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Mon Dec 31, 2012, 07:00 PM

The 250K pledge is important

The 250K pledge is important

by kid oakland

I want to keep this short and sweet.

Nothing tells us more about the state of politics right now than the emerging Biden-McDonnell deal to extend Bush tax cuts on income between $250K and $450K per year. (That's tax cuts on income between $20,800 and $37,500 per month, for those keeping score at home.)

Obama, Biden and the Democratic Party now seem prepared to turn their backs on the simplest, clearest campaign promise of the last five years, a campaign promise that Obama won two national elections espousing:

That the Bush tax cuts should expire on income over $250K per year.

Every day when I drive to work through West Oakland I see men in rags collecting cans.

Most of them are my age, and most of them are African-American.

They aren't alone. 1 in 4 children in America lives in poverty. In 2010, 9.2 million families, and 46.2 million Americans lived in poverty.

We've chosen this as a society. Homelessness. Extreme poverty. Children who go without.

32 years after Reagan cut the social safety net and two decades after Clinton passed NAFTA, this is clear. We know what it looks like.

It's us.

You can hardly go anywhere nowadays without stopping at a chain store, filled to the brim with retail employees. Many of them are young, bright people. They didn't go through our educational system to work at Starbucks or Payless or Target or Cabela's, but, there they are.

As a society, we've chosen that, too.

The Republicans say the answer to all of this is to give more money to Mitt Romney's of the world and to cut expenditures on the least of us, asking seniors to work into their late 60s and accept a reduced retirement.

Democrats disagree. (Or at least I thought we did.)

We held an election in which we told the nation that we think that income over $250,000 per year, or $20,800 per month, should be taxed at a more equitable rate and that those funds should be used to grow our economy and protect those in need. And we won.

Apparently, now, we are backing off that.

Apparently, now, we are backing off that.

Now the Democratic position is that we should give slightly less money than the GOP to the Mitt Romneys and Bill Clintons and Barack Obamas of the world, and there should be "shared sacrifice."

46.2 million Americans living in poverty, including 1 in 4 of our children, already know what sacrifice means.

What they need, right now, is not more empty promises or last minute sleights of hand that create carve outs that put money in the pockets of multi-millionaires.

They need jobs. Jobs we can create by fixing roads and bridges and building schools and investing in clean energy infrastructure.

Jobs, that are, in fact, long overdue.

The $250K campaign pledge was a clear, simple promise.

Obama said he supports extending Bush-era tax cuts for everyone making under $200,000, or $250,000 for couples. He had agreed in 2010 to a two-year extension of the lower rates for all taxpayers.

But that extension ends on Dec. 31, and Obama has said he would let the top two tax rates go back up 3 to 4 percentage points to 39.6 percent and 36 percentóand raise rates on capital gains and dividends for the wealthy.

Going back on that modest pledge not only makes no sense, but it sends a clear message to every activist who knocked on doors, made phone calls and turned out voters all while explaining this simple campaign pledge for fairness in our tax code.

I am left wondering if there are Democrats in Congress principled enough to stand up and say.

Not now, not this time, Mr. President. This time things are going to be different. America can't wait to take much needed first steps towards economic justice.

http://www.dailykos.com/story/2012/12/31/1175187/-The-250K-pledge-is-important



Note:

Kos Media, LLC Site content may be used for any purpose without explicit permission unless otherwise specified



43 replies, 3211 views

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Arrow 43 replies Author Time Post
Reply The 250K pledge is important (Original post)
ProSense Dec 2012 OP
graham4anything Dec 2012 #1
ProSense Dec 2012 #2
graham4anything Dec 2012 #5
ProSense Dec 2012 #6
graham4anything Dec 2012 #7
ProSense Dec 2012 #9
Tuesday Afternoon Dec 2012 #17
kentuck Dec 2012 #20
SammyWinstonJack Dec 2012 #23
Skittles Dec 2012 #4
Egalitarian Thug Dec 2012 #11
RomneyLies Dec 2012 #8
CranialRectaLoopback Dec 2012 #15
former_con Dec 2012 #25
Angry Dragon Dec 2012 #3
L0oniX Dec 2012 #10
kath Dec 2012 #12
bigtree Dec 2012 #13
nineteen50 Dec 2012 #14
kelliekat44 Dec 2012 #16
Robb Dec 2012 #22
Honeycombe8 Dec 2012 #26
kelliekat44 Jan 2013 #39
In Truth We Trust Dec 2012 #18
Atticus Dec 2012 #19
railsback Dec 2012 #21
Honeycombe8 Dec 2012 #27
Coyotl Dec 2012 #31
railsback Jan 2013 #42
JoeDuck Dec 2012 #35
railsback Jan 2013 #43
high density Jan 2013 #40
former_con Dec 2012 #24
Myrina Dec 2012 #30
Honeycombe8 Dec 2012 #28
gto Dec 2012 #29
Omaha Steve Dec 2012 #32
NewEngland4Obama Dec 2012 #33
former_con Dec 2012 #34
Honeycombe8 Jan 2013 #37
former_con Jan 2013 #41
Demo_Chris Jan 2013 #36
Arcanetrance Jan 2013 #38

