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  Topic: Schumer: Deficit deal must raise
tax rates on high-income families
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Schumer: Deficit deal must raise
tax rates on high-income families

The Hill [Washington, DC], by Alexander Bolton

Original Article

Posted By:KarenJ1, 11/14/2012 1:31:28 PM

Sen. Charles Schumer (N.Y.), the Senate Democrats´ chief political strategist, on Wednesday rejected any possible deficit-reduction deal that does not raise tax rates on the wealthy. Republican leaders have expressed willingness to consider new revenues as part of a compromise to avert the fiscal cliff, but they have rejected raising income tax rates. Schumer said the government cannot raise the $1.5 trillion in new revenues President Obama has called for unless the top rate rises from 35 percent to 39.6 percent. He said Democrats would not accept any proposal that caps tax deductions for families earning below $250,000 a year.

Comments:
Don´t ever forget they won! Isn´t it odd you don´t see any of that bipartisanship the Democrats are always screaming about. s/o

      


Post Reply  

Reply 1 - Posted by: neenbean, 11/14/2012 1:34:44 PM     (No. 9014183)

This ought to go well in NY where most of the wealth is garnered

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Reply 2 - Posted by: disklxik, 11/14/2012 1:37:50 PM     (No. 9014188)

Yes! Do it!!! Republicans should just vote "present" and let the Dems run away with this issue!

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: Davids918, 11/14/2012 1:40:13 PM     (No. 9014195)

That´s fine. Let´s give them that deal.

They explained to the sheeple that raising this rate would fix the problems.

We know it won´t solve the problem, and let´s not get in their way of failure, again.

Believe it or not, they´re actually hoping the Republicans propose something else, and help them fix the actual revenue problem while they keep blaming Republicans for all the problems.


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Reply 4 - Posted by: jond, 11/14/2012 1:40:42 PM     (No. 9014197)

Its a power struggle that has little to do with taxes, revenue, debt, or anything else.

And Schumer knows his base.

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Reply 5 - Posted by: Safari Man, 11/14/2012 1:44:07 PM     (No. 9014208)

Those of you who think that letting the dims destroy the economy/nation would benefit conservatives in the long run by demonstrating how bad their policies are... are forgetting Detroit, Camden, LA, Chicago, Stockton, and on and on. Too few ever admit that the dims cause the problems, only that more taxes and more spending were needed to pull it off.


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Reply 6 - Posted by: NorthernDog, 11/14/2012 1:47:37 PM     (No. 9014215)

It never occurs to them that if the millions of people who are unemployed or underemployed were working full time that tax revenues would be pouring in, and government expenditures would fall.

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Reply 7 - Posted by: J F Ackerman, 11/14/2012 1:52:23 PM     (No. 9014220)

Give it to ´em... vote present. The ´wealthy´ don´t vote on our side anyway. Soak Warren Buffett until he´s a dry old leaf that blows away in the ill-wind to follow this betrayal of America.

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Reply 8 - Posted by: GOPinTN, 11/14/2012 1:59:56 PM     (No. 9014229)

Everyone forgets the bottom tier that got moved from a low rate to a zero rate. I would guess a lot of those people voted Dem.
Let it burn, let the whole ´Bush´ rate schedule expire. Let them own it all.


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Reply 9 - Posted by: curious1, 11/14/2012 1:59:59 PM     (No. 9014230)

As long as they define wealthy as high net worth and not based on income, let ´em. The ridiculously wealthy libtards (because they don´t mind cheating and lying and stealing to ´win´) wouldn´t stand for it as then it would affect them. Note they always mention ´income´ and equate a small business generating 750,000 a year as wealthy - though their costs might eat up 400k-600k of that revenue. Lets have these libtards actually craft the taxes so it hits them just as hard as everybody else. Hmmm?

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Reply 10 - Posted by: Cleanhousein2012, 11/14/2012 2:06:32 PM     (No. 9014244)

Shut the government down. It´s the only way to reduce the deficit.

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Reply 11 - Posted by: Namma, 11/14/2012 2:15:26 PM     (No. 9014261)

do you know why the rich hollywood actors will not be included in this tax hike for the rich...because they are all individual contractors and therefore will be exempt. Nice huh

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Reply 12 - Posted by: fcwiv, 11/14/2012 2:17:13 PM     (No. 9014263)

Remember when it was INDIVIDUALS making $250k? A short memory is going to surprise a lot of people....

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B-G1


 
Reply 13 - Posted by: suziesuburbanite, 11/14/2012 2:35:27 PM     (No. 9014300)

Let the tax cuts expire for everyone

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Reply 14 - Posted by: gobushcheneygo, 11/14/2012 2:43:20 PM     (No. 9014324)

Fine, upChuck, and after you RATS raise tax rates on high-income families to keep the US from going off the fiscal cliff --- and it doesn´t help, what´s next? I know, the government will be forced to confiscate all 401k´s. Don´t think it can´t happen. The ´revenue´ has to come from somewhere.

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Reply 15 - Posted by: whyyeseyec, 11/14/2012 2:58:37 PM     (No. 9014367)

I would be for a minor tax increase on the Big Rich only if a 20% income tax increase was also applied to all federal workers including congress, WH and SC. Otherwise, no deal. After all, if Congress can exempt itself from Obamacare it can tax itself at a higher rate.

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Reply 16 - Posted by: mickturn, 11/14/2012 5:00:29 PM     (No. 9014633)

Pony up first Schuboy!

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Reply 17 - Posted by: xcenturion, 11/14/2012 5:21:11 PM     (No. 9014672)

God I despised Democrats!

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R_DBL_B
  


 
Reply 18 - Posted by: oh-heck, 11/14/2012 5:34:33 PM     (No. 9014703)

Let all the deals to extend the Bush tax cuts expire. Go back to the Clinton tax rates. The extra Obama tax credits that pay those not paying income tax go away. The number of people with no skin in the game will go down. The AMT won´t need to be fixed for another year because regular taxes will increase. Let the sequestration go into effect and get written into the baseline. The Obamacare taxes on top of the Clinton tax rates will hurt. The Obama phones won´t make up for the new taxes.

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Reply 19 - Posted by: balogreene, 11/14/2012 6:47:57 PM     (No. 9014814)

I don´t know what´s up with everyone here. Sure increase the taxes on the rich, the Romney´s, the Bushes, Clint Eastwood, all those liberals. When that doesn´t work, they´ll raise my taxes. Companies won´t be able to stay in business, well lose our jobs and our houses, our retirements and our savings. Sure go ahead, lets cut off our noses to spite our faces.
How about putting up a fight, educating the country, whatever we can do to stop it?

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