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Echoing Friday's challenge to Congress to reach a deal on the fiscal cliff, President Obama uses this week's radio address to call on them to protect middle class tax cuts:

But we’re now at the point where, in just a couple days, the law says that every American’s tax rates are going up. Every American’s paycheck will get a lot smaller. And that would be the wrong thing to do for our economy. It would hurt middle-class families, and it would hurt the businesses that depend on your spending.

And Congress can prevent it from happening, if they act now.

And the president again dared House and Senate Republicans to continue their hostage taking of the economy and American paychecks:

But if an agreement isn’t reached in time, then I’ll urge the Senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for Americans looking for a job, and lays the groundwork for future progress on more economic growth and deficit reduction.

I believe such a proposal could pass both houses with bipartisan majorities – as long as these leaders allow it to come to a vote. If they still want to vote no, and let this tax hike hit the middle class, that’s their prerogative – but they should let everyone vote. That’s the way this is supposed to work.

Make a deal or have an up or down vote ... or be the Party solely responsible for a tax hike for every American.  

Complete transcript below the fold.

Hello Everybody. For the past couple months, I’ve been working with people in both parties – with the help of business leaders and ordinary Americans – to come together around a plan to grow the economy and shrink our deficits.

It’s a balanced plan – one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest Americans to pay a little more. And I’ll keep working with anybody who’s serious about getting a comprehensive plan like this done – because it’s the right thing to do for our economic growth.

But we’re now at the point where, in just a couple days, the law says that every American’s tax rates are going up. Every American’s paycheck will get a lot smaller. And that would be the wrong thing to do for our economy. It would hurt middle-class families, and it would hurt the businesses that depend on your spending.

And Congress can prevent it from happening, if they act now. Leaders in Congress are working on a way to prevent this tax hike on the middle class, and I believe we may be able to reach an agreement that can pass both houses in time.

But if an agreement isn’t reached in time, then I’ll urge the Senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for Americans looking for a job, and lays the groundwork for future progress on more economic growth and deficit reduction.

I believe such a proposal could pass both houses with bipartisan majorities – as long as these leaders allow it to come to a vote. If they still want to vote no, and let this tax hike hit the middle class, that’s their prerogative – but they should let everyone vote. That’s the way this is supposed to work.

We just can’t afford a politically self-inflicted wound to our economy. The economy is growing, but keeping it that way means that the folks you sent to Washington have to do their jobs. The housing market is healing, but that could stall if folks are seeing smaller paychecks. The unemployment rate is the lowest it’s been since 2008, but already, families and businesses are starting to hold back because of the dysfunction they see in Washington.

You meet your deadlines and your responsibilities every day. The folks you sent here to serve should do the same. We cannot let Washington politics get in the way of America’s progress. We’ve got to do what it takes to protect the middle class, grow this economy, and move our country forward.

Thanks, everybody.

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Comment Preferences

  •  I don't mind paying more taxes (19+ / 0-)

    Taxes pay for civilization.

    What I do mind is paying more taxes for a dysfunctional government that is owned by the rich and the military, and does nothing for the poor.

  •  Yessir, Mr. President (5+ / 0-)

    worthless congress now has no choice but to take it or leave it/ like it or jump

    "Show up. Pay attention. Tell the truth. And don't be attached to the results." -- Angeles Arrien

    by Sybil Liberty on Sat Dec 29, 2012 at 07:05:19 AM PST

    •  OR this Administration and our elected Dems... (1+ / 0-)
      Recommended by:
      whaddaya

      could completely cave and give away the farm, in a deal that cuts social programs and raises little revenue.

      Hummmmm......

      •  Yup---Dems ready to give in.........Please, let's (3+ / 0-)
        Recommended by:
        Sybil Liberty, darthstar, whaddaya

        see what develops first....

      •  They'll work out a deal (2+ / 0-)
        Recommended by:
        NYCee, vigilant meerkat

        if past history repeats, it will have a couple of sops for the middle class - like preserving tax cuts for some income levels.  

