Obama deficit plan acknowledges a political reality

Washington Republicans are complaining that President Obama’s new $4.4 trillion deficit-reduction plan — complete with the “Buffett rule” to ensure a minimum tax rate for millionaires — makes no effort to court bipartisan support.

“Class warfare will simply divide this country more. It will attack job creators, divide people and it doesn’t grow the economy,” Rep. Paul Ryan said Sunday on Fox. “Class warfare may make for really good politics, but it makes for rotten economics.”

However, those complaints would be more credible if Republicans hadn’t themselves made it clear, over and over again, that they have no interest whatsoever in bipartisan solutions. Obama has finally concluded that since the GOP has no intention to negotiate, it’s time to draw contrasts, and the package put together by the White House does that quite well.

The Republicans advocate deficit-reduction plans that require absolutely no sacrifice whatsoever from those Americans who even in these times are doing quite well, while demanding hundreds of billions of cuts in programs that serve the poor, the unemployed, the elderly and those needing medical care. If those people are hurting in bad times like these, the GOP intends to hurt them a little more. It’ll be good for them. Really.

The Obama plan to be announced today takes quite a different tack. It would end the Bush tax cuts for couples making more than $250,000 a year, returning the top-end tax rate to 39 percent from its current 35 percent. It would ensure that millionaires pay at least the same effective tax rate as middle-class Americans, a proposal that Republicans call punitive class warfare.

How is it punitive class warfare to insist that the wealthy pay at least as much of their income in taxes as the middle-class does?

– Jay Bookman

931 comments Add your comment

Peadawg

September 20th, 2011
8:49 am

As for stupidest post ever, I nominate the pervert @ 8:19 saying, “He’s a better man than I” when you’re posting on this blog as a woman.

Normal

September 20th, 2011
8:49 am

Oh Joy, Peadawg has turned into GLL…can’t debate? Then insult. The GOP way…

Guy Incognito

September 20th, 2011
8:49 am

“Might be back if/when Jay’s got something new for us”

Yeah, what’s up, Jay”? Gotta be a juicy thread to take this long

The Leg Lamp is a “major award”….

September 20th, 2011
8:52 am

Keep Up the Good Fight!
September 20th, 2011
8:42 am

Yeah, and before long some pandering politician will probably come up with some lame brained story about being forced to make a corkscrew landing while under heavy enemy fire……..

The Leg Lamp is a “major award”….

September 20th, 2011
8:52 am

Guy Incognito
September 20th, 2011
8:49 am

He might be running out of “the GOP is evil and/or stupid” material.

Peadawg

September 20th, 2011
8:53 am

“Oh Joy, Peadawg has turned into GLL…can’t debate? ”

Whatcha wanna debate, Normal? I debated a good bit yesterday afternoon. I’m just waiting for a new blog…I said everything I wanted to say yesterday. Now we have “Granny” saying that Obama is better man than he/she/whatever is.

The Leg Lamp is a “major award”….

September 20th, 2011
8:54 am

Normal
September 20th, 2011
8:49 am

“Then insult. The GOP way…”

I didn’t realize Maxine Waters was in the GOP. Who knew? :shock:

Adam

September 20th, 2011
8:54 am

Again with the class warfare thing. You guys really don’t get it. It’s not class warfare, it’s class responsibility.

But Obama has got you this time. Frankly, you guys pushed and pushed your agenda so fast and so hard and across many states that now people are beginning to see who you are, and in fact they can see that much of what you say is hypocritical. And during the debt ceiling debate, you played your hand. Now that Obama has drawn his own line in the sand, and said “this far and no further,” you guys don’t know what to do with yourselves, so you fall back on the same old talking points, as though it will somehow help you.

The American public KNOWS it isn’t class warfare to ask for more from the rich. And the longer you guys stick to that phrase, the happier the Democrats and Obama will be. They’ll be laughing all the way to the White House, to more House seats, and to more Senate seats. So keep it up. Don’t listen to the American public. Think that you are right and push your agenda some more. Continue to say no to everything. You are exposed.

