even richer than we are. Then hiding my wealth from you thieves. By the way, I am well armed and will to use those arms to protect my stuff.

    • Patriot II

      Capitalist at Birth;

      Well Said!

    • eddie47d

      So Capitalist at Birth wants to abolish Medicare. So Capitalist at Birth wants to make tons of money off of the shysters on Wall Street and call it all good. The only difference between the person who robs a bank and the crooks on Wall Street is the weapon they use to commit their crime. (ponzi’s and derivatives for starters).

      • patty

        You can opt for a self directed IRA and chart your own course. You don’t have to invest in the stock market as your investment vehicle. There are other investment options out there. Any would be better than social security, but then, you would be responsible for your choices of investment. Some people can’t do responsibilty and want to have the out to pass it on to others to blame.

        • Nadzieja Batki

          Well said.

        • http://?? Joe H.

          Patty,
          I would agree with you if, 45 years ago when I first started working, I would have had a CHOICE as to whether or not I had social security collected from my checks. Had that been true, I could have invested it and would noe have a lot more than it will ever pay me and if I wish, I could pass it to my kids! now here you are saying move the age to 75 and i will collect even less of my money back! I don’t care if you work 25/8, my money has been stolen for 45 years and I expect to collect it! It is not an entitlement program, I pre-paid it!! I am 60 years old and can collect at 65 now you want me to wait till I’m 75, if I live that long? As you seem fond of saying, $crew you!!

  • Delores Smith

    SPEAKER OF THE HOUSE JOHN BOEHNER,
    All overspending must be stopped. No highway bills. Speaker, the only way that we will get out this mess is stop everything Obama is seeking in order to collapse our economy. We can do without highways,
    additional educational expenses, and the goodies that Soros and Obama will continue to request until they’ve reached their goal of the New World Disorder. It is clearly transparent that they are collapsing the economy deliberately, You cannot assist them in reaching their goal. Soros, Obama and the rest of the radicals want to make America a Third World Nation. Over my dead body! This is our 112th Congress. Let’s stop the destruction of America.
    Delores Smith
    Delores109@cox.net

    • Patriot II

      Delores;

      You are obviously very Intelligent! Right on Sister!, but our real Task at hand is Neutering the Liberal Media, they shape Public Opinion and Public Opinion is what Obama and the DemLibs count on.

      That is their Soft Underbelly, Public Opinion and the Liberal Media that Manipulates the ignorant masses.

      • eddie47d

        The Media is owned and operated by Conservative Corporate Conglomerates but nice try Patriot.

        • patty

          C’mon Eddie – http://defeatcommunism.com/profiles/blogs/george-soros-media-mogul-lefty-businessman-spends-millions-fundin
          The reason that it seems like there is more conservative media is because conservative media sells and therefore they stick around. Liberal does not. There have been 100′s of attempts at liberal media shows, but they don’t make it. Not profitable. No one watches. Unless you want to stick to MPR which is a gov’t. Soros funded channel.

          • eddie47d

            Soros is no more powerful than the Koch Brothers. I have heard nothing of Soros for 2 years now yet the Koch’s are influencing politics in spades within that time frame. I don’t believe either are media driven or own media outlets.

          • patty

            You didn’t read the article, did you. Here is part of it. “The 2,500-person event was sponsored by a group called Free Press, one of more than 180 different media-related organizations that receives money from liberal billionaire George Soros.”
            And another: http://answers.yahoo.com/question/index?qid=20080418111614AAD9Kca
            So, maybe he may not own an outlet, but he sure does fund them. I have not heard anything about the Koch Bros. and I live in MN.

          • patty

            You haven’t heard anything from Soros because he is keeping a low profile trying to figure out how to funnel a billion dollars into Obama’s campaign funds.

          • eddie47d

            That’s your personal conjecture Patty about Soros. The Koch Brothers were very active in Wisconsin this and last year.

          • patty

            And Soros has been very busy behind the scenes as well. At least the Koch Bros are upfront about it and not back door funding.
            http://www.foxnews.com/opinion/2011/05/18/soros-spending-48-million-funding-media-organizations/
            And a little tabloid type problem:http://dealbook.nytimes.com/2011/08/11/george-soros-the-girlfriend-and-the-apartment/
            What the hell is a 28 year old doing with an 80 year old? Well duh Georgie. So ya, I guess he has been busy.

        • Patriot II

          eddie47d;

          The why is the Media against “Conservative Corporate Conglomerates”

          I think you have a screw loose!

