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Have Republicans Finally Found
a Winning Fiscal Cliff Strategy?

New Republic, by Noam Scheiber

Original Article

Posted By:FlyRight, 12/14/2012 4:35:59 PM

The Times is reporting today that, if John Boehner and the White House can’t reach a deal on averting the fiscal cliff, the House GOP is considering passing a bill that would extend the middle-class Bush income tax cuts while enacting low tax rates (possibly even lower than the current rates) for unearned income like dividends, capital gains, and inheritances, and canceling the automatic defense cuts set to begin next year. Without knowing much more about it, this strikes me as a very savvy move for the GOP. The party’s big problem, as Jonathan Chait has written,

      


Post Reply  

Reply 1 - Posted by: John c, 12/14/2012 4:53:48 PM     (No. 9065958)

Mark levin suggested this last week.
Pass it and go home!


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Reply 2 - Posted by: TXknitter, 12/14/2012 4:59:38 PM     (No. 9065969)

I read this and hope it´s really true. Mark did recommend this exact strategy. Then go home and enjoy Christmas!!!

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R-G1
  
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Reply 3 - Posted by: tennman, 12/14/2012 5:03:15 PM     (No. 9065979)

Dividends and capital gains are not "unearned" income. The person has money at risk in both instances and can suffer losses.

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Reply 4 - Posted by: jfodoch, 12/14/2012 5:17:21 PM     (No. 9065993)

"Strategies" that pubbies have enough commitment to for it to become an actual reality? Hah! That´s the problem -- lack of commitment! I´m sick of most of these so-called representatives!

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Reply 5 - Posted by: Gale, 12/14/2012 5:27:02 PM     (No. 9066013)

Just pass it and let the WH find out what´s in it in the morning´s mass media.

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Reply 6 - Posted by: Mijcraw, 12/14/2012 5:44:48 PM     (No. 9066051)

Why is the Federal Government believes it has a right to re-tax items purchased with taxed dollars, such as your parents´ home, their farm and etc. Its the Same scam states use to re-tax used vehicles sold .....simply crazy, and it affects everyone and not the just the rich.

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Reply 7 - Posted by: LanieLou, 12/14/2012 6:13:03 PM     (No. 9066106)

Just pass an extension & go home. Nothing will be approved.

Doesn´t anyone in the MSM realize the lower cap of $250k is based on net worth, not income? Got a home & a car?

Obama is hoping his recent campaign blaming GOP for taxes going up on middle class will stick... Even though it is he that will tax all.

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Reply 8 - Posted by: civilservant, 12/14/2012 6:22:08 PM     (No. 9066124)

That´s kind sorta maybe hopefully the point, #7....I´m hoping. Pass the bill-which will not get past the Senate- and then go home. Hopefully, the ´people´ will learn just what you said is the truth......based on NET worth, not income.
The cold wet fish of Reality upside the head is sometimes the best teacher.

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Reply 9 - Posted by: msjena, 12/14/2012 6:26:09 PM     (No. 9066131)

I agree with this strategy. And #7--everything I have read says it´s $250,000 in income, not net worth.

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Reply 10 - Posted by: kono, 12/14/2012 8:57:28 PM     (No. 9066358)

The Times is daydreaming; something like this would never pass the Senate. So it´s not even worth thinking about, much less reporting as news.

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Reply 11 - Posted by: FlyRight, 12/15/2012 4:18:23 AM     (No. 9066753)

#9 is correct. It is income not net worth.

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Reply 12 - Posted by: ROLFnader, 12/15/2012 11:20:39 AM     (No. 9067374)

Sounds great to me. Just remember , this is from TNR (The Neutered Republic)

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