Guy Incognito

September 20th, 2011
8:54 am

Paul,

Here ya go

How Much is Buffett’s Berkshire Hathaway Back-Tax Bill Exactly? About $1 Billion
Posted on August 30, 2011 at 5:57pm – The Blaze

Granny Godzilla

September 20th, 2011
8:54 am

Peadawg

I appreciate a sensitive man.

Guy Incognito

September 20th, 2011
8:55 am

Leg,

Me thinks that he has a double-super-secret stash of material out back

The Leg Lamp is a “major award”….

September 20th, 2011
8:56 am

I just saw this breaking news headline on this page: “Clemency denied for Troy Davis”

Maybe Jay is going to bash Gov. Deal about this. Gotta keep that GOP hatred thing going.

jt

September 20th, 2011
8:57 am

The answer is simple…………Despite its inherent corruption..Washington just needs mo money………………

Despite all the attention given to federal income taxes, they represent only 42 percent of the total tax
burden Americans carry each year. There is at least $657.5 billion in additional “hidden” taxes—$2,642
per person—that is not visible to the taxpayers. If more Americans realized that their total tax burden
equaled 56 percent of annual personal consumption spending, there might be a second Revolution.
Unlike sales taxes that appear on a cash register receipt, hidden taxes are those charges that are not expressly
clear to the taxpayer. One example is fuel. The average price of a gallon of gas last August was
$1.49 and 43 cents of that amount represented taxes. That 37% tax rate does not appear on your receipt.
In recent years fuel taxes have become the fastest-growing federal tax imposed on middle-income Americans,
amounting to $220 a person.
“Sin” taxes are also great sources of revenue. For instance, tax revenues from liquor are many times
higher than the total profits of distillers. Nearly half the cost of a six-pack of beer is tax, and cigarette
taxes alone will generate $45 billion through fiscal year 2005.
There are also hidden taxes on a litany of products and services ranging from inoculations to firearms to
travel expenses. Almost half the cost of an $80 hotel room is tax as is 40 percent of a $159 airline ticket.
And the typical monthly utility bill includes 25% tax. With the rise in telecommunications subsidies and
Internet commerce, Americans will be feeling—but not necessarily seeing—even more of a tax bite.
Not all taxes are hidden in the cost of goods and services. Some are even more surreptitious. Payroll
taxes, including income tax withholding, “employer share,” and unemployment and workers’ compensation
taxes not only mask the true burden of paying taxes but also raise the cost of hiring workers, which
in turn actually lowers wages and conceivably threatens jobs.

The Leg Lamp is a “major award”….

September 20th, 2011
8:58 am

Adam
September 20th, 2011
8:54 am

Wake up, Adam, you’re dreaming.

Such A. Ttire

September 20th, 2011
9:01 am

He might be running out of “the GOP is evil and/or stupid” material.

HaHaHa! Now that’s funny. There are still too many Republicans around for that to happen.

(ir)Rational

September 20th, 2011
9:01 am

Adam – When did I become responsible for you? Or when did the wealthy become responsible for me? I don’t recall agreeing to either. I don’t think it is their responsibility to shoulder the load by themselves, and I don’t think it is right to ask them to, or act like they are evil simply because they earn more money than I do. Remove loopholes, remove deductions, and lower the tax rate across the board, but broaden the base to include everyone who earns even one penny. If more people had some skin in the game, they would probably be forced to solve the deficit problem much quicker because more people would be pissed at them about it, and understand the real issue isn’t a revenue problem but a spending problem. But as long as we have so many not paying income taxes, and getting more from the government than they put in, we’re not going to see this problem resolved.

Bosch

September 20th, 2011
9:02 am

I have no problem with the death penalty if there is no reasonable doubt, but in the Davis case, I think Luckovich’s cartoon yesterday said it all — the “doubt” in this case is as big as a mountain in the middle of the road.

There must be alot more to this than they are saying in the news.

stands for decibels

September 20th, 2011
9:02 am

Class warfare sheets, bitches.

The Leg Lamp is a “major award”….

September 20th, 2011
9:02 am

Such A. Ttire
September 20th, 2011
9:01 am

Mr. T,

I just thought he might be wanting to change directions and post another riveting blog about global warming, birthers, et al. :smile:

jt

September 20th, 2011
9:03 am

Can anyone imagine a 15 dollar bottle of GreyGoose.?
Obama,Paul Ryan and Barney Frank WILL NOT allow it.

