Comments for: Mainers could see tax increase of $1.4 billion in 2013 if Congress doesn’t act

Posted July 22, 2012, at 3:07 p.m.
Last modified July 22, 2012, at 4:16 p.m.

AUGUSTA | If Congress does not act to extend current federal income tax rates set to expire Dec. 31, Mainers will see a huge tax increase of $1.4 billion in 2013 that will result in lost state revenues and will hurt the state’s economy. Members of the state’s congressional …

Guidelines for posting on bangordailynews.com

The Bangor Daily News encourages comments about stories, but you must follow our terms of service.

  1. Keep it civil and stay on topic
  2. No vulgarity, racial slurs, name-calling or personal attacks.
  3. People who harass others or joke about tragedies will be blocked.
The primary rule here is pretty simple: Treat others with the same respect you'd want for yourself. Here are some guidelines (see more):

  • Anonymous

    Dear Sen. Snowe, it was your vote that got the healthcare reform bill out of committee and now it’s time to pay for it and you take exception…its a little to late for political pandering

    • For the last time – Snowe’s vote was not required to report the Affordable Care Act out of committee. The Democrats had a clear majority.

      • Anonymous

        how did she vote – enough said….

      • Anonymous

        “The Democrats had a clear majority”.  They are giving Americans a bill that is total BS.  Something only 22% of Americans want.  Now that its law NOBAMA now can have his 16,000 IRS stalkers going around to intimidate, bully, threaten, harrassing Mainers and Americans for a product they don’t want.  Now the Liberals are using Class Warfare to distroy our economy by raising taxes on All Americans.  Just like Liberals in Maine willl do once they get into power they are planning to go “Super Size” on Socialism and WELFARE Programs with huge income, sales and other tax hikes to pay for theses failed Lavish WELFARE Programs. The Bums have to have their freebies.  They are too lazy to move off of the couch away from tv, and away from the facebook on the computer.  Only in NOBAMA’S  “Amerikka” is being lazy and being a couch potato is a good thing.

        • Anonymous

          Well DC I have to hand it to you, you have finally figured out that Liberals in Maine will soon be back in power. Now I am not sure of this but I heard that all of those Liberals in Maine that are soon going to be back in power are going to undo all of LePage’s tax cuts …….but wait there is more DC…. they are going to make sure everyone on WELFARE is going to get a brand spankin’ new SUV …..but wait DC there is even more, that’s right a lifetime gas card as well plus they will also receive a brandy spankin’ new 60 inch flat screen TV with 3D as well, but there is still more each and every family on WELFARE will be given, yes DC given an all expense paid trip to Beautiful Hawaii for three months every winter. And that is just what those Liberals in Maine will do on the first day. Stay tuned to hear what wonderful things are going to happen on the second day of Liberals in Maine being in power. I bet you just can’t wait until January can you DC.?

        • Anonymous

          Whoa… try turning off Hate Radio. Maybe start with 5 minutes of silence per day and see if you can gradually learn how to think and reason again.

        • Anonymous

          Yawn, now to switch to another news channel other than Fox/Limbaugh disinformation.

  • The Bush tax cuts were supposed to expire by design – that is, they were temporary. Allowing them to expire as intended is not raising taxes, nor more than the price of a sale item at a store returning to its pre-sale price is an increase.

    • Anonymous

      So I guess you will have no problem explaining to the family of four making $40,000 getting a tax bill $4,447 higher than what a family paid in 2001 that that $4,447 is not raising taxes.

      • Anonymous

        Why not keep the cuts up to everyone’s first $75,000 and let the rest expire?

        • How about we just tax the people that want a tax increase?

          • Anonymous

            Only if the one’s paying the taxes get to decide where their money’s being spent.

          • The Country would be broke in a week!

        • Anonymous

          I’m guessing that your income is around 75k.

          • Anonymous

            How ’bout you give a dollar figure for the upper middle class. It sure ain’t $250,000 per year.

          • Anonymous

            I’d consider  myself rich if I made that kind of money!!

          • Anonymous

            You’d be wrong.  That would make you upper middle class at best, but even then it’d be a stretch.

          • Anonymous

            I don’t know, but if you asked me to guess I’d say about 300-500k.

            What do you think it is?

          • Anonymous

             In some areas of the country 250K is upper middle class because of cost of living etc.

          • Anonymous

            That logic is twisted. If one has living expenses that require a $250,000 income, they are rich no matter their address. A Hamptons address and a BMW car payment don’t make the resulting bottom line middle class.

        • Anonymous

          That’s a great idea, but the Repubs in Congress are protecting  their rich benefactors from the tax increase.

      • Great way to get votes!

        Give a Tax Break, the employer pays less knowing that you have one and when it is Time to expire, the public  “feels” the sudden hit and you can blame it on the other side!

        See;—— It’s the Democrat Governments Fault we wanted to continue it!

      • Anonymous

         I have to say that it is about time that the 50% who now pay no taxes start paying some.

        End all the tax cuts and end the Earned Income Credit.

        • Anonymous

          If it comes to that, they might as well end all deductions, too, for everyone.

  • CPPray

    Three points to consider:
    1. In passing the original tax cuts a near decade ago the country’s job creators were suppose to invest in America.  If you are expending – investing- capitol into a business that investment in of itself is a tax deduction – taxes are only paid on a profit of an investment – if one is made.  A loss is also a deduction. What did those so called job creators invest in over the last decades?
    2. Taxable income of $250,000 generally means someone who is earning an income of $300,000 to $400,000, or up, a year and depending on who their CPA is and how creative they are with the tax  loop-holes written by Congress for the wealthy of America.
    3. The U.S. Constitution rests the power of the purse with Congress.  Taxes and spending are based on action of Congress – not the Executive branch.  

    It’s time this Do-Nothing Congress stop playing politics on every single issue and start thinking about all of the People for a change instead of just their political supporters.  Yes, a few of you will lose your positions, but just think – you’ll be able to live with yourself later in life.

  • StillRelaxin

    So how did GW’s tax breaks and wars work out for our families or our economy? Not too good. We need to consider giving up being the World Police and go back to collecting revenues from “someone” to pay our way out of this ditch he put us in. As making cuts alone (About the only thing the GOP/Tea Party talks about) won’t solve our current problems and will fall mainly on the poor or needy it’s a bit unfair to drop the burden solely on them. Especially since they have been the ones put out of work and sent to die in our wars. The rich got richer under the Bush tax breaks by divesting in the U.S. and investing in what amounts to slave labor wages overseas. Gee, thanks for being Job Creators! Therefore I’m not in favor of lending a hand to folks like Romney to get richer by doing nothing productive and avoiding taxes via hidden Swiss and Cayman Island bank accounts. Maybe it’s time for these folks to give something back to the country that gave them everything they have?

