Top Leaderboard, Site wide
November 27, 2014
Truthdig: Drilling Beneath the Headlines
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Get Truthdig's headlines in your inbox!


Gratitude in a Warring World
Thank a Politician Today




Joan of Arc


Truthdig Bazaar
A Prayer for America

A Prayer for America

By Dennis Kucinich
$11.95

more items

 
Ear to the Ground

Congress Passes Obama-Bush Tax Cuts for the Wealthy

Email this item Email    Print this item Print    Share this item... Share

Posted on Dec 17, 2010
White House / Pete Souza

After a brief show of disapproval, the House went along with the Senate to extend George W. Bush’s gift to the yachting community for another two years. President Obama negotiated the compromise, which will add $858 billion to the deficit, thanks in part to generous giveaways to rich Americans—and not just those who are living.

The estate tax took a beating in this deal, leaving the first $10 million of Grandpa Warbucks’ wealth untouched and taxing the rest at a lower rate than Democrats had wanted.  —PZS

AP via Google:

At the insistence of Republicans, the plan includes an estate tax that would allow the first $10 million of a couple’s estate to pass to heirs without taxation. The balance would be subject to a 35 percent tax rate.

Many House Democrats wanted a higher estate tax, one that would allow couples to pass only $7 million tax-free, taxing anything above that amount at a 45 percent rate. They argued that the higher estate tax would affect only 6,600 of the wealthiest estates in 2011 and would save $23 billion over two years.

House Speaker Nancy Pelosi, D-Calif., called the estate tax the “most egregious provision” in the bill and held a vote that would have imposed the higher estate tax. It failed, 194-233.

Read more

More Below the Ad

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By ray, December 19, 2010 at 6:13 pm Link to this comment
(Unregistered commenter)

When will Americans join in unison & tell obama to complete his promises or resign?
I campaigned & donated beyond my comfort zone for this jive-ass nigger & I would like best now to piss on his face- he has set the Afro equality movement back 25 years & has garnered hate from nations that 10 years ago spoke reverently of our generosity & ideals.
We are now the #1 target nation for nuclear inhalation.

Report this

By ray, December 19, 2010 at 5:51 pm Link to this comment
(Unregistered commenter)

The only way the current administration will leave Afghanistan is for blood & oil of Iran= what do u think gays in the military openly are about as well as unregistered aliens?
Until the final collapse of america, it will be war & we are guaranteed to be ‘the most hated nation’ on earth. Nuclear war is inevitable & guess where the #1 Target is?
I would suggest for those living in cities beyond 1 million to relocate to remote regions w/o the need for nuclear to decimate the masses & don’t make plans beyond 2015.

Report this

By garth, December 19, 2010 at 4:33 pm Link to this comment

Notice how quickly Congress passed the DADT, stalled on the Dream Act and now are going to get on with START.

(The Dream Act’s failure shows that they, the Republicans, can screw with any one they choose to.) 

The DADT gets the press and the American people off the focus of just how much they will be screwed with this tax bonanza to the rich.  The few bucks that’ll go to the workers will probably be taken away next year by higher gas, food, and clothing prices, not to mention the increase in health insurance premiums that these companies will no doubt insist upon, knowing their insatiable greed and umitigated gall.

President Bumptious dipped into the Social Security Fund, took out 2% of all contributions for the next year and will have to shortly tell the workers to go give it to Big Oil, Agri-business, Big Pharma and the Health Insurers. 

But the news media will be talking about Afghanistan using a few foreign names that no knows about and throwing in a few ‘Al Qaedas’ and ‘Talibans’ and ‘9/11s’ just to make it all sound credible.

The START treaty makes them all look like statesmen from the cold war.  The Hawks vs. the Doves.  And the editorial pages and pundits will go on and on.  Most Americans have no idea what’s really going on.  And that’s the way they like it.

Pay through the nose, work like a dog (or stay on the couch according to some Republicans), and shut up.  You should be happy to be American.  After all, it ends with ‘I can.’

But, we can all know that we left this place better than when we found it.  In earlier days, unions would never put up with this.  They’d be screaming.  Hardworking men would stand up against educated bosses and would not believe any of their lies.  They’d know better. 

Now, we have a special populace that’s as dumb as the day is long.  They’re tired and they’ve been fooled to think they need a law degree to know which way the wind blows. 

They want to risk dying in wars for investors in the hopes of going to college.  All volunteer fools.

