Archive for tax cuts

Report: Majority of WI GOP-backed income tax cuts would go to those making over $100K

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walker world

Day after day, post after post, it becomes more and more obvious that Republican have no intention of “reinventing” themselves, only their superficial, fake “image.” The party may think nobody’s noticing what’s behind the curtain, but apparently young voters (among others) are. They see the GOP as “closed-minded, racist, rigid, old-fashioned,” and not “open-minded, caring, or co-operative.”

Here’s something else they are: Perpetually devoted to the wealthiest people and corporations at the expense of regular working people. Wisconsin Republicans have made that perfectly clear.

Via The Journal Times:

A Republican lawmaker’s proposal to expand income tax cuts beyond those initially proposed by Gov. Scott Walker would mostly benefit taxpayers making more than $100,000, a nonpartisan analysis released Monday found.

The average tax cut for 2015 under the proposal would be nearly $300, compared to the $83 average for an average taxpayer under Walker’s plan, according to the analysis. [...]

The report came as Republicans who control the Legislature wrangled over major budget items in closed door meetings, negotiating last-minute deals on cutting income taxes, expanding private voucher school programs, funding public schools and rejecting a federally funded Medicaid expansion.

So what else is new, right?

Please proceed.

same old

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What I will not write about today

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frustrated smaller

This may become a regular feature.

Sometimes I get so frustrated and/or disheartened and/or annoyed by some of the news stories of the day that I can’t bring myself to write about them. Here are a few recent reports that made my blood pressure hit the roof. I am avoiding delving into them at length out of concern for my physical and mental health:

See what I mean? So who’s up for a couple of Margs or a trough of wine?

drunk happy

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“People have figured out what Republicans want: Cut taxes for the rich and if the country goes to the dogs, it is Obama’s fault.”

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blame obama

Today’s L.A. Times letters to the editor, because our voices matter:

Re “Obama’s dangerous experiment,” Opinion, Feb. 28

Rep. Howard P. “Buck” McKeon (R-Santa Clarita), the chairman of the House Armed Services Committee, fails to mention that he himself voted for the “sequester” in 2011.

Two conclusions can be made: that he agreed with these cuts at the time, or that he negotiated in bad faith, planning to undo the cuts that he didn’t like at a later date.

McKeon infers from President Obama’s behavior that the administration wishes to “hollow out” the U.S. military.

I infer from McKeon’s behavior that he wishes to protect a small number of defense contractors (that donated large sums to his campaign) at the expense of the large number of average citizens in his district who benefit from social programs.

Richard Olmstead
Van Nuys

***

McKeon mentions the president’s proposals to avert sequestration, then goes on to blame Obama for all the ills that sequestration will visit on the military. Huh?

He also whines about previous cuts to the military budget, despite the fact that one GOP-initiated war has been wound down and the second is in the process of being ended.

The Republicans can’t have it both ways — either focus on the budget cuts and suck up the pain, or work with the president to find alternatives.

Enough with the hypocrisy.

Brent Vanderwood
Mission Viejo

 ***

Dear Congressman: You may be absolutely right about what may happen to the military and to civilian jobs because of the sequester. You may also be absolutely right that it really was a “dangerous experiment.”

But I did not think that Republicans would care so much for cutting budgets that they would rather destroy the country.

People have figured out what Republicans want: Cut taxes for the rich and, in that fight, if the country goes to the dogs, it is Obama’s fault.

I am a small-business owner. Can you tell me what you have really done for us? If more people had money, I would have more customers. I do not make money when only the rich can afford my products and there are not enough people in the middle who can.

Sam Mookerjee
Canoga Park

***

If one were to look at the yea and nay votes in the House on the sequestration bill, one would see that McKeon voted in favor.

If civics were still taught in our schools, we’d see that the president can create no laws; that is the job of Congress — the Senate and the House of Representatives.

So now my elected representative is blaming the president for the sequestration problem? Doesn’t sound to me like the party of “personal responsibility” is capable of taking any.

Doug Kimball
Lancaster

***

The sequester is wