GOP Speaker Proposed Allowing Tax Rates on those Making $1 Million or More (UPDATE: Obama rejects Offer)
Republican Speaker of the House John Boehner has proposed allowing tax rates to rise for those individuals making $1 million or more. Of course this tax hike is conditional on President Obama agreeing to major entitlement cuts. This will likely go no where as any honest thing person knows that the revenues from tax increases on individuals making $250K as Obama wanted would only fund the government for 8 days, $1 million would probably fund the government for three.
$1 million dollars!!!
Speaker John Boehner has proposed allowing tax rates to rise for the wealthiest Americans if President Barack Obama agrees to major entitlement cuts, according to several sources close to the talks.
It is the first time Boehner has offered any boost in marginal tax rates for any income group, and it would represent a major concession for the Ohio Republican. Boehner suggested hiking the Bush-era tax rates for top wage earners, including those with annual incomes of $1 million or more annually, beginning Jan. 1, two sources said.
UPDATE I: Barack Obama rejects Speakers offer. Obama will not be happy until he gets it all his way. And he knows the wuss Boehner will cave.
President Barack Obama is not ready to accept a new offer from the Republican leader of the U.S. the House of Representatives to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late Saturday.
Obama Signs $40 “Pizza” Payroll Tax Cut Extension for Americans, Then Jets Off for $4 Million Hawaii Vacation
Nothing more than Obama political game playing at the expense of We the People …
CLASS WARFARE … Maybe Americans should take a good look at what their President is doing, rather than the class warfare rhetoric he is spewing. We the People are told to sacrifice and do without … What is Obama and the First family sacrificing?
Really Mr. President, you dare call a two month, $40 payroll tax cut extension a political victory? Oh but wait, we can buy a pizza with that money. Gee Barack, how big of you! Two can play at class warfare President Obama … most Americans cannot afford any vacation, yet the most out of touch President in modern times sets the example and vacations la vita loca while Americans struggle.
President Barack Obama signed the two month payroll tax cut extension today. Earlier in the day Congress passed the tax bill, H.R. 3765. Pundits are calling this a political victory for Democrats and Obama, why? Obama originally asked for a one year extension, exactly what the republican controlled House had passed. Forget the fact that the money being cut is used to fund social security, the tax cut is only for two months. Big deal. What is a two month tax cut other than a complete and total waste of time.
President Barack Obama signed a two-month extension of the payroll tax cut Friday, ending what had been a heated political stalemate and sealing a hard-fought win for Democrats on an issue — taxes — that has historically favored the GOP.
Earlier in the day, the measure cleared the Democratic-controlled Senate and the Republican-controlled House of Representatives by unanimous consent, a procedural move allowing the measure to pass even though most members of Congress were already home home for the holidays.
But wait, our dear leader Barack Obama signs a bill into law that will give “We the People” a meager $40, yet King Obama following the signing vets off to Hawaii on a $4 million vacation. Are you serious. Obama provides Americans with crumbs while he vacations in the lap of luxury.
Michelle Obama insisted on a pricey holiday to Hawaii when her husband would have rather gone to a presidential retreat, according to reports.
She allegedly wanted the taxpayer-funded $4million trip when Barack Obama sought instead to make the short trip to Camp David in Maryland.
Political sources told the National Enquirer that the 47-year-old’s spending is rocketing and she even went on a shopping spree before the Hawaii trip.
Every think that maybe the Congress is dysfunctional because President Obama is? Just curious, I thought Democrats were all about social security? Why is it that they think the money that goes to pay for social security is OK to cut? How does the program fund itself if this continues?
The payroll tax cut is not a Democrat or Obama victory, it just shows the GOP, namely House Speaker Boehner’s failure to communicate. A two month extension to anything is nothing more than a waste of time. This was nothing more than political grandstanding and We the People were screwed again.
But wait America, while all this nonsense was going on in Washington, DC … the US Debts is now at $14.8 trillion in FY11 ... MERRY CHRISTMAS!!!
New Obama Political Tone … Minority Democrat Leader Nancy Pelosi Says GOP Speaker Boehner Went to the Dark Side
This must be more of that new tone in Washington DC that Barack Obama has been talking about.
In yet another example of that Obama new tone “Inside the Beltway,” House Democrat Minority leader Nancy Pelosi states that GOP House Speaker John Boehner has gone to the “Dark Side”. Such comments will do wonders for getting an agreement in the debt ceiling debate.Rather interesting comments coming from the Sith Lord or is it the Wicked Witch of the West, Pelosi. Once again the Democrats bring out their old tired playbook, when losing the debate and being forced to give up liberal principles like raising taxes, hurl personal insults instead.