So, in a way, they are happier.  And that should be everyone’s goal to make the country a happier place.

As one high school guidance counselor used to say to low achievers, “Too bad God didn’t make you a happy idiot.”

We’ve got a nation full of them.  It seems.

Report this
RayLan's avatar

By RayLan, December 19, 2010 at 1:35 pm Link to this comment

This is now spinning as a victory for Obama and for him it probably is - in the short term. When the Reps drop their ‘job creation’ mask and put on their ‘deficit cutting’ mask - it will hurt Obama - since he signed this bill. But no worries- he’ll find some other way to compromise his unprincipled political skin. I’ve decided to un-register as a Democrat since it is able to foster such wolves in sheep’s clothing - Obama has proven once and for all that he is Corporate America’s bitch.

Report this
David J. Cyr's avatar

By David J. Cyr, December 18, 2010 at 9:54 am Link to this comment

QUOTE (of an unperson avatar… being just another painting in many shades of the devious Right’s blue):

“While much of America comes together on many domestic and foreign policy issues (actually a very good thing), the notion that Republicans and Democrats vote together is disproved daily.”
____________

Republicans voted for the “dumb” war they wanted more of, and Democrats voted to make “dumb” war they said they didn’t want become “necessary” wars (plural). They both reliably vote for more war.

Republicans voted for greater profits for more denial of medical assistance for the sick, and Democrats voted to ensure those greater profits for less care, instead of the Single-Payer that they said they wanted. They both voted against having actual health care provided.

Republicans voted against climate change mitigation they believed not needed, and Democrats voted to delay the mitigation they knew was needed. They both voted for extinction sooner, rather than later.

While the liberal and conservative voters appear to have different motives, they regularly join together to serve the corporate state… like a host feeding its cancer.

It’s lemming logic to think it’s “a very good thing” for a supermajority to come together — despite their differences — to approve of pushing everyone off a cliff.

The fact that conservatives think they’ve voted for something substantively different than liberals have is evidence that Democrats don’t just deceive liberals. The Democrats fool the conservatives too.

Report this

By Inherit The Wind, December 18, 2010 at 12:19 am Link to this comment

In “Shogun”, there’s a scene where Blackthorn is forced to lie on the ground while Omi-san publicly pisses on him.

We now know how Blackthorn felt.

Report this
de profundis clamavi's avatar

By de profundis clamavi, December 17, 2010 at 7:53 pm Link to this comment

Q: What’s the difference between Barack Obama and Benedict Arnold?

A: Benedict Arnold fought bravely, courageously and audaciously, and won decisive victories for his fellow Americans, before he betrayed them.

Report this

By FRTothus, December 17, 2010 at 6:11 pm Link to this comment

Betrayed again.

Report this
mack894's avatar

By mack894, December 17, 2010 at 5:12 pm Link to this comment

By samosamo, December 17 at 3:04 pm Link to this comment
****************


Mulatto bastard’s first lie to the people in the
2012 election, “I promise to let the tax cuts for
the wealthy to end when I become president”.

Can you not disagree without resorting to racism?

Report this
mack894's avatar

By mack894, December 17, 2010 at 5:08 pm Link to this comment

Congress passes Obama-Bush Tax Cuts for the Wealthy. Lazy Unemployed
Workers Keep $150 weekly Unemployment for 13 Months and Forfeit All
Property.


I won’t be watching the news today, because I don’t want to see pictures of this.

I wish instead news media would replay all of Obama’s speeches and promises
swearing to end tax cuts for the wealthy.

Excerpt from Obama Speech—Take Back America

...“I think we’ve all had enough. Enough of the broken promises. Enough of the
failed leadership. Enough of the can’t-do, won’t-do, won’t-even-try style of
governance.

Four years after 9/11, I’ve had enough of being told that we can find the money
to give Paris Hilton more tax cuts, but we can’t find enough to protect our ports
or our railroads or our chemical plants or our borders.

I’ve had enough of the closed-door deals that give billions to the HMOs when
we’re told that we can’t do a thing for the 45 million uninsured or the millions
more who can’t pay their medical bills.”

Report this

By Lincoln, December 17, 2010 at 4:47 pm Link to this comment
(Unregistered commenter)

Well, that is what you get when you hand Wall Street and Banksters trillions of dollars of tax payer’s money with no strings attached.  They invest it in China and then claim it wouldn’t be prudent to hire US workers.