    • If the tax cuts did not work out that well for families, then why worry if we just let the cuts expire which is what this article is all about?

      • Anonymous

        because the low and middle class need that money to live and the country’s ecoomy needs the money that they spend…

        • I agree but I was responding to Stillrelaxin who evidently thinks the cuts should just expire.

          • Anonymous

            thanx.

    • Anonymous

      Why the jealousy?
      I cannot figure why so many Americans want to take from someone else what does not belong to them?
      What happened to this country where this is considered proper?

      • Anonymous

         So what if the rich got richer?
        Americans  benefited from cheaper products in the stores.
        Romney donates huge sums of money.
        How lazy and hypocritical Americans have become, who believe they are entitled to another mans wealth.

        Old Soviet saying;

        “We pretend to work, and they pretend to pay us”

        • Anonymous

          it is a question of policies that support the wealthier at the expense of the rest..
          Romney, lazy, hyocritical Americans … these other points of yours are laughable

        • Anonymous

          Well, as you brought up things like the Soviet planned economy and their faith based five year economic plans,  if the tax cuts for the wealthy are supposed to make the mythical job creators create jobs, where are all those jobs ? 

          What sort of understanding of business or economics does someone who thinks that by decreasing your income you will somehow decrease your debt, as well, really have ?  

          Cut Taxes and balance the budget ? If you really think it can ever be done, vote GOTea. You deserve them.

        •  But the jobs didn’t trickle down.  They were sent overseas, and their employers got tax breaks for doing it.

      • Anonymous

        It’s not jealousy.  It’s logical.
         
         1. The federal debt is too high.

        2. Top income tax rates are the lowest they have been in almost 100 years.
        Here’s a link to all federal income tax rates since 1913:
         
        http://taxfoundation.org/article/us-federal-individual-income-tax-rates-history-1913-2011-nominal-and-inflation-adjusted-brackets
         
        3. The difference between low American incomes and high incomes is greater than at any time in over 100 years.
         
        In short,
         
         
        Someone needs to pay more taxes.
         
        The wealthiest can easily afford to pay more.  Their incomes have skyrocketed.
         
        Their tax rates have gone way down from normal times and are currently very low.
         
        It’s a no-brainer.

        • tag

          The rich also pay more of our federal tax burden now than they did when the tax “rate” was higher. Raising taxes on the rich always decreases the tax revenue and vice versa. That is why Bill Clinton slashed the capital gains tax. We currently bring in more revenue, with fewer workers, than at any time during the Clinton years and the tax rates are lower. Your philosophy is not based on facts. 

          • Anonymous

            “Raising taxes on the rich always decreases the tax revenue”. This makes zero sense. Higher taxes on the wealthy means they pay more in taxes which increases revenue. 2+2 does not equal 3. If your argument is that the wealthy will find ways to move their money around the income tax, maybe that’s the problem.

          • tag

            I was speaking historically. Higher tax rates, for various reasons, lead to lower tax revenue. Until we become a communist nation, this will remain true.

          • Your Fourth sentence explains the First!

            Pay the help a decent wage and they can pay the taxes FOR the Rich!

            Don’t and expect the Government to take it!

            The Rich can’t have it “BOTH” ways!

          • Lord Whiteman

            The Federal dept. exploded after Reagan cut taxes for the wealthy and has every time it has been tried.
            Economist Mike Kimel notes that the five former Democratic Presidents (Bill Clinton, Jimmy Carter, Lyndon B. Johnson, John F. Kennedy, and Harry S. Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan, and Gerald Ford) all oversaw an increase in the country’s indebtedness 

          •  Please don’t confuse them with facts.

          • tag

            You forgot to mention Obama. 

            Debt is based on spending and tax revenue. Presidents like JFK and Clinton slashed government spending. Presidents like W and Reagan increased spending. Obama then increased spending more than every president you list combined. I agree with the policies of JFK and Clinton. Who do you agree with?

          • Lord Whiteman

            Your right. Obama is the first modern Democrat since FDR to increase the deficit.
              Like FDR he also inherited  an economic depression from the Republicans. 
             The solution is clear. Stop electing Right wing Republicans to office.

          • Anonymous

            heard of the recession …

          • Anonymous

            JFK had only two budget years unfortunately.  He increased taxes, which resulted in an increase in revenues (1961 94.4 bil. to 1962 97.7 bil.)  and increased spending. Here’s the link:

            http://federal-budget.findthedata.org/d/d/John-F.-Kennedy

            Bill Clinton famously increased taxes and spending despite unanimous Republican opposition. Despite GOP warnings that it would ruin the economy a boom ensued with increased revenues from 1.7 tril. to 2.0 tril. and built a budget surplus.  Link: http://federal-budget.findthedata.org/d/d/Bill-Clinton

            You apparently feel free to just make stuff up.  So I’ll be ignoring your posts in the future.

        • Anonymous

           When you use statistics that distort or even purposefully lie about the underlying facts you end up making false conclusions.

          GIGO     Garbage In, Garbage Out

      • Anonymous

        Grow up. Taxation isn’t about jealousy, it’s about funding Government. As it is we’re spending about a trillion a year on Defense so quit screeching like those tax dollars are going out one pocket and into another. They’re being blown away over seas and such.

      • Anonymous

        It is the wealthy class who is doing the ‘taking’.

      • “””What happened to this country where this is considered proper? “””
        UHH! The Constitution?

      •  It isn’t jealousy- it’s fear that the middle class, which is crucial to our democracy, continues to erode.  The money that the wealthy are hoarding in off shore accounts are not going back into the economy- in other words- it ain’t tricklin’ down like it’s supposed to.

      • Lord Whiteman

        Why is it jealousy to ask everyone to pay the same rate of taxes? 
          Especially when the wealthy have so little regard for the US military that protects their overseas investments.

        • Anonymous

          So if everyone paid 15%, that would be ok?

          • Lord Whiteman

              I understand most of Americas wealthy don’t care if the US fails but then so many of them are uncouth, drug addicts and sadists it hardly matter what they think.  

      • Anonymous

        “Why the jealousy?” 
        When the tax rate increase for the wealthiest people will still be less than for the poorest Americans ?

        “… with elimination of the lowest rate of 10 percent. The lowest bracket would be increased to 15 percent. The top tax rate would go from 35 percent to 39.6 percent.” 

        Class warfare ? 
        Bring it on.
        The poor deluded supporters of the mythical “job creators” are clearly under armed in such a confrontation.

    • Anonymous

      Also……it goes back further.
      Blame George Bush Sr. and Bill Clinton for that and the passage of NAFTA.
      Remember these are Progressive socialist….Like Snowe and Pingree.

      • Progressive Socialist?
        Nafta?