Response to ProSense (Original post)

Mon Dec 31, 2012, 07:03 PM

1. yawn. How did that Ralph Nader thingy work out in 2000 for the whiners then?

 

Nader kept maybe 10 million voters from wanting to vote with his crazy rants on both are the same and his hatred of Al Gore (rivalling Ross Perots personal grudge against 41).

Nader threw the election to the repubs and was happy about the outcome

just a reminder, timely at that.

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Response to graham4anything (Reply #1)

Mon Dec 31, 2012, 07:09 PM

2. How's the weather on Mars?

Seriously, looking forward to your return.

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Response to ProSense (Reply #2)

Mon Dec 31, 2012, 07:17 PM

5. you remind me of the writing of

 

Manohla Dargis

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Response to graham4anything (Reply #5)

Mon Dec 31, 2012, 07:19 PM

6. You remind me,

and likely everyone else, of the space between Rand Paul's ears.





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Response to ProSense (Reply #6)

Mon Dec 31, 2012, 07:24 PM

7. yet another ad hominem how quaint

 

one after another

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Response to graham4anything (Reply #7)

Mon Dec 31, 2012, 07:27 PM

9. Why are you allowing this thread to

distract you from your primary concern: http://www.democraticunderground.com/10022105952



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Response to ProSense (Reply #6)

Mon Dec 31, 2012, 08:26 PM

17. honestly ProSense (and I have thought this for some time now) he vaguely reminds me of

Random Thoughts . . .

because when I am through reading one of his posts I always think that

I am due beer and travel money and many good experiences.

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Response to Tuesday Afternoon (Reply #17)

Mon Dec 31, 2012, 08:39 PM

20. Oh my!

I wish you hadn't reminded me of that person. I think he was in an institution.

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Response to ProSense (Reply #6)

Mon Dec 31, 2012, 08:44 PM

23. ...

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Response to graham4anything (Reply #1)

Mon Dec 31, 2012, 07:16 PM

4. LOL

wow, you truly are desperate

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Response to Skittles (Reply #4)

Mon Dec 31, 2012, 07:33 PM

11. Desperate and despicable. This is entirely representative of the biggest problem we have faced for

 

half a century. Americans that have changed from, "we're all Americans and we're all in this together", to "I've got mine, fuck everybody else". The vocal minority position of "I'm completely willing to sacrifice you for the chance that I'm going to win".

The people that can't feed their children, "To bad for them if it means I have to pay another $50 in taxes every week". "Your kids are graduating HS without the ability to reason and with no knowledge of art, music, history, or mathematics, well fuck them and fuck you. You should have sent them to a private school like I do."

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Response to graham4anything (Reply #1)

Mon Dec 31, 2012, 07:27 PM

8. You really have no clue whatsoever, do you?

 

Seriously, none.

No. Clue. Whatsoever.

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Response to graham4anything (Reply #1)


Response to graham4anything (Reply #1)

Mon Dec 31, 2012, 08:49 PM

25. Are you somehow insinuating that...

a principled stand on a measly 250K bottom bracket is whining and going to cost Democrats seats in congress? Really?

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Response to ProSense (Original post)

Mon Dec 31, 2012, 07:11 PM

3. However, the Job Creators have signed a pledge to create 20 million

living wage jobs, if Obama raised the bottom number, in 2013

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Response to ProSense (Original post)

Mon Dec 31, 2012, 07:32 PM

10. Lesson learned: Promises are for suckers. n/t

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Response to ProSense (Original post)

Mon Dec 31, 2012, 08:07 PM

12. Aw, c'mon. You don't seriously expect President Obama to do what Candidate Obama promised, do you?

They're two totally different entities.

