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Are the Bush tax cuts gone permanently next year?

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:32 PM
Original message
Are the Bush tax cuts gone permanently next year?
I need to know
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:33 PM
Response to Original message
1. Don't bet the farm on it. n/t
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Nimrod1 Donating Member (25 posts) Send PM | Profile | Ignore Sun Jul-31-11 08:34 PM
Response to Original message
2. Yup, so are unemployment benefts.
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AlabamaLibrul Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:34 PM
Response to Original message
3. Permanently gone until they are extended n/t
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Botany Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:34 PM
Response to Original message
4. yup!
not unless the congress during an election year or in a lame duck session votes to extend them and Obama signs the bill they
will be gone.
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Tx4obama Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:34 PM
Response to Original message
5. So far, YES. They expire December 31, 2012.
And Obama will still be president until at least January 20, 2013 - so he will have veto power.

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NYC_SKP Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:35 PM
Response to Reply #5
9. All the more reason to work our asses off to have a Dem Congress and Obama.
Pretty simple.
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LonePirate Donating Member (898 posts) Send PM | Profile | Ignore Sun Jul-31-11 08:37 PM
Response to Reply #9
14. We had Dem majorities in the House and Senate and Obama still signed their extension
The chances of them being extended again next year (or in early 2013) are pretty much 100%.
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Tx4obama Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:53 PM
Response to Reply #14
24. NO. We did NOT have the 60 votes it takes in the Senate for cloture.
Edited on Sun Jul-31-11 08:53 PM by Tx4obama

Just about everything that is done in the Senate takes 60 'yes' votes for cloture,
due to GOP obstruction.

Since Obama was sworn in we had 60 democratic senators in the Senate for a total of only 49 days.

Senator Franken was sworn in July 2009 and Senator Kennedy died August 2009 - that makes 49 days!

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LonePirate Donating Member (898 posts) Send PM | Profile | Ignore Sun Jul-31-11 08:55 PM
Response to Reply #24
27. We only needed 41 to keep the extension bill from passing. Obama also should never have signed it.
Edited on Sun Jul-31-11 08:58 PM by LonePirate
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Tx4obama Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:58 PM
Response to Reply #27
29. You try again.

We did not have 60 dem votes in order to extend the Unemployment Benefits.

The GOP held the Unemployment Benefits hostage until they got the the Bush tax cuts extended.

It all comes down to the dems not having the 60 votes needed to override the GOP bullshit!

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Logical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 09:04 PM
Response to Reply #29
36. And the Dems refusing to call their BLUFF on anything! n-t
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LonePirate Donating Member (898 posts) Send PM | Profile | Ignore Sun Jul-31-11 09:11 PM
Response to Reply #29
37. If that bill had not been signed into law, we would not be having this debt crisis mess right now
The Rs couldn't complain about the deficit if had dropped in half from the previous year.
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Bluerthanblue Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:39 PM
Response to Reply #9
16. agreed!!
:hi:
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durablend Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:37 PM
Response to Reply #5
12. Ah yes just like he killed them last year
Oh right....
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:34 PM
Response to Original message
6. From what I understand, unemployment benefits end at that time, as well
Put 2+2 together.
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:37 PM
Response to Reply #6
13. Worked once, it will work again
it's Charlie Brown time.
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LonePirate Donating Member (898 posts) Send PM | Profile | Ignore Sun Jul-31-11 08:41 PM
Response to Reply #6
17. No, unemployment benefits end on Dec. 31, 2011.
We got one year of unemployment benefits while they got two years of tax cuts. That's another example of Obama's superb negotiations and deal making skills.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:52 PM
Response to Reply #6
23. Wrong. It was 2 years tax breaks for 1 year unemployment
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TheKentuckian Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:59 PM
Response to Reply #6
31. Nope, UI was just for a year. Another round of hostage negotiation is on.
No we traded like 750 billion in tax cuts for sixty in unemployment benefits that only carried a year and left the 99ers in the cold.
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RegieRocker Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:35 PM
Response to Original message
7. Nothing is permanent. Nothing.
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:35 PM
Response to Original message
8. Yes, definitely. Obama said so.
Hahahahahahaha!
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durablend Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:37 PM
Response to Reply #8
15. Yup, and he NEVER EVER lies! n/t
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:36 PM
Response to Original message
10. Closer to a year and a half, but yes. n/t
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QC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:36 PM
Response to Original message
11. Yes, unless the Republicans pressure Obama to keep them.
Then he'll fold faster than Superman on laundry day, as per usual.
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Ken Burch Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:42 PM
Response to Original message
18. NO
They will be with us forever, now. That's what our Republican president has now ensured. Happy, everybody?
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alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:47 PM
Response to Original message
19. Let's review the so-called "cave" on the Bush tax cuts
Edited on Sun Jul-31-11 08:47 PM by alcibiades_mystery
The possible results of last December's negotiations could have been

