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(NewsChannel 5 Nashville) NewsFlash Obama says fiscal cliff deal is "emerging." OK HOPE IS COMING OUT   (newschannel5.com) divider line 993
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4955 clicks; posted to Main » on 31 Dec 2012 at 2:28 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»


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2012-12-31 03:06:27 PM  

seventypercent: Yet you have a significant number of Americans how scream about how taxation is theft and that their taxes have never been higher. This is idiocy. This is drooling, mind-numbing, kiddy-diddling idiocy. And it's even worse when you consider that most of the "taxation is theft" people are the very first to scream about how we need to invade Insert Brown-Peopled Country Here and complain when their disability checks to cover their Rascal scooters don't show up on time.


What I perceive is that a lot of people think that nothing the government has ever done has benefited them, and thus the debt is not "theirs" to pay down. I make nowhere NEAR $250K with my wife tacked on, and yet I would have accepted a tax increase. Why? Because we do have an unsustainably high deficit, a very large debt, and need to pay for our wars and the tax cuts that we've all enjoyed over the last decade. Federal services haven't diminished; we're all still benefiting at the same or greater levels (even if services like the TSA seem like a real kick in the teeth).

If all the Bush-Obama tax cuts disappeared tomorrow, it would hurt but it was the sequestration that I'm fearing. I'd rather pay 4% higher taxes than have no job.
 
2012-12-31 03:06:31 PM  

Mrtraveler01: Wangiss: Mrtraveler01: Wangiss: They wrote some budgets, and yet we do not have a budget. Weird.

When the Democrat-led Senate keeps rejecting your budget plan, you compromise with them.You DON'T double down on stupidity.


When the Democrat-led Senate wants a budget, they'll get a budget. They do not want a budget.

So is that why the GOP led House sends them budget plans that are nothing more than partisan wankery instead of something serious?


Hmm, didn't Obama send the Senate a budget the last two years that they unanimously rejected?

I think they don't want one as it hinders their ability to spend.
 
2012-12-31 03:06:47 PM  

Wangiss: Pincy: Cataholic: Pincy: lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.

It's not a penalty. It's your civic duty. You are doing better than the vast majority of Americans. Stop whining.

Shut up and give 'til it hurts, citizen!

Oh noes, they want to raise taxes on the wealthiest Americans back to the same rate it was a few decades ago!!! Surely this will mean the end of civilized society as we know it.

But it would be if we cut spending back to those days, amirite?


Depends on if you cut back military spending, amirite?
 
2012-12-31 03:07:12 PM  

Stoj: GOP sources admitted there is an added benefit to the Senate's delay: taxes would already be up, so lawmakers could argue that they are voting for tax cuts, as opposed to tax increases.

Jebuz H. Christopher.


We are a nation taken hostage by these monsters.
 
2012-12-31 03:07:25 PM  

PanicMan: peterthx: incendi: david_gaithersburg: The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.

No. With an income of $250,000 per year you can afford something called a "car" or "subway tokens" and can commute from somewhere cheaper. Sorry, you're still wrong.

Yes. A crumbling infrastructure with less money to repair and you want to put more cars on the road.

Brilliant!

/"liberal thinking": an oxymoron if there ever was one

DC has a kick-ass metro system.


The left side of those escalators is a great place just to stand and take in the view.
 
2012-12-31 03:07:29 PM  

shower_in_my_socks: With Obama hitting the talk shows and all of the press over the weekend and today, if it fails to pass in the house, Boehner is done. The big story will be that Obama compromised and risked pissing off a lot of Dems, and the Republicans still wouldn't budge.


I think this is the same situation as before.  Obama has no faith in the House GOP to pass a bill, so he's willing to compromise.  If it passes, he takes a bit of heat from liberals but can claim a victory in forcing the GOP to accept a tax increase.  If it fails, he gets what he wanted in the first place and can blame the GOP for taking us off the cliff.
 
2012-12-31 03:07:44 PM  
img.youtube.com
 
2012-12-31 03:08:09 PM  

Saturn5: As usual, the definition of "rich" is "people who make more money than *I* do."

the top 2%. That's who we're talking about raising taxes on. It's pretty easy to see the top 2% of earners in the US as the "rich."
 
2012-12-31 03:08:38 PM  

Jake Steed: STOP spending so much and live within your means, its all very simple.


It takes years and years to stop a single aircraft engine the Bush and Obama militaries don't even want. Why would any of this be simple?
 
2012-12-31 03:08:40 PM  

lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.


