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Hoyer: Middle-Class Tax Cuts Might Need to GoPosted on Jun 22, 2010
George W. Bush bought himself a little goodwill by instating some strategic middle-class tax cuts while he was president, but those are about to expire, and according to House Majority Leader Steny Hoyer, President Obama’s idea of extending those cuts may run up against some resistance—even from his own party.
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By call me roy, June 25, 2010 at 7:11 pm Link to this comment
Hoyer Says He Is Not a ‘Big Supporter’ of Freezing Congressional Pay Until Budget Is Balanced
Report thisTuesday, February 02, 2010
By garth, June 23, 2010 at 12:44 pm Link to this comment
One more thing. All the news media are playing up this $20 billion that BP has pledged to pay for the cleanup in installments of 5 billion a year. Wow!.
That amount per year is less than the 6 billion that make in profits each quarter. American taxpayers don’t get through the wringer till June. About half their earnings, earnings mind you not profits, goes to the Big Fed.
Plus BP has the five votes in the Supreme Court as their ace in the hole. Whether they plug the leak or not, eventually the news media will stuff this story down the memory hole and BP will take the case all the way to the Supreme Court just Exxon did with the Valdez in Alaska, and BP will walk away only paying a fraction of what they say they will pay.
That’s the way our government, or should I say Our Consortium, works.
Report thisYou understand. It’s for the good of America. We’ve are a nation that lives by the law…sometimes.
By garth, June 23, 2010 at 11:34 am Link to this comment
We don’t have a Congress a Consortium.
“An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.”
That joint venture is becoming clearer with each election. But the paradox is, they don’t even know for sure what the purpose is.
A bunch of ne’er-do-well lawyers with a few medical doctors sprinkled in, a few downright morons and the obligatory know-nothing layabouts: that’s our Congress.
And to add insult to injury, they are all millionaires many times over in some cases. That’s the Government by the people, for the people and of the people?
What’s absolutely the most outrageous point is that you and I, the taxpayer (and you can forget the bullshit about the lowest 40% in income not paying any taxes; they pay through the fuckin’ nose for the goddamn rich), enable these bastards to enrich themselves by voting them into office time and time again.
I am not a teat (intentional) partier. Get rid them. Ignore them.
I am not a Republican. Never have been and the way they are going, never will be.
I am fed up American.
My question is, “Who the fuck do they think they are?”
Report thisBy kerryrose, June 23, 2010 at 7:59 am Link to this comment
Thank you Garth.
Report thisBy garth, June 23, 2010 at 7:22 am Link to this comment
By kerryrose, June 23 at 9:13 am #
Great, if we tax corporations and the wealthy the way they should be taxed.
The middle class already picks up the tab for that lot as it is.
Tell me how in Manhattan, where corporations make billions in profits, the public school system is destitute? I don’t get it.
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I think I read the answer to your question in one of Webster Tarpley’s books. In the 1970s, NYC NY went bankrupt. Felix Rohatyn and investment banker guided the city through its financial difficulties, or so the news media said.
What really happened was that the financial people saw that NYC, just like most cities, pays the bulk of its taxes to Education.
Then came the attack on Public Education. To cover their involvement, they included local potentates who knew next to nothing about Education, but they did have their own likes and dislikes. Just enough to keep the pot boiling.
Cuts to the Education budget was the result. But what’s more important was that the payment to wealthy owners of Municipal Bonds grew. And that’s where Felix Rohatyn shined.
NYC got schools that were underfunded and many went to seed. NYC city got social unrest.
But the bankers got theirs, the NYC taxpayer’s hard earned money.
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In the House of Representatives, each session is begun with a prayer. I’d like to hear them pray the following:
Creator of the Universe, this nation is now in its nadir of national disgrace, beset with one calamity after another. The American working man has been disemboweled by the surgical knives of artful politicians aided by filthy lucre from Godless corporate interests.
Is this another test or are you grading the final exam?
Answer me that one, Mr. G.
