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04:41 PM on 11/19/2010
Please, please don't cave on this, Mr. Obama. Please.
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HUFFPOST SUPER USER
take10
04:36 PM on 11/19/2010
Democrats should not cave in to republicans on this issue. If that means that taxes will be raised on everyone, so be it. It will be republicans fault and democrats should let it be known loud and clear who is at fault: "Republicans sank the middle class in an effort to force democrats to spend $700 billion on tax relief for their wealthy friends." They did the same thing yesterday when they blocked the extension of unemployment insurance benefits for layed off workers who are both democratic and republican. If Obama punks out this time, he is toast come 2012...
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35thsAman
You'll shoot your eye out, kid
04:45 PM on 11/19/2010
absolutely! I would rather have my taxes go up than cave to this Republican garbage!

return to the tax rate on all americans...... >
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HUFFPOST SUPER USER
take10
07:57 PM on 11/19/2010
I like the way you think!!!
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latia65
Geopolitical partitioning can be a reality!
04:33 PM on 11/19/2010
Millionaries to Obama: Tax Us

Anti-tax activists everywhere have been loudly arguing for an extension of George W. Bush-era tax cuts for the wealthiest Americans in the United States. Now a group of millionaires is arguing the opposite.

More than 40 of the nation's millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports.
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seegray
Nobody can bring you peace but yourself (Emerson)
04:54 PM on 11/19/2010
LOL! I am actually not surprised in the least. There is many a millionaire who sees this as the responsible thing. These same people understand (really understand) how they've made their money. Then, well, there are the others.
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Bassplayer27
There's A Riot Goin On...
04:30 PM on 11/19/2010
The GOP said the same thing in 1993 when the Democrats raised taxes to combat the deficit:

Rep. Dick Armey (R-TX), CNN, 8/2/93:

"Clearly this is a job kiler in the short run. The revenues forecast for this budget will not materialize; the costs of this budget will be greater than what is forecast. The deficit will be worse, and it is not a good omen for the American economy."

Rep. Joel Hefley (R-CO), 8/4/93:

...It will raise your taxes, increase the deficit, and kil over one million jobs.

Rep. Christopher Cox (R-CA), 5/27/93:

This is really the Dr. Kevorkian plan for our economy.

Rep. Thomas Ewing (R-IL), 8/5/93:

...This bill is a disaster waiting to happen.

Rep. Jim Ramstad (R-MN), 3/17/93:

...will stifle economic growth, destroy jobs, reduce revenues, and increase the deficit.

Rep. Phil Crane (R-IL), 3/18/93:

...a recipe for economic and fiscal disaster.

What actually occurred? The greatest economic expansion in American history and 23M jobs created during the Clinton administration.

They were fear-mongering and wrong then. They are fear-mongering and wrong now....
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Bassplayer27
There's A Riot Goin On...
04:36 PM on 11/19/2010
Apologies for the double post. Thought the previous comment was removed. :p
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Bassplayer27
There's A Riot Goin On...
04:27 PM on 11/19/2010
The GOP said the same thing in 1993 when the Democrats raised taxes to combat the deficit:

Rep. Dick Armey (R-TX), CNN, 8/2/93:

"Clearly this is a job killer in the short run. The revenues forecast for this budget will not materialize; the costs of this budget will be greater than what is forecast. The deficit will be worse, and it is not a good omen for the American economy."

Rep. Joel Hefley (R-CO), 8/4/93:

...It will raise your taxes, increase the deficit, and kill over one million jobs.

Rep. Christopher Cox (R-CA), 5/27/93:

This is really the Dr. Kevorkian plan for our economy.

Rep. Thomas Ewing (R-IL), 8/5/93:

...This bill is a disaster waiting to happen.

Rep. Jim Ramstad (R-MN), 3/17/93:

...will stifle economic growth, destroy jobs, reduce revenues, and increase the deficit.

Rep. Phil Crane (R-IL), 3/18/93:

...a recipe for economic and fiscal disaster.

What actually occurred? The greatest economic expansion in American history and 23M jobs created during the Clinton administration.

They were fear-mongering and wrong then. They are fear-mongering and wrong now....
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04:37 PM on 11/19/2010
You can say THAT again...
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Bassplayer27
There's A Riot Goin On...
04:40 PM on 11/19/2010
Apparently I did in the accidental re-post above! :p
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04:25 PM on 11/19/2010
Tax breaks for the rich don' work poor Republicans still live in same trailer they live in 2000.the GOP lie to them trickle down never came.
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04:23 PM on 11/19/2010
THANK GOD!

Graphic of Republican tax cut vs. Democrat tax cut:

http://www.perrspectives.com/images/wapo_tax_comparison.jpg

Good to see good people standing up to bullies and protecting the people
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oldfuzz
...within my mind
04:22 PM on 11/19/2010
Let's see how it's going to settle. The GOP is trying to show their other face. Will they support this?
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04:18 PM on 11/19/2010
The tiny, uber-wealthy hereditary elite of this nation have been waging take-no-prisoners economic warfare on wage-earning Americans for thirty years - and they have decimated the middle class while vacuuming up 90+ percent of this nation's wealth in the process.