        Social Security cuts are is still on the table, as are Medicare eligibility cuts. Those will likely be included in the final deal.

        The wealthy will still be protected - no estate taxes, no increases on capital gains or dividends taxes, etc.

        Hope I'm wrong.

        Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

        by Betty Pinson on Sat Dec 29, 2012 at 07:32:04 AM PST

        [ Parent ]

        •  Yeah, the avoidance of capital gains... (3+ / 0-)

          is really stunning. To think that just a short while ago it was double what it is now. But nooo, cant go there!

          Isnt that what's behind the REAL Warren Buffet argument about him making more than his secretary, the one the Dems always are hawking to make their case on income tax revenue being raised for the wealthy?

          As for the Estate Tax, I cant keep up with what has happened with that. Used to get updates, tried to push for the paltry amount they'd whittled it down to being saved from the chopping block. I remember Bush had a lot of Dem helpers, like Landrieu and Ben Nelson, working on demolishing it.

          What is the status now? I have lost the thread...

          •  Landrieu is still fighting it (0+ / 0-)

            A convenient rotating villain.

            Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

            by Betty Pinson on Sat Dec 29, 2012 at 10:01:22 AM PST

            [ Parent ]

  •  The President is standing in a good (5+ / 0-)

    Position here.  It feels like we've got the republicans on the ropes.  Let's hope they feel the pain, not just now, but for years to come.

    20 innocent children were slaughtered. The gun lobby and NRA bear responsibility and it is time to fight back! http://www.csgv.org/index.php

    by the dogs sockpuppet on Sat Dec 29, 2012 at 07:08:27 AM PST

    •  I am afraid Democrats will give away the farm (5+ / 0-)

      We should let estate taxes go up and we should let the rich pay a little more.  And we could do this if we could get a vote on such a plan.  We can't.

      What will happen is the "compromise" will be "paid for" at some point by cutting "entitlements".  This is the government the red states voted for.  I would rather force this issue and go over the cliff.

      Mrick

      •  hmm.... My glass is half full today. (2+ / 0-)
        Recommended by:
        Sybil Liberty, leftywright

        If you saw Ezra Klein last night, you would realize that our hand strengthens as this drags out.  Boehner is going to wish he took the offer on the table last week.

        Will we love everything? Probably not... But the longer the republicans obstruct, the stronger we get.  This may help us with filibuster reform as well.

        20 innocent children were slaughtered. The gun lobby and NRA bear responsibility and it is time to fight back! http://www.csgv.org/index.php

        by the dogs sockpuppet on Sat Dec 29, 2012 at 07:23:10 AM PST

        [ Parent ]

        •  Our hand may be strengthened (3+ / 0-)
          Recommended by:
          NYCee, Mrick, vigilant meerkat

          but in the final analysis, our Dem leaders are no more  willing than the GOP to raise taxes on the wealthy.

          They've worked very hard to teach us that we will dislike most of every deal they negotiate, to lower our expectations.  They've taught us we have to take the bitter medicine and stop complaining.

          Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

          by Betty Pinson on Sat Dec 29, 2012 at 07:35:50 AM PST

          [ Parent ]

          •  Pure Hyperbole (5+ / 0-)
            our Dem leaders are no more  willing than the GOP to raise taxes on the wealthy.
            The President has made clear that taxes are going up on the wealthy as part of any deal. They're going up, period, either through a deal or because of the cliff.  You'll complain that they didn't go up enough and you'll get 33 recs for saying it, but that won't make your comment any less of a lie.
            •  We'll see (0+ / 0-)

              I think we have to be realistic in accepting that the wealthy folks are the ones who fund Dem races as well as GOP ones.  They also provide highly paid sinecures after public service, too.

              Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

              by Betty Pinson on Sat Dec 29, 2012 at 09:59:47 AM PST

              [ Parent ]

          •  Does not compute, I'm afraid. We (4+ / 0-)

            Campaigned on this, and I haven't seen any signs of wavering on raising taxes on the wealthy.

