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hfojvt

(37,573 posts)
4. I hate to ask (not really)
Fri Dec 5, 2014, 05:25 PM
Dec 2014

But just WHY do the CTC provisions even expire in 2017?

Because of Obama's Great Betrayal.

Anybody remember the Great Betrayal? Otherwise known as ATRA - the provision that made most of the Bush tax cuts for the rich - permanent.

Favorable treatment of dividends - permanent
lower tax rates for incomes between $100,000 and $400,000 - permanent
cuts to the estate tax - permanent

ten year projected cost of tax cuts to the richest 5% - $1.3 trillion.

And those tax cuts are - permanent.

Tax cuts for the poor - set to expire in 2017.

Remember how ATRA was sold to us? It was a great victory for Obama. Obama said so himself.

But yeah, sure, let's blame Republicans for the fact that those tax cuts aren't permanent. Because back when Obama had the frigging trump card - taxes set to AUTOMATICALLY go up on the rich, he folded like a cheap suit. Even AFTER his re-election. And then sold his Great Betrayal as a victory for the people.

It is a shame that so many have no idea how dangerous these policies are. nt okaawhatever Dec 2014 #1
Stupid is as stupid does NYtoBush-Drop Dead Dec 2014 #14
I have never known a country that hates it's poor like the USA Prophet 451 Dec 2014 #2
The New Fascists' goal is ultimately hifiguy Dec 2014 #3
We've seen this before Prophet 451 Dec 2014 #5
+1 freshwest Dec 2014 #10
Yeah, and we're the ones who are loudest about being a "'Christian' nation," too. calimary Dec 2014 #13
Too bad their fondness of American Exceptionalism doesn't extend to having the lowest number of Dustlawyer Dec 2014 #18
I hate to ask (not really) hfojvt Dec 2014 #4
I remember I was so bummed when this happened. airplaneman Dec 2014 #16
Why are these people in power again? BlueMTexpat Dec 2014 #6
All of those things are in play hifiguy Dec 2014 #7
I would suggest that those business owners who are so stumped that the people were not buying jwirr Dec 2014 #8
But they sure do understand what their owners want. n/t hifiguy Dec 2014 #9
But, isn't this what voters want to happen because someday they are going to be rich? world wide wally Dec 2014 #11
That's how it used to work. One party worked to provide opportunity, the other took it away. jtuck004 Dec 2014 #12
Classic "stinkin' thinkin".... Spitfire of ATJ Dec 2014 #15
I am willing to bet Money will be removed from those Veterans yuiyoshida Dec 2014 #17
Look up Dooh Nibor n/t aggiesal Dec 2014 #19
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