Never, in the history of the internet, has this image been more appropriate:
i303.photobucket.com
 
2012-12-31 03:08:41 PM  
Obama offered a $400k threshold 2 weeks ago.

its $1.2 trillion in new revenue, excluding the payroll tax hike (another trillion) and estate tax hike, and the additional tax hikes that are part of Obamacare.
 
2012-12-31 03:09:04 PM  

The Evil That Lies In The Hearts Of Men: "The deal in the works would return tax rates on families making over $450,000 to 39.6 percent. The tax on estates worth more than $5 million would increase to 40 percent. Unemployment benefits would continue for one year."

What about dividends and capital gains? You know - the way wealthy folk derive their incomes and have been taxed at 15% for the last decade or so.


I haven't heard anything touching this, so I would assume that this is still slotted to go up to 20%.
 
2012-12-31 03:09:15 PM  
Is it bad I read that in Jon Stewart's voice?
 
2012-12-31 03:09:18 PM  

Marcus Aurelius: Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.

You should have said something BEFORE we started two land wars in Asia and simultaneously cut rich people's taxes.


Yeah!

Damn Fartbongo and his magic time machine for doing that to us!
 
2012-12-31 03:09:32 PM  

Kuroshin: marginal rates
//how do they work?


No kidding... I often wonder how people so stupid manage to make so much.
 
2012-12-31 03:09:52 PM  

djkutch: Wangiss: Pincy: Cataholic: Pincy: lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.

It's not a penalty. It's your civic duty. You are doing better than the vast majority of Americans. Stop whining.

Shut up and give 'til it hurts, citizen!

Oh noes, they want to raise taxes on the wealthiest Americans back to the same rate it was a few decades ago!!! Surely this will mean the end of civilized society as we know it.

But it would be if we cut spending back to those days, amirite?

Depends on if you cut back military spending, amirite?


That would necessarily occur. Let's do it!
 
2012-12-31 03:10:13 PM  

blackhalo: coeyagi: Waxing_Chewbacca: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

It's a good deal. 250k in NYC is a lot different than, say, Iowa.

/ Moderate D here

You know what's also different in Iowa vs. NYC? The salaries.

Deal with it.

[24.media.tumblr.com image 338x301]

/Iowan
//If I moved to Chicago, my salary would triple.


Yes but the taxes apply equally which is the whole farking point you dimwits.
 
2012-12-31 03:10:33 PM  

Nabb1: PanicMan: peterthx: incendi: david_gaithersburg: The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.

No. With an income of $250,000 per year you can afford something called a "car" or "subway tokens" and can commute from somewhere cheaper. Sorry, you're still wrong.

Yes. A crumbling infrastructure with less money to repair and you want to put more cars on the road.

Brilliant!

/"liberal thinking": an oxymoron if there ever was one

DC has a kick-ass metro system.

The left side of those escalators is a great place just to stand and take in the view.


NOOOOOOOOOO!!!!!!
 
2012-12-31 03:10:44 PM  

Uranus Is Huge!: Conservative thinking, by definition, rejects new ideas in faor of the status quo.

Basically, conservative thought is largely composed of fondly reminiscing about when gas cost a quarter and darkies knew their place.


Hang on, I'm not sure if this is correct or not, lemme quick check conservapedia. Hmm, not on there, I'm gonna have to check conservativefactcheck.com to find out what I think.
 
2012-12-31 03:10:58 PM  
Senate Minority Leader Mitch McConnell (R-Ky):

Yesterday, after days of inaction, I came to the floor and noted we needed to act, but that I needed a dance partner. So I reached out to the Vice President in an effort to get things done. I'm happy to report that the effort has been a successful one and as the President just said, we are very close to an agreement. We need to protect American families and job creators from this looming tax hike. Everyone agrees that action is necessary. And I can report that we've reached an agreement on the all the tax issues. We are very, very close. As the President just said, the most important piece, the piece that has to be done now, is preventing the tax hikes. He said: "for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow." He suggested that action on the sequester is something we can continue to work on in the coming months. So I agree, let's pass the tax relief portion now. Let's take what's been agreed to and get moving. The President wants this, members of Congress want to protect taxpayers, and we can get it done now. Let me be clear: We will continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting Americans from the tax hike that will take place in about 10 hours.
We can do this. We must do this.
 
2012-12-31 03:11:16 PM  
A Scene at the Fiscal Cliff
As imagined by Brantgoose

Obama: (boots Republican Member of Congress off of cliff)
Michelle Obama: (cheerfully) Buh-bye!