            Are we all of a sudden doing rox/sux?  Cuz I don't play that game.

            20 innocent children were slaughtered. The gun lobby and NRA bear responsibility and it is time to fight back! http://www.csgv.org/index.php

            by the dogs sockpuppet on Sat Dec 29, 2012 at 08:18:06 AM PST

            [ Parent ]

        •  Tell that to Carl Levin re: filibuster reform (4+ / 0-)

          ...it is beyond stupid for some of the old Democratic Senate bulls like Levin to stubbornly resist changes to traditional filibuster rules which have become so dysfunctionally abused and distorted by the GOP minority as to present so many opportunities for a few, or even a single, Senator to grind the entire body and government to a halt.  The rationale that the rules would protect the Dems equally if at some point they again become the minority party is delusionally stupid and shortsighted: if the GOP wins a Senate majority in 2014 and the presidency in 2016, they will happily, the very first week of the session, change the Senate rules to dilute or eliminate the filibuster, precisely to prevent the Dems from using the same tactics they employed to grind their agenda to a halt.

        •  About that filibuster reform (0+ / 0-)

          See comments above about giving away the farm.

          Mrick

          •  Not a done deal. Just means they (0+ / 0-)

            Are coming to the table...

            Look I'm no cheerleader, but I get really fucking tired of all the bitching about things that haven't happened.

            20 innocent children were slaughtered. The gun lobby and NRA bear responsibility and it is time to fight back! http://www.csgv.org/index.php

            by the dogs sockpuppet on Sat Dec 29, 2012 at 08:42:05 AM PST

            [ Parent ]

            •  That's when one should bitch (1+ / 0-)
              Recommended by:
              adirtywar

              After the fact it is a bit late.

              Or to look at it another way - Not having happened is a good reason to bitch about filibuster reform, no?  Didn't we blow this opportunity last time?

              So to go back to what I originally posted, we need a mild redistribution effect in this country and the refusal of the Republicans to allow even modest taxation of the wealthy is going to result in bigger deficits and demands to cut "entitlements".  That was the whole Bush strategy about going to war and cutting taxes on the wealthy and ruffing up deficits.  And you have Democrats buying off on so called "Social Security" reform.  Yeah - bitch time is now.

              Mrick

              •  ugh, you are tiresome. I said nothing about calli (0+ / 0-)

                Or putting pressure on your senators. I'm a huge believer in action.  But bitching to me is just annoying.  Tell me you made some calls.  Maybe that'll make you feel better.  That's what I do... So I know I've done everything I can.  Bitching is just so demotivating.

                20 innocent children were slaughtered. The gun lobby and NRA bear responsibility and it is time to fight back! http://www.csgv.org/index.php

                by the dogs sockpuppet on Sat Dec 29, 2012 at 09:12:30 AM PST

                [ Parent ]

                •  Ha Ha - Calls to Jeb Hersarling - (0+ / 0-)

                  Yes for all the good it does.  How about John Cornyn - I gave up on him.  And then since Kay Baily Hutchinson was too liberal for my state we now have good old Ted Cruz.  I may pass on that call.

                  I have even called local right wing radio to try to counter some of the wingnut propaganda.  Have you done that?  They hang up on you and then talk to you like you are still there.

                  I will say this.  When Jeb Hersarling showed up at my City Hall to sell the Bush privatization of social security, he damn near got run out on a rail.  Even the Republicans were not buying what he was selling.  But they didn't vote him out.

                  Mrick

                  •  now I know you are busy just demoralizing folks. (0+ / 0-)

                    My senators are Mike Lee and Orinn Hatch... But who did I call?  Harry Reid, Carl Levin and other persuadable Dems.  Or you can keep grousing, but I don't want to hear it!

