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Mon Nov 12, 2012, 03:15 PM

GOP Is Ready to Throw Millionaires to the Tax Wolves

Staring down the fiscal cliff, Republicans are calling on a possible compromise with Democrats to increases taxes for Americans earning more than $1 million a year a policy first championed months ago by House Minority Leader Nancy Pelosi.

The lower tax rates first enacted under George W. Bush will expire at the start of next year, hitting the country with a potential $200 billion tax hike. President Obama was reelected last week on a platform that included keeping the lower income rates for Americans making less than $250,000 a year, which could increase federal coffers by $44 billion next year.
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more at http://www.thefiscaltimes.com/Articles/2012/11/12/GOP-Is-Ready-to-Throw-Millionaires-to-the-Tax-Wolves.aspx#ekHrde4yRcfVfp3z.99

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Reply GOP Is Ready to Throw Millionaires to the Tax Wolves (Original post)
Tony_FLADEM Nov 2012 OP
Angry Dragon Nov 2012 #1
Indykatie Nov 2012 #2
nadinbrzezinski Nov 2012 #3
RedCloud Nov 2012 #4
lindysalsagal Nov 2012 #5
librechik Nov 2012 #6
bluestate10 Nov 2012 #7

Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 03:24 PM

1. 70% USA 70% USA 70% USA

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Response to Angry Dragon (Reply #1)

Mon Nov 12, 2012, 03:39 PM

2. Capital Gains Tax Must Be Addressed Too

Are we even talking about that as part of the plan?

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 03:41 PM

3. Hold is...is that the dreaded compromise word

That people tell me is not possible?

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 03:42 PM

4. Why are they being called "wolves"? Why not tax rectifiers?

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 04:31 PM

5. I've been called worse things than a wolf. That all you've got?

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 04:39 PM

6. It's a good start--but that's not enough.

we want prosecutions of financila criminals and more equality across the board. They aren't ready for what we want.

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Response to Tony_FLADEM (Original post)

Mon Nov 12, 2012, 04:44 PM

7. If thet throw in Capital Gains tax reform in where the rate in increased to at least 20%,

I can get aboard, although I would like to see the increased tax rate applied to $400,000-500,000 incomes and above. The $400,000 is important because it would for sure include the President, which is an outcome that I think he surely wants.

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