Obama knows that the GOP is not going to agree to a $1.6 million dollar tax increase. At least I don’t think the GOP will agree to it. But you never know when it comes to creatures without a backbone. They’re talking big right now, but will they cave when the media put pressure on them?
But if the GOP balks at the $1.6 million, will they accept, say half that? That will be Obama’s “compromise” that Republicans might agree to, but it’s probably what Obama believe he could get in the first place. This is the way it always works with Republicans. The Democrats propose and the Republicans compromise and the Democrats take credit. The Republicans are left on the outside looking in wondering what happened.
Republicans cannot compete with Democrats on giveaway programs. As Rush Limbaugh has said, you can’t compete with Santa Clause so don’t even try since you’re never going to get any credit for your compromise. You’re only going to tick off your base.
The GOP needs to offer tax cuts, spending cuts, and a roll back on regulations. No matter what the Republicans do, the media and the Democrats are going to blame them, so why not go for broke and try for everything. Let Obama take the credit for taxing people and destroying the economy.
Right now the stock market is down hundreds of points in anticipation of the coming fiscal cliff of higher taxes and spending cuts. There’s talk of investors taking their profits this year to avoid the higher taxes of 2013.
Already we’re hearing that the Republicans will be blamed if we go over the fiscal cliff. Warren Buffett is a perfect example:
“If 25 Republicans put country before party we won't go over the fiscal cliff,” he said during an interview with CNNMoney.”
Conservatives are putting country over party and politics by stopping the theft of billions of dollars from the nation’s job creators. Talk about the rich paying their “fair share” or Maxine Waters telling the rich to “ante up” don’t comport with the facts of who pays what:
So what do the facts tell us? First, the average tax payer in the top 0.1% of all earners (the group which includes the vast majority of millionaires and billionaires) pays a tax rate over four (4) times that of an average secretary. Second, the average tax payer in the top 0.1% of all earners pays as much in taxes as 444 secretaries (the income of these top 0.1% earners is about 102 times the income of the average secretary). Third, if one raised the tax rate paid by these 137,982 tax payers to 30% (as is being proposed in the so-called Buffet rule), it would take over 43 years of collecting this additional tax revenue to just equal the Federal budget deficit for one year, 2011. (We have a huge spending problem.)
Close to half of U.S. households currently do not pay any federal income tax. That’s about the same percentage of people who voted to reelect President Obama for four more years of revenue confiscation.
All the facts are out there. They’re easy to find, but it seems that Republicans either can’t read or are having trouble finding their backbone.