Comment #4

MADDOG10 — Wed, 18 Jul 2012 21:44:04 GMT

Hypocrites...!

Comment #3

Coin Toss — Wed, 18 Jul 2012 20:24:00 GMT

<br />I guess you forgot all about those two years when seniors and the disabled got no COLA at all - just to fund a medical prOgram for congress. But I guess The Daily Worker or Pravda has told you that there are no wealthy people in obama's congress. <br

Comment #2

sully16 — Wed, 18 Jul 2012 15:27:12 GMT

Ineptocracy.

Comment #1

scorpio — Wed, 18 Jul 2012 15:13:43 GMT

untrue,they just want the tax breaks for the wealthy to run out,and the breaks for 250,000 and below to stay,but the republicans are against this,as it would help Obama.

Original Blog Entry: Democrats Threaten Taxmageddon for All

Coin Toss — Wed, 18 Jul 2012 15:05:09 GMT

A year ago, President Barack Obama called Republicans hostage takers for staying true to their mandate and refusing to agree to tax hikes as part of the debt ceiling deal. Now, the Washington Post reports that Democrats are explicitly threatening to allow nearly $600 billion worth of tax hikes and spending cuts otherwise known as Taxmageddon in January unless Republicans agree to raise taxes on the highest earners. It s the clearest sign of which party is, in fact, the most extreme and the most willing to put party ahead of country.

Taxmageddon marks the expiration date of the Bush tax cuts, as well as the end of the payroll tax holiday. It is so dramatic that it risks plunging the economy definitively back into deep recession. Democrats, including the president, have campaigned against the Bush tax cuts for more than a decade, but have never had the political will not even with full control of both houses of Congress and the White House to repeal them. They settled for letting the tax cuts expire for the rich alone, but could not agree on the definition of rich, with President Obama targeting households earning more than $250,000, and Senate Democrats pushing for $1 million.

Now, with the presidential election looming, and President Obama insisting on his $250,000 definition, Senate Democrats have relented though not to the extent of allowing an actual vote on the proposal. The proposal would not raise anywhere near enough money to cover the budget deficit in a single year. And though the president once warned against raising taxes on anyone during economic hard times, he is using his class warfare tactics to propel his lackluster campaign.

http://visiontoamerica.com/10979/democrats-threaten-taxmageddon-for-all/

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