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Obama to Congress: The Time For Immediate Action on Fiscal Cliff is Now

SuperSam Wrote: Dec 28, 2012 9:36 PM
Notice how the Dems did not raise taxes on the rich or close loopholes on them even though they campaigned on doing so and had all the majorities to do so for 2 solid years. Lies. Campaign class warfare lies. Instead, the Dems opened up loopholes for their donors to pay zero taxes, some even getting rebate checks, while making record profits.
mast1055 Wrote: Dec 28, 2012 9:53 PM
Who said that 250k means that you are a millionaire or billionaire - zippy?

Wasn't me. But I do know that those making 250k or more can also afford to pay more in taxes. The child tax credit - cut in half - that was the idea of the republicans before they would raise the debt ceiling. Do your research
magnetar Wrote: Dec 28, 2012 9:45 PM
SuperSam Wrote: Dec 28, 2012 9:39 PM

$250K is not millionaires and billionaires, zippy.

Why didn't the Dems raise taxes on millionaires and billionaires when they had the majorities?

Because they are lying scumbags.

The want the Bush tax cuts to expire, which will hit the lowest tax bracket with the highest percentage of increase, as well cut every family's child credit deduction in half.

So how did the last-ditch fiscal cliff meeting go this afternoon? Not great. President Obama again put forth the scaled-back version of the proposal he pitched last week.

A source familiar with the meeting told CNBC that Obama was not making a new offer; just laying out what he thinks can pass the House and Senate. That includes keeping the tax cut for those making up to $250,000 and an extension of unemployment insurance for 2 million people. He will then ask the participants what they are willing to support, and if they don't have a counterproposal that...