Showing posts with label fiscal cliff. Show all posts
Showing posts with label fiscal cliff. Show all posts

Wednesday, January 2, 2013

Republican Party Splitting?

 Behind the scenes it appears the Republican leadership could be splintering. Most see Boehner and McConnell's compromise as a sell-out? Or was it the only choice to drink out of the same cup as Obama, Reid and Pelosi? Read for yourself the cloakroom whisperings:

Hmmmmmm.... From The Guardian:
"House speakers typically don't even vote at all unless it is necessary to break a tie. So it may have been a clarifying moment when speaker of the House John Boehner and House majority leader Eric Cantor parted ways on the deal that ended the long national nightmare known as the fiscal cliff. Boehner voted for the bipartisan agreement negotiated between Vice-President Joe Biden and Senate Minority Leader Mitch McConnell; Cantor breathed the final moments of life into the opposition.

In fact, the House Republican leadership team split right down the middle on the legislation. House majority whip Kevin McCarthy voted against; House Republican conference chair Cathy McMorris Rodgers sided with Boehner and voted in favor.

House conservatives have increasingly chafed under Boehner's leadership. Four independent-minded fiscal conservatives – Justin Amash of Michigan, Tim Huelskamp of Kansas, Walter Jones of North Carolina, and David Schweikert of Arizona – were purged from their preferred committee assignments for their unpredictable voting behavior. Secret "scorecards" were allegedly used in making the decision, though this has been denied publicly. Conservatives helped defeat Boehner's "Plan B" compromise on the fiscal cliff before Christmas.

The problem is that House Republicans are stifled by a Democratic Senate and president. Many of them hail from safe, conservative districts. A critical mass were elected in 2010 with high hopes for cutting government spending. Boehner's efforts to work within these constraints have not endeared him to some restless Republicans.

Enter Eric Cantor. In closed-door meetings of the House Republican conference, he expressed his opposition to the Senate bill before Boehner had taken a stand. He expressed the sense of most Republicans that it raised taxes without getting any meaningful spending cuts in return, that it added to the deficit, and that it created the precedent that any cuts must be paired with tax hikes.

President Obama's team released a statement that morning suggesting they agreed with that last point, practically singing, "Ding-dong, Grover Norquist's dead."

Cantor had tried to establish himself as the right flank of the debt ceiling negotiations in the summer of 2011, famously irritating the president. But many conservatives regarded this as ambition talking more than principle. When the majority leader said out loud what most Republicans were thinking about the fiscal cliff bill, however, there was admiration.

As reports of the meeting leaked out, observers began to wonder if a Cantor coup against Boehner was brewing. Cantor's spokesman, Doug Heye, took to Twitter to quell the rumors:

"Majority Leader Cantor stands with @SpeakerBoehner. Speculation otherwise is silly, non-productive and untrue." Doug Heye

Six hours later, Boehner and Cantor took opposite positions in the roll call vote."

http://www.guardian.co.uk/commentisfree/2013/jan/02/eric-cantor-no-vote-fiscal-cliff

Taxes Going Up For 77% of Americans

 Taxes for most Americans will still go up this year despite declarations from President Obama and others touting Tuesday night's fiscal crisis deal as a victory for middle-class workers.

At the same time, tax relief that was included in the package comes at a cost -- contributing, along with new spending, nearly $4 trillion to the deficit over the next 10 years, adding to the nation's more than $16 trillion debt.

But there will be federal tax hikes in 2013. That's because the legislation pushed through the Senate and House on Jan. 1 does nothing to prevent a temporary cut in the Social Security payroll tax from expiring. That means, under the agreement brokered by the White House and Senate Republicans, 77 percent of American households will be forced to fork over higher federal taxes in 2013.

Households making between $40,000 and $50,000 will face an average tax increase of $579 in 2013, according to the Tax Policy Center's analysis. Households making between $50,000 and $75,000 will face an average tax increase of $822.

