The Bush Tax Cuts Are Now the Obama Tax Cuts

[CountArtha]

"President Barack Obama signed into law a huge, holiday-season tax bill extending cuts for all Americans on Friday, saluting a new spirit of political compromise as Republicans applauded and liberals seethed.  The benefits range from tax cuts for millionaires and the middle class to longer-term help for the jobless."

"The vote was 277-148, with each party contributing an almost identical number of votes in favor -- the Democrats 139 and the Republicans 138.
"Some Democrats complained that the package is too generous to the wealthy; Republicans complained that it doesn't make all the tax cuts permanent.
"The bill's cost, $858 billion, would be added to the deficit, a sore spot among budget hawks in both parties."

Needless to say, I approve - but they'd BETTER make some frigging spending cuts.

Discuss.

 

[Evilknightz]

A necessary evil.
****ing Republicans.

 

[ComingWinter]

****ing Republicans.

Approved by a President Democrat no less. Obama should have had some balls and cut this down.

 

[Regendur]

I approve of this measure. It actually shows some balls to diplomatically have a bipartisan bill. Now that he's compromised with the Republicans, he might be able to convince some of them for his own agenda.

As for the cut itself? I'm not sure. A motive behind it may be Keynesian ideals, though. I doubt that it will work though, as businesses will likely only invest when they feel the economy is stable enough that they can predict what will happen - which certainly is not happening with government experiments and changes to taxes.

 

[Evilknightz]

****ing Republicans.

Approved by a President Democrat no less. Obama should have had some balls and cut this down.

What choice did he have?

 

[CountArtha]

Well, he could have vetoed it.  Then again, he actually tried to dissuade House Democrats from voting against it.

 

[Almalexia]

Well the tax cuts are still around, so I still have the liberty of lounging around my McMansion, so I'm happy.

 

[Evilknightz]

Not the point. The American people can't handle those taxes ATM.

 

[CountArtha]

Well, raising the national debt isn't any better, but he was gonna do that anyway so I'm okay with it.

 

[ComingWinter]

Now that he's compromised with the Republicans, he might be able to convince some of them for his own agenda.

Didn't he try that before though? I remember reading something early in his term about despite being bipartisan, he still wasn't winning Republicans over.

 

[Almalexia]

I remember him not doing **** early in his term.

 

[Evilknightz]

Uhmmmm Ahem.....Stimulus....

 

[ComingWinter]

 

[Regendur]

Uhmmmm Ahem.....Stimulus....

I remember him not doing **** early in his term.

 

[Evilknightz]

But yeah, he stabilized the economy. The only way to see that is to see what would've happened if McCain had won.

 

[ComingWinter]

The economy is not stabilized, from what I understand it's slowly getting worse and is predicted to get worse still before it gets better.

 

[Almalexia]

But yeah, he stabilized the economy.

I remember him not doing **** early in his term.

 

[Regendur]

That earns a high five, TDM.

 

[Evilknightz]

But yeah, he stabilized the economy.

I remember him not doing **** early in his term.

You remember incorrectly.

 

[Almalexia]

You remember incorrectly.

Okay, okay, I concede, he successfully proceeded to drop our national debt off the deep end with a ****ing ton of lead. Happy?