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Showing posts with the label tax cuts

Better to be his enemy than his friend

I remember during the presidential primaries of 2008 hearing some commentator on radio or television - I don't remember which or who - repeating something that had been told to him by a person who knew Barack Obama in Illinois. The person had said that it was "better to be Barack's enemy than his friend." The commentator explained that what was meant was that Obama would do anything to placate his enemies while ignoring his friends. "That's a very odd thing to say," I thought, but after watching him as president for two years, it is all too clear that that Illinoian knew him very well. So Obama has his tax compromise and his enemies who will do anything to destroy him, the Republicans, are ecstatic. His friends are seething. Though he says otherwise, I'm not so sure that this "compromise" was not what he wanted all along. He has shown little inclination to get the rich to pay their fair share during his tenure as president. From Wall...

I'm disgusted!

Earlier this week, the House of Representatives passed the bill that would give 100% of American taxpayers an extension of the tax rates presently in place, up to a limit of $250,000 in earnings. The House did not extend the ADDITIONAL tax break that those who earn more than $250,000 now get and have gotten for the last ten years - one of the big reasons for our current astronomical deficit. Today, the Senate voted on the same measure and they voted 53-36 in favor of it! So...it passed, right? Right? Honestly, only a fool would believe that, for in the U.S. Senate, the majority does not rule. The minority does. In order to get virtually anything passed, the bill has to get 60 "aye" votes, a 3/5 majority. Yes, only in the U.S. Senate and places like Myanmar is a majority not really a majority. So, what happens now? No doubt, the Senate will come up with a "compromise" proposal, which in reality means that they will approve the Republicans demand to extend the...