(Repeat as necessary)
 
2012-12-31 03:11:37 PM  

factoryconnection: If all the Bush-Obama tax cuts disappeared tomorrow, it would hurt but it was the sequestration that I'm fearing. I'd rather pay 4% higher taxes than have no job.


I'm with you. Let them all expire. If we're serious about cutting the year-to-year deficits in pursuit of paying down and eventually eliminating the national debt, it's the only reasonable approach, particularly if we want to avoid deep and harmful cuts to mandatory spending programs like Social Security and Medicare. Soaking the "rich" is politically popular, but it doesn't get us to where we need to be.
 
2012-12-31 03:11:43 PM  
Even if we don't know the details of the bill, if it can pass the House it means Obama caved. I really hope this is just last-minute posturing so neither side can say the other gave up.
 
2012-12-31 03:12:42 PM  

Mike_LowELL: shower_in_my_socks: This goes on of two ways:

1. Obama announces they have a deal, Dems complain that he's gone too far to compromise... and then the House GOP still votes against it. Obama wins. There's no way anyone can sanely argue that Obama didn't give enough.

2. This actually passes and the House GOP votes in favor of tax increases, and their supporters grab the pitchforks and fire up their "2nd Amendment Remedies" machine.

3. The President and the Congress do what is right for the country and replaces the tax code with a system of income credits, which reimburse job creators for every dollar that they make.  The Freedom Index raises to its highest point since the Reagan administration.  Taxbongo cries at the thought that his policies have benefited the country and immediately resigns.


4. Elections are changed from "every person gets a vote" to "each person gets as many votes as they have dollars". The free market becomes truly free.
 
2012-12-31 03:12:43 PM  
i1191.photobucket.com
"The Democrats will Fix This, Don't you all worry none
You'll have your cell phones and Your welfare checks but you ain't got no guns
Obammy's got yer back, Senate's gonna get er' done

Go back to your protesting, And watching CNN
Hillary's gonna be OK, Chocolate Jesus has Risen AGAIN!"
 
2012-12-31 03:12:56 PM  

dumbobruni: Obama offered a $400k threshold 2 weeks ago.

its $1.2 trillion in new revenue, excluding the payroll tax hike (another trillion) and estate tax hike, and the additional tax hikes that are part of Obamacare.


You can't just "take" offers with time to spare? You have to dick around and moan publicly about having to be back at work after Christmas so that your dumb-sh*t constituents think you're "fighting" for their rights. Meanwhile, the ratings agencies have already proven to us that we no longer have infinite wiggle room to threaten the world economy with partisan bickering.

But do they learn? And yes, by "they" I mean the House GOP because they're the ones that have so far absolutely, positively refused any compromise whatsoever. So do they learn? NO. They're hammering out some half-assed arrangement on New Year's F*cking Eve, and it is almost quitting time on the East Coast.

Pathetic.
 
2012-12-31 03:13:23 PM  

seventypercent: factoryconnection: If all the Bush-Obama tax cuts disappeared tomorrow, it would hurt but it was the sequestration that I'm fearing. I'd rather pay 4% higher taxes than have no job.

I'm with you. Let them all expire. If we're serious about cutting the year-to-year deficits in pursuit of paying down and eventually eliminating the national debt, it's the only reasonable approach, particularly if we want to avoid deep and harmful cuts to mandatory spending programs like Social Security and Medicare. Soaking the "rich" is politically popular, but it doesn't get us to where we need to be.


I prefer the plan where we stop conquering the world.
 
2012-12-31 03:14:22 PM  

Wangiss: I prefer the plan where we stop conquering the world.


We're not really conquering it, we're just occasionally blowing bits of it up. We might actually get a return on our bomb-dollars if we were conquering.
 
2012-12-31 03:14:30 PM  

demaL-demaL-yeH: ProfessorOhki: Yeah... I admit, I sort of want to see what would happen. A halving of the deficit triggered by partisan dickery and an inability to make compromises? That's some popcorn politics.

If only that didn't come with a supersize side of throwing-the-economy-back-into-the-shiatter, I'd join you.


Personally, I wouldn't be opposed to a brief buyer's market.

/Terrible person
 
2012-12-31 03:14:41 PM  
Thank god we're saving the budget from a cliff of a .95% cut.
 
2012-12-31 03:15:29 PM  

scubamage: The Evil That Lies In The Hearts Of Men: "The deal in the works would return tax rates on families making over $450,000 to 39.6 percent. The tax on estates worth more than $5 million would increase to 40 percent. Unemployment benefits would continue for one year."

What about dividends and capital gains? You know - the way wealthy folk derive their incomes and have been taxed at 15% for the last decade or so.

