We Road-Blocked President Obama Again. Making sure he is a one term President is the most important thing in the world.
As I start to file this the Republicans have just roadblocked the Buffett Rule. That's about 50 billion dollars that won't be available to help the economy, keep intrest rates low on student loans or create badly needed jobs. The Buffett rule would require those making over a Million Dollars a year to pay a higher tax rate. A rate like that payed by factory workers, farmers, construction workers and other normal people making $30 to $50 thousand a year. So far the Republicans have managed to kill any thing that might help the recovery as an improving economy might play in President Obama's favor in the up coming election. Republicans have made their main job to block anything that might help Obama win a second term. The country and the people be dammed republicans are making a power play to regain the presidency at any cost.
Making sure President Obama is a one termer is my most important mission in life.
Republicans are holding the line against the creation of 3 Million jobs and they think that's just fine. Appearently the local Amherst County Republicans are in lock step with the GOP Leadership and replacing Obama is the only thing on their simple minds. These partisan republican fools should be ashamed to call themselves Americans. Are they driven by ignorance or hate of another race or is there some thing more sinister that motivates their disgraceful behavior?
Republicans protect big oil and big oil funds republican campaigns and pockets.
Last week the republicans blocked a bill that would have ended oil subsidies and taken away tax breaks from the richest coperations on the face of the earth. Republicans can be counted on to stand up for the rich. Over 90% of republican voters are not rich, just stupid. That cannot be denied. When you aren't smart enough to vote for your own self interest. When a political party can rangle your vote away from you without supporting any of your interest, you are stupid.
President Obama's attempts to sell the so-called Buffett Rule appear to be having some impact.
It's polling well. Republicans could not care less that over 60% of the people like the Buffett Rule. They only care about the next election and not the people. How sick do you have to be to be a republican? You have to be sick enough to stab the people in the back while you do or say anything to regain political power.
Gallup reports that six in 10 Americans -- 60%-37% -- favor the proposal that would require millionaires to pay at least the same tax rate as middle-class Americans, around 30%. Republicans will run over grandma to look out for the rich and big business.
The decisive margin comes from Democratic and independent voters; most Republicans oppose the Buffett Rule. Republicans have vowed to kill any bill that would help the recovery and make Pesident Obama look good or help him in any way with the election.
We've road-blocked everything Obama has tried to do to help the economy and the jobless and now we will win back the Presidency for the GOP.
The Republican party fulfills the traditional conservative party role of persuading working people to vote against their own interests by appealing to prejudice and fear. Republican voters are more than happy to turn off their minds and walk lockstep in this nonsense. 60% of the voters in Amherst County have not enjoyed an original thought since Bob Goodlatte was first elected to Congress and Bob hasn't done dinky do for any of them and unless it by accident never will.
The Senate is set to vote on the proposal Monday, but Republicans are expected to block what they call an election year gimmick that will not create jobs or grow the economy. It won't create jobs or grow the economy because it will never see the light of day. Republicans will kill it just as they have roadblocked almost everything designed to help the recovery. The real gimmick here is that republicans continue to pull the wool over voters eyes. Either the voters are lame brain stupid or they enjoy the suffering and joblessness of their fellow citizens. If republicans had stopped playing games and worked with Democrats to solve our problems the recovery would already be strong and unemployeement would be below 6%. The next time you hear a republican complaining about the economy remember they are the ones who are responsible for it being bad. George W Bush sank the ship of state and every republican refused to help bail water and right and refloat the wreck. Republicans stubbornly refused to help in any way.
Captian DubWa
The rule is named for billionaire investor Warren Buffett, who says it's unfair that he pays a lower tax rate than his secretary. Mitt Romney pays 14%, What Percentage Do You Pay?
T'd rather road-block Obama than pay child support and I really mean that.
Republicans pointed to a different part of the Gallup survey: Very few respondents -- 1% -- mentioned the gap between the rich and the poor as the nation's top economic problem. Republicans claim that since this would only generate 47 Billion Dollars that it is just a gimmick. Lets get real. 47 Billion here and 47 Billion there and pretty soon you start to solve the problem. Republicans are thick headed idiots.
"Democrats can talk about this tax hike until they're blue in the face, but Americans are looking for solutions on jobs, gas prices and the deficit," said Brendan Buck, a spokesman for House Speaker John Boehner, R-Ohio. "And this gimmick doesn't offer a solution to any of them." Republicans have roadblocked solutions on jobs, gas prices and the deficit. Republicans have voted NO on everything and they plan to keep it up until they drive President Obama from office. No matter what bill is up for a vote they misdirect and talk about what it doesn't do and they have played this game over and over. I'm surprised republicans are so dumb as to still be fooled by this grade school trick. Republicans should demand their party participate in healing the American economy. The proudest day for republicans was when the USA had its credit status reduced and the GOP made it happen by roadblocking solutions and endless delays.
