UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 740365  
Subject: The Framework Before Obama Blew It Up Date: 12/31/2012 5:25 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 32
A Senior Senate Republican aides tell NRO that the tax side of the fiscal-cliff deal has been finalized. Here’s a sketch of the framework:

— Current tax rates would be permanently extended for singles making $400,000 or below, and permanently extended for couples making $450,000 or below

— For singles, capital gains and dividends of $400,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $400,000 would be permanently taxed at 20 percent

— For couples, capital gains and dividends of $450,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $450,000 would be taxed at 20 percent

— The Alternative Minimum Tax would be permanently patched

— Estates over $5 million would be taxed at 40 percent, and that tax rate would be permanently extended
--------------------------------------------------------
This was before his curse conference where for some reason he needed to take shots at republicans who were caving like dogwoods already:

But his midday press conference, with a group of middle-class Americans looking on, was not without a bit of bravado as well. Obama took multiple shots at Congress for its clumsiness in negotiations and insisted that he’d demand more tax hikes if the legislative body used the impending debt ceiling standoff to demand spending cuts.

In the process, the president irked several Republican aides, who suggested that the entire fiscal cliff deal had been complicated because of his tone and criticism.

“Potus just moved the goalpost again. Significantly. This is new,” tweeted a top aide to McConnell.

Doug Heye, a spokesman for House Majority Whip Eric Cantor (R-Va.), tweeted, “If Obama’s goal was to harm the process and make going over the cliff more likely, he’s succeeding.” Another Cantor spokesperson said, “So….I’m confused….does POTUS want a deal or not? Because all those jabs at Congress certainly sounded like a smack in the face to me.

Sen. John McCain (R-Ariz.) said the president “sent a message of confrontation” to Republicans, who could be voting on a deal in the next 24 hours. “I’m not sure … whether to be angry or to be saddened,” he added.

A source close to House Republican leadership went even further, telling HuffPost that the lower chamber was in revolt over Obama’s remarks and that the deal could blow up because of them.

UPDATE: The US House will not hold a vote on a fiscal cliff deal tonight.

---------------------------------------------------------
He really is a vile human being. Just scum.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Kate Spade's Wild Ride
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement