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Sat Dec 15, 2012, 07:51 PM

Boehner pitches millionaire tax hike

Source: Politico

Boehner pitches millionaire tax hike

By JOHN BRESNAHAN, JAKE SHERMAN and CARRIE BUDOFF BROWN | 12/15/12 7:32 PM EST Updated: 12/15/12 7:35 PM EST

Speaker John Boehner has proposed allowing tax rates to rise for the wealthiest Americans if President Barack Obama agrees to major entitlement cuts, according to several sources close to the talks.

It is the first time Boehner has offered any boost in marginal tax rates for any income group, and it would represent a major concession for the Ohio Republican. Boehner suggested hiking the Bush-era tax rates for top wage earners, including those with annual incomes of $1 million or more annually, beginning on Jan. 1, two sources said.

Obama and Boehner spoke by phone Friday after a lengthy face-to-face session at the White House on Thursday. The quickening pace of private conversations between the two key players in the fiscal cliff standoff shows progress is being made in the negotiations, although they are not close to a deal yet, sources said.

Boehner also wants to use a new method of calculating benefits for entitlements programs known as “chained CPI,” which would slow the growth of Medicare and other federal health programs and save hundreds of billions over the next decade.







Read more: http://www.politico.com/story/2012/12/boehner-pitches-millionaire-tax-hike-85128.html?hp=bn

26 replies, 4340 views

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Arrow 26 replies Author Time Post
Reply Boehner pitches millionaire tax hike (Original post)
kpete Dec 2012 OP
Duer 157099 Dec 2012 #1
freshwest Dec 2012 #18
olddad56 Dec 2012 #25
ROBROX Dec 2012 #26
Xipe Totec Dec 2012 #2
TheDebbieDee Dec 2012 #3
ProSense Dec 2012 #4
xtraxritical Dec 2012 #14
freshwest Dec 2012 #19
Bonhomme Richard Dec 2012 #5
jtuck004 Dec 2012 #6
Myrina Dec 2012 #7
Crowman1979 Dec 2012 #8
johnnyplankton Dec 2012 #16
LeftInTX Dec 2012 #20
rgbecker Dec 2012 #9
cstanleytech Dec 2012 #10
A Simple Game Dec 2012 #17
BVictor1 Dec 2012 #11
grantcart Dec 2012 #12
Historic NY Dec 2012 #13
xtraxritical Dec 2012 #15
Volaris Dec 2012 #21
lexw Dec 2012 #22
Pretzel_Warrior Dec 2012 #23
jmowreader Dec 2012 #24

Response to kpete (Original post)

Sat Dec 15, 2012, 07:53 PM

1. His version of "shared" sacrifice

The millionaires "sacrifice" their table scraps while the poor sacrifice their lives.

Fuck him and all that are like him.

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Response to Duer 157099 (Reply #1)

Sun Dec 16, 2012, 12:20 AM

18. +1

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Response to Duer 157099 (Reply #1)

Sun Dec 16, 2012, 11:54 AM

25. are entitlement cuts not just another form of tax increase.

they are taking money from those who can least afford it, sort of the opposite of increasing taxes on those who can.

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Response to Duer 157099 (Reply #1)

Sun Dec 16, 2012, 02:47 PM

26. Consumer Price Index is CHAINED CPI

 

First, the Consumer Price Index doesn’t account perfectly for changes in product quality. For example, an average computer today might cost about the same as an an average computer cost last year, but today’s computer is better than last year’s computer in a number of ways that the CPI doesn’t account for. Similarly, the invention of new goods poses a challenge to the Consumer Price Index, since incorporating such goods into the basket while maintaining comparability over time can get quite tricky.

Second, the Consumer Price Index assumes that a household purchases the same basket of goods regardless of how the prices of those goods changes. In reality, however, households are probably smarter than this, and they likely substitute away from items that get disproportionately expensive to goods that got comparatively less expensive.

The crazy GOP is using a material standard applied to people who require MINIMUM things to survive which EFFECT peoples lives. I knew these people were crazy and that they NEVER think about what someone tells them to PROMOTE.

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Response to kpete (Original post)

Sat Dec 15, 2012, 07:55 PM

2. No. Keep trying, Boner. nt

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Response to kpete (Original post)

Sat Dec 15, 2012, 07:57 PM

3. What is this? An early April Fool's joke?

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Response to kpete (Original post)

Sat Dec 15, 2012, 07:59 PM

4. What a bunch of

It is the first time Boehner has offered any boost in marginal tax rates for any income group, and it would represent a major concession for the Ohio Republican. Boehner suggested hiking the Bush-era tax rates for top wage earners, including those with annual incomes of $1 million or more annually, beginning on Jan. 1, two sources said

...RW nonsense. How the hell is $1 million a "major concession"?