                    20 innocent children were slaughtered. The gun lobby and NRA bear responsibility and it is time to fight back! http://www.csgv.org/index.php

                    by the dogs sockpuppet on Sat Dec 29, 2012 at 12:07:12 PM PST

                    [ Parent ]

                    •  I use money for that (2+ / 0-)

                      I have contributed to out of state campaigns and I have called Reid's office.  But maybe your point is well taken that I should rattle their cage more.

                      As to the grousing - it is what it is.  Just an observation that I fear we will give away the farm.  I am already pissed about the chained CPI.

                      Mrick

                      •  ok well thanks for calling and donating :) (1+ / 0-)
                        Recommended by:
                        vigilant meerkat

                        It gives you some grouse room ;). Keep up the pressure and I hope I wasn't too peristently annoying. I'm no Pollyanna, but I'm pretty action oriented.

                        20 innocent children were slaughtered. The gun lobby and NRA bear responsibility and it is time to fight back! http://www.csgv.org/index.php

                        by the dogs sockpuppet on Sat Dec 29, 2012 at 12:21:23 PM PST

                        [ Parent ]

        •  Filibuster Reform in Senate, New Speaker in House (0+ / 0-)

          Since nothing is voted on in the House without the Speaker's permission (that's the way it works), Boehner has to be satisfied with whatever the Senate passes; if he isn't, he doesn't put it up for a vote and --

          NOTHING HAPPENS, and we go off the cliff.

          There is no way that the Senate will come up with anything that Boehner likes.  Why?  Because Boehner is now totally hogtied by the Tea Party Republicans, whom he needs to retain his Speakership.  Since Boehner doesn't want to risk losing his Speakership, it's a Catch 22, we're stuck, and nothing gets done.

          Which is why WE NEED TO GET RID OF JOHN BOEHNER AS SPEAKER!!

          So let me again draw your attention to my petition on Change.org calling on both Pelosi and Boehner to withdraw their candidacies for Speaker on January 3rd.  That petition is located at http://www.change.org/.... .  It is time for a bipartisan Speaker.  

          And I'm asking all of you, in fact I'm pleading with all of you, to please sign this petition, and let's break the gridlock that's threatening to derail the first two years of President Obama's second term.

          We know that Pelosi doesn't have a majority in the House.

          And it became clear last week that Boehner doesn't have a working majority either.

          It's time for both of them to step aside and give a bipartisan coalition a chance to do the job.

          Representatives Simpson (R-ID) and Shuler (D-NC) report that a letter they wrote, which concedes major points to both sides, now has the signature of forty representatives apiece from both parties, though they have not yet released the names.  Whether these eighty people could form the nucleus of a bipartisan coalition or not, the bottom line is that centrists have not been given a chance to step into the leadership vacuum and try their hand at solving this situation.  And in the wake of two years of gridlock, gridlock that's threatening to last another two years if recent events are any indication, it's become apparent that the current leadership structure in the House has become a millstone around President Obama's neck.

          If we want the president's second term to be a success then we must try something different, something new, something out of the box.

          Speaker Boehner, Leader Pelosi, I'm calling on both of you to step aside from the election for Speaker on the 3rd of next month for the good of the country.  It's time, in fact it's overdue, to give someone else a chance.

          The American people spoke plainly in the election:  they re-elected President Obama, they added to the Senate's Democratic majority, and they took seats away from the Republicans in the House.  What is it about "House, you're doing a bad job" do you not understand?

          Thank you for your attention, your support and your signature!

  •  POTUS looked like the grownup in the room (8+ / 0-)

    I hated the chained CPI offer.  I am glad it died a stillborn.  That said, the result is that the POTUS holds the moral high ground in this whole mess.  He can say with a straight face that the R's were completely unwilling to accept any compromise; even when it was unreasonably tilted in their favor.  Frankly, it is good to know and have on record.  He can now make that case with vivid detail and evidence.  Hopefully, that is the beginning of the end of grand imbalanced "bargains" of capitulation.  It was difficult to watch in real time.  But it is strangely reassuring to know these nuts aren't preening for leverage; they are truly unglued and unwilling to govern.  They are thugs.  You cannot negotiate with thugs.  You punch them in the nose and cast them out of the village.

