In response to:

"Negotiating," Democrat-Style

Mike T2 Wrote: Nov 29, 2012 12:44 PM
Here's an idea, and maybe some of the more informed posters here can tell me where I'm wrong. Perhaps Repubs should offer this: let tax rates on "the wealthy" rise as the Dems exchange for a new section of the tax code which covers small businesses and keeps their rates at current levels. This would prevent small businesses from seeing a tax increase and the Repubs could make the claim that they gave Obama what he wanted...the "rich" paying their fair share. An idea was put forward yesterday that perhaps the rates should go up AND the total current value of their estate taxed in a one-time event. Even better! Then when it doesn't work, the Repubs can say "we gave you what you wanted."
Mike T2 Wrote: Nov 29, 2012 12:47 PM
The reason for this idea is simple. Bill Kristol is right, the ultra-wealthy (like Bill Gates or Warren Buffett) can afford the tax and aren't going to vote Repub anyways. This type of approach would sock it to them (as Buffett CLAIMS he wants) but protect job creators at the same time. It would be more paperwork for them to an extent but could potentially be kept low and it's not like they don't have a lot of paperwork now...a couple more pages wouldn't be awful.
firetoice Wrote: Nov 29, 2012 12:50 PM
Cuts first and immediate. Revenues only later. We have a spending problem, not a revenue problem.

What about the retired folks who are currently living from their "estates"?
Mike T2 Wrote: Nov 29, 2012 12:53 PM
That idea was posted on the American Thinker blog...and as I recall it was for estates over a certain level, sorry I forget the details. But I don't disagree that cuts should be immediate...this thought was more a way to appear to give ground in a way that allows them to turn around and say "we told you it wouldn't work" without causing too God-awful much pain.
firetoice Wrote: Nov 29, 2012 12:58 PM
Clinton Administration considered a "one time" wealth tax.

Somehow, I have difficulty believing the "one time" aspect.
Selfmade707 Wrote: Nov 29, 2012 1:02 PM
Mike: and what would be the mechanism to tax the net worth on rich people? Would you send tax assesor to their estate and take inventory? Would you re-tax all of the items in their homes that have already been taxed upon purchace? How would you get around the 4th ammendment?
I ain't gonna' happen.
Mike T2 Wrote: Nov 29, 2012 1:13 PM
Dunno, like I said this was someone else's idea. Mine was more along the lines of at least give Obama his tax hike on the wealthy but protect small businesses with a change in the tax code.

The trouble here is that, for the forseeable future, the history of the Obama admin will be written by liberals, meaning everything will be Repubs or conservatives fault. The trick is to "give Obama what he wants" without causing any lasting damage. Thus my idea...

The White House has been hyping its #My2K Twitter hashtag in an attempt to galvanize supporters to contact their Congressional representatives to demand action to avert the fiscal cliff.  The administration estimates that unless Congress moves, the average family's tax bill will jump by more than $2,000, starting on the first of January.  The implication, of course, is that Republicans are once again standing in the way of resolving this problem.  Show of hands -- as the media breathlessly follows every minor twist and turn of these negotiations, how many of you have seen this fact reported?