Boehner's 'plan B': Tax cuts for the rich, tax hikes for the poor
The nonpartisan Tax Policy Center has just completed a new analysis of John Boehner’s “plan B” fiscal proposal, which would raise taxes only on income over $1 million. The analysis makes it pretty clear just how ludicrous it is for House Republicans to be expecting Obama to agree to it.
The new analysis sheds fresh light on just how tiny a slice of taxpayers would see a tax hike under Boehner’s plan. It also reveals in new detail just how many households that are very wealthy (but make under $1 million) would actually see their taxes go slightly down.
The basic findings: Nearly half of households in the top one percent would see a small tax cut under Boehner’s plan. Meanwhile, lower and middle income households would see a tax increase under his plan (more on this later).
The key table you want to look at is right here. It shows that 48.3 percent of households in the top one percent would see their taxes go down by an average of $240. Those are people who make between $521,000 and $1 million. Only 28 percent of those in the top one percent (the ones with the highest incomes) would see a tax hike, of around $97,000.
his idiotic proposal up for a vote before it's fact checked out of existence.
The only reason he floated this thing was to try to place blame on Obama when his inability to actually negotiate a real deal goes down in flames. He and his moronic minions figure that a vote, any vote, will move the ball back into Obama's court but they continually forget that the news cycle is now a lot faster than it used to be and most people will know the actual content of a potential bill before he even gets a chance to put it on the floor.
The Oompa Loompa knows he can't get any deal through his teabagging caucus and he's worried enough about his job that he refuses to cut a deal that will bring Democrats on board so he tries this kind of maneuver out of the 70's to place the blame for his epic failure as Speaker and, what the hell, a man on the opposition.