    They will lose this one.  Hopefully, this is the end of the beginning for the f-ing Goldwater/Nixon/Reagan era.  

    Mmmmm. Sprinkles. - H.J. Simpson.

    by ten canvassers on Sat Dec 29, 2012 at 07:15:30 AM PST

  •  If they don't make the deal, here's how I would (0+ / 0-)

    like the up or down vote to go:

    The President calls a joint session, brings the package to the floor, and on national TV, says "Vote on it RIGHT NOW"

    "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." --M. L. King "You can't fix stupid" --Ron White -6.00, -5.18

    by zenbassoon on Sat Dec 29, 2012 at 07:24:34 AM PST

  •  Whump 'em Gangnam style, Mr. President! (2+ / 0-)
    Recommended by:
    ten canvassers, Terri

    Oh, and the GOP thought he'd just walk back and negotiate himself into a corner by giving in to a temporary extension of everything.

    The GOP is in disarray, and they can't act without their hand being forced.  Thing is, if they just admitted they lost the election, gave on a few issues, and negotiated honestly, they'd get a lot more of what they want because the Democrats are willing to please to get shit done.

    Stupid fuckers.

    Once in a while you get shown the light, in the strangest of places if you look at it right.

    by darthstar on Sat Dec 29, 2012 at 07:26:12 AM PST

  •  The damn republicans are killing America ! (0+ / 0-)

    We the People have to make a difference and the Change.....Just do it ! Be part of helping us build a veteran community online. United Veterans of America

    by Vetwife on Sat Dec 29, 2012 at 07:29:09 AM PST

  •  It doesn't amount to much for the little guy (4+ / 0-)

         I make about $100,000 a year, and the Bush Tax Mistake saved me about $200 a year.  No big deal because the Bush Tax Mistakes were skewed to his "Haves and Have Mores".  
          Even Obama talks about $250,000/year salaries.  I have never made that much money in one year, ever.  
          The fiscal discussions talk in Trillions of dollars over ten years.  Those are hard numbers to get my mind around.  Even a yearly number in Hundreds of Billions is too big sometimes.  But if we broke it down to a monthly number, I can understand that.    If we did that, Obama's $2,000 annual tax hit breaks down to $166 a month.
          At my end of the Bush Tax Mistake spectrum, it's about $16.  A case of beer a month.  I can handle that.  

    •  The issue (0+ / 0-)

      is that these small changes cause people to be more cautious in spending.

      Middle class spending drives the economy.

      Failing to extend unemployment benefits will crush the economy because more than a million people will suddenly have no income.  Unemployment benefits barely cover food for a family, so all of it is spent each month.

      If you add up everyone's $16 or $166 per month, that's literally millions of dollars not being spent to drive the economy.

      Right now the recovery is so tenuous that every dollar counts.

      So it's a bigger picture than whether we can afford a case of beer every month.  

      Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

      by delphine on Sat Dec 29, 2012 at 09:46:15 AM PST

      [ Parent ]

      •  BTW (0+ / 0-)

        not implying your comment was about unemployment benefits.

         Just used that to illustrate the major impact on the economy if just a million of us stop spending.

        So millionS of us spending $2,000 less per year, or $200 less per year, can have a huge negative impact on our economy, as well.

        Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

        by delphine on Sat Dec 29, 2012 at 09:50:31 AM PST

        [ Parent ]

  •  We needs these cuts to go away (1+ / 0-)
    Recommended by:
    Support Civil Liberty

    We really do.  They are the biggest driver of the deficit, and they benefit the rich more than the middle class.

    You know what, screw even the middle class!  The poor get almost zero benefit from the BTC anyway.  Let it go away and start over!