Liquor Taxes: Not surprisingly, taxes on so-called “hard” liquor tend to be even more punitive. Combined
local, state, and federal taxes account for close to half (45 percent) of the cost of distilled spirits.
Tax revenues from liquor are many times higher than the total profits of distillers. As with beer taxes and
other sin taxes, distilled spirits taxes are regressive. According to one study, these taxes are five times
greater as a percent of income for lower-income families as for their higher-income counterparts.

Paul

September 20th, 2011
9:03 am

Guy

So…. it’s not Warren Buffet who owes a billion?

It’s Berkshire Hathaway?

A holding company?

Just a teensy tiny bit of difference, isn’t it?

Like the difference between Alan Mullaly owing taxes and Ford owing taxes?

Now add in it’s not really overdue, is it? Isn’t it still in dispute with the IRS?

Keep Up the Good Fight!

September 20th, 2011
9:05 am

Paul, I agree that is disconcerting. Even when the truth is pointed out, some still believe the lies and repeat them. Its a shame that there is not a greater social cost to the people who originate the lies.

Bosch

September 20th, 2011
9:06 am

“But as long as we have so many not paying income taxes, and getting more from the government than they put in, we’re not going to see this problem resolved”

That’s horse bollocks. We all benefit from govt. services, and they do most of them more efficiently than any private business could.

No one says, except wingnuts, that the “rich” are evil, it’s just a false argument to claim they create jobs, which is the main excuse given for not raising their taxes.

Keep Up the Good Fight!

September 20th, 2011
9:08 am

Ummm Leg, you do realize that in Georgia, the governor does not have the power of pardon. It’s vested in the Board. So your little GOP rant prediction truly fails.

(ir)Rational

September 20th, 2011
9:13 am

Bosch – Did I even allude to not raising taxes because they create jobs? No. I said, lets raise taxes on everyone by removing loopholes and deductions that allow roughly 50% of the country to get out of paying almost any income taxes, broaden the tax base, forcing everyone to have some ownership in the country, and then we can talk honestly about whether we have a revenue problem or a spending problem. My saying that there are people out there not paying anything in income taxes, and getting more from the government than they put in isn’t “horse bollocks” it is the truth. Yeah, we all benefit from government services, but if you take away entitlement programs, the guy down the street that pays $0 in income tax doesn’t benefit any less than I do. If you add in entitlement programs, and that is where he gets his income from, then he benefits a lot more than I do, and I pay taxes, yet his tax bill is still $0. So, let’s let EVERYONE pay something and then see how they feel about it.

Adam

September 20th, 2011
9:21 am

(ir)Rational: When did I become responsible for you? Or when did the wealthy become responsible for me?

By living here, you agree to pay taxes. Class responsibility is paying those taxes. So, they are not responsible for you or me, but for paying their fair share, just like you and I do on a regular basis. How those taxes are used is something we can argue about indefinitely, and they are good discussions to have. However, to attack the very mechanism by which the government helps and defends its people is unpatriotic, and un-American.

Adam

September 20th, 2011
9:23 am

(ir)Rational: The funny thing is, on the particulars we agree. Lowering the tax rates, removing loopholes etc and broadening the base is a good idea. It will accomplish more than simply raising taxes on the top or removing loopholes on the top. However, I do think it should be phased in, from the top down.

Guy Incognito

September 20th, 2011
9:23 am

Paul,

true, but does that absolve him from the call for corporations to pay their fair share?

Adam

September 20th, 2011
9:23 am

Leg Lamp: You’re the one who’s dreaming. Obama has the narrative by the balls now. The debate is now over whether or not to tax the rich, instead of whatever debate the Republicans want to have instead.

Guy Incognito

September 20th, 2011
9:25 am

“Its a shame that there is not a greater social cost to the people who originate the lies.”

Yeah, we should be able to imprison anyone who doesn’t blindly follow liberal logic (or lack of)

Keep Up the Good Fight!

September 20th, 2011
9:45 am

Social costs does not equal jail Guy…. how silly