1) Unemployment extensions preserved, DADT repealed, Bush tax cuts expire for only those with more than $250,000 income, new tax plan passed for those with under $250,000 income

2) Unemployment extensions ended, DADT repealed, Bush tax cuts expire for only those with more than $250,000 income, new tax plan passed for those with under $250,000 income

3) Unemployment extensions preserved, DADT preserved, Bush tax cuts expire for only those with more than $250,000 income, new tax plan passed for those with under $250,000 income

4) Unemployment extensions preserved, DADT repealed, Bush tax cuts expire for everybody (over and under $250,000)

5) Unemployment extensions preserved, DADT preserved, Bush tax cuts expire for everybody (over and under $250,000)

6) Unemployment extensions ended, DADT preserved, Bush tax cuts expire for everybody (over and under $250,000)

7) Unemployment extensions preserved, DADT repealed, Bush tax cuts extended permanently

8) Unemployment extensions ended, DADT repealed, Bush tax cuts extended permanently

9) Unemployment extensions ended, DADT preserved, Bush tax cuts extended permanently

10) Unemployment extensions preserved, DADT repealed, Bush tax cuts extended temporarily (in various durations)

11) Unemployment extensions ended, DADT repealed, Bush tax cuts extended temporarily (in various durations)

12) Unemployment extensions preserved, DADT preserved, Bush tax cuts extended temporarily (in various durations)

Of those 12 option, Obama got #10.

Because he didn't get #1 (which is to say, every fucking thing we wanted), people say that he "caved."

I say that that's fucking bullshit.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:54 PM
Response to Reply #19
25. Bush tax cuts + 2 years, Unemployment +1 year
Thanks for not mixing social issues with economic ones, mkay? We had the votes for DADT without taxes.
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alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:54 PM
Response to Reply #25
26. The fuck we did
Filibuster all the way down without the tax cuts.

No revisionism, please.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:57 PM
Response to Reply #26
28. You run with that
:rofl:
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alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 09:01 PM
Response to Reply #28
33. Yeah, I will
I know your posse has been hard at work pretending that Obama didn't trade the tax cuts for DADT repeal and UI extension, but anybody who is HONEST amnd was around at the time knows that that's exactly what happened. He couldn't move them on the DREAM Act, which is unfortunate. But I'm sick of these fucking lies, and I'm gonna call them out whenever I see them. No extension of the tax cuts? Fine: the return to the old rate would apply to everyone - including those under $250,000, there would have been NO UI extension, and there would still be a DADT policy, and that's a fucking fact, and I dare you - I fuckin dare you - to show me in concrete terms how that's not true. Show me the fucking history.

Cute phrases be damned. This lie will be called out. Because it is a FUCKING LIE.
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:48 PM
Response to Original message
20. They kicked 2/3 of the can down the road.
I think that's going to be up to the SuperDuperBudgetCommittee
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andym Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:48 PM
Response to Original message
21. If they go, it will be likely both the middle class and rich versions of the Bush cuts. nt.
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JoePhilly Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 09:01 PM
Response to Reply #21
34. Correct.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:51 PM
Response to Original message
22. Unless another hostage 'crisis' comes up, they expire Jan 2013
I wouldn't hold my breath. Negotiate with terrorists and all you do is encourage and embolden them.
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blkmusclmachine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:58 PM
Response to Original message
30. .
:spray: :rofl:
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JoePhilly Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 09:01 PM
Response to Original message
32. Yes.
Obama can let those for the rich, and for the middle class expire, and doing so has no political consequence.

If he let those middle class tax cuts expire last December, his Presidency would have been over. He promised to not raise taxes on those making under 250k, and letting them all expire would have raised taxes on the 95% under 250k.

The media would have called it his "read my lips moment", and on DU, letting those middle class tax cuts would be used to prove he hates the middle class and that he let their taxes go up in the middle of a fragile recovery, just when they needed that money the most.

After he is re-elected, he can let both expire with no such repercussions.

In 2010, the Dem congress could have passed an extension of those middle class tax cuts. The decided not to do it. Too scared. Abd they got their butts kicked as a result. This would have been a winning issue in 2010.
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Motown_Johnny Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 09:02 PM
Response to Original message
35. Unless there is legislation passed to extend them, yes
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