    Minority rights should never be subject to majority vote.

    by lostboyjim on Sat Dec 29, 2012 at 07:33:08 AM PST

  •  I actually think the best thing for our (2+ / 0-)
    Recommended by:
    maryabein, Support Civil Liberty

    economy is the END all of the Bush tax cuts.  We couldn't afford them then and we can't afford them now.

    President Obama, January 9, 2012: "Change is hard, but it is possible. I've Seen it. I've Lived it."

    by Drdemocrat on Sat Dec 29, 2012 at 07:34:55 AM PST

    •  precisely (0+ / 0-)

      this is a silly game of allowing only the top tax rates to go up. everyone needs to pull their weight and I support all brackets going up. allowing only the top bracket to go up solves nothing -- it's just political posturing by pols unwilling to do what it takes to fix the budget.

      •  Jeffrey Sachs says the same thing... (1+ / 0-)
        Recommended by:
        Support Civil Liberty

        http://www.huffingtonpost.com/...

        Actually, letting ALL of the BTCs expire barely gets us to the amount of revenue needed to maintain discretionary spending at an adequate level.  'Tis true, there's a LOT of $$$ in the top bracket, but that doesn't mean that the rest of us get off scott-free.  I, for one, LIKE the EPA, national parks, NASA, the NIH, federal courts, etc, etc, and I wouldn't mind paying a bit more in taxes to keep them running.  

    •  Wrong! (0+ / 0-)

      If we had the same progressivity in our taxes as we had in 1980, we could balance the budget with a little smaller percentage for everyone.

      (Not that a balanced budget this deep in the economic hole makes sense.)

      What is fucking us over is the taxes on the rich go down doubly. They get lower rates and they get special rates on the incme which mostly goes to them -- dividends, capital gains, inheritance.

  •  My take on this: (4+ / 0-)
    Recommended by:
    lostboyjim, quinn, whaddaya, cymricmorty

    Fuck tax hikes, fuck tax breaks, fuck them all, and the George W Bush they rode in on.  The questions that need immediate answers are:

    How are we going to make the rent next month?

    How are we going to feed the kids?

    How are we going to pay to fix the car?

    How are we going to afford to keep the heat on?

    I'd weep for the souls of this pathetic bunch of gluttonous, dim-witted pols, but they don't have souls.

  •  Lord, I hope this works. (0+ / 0-)

    Then I can stop all my Obama hatin' for a while.  ;)

    The banks have a stranglehold on the political process. Mike Whitney

    by dfarrah on Sat Dec 29, 2012 at 07:35:15 AM PST

  •  let the beat down begin. he's scheduled for (2+ / 0-)
    Recommended by:
    msirt, elmo

    meet the press tomorrow morning.

  •  Republicans are gambling that not voting... (1+ / 0-)
    Recommended by:
    CardCarryingLibrul

    for anything at this point will be less politically damaging to them than voting for tax increases for the rich.  They can claim that they kept their word about not voting for tax increases--viola! they just happened because the tax breaks expired--the GOPers didn't vote for tax hikes, they'll explain to their constituents.  

    Since most of the GOPer congress critters are in gerrymandered safe districts, they fear primary challenge by even more right wingnutty GOPers far more than they fear challenge by Democratic general election opponents.

    As for Boehner?  At this point in time, he fears challenge to his Speaker-ship next week, by his own wing-nut, tea-party contingent more than any threats by the POTUS or any further down the road consequences.  He knows that if he basically does nothing for a week or so, he may have a chance to be re-elected as Speaker.  If he actively attempts to pressure  his most conservative members -30 to 60 members-- the ones he gave so much power--he could be facing a Coup on Jan. 3.  
    He likely feels it's better to face the ire of voters with short memories two years from now, than to face the ire of his wing-nut "allies" next week.

    •  Because nothing sends a message of strength (2+ / 0-)
      Recommended by:
      kurious, TexasTom

      to your gun clingin' base better than bein' too yeller to cast a freakin' vote.

      And in their case, it's true.

