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Sun Nov 11, 2012, 03:48 PM

Sunday best: Bill Kristol wants to raise taxes on millionaires


Shocker! Influential conservative says the GOP should be willing to raise taxes on millionaires and billionaires

BY ALEX SEITZ-WALD

With the election over, the hot new thing that all the cool kids on the Sunday political chat shows were talking about today was the looming fiscal cliff and what Congress should do about it — and you’ll be surprised by one recommendation.

The tax increases and government spending cuts set to go into effect early next year are so massive that they could plunge the economy back into recession, unless Congress figures out a less painful way to reduce the deficit. The argument has so far broken down along the predictable partisan lines that we’ve seen in countless congressional battles over the past few years. Democrats want a balance of spending cuts and tax increases, while Republicans insist on zero tax increases, and maybe not even a dime in new revenue increases of any kind.

But just as the election has chastened Republicans on immigration, it may be doing the same thing on taxes. Bill Kristol, the editor of the Weekly Standard and one of the most prominent establishment conservative voices in Washington, threw the door wide open to tax hikes as part of fiscal cliff negotiations today. “It won’t kill the country if we raise taxes a little bit on millionaires … It really won’t, I don’t think. I don’t really understand why Republicans don’t take Obama’s offer,” he said on “Fox News Sunday.”

He continued: “Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic and half of whom live in Hollywood and are hostile?” It’s a remarkable statement, coming from Kristol.

read more:
http://www.salon.com/2012/11/11/sunday_best_gop_open_to_raising_taxes/

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Reply Sunday best: Bill Kristol wants to raise taxes on millionaires (Original post)
DonViejo Nov 2012 OP
forestpath Nov 2012 #1
struggle4progress Nov 2012 #2
Trajan Nov 2012 #3
magical thyme Nov 2012 #4
sense Nov 2012 #5
John2 Nov 2012 #6

Response to DonViejo (Original post)

Sun Nov 11, 2012, 03:52 PM

1. He said "a little bit." So what does THAT mean? So little they won't even notice it...so little

 

that the rest of us will have to make up for it - and we will notice it.

That's what he means.

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Response to DonViejo (Original post)

Sun Nov 11, 2012, 03:53 PM

2. "Imma gone pretend to be a moderate now ferra while"

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Response to DonViejo (Original post)

Sun Nov 11, 2012, 03:53 PM

3. Nice ... I am loving this ....

It's great to be a Democrat these days .... The implosion of the GOP is a sight to behold ....

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Response to DonViejo (Original post)

Sun Nov 11, 2012, 04:03 PM

4. neocons are afraid to go over the fiscal cliff, which includes huge cuts to military

No more new toys! No more wars! The end to their dream of imperialist america taking over the world! The end of pnac!

The circular firing squad is about to begin. How long before Kristol is thrown under the bus by the norquist crowd?

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Response to DonViejo (Original post)

Sun Nov 11, 2012, 04:12 PM

5. Someone had to step up and start saying what they

all know is going to happen anyway. I don't like the guy either, but at least he's not continuing to posture about something that's not going to happen. The wealthiest aren't going to have to pay what they should, but they are going to have to pay more. They know the jig is up....

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Response to DonViejo (Original post)

Sun Nov 11, 2012, 05:14 PM

6. The

 

only one will go off the Cliff are the obstructionists. If they don't submit, they will lose everything. The only way they can survive as a Party is agree to our demands. Those demands are on fair taxes,a pledge to protect the Safety net which includes, support Education, invest in America, uphold your oaths for medicare and Social Security, and contribute to bringing down the Deficit. See, Grover Norquist isn't the only one can make ultimatums. And our stick is bigger.

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