Skip to main content

Obama Maybe Not Caving On Tax Cuts

Good, so far: "'Here's the right interpretation -- I want to make sure that taxes don't go up for middle class families starting on January 1st,' Obama said at a news conference at the conclusion of the G-20 Summit here. 'That is my number one priority for those families and for our economy. I also believe that it would be fiscally irresponsible for us to permanently extend the high income tax cuts. I think that would be a mistake, particularly when we've got our Republican friends saying that their number 1 priority is making sure that we are dealing with our debt and our deficit.'"

That does hint he might be amenable to a temporary extension. We can come back in two or three years and have this argument all over again?

Comments

namefromthepast said…
What level of redistribution is the most fair? Any number between 0 and 100% is arbitrary so go for it I guess.

This is not a zero sum game. If we tax the wealthy greatly it won't make anyone's life better so what's the point?

The tax rate that should be forefront in debate is the tax about to be forced upon everyone through inflation.

QE2 and stimulus? Intentional devaluation of the dollar is criminal especially to the poor. Soro's investment letter advises commodities as an inflation hedge. This jackass knows exactly what he is doing when he promotes liberalism. FYI-it ain't to help the disadvantaged.

What does my grandma on fixed income do? What shall her inflationary hedge strategy be? To die? Gotta love inflationary monetary policy.

Occupying yourself with the tax rates of the wealthy misses the vehicle of social justice by such a wide margin you can't even see the dust.

"That is my number one priority for those families and for our economy." This is the purest form of bullshit on the planet.

Popular posts from this blog

Yoga

I've been making some life changes lately — trying to use the time I have, now that I'm back in Kansas, to improve my health and lifestyle. Among the changes: More exercise. 30 minutes a day on the treadmill. Doesn't sound like a lot, but some is more than none, and I know from experience that getting overambitious early leads to failure. So. Thirty minutes a day.

One other thing: Yoga, a couple of times a week. It's nothing huge — a 15-minute flexibility routine downloaded from an iPhone app. But I've noticed that I'm increasingly limber.

Tonight, friends, I noticed a piece of trash on the floor. I bent over at the waist and picked it up, and threw it away.

Then I wept. I literally could not remember the last time I'd tried to pick something off the floor without grunting and bracing myself. I just did it.

Small victories, people. Small victories.

Liberals: We're overthinking this. Hillary didn't lose. This is what it should mean.

Interesting:
Nate Cohn of the New York Times estimates that when every vote is tallied, some 63.4 million Americans will have voted for Clinton and 61.2 million for Trump. That means Clinton will have turned out more supporters than any presidential candidate in history except for Obama in 2008 and 2012. And as David Wasserman of Cook Political Report notes, the total vote count—including third party votes—has already crossed 127 million, and will “easily beat” the 129 million total from 2012. The idea that voters stayed home in 2016 because they hated Donald Trump and Hillary Clinton is a myth. We already know the Electoral College can produce undemocratic results, but what we don't know is why — aside from how it serves entrenched interests — it benefits the American people to have their preference for national executive overturned because of archaic rules designed, in part, to protect the institution of slavery. 

A form of choosing the national leader that — as has happened in …

I'm not cutting off my pro-Trump friends

Here and there on Facebook, I've seen a few of my friends declare they no longer wish the friendship of Trump supporters — and vowing to cut them out of their social media lives entirely.

I'm not going to do that.

To cut ourselves off from people who have made what we think was a grievous error in their vote is to give up on persuading them, to give up on understanding why they voted, to give up on understanding them in any but the most cartoonish stereotypes.

As a matter of idealism, cutting off your pro-Trump friends is to give up on democracy. As a matter of tactics, cutting off your pro-Trump friends is to give up on ever again winning in a democratic process.

And as a long-term issues, confining ourselves to echo chambers is part of our national problem.

Don't get me wrong: I expect a Trumpian presidency is a disaster, particularly for people of color. And in total honesty: My own relationships have been tested by this campaign season. There's probably some damage…