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Response to ProSense (Original post)

Mon Dec 31, 2012, 08:08 PM

13. maybe, but $450,000 isn't much worse

handwringing bullshit

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Response to ProSense (Original post)

Mon Dec 31, 2012, 08:13 PM

14. So

the monthly income of someone making $250,000 a year is great than the average yearly social security recipient's $15,000. Yep they need a tax break.

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Response to ProSense (Original post)

Mon Dec 31, 2012, 08:17 PM

16. I don't recall Obama making a $250,000 "pledge."

I know that is where he wanted the tax cuts but I believe that was a point from which he could negotiate. Some Dems are as bad as the GOP who want it all or nothing...hurting many people in the process.

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Response to kelliekat44 (Reply #16)

Mon Dec 31, 2012, 08:41 PM

22. It's conflating with the "if you make 250k or less, your taxes will go down" bit.

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Response to kelliekat44 (Reply #16)

Mon Dec 31, 2012, 09:08 PM

26. That's how I recall it. I ALWAYS expected the $250k to go up, that it was a negotiation starting

point.

I've said so here in DU several times. I ALWAYS thought he was really going to go to $500,000, if necessary, so he's gotten a better deal that I expected.

You never START negotiations with your end figure. $250k was the starting point.

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Response to Honeycombe8 (Reply #26)

Tue Jan 1, 2013, 10:58 AM

39. Thank you! nt

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Response to ProSense (Original post)

Mon Dec 31, 2012, 08:26 PM

18. Excellent OP Prosense. Thank you. In another thread many people seem to be saying

that the 250k threshold is "just a starting point in the negotiation process" and claiming I am naive for not accepting that premise.

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Response to ProSense (Original post)

Mon Dec 31, 2012, 08:41 PM

21. $450k is fine

 

These are not the millionaires and billionaires hoarding gobs of cash in tax free havens.

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Response to railsback (Reply #21)

Mon Dec 31, 2012, 09:09 PM

27. +1.

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Response to railsback (Reply #21)

Mon Dec 31, 2012, 09:21 PM

31. Actually, you want to know the specifgics instead of this generality stanch because

the difference between $250,000 and $450,000 is a significant chunk in actual treasury dollars. You want to express this not as good idea or bad idea but tell us the actual percentage drop in revenue that $450,000 threshold means.

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Response to Coyotl (Reply #31)

Tue Jan 1, 2013, 10:20 PM

42. $450k isn't that much in today's terms

 

And the way the Bush cuts were structured, those making up to $500k weren't benefitting that much as compared to those making $1 million +, who got whopping tax cuts.

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Response to railsback (Reply #21)

Mon Dec 31, 2012, 09:58 PM

35. The millionaires and billionaires get the same tax cut

The way I understand income taxes, even someone earning billions of dollars gets the same tax cut. The cut would apply to the first $450,000 of income, no matter if the total salary was much higher than that. In other words, all those wealthy people we all seem to dislike get the same tax relief as the middle class. They do, however, wind up paying more on earnings about the $450K level.

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Response to JoeDuck (Reply #35)

Tue Jan 1, 2013, 10:25 PM

43. Yes, everyone gets the same cuts up to $450k (married)

 

The trick now is to clamp down on those off shore tax havens, and create some seriously generous tax incentives to get that money flowing through OUR system, not in some foreign country. That's what Clinton did.

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Response to railsback (Reply #21)

Tue Jan 1, 2013, 11:01 AM

40. The revenue we gave up is negligible anyway. The GOP was fighting for ~$1500 in tax cuts per year

for this group of families.

However, it still leaves me annoyed that the GOP gets away with this nonsense.

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Response to ProSense (Original post)

Mon Dec 31, 2012, 08:45 PM

24. It is true that Democrats

should stick to principles because the Right loves it when this side caves in, furthermore this whole debate is about pennies really we are talking about a 5 percent tax increase on the very wealthy that is nuts, that won't even give Obama enough money to pay for spending increases over the next 10 years what we really should be talking about is serious tax increases, this country is facing a financial threat bigger than any threat from any War in our history the tax rate called out in 1942 by FDR was 94 percent marginal income tax rate and he lowered the top bracked from a million down to 200K So truely the rich paid a fair share of their income to sponsor the War the countries very survival depended on it.... Today I argue we face the same threats.... How can we even be considering messing with programs that the most vulnerable among us depend on to live in favor of allow the fat cats to get fatter and fatter, It is time for a truly patriotic call for those with the means to pay the most to get this country back on an even keel. If we keep going down this dysfunctional road of beleiving the rightwingers meme of government spending being the problem than we are going to hurt the most vulnerable.