This isn’t surprising seeing how these are the same idiots who gave Bush authority to go to war with Iraq based on lies and sexed-up intel.

Children of 9 year old, would do a better job representing the best interests of the people.  They wouldn’t sell-out of K St because they know doing so would result in a good spanking.

Report this

By Amon Drool, December 17, 2010 at 4:40 pm Link to this comment

just in case anyone still is holding out hope for dennis kucinich, the guy actually voted for this bill

Report this

By ray, December 17, 2010 at 3:55 pm Link to this comment
(Unregistered commenter)

Obama’s mug gives my stomach an upset feeling so i try to shit him out of my bowels- what will it take to make this disappointing person go away- very far away like back to Africa or hell?
39% approval rating was a misprint- it was meant to read 9% & I have yet to find that 9% that approve of ‘boy king’?

Report this

By trish2, December 17, 2010 at 3:51 pm Link to this comment

Yet another disappointment. 
Everytime the Dems compromise and the Repubs don’t, the Dems move to the “right”. Over time, this has moved the “center” to the right to the extent that the Dems now resemble the Repubs of 20 years ago.
With the power being with the corporate rich, it is hard to see this direction changing anytime soon.

Report this

By JJW, December 17, 2010 at 3:29 pm Link to this comment
(Unregistered commenter)

Race to the bottom, unfortunately for the nation.  Will Obama match Bush’s 29 percent approval rating?

I suspect China is buying off all our politicans, along with Israel and other major (non-tax paying) off shore tax sheltering corporations.

Report this

By Tish Martinez, December 17, 2010 at 3:23 pm Link to this comment
(Unregistered commenter)

-Leave no authority existing not responsible to the people.
-Power is not alluring to pure minds.
-That government is the strongest of which every man feels himself a part.
-It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.
-Experience demands that man is the only animal which devours his own kind, for I can apply no milder term to the general prey of the rich on the poor.
Thomas Jefferson

Report this

By ray, December 17, 2010 at 2:09 pm Link to this comment
(Unregistered commenter)

America elected this eloquent piece of shit & we must compromise as he has set a very good example of.
Americans are sick of war & see no justifiable reason for continuing obamas directives.
What is it going to take to get this war monger the message?
39% approval rating- I don’t believe it is that good for Mr. Disappointment- were screwed for another 2 years.

Report this

By dcrimso, December 17, 2010 at 1:38 pm Link to this comment

When commenting on issues facing us today, I’m often haunted by the image of faceless school children marching lockstep into the abyss in the movie “The Wall”.  Only now it’s faceless Americans marching to the tune of the Rich.

Report this
morongobill's avatar

By morongobill, December 17, 2010 at 1:15 pm Link to this comment

People like a man or woman who is willing to fight for their beliefs, whether they agree or not with his beliefs.

The only fighting this president has done is when he turns on his base.

F—- him.

I am done with this DINO.

I say primary this jackass and if it results in a catastrophic defeat for the dumbocrats, so be it.

Since they are acting so much like republicans and taking orders from republicans, to hell with them.

A real FIGHTING LIBERAL in the mold of a Bobby Kennedy, someone who has whipped somebody’s ass in real life, and not afraid to lead by example—-

I guess I should wish in one hand and shit in the other, see which one fills the fastest.

Pigs will fly before we see my dream happen, the bunch of blow-dried poll reading, ball-less wanna be’s!

Report this
de profundis clamavi's avatar

By de profundis clamavi, December 17, 2010 at 1:04 pm Link to this comment

Q: What is the difference between Barack Obama and Judas Iscariot?

A: Judas had the decency to hang himself.

Report this

By garth, December 17, 2010 at 12:43 pm Link to this comment

It was disheartening to hear the callers to C-SPAN this morning praising President Bumptious the Backstabber for his tax gift to the wealthiest while sticking it to the working poor and the ones on Social Security and the ones who now can only hope that there will enough in the fund.

The cut in Payroll tax from 6.2% to 4.2% is the beginning of the final unravelling of FDR’s New Deal.

It might provide a temporary boost to parts of the economy, but the damage done by this precedent far outweighs any short-term gain for the Wal-Marts, Dollar Tree Stores and the like.


The nerve of those bastards.

They’ve hollowed out the government, sent and will send millions of jobs overseas, and now they did a fast cash transfer to the top 1%, and people are cheering.

ABB used to mean Anyone But Bush.  How about Anyone But Bumptious.

I wouldn’t vote Republican, and I wouldn’t vote for Bumptious, ever.

Report this

By Lincoln, December 17, 2010 at 11:55 am Link to this comment
(Unregistered commenter)

Wall Street runs the US Government.  Keep sending them trillions of dollars, so they can have record perks and bonuses while American children and elderly live in poverty. 

Shame on you, Barack Obama!

Report this
Go Right Young Man's avatar

By Go Right Young Man, December 17, 2010 at 10:45 am Link to this comment

David J. Cyr,

The fact remains: Not a single piece of legislation, proposed or passed by the democrat controlled congress, has enjoyed the support of the majority of American voters.  Not one!

While much of America comes together on many domestic and foreign policy issues (actually a very good thing), the notion that Republicans and Democrats vote together is disproved daily.

Report this

By samosamo, December 17, 2010 at 10:04 am Link to this comment

****************


Mulatto bastard’s first lie to the people in the
2012 election, “I promise to let the tax cuts for
the wealthy to end when I become president”.

And that is when he is elected because despite all
the hoopla about what a shitty president the
conservatives claim o to be, he has been the
conservative AND the wealthy crooks best friend
and they will sure enough put him back in office.

Report this
David J. Cyr's avatar

By David J. Cyr, December 17, 2010 at 10:03 am Link to this comment

QUOTE (of an unperson avatar… being just another painting in many shades of the devious Right’s blue):

“One more contextual item.  Not a single piece of legislation, proposed or passed by the democrat controlled congress, has enjoyed the support of the majority of American voters.  Not one!”
____________

A contextual item lacking a contextual understanding.

There are no (d) democrats in Congress (Note: Bernie (s)anders caucuses with the corporate party’s not democrat Democrats). The Republicans and Democrats vote together, in full partnership, for their “electable” interchangeable part corporate party candidates — both factions voting for the same neoliberal strategic goals — then the liberals complain about what they voted for, and the insatiable conservatives complain that they didn’t get enough of what the fucking liberals voted for… and gave to the conservatives.

The more Democrats get elected the faster America moves further to the Right.

All the world’s people got the shit the Republican and Democrat corporate party voters voted together for.

Report this
Go Right Young Man's avatar

By Go Right Young Man, December 17, 2010 at 9:25 am Link to this comment

PatrickHenry, - “Democrats snub nose at population who elected them and rolled over.”

-

You may wish to revisit the results of the Nov. 2010 elections, PHenry.  The fact is the democrat’s midterm catastrophic defeat has set a modern record.  The last time the democrats had fewer than 200 members in the House was 1947. - Republicans picked up a net gain of just under a thousand seats across the nation.

Let us, at the very least, keep these events in context.  It was the American Voter which rolled the democrat’s progressive agenda.

-

One more contextual item.  Not a single piece of legislation, proposed or passed by the democrat controlled congress, has enjoyed the support of the majority of American voters.  Not one!

Report this
PatrickHenry's avatar

By PatrickHenry, December 17, 2010 at 8:32 am Link to this comment

It should read:


Democrats snub nose at population who elected them and rolled over.

Report this
Go Right Young Man's avatar

By Go Right Young Man, December 17, 2010 at 7:35 am Link to this comment

This headline should read:

Congress Prevents Obama/Democrats From Raising Taxes During Recession.

Report this
David J. Cyr's avatar

By David J. Cyr, December 17, 2010 at 7:19 am Link to this comment

QUOTE (from “went along” AP link):

“In a remarkable show of bipartisanship, the House gave final approval to the measure just before midnight Thursday, overcoming an attempt by rebellious Democrats”
____________

Theater!

If Democrats could ever be “rebellious” the revolution would have come in 2009.

Wars would have been ended; (R) & (D) war criminals would have been arrested and extradited for International Court trials; all banksters would have been speedy trial prosecuted, convicted and imprisoned; Single-Payer would have been enacted; and serious climate change mitigation response would be America’s primary political focus now.

There are no “rebels” in the corporate (R) & (D) party… only criminals are (R) & (D) “electable” to Congress.

No intelligent, well informed, good intentioned person would ever vote for any of the corporate party’s devious Democrats.

Report this
 
Monsters of Our Own Creation? Get tickets for this Truthdig discussion of America's role in the Middle East.
Right 1, Site wide - BlogAds Premium
 
Right Skyscraper, Site Wide
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.

Like Truthdig on Facebook