http://news.yahoo.com/gop-starting-rebel-against-no-tax-hikes-pledge-012623817.html GOP Starting to Rebel Against No-Tax-Hikes Pledge With the fiscal cliff looming for the United States, some Republican members of Congress said Sunday they are ready to break a long standing pledge not to raise taxes. "The only pledge we should be making to each other is to avoid becoming Greece. And Republicans should put revenue on the table," South Carolina Sen. Lindsey Graham said on ABC's "This Week." Read more of the discussion of the fiscal on "This Week" today. Graham's comments followed those by another Republican senator, Saxby Chambliss of Georgia, who said last week he'll no longer abide by the pledge. "I care more about my country than I do about a 20-year-old pledge," he said in a local interview. He got support today from House member Peter King, another Republican from New York. "I agree entirely with Saxby Chambliss -- a pledge he signed 20 years ago, 18 years ago is for that Congress," King said on NBC's "Meet the Press." He added, "The world is changed and the economic situation is different." Read Matthew Dowd's analysis of the efforts to avoid the fiscal cliff. This growing chorus is about the pledge that Americans for Tax Reform president Grover Norquist has gotten hundreds of Republicans to sign. But in an interview with ABC News, Norquist says it's just a few deserters. "The people who have made a commitment to their constituents are largely keeping it," he said. "The fact is there is more support for both protecting the rates, you saw the Republican leader in the house say rates are non-negotiable, and he also talked about revenue coming from growth." But President Obama has said rates will go up for the wealthy. There could be some political cover for Republicans if the country actually goes over the cliff. All the Bush era tax cuts would expire, including those for the wealthy. Congress could then vote to actually reduce taxes for everyone expect the rich. Therefore, they wouldn't technically raise taxes and violate Norquist's pledge. But Nordquist said he doesn't think the public would buy those political moves, and he also doesn't think the country will actually go over the cliff. "I think we'll continue the tax cuts. Not raise taxes $500 billion. Obama made the correct decision (by extending the Bush tax cuts) two years ago," Norquist told us. Leading Democratic Sen. Richard Durbin also said he believes a deal is possible now that the Thanksgiving holiday break is over. "We can solve this problem," he said on "This Week," adding: "There's no excuse. We're back in town."
The tax which none of these bastards, including Norquist, have a problem with is the payroll tax, which will hit all working people in the hardest way. 2% tax hike come Jan. 1. You don't hear repubs harping about it. You don't hear dems crying about it. It's a given. If the working man can pay another 2% across the board, then so can everyone else.
Would you spend as much time as you do here on EliteTRADER.com in the P&R section of a web site(s) devoted to gay men, lesbians or pedophiles? If not, why not?
And you entire presence here on ET has nothing to do with trading. So what's your point again? Would you spend as much time as you do here on EliteTRADER.com in the P&R section of a web site(s) devoted to gay men, lesbians or pedophiles? If not, why not?
That is a very big tax hike for the working man.Since it has little effect on the rich whos income is capital gains or business owners I'm not surprised republicans aren't fighting it
And your entire presence here on ET has nothing to do with trading. So what's your point again? Would you spend as much time as you do here on EliteTRADER.com in the P&R section of a web site(s) devoted to gay men, lesbians or pedophiles? If not, why not?
YOU are the troll IQ47. You come here for the sole purpose of arguing with and denigrating those you have absolutely nothing in common with. Go ahead, refute it if you can.