I haven't heard anything touching this, so I would assume that this is still slotted to go up to 20%.


Dems offer was a $250k household income threshold for 20% capital gains & dividend rate.
 
2012-12-31 03:15:34 PM  

factoryconnection: dumbobruni: Obama offered a $400k threshold 2 weeks ago.

its $1.2 trillion in new revenue, excluding the payroll tax hike (another trillion) and estate tax hike, and the additional tax hikes that are part of Obamacare.

You can't just "take" offers with time to spare? You have to dick around and moan publicly about having to be back at work after Christmas so that your dumb-sh*t constituents think you're "fighting" for their rights. Meanwhile, the ratings agencies have already proven to us that we no longer have infinite wiggle room to threaten the world economy with partisan bickering.

But do they learn? And yes, by "they" I mean the House GOP because they're the ones that have so far absolutely, positively refused any compromise whatsoever. So do they learn? NO. They're hammering out some half-assed arrangement on New Year's F*cking Eve, and it is almost quitting time on the East Coast.

Pathetic.


What they're learning is that they have...

cdn.head-fi.org

Because we keep giving it to them. More government!!! (Yes, it applies to Republicans, too!)
 
2012-12-31 03:15:45 PM  

Cataholic: Shut up and give 'til it hurts, citizen!


People gave their personal money to the government to use for war efforts in WW2, but you know, because 60 years later paying taxes is considered socialism instead of helping your nation, your joke is hilarious.
 
2012-12-31 03:16:17 PM  

lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.


Your first $250k will be taxed the same. It's only the income above $250k that gets the different rate. And one could argue you've benefited bigtime over the last 10 years from the cut so it's not asking too much to ask you to pay more since you benefited more.
 
2012-12-31 03:16:17 PM  
Dear America: Here are your new tax rates

Business Insider updating as details of the plan emerge
 
2012-12-31 03:16:32 PM  

ChipNASA: [i1191.photobucket.com image 275x200]
"The Democrats will Fix This, Don't you all worry none
You'll have your cell phones and Your welfare checks but you ain't got no guns
Obammy's got yer back, Senate's gonna get er' done

Go back to your protesting, And watching CNN
Hillary's gonna be OK, Chocolate Jesus has Risen AGAIN!"


lolwut
 
2012-12-31 03:16:56 PM  

incendi: Wangiss: I prefer the plan where we stop conquering the world.

We're not really conquering it, we're just occasionally blowing bits of it up. We might actually get a return on our bomb-dollars if we were conquering.


Just because it's not Teddy Roosevelt doing it doesn't mean we're not getting our Empire on. If a government doesn't do what we want, we blow it up. Sometimes we rebuild, sometimes we don't. So who pulls the strings? America.
 
2012-12-31 03:17:03 PM  

Uranus Is Huge!: Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.

Many responsible Americans would work some overtime or get another job to increase the household income.


Then what are the 47% doing wrong?
 
2012-12-31 03:17:22 PM  

Uranus Is Huge!: Prediction: Zero people will be pleased with the result.

I hope I'm wrong.


Just so long as the unemployment extensions are passed. Means another 20 weeks of $412 a week, as opposed to my new claim of $205 per week for 26 weeks (with four extensions available on that).

Oh, and also continuation of the federal contributions to Section 8 Housing subsidies, since I've found that my wife has been put at the front of the waiting list because of her disability.

Oh, and also the expanded federal subsidies for CalFresh.

/Thanks, Mr. Taxpayer.
 
2012-12-31 03:17:26 PM  

AngryPanda: Cataholic: Shut up and give 'til it hurts, citizen!

People gave their personal money to the government to use for war efforts in WW2, but you know, because 60 years later paying taxes is considered socialism instead of helping your nation, your joke is hilarious.


I think runaway spending by our own elected officials is a wee bit different that being at war with the Nazis and Imperial Japan.
 
2012-12-31 03:17:44 PM  

Somacandra: Jake Steed: STOP spending so much and live within your means, its all very simple.

It takes years and years to stop a single aircraft engine the Bush and Obama militaries don't even want. Why would any of this be simple?


When both parties cannot stop expenditures like this, further proof that Ike was right about the military-industrial complex.

When will folks admit that the only reason so much military spending exists is to enrich corporations and create boondoggle jobs, and has nothing to do with defending ourselves?
 
2012-12-31 03:18:15 PM  

Bontesla: Yesterday, after days of inaction, I came to the floor and noted we needed to act, but that I needed a dance partner.


How is a man that abjectly failed in every measurable way at his only task in the last four years still in a position of leadership? He stated his one job clear as day was "to make Obama a one-term president." Protect our country's credit rating? Nope. Iron out problems with domestic and foreign policies? Not on his watch! Learn to compromise so that everything isn't a knock-down, drag-out fight? That's for wine-drinking liberals. He had a job.

He failed, as I'm fairly certain we won't be installing any non-threatening white men in January to the Presidency. How does this man have any credibility left?
 
2012-12-31 03:18:29 PM  

PanicMan: Mike_LowELL: shower_in_my_socks: This goes on of two ways:

1. Obama announces they have a deal, Dems complain that he's gone too far to compromise... and then the House GOP still votes against it. Obama wins. There's no way anyone can sanely argue that Obama didn't give enough.

2. This actually passes and the House GOP votes in favor of tax increases, and their supporters grab the pitchforks and fire up their "2nd Amendment Remedies" machine.

3. The President and the Congress do what is right for the country and replaces the tax code with a system of income credits, which reimburse job creators for every dollar that they make.  The Freedom Index raises to its highest point since the Reagan administration.  Taxbongo cries at the thought that his policies have benefited the country and immediately resigns.

4. Elections are changed from "every person gets a vote" to "each person gets as many votes as they have dollars". The free market becomes truly free.


5. McDonald's thrives in this marketplace, since products are finally judged by product quality and not the amount of market share or advertising that the company has at their disposal.
 
2012-12-31 03:19:01 PM  

Nabb1: AngryPanda: Cataholic: Shut up and give 'til it hurts, citizen!

People gave their personal money to the government to use for war efforts in WW2, but you know, because 60 years later paying taxes is considered socialism instead of helping your nation, your joke is hilarious.

I think runaway spending by our own elected officials is a wee bit different that being at war with the Nazis and Imperial Japan.


Word.
 
2012-12-31 03:19:09 PM  

ProfessorOhki: demaL-demaL-yeH: ProfessorOhki: Yeah... I admit, I sort of want to see what would happen. A halving of the deficit triggered by partisan dickery and an inability to make compromises? That's some popcorn politics.

If only that didn't come with a supersize side of throwing-the-economy-back-into-the-shiatter, I'd join you.

Personally, I wouldn't be opposed to a brief buyer's market.

/Terrible person


Yes, you are.

/Boxers: Don't like to be that constricted.
 
2012-12-31 03:19:11 PM  

jaybeezey: Uranus Is Huge!: Jake Steed: Government should do what a responsible American would do in the same situation. STOP spending so much and live within your means, its all very simple.

Many responsible Americans would work some overtime or get another job to increase the household income.

Then what are the 47% doing wrong?


We're complacent with our corporate masters.
 
2012-12-31 03:19:11 PM  

NFA: ChuDogg: Personally I'm rooting for the fiscal cliff.

I'm rooting for the debt ceiling.

SHUT DOWN EVERYTHING!!!


Childish. I've got another idea: PAY FOR EVERYTHING! And if that means higher taxes to pay for all the military, benefits, and writeoffs, then it's time to pay up! Nothings is free, you bunch of freeloaders!
 
2012-12-31 03:19:26 PM  

coeyagi: shower_in_my_socks: david_gaithersburg: The cheapest house in MoCo is $350K, and that's for a tear down. So yeah, $250K is low.


And the cheapest house on Carbon Beach in Malibu is $10M. Won't somebody please think of the "lower middle-class" millionaires living on Carbon Beach? It's a stupid argument. $250k/year is a shiatload of money. I live better than most people I know, in an expensive city, and I make less than half that.

I am not entirely sure why we keep engaging this guy. His math is pretty indicative of the brainfarts of a mongoloid. Because your average mongoloid thinks that the DC region should be the litmus test for tax rates.


.
I love fark. Yeah my math sucks. I retired at 42, came out of retirement to lead the finical workings of an global company. They wanted me because my math sucks. LOL!
 
2012-12-31 03:19:34 PM  

king of vegas: lenfromak: sonnyboy11: Please do not set it at $400k and up. Stay at $250k. Thx

Yeah, penalize even moderately successful people like me.

Your first $250k will be taxed the same. It's only the income above $250k that gets the different rate. And one could argue you've benefited bigtime over the last 10 years from the cut so it's not asking too much to ask you to pay more since you benefited more.


What makes you think someone currently earning over $250k earned that much over that entire ten-year time frame?
 
2012-12-31 03:19:56 PM  
FOX News Republicans hope this fails and that everyone will blame Obama.
They would rather have Obama fail than Americans succeed.
 
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