        Thats —Free Market Global Capitalism —at work! Nothing More Nothing Less!

      •  I remember watching the McGlaughlin Group, when he had on a panel of economic experts, who said NAFTA must pass because it would open up other markets for our products.  What they didn’t know, or tell if they did, was that along with products, jobs would also be shipped overseas.

    • World Police?

      Thats —Global Corporate Expansionism Protection. 

      You cant run a Racket without Muscle!

    • Anonymous

      “how did GW’s tax breaks and wars work out for our families or our economy?”
      About as good as Obama’s failed economics-
      About as good as Obama continuing the wars-
      About as good as Obama’s questionable funding of Solyndra-
      About as good as Obama blaming all of his failures on Bush-
      About as good as Obama’s deficit of more than triple of that of Bush-

      About as good as ObamaCare that will completely bankrupt America-

      I am no fan of Romney, but he’s a lot better than Obama

    • tag

      Considering 9/11 and Katrina, the tax breaks did exactly what they were designed to do – spur the economy and generate wealth. You can’t argue with 4.5% unemployment and 6 years of growth. 

      Perhaps, like most liberals, you are confusing the tax breaks with the financial crisis? 

  • Anonymous

    The problem with congress is not the democrats or the democratic senate,  it is the republican Minority in the senate that is united against anything the democrats want, even if they originally proposed it themselves.  The problem is the democrats don’t have the 60 votes to quash a filibuster and move an agenda forward.  The republicans in the senate have used the filibuster to kill any forward progress in this sham of a congress.  A simple majority passes any bill, but you need a super majority just to be able to discuss the issue. how freaking stupid is that?  Only solution is to get rid of ALL of them starting with the chinless loser Mitch McConnel whose sole objective is to make sure Obama doesn’t get a 2nd term  (his words not mine).  How can you get anything accomplished when that is their sole agenda.  Nothing gets done and we all lose. 

    • Anonymous

       Still delirious I see!

      • Anonymous

        if you would stop drinking the republican koolaid you might actually be able to see straight

        • Anonymous

          and you take a bath in the “Obama is great” kool aid.  Oh that’s right, nothing is his fault.  He gets a free pass.  If you want to start getting rid of people in Washington, I vote we start with Obama, Pelosi and Reid (you know, the 3 most intent on destroying this country)

          •  He does not get a free pass.  He is not the perfect  president- he is not progressive enough for me,  but he probably realizes that any candidate who is too far to the right or left will have a tough time governing.  He is definitely a centrist.

          • Anonymous

            Not the perfect president?…….Ya think?  If by “not the perfect president,” you mean “worst ever,” then we might be getting somewhere.  He is not progressive enough for you?  My God what would you have him do?  He is already on his way to destroying the country.  If we get 4 more years of him, I don’t believe the country will ever recover.

            He has been getting a free pass from the libs since he took office. They bought into the hope and change and then gave him a free pass with his weekly “uh, it is Bush’s fault” …well, unless it is “Congress’ fault.”

          •  Not even close to the worst ever.  Did you not learn about Grant, Harding, Hoover?  Or did you block them out because they were Republicans?
            What would I have him do?  To start with, single payer health care system.

        • Anonymous

          Blah.blah blah….crapola

    • Anonymous

      what about Harry Reid not take up any of the Republican bills that has been presented to them, so i say tit for tat.

      • Anything that the Republicans put forward is a blight on the poor and Middle Class and a gift to the Top!

      • Anonymous

        Olympia tells  her constituents to “Eat Cake”, while she boogies taking
        her lavish pension with her.  The good news is that she will be gone
        next year.. the bad news is Collins will be around for another four.

        • Anonymous

          The only two in Congress who actually emailed me back were Susan Collins, and Mike Michaud.

    • Anonymous

       You should be glad that the Republican minority has managed to stop the Democrats from finishing their remaking of America into another Socialist wasteland.

      And remember, when the Republicans are in power the Democratic minority hold the same power.

      The founders designed it this way so no simple majority could pass laws affecting the minority without significant support from that minority.     This addressed the greatest danger and failure of pure democracies.

      •  All the Republican minority has done has made asses of themselves when they’ve blocked legislation that should have been passed, like the recent bill to give tax breaks to companies that keep jobs in our country.  The impasse over the debt ceiling made the Tea Partiers look like complete fools, which most of the country will remember in November.

  • Its time to take the Lame ducks like Michaud, Pingree, and Collins out of Washington! The State can take care of 2 of them this year! I for 1 will be voting my part to get that job done!

  • Anonymous

    A tax increase of $1.4 billion is a $1.4 billion contribution to reducing the deficit.

    • beangood

      . .. As a result, under Obama’s plan some taxpayers would pay 43.4 percent in federal taxes on their dividends next year.

      Obama is proposing a top individual income tax rate of 39.6 percent in 2013, up from 35 percent. His budget would tax long- term capital gains at a top rate of 20 percent, up from 15 percent. The top dividend tax rate is now 15 percent.

      An additional 3.8 percent tax on the unearned income of couples earning $250,000 and individuals making at least $200,000 will take effect next year as part of the 2010 health- care law. As a result, under Obama’s plan some taxpayers would pay 43.4 percent in federal taxes on their dividends next year. That’s almost triple what they now pay and comes on top of corporate taxes.

      http://www.bloomberg.com/news/2012-02-13/obama-s-budget-plan-proposes-doubling-dividend-tax-in-focus-on-the-wealthy.html

      • Anonymous

        Quit pretending like deductions, exemptions and loopholes don’t exist. 

        • beangood

          Mainers could see tax increase of $1.4 billion in 2013 if Congress doesn’t act

          • Anonymous

            Call Collins and Snowe like I did and tell them to stop coddling the “job creators” who aren’t actually even creating jobs. They had a decade to prove these tax cuts were worthwhile and they haven’t done it.

          • beangood

            No matter. It is not equitable to assume taxes can be increased at the rate given.
            1) It is too much of a loss, and at a higher cost to the state than the people.

            2) It could be of serious consequence to some taxpayers/ businesses, or otherwise.

            3) For all the arguments of fairness, loopholes, and exemptions.

            What is justly fair when measured as risk/reward? Buffets rule was simple. He only risks money. Never is he at risk in relation to how the money is earned in the first place. 

             This is the most recent economic data for Maine as kept through the
            St. Louis Federal Reserve: (Most sectors are considerably higher as a comparison to the mid-nineties.)

            http://research.stlouisfed.org/fred2/categories/27301

          • Anonymous

            Yeah let’s continue to support those Deadbeats & WELFARE BUMS who have had life so easy the past 40 years in Maine.  It’s time these folks become working taxpayers , and the nearly now 70 million in this country who don’t pay taxes get a job and start becoming taxpayers make these folks carry the weight too.