  • William

    The speaker of the House John Boehner is right in not allowing this Alien President have his way to destroy America.
    What we need is to Follow the lead of the New York Times and Impeach this Devil before he completly destroys us as Americans

    • mark

      You guys have been on this rant for 2 and 3/4 years. It has not happened yet and it will not happen. If you don’t like your current president, we have a solution for this in America, it’s called presidential elections every 4 years. Go out next November and exercise your right to vote. But quit dreaming about impeachment.

      • Patriot II

        Mark, If it was Fair and Balanced in the Media we (the Intelligent people), would have a shot.

        When I tune into ABC, CBS or NBC, I can see how they Spin things to demonize anyone who opposes Obama and the other Muslim Terrorists as well as the DemLibs. Why can’t you? Do you watch Fox news, like I watch ABC, CBS, or NBC? Obviously not! you are close minded.

        • eddie47d

          Did you hurt yourself patting yourself on the back Patriot? Mike Shedlock(Investment Advisor)on Townhall.com which is a Conservative site wrote an article last week saying that Americans should accept $10 an hour or less and no benefits. He is a man who makes well over $200,000 a year and lives in an ivory tower telling everyone else to lower their standards. That is how the Elite come down on the Middle Class by thinking we are all glutinous thieves. Shedlock produces noise into the outer realm while the Middle Class produces actual products. The more they can slam us downward the more money they can put into their piggy bank and at a discount price.

          • patty

            Eddie-No one is holding you to a $10/hour job. Go make yourself a job that pays more than $10. The person you sighted uses investment into companies so that those middle class workers will have a job to produce something. Without investment, there is no production. Very basic econ I stuff.

          • eddie47d

            Few people making $10 an hour will be doing any investing so I believe that guy is a shill for the right. Why else would he shoot himself in the foot over that issue. Nothing wrong with having money but not on the backs of others. I just don’t look at Shedlock as credible and is another disappointment.

          • patty

            Eddie – I didn’t say they would be investing. I said without investments you have no production. Therefore, those middle class people who rely on those job creators (investors), wouldn’t have a job to go and produce anything in the 1st palce.

          • 270 Win.

            eddie47d, I am glad that the president and ceo of the corporation that I work for is making money on my back, he is the one that started the company. If not for him I would not have my job. If I did not like it, I could move on. There is no place for this class warfare in this great nation, I fail to see how taxing someone more, is going to make someone else’s life better.

          • Patriot II

            eddie47d;

            Lol! You must be in the Union. No one else would evade the question by changing the subject.

            I asked you if you watch Fox News like I watch ABC, NBC CBS, and also CNN and MSN to keep informed on all sides (not just one side).

          • eddie47d

            Who’s changing the subject? I haven’t watched much TV for over a year now. Before that I split between Fox and MSNBC. Besides your question was for Mark.

  • texastwin827

    GE just laid off over 3,000 workers…then opened hired 2,500 foreign workers, overseas. The biggest problem with our country’s economy is that the politicians (of BOTH parties) have sold us out.

    They have passed so many laws that make it beneficial to these corporations to export manufacturing jobs for the cheap labor (although the end price sold here is not any lower) so they can maximize their profits and then the loopholes allow them to pay minimal taxes.

    I am not a liberal, so don’t mistake my comments as one. I have spent over 40 yrs in accounting, so I understand the tax structure. What they have done is drive down wages or, in some cases, destroyed the jobs to the point that this country does NOT have enough people paying into the system, and those who do are, are paying less because their wages are less.

    This “One World” economy has benefited no one but the Corporations who exploit the cheap labor. The guy in the foreign country is so thrilled that he has a job, he can be controlled by the threat of his losing his job. It is fast becoming that way, in the US, thereby making us also easier to “control”.

    The major loopholes need to be closed…we can start with the “Enron loophole”.

    • patty

      texastwin827-isn’t it ironic that the head of GE, Jeffrey Immelt’s is our jobs czar? Someone should have told him which country he was suppose to be making the jobs in. They are also the ones on the fast track for carbon taxes.

    • eddie47d

      Czar is a word concocted by the media and played by the pundits. No difference than using Messiah to describe Obama and just another word concocted by right wing talking heads. Jeffery Immelt also has encouraged the government to do away with some regulations to spur business growth. Let’s hear both sides of the issue.

      • patty

        However, during the Bush administration, Fox’s Bill O’Reilly called for the appointment of an “immigration czar,” as well as a “charity czar” and a “disaster relief victims family czar.”
        http://mediamatters.org/research/200909080038
        http://en.wikipedia.org/wiki/List_of_czars_of_the_Obama_administration
        And could you please tell me what Jeff has proposed. I couldn’t find anything he has except maybe following Germany who dressed us down on our increase in social programs.

