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Old 09-16-2010, 04:39 PM  
petegz28 petegz28 is offline
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Pelosi gives Obama credit for Bush tax cuts???

House Speaker Nancy Pelosi Thursday renewed her pledge to pass an extension of the Bush tax cuts for the middle class, but now she’s leaving the door open to extending the tax cuts for upper-income Americans.

The California Democrat, speaking in the same room House Minority Leader John Boehner (R-Ohio) appeared in earlier in the day, said that the “only thing I can tell you is the tax cuts for the middle class will be extended this Congress,” leaving open the possibility that cuts for people making more than $250,000 could be extended at some point, too.


“What I believe the American people deserve is a tax cut for the middle class,” Pelosi said. “And without getting into procedure and timing and process, what we’re going to do is to say at the end of the day the extension of the Obama middle-income tax cuts will take place, and that’s what I have to say on the subject.”

Her comments also deepen the confusion about when the cuts might be done — either in the next two weeks or after the November election. The thorny issue of tax cuts has thrown a wrench in an already contentious reelection season for Democrats, exposing a divide within her caucus about raising taxes — even on wealthier Americans — during a soft economy. Republicans have continued to push for an up-or-down vote on tax cuts — they wholeheartedly favor renewing all cuts.

But 31 members the Democratic caucus — many of them facing stiff headwinds in getting reelected to Congress — are too pushing to extend all the tax cuts. Pelosi thinks their logic is flawed.

“The tax cuts at the high end have not produced any jobs; it only increased the deficit,” she said. “We’re still paying the price that they have contributed to the deficit all along. I respect that they have a different view, many of these members are members who are budget hawks, so I think we’ll be able to find some common ground on the subject.”

Pelosi, though, made her view clear: Rich people don’t deserve tax cuts. She said she sees “no justification for going into debt to foreign countries to underwrite and subsidize tax cuts for the wealthiest people of America.”

No matter who gets tax cuts of when, the House will be up for reelection in less than two months, and Pelosi seems to be remaining confident about her party’s chances. She dismissed a question about her place in leadership after the election. When asked about the negative campaign ads being aired across the country that target her, she urged Republicans to keep them coming.

“Spend that money, spend that money, pour it in, spend it all,” she said, before saying that Democrats will be “victorious” on Election Day.



Read more: http://www.politico.com/news/stories...#ixzz0zjcyrqhg
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Old 09-16-2010, 04:40 PM   #2
petegz28 petegz28 is offline
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So we have gone now from "extending the Bush tax cuts" to "the Obama middile-income tax cuts will take place"???

What Obama middle-income tax cuts? These are the Bush tax cuts being extended.

This is just rich.
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Old 09-16-2010, 04:42 PM   #3
petegz28 petegz28 is offline
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Quote:
“The tax cuts at the high end have not produced any jobs; it only increased the deficit,” she said. “We’re still paying the price that they have contributed to the deficit all along. I respect that they have a different view, many of these members are members who are budget hawks, so I think we’ll be able to find some common ground on the subject.”

Has anyone told her what the current unemployment rate is even with Obama's stimulus? And are we supposed to believe the excessive spending by her and this Administration have done nothing to add to the deficit???
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Old 09-16-2010, 04:59 PM   #4
alnorth alnorth is online now
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The problem here is probably the word "extension", that is some silly crap out of Pelosi. You cant extend what you did not start.

That bit of twisting words aside though, if a middle class tax cut were to be passed and Obama vetoed it, who would get the blame? You cant both give him part of the blame for not having a tax cut next year, and also alternatively give him no credit at all if he were to sign a tax cut for next year at the same time.
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Old 09-16-2010, 05:17 PM   #5
petegz28 petegz28 is offline
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Quote:
Originally Posted by alnorth View Post
The problem here is probably the word "extension", that is some silly crap out of Pelosi. You cant extend what you did not start.

That bit of twisting words aside though, if a middle class tax cut were to be passed and Obama vetoed it, who would get the blame? You cant both give him part of the blame for not having a tax cut next year, and also alternatively give him no credit at all if he were to sign a tax cut for next year at the same time.
So you give him credit for extending. You can't call them the Obama tax cuts because they aren't. He isn't cutting anything, merely keeping in place what is today. I think we agree on that.
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Old 09-16-2010, 05:27 PM   #6
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Originally Posted by petegz28 View Post
So you give him credit for extending. You can't call them the Obama tax cuts because they aren't. He isn't cutting anything, merely keeping in place what is today. I think we agree on that.
yep
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Old 09-17-2010, 08:09 AM   #7
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Well when they were going to let the cuts expire they were not Tax increases so if you extend them can you call them Tax cuts? Politicians, they could murder their own parents and then not bat an eye asking for leniency from the judge because they are orphans.


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The idea of mandated term limits just makes my head spin. What could be more the Government knows better than you, and American public is too myopic and stupid to stop re-electing these festering pieces of dung... so big brother is going to curtail your choices to protect the public from itself. What I find even more maddening than that condescending idea is... that those that support the idea IMO are 100% correct. As a group we seem to have lost the ability to honestly look at our guy, our party, and hold them accountable in the manner we try to do with the opposition.

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Old 09-17-2010, 08:13 AM   #8
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Old 09-17-2010, 08:20 AM   #9
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What do you expect, words of harmony from her when she speaks ?
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