          • Anonymous

            Everyone pays taxes. 

          • Anonymous

            Well, yes, if you’re talking about the broad range of all taxes, including sales taxes.  But not everyone pays income taxes.  In fact, a lot of people don’t pay any income taxes.  And I wouldn’t be surprised if someday we have a system where people with low income not only pay no income tax, but actually receive money from the government in the form of refundable tax credits, like a negative income tax.

          • Anonymous

            A good portion of those that pay no federal income taxes aren’t “low income” people though.

          • Anonymous

            Good point–I eagerly await the public’s chance to view Romney’s tax returns.

          • Anonymous

             When you actually examine it. a lot of  their tax income is placed into the economy in some fashion (investment)….this is what I discovered a few years ago.
            Many people don’t realize or forget that in order to pay less taxes, they would invest it in the country and workers.

          • Anonymous

            Yeah, or hide that money overseas, whatever.

          • Anonymous

             They already do.  It’s called the Earned Income Tax Credit.

          • Anonymous

            Well of course, the person who doesn’t work (and won’t work) gets maine care, ebt, subsidized housing, etc but hey, they pay excise tax on their cigarettes so they are as much in the game as the rest of us……..yeah, sure.

          • Anonymous

            good idea, will do, but I have  no hope that Snowe or Collins will vote to allow the Bush tax cuts on monies above 250,00 to expire…. they are talking out of both sides of their mouths, as usual…

          • Anonymous

             Far to many people don’t really talk with small business owners.
            I think it would have been far worse without the cuts….maybe the 3 rd recession / depression would have arrived sooner?

          • Anonymous

            The vast majority of small business owners fall into the category Obama is proposing to keep the cuts for.

          • Anonymous

            and that is another area where Sainte Snowe is full of bull…. she says that her worry is the small business owner and yet she consistently votes against them..

          • Anonymous

            Exactly. They keep repeating this meme of “small business owners” but in truth it has nothing to do with actual small business who are struggling.

        • Anonymous

          I’m not sure what you mean by loopholes, but I think deductions and exemptions apply to taxpayers in all brackets.

          • Anonymous

            Yeah, but they’re largely beneficial to the rich. Notice how Romney can cut his burden of 40% by about 3/4s? I know my deductions and exemptions certainly aren’t that beneficial. 

          • Anonymous

          • Anonymous

            No? Then how does Romney cut his nearly 40% rate (if you take beangood’s comment exactly at face value) by about 3/4ths? 

          • Anonymous

          • Anonymous

            for the years we know about, he paid about 14% of his income in taxes. 
            http://abcnews.go.com/Politics/OTUS/mitt-romney-made-42-million-paid-14-percent/story?id=15423615

          • Anonymous

          • Anonymous

             Romney probably gets a lot of his investment income from municipal bonds.  Interest on municipal bonds is subject to a 0% Federal tax.  You could do the same thing with your investment income if you wanted to.  It’s perfectly legal and available to every American with money to invest.  Don’t blame Romney for being smart enough to take advantage of it.  I like the idea of a President who is smart with money.

          • Anonymous

            “probably”? So you don’t know? We do know for quite some time Romney had many offshore investments and accounts in places that are traditionally used as tax havens. I don’t like the idea of a President who would rather send money overseas than to pay taxes to the country he supposedly leads.

          • Anonymous

            Could be that he owns lots of municipal bonds, and I don’t blame him for being smart with his money.  Still, an effective tax rate of 14% on 42m income over the last two years . . . 

            Let’s just say I’m looking forward to the analysis of his returns by experts and his own explanation.

          • Anonymous

            So smart with money that he hides his money in secret offshore accounts, to avoid paying his share of taxes to support America’s infrastructure? Possibly legal (we’ll know that if he releases his tax forms). But ethical? Not really.

          • Anonymous

            Please tell us the factual basis for your claim that Romney “hides his money in secret offshore accounts, to avoid paying his share of taxes . . .” 

          • Anonymous

            “If you say to your tax people, as he seems to have done, ‘I want every trick in the book. I want to push this to the edge,'” Rattner said during an appearance on “Fareed Zakaria GPS” on CNN. “I will tell you that as a private equity guy, I’m familiar with many of the things that he did. And I know many people who have done many of the things that he did. I do not know anyone who did everything that he did.””Some of what he did, like the IRA, I have asked fellow private equity guys,” Rattner said, referencing the account in which Romney has stored up to $100 million tax-free. “None of us had even known this was a possible trick, if you will. He has pushed the envelope all the way to the edge, to his benefit, and I think that Americans would find that pretty distasteful.”Romney has declined to release multiple years’ worth of tax returns, disclosing only those from 2010 and estimates from 2011. Rattner called Romney overly secretive Sunday, speculating that he was attempting to hide more instances of using innovative and questionable accounting tricks.

          • Anonymous

            14% of 22 million is still over THREE MILLION DOLLARS paid in taxes.  Again, to the liberals, exactly how much is Romney’s (or any other of those evil rich people you hate so much) fair share?

             IF Romney broke the law and should have paid more taxes then the IRS can audit him and if found guilty, he has to write a check (best case), but again, really, people are complaining about ANYBODY who paid over 3 mil in taxes in 2010??  It scares me that this mentality exists.I couldn’t imagine cutting a check to the fed govt for 3 mil and having anybody say “you haven’t paid enough.”

          • Anonymous

            I agree that 3m is a lot to pay in taxes, but not if it results in an effective tax rate of 14%.  He gave very large amounts to charity and a lot of his income probably came from capital gains and municipal bonds.  Those things would have lowered his effective tax rate.  It’s very unlikely that he broke the law.  More likely that the law itself is broken.  We all have different opinion.  I think Congress should just do away with deductions and a lot of tax credits, too – not phase them out for higher earners, but for everyone.

            If the standard for paying taxes is “fair share” we’ll never have broad agreement.  Instead, we’ll just have envy, greed, hatred, and class warfare.  High income taxpayers, who pay by far the largest share of taxes, say that lower income taxpayers, many of whom actually end up paying little or no taxes and receiving refundable tax credits, aren’t paying their fair share.  Low income taxpayers say that the well off aren’t paying enough.  This argument will never end.  Just read the comments here.

          • Anonymous

            “If you say to your tax people, as Romney seems to have done, ‘I want every trick in the book. I want to push this to the edge,'” Rattner said during an appearance on “Fareed Zakaria GPS” on CNN. “I will tell you that as a private equity guy, I’m familiar with many of the things that he did. And I know many people who have done many of the things that he did. I do not know anyone who did everything that he did.””Some of what he did, like the IRA, I have asked fellow private equity guys,” Rattner said, referencing the account in which Romney has stored up to $100 million tax-free. “None of us had even known this was a possible trick, if you will. He has pushed the envelope all the way to the edge, to his benefit, and I think that Americans would find that pretty distasteful.”Romney has declined to release multiple years’ worth of tax returns, disclosing only those from 2010 and estimates from 2011. Rattner called Romney overly secretive Sunday, speculating that he was attempting to hide more instances of using innovative and questionable accounting tricks.