I see communist everywhere. I'd rather talk trash to women but my staff says I can't challenge them to fight anymore so I'll spend my days road-blocking everything President Obama wants to do. In case you didn't know I am a hero.
Gallup's analysis:
Republican politicians oppose the Buffett Rule, and there is little possibility that it will become law this year. President Obama's intense focus on the policy and his emphasis on bringing it to a vote in Congress is thus mostly a symbolic gesture -- underscoring his general presidential campaign themes this year. An emphasis
on millionaires paying higher taxes also helps position the Obama presidential campaign against his very rich GOP opponent, Mitt Romney.
If the tax cuts weren't named after me they wouldn't get raised.
Perhaps more importantly than the fate of this one policy proposal, the expiration of the Bush tax cuts at the end of this year means that unless something is done, taxes will in fact go up for many American taxpayers. Obama is on record as saying that he would let the tax cuts expire for those households making $250,000 a year
and up, but would keep them in place for all others.
Although the public agrees with the idea of increasing taxes on the rich, this does not appear to be Americans' highest priority. Gallup's April measure of the most important problem facing the country shows that Americans cite the economy, jobs, dissatisfaction with government and the deficit as the top problems, while very few (1%) mention the gap between the rich and the poor as the top problem. Previous Gallup research has also shown
that Americans rate reducing the income and wealth gap between the rich and the poor as a lower priority than growing the economy more generally and increasing economic opportunity.
Mitt's $50,000 Fund Raiser EXPOSED
Is there any question, McCain really likes Romney. Maby his wife will tell him, perhaps not.
From his closed-door fundraiser yesterday, courtesy of NBC:
“I’m going to probably eliminate for high income people the second home mortgage deduction,” Romney said, adding that he would also likely eliminate deductions for state income and property taxes as well.
“By virtue of doing that, we’ll get the same tax revenue, but we’ll have lower rates,” Romney explained.
Let’s check Romney’s arithmetic.
The home mortgage deduction was worth $22 billion to households making over $200,000 in 2009. Even if half of that was attributable to second houses—and the actual figure is certainly less—that gives you $11 billion. The deduction for state and local income taxes was worth $20 billion for those same households. So together you get a total of $31 billion.
The top 1% paid about 36 percent of individual income taxes in 2009, which were $915 billion. So they paid $329 billion in individual income taxes.
Even if we assume that all $31 billion in benefits from the deductions for interest on a second home and state and local taxes went to households in the top 1%—an unrealistic assumption, since the cutoff for the 1% is far above $200,000—that only brings their taxes up to $360 billion. Factor in the 20 percent across-the-board cut in rates that Romney has promised, and their taxes fall to $288 billion. Net, that’s a $41 billion reduction.
On top of that, you have to add Romney’s proposed reduction in corporate income taxes, since the rich pay a large proportion of corporate income taxes, at least according to the Tax Policy Center and the CBO.
Republican tax cut plans fall into two categories: the ones that don’t bother pretending that they’re going to be revenue neutral and the ones that do. But the latter can never make the numbers add up because you can’t have massive rate cuts and be revenue neutral unless you’re willing to eliminate popular tax expenditures for the middle class, the preference for investment income (the most important tax break for the rich people who pay for Republican politicians’ campaigns), or both.
This is the guy who’s supposed to be the hard-headed businessman?
There just aren’t enough tax expenditures to balance out the huge rate cuts that Romney has promised to the 1%. Republicans have always said that tax cuts pay for themselves though there is zero proof of their claim. Romney claims to know something about business but there is zero proof for that claim also.
The Listed Tax Rate is 35 percent, Really 12 percent
The Chamber of Commerce Whines while Corporations Pay 12 percent Tax Rate
Many Americans were shocked last month to learn that Republican presidential candidate Mitt Romney only paid an effective tax rate of 13.8 percent in 2010, but a recent report shows that corporations are paying even less.
Corporations in the U.S. paid only an average of 12.1 percent in taxes on the profits they earned inside the U.S in fiscal 2011, according to statistics from the Congressional Budget Office (CBO).
The Wall Street Journal reports that it's the lowest percentage corporations have paid on those profits since at least 1972, and it's less than half of the 25.6 percent they paid on average between 1987 and 2008.