Report thisBy kerryrose, June 23, 2010 at 6:40 am Link to this comment
suave
Report thisThe NEA was gutted years ago.
By rico, suave, June 23, 2010 at 6:33 am Link to this comment
kerryrose:
The answer- The NEA.
Report thisBy kerryrose, June 23, 2010 at 5:13 am Link to this comment
Great, if we tax corporations and the wealthy the way they should be taxed.
The middle class already picks up the tab for that lot as it is.
Tell me how in Manhattan, where corporations make billions in profits, the public school system is destitute? I don’t get it.
Report thisBy c.d.embrey, June 22, 2010 at 9:45 pm Link to this comment
(Unregistered commenter)
Why do the Democrats hate the middle class?
Molly Ivins said: “You Got to Dance with Them What Brung You” The
Report thismiddle class brought Obama and the Democrats to the dance, but they
have abandoned use to dance with the rich. Hopefully we won’t be fooled
again—but I doubt it.
By G.Anderson, June 22, 2010 at 9:44 pm Link to this comment
Our government sucks, lets get a new one…
Report thisBy SteveL, June 22, 2010 at 8:55 pm Link to this comment
How about raising tariffs on imported goods and eliminating tax incentives to take jobs out of the country?
Report thisBy PatrickHenry, June 22, 2010 at 4:06 pm Link to this comment
Steny Hoyer is my congresscritter and I vote against him every chance I get.
Unfortunately he is diebolded in.
Maybe Mr. Hoyer should cancel his numerous trips to Israel and cut the bloated welfare aid packages given that country before one dime is levied on the American taxpayer.
We need to cut the Federal Governments spending drastically beginning with the military and the Foreign aid money we bribe the other countries of the world with.
I plan to vote against all encumbents next election.
Report thisBy rico, suave, June 22, 2010 at 1:39 pm Link to this comment
What I can’t understand is why anyone believed Obama’s “95% of you will get tax cuts” line of bullshit in the first place.
Wait til they start admitting to all of the “oops, we didn’t think of that” costs in the health care bill.
Democrats, liberals and progressives are just way too credulous about government competence and goodwill.
Report thisBy garth, June 22, 2010 at 11:06 am Link to this comment
The problem with the Democrats is this: They are seen as euphoric, self congratulatng dimwits, whistling pass the graveyard.
They’ve acted this way for the past 10 or so years.
Check out any replay of Sunday News shows where a Democratic leader and a Republican leader appeared.
The Democrat was always pawing at the shoulder of his Republican colleague saying something like, “My brotehr here in the Senate ba dee ba dah.”
The Republican always and ever-so slightly recoiled, as if he were being touched by a leper while remaining stone-faced.
It’s all show. For your consumption.
The theme of the show is that you are going to be taxed up the yiog-yang for carbon, for health care, and who knows what else at this point.
It’s all to pay off the wild betting done by Wall Street in the Credit Default Swaps. We paid off the debt owed because from the S&L Fisaco in the 1980s. Now, and for the distant future, you poor bastards are going to be stuck with paying Wall Street’s gambling bill. The first 180 billion of the TARP money paid to AIG went exactly to that end. Check out how much went to Goldman-Sachs.
Think of it this way, your ne’er do well cousin comes-a-calling at your door and asks you to give him 600 Trillion dollars to pay off a bad bet.
These scum can’t even find it in themselves to admit what they are paying off. They think that you are the “lesser” people. They say, “If you ain’t rich, your life ain’t worth living!”
They talk about your children and grandchildren. Well, I’ll bet Kerry’s and Lieberman’s grandchildren will do just fine.
Thanks to you. You schmucks.
God bless you. You’ll need it.
Report thisBy skulz fontaine, June 22, 2010 at 10:53 am Link to this comment
Yeah Stimpy, take it out on the American “small” people. Go ahead. Hell you
Report thislickspittle son-of-a-bitch, you don’t owe regular Americans a goddamn thing.
Right. Just remember Hoyer, comes a time when what goes around comes back
around. You think all you’ve got to worry about are the “teabaggers?” Think again
chump.