Right before the House voted to reject a Democratic debt-ceiling plan, Minority Leader Nancy Pelosi didn’t mince words.
Pelosi pulled out a Star Wars reference on the House floor, saying that Speaker John Boehner “chose to go to the dark side” and court the most conservative members of his conference, rather than work on a bipartisan compromise.
“It’s time for us to end this theater of the absurd,” she said. “It’s time for us to get real.”
Obamanomics: Its All About the Politics, Not the Economy … Geithner Says Debt Deal Must Remove Default Threat Through 2012 Election
THE DEMOCRATS ARE NOW THE “PARTY OF NO” …
If Democrats & Republicans cannot come to an agreement on a debt limit solution, let WE THE PEOPLE decide in the 2012 elections.
When it comes to the debt limit debate, the Obama administration seems to care more about the politics of the issue than the effects of it on the economy of the United States. One would think that all options should be on the table. If the two sides cannot come to an agreement, then a short term deal should be put in place and then let the 2012 elections be the decider and “WE THE PEOPLE” will vote as to what we want as a solution. However, this is not the case with the partisan Treasury Secretary Timothy Geithner, as he only wants the “take default off the table for the next 18 months … through the election.”
Treasury Secretary Tim Geithner showed little enthusiasm for a two-tiered debt-limit vote being discussed in Congress Sunday, saying it “makes no sense” to leave the threat of default hanging until the next election.
Speaking on Fox News Sunday, Geithner reinforced President Obama’s position that any proposal from Congress needs to “take default off the table for the next 18 months … through the election.”
What is Geithner and President Barack Obama afraid of? Seriously, if Congress cannot come to a deal and the President refuses to show any leadership, as he has basically been taken out of the mix in the talks,then pass a short term deal and let the 2012 elections and the voice of the American voters be the determination as to how debt reduction should occur. Elections are supposed to have consequences. Let that be one of them of the 2012 elections. GOP Speaker of the House stated this morning on Fox News Sunday that the House would be releasing a new plan. However, the Democrats and Obama seem to be showing a lack of leadership and appear to be the “Party of No.”
More Obama paritan talk came from Geithner on ABC News ‘This Week with Christiane Amanpour.’ One would think that Geithner’s concern would be the economy, not being Obama’s parrot. Why is it a test for Republican leaders in Congress, I thought the buck was supposed to stop with the President?
On ABC News’ This Week with Christiane Amanpour, Geithner added that “this is a critical test for the American political system. It’s a critical test for Congress and for the Republican leaders in Congress, because the eyes of the world are on us.”
EVER WONDER WHY SO MANY SAY … GET RID OF THEM ALL ?
Are you serious … after all the comments that President Barack Obama has golfed 60+ times while the economy stinks, while unemployment has been at 9%, while people are out of work, losing their homes and businesses … GOP Speaker of the House Boehner will accept a golfing invite?
UNREAL … A GOLF SUMMIT??? It is obvious that both Obama and Boehner need to be retired in 2012 and a fresh start for America is needed. How could Boehner allow himself to fall for such an obvious trap by Obama? This really shows just how out of touch all of the establishment politicians really are, Dem or GOP. Does Baohner not comprehend that going golfing while supposedly doing the work opf the American people is no badge oh honor? The United Sates has real issues so the leaders of the two parties will discuss them over golf. That’s the ticket … Let’s go Golfing.
President Barack Obama and House Speaker John Boehner (R-Ohio) will finally hit the links for a round of golf – and al fresco negotiation – on June 18, a White House official told POLITICO.
Obama’s offer — and Boehner’s acceptance — comes six months after White House press secretary Robert Gibbs suggested the bipartisan pair could work out their differences on the course. Both men are passionate golfers; Obama prefers to hit public courses with a handful of friends and White House staffers while Boehner favors private courses, golf fundraisers and schmoozing sessions with other pols.
Word of the golf summit also came on a day when Boehner blasted the president for failing to get more directly involved in tense bipartisan talks over the budget and debt ceiling.
A note to the GOP … get a new Speaker in 2012 otherwise you will lose. Does the tool Boeghner realize he hs just legitmized Obama’s golfing instead of doing the work of the people? Thanks crybaby. Americans are sick and tired of this inside the Beltway BS. What will come of the Golf Summit? Will Obama call multiple Mulligans … will Boehner cry when he does.
We have serious issues in this country and it calls for serious people to take them seriously. This is not it.
This morning on ABC’s “This Week”Treasury Secretary Timothy Geithner says he is certain that Congress will raise the debt ceiling. Geithner stated that Republicans have said that the GOP said this to the president on Wednesday … ”I sat there with them, and they said, we recognize we have to do this. And we’re not going to play around with it.”
