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tomder55 · Dec 10, 2012, 07:54 AM

The Repubics in Congress also won their elections.

speechlesstx · Dec 10, 2012, 07:58 AM

Originally Posted by excon

Hello again, tom:

There are SOME in your party who realize that they LOST the election.. Then there are SOME, you for instance, who don't. The ones who realize it, are trying to salvage the election of 2014, where the balance of the Tea Partiers are BOUND to be swept out of office IF they don't start GOVERNING.

I'm not sure sure which position I like better.

Excon

And there are SOME who still lie to the American people with words like "balanced approach" then put all the blame on Republicans for refusing to compromise on their take it or leave it offer.

Some may even be willing to make American taxpayers think their taxes aren't going up even if they do by simply publishing the withholding tables to reflect whatever they want.

The White House has the power to temporarily protect taxpayers from middle-class tax hikes even as upper income rates rise if Congress does nothing and all of the Bush-era tax rates expire in January.

Experts and lawmakers alike agree that Treasury Secretary Timothy Geithner has the power to adjust how much is withheld from paychecks for tax purposes — for all taxpayers or just for some.

By doing so, Geithner could ensure paychecks reflect the White House position that wealthier taxpayers with annual income higher than $250,000 see their taxes rise. Geithner at the same time could leave withholding tables where they are for the middle class, ensuring those workers don’t see a higher cut from their paychecks.

“If we were to, say, go over the cliff and the rates go up, he could modify those withholding tables such that the average employee out there would not effectively see any more or less taken out of his paycheck,” said Bill Hoagland, senior vice president at the Bipartisan Policy Center.

...

Experts believe Geithner could even go so far as to adjust withholding to reflect the White House’s preferred policy — higher rates on the nation’s top 2 percent of earners and lower rates on everyone else. In fact, Minarek said the president could even use withholding as leverage in negotiations with Republicans if it came to that, using the tables to argue he is protecting the paychecks of the middle class.

Oops, sorry you didn't withhold enough buddy. Really? This is an option being considered?

excon · Dec 10, 2012, 08:17 AM

Hello again, Steve:

Relax... You get all caught in the noise. Bonehead and Obama are meeting today.. They'll come up with an agreement that includes compromise on BOTH sides. My guess is that tax rates will go up to 37% on the richest of the rich, and capital gains taxes will go up to at least 25%. I'm hoping about the last one...

And, yes, there'll be TRILLIONS in cuts. Obama MIGHT even raise the Medicare eligibility age... He AIN'T no liberal, and he DOESN'T need his base any more.

excon

speechlesstx · Dec 10, 2012, 08:21 AM

Originally Posted by excon

Hello again, Steve:

Relax... You get all caught in the noise. Bonehead and Obama are meeting today.. They'll come up with an agreement that includes compromise on BOTH sides. My guess is that tax rates will go up to 37% on the richest of the rich, and capital gains taxes will go up to at least 25%. I'm hoping about the last one...

And, yes, there'll be TRILLIONS in cuts. Obama MIGHT even raise the Medicare eligibility age... He AIN'T no liberal, and he DOESN'T need his base any more.

excon

I wasn't caught in any noise, I'm just dumbfounded that anyone believes Obama and his Orwellian words and that anyone might seriously even consider that last trick as an option. Are the American people so irrelevant that they would consider gambling with our finances? Never mind, this is Obama after all...

excon · Dec 10, 2012, 08:25 AM

Hello again, Steve:

Are the American people so irrelevant that they would consider gambling with our finances? Never mind, this is Obama after all...

This, from a guy who's party HELD the American people hostage to the debt ceiling last year, costing us BILLIONS...

And, you're about to DO IT AGAIN if you don't get your way! Man, oh man...

Excon

tomder55 · Dec 10, 2012, 10:25 AM

About being held hostage nonsense :
Bob Woodward: 'Gaps' in Obama's Leadership Contributed to Debt Deal Collapse - ABC News

tomder55 · Dec 10, 2012, 10:26 AM

I got an idea.. let's raise revenue by eliminating the state and local tax deduction. (a collective howling of protest by the libs who over-tax at the state level begins now )

paraclete · Dec 10, 2012, 01:58 PM

Yes eliminate all deductions a great start to reform

tomder55 · Dec 12, 2012, 06:42 AM

Brace yourself speechless. The locust are coming .
Californians Leave For Better Lives In Texas, Oregon And Arizona - Investors.com

speechlesstx · Dec 12, 2012, 07:44 AM

Originally Posted by tomder55

Brace yourself speechless. The locust are coming .
Californians Leave For Better Lives In Texas, Oregon And Arizona - Investors.com

Hopefully one of them will open a California Pizza Kitchen here.

paraclete · Dec 13, 2012, 02:27 AM

So taxing the rich in California is popular then, here's a Texas growth opportunity drop all state taxes

tomder55 · Dec 13, 2012, 07:19 AM

Texas already does well with lower taxes . You will notice that when people vote with their feet ;they move out of over taxed 'blue states' . But the problem is ;they take their politics with them.

speechlesstx · Dec 13, 2012, 07:36 AM

Originally Posted by paraclete

so taxing the rich in California is popular then, here's a Texas growth opportunity drop all state taxes

We don't have a state income tax, though we could certainly rein in property taxes.

excon · Dec 13, 2012, 08:35 AM

Hello clete:

so taxing the rich in California is popular then,

Nahhh... The reason California is broke is because of proposition 13. That effectively ended their ability to finance their operations, and they've been going broke ever since...

At one time, their university's were the best in the nation, and FREE to any California resident... Not any more.

Excon

tomder55 · Dec 13, 2012, 11:23 AM

So that's why people are leaving the state?. not that they are taxed to death ;and now Guv Moonbeam has an absolute majority in the legislature to work with to raise taxes even more ?
California is the canary in the coal mine for the dream Obama has for the country . Every program that the Adm embraces... cap and trade, massive taxes on the rich, high-speed rail ,is either in place or on the drawing boards.

speechlesstx · Dec 13, 2012, 11:51 AM

San Bernadino is so bad off the city attorney told residents to lock and load and be ready to protect yourself.

paraclete · Dec 13, 2012, 02:50 PM

It is well known the greenies will destroy you, we are hearing the howls here as green programs are wound back in the face of fiscal reality, but if your taxation is uniform you don't get the migration problem for reason of taxation

excon · Dec 20, 2012, 09:29 PM

Hello again,

Over, we go... Weeeeeehooooooiiiiiii...

Boehner failed to herd his caucus. I'm sure it's Obama's fault..

excon

paraclete · Dec 20, 2012, 09:40 PM

I heard some of the dems were against it as well, what good is leaders talking if you can't keep the troops in line.

I think it will be an interesting ride, so much for brinkmanship

tomder55 · Dec 21, 2012, 03:17 AM

Good for the Republic caucus . Bonehead dusts off a Pelosi proposal and thinks his ducks will fall in line . Isn't happening .