Corporations saw their profits, however, reach an all-time high at the end of 2010. The $1.68 trillion in annualized profits in the fourth quarter of fiscal 2010 beat the previous record of $1.65 trillion in the third quarter of 2006.
The Journal credited the low rate to a temporary tax break, known as "bonus depreciation," which allowed companies to immediately write off certain investments instead of taking write-offs over a period of years.
In an interview with NBC earlier this year, Romney flat-out stated that President Barack Obama had raised taxes on corporations.
"If you want to get the economy going, lower corporate tax rates," he said. "He’s raised them."
Since 1993, the marginal corporate rate has been at 35 percent. Romney has proposed that it be reduced to 25 percent.
Republican presidential candidate Newt Gingrich has said the he would "create a boom of new American entrepreneurship by dramatically cutting the corporate tax rate" to 12.5 percent (PDF), one of the lowest in the developed world.
During his State of the Union Address last month, the president also opened the door to lowering the corporate rate "without adding to our deficit." In their 2010 report (PDF), the President's Economic Recovery Advisory Board discussed lowering the marginal rate to 28 percent.
Is The GOP Dying?
Dumbo Goes Belly Up
The Republican party fulfills the traditional conservative party role of persuading working people to vote against their own interests by appealing to prejudice and fear. I do not support this, but I recognize it as legitimate in the sense that similar political parties have existed in all democracies. Sometimes the strategy is more successful and sometimes less, but it is hard to foresee a democratic system where no such devious party exists. The really dumb only understand the appeal of prejudice and fear.
Change is happening all around us and the republican party is split into 2 or 3 seperate segments. It is hard to pick the winner and to know where the GOP is headed.
Consider the reluctance of many Republicans in Congress to extend policies that are traditionally favored by big business (and the Chamber of Commerce), such as infrastructure spending and funding for the Export-Import Bank. This points to a split between the traditional corporate wing of the GOP and the newer, ultra-conservative tax revolt wing. The old GOP is scared to death of the new tea party.
My guess is that this will blow over and the Republicans will figure out a way to keep big business happy by finishing off the Tea Party. But it points out a potential shift among the people who fund the GOP. It doesn't seem republicans mind being lied to by their leaders and this may indeed be the solution for the old GOP.
Republicans have eaten up these lies for decades without complaint. The tea party will be much harder to deal with as they will not accept the lie as the solution. The tea party has about outlived its usefulness and its big business sponsors will soon pull the plug and put the tea baggers out of their misery.
Historically, the Republicans were the party of business. Businesses like to make money. That can mean a lot of different things for government policy. In some cases, they want less regulation, since regulatory compliance costs money. On the other hand, large companies often want more regulation, since they can absorb the costs of compliance better than small competitors. Regulation can also be a mechanism for price fixing, as with the old Interstate Commerce Commission, which functioned as a legal cartel for railroads. Businesses definitely want lower corporate tax rates, since that increases their net income. But they also like some types of government spending. Most obviously, defense contractors like lots and lots of defense spending. Less obviously, businesses have historically been major beneficiaries of free public education, since it gave them a more skilled workforce. So in general, the business community is not obviously in favor of lower taxes or lower spending. Businesses also like spending on roads, bridges, airports and trains as this aids them in delivering their goods.
Contrast this with the interests of billionaires. The super-rich do have a lot of wealth tied up in company stock, so to some extent they share the interests of businesses. But as rich people, they have their own interests. In this case, they unequivocally gain from lower taxes and lower government spending; they get to keep more money and they don’t need government services, as individuals. Besides, once you’ve made your first billion, it doesn’t really matter how your business does after that point.
With increasing inequality and the relaxation of contribution limits, the balance of power within the Republican Party may be shifting from big business to billionaires. As USA Today reported, 25 percent of all super PAC money in this election cycle has come from five people. Furthermore, super PACs are accelerating an ongoing trend of decreasing party control over spending. Note that while major trade organizations like the National Association of Manufacturers and the Business Roundtable favor government spending that supports businesses, the Club for Growth, an antitax organization, is against it.
The problem for the GOP is that it is presently searching for an identity which will appeal to the mainstream basic old fashioned conservatives. Increasingly the party has become the party of extremes, and, in doing so, seems to be in the process of alienation. Not only does the “tea party” fanatics (under Rove’s and Armey’s
guidance) represent an extreme, which the originally constituted Tea Party did not intend to be a one issue division of the GOP, but it is almost entirely without other parts of its basis. The GOP is also alienating women (the whole health care birth control debate), students who see it as elitist and are feeling that their voting rights are under threat with the new anti-registration measures, the immigrants, whom the Republicans tend to abuse, especially the Hispanic community, as well as substantial portions of the 99% who see themselves being squeezed in the declining middle class, and feel that their problems (including foreclosures) are not being addressed. Of course, maybe none of this matters if folks like the Kochs continue to funnel millions into electioneering for the GOP, even if Romney seems to be both the frontrunner, and less electible every day.