          • Anonymous

            If Romney and/or his tax accountants have done something against the law then he/they should absolutely be prosecuted.  If he has not, then he is being a smart business man.  I am not sure I would want somebody as president who would NOT use their business savvy to their advantage.  Of course Obama has no business experience (or any other experience really worthy of making him president) so all he can do is say Romney is unethical.

            Follow the law:  IF Romney broke it, he should be held accountable.  If he did not, this is beyond a dead issue.

          • Anonymous

             Approximately what income bracket are you in?

      • Anonymous

        It’s always heartwarming to read comments that stand up for folks taking in over $200,000 per year.

        Everyone on this Comments section who’s earning over $200,000 per year (or $250,000 if married) please raise your hand.

        Hmmm… That’s what I figured.

        • Anonymous

          Been in the work force most all my life in this state and have  after 40+ yrs a decent job with what I thought was a good rate of pay –so much for that ! I don’t even make 1/4 of 250 grand a yr–and don’t know many that do make that amount–No one in the corp I work for anyways  including management–very humbling indeed to realize your not as well ta do as you thought–$250,000 !  lol pipe dreams for most Mainers.

          • Anonymous

            If you wanna make money, you gotta go where the money is.  It’s not in Maine.

    • Anonymous

      That will be$1.4 billion of revenue only if income is static.  If not exended the “rates” will increased. Doesn’t mean the income will remain the same and the revenue will increase.

    • Anonymous

       HaHaHaHaHaHaHaHaHa…Reduce the deficit…Good One…HaHaHaHaHaHaHaHaHa  Man you’re killing me.  Reduce the deficit.  The blood sucking leeches that pass for politicians of all stripes never met a dollar they couldn’t waste.

  • Anonymous

    This isn’t a question about Bush tax cuts for some but not the rich. Under the Democratic plan, everyone would keep the cuts for their first 250,000 earned, but not the money after. That’s not class warfare, that’s common sense. I’m glad the President is putting his foot down and threatening to veto an extension for all the cuts. They’re expensive. If the rates go back up to the Clinton era rates, Democrats will be in a better position anyway because then any proposal they make will be a cut in itself. 

    • Anonymous

      wolfndeer, does that mean taxpayers will still have the current, and lower, dividend and capital gains rates (of 15% If beangood is correct on the rates) in 2013 as long as their income is below 250k for couples and 200k for individuals?

      • Anonymous

        Not that much is being discussed (to my knowledge), but last time the Bush tax cuts were being debated, Obama talked about making permanent the 0% & 15% rates for capital gains, but having a bracket of 20% for those who fall into the top bracket in terms of income.

    • Anonymous

       According to the CBO they already saw their worth devalued (at 2009 rates) 37%.
      These are the people that hire others and build business in this country.
      As a younger man I saw this work.
      There is something fundamentally wrong with the psyche of Americans who are constantly jealous of another person in this manner.
      Example;
      Wealthy people would buy a condo.
      They would rent this condo out during summer.
      They hired painters, carpenters, furniture shops, flooring installers, electricians, appliance salesmen, interior decorators etc. every year.
      With the income they would purchase another condo, and hire more people and services.

      You can only tax the wealthy to a point and then you loose what they have given.

      • Anonymous

        You have the talking point right, but that has nothing to do with reality. This isn’t about jealousy. Calling it jealousy is a dismissive tactic in order to avoid having a discussion about what’s really happening.

      • Anonymous

        The economic engine of the country  has always been the middle class.  That is why more or less money in their hand is what the economy rises or falls on.
        By the way, the tax increases talked about are but a few points, restoring them to the taxes under the Clinton era… a very successful time .

      • Anonymous

        “There is something fundamentally wrong with the psyche of Americans who are constantly jealous of another person in this manner.”

        I agree.  It’s a problem of human nature, and the comments to this article evidence that perfectly.

        Jealousy and hatred are stronger motivators than anything else, and they’re mighty big roadblocks to fundamental tax reform and a fair tax system.

  • Anonymous

    One billion….That is peanuts…..Why not save 5 billion a week by stopping the US slaughter of Iraqis, Afghans, Yemenis, or whomever else the rulers want to kill…

  • Dan Troop

    How about if we just completely do away with the tax code and all it’s loop-holes and have everyone pay a flat tax of 5 percent, regardless of how much their income is or where it comes from.

    • Anonymous

      Because a flat tax is regressive.

      • Anonymous

         You say that like it’s a bad thing.  Maybe of everyone had some skin in the game it would force government to be more careful with their wasteful spending.  As it is now 50% of the voters couldn’t care less how much gets spent.  In fact the more the better for them.

        • Anonymous

          Ah, yes, those Lucky Duckies who are so impoverished that they don’t have to pay income tax. Like disabled and elderly Americans.

          Guess what! Disabled and elderly people already have PLENTY of “skin in the game.”

          And if you lose your job (I’m not wishing that on you, but it could happen–there’s a lot of that going around), and your income plummets, YOU will be one of those non-income-tax-paying Lucky Duckies, and it will be YOU who’s getting slandered in these comments sections.

          • Anonymous

            There are an awful lot of people out there who don’t pay any taxes who are NOT disabled or elderly or have lost their jobs.  There are leeches on the system who will not work and are allowed to breed as an occupation so there are MORE people on the government dole.  I think everybody should have to pay taxes to some extent.

          • Anonymous

            So… because some people may be receiving assistance who don’t merit it, you are eager to force desperately poor senior citizens and genuinely disabled citizens (who you acknowledge do exist) to pay income taxes?

          • Anonymous

             Just maybe if those poor people you are always talking about had to pay some taxes they might pay attention to how that tax money is being spent  and engage intelligently in the political debate.

          • Anonymous

            Condescending.

          • Anonymous

             Explain why you think the groups mentioned by Liz should not have any “Skin in the Game”  or pay even a little in income taxes?

          • Anonymous

            You appear to believe that elderly people and people with spinal cord injuries, etc., are not capable of rational thought about politics if they are too poor to pay taxes.

            But if a person trying to get by on, say, $15,000 per year, was forced to pay taxes (how much would you suggest?), they’d suddenly become intelligent enough to have an opinion you’d accept as valid?

          • Anonymous

             The people and groups you describe are being perfectly rational in their political decisions.  Short sighted and selfish as well, but that is a different, although related,  issue.  They are voting in their best interest under the present system.  They are voting for those who promise them more benefits that they will not have to pay for.