Treasury Secretary Timothy Geithner says he is certain that Congress will raise the debt ceiling, saying leaders are “not going to play around with it” and risk the “catastrophic” consequences of defaulting on the nation’s debt obligations.
“I want to make it perfectly clear that Congress will raise the debt ceiling,” Geithner said in an interview with ABC News “This Week” anchor Christiane Amanpour. When asked if he was sure, Geithner responded, “absolutely,” adding that Congressional leaders made clear they understood the importance of the matter when meeting with President Barack Obama at the White House last Wednesday.
Budget deal made, government shut down averted …
GOP House Speaker John Boehner has done what previous Democrat controlled House Speaker Pelosi, Democrat Senate Majority Leader and Democrat President Barack Obama could not do last year. Boehner managed to get a budget passed in spite of Democrats. Sadly, Democrats last year thought it not in their interest to pass a budget when they controlled both the House Senate and Presidency. As the Politico reports:
After a long day of trading offers, the White House and House Republicans reached agreement Friday night on a budget framework that would cap 2011 appropriations near or below $1.050 trillion while cutting domestic and foreign aid by more than $40 billion from the rate of spending at the beginning of this Congress.
Behind the closed doors of special meeting of the Republican Conference, Speaker John Boehner presented the package to his party as at least an agreement in principle and said at one point: “We have a deal.” The Senate should now feel confident enough to move ahead with a stop gap spending bill to avert—or at least shorten—any shutdown beginning at midnight.
Initially Reed and Democrats did not want $1 dollar of any spending cuts. In the end they wound up with a deal to cut about $38 billion in federal spending. In the end it appears that the Tea Party was victorious in the end. However, there needs to be serious action to take on the national debt. It would appear that Harry Reed and Barack Obama were handed their hat this evening. Now wait until the debt ceiling vote.
The only great news of the night for Barack Obama is … he gets to go on yet another vacation now.
Speaker of the House John Boehner Sends Letter to Obama on Military Action in Libya … What’s the Mission?
Speaker of the House John Boehner (R-OH), in the wake of the United States Launching cruise missiles and taking military action against Libya, has sent a letter to President Barack Obama requesting answers as to what the mission is and what America’s role is in achieving that mission. Since the first cruise missiles werelaunched, the muddled and mixed message from Obama and his minions has been beyond confusing. Obama has stated that Khaddafi should step down, yet others in his Admin have stated they are not targeting Khadaffi and a scenario could occur where he remains in power after all is said and done. What?
I respect your authority as Commander-in-Chief and support our troops as they carry out their mission. But I and many other members of the House of Representatives are troubled that U.S. military resources were committed to war without clearly defining for the American people, the Congress, and our troops what the mission in Libya is and what America’s role is in achieving that mission. In fact, the limited, sometimes contradictory, case made to the American people by members of your Administration has left some fundamental questions about our engagement unanswered. At the same time, by contrast, it appears your Administration has consulted extensively on these same matters with foreign entities such as the United Nations and the Arab League.
It is my hope that you will provide the American people and Congress a clear and robust assessment of the scope, objective, and purpose of our mission in Libya and how it will be achieved. Here are some of the questions I believe must be answered:
The MSM thinks this the governments job to tell the people what to think, not listen to “We the People”.
Imagine this, on this mornings “Meet the Press” GOP House Speaker John Boehner stated that people have the right to believe what they want when it comes to President Barack Obama whether its correct or incorrect. David Gregory pressed Speaker Boehner during the interview asking him whether it is his repsonsibility to “stand up to that kind of ignorance,”and do the bidding of the President. One would think that the MSM had that job well in hand. Boehner responded, “It’s not my job to tell the American people what to think. Our job in Washington is to listen to the American people.”
The GOP controlled House is set to go forward with the repeal of Obamacare. The process will resume following its postponement this week due to the Arizona mass killings at the hands of Jared Loughner that left six dead and US Rep. Gabby Giffords (AZ-D) critically injured. However, the process will begin next week by the GOP controlled House to fulfill their campaign promise to repeal Obamacare, that Democrats passed against the will of the people.
The U.S. House of Representatives will resume action next week on repealing President Barack Obama’s landmark healthcare overhaul, a House Republican spokesman said on Thursday.
The House had been expected to act this week on the repeal bill, but the vote was postponed after a shooting spree in Arizona killed six people and critically wounded U.S. Representative Gabrielle Giffords.
“As the White House noted, it is important for Congress to get back to work, and to that end we will resume thoughtful consideration of the health care bill next week,” said Brad Dayspring, a spokesman for House Majority Leader Eric Cantor.