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Comments about ‘White House seeks $1.6 trillion in higher taxes; GOP gives offer the cold shoulder’

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Published: Thursday, Nov. 29 2012 11:05 p.m. MST

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worf
Mcallen, TX

Get those rich people to pay more, and maybe ninety five percent of us can be exempt. The American dream is alive.

metamoracoug
metamora, IL

The administration and Congress are already set to increase taxes beginning in 2013 through the ACA.

Who pays: About 2.5 million households — individuals making more than $200,000 per year, couples $250,000.

#How much: A 0.9 percent Medicare tax on wages above those threshold amounts; an additional 3.8 percent tax on investment income. Should raise $318 billion over 10 years.

Who pays: The 28 million people who visit tanning booths and beds each year — most of them women under 30, according to the Journal of the American Academy of Dermatology.

#How much: A 10 percent tax on the price of tanning. Expected to raise $1.5 billion over 10 years.

Who pays: Insurance companies or businesses that provide plans with premiums of more than $10,200 per person or $27,500 per family, not including dental or vision coverage. Employees covered by these so-called "Cadillac" benefits probably will feel the pinch.

#How much: 40 percent excise tax on any amount of premium that exceeds the threshold. Expected to raise $111 billion over five years.

metamoracoug
metamora, IL

And there is more:

Who pays: People who set aside tax-free savings to pay for health care.

#How much: About $33 billion over 10 years

#The lowdown: The law limits annual contributions to medical Flexible Spending Accounts to $2,500; there was no government limit before. Many employers had allowed $5,000 in the accounts, and some even more.

Who pays: People with big medical or dental bills who itemize deductions.

#How much: Almost $19 billion over 10 years. Currently, taxpayers have to spend more than 7.5 percent of their adjusted gross income on medical care to qualify for a deduction. The threshold will rise to 10 percent. So a household with income of $50,000 would have to spend $5,000 on health care before deducting amounts above that.

Tekakaromatagi
Dammam, Saudi Arabia

We borrow a trillion a year. The Obama administration proposed cuts of $1.6 trillion spread over ten years. Umm, let's see $160 billion a year. Okey-dokey, that's a start. But can you make faster progress? The fiscal cliff is this year not next year.

Say No to BO
Mapleton, UT

These negotiations are complex and the numbers need to be run carefully. And constituents need to have time to mull over the possibilities and respond to their representatives.
Perhaps that is why the sequestration concept was approved in November of 2011. And Simpson-Bowles was TWO YEARS AGO. Big changes require real planning.
But our so-called "leaders" did not lead. They put this thing off to the last minute so they could win their elections without making the hard decisions.
My ten year old son is not allowed to procrastinate like that. Why are we tolerating that from our elected officials?
This will be another mess laden with unintended consequences. How could it possibly be anything else?

lost in DC
West Jordan, UT

“(BO) will support an unspecified amount of spending cuts”

Where is the outcry from libs over BO’s lack of specifics?

“(BO) asked for approval by year's end of …$25 billion to prevent a looming Jan. 1 cut in fees for doctors who treat Medicare patients”

So all the “savings” from medicare to pay for Obamacare was nothing but a LIE!

How can ANYONE say BO is serious about cutting spending when he’s asking for $30B MORE for jobless aid, $25B MORE for medicare, $50B MORE for another porkulus, undisclosed amount (over the $25B-$40B already in TARP) for homeowners – OVER $105 BILLION in NEW spending???

Metamoracoug,
“Who pays: …women under 30, according to the Journal of the American Academy of Dermatology.”
So really it’s BO and Obamacare that is waging war on women, despite the misinformation put out by the BO campaign

Mountanman
Hayden, ID

Imagine 100 million Americans refusing to pay Obama's tax increases! What can Obama do? Lock up 100 million people? Government by the people for the people and of the people, not just the 47% whose integrity and loyalty can be bought off with entitlements!

KDave
Moab, UT

The article omits Obamas demand that the debt ceiling be eliminated, leaving him free to borrow and spend as much as he pleases.

mohokat
Ogden, UT

@Mountainman Right on!
@KDave He really wants to be a Commissar!

Yea lets trust Obama to agree to future unspecified cuts later. Are you kidding me!

J-TX
Allen, TX

$1.6T in more taxes to spend on entitlements, in exchange for more empty promises about cutting spending?

That should have gotten more than a "cold shoulder". Call it what it is: A Pork Shoulder.

Time to legislate three more fiscal cliffs, set at the end of every quarter next year, until the President and Congress get serious about controlling and cutting spending of MY MONEY!!!

mohokat
Ogden, UT

I just had this explained to me and it makes perfect sense. Obama wants to go over the fiscal cliff. That way taxes are raised on everybody.The Military is cut, and the Dems would love both of those. Then he blames the Republicans for all of that. He comes back after he takes the oath(during which he keeps his fingers crossed behind his back) and calls for tax cuts for the middle class.You can not trust him no way no how in anything.

FT
salt lake city, UT

Republicans should hold firm on BO's commitment for $10 in cuts for every $1 raised in revenues. We need Bill Clinton back in office. That man got it right and got it done!

AgentP
Ft. Worth, TX

For everyone complaining about the government "taking your money": You wouldn't have it if the government hadn't invested heavily in your success. Every citizen of this country owes our government a debt much higher than can ever be repaid. Our government has kept you free and safe to conduct your business and live your life. Your food is way cheaper than it should be because of government policies, as are many of the necessities of life. Your education, in whole or in part, was provided by the government. It's time to quit complaining that the government expects a return on its investment. Our personal taxes are already among the lowest in the world. Want lower? Move to Algeria.

Tom in CA
Vallejo, CA

"You wouldn't have it if the government hadn't invested heavily in your success .... "

Does Solyndra ring anyone's bell?? Our "government" knows how to WASTE billions upon billions. Wake up.

AgentP - I hate to break the news to you, but "the (United States) government" is not the reason why this is the greatest nation on earth. And you say "our government has kept you safe and free ..." - well, tell that to the families of the four Americans murdered in Benghazi. And to add insult to injury, Barack Obama, Susan Rice, and etal shamelessly lied to the American public about it.

By the way AgentP, our food is "cheap" because the American farmer has figured out how to produce 140 bushels of wheat per acre, not because of "government policies". Get real.

Tom in CA
Vallejo, CA

This is the worst President in the history of the United States of America. Period.

Milt
South Jordan, UT

Tom, Study up a bit more ... the US GOVERNMENT HAS been behind the funding and promotion of public health initiatives, ggricultural research to increase crop yields etc etc

then we can also mention -- public schools, public roads, funding of infrastructure build outs -like electricity, natural gas lines, financial system guarantees, stable insurance for savings, etc etc, stable, enforced property laws, funding the creation of the internet, the interstate highway system .. NOt TO MENTION the defense of all of this ... so read up a bit more Tom from Vallejo

zoar63
Mesa, AZ

@ AgentP

"For everyone complaining about the government "taking your money": You wouldn't have it if the government hadn't invested heavily in your success. Every citizen of this country owes our government a debt much higher than can ever be repaid."

The only way government can spend money is through taxes. They produce nothing. And where did those taxes come from? Mostly from people that are employed. That means someone like a business paid them a wage. The truth of the matter is that businesses paid for those so called things you claim the government provides us. It is trickle down from profits to wages and finally to taxes. So those benefits you claim would not exist without the government… Think again. You owe free enterprise a debt higher than can ever be repaid.

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