            Actually, unless they have dependent children, the groups you mention already do pay some federal income tax.  They just pay very little.

            Federal expenditures are presently 24% of GDP  Therefore I suggest a flat federal income tax on EVERYONE of 24%.   That would truly be fair.  It would also get most peoples attention in a hurry and the pressure on Congress to reduce spending would be overwhelming.

            By the way, Total government expenditures including Federal, State, and Local are now at 40% of GDP.  This is one major reason why the economy of the US is effectively stagnant and also why using GDP as a measure of economic health is no longer valid.

          • Anonymous

            You want to take away nearly 1/4 of senior citizens’ and disabled people’s income?

            End of conversation.

          • Anonymous

            I’m simply agreeing with Obama. Everyone should pay their “fair share”.

            Interesting that you don’t agree with that.

          • Anonymous

            I think everybody should pay SOME tax.  At least get them in the game, policy-wise.  Maybe then everybody would actually CARE who is going to have to foot the bill for everybody else.

      • Dan Troop

        NO, it is actually flat or fixed. A regressive tax is completely different.

        • Anonymous

          No, a flat tax is regressive.

  • Anonymous

    I am tired of listening to Snowe and Collins about the tax cuts for the rich.  We need to end the tax cuts for the rich — they just keep getting richer and we keep getting poorer.

    • Anonymous

      Look over there-

      Don’t believe everything you hear.

      Lets get rid of that temporary earned income tax credit… I am all for that.  It cost hundreds of billions a year. It gives tax money to people who haven’t earned it.

      • Anonymous

        The earned income tax credit is just another form of welfare.  It is outrageous.  

    • beangood

      It’s an election year. Pandering that Romney and family, hardly pays any tax and letting go on a tax hike that would penalize someone like Romney is all they want of you, beside your vote. Some how they only see life as a percentage, and not actual dollars.

      Paying up to a baseline of 43.5% of  earned or unearned income, and to be as much a burden throughout the corporate world isn’t fair to anybody.

      • Anonymous

         I would say that the $3 million Romney paid in federal income tax alone is a lot more than the “hardly pays any tax”  that you state.

        And just how much did YOU pay in federal income tax last year?

    • How will increasing taxes on the wealthy help you to get more wealthy?

  • Anonymous

    I’m sure the Republicans will come up with their usual solution to every problem. They’ll hold vote number 34 to repeal Obamacrae.

  • Anonymous

    Let them end for everyone, it’s what the Democrats want – more money to waste!

    All the usual liberals here have stated that most emphatically.

  • PaulNotBunyan

    “She said the best way to handle the various tax rates, credits and deductions is by an overhaul of the entire tax system …”

    I think it’s been obvious a complete overhaul is needed for a few generations now. Politicians just parrot that and do nothing effective about it.

    • Anonymous

      This is just another tactic to allow her to vote no…. she talks from both sides of her mouth and has been a poor representative for Mainers unless they are wealthy and contributing to her.
      Collins is no better.

  • Anonymous

    Congress??  WE the people need to create a side congress made up of working people, chosen
    like the jury is, by number. The current Senate and Congress are not working for average Americans, they are working for the highest bidder.

    • Anonymous

      and themselves.  Don’t forget that.  They always come first.

  • Ya know, if both sides really wanted to make progress on the tax rate’s now, before the election cycle really goes full tilt crazy, they might thinks about compromising on the $ 250K number. Instead of limiting it to $ 250K, raise the limit to $ 750K and eliminate some of the more obvious tax credit loopholes that both sides have already said need to go. By raising the limit to $750K the tax rate’s are improved while not threatening the recovery and negotiation of a more fairer and simpler tax code can continue without a bunch of ‘Chicken Little’ screaming and hysterical theatric’s threatening the talk’s. Now, if anyone has a better idea, please, don’t keep it a secret.

    • Anonymous

      Last time Reid offered the compromise of raising the limited to 1 million and it was soundly rejected. I don’t think there will be a compromise. 

      • The closer the election comes , and the more that this option is put out there, the more it’s going to be seen as the only real option left when the GOP House is stupid enough to refuse the option and then be held responsible for what happens when the 2013 across-the-board cut’s come into effect. Like it or not, and Reid knows this, this ‘looking-down-the-gun-barrel’ type of political move has a strange and very moving effect when it comes to re-election’s and the Candidate’s in office suddenly realize just ‘how far’ their Party’s hysteric’s and theatrical nonsense have gotten them into trouble. Cantor is beginning to find that out since the current Democratic Candidate is asking this very question and all Cantor can do is dance like Michael Jackson in order to avoid giving a straight answer. Even California knows this since the California GOP is openly saying that they are losing voter’s to the Democrat’s simply because the GOP has no actual, ready to go, tax plan beyond Nancy Reagen’s ‘Just say NO’ video clip.

        The Million Dollar Compromise is rapidly becoming the only option left on the table. And even the GOP can read the writing on the wall. November is gonna be a very painful month for the GOP unless they quit thinking campaign contributor and start thinking actual tax reform and recovery.

        • Anonymous

          You’re right, I hope they take the compromise too. If they don’t, I hope the Democrats don’t give in and allow all the cuts to expire. That way, in 2013, they’ll be on a better footing because no matter what they propose, even cuts for 250,000 bellow will still be cuts and the Republicans will look like fools if they try and block that.

  • Anonymous

    What’s the problem of repealing the WHOLE Bush tax cut? I am in the lower bracket and am certainly willing to pay my share if everyone else pays theirs.

    • Anonymous

      Fine with me, provided we end all tax deductions and earned income tax credits.  Then everyone will be paying his fair share.

      • Anonymous

        If you knew how tight my budget is you would wonder how I could say that, but I believe it is the only fair way for those whom have rightfully earned their millions or billions.  We also need to cut ALL non-profits once and for all. Either they are self supporting or they will close. We can no longer afford to foot their bill.

        • Anonymous

          It seems that you may not realize the many policies, tax and otherwise that help the millionaires and billionaires.
          ‘Rightfully earned’ is not necesasarily so,  or maybe a good way to phrase it…. their rights  supercede  yours.

          • Anonymous

            I realize what you are saying is correct, yet believe it is time to stop playing the blame game, begin to live in the solution and pay down the debt. We HAVE to work together and if that means me suffering more than someone else so be it.

          • Anonymous

            Right now the most important thing for the country to do is to focus on  jobs …..  
            unfortunately with the tea party leading the Republicans there will be no working together..
            do you realize that taxes for the wealthy are at a fifty year low…
            do not buy the scare tactics of the Republicans that there is a debt catastrophe NOW… they used it during the raising the deficit fiasco and that lowered our credit rating which only added to the debt.. 
            of course there needs to be a plan to address it, but it should not again on the backs of the low and middle class…
            an improvement in the jobs picture would go a long way to help the debt. 