      • http://?? Joe H.

        eddie,
        even nobummer has used the term “czar”! I guess even he has adopted it!

  • James

    Our problem here is that most everything we drive, eat and wear is made outside the U.S. Until tariffs are placed on such goods – tariffs that punish foreign made goods – the U.S. is doomed.

  • magnus

    As you prepared your bed so you sleep on it.may be you or some one of your peoples choice can arosed tomorrow,he/she will continue on your free tax system of states joint with your millions scales of natural resouces that grow,yield from your land if not…….

  • Earl, QUEENS, NY

    Don’t you get tired of Democraps who whine about the rich not paying their fair share of taxes?? WAKE UP!! The democraps are demagogues encouraging you to envy and hate anyone who has a dollar more than you. In reality, how does raising taxes on the wealthy, per se, help you?? And we hear that a large % of Americans pay no income tax at all; many of whom are drones. Of course, even drones and welfare moochers should face reality. The fact is that we ALL pay for the ridiculously high income tax rates on corporations and job creators (as well as for ridiculous government regulation), in the form of higher consumer prices whether we see it on our Form 1040s or not!! Thus, government may give you money with one hand, but take it away with the other. Likewise, even the drones and welfare moochers should realize that their government checks are like bread crumbs compared to what they could earn if government would just get out of our way and let free market reign. …. And let’s not forget that many of these demagogues are filthy rich democraps, and some are tax cheats themselves. Thus, if you must envy and hate the rich, then hate the phony rich democraps!! Let’s also demand that they give up their own wealth, and/or have THEIR taxes raised!!

  • Terry

    Boehner seems to me to have pushed O into a corner where he will have to justify his expendidures instead of just acting like he, O, is the emperor or more likely an ayatollah, and just issues edicts. Or like our judges who issue judicial fiats instead of ruling laws are constitutional or not.

    The muslims in America and in govt, who no dobut are totally used to the govt siding with them in islamland because they say it is allah’s or Mo’s will will now find out this is not islamland but America, the land of the free and home of the free, except in PC DC. And our govt does not operate on any kind of favoritism for muslims. The kopran is not our method, never has been and never will be!

  • Jibbs

    Now here’s something you’ll really like!!!

    http://revolutionarypolitics.tv/video/viewVideo.php?video_id=15915

  • Tess_2

    As I understand it, Obama’s Plan will create “Temporary” jobs that may last a “YEAR” while paying the bill off over the Next “TEN” Years with money collected by raising taxes on a portion of tax payers.

    Why should someone who works hard and makes $20,000 more a year then someone else pay $4,000 more a year in income tax?.

  • chuckb

    jibbs,

    good video, unfortunately this is only a microscopic event in a sea of millions. could this be an insight to one of our biggest problems.

  • chuckb

    watch out for boehner when he takes these hard stands on issue’s. he has been known to fade on the 18th hole. it’s called a compromise shot.

  • SILVER FOX

    Ah, the rich, patriots all. They love this country so much that they don’t want to see the air fouled by their factories so they contract to have all their goods made in third world countries where the wages are so much higher than in the U.S. Look, this is a power struggle. If the Koch bros. and their kind win, then we’ll be back in the 60′s, the 1860′s. If you think it’s jealousy then so be it. It is life or death for the workers of the U.S. The rich don’t care if you have aroof over your head or a tv or a car. All they care about is their next investment and having a customer somewhere. As long as they have that it’s the old English phrase, “Screw you Jack. I’m all right.”

    • patty

      Silver Fox – It is not that they want to leave this country. It is the regulations the gov’t. has restricted them to is why they are leaving. Do you think that it is cheap to move your operation to another country? With the bribes and pay-offs that you have to do. Well, obviously it is cheaper than paying the corporate tax rate here and trying to comply with all of the gov’t. regulations, rules and laws and of course the bribes and pay-offs here to fund campaigns…and so here lies the problem and it is with our gov’t.

  • ONTIME

    There is nothing in that poorly written piece of garbage that is worth saving to talk about, Boehner must be losing his speaker’s mind and forgetting again that he best distance himself from the RINO’s who always want to shake hands with the Deemers…someone kick him in the pants and remind him who he works for.

  • http://ahalbert@smart-technology.net Allan

    All of these debates with socialists seem such a waste of time. They’ve chosen their barrel and can hope for the best when they go over the falls. There is nothing we can do for them.

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