Many posters here are fine with that, for reasons that are inscrutable at best.

I'm not fine with it.

I am a class warrior - a PROUD class warrior - forced into my political and economic posture as a necessity for survival.

Two critical elements of life for wage-earners are presently vanishing as a consequence of the present hostilities - their own ability to enjoy a dignified retirement, and to pay for an education for their children and grandchildren.

It presently takes MILLIONS of cold, hard cash in the bank or treasury notes to yield enough money to maintain a middle-class lifestyle without being employed ( a 3% yield on a million $ will net $30k) - and just how many of us have that class of assets?

A University education PRESENTLY averages about 25k per year - and most of those without advanced education in the very near future will be economic roadkill.

Social mobility in the US has frozen - the USA is currently flat-out LAST among developed nations in the statistical likelihood that a person born in poverty will EVER arise from that status.

If YOU aren't a class warrior - you're a casualty...
04:28 PM on 11/19/2010
when is 200k/yr uber-wealthy..especially in tax happy states like NY,NJ and CA
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04:35 PM on 11/19/2010
I have no wish to be insulting, but your comment reveals you have absolutely no comprehension of mine...
04:17 PM on 11/19/2010
Something wrong here...the Votes are there from 99% of the American People
Here they are.....Extend for the middle class and put back on the Rich people - simple
but our represtatives still don't understand what 99% want & need
04:23 PM on 11/19/2010
of course the people keeping the tax custs would votes for others to pay them. That's today's mentality. Tax the other guy. Half of all people don't pay any tax and they vote to make sure the gravy train continues. In my area, any votes to increase the sales tax fails since everyone has to pay, yet a property tax increase goes through because only property owners have to pay. Its the same give me give me crowd that screws the hard working doctors, etc that have studied for years to be where they are at. By the way, dems always say tax is for millionaires and billionaires...making 200k does not make you a millionaire or billionare...what diatribe...
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Bassplayer27
There's A Riot Goin On...
04:35 PM on 11/19/2010
The number of tax returns with zero or negative tax liability accelerated due to the effects of tax changes during President Bush's first term of office; from 25.2% in 2000, to 32.4% in 2004, to 38% in 2007, and 49% in 2008.

The Bush and Obama stimulus during the last few years helped to wipe out the income tax liability of many Americans as seen by the sharp increase from 2008.

The vast majority of people who escape federal income taxes still pay other taxes, including federal payroll taxes that fund Social Security and Medicare, and excise taxes on gasoline, aviation, alcohol and cigarettes. Many also pay state or local taxes on sales, income and property.

Only income above 200K for individuals and 250K for married will be taxed the extra 4.6%. A small business owner is only paying on revenue after expenses are deducted.

Com'n, you sound very mis-informed. re-examine everything you've heard, and get informed...
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HUFFPOST SUPER USER
patsijean
04:38 PM on 11/19/2010
Read the article again.
04:15 PM on 11/19/2010
Tax breaks, cuts, giveaway's, what ever you want to call them benefit the wealthy under the Bush Plan. Corporate America and small business want to down size. Giving them tax cuts never creats jobs, it just puts more money in the hands of those who are hurting the least!
04:12 PM on 11/19/2010
I am so very happy that Nancy Pelosi will be the Minority Leader. She has worked so hard, and stands tall despite all the lies that the Repubs throw out there. She has class, is smart, and has thick skin. She is an inspiration to any "sensible" woman.
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HUFFPOST SUPER USER
Aarontastic
"Mr. Cain instead decided to try to provide her wi
04:12 PM on 11/19/2010
As far as I am concerned, this is the pivotal vote that is going to define this lame duck Congress, and indeed the first half of the entire Obama administration's stewardship of this country.

So far, conservatives have despised him for all sorts of reasons, independents have lost their capricious affection for him, and progressives have become frustrated with his indecisiveness and lack of willingness to 'go to bat' for liberal ideals. This is his last opportunity to change all of that. This is his chance to change the public's perception of him, and score a victory for the American people. Speaker Pelosi and Majority Leader Reid can only do so much in the Congress...the President's leadership will be needed to break the gridlock. It's not impossible, it can be done! But he has to be truly committed--he has to be audacious.

Let the American people see that the Republicans are standing in the way of their tax breaks--that is the way the President and the Democrats must frame the debate if they are going to be able to beat them. They have to beat the Republicans at their own game. They have to make it savagely partisan out there. If the President merely backs down again and agrees to extend tax cuts for all, we lose. If the Republicans succeed in making it look like the liberals fault that the middle class missed out on tax cuts, we lose. There is only one way.
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HUFFPOST SUPER USER
lost souls rembrd
04:10 PM on 11/19/2010
We'll see
04:09 PM on 11/19/2010
i have read the comments and we all agree, no tax cuts for the rich. Go into action on the phone or emails and contact you senators to support tax cuts for the middle class only and don't cave. Right now we don't have the votes! The blue dogs on the left are standing on the right. Get involved if you want to make a difference.