          • Anonymous

            Working together is very hard.  There’s too much hatred.

          • Otis B. Driftwood

             We were, for the first time, paying down the debt during the Clinton administration.  The debt at that time was largely form the Reagan, HW Bush administrations.  Then George W Bush was elected and the deficit grew unfettered 11.2 Trillion dollars..with Dick Cheney cheering on that the debt doesn’t matter.   What has been proven is that the Republicans have grown the debt more so than any political Party, and refuse to admit that all the known failed economic policies of the Republican Party do is, Create National Debt.

    • Anonymous

      I believe that raising taxes on income under 250,00 would be the wrong thing to do at this time. 
      It would hurt people who really need it and the economy at a very delicate time.  Remember that these folks are putting this money right back into the economy because they need it to live on.  That cannot be said for the wealthier folk.  And, as has been noted elsewhere the job creation myth is just that , a Republican myth.  The middle and lower class has already suffered much because of the greed and profligate wealthy class, please no more !

  • Anonymous

    Isn’t hope and change just wonderful?

    •  Give it time.  He has 4 1/2 more years coming up.

  • Intelligence ForRent

    For information about Tax Free Income please visit my café and scroll down to read the article:
    http://www.intelligenceforrent.com/georges-cafe

  • Anonymous

    Surely the gov. and his cronies would not let this happen.He and the select few of the lawmakers said no new taxes and every one will get a refund.This doesnt sound like what the gov.was saying.The lower tax bracket will carry the burden while the mitt romneys pay less % on their tax return then i do. The lawmakers will revamp the system when they have more time to cut themselves a bigger tax cut then the working middle class people.

  • Well people you finally realized that the Republicans are not going to let us have anything but continue to take from us and make us poor then we are while they continue to get richer. Here in Maine the governor is doing the same thing not telling the truth but continue to lie to us and others that he is believing his own lies.   Also why didn’t  Snow and others who were voted in office and their counter parts step in and give us help and stop Le Page from doing all this cut that has left Maine in a bad shape.  I get the feeling that they are scare as anything and can’t stand up to him for I would for the people of Maine and hope that people of Maine would step up and fight for what is right.  I can’t wait when it is time to vote him and others out for so far they do nothing for me or any one of Maine.  I like to know what money he save and where did it go since he claims Maine is in the Red.  Do you people of Maine ever wonder for I do.  So far I see no business coming to Maine to gave the unemployed people of Maine jobs and everyone knows why for one is tax, and where would they build and what Le Page has been saying about Maine.  Le Page is someone who has no clue of what Maine people want or how they feel for if he did, he would have not cut program etc . and would have new business coming in to give jobs to the unemployed etc.  

    • Anonymous

      Do you think that increasing taxes and not cutting programs would cause new business to come to Maine?  If so, why?

  • true or false

    maine has only gone down hill with snowe and collins as senators

    • Anonymous

      true, true, true…. 

  • Anonymous

    Do you realize that the Federal Reserve and the IRS was created in 1913 by the foreign Banksters. The law was Passed in the middle of the night on December 23,1913 while the vast majority of congress had already gone home for Christmas, and within an hour president Wilson signed it into law. The United States of America has been under bankrupcy receivership since then. The Federal Reserve is a
    foreign owned criminal banking syndicate that has stolen $TRILLIONS$ of our money and used our resources for mass murder,genocide,global warfare, and numerous soft kill operations through Chemicals and radiation being pumped into our bodies and environment. Stop laying there and thinking that it doesnt affect YOU. Stop thinking you are hiding and immune
     
     
     
     
     
     
     
     
    foreign

  • Anonymous

    Those tax cuts, combined with a massive expansion of government spending (two wars, etc), turned a budget surplus at the end of the Clinton administration into the ballooning deficit we’ve had for two administrations now. 

    http://en.wikipedia.org/wiki/Bush_tax_cuts

    If the tax cuts were supposed to bring more jobs, well, they’ve had ten years to put up or shut up.  Instead, we have had an economic crash followed by recession verging on depression.

  • Anonymous

    A dozen trillion here, a score or two there, pretty soon you’re $211 trillion in debt.

  • Anonymous

    I am a lower middle income person and I think it is horrible what is happening.  I look at the responsibility to the democratic party who is basically going to raise taxes again on us if they don’t get their way on trying to make people who are already paying their fair share pay more (remember they already changed the tax brackets). 
    Years ago my parents worked for wealthy people (business owners who built their own business) who paid them a very descent wage and treated them very well.
    The democrats more so then the Republicans (although politicians are politicians) are so out of touch with what is actually happening in this country,. and I think our President is constantly not being truthful.
    Also CBO put out a report on who lost the wealth in this country (I don’t know if someone had posted this or not).

    Th after-tax earnings by Americans in the top 1 percent for income fell
    37 % /  pre-tax basis they fell 36% in the same period, while the lowest 20 % saw a 3% increase, and middle workers 2% decline;

    http://www.cbo.gov/publication/43373

  • Anonymous

    The obstructionist democrats that just want to raise taxes need to get the message. It’s time to cut taxes and cut spending. Lets start by cutting the elected officials pay to $0 until a balanced budget is passed.

  • Lord Whiteman

      Getting jerked around by the traitors from the Republican party right wing is the last thing American needs right now.  We all know the dirt bag Tea party types in the GOP are only holding this bill up in order to do the maximum harm to the citizens of the USA.
     It’s nice to see Olympia doing what she can to fight against the evil that has infected the Republican party but she is just one voice against an army of vile wing nuts.

    • Anonymous

      There’s a lot of hatred and envy in these comments.

      • Anonymous

        I disagree with your take.

      • Anonymous

        What a lazy comment. You don’t have a real response so you’ll just try and dismiss it by claiming it’s all about envy.

        • Anonymous

          That’s your usual response when someone mentions hatred and envy.  Pretty soon you’ll look like Alphonse and Gaston in a revolving door.

          • Anonymous

            Okay, PeeWee Herman. Your argument is “I know you are but what am I?” Are you serious?

            Lord Whiteman made a comment and you chose to ignore all the substance within it and just dismissed it as envy. That’s lazy. There is nothing about envy in the comment, you just don’t have a thoughtful response so you dismiss it. Pathetic.

          • Anonymous

              When I see a comment that describes others as “traitors”, “dirt bag[s]”, “evil”,and” vile wing nuts”, I tend to think it’s motivated by hatred and envy and lacks substance.  You may disagree, but you shouldn’t get your panties in a knot because I have that opinion.

            Now if you want to reply further, go ahead, but I’ve got things to do today and they don’t include responding further to your comments.  So say anything you want.  Go ahead and call me PeeWee Herman again, or anything else you want.  Go ahead and say my comments are lazy.  I don’t care; I know where you’re coming from.  And if you’re unhappy because I’m not answering you, then go ahead and reply to your own replys and comments, again and again and again.