      Once in a while you get shown the light, in the strangest of places if you look at it right.

      by darthstar on Sat Dec 29, 2012 at 08:08:42 AM PST

      [ Parent ]

      •  Their base isn't made of people featured in... (1+ / 0-)
        Recommended by:
        TexasTom

        Profiles of Courage, either.  And, the base is obviously susceptible to the lies of lyin' liars like their elected representatives.  So, the politicians know they can convince their ill-informed, ignorant, Fox-watching base that they stood up for them.
         

  •  It will never come to pass... (1+ / 0-)
    Recommended by:
    RadGal70

    Obama is feeling not just heat from here, but abroad, and executives from various industries.  He'll probably chop a few years off his life over this, but far too many of us saw this day coming.  Nothing will happen until January.  So long as the tax cuts are retroactive, it really is not that shocking.  Its not the multimillionaires worrying so much about it, it's those with dividend paying stocks, and those making between 250K to 1 million, of which large numbers of brokers, lawyers and doctors fret over.

    Of which I know and encounter lots of, but I told them this was going to happen, to get out of the markets, tie ends if you will, don't buy anything other than what is necessary, and stay on the sidelines cash in hand, and buy your identical portfolio back at 40% off.  Sucks to be the broker or banker, whose going to have little to no business for a few months, but they had it coming.

  •  Yeah! He's saving us from taxes!! (0+ / 0-)

    wait a second...what party is he in?

  •  A broken party (0+ / 0-)

    The Republican Party is prepared to sacrifice the fiscal well being of America in order to appease its most extreme fringes and protect the wealthiest people in this country. Where have we heard this story before? The GOP is a failing political party, and its disintegration is bringing down our entire government. Our Constitution bestows certain responsibilities on our elected lawmakers, but GOP insanity and intransigence is causing Congress to fail. The entire nation supports a key set of proposals and necessities in order to get the country running again. Only the conservative fringe is standing in the way. Time to run them over and get on with things.  -  progressive

  •  That's Not What I Want (1+ / 0-)
    Recommended by:
    cymricmorty

    I don't want to preserve any of the tax cuts. Taxes are not too high. Incomes are too low. If you are having problems paying your taxes your income needs to rise. The question is how are our politicians going to do that?

    The main way to do that is to fix the deficit that matters: the trade deficit. We need to start bringing wealth-producing jobs back to the U.S. Please tell the President that you are tired of hearing about tax cuts and want to know what he's going to do about jobs. Specifically, what is he going to do to properly manage trade so that we get our jobs back.

    Right now you are earning about 1/2 what you should be. That's because Democrats keep caving in on trade deals. Even Obama has proposed new "free trade" deals that come at the cost of your jobs.

    The President is once again off on the wrong foot. He is effectively lying to the American people by continuing to promote the Republican talk about tax cuts. The natural result of cutting is that eventually you have nothing.

    Don't let that logic continue to work its magic on the Democratic Party.

  •  Dear President Obama. (2+ / 0-)
    Recommended by:
    Jack Hare, cocinero

    Well played, sir, well played.

  •  Logical Conclusion (2+ / 0-)
    Recommended by:
    Eric Jaffa, cocinero

    "It [tax rate increases] would hurt middle-class families,..." -President Obama

    So would cutting Social Security benefits, Mr. President.

    If it's a reason for one group, it's a reason for another.

    If I was a communist, rich men would fear me...And the opposite applies. The history of all hitherto existing society is the history of class struggles.

    by stewarjt on Sat Dec 29, 2012 at 09:12:35 AM PST

  •  The way Reid was (2+ / 0-)
    Recommended by:
    cocinero, vigilant meerkat

    acting yesterday, it looked like he had to take some medicine he didn't like.

    He seemed almost sad that the outcome would not be completely palatable to both sides.

    McConnell, on the other hand, seemed downright ready to go!

    So what is bugging Reid?

    Changing the threshold from $250 to $400?  That would bug me quite a bit but it's not completely repugnant.

