Republicans walk out of budget talks over taxes

[whirlygigspin]

Source: Reuters

"Vice President Joe Biden and a handful of lawmakers had been working on a budget-cutting deal that would allow Congress to sign off on continued borrowing, but Republicans quit unexpectedly after saying the group had reached an impasse over tax increases sought by Democrats.

"It is time for the president to speak clearly and resolve the tax issue," said House Majority Leader Eric Cantor, who had represented House Republicans in the talks. Republican Senator Jon Kyl also pulled out.

An agreement would give lawmakers political cover to raise the $14.3 trillion debt ceiling before August 2, when the Treasury Department has said it will run out of money to pay the country's bills.

Negotiators had reached tentative agreement on more than $2 trillion in cuts covering wide swaths of the federal budget, according to an aide familiar with the talks, affecting health programs, annual spending, benefits like farm subsidies and tuition aid, and automatic limits on future spending.






Read more: http://www.reuters.com/article/2011/06/23/us-usa-debt-cantor-idUSTRE75M3SA20110623

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...but when they mentioned actually paying their taxes, these fucking parasites ran for the exits...oh no, we can't cut the Oil subsidy, or the ethanol subsidy, you know, one day the world will run on corn, just you wait, it's a comin' and you know, we need to keep shitting out billions to the war machine, so the old boys can keep their racket going...and they need the money more than you, and they create jobs! so they shouldn't pay tax, oh and yeah, let everyone sneak all their offshore money back in while your at it, just for fun.

[SpiralHawk]

1. Quittery is a Republicon Family Value

Quittery and Chickenhawkery.

Ptooooey.

[louis-t]

2. Stop blaming Obama, Boner.

"It's time for the president..." to give you what you want. That's all you're saying. Asshole.

[libmom74]

3. If Obama or the Democrats in Congress

had spines they would go out and hammer on this day in and out, refuse to cut anything from vital programs unless the Repukes agree to raise taxes on the wealthy, big banks and wealthy corporations and campaign on the Republicans holding the full faith and credit of the US economy hostage in order to give more tax breaks to the wealthy.

[RC]

5. But the wealthy, big banks and wealthy corporations don't want their taxes raised.

So, here we are. Nothing will happen until their person-hood is revoked. And that won't happen with the current crop of welfare queens running things.

[SnowCritter]

4. More Republican dumassery

"It is time for the president to speak clearly and resolve the tax issue," said House Majority Leader Eric Cantor, who had represented House Republicans in the talks. Republican Senator Jon Kyl also pulled out.

Eric, Eric, Eric. I think the President has been clear enough - we need to raise taxes on those Americans who can most afford to pay them.

[Hubert Flottz]

6. Eric the RADical is as bat shit crazy as Sarah Palin or Ann Coulter

ever dared to be. He wants his face on the TV 24/7 like Sarah and Ann Coulter.

He wants to be SuperBaBaBaBaGGer!

Eric the Rad could give a f*ck less about what's good for the USA...it's all about Eric...you know the tripe.

[Roy Rolling]

7. they were just seat warmers

in the first place...they were not there to negotiate, they were there to tell people they were fighting for lower taxes. To those of us who remember, that sounds like a broken record.

[groundloop]

8. Eric Cantor refuses to eliminate SPECIAL INTEREST EARMARKS

The publicans and M$M keep saying "tax increase" when most of what they're really talking about is eliminating earmarks (tax loopholes) for the super wealthy and big business. They're so damned underhanded in how they frame the debate, and so many people unfortunately buy into it.

[jmowreader]

14. It's not that

First, earmarks and loopholes are not the same thing. Earmarks are what the people who don't like them used to call pork: spending targeted for a particular district and requested by a particular member of Congress. The Gravina Island Bridge is an example of an earmark. Loopholes are targeted tax deductions--most of them to induce a particularly desirable behavior like replacing industrial equipment.

Any reasonable person will tell you the same thing: regardless of what you think about earmarks, loopholes or whatever, the simple fact is the tax rates on the wealthy are too low.

The other reality is, the loopholes were what made the 90-percent tax rates we used to have more palatable to the people liable to them. Loopholes do a couple of things you haven't considered. First, they engender more-socially acceptable financial behavior in the rich. These things aren't free; you have to spend money in certain ways to be eligible for them. Take the depreciation on a new truck: by allowing a company to write off the price of a truck over a period of years, it encourages companies to buy new trucks...which keeps the people at the truck factory working...and puts the old truck, which is probably still a good truck, on the used market so another driver can trade in his worn out one...and also cuts down on pollution, accidents and fuel consumption. The OTHER thing they do is force the rich to not hoard money so badly. A few days ago there was a thread about the CEO of the biggest dairy company in America, who earns something like $40 million per year (most of it in stock), owns a house in Dallas and another in Colorado which he travels between on a $10 million airplane...you didn't see that shit in the 1950s and 1960s because low-level rich people like the milk guy made damn good and sure to keep their incomes reasonable enough it wouldn't cause the IRS to come in. Thanks to Saint Ronnie, who thought a dollar was only good if it belonged to a rich Republican, they don't do that anymore.

Fuck it all: dig out Nixon's tax code and reinstate the SOB after adjusting the numbers for inflation.

[AsahinaKimi]

9. What a bunch of spoiled little brats they are...

They don't belong in Congress, they belong in diapers. edited to say: REPUBLICANS suck.

[Avant Guardian]

11. When they have done similar in the past they have been rewarded by Obama

They know from past experience that all they have to do is threaten to 'shoot the hostage' and they get whatever they want.

[DCBob]

12. its not wise to play chicken with lunatics..

best to try to manipulate them into thinking they got what they wanted when in reality they didnt.

[Avant Guardian]

13. No, I would just put the ball in their court

"We will not negotiate with blackmailers"
"We will not bow down to terroristic threats"

[DCBob]

10. Sounds like TDS..

"Tax Derangement Syndrome"