<...>

Boehner also wants to use a new method of calculating benefits for entitlements programs known as “chained CPI,” which would slow the growth of Medicare and other federal health programs and save hundreds of billions over the next decade.

The speaker’s offer does not include extending federal unemployment benefits, and it is unclear how it would address sequestration — the tens of billions in spending cuts scheduled to go into effect for the Pentagon and other federal agencies starting Jan. 2.

Sounds like Politico is shilling for Republicans again.



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Response to ProSense (Reply #4)

Sat Dec 15, 2012, 10:58 PM

14. Fuck Boehner, I'll pay higher income taxes - don't touch my SS or Medicare!

 

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Response to ProSense (Reply #4)

Sun Dec 16, 2012, 12:22 AM

19. Definitely. Don't fall for that pat on the back - it's got a knife in it.

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Response to kpete (Original post)

Sat Dec 15, 2012, 08:02 PM

5. Boner can go fuck himself. I have had it with all the bullshit. n/t

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Response to kpete (Original post)

Sat Dec 15, 2012, 08:05 PM

6. Taxes go up on the wealthy, leave our paid for benefits alone, start a program to employ a


number of of the 24 million people who say they want or need work with the Operation Twist money and the additional $40 billion a month being used to prop up wealthy, moneyed interests at the expense of the American people. I know, you say it's supposed to trickle. It ain't.

Then we will figure out what else we need and let you know.

Have a Happy Holiday.

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Response to kpete (Original post)

Sat Dec 15, 2012, 08:55 PM

7. I truly hope POTUS laughed at him & hung up.

Not only no, Mr. Boehner, but HELL no.

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Response to kpete (Original post)

Sat Dec 15, 2012, 09:42 PM

8. Maybe if Boehner drinks some more of that there whiskey, then who knows what he'll say next.

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Response to Crowman1979 (Reply #8)

Sat Dec 15, 2012, 11:17 PM

16. If Obama locked Boner in a room without any booze...

he'd get him to agree to socialized medicine to boot for a bottle. Let's play dirty.

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Response to johnnyplankton (Reply #16)

Sun Dec 16, 2012, 12:24 AM

20. ROFL

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Response to kpete (Original post)

Sat Dec 15, 2012, 09:54 PM

9. Balanced?

Chained CPI equals $300 Billion over ten years.

Let income over $250,000 return to 39% rate equals 1 trillion (1000 billion) over ten years.

OK kids...can you find the difference?

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Response to kpete (Original post)

Sat Dec 15, 2012, 10:00 PM

10. "Allowing"? The tax breaks were due to expire so there is no "allow" here other than

in his own mind.

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Response to cstanleytech (Reply #10)

Sun Dec 16, 2012, 12:03 AM

17. Exactly, and this was a Republican plan. President Obama should say

much as I want to, I will do nothing to stop your tax rates from expiring as the law you Republicans wrote states. Then we will discuss how to spend the windfall. Just the opposite of what you guys did the last time, remember?

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Response to kpete (Original post)

Sat Dec 15, 2012, 10:28 PM

11. Allow?

 

How's he to allow what's inevitable?

On January 1, the rates for everyone goes up.

Boehner needs to fuck off.

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Response to kpete (Original post)

Sat Dec 15, 2012, 10:39 PM

12. Just a face saving interim step. Boehner still cant get the Caucus behind him.



We will talk again on Jan 7th when the first paychecks start going up Boehner.


By January 15th we will get a much better deal.

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Response to kpete (Original post)

Sat Dec 15, 2012, 10:39 PM

13. Social Security is a payroll supported benefit - its not an entitlement.

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Response to Historic NY (Reply #13)

Sat Dec 15, 2012, 11:00 PM

15. Employers hate it because they pay half of it. Fuck em.

 

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Response to kpete (Original post)

Sun Dec 16, 2012, 01:19 AM

21. How is this BETTER than what is going to happen ANYWAY (that the GOP agreed to, btw)?

oh wait. Its NOT.

The only way Mr. Speaker can save his own ass is to actually GO OVER the curb. At least that way, he can say he's pushing to support a tax CUT for the Middle Class. Anything else, any other deal (wether it passes or not) he owns outright, and his TeaParty Caucus will nail him down to the tree and leave him to the crows.

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Response to kpete (Original post)

Sun Dec 16, 2012, 03:38 AM

22. Boehner's pitch is flat.

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Response to kpete (Original post)

Sun Dec 16, 2012, 04:00 AM

23. Hey, Orangey. Not just "no"

 

But goddamn fucking shit no".

Try again, loser.

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Response to kpete (Original post)

Sun Dec 16, 2012, 06:31 AM

24. No good, John

Millionaires pay flat 15 percent because when you're rich you can request payment in anything you want and, by and large, they ask for forms of payment taxed at 15 percent.

The Koch brothers woild have kittens but raising the capital gains rate to equal the corporate tax rate would eliminate the need to adjust ordinary rates.

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