If the choice is do nothing and face ultimate collapse of the currency or force the richest to pony up and pay their real fair share than that is exactly what we the people should be demanding...

Why aren't we talking about a VAT?
Why aren't we talking about wealth tax?
Why aren't we talking about a banking or trading transaction tax?
How about a massive yearly tax on people that want to "bear arms" 5k per yearly renewable license, no infringement on your rights just pay whats due?
Seems to me that the moderates are the ones that will be pulling us ultimately toward paying this debt on the backs of the elederly and the poor.... and that really sucks.

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Response to former_con (Reply #24)

Mon Dec 31, 2012, 09:19 PM

30. +1000

Thank you.

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Response to ProSense (Original post)

Mon Dec 31, 2012, 09:12 PM

28. I ALWAYS thought the $250k would go up, that it was a negotiating starting point.

You never start negotiations with the number you're prepared to go to. You start with what you wish.

I always thought the $250,000 was a wish, but that it was a starting point to use for negotiations. I expected him to go up to maybe $500,000, so he's gotten a better deal on that point than I thought he would.

It wasn't a promise. When Obama says he thinks something should be this way or that way, he's not making a promise. He's saying that's what he'll shoot for. But he's not a dictator. There are hundreds of other politicians who have to agree.

I'm okay with $400,000/$450,000. I would WISH for a lower threshold, but this is a negotiation. Neither side gets what it wishes for.

As long as the CPI affecting Social Security isn't in there...I haven't heard about that, yet. Now THAT would get me upset.

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Response to ProSense (Original post)


Response to ProSense (Original post)

Mon Dec 31, 2012, 09:44 PM

32. It has not always been like this


http://thinkprogress.org/politics/2011/03/03/147994/unions-income-inequality/



By Zaid Jilani on Mar 3, 2011 at 9:55 am

Across the country, right-wing legislators continue their attack on labor unions, claiming that they are saving their states money. Yet in waging these anti-labor campaigns, these politicians are ignoring one very simple fact: unions were a major force in building and sustaining the great American middle class, and as they declined, so has the middle class. As CAPís Karla Waters and David Madland showed in a report they first published this past January, as union membership has steadily declined since 1967, so too has the middle classís share of national income, as the super-rich have taken a larger share of national income than any time since the 1920s:

FULL story at link.

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Response to ProSense (Original post)

Mon Dec 31, 2012, 09:48 PM

33. it was only a starting point. Obama had to compromise a little. Don't sweat the small stuff!!!!

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Response to ProSense (Original post)

Mon Dec 31, 2012, 09:56 PM

34. In Case You Missed It...

Cliff averted Obama caves in to 450K and above tax hike... Had he done nothing he could have generated nearly twice the revenue... You see now this is nothing more than distractions...

http://news.msn.com/politics/update-white-house-gop-reach-a-deal-on-the-fiscal-cliff

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Response to former_con (Reply #34)

Tue Jan 1, 2013, 10:13 AM

37. But the revenue generated would've come from those who could least afford it.

There's a difference.

I personally think it would've been better to go over the cliff. But I'm not in charge. If this deal is approved, we can move on.

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Response to Honeycombe8 (Reply #37)

Tue Jan 1, 2013, 04:14 PM

41. Yes not yet anyway

but how is it going to look the Pubbies are now going to go on the offensive and say look we gave Obama what he wanted, we taxed the rich but the deficit is still over a trillion per year, they will demand increasingly painful cuts to SS and Medicare and they will demand the Democrats give in....

Personally I think this is all one big game that they are all up there laughing at us as they play in this Kabuki theater...

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Response to ProSense (Original post)

Tue Jan 1, 2013, 04:17 AM

36. Great article

 

We choose what we want from society. This is what we have chosen.

I never thought that I find support for this here.

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Response to ProSense (Original post)

Tue Jan 1, 2013, 10:32 AM

38. I have to agree with this article my father is on social security he makes 789 a month that's 9,468

Yearly. Meanwhile people making $250,000 a year or Monthly $20,833 tell me why do those people need anymore relief when there are people making less yearly than what they take home in a month. I think this is a terrible deal and it just postpones the eventual pain that those in power plan to inflict on the rest of us and I include the president that my father and I both voted for twice.

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