The French now have a very hard nosed socialist president who raised taxes on
the rich. They are moving to Belgium and the UK. The richest Frenchman applied
for citizenship in Belgium. In England when they raised the tax on those
earning a million pounds a year from 40 to 50% the number of those earning that
much went from 16,000 to 6,000. When they lowered the rate from 50-45% the
number earning $1 million pounds went to 10,000. Rich people get around these
taxes and may take their companies elsewhere. It hurts the poor more than it
helps them to raise their taxes. But I would be ok if they just raised it on
entertainers and athletes.
BO wants us to go off the cliff, he sees that as the most likely path to a dem
house in 2014. He continues to prove he is the worst president in our history.
Boehner is calling Obama's bluff and giving him is symbolic concession, the
rich will be taxed more. Pres. Obama, are you happy now? Now, let's talk
about something substantial: means testing for social security and medicare,
raising the retirement age, eliminate the mortgage interest rate deduction.Your bluff has been called. It is time to get serious.
I give up on our Government It breaks my heart but this is how I feel right now.
I can not trust anyone. The only one that I could trust was Mitt Romney and a
few others like him who I felt really did want to improve our situation here in
this Country because he really did care. Not because of what he wanted but
because he wanted what was best for our Country. So now we all need to sit back
and see exactly what this people back in Washington are going to do. It does not
matter if they are Demo. or Rep. they are in it for themselves and now other
reasons. They have it made they have good pay and their health Insurance is so
much better than what they have pushed on us.
Tax rates for the so called wealthy (why is a single peron get 200,000 but a
marrierd couple only get a break at 250,000?) should rise to what they were
years ago. Then, if these same wealthy people want to pay less taxes, they can
just double their charitable contributions. Of course, Oboma wants to also limit
the pecentaga that they can deduct to a maximum of 28% for each dollar
contributed. Maybe taking that off of the table will be Republicans success.
I dont think Obams will even accept that. I think the
social security relief tax cut needs to expire so people realize that these
entitlement programs cost money. Then people should also have to pay a minimum
amount for other benefits like healthcare. The Democratic desire to force
everyone into some dependant position the goverment cant tbe sustained and isnt
good for people long term.
Obama should force Timothy Geithner, Al Sharpton, and all the other democrat tax
cheaters to divey up their back taxes - that would pay for at least 6 hours of
Obama spending. Every little bit adds up.
Boehner is being responsible. It's a step in the right direction. But, I
doubt that Obama will concede on cutting expenses. If I had voted for Obama I
would be feeling very guilty right now.
I do not, for a single moment, believe taxing those who make $1M+ will make a
difference. Think about it. If I were made that much money, I would have an
offshore tax haven to protect my money. Obama can raise taxes all he wants. I
would only move more of my money out of the country. And so, the tax burden will
fall upon the middle class once again.
It would appear the President holds all cards on this one. I suspect the tax
rates will be exactly what Obama wants. Entitlement will be cut but the
Republicans will get all the blame. Look for a lot of recriminations against the
Eric Cantor and the Tea Party. It will take years to recover from this.
Obama wants the fiscal cliff, and have Republicans take the blame for it.Name one decision he has done to improve it.