    Here's what would be repugnant:

    Failing to extend unemployment benefits and/or requiring a specific matching reduction in spending

    Including anything about social security (which has nothing to fucking to with the deficit)

    Including anything about medicare (which is not necessary as part of this bill)

    I'm hoping I misread Reid and/or that none of the above is included.

    Everyone knows we have the upper hand, that any "compromise" should be borne almost entirely on the right.

    We don't need to compromise.  We don't have to buy into their view of the world because we won a decisive victory in November.

    And if we do come anywhere near an equal compromise, we lend credence to their false narrative about the debt, the deficit, and government's role overall.

    Not to mention revealing more Democratic soft underbelly.

    Ugh.

    Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

    by delphine on Sat Dec 29, 2012 at 09:38:43 AM PST

    •  Harry Reid signed a letter to Obama (1+ / 0-)
      Recommended by:
      cocinero

      ...in September (along with other Senators) against cuts to Social Security in the Fiscal Cliff deal.

      I hope Harry Reid sticks with the position that Social Security should be kept out of this.

      http://thehill.com/...

      •  Remember, (1+ / 0-)
        Recommended by:
        stewarjt

        Pelosi was hard set against including SS in the negotiations, only to then claim that chained CPI (after Obama put it on the table) was "strengthening social security" and that she did not consider it a cut in benefits.

        She said this about 10 days ago.

        Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

        by delphine on Sat Dec 29, 2012 at 10:39:09 AM PST

        [ Parent ]

  •  Call it a cliff or a curb there are reasons (0+ / 0-)

    to be wary of it.   The Republicans may be afraid of a return of the benign Clinton taxes.  But Democrats should be wary of the anti-Keynesian sequestration.  The curb on military spending is appealing, but the inability to redirect spending to more socially and economically needed projects is a killer.  

  •  A Deal or An Up or Down Vote (1+ / 0-)
    Recommended by:
    cocinero

    The Senate must be going for pain killers with an up or down vote actually called for by Obama.  Could they bring themselves to take a real stand instead of being ego-crank-nasty-pants, and calling it governing.

  •  No mention of Chained CPI (1+ / 0-)
    Recommended by:
    stewarjt

    Obama should tell us if he wants Harry Reid's bill to contain Chained CPI or not.

    I don't want my future Social Security cut with a stingier inflation-measure.

    I'd prefer No Deal.

  •  A very good proposal (1+ / 0-)
    Recommended by:
    cocinero
    But if an agreement isn’t reached in time, then I’ll urge the Senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for Americans looking for a job, and lays the groundwork for future progress on more economic growth and deficit reduction.
    That's it. It's too late for a comprehensive package before the ball drops in Times Square.

    So he's just asking for an interim package to buy more time for Congress to legislate.

    Notice, however, that this interim package is a very good deal.

    The worst end of expenditures, the extended unemployment, doesn't hit. (The loss of the tax cuts will mostly affect people who can afford to pay a little more and get it back a little later. The unemploment checks are most of the income for familes who don't have any padding.)

    The tax cuts we are all, Democrats and Republicans, agreed on should pass. That that happens to be the tax cuts that Democrats want to stop at, is coincidental.

  •  The "up-or-down vote" is a winning proposal (0+ / 0-)

    If the Senate passes Obama's proposal, that puts the onus on Boehner and the House. If it's blocked by Senate Republicans, that strengthens Reid's hand for filibuster reform.

  •  Go over the Fiscal Cliff Clavin Speed Bump already (0+ / 0-)

    Speaker Boehner knows that if this is brought to the floor for a vote that there will be at least 25 republicans that will side with common sense.

    Peter Roskam is my rep for two more days. I encourage him to do the right thing. After January 2, 2013, Tammy Duckworth will be my rep having beaten Joe Walsh handily.

    I am pleased that President Obama is standing his ground on raising revenue on the top 2% although I am against having the Chained-CPI put on the negotiating table in the first place.

    No deal is better than giving onto a party that lost in every area on November 6, 2012.

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