I think the party will figure out a way to tempoarly paper over its differences ahead of the elections inNovember even though Obama will win a second term. But in the long term, how long will it be before the business community figures out that the new Republican Party has fallen into the hands of antitax, antigovernment zealots who are willing to put low personal income tax rates ahead of high corporate profits?
Big business members are not the dim witted sheep that the run of the mill republican voters are so expect some explosive action from the GOP in the near future. Big business has always hedged their bets with contributions to both Democrats and Republicans so moving to the Democratic side completely would not be unusual. The GOP might be dying off.
The GOP funeral hasn't been scheduled, but the party is dead. Unless the world turns upside down between now and November and the Democrats lose this fall election, the GOP is gone. And not just in November but for a long time to come.
The verdict? Suicide while not of sane mind.
The method? Alienating three of the largest voting blocks in America, which were previously up for grabs.
First of these are women and the men who love them. With its inexplicable attacks on women's health issues, capped by Rush Limbaugh's tirade of abuse against a dignified, soft-spoken woman law student, the GOP has offended far more than women. Men too are concerned about the health issues of their wives and daughters, and independents don't like crazies. The GOP is not even smart enough to give the uproar a chance to die away.
Instead, the House is pursuing legislation allowing employers to limit health insurance coverage under the Affordable Health Care Act by merely invoking "moral" beliefs. Not only is contraception coverage affected, but what about coverage for unwed mothers? HIV? Vaccinations? Drug addiction treatment? Organ transplants? It's easy to see how any employer could come up with an objection to almost any aspect of health care. Meantime, Obama has picked up by ten points with women and by some unpolled number among men who care about their women. He has also gained with independents. The GOP has kissed the gals & their pals goodbye!
Second, the GOP is on the wrong side of demography. In about eight years the Millennial generation will constitute ONE-THIRD of the electorate. The Democrats are far more popular with this age group than are the GOPers. This generation is astonished at the GOP's out-of-date anti-female, racist, and anti-gay fixations.
They are also appalled at the anti-science attitude espoused by the GOP. For the young, climate change and other environmental issues are extremely important. They are an educated generation, and they have more at stake than anyone in the future of our physical world.
Third, the GOP has chosen to alienate the Latino community, the fastest growing ethnic segment in America. Playing on the fears held by a shrinking, white, under-educated blue collar and rural population, the GOP has seemingly gone out of its way to terrify Latinos. In one of the stupidest moves imaginable, Mitt Romney went to Arizona a couple of weeks ago and announced that he embraces the "Arizona model" of laws that are designed
to harass anyone who even looks Latino. This is to be done in the name of capturing "illegal aliens". Law officers can stop anyone they "suspect" could be an illegal. Latinos in this country are not monolithic on the issue of illegal aliens, but they sure as hell are of one mind about being pulled over because of how they look! The bizarre thing is that Romney made this stupid gesture when he absolutely didn't need to in order to secure a victory in the Arizona GOP primary. He was leading Santorum by a country mile in Arizona, and Santorum had virtually no campaign in the state. Gratuitous stupidity, Romney! Until then, Romney had kept something of a distance from the GOP anti-Latino drum-beating. Now he's the drum major!
Somewhere a group of clever and powerful GOP thinkers are gathered in a secret room dreaming up ideas for killing their own party. How else explain the persistent GOP effort to alienate every group in sight? We Democrats could never think up comparably clever ways to kill off the GOP.
Well, apparently we don't have to tromp the GOP. That's all taken care of. All we have to do is be sure to get our fellow Dems out to vote. And keep fingers crossed that the economy doesn't re collapse, that gasoline doesn't go anywhere near $5 a gallon, and that Iran and Israel don't go to war. Also, please, no economic collapse in Europe, no tsunamis interrupting the chain of parts supply, no BP oil spills, no terror attacks on "the homeland", no scandals in the administration, and no decision by the US Supreme Court to throw out the Affordable Health Care Act.
That's a lot to hope for.
But who could ever have hoped that the GOP would relentlessly march down a road of its own design that can lead only to its demise?
Somewhere over the rainbow skies are blue,
and the dreams that you dare to dream really do come true.
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