For most families, the increase will end there. But for top earners, taxes will get considerably higher this year.

The package passed by both chambers extends most the Bush-era tax rates for individuals making less than $400,000 and married couples making less than $450,000 -- but lets them lapse for income above those thresholds.

The new tax package would increase the top income tax rate from 35 percent to 39.6 percent. Investment taxes would also increase for people who fall in the new top tax bracket, from a rate of 15 percent to 20 percent.

High-income families will also pay higher taxes this year as part of Obama's 2010 health care law. As part of that law, a new 3.8 percent tax is being imposed on investment income for individuals making more than $200,000 a year and couples making more than $250,000.

Together, the new tax package and Obama's health care law will produce significant tax increases for many high-income families.

For 2013, households making between $500,000 and $1 million would get an average tax increase of $14,812, according to the Tax Policy Center analysis. Households making more than $1 million would get an average tax increase of $170,341.

"If you're rich, you're almost certain to get a big tax increase," Roberton Williams, a senior fellow at the Tax Policy Center.

Obama pushed hard to enact the payroll tax cut for 2011 and to extend it through 2012. But it was never fully embraced by either party, and this time around, there was general agreement to let it expire.

Social Security is financed by a 12.4 percent tax on wages up to $113,700, with employers paying half and workers paying the other half. Obama and Congress reduced the share paid by workers from 6.2 percent to 4.2 percent for 2011 and 2012, saving a typical family about $1,000 a year.

The deal passed Tuesday night only tees up a new round of congressional battles in a matter of weeks over the debt ceiling and automatic spending cuts that would largely hit the Pentagon -- the latter provision was delayed by two months as part of the deal. Democrats are likely to continue pushing for tax hikes as part of those debates, while Republicans are demanding spending cuts and entitlement reform.

Tuesday, January 1, 2013

On New Years Day Late In Night Congress Passes Fiscal Cliff Bill

Unbelievable and sickening! Congress has passed the Fiscal Cliff Deal! What is the difference between Republicans and Democrats??? None! New Congressman Dave Camp urged his fellow congressman to support the fiscal cliff deal! Deal What Deal? $41 in tax increases for every $1 in spending cuts! You call this a deal???

WASHINGTON (AP) - Legislation to block the "fiscal cliff" is headed to the White House for President Barack Obama's signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year. Final approval came in the House on New Year's Night. The vote was 257 to 167. The Senate passed the bill less than 24 hours earlier. The measure raises tax rates on incomes over $400,000 for individuals and $450,000 for couples, a victory for Obama. It also extends expiring unemployment benefits for the long-term jobless, prevents a cut in fees for doctors who treat Medicare patients and cancels a $900 pay increase due to lawmakers in March. Another provision is designed to prevent a spike in milk prices.

Friday, December 7, 2012

Rep. Justin Amash (R-MI): GOP leadership is out of step with America; not committed to re-election of Speaker Boehner

Rep. Justin Amash (R-MI), who was booted From the House Budget Committee, says that a solution to the fiscal cliff must be bipartisan and he is not sure if he supports the re-election of Speaker John Boehner to his leadership position. Rep. Amash heard of his release from the committee from news reports.

Rep. Amash says, “I would again push back on this idea that it is some kind of Tea Party versus moderate versus mainstream theme. People like me are out there are calling for reductions in Pentagon spending, calling for working with the Democrats. And actually if you look at the four people who were removed from the Committee, we’ve been the ones who’ve been willing to work with Democrats on a lot of these tough spending issues.”

When O’Brien asks if he thinks Speaker Boehner should be fired, Rep. Amash responds, “We’re going to see how the next few weeks go. And whether he’s willing to make amends. And put out that scorecard. Let the American people see what he based the decision on.”

Speaker Of The House John Boehner Is Negotiating With Himself

John Boehner is a complete idiot! He is negotiating with himself. The New York Times is reporting that Boehner is open to tax increases! He is quoted as saying maybe we can increase the tax rate for the top 2% from 35.6% to 37% as long as its less than 39% that Obama wants! He is also offering $800 Billion in "loopholes" aka legitimate deductions to be closed. One such "loophole" is the mortgage interest deduction. If this passes this will devastate the real estate industry and will cause losses in ten's of thousands of real estate related jobs and cause property values to continue to crash.

The Republican Party needs to let the Democrats pass thier massive tax hike. Don't vote just say present. Let the Democrats own this mess and the destruction of the economy. They will get their way regardless they way the cards are stacked, lets not give them the bonus of them being able to blame us for their destruction of the economy.

Wednesday, December 5, 2012

Congressman Justin Amash (R) Blast's GOP Leadership

Even though Congressman Justin Amash has yet to recieve official notification of his removal from his leadership poition on the House Committee on the budget, Justin admits that he has been removed.  This is what he wrote on his Facebook account on Tuesday December 4, 2012:


Justin Amash visits his home town of Ionia Michigan to
speak with his constituents.  In this picture Darlene Thompson
and Justin Amash.  Photo Credit: Kenneth Ration              
"Rumor has it that I’ve been removed from the House Committee on the Budget. Remarkably, I still have not received a single call, e-mail, or text from Republican leadership confirming this story. In fact, I wouldn’t even have learned about it if not for the news reports. I look forward to hearing from my party’s leadership about why my principled, conservative voting record offends them. That’s sure to be a lively and entertaining conversation.

In the meantime, I can only speculate as to what specifically would make Republican leadership punish several of its party’s most principled members. Rep. Tim Huelskamp, who was kicked off of both Budget and the Committee on Agriculture, voted with me against the 2013 House budget resolution because it does not sufficiently address the federal government’s debt crisis. That was one of only three times during this Congress that I voted against the Chairman’s recommendations in committee. In fact, I voted with the Republican Chairman more than 95% of the time, and I have voted with my party’s leadership more than three-quarters of the time on the House floor.

What message does leadership’s heavy-handedness send? It says that independent thinking won’t be tolerated, not even 5% of the time. It says that voting your conscience won’t be respected. It says that fulfilling your commitment to your constituents to work with both Republicans and Democrats to reduce our debt takes a back seat to the desires of corporate special interests. And, most troubling for our party, it says to the growing number of young believers in liberty that their views are not welcome here.

I’ll miss working with my colleagues on Budget. I don’t relish this situation, but if one thing is clear based on the response from the grassroots, it’s that leadership’s actions will backfire. If they think kicking me off of a committee will lead me to abandon my principles or stifle my bipartisan work toward a balanced budget, I have a message for them: You’re dead wrong."

Sarah Palin and Senator DeMitt Angry at House Leaders Boehner and Cantor

Palin and DeMitt are absolutely correct to criticize “Republican” leaders of the U.S. House of Representatives – who are currently purging fiscal conservatives from positions of influence within the party.

 “We send good conservatives to DC. to fulfill the promises they made to the electorate, and yet when they stay true to their word the permanent political class in their own party punishes them,” Palin told Breitbart. ”This won’t be forgotten come 2014.
Michigan's Congressman Justin Amash and several other constitutional conservative Republican's were removed from key committees for not supporting House Leadership with the increase in the debt ceiling.

 Good for Palin and DeMitt for speaking up! The GOP leadership deserves to be bashed for attacking its few fiscal conservative members – although Palin and DeMitt got this right, and in the process stumbled upon a larger theme: The tone deafness of the national GOP as it relates to its ongoing electability problem. At a time when “Republicans” need to be elevating the influence and stature of the few GOP elected officials who actually practice what the party preaches, U.S. Speaker John Boehner and “Majority” Leader Eric Cantor are instead doing everything they can to drown out these voices.

 Why? Because the new “Republican” party wants to tax and spend almost as much as Barack Obama and the Democrats …