    • Anonymous

      do not believe sainte snowe… she is right with the party

      • Lord Whiteman

         Snowe like most of Maine’s Republicans have repeatedly put the needs of their party ahead of the needs of the People of Maine.  
         Once in a great while Snowe supports us so I’ll give her credit for that.

        • Anonymous

          seems to me that it is only lip service, but time will tell

  • Lord Whiteman

    Envy??? Why would I be envious of a group of traitors to their country?  Unlike them I served.

    • Anonymous

      What does your service, whatever it was, have to do with this news article about possible tax increases? 

      • Lord Whiteman

        I was responding to another posters personal attack on me.

        • Anonymous

          OK, the way your comment went into the system does not show that it was in reply to another comment.  Sometimes they’re posted that way, regardless of the commenter’s intention.

          • Lord Whiteman

            I’ve seen that happen before.  Sometimes it’s a glitch sometimes the original poster got banned or they edited their post.

  • Otis B. Driftwood

     
    It’s amazing that Obama has done more to rein in spending, control the deficit (especially in the long term), end ill-conceived wars, partner with our allies rather than engage in unilateral conflicts, avoid being the world’s cop-handing that job over to the UN, and trying to negotiate a reasonable tax policy, than any republican president since Eisenhower. All the while, the republicans, who have largely created this mess, are fighting him every step of the way, using the Fox News propaganda arm and Karl Rove’s private dirty tricks brigade to lie, cheat, slander, and generally come as close to treason as legally possible. The opposition to the Health Care Savings Act is perhaps the clearest example of the Republican- Tea Baggie Brotherhood, a Union of the Lunatic Fringe, obstructionism.

    • Liberal Soup N Crackers

      You have been drinking.

      • Otis B. Driftwood

         Fox news disabled comments on political articles after the Republican leadership asked it too. They say that it is the first step in the plan of the party to take away freedoms of Americans and to make the USA like North Korea

        • Liberal Soup N Crackers

          and you know this how?

  • Anonymous

    we don’t have a tax problem we have a spending problem.

  • Liberal Soup N Crackers

    I’m all for seeing Maine’s small businesses and employers having their taxes increased. Lets not forget the farmers, their estates and every other business that actually employs the people of Maine. When push comes to shove, everybody can just get more food stamps and public housing aid. The money tree is always full.

    On second thought, I am convinced that the proper response to progressive liberal tax and spend ruination is to make sure that the first people to lose their jobs as a result of progressive ignorance are those liberals and other useful idiots. Fire the liberals first. That is what I am going to do if I have to lay a person off. It is easy to do. Just look for the Obama bumper stickers in the parking lot.

    • Anonymous

      LOL! So much for a meritocracy! Don’t fire the bad workers or the ones who got there last, nope, go for the ones you disagree with political. Hard work pays off? Nope, not if you work for Mr. crackers.

      • Liberal Soup N Crackers

        If you support increasing the taxes on a business that will have to lay off workers because of that, why in the world would it not be fair to lay you off first?

    • Otis B. Driftwood

       You’ll notice that all the Republican Tea Baggie Brotherhood like to do is blame others, Liberals, Women, the President, Barney Frank, Harry Reid, Nancy Pelosi, The Media, on and on blame blame blame and add nothing concrete to the discussion. And I challenge you to name one thing, one positive thing; the Republicans have done in the past three years to help dig us out of the hole they created.

      • Liberal Soup N Crackers

        Scott Walker stemmed the deficit spending in Wisconsin that is turning his state around. John Kasich is doing the same thing in Ohio. The Republican House has passed numerous bills only to see them languish in Harry Reid’s Senate. The Republicans have had several votes to override Obama’s killing of the Keystone pipeline.

        • Otis B. Driftwood

           We were, for the first time, paying down the debt during the Clinton administration.  The debt at that time was largely form the Reagan, HW Bush administrations.  Then George W Bush was elected and the deficit grew unfettered 11.2 Trillion dollars..with Dick Cheney cheering on that the debt doesn’t matter, while the fiscal conservative were playing deaf and dumb.   What has been proven is that the Republicans have grown the debt more so than any political Party, and refuse to admit that all the known failed economic policies of the Republican Party do is, Create National Debt.

          • Liberal Soup N Crackers

            It was a Republican Congress led by Newt Gingrich in the House that was responsible for those “balanced budgets”, not Bill Clinton.

          • Otis B. Driftwood

             Newt Gingrich resigned in disgrace, and paying down the debt was the most important part of Bill Clinton administration.  No Republican President in the past 50 years has paid down the debt, they have only added to it.

          • Liberal Soup N Crackers

            You didn’t pay attention to what was stated.

          • Otis B. Driftwood

            It is a Republican Congress led by John Bohner in the House that is
            responsible for the “deficit spending budgets”, not President Obama.

          • Liberal Soup N Crackers

            How in hell did you lift the rock you have been living under? The Republican’s did not take back the House until January 2011 after the Democrats controlled it since January 2007. The Democrat controlled Senate hasn’t passed a budget in three years even though the Republican house has sent one to them in each of the past two years.

          • Anonymous

            Hey drift, what did the democrats do when they took over in 2007? Oh wait, that is when the economy went in the crapper.

            And hey drift, when will the democrats EVER pass a federal budget? It’s been about 4 years. The senate, under Harry Reid, has been a place where legislation goes to die. No debate, no votes. He just sits on it.

          • Otis B. Driftwood

             Sorry Josey..there is a budget, there have been 4 million jobs created since Obama took office, but It will take a while to gain back the 20 million jobs that Bush lost.

          • Anonymous

            Hahaha, 4 million jobs. You got some facts to back that up?

            You sound like Nancy Pelosi.

            http://www.politifact.com/truth-o-meter/statements/2011/sep/20/nancy-pelosi/nancy-pelosi-says-jobs-increased-faster-2010-8-yea/

  • Follow the President’s proposal, or a similar compromise.

  • Anonymous

    You forgot Obama’s daily blaming of Bush

    • Guest

      He does speak spanish…

  • Anonymous

    I am glad for the tax cuts. I along with
    EVERYONE received these cuts…which
    were to be TEMPORARY. I received extra
    money in my paycheck, made more on investments
    and did well by them. What was wrong was the
    SPENDING by the govt during Bush years and
    even more under Obama. When the senate won’t
    pass a budget and money is spent on unfunded things,
    no amount of tax increases on the wealthy or ANYBODY
    is worth the hot air wasted on the subject. More taxes
    on ANYONE is not an answer. Try real tax reform and
    then these clowns may have something worth doing.

Similar Articles