Personally, I’m not entirely certain why the Obama administration is so adamant about raising taxes on small businesses, but they’ve at least abandoned their previous position where a possible early end to Bush-era tax breaks (now scheduled to expire in 2012) was on the debt ceiling negotiating table. Unfortunately, the White House is still adamantly refusing to accept the pesky objective reality that there are no Magical Revenue Generators that will allow the country to boost the tax-to-GDP revenue ratio to 25%, forever. In other words, the Democrats don’t want to even think about making spending cuts, and they’re reacting to exasperated Republican calls for them in precisely the same way that pigs react when you don’t refill the trough with swill. I know that people out there get exasperated with the GOP some times, but if there’s been a better contrast in recent memory between Bad and Worse* than in the comparison of this Congress to the last one, I can’t think of it offhand. Moe Lane ( crosspost ) *More like Not Perfect and Hideously Awful , in my personal opinion – but I sometimes have to factor in a certain institutional pessimism when I write stuff for the VRWC.
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White House caves on tax hikes in debt ceiling talks.
A mystery lies at the heart of America’s budget politics. In the weeks since debate began on raising the debt limit, President Obama has faulted Republican budget plans as a way of giving favors to “millionaires and billionaires” at the expense of the poor and aged, just as he did during last winter’s quarrel over retaining the Bush tax cuts. He does this because it places the public firmly on his side.
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Rich Irony
T his is the first of what I hope will become a weekly occurrence – a caption contest for the Redstate readers. I will be aiming for Saturday mornings around Noon each weekend, and will leave it open through Sunday night. A winner will be chosen from all the suggestions, and the speech balloon will be filled in with the best caption. Have fun!
Read more from the original source:
Saturday Morning TobyToon – Caption Contest #1
Filed under: Humor , Taxes , Chaos Theory , Unemployment They’ll gladly feed you Tuesday for a financial beating today.
Filed under: The Capitolist A proposed House amendment would set the estate tax at 45 percent, with an exemption of $3.5 million. Senate Republicans say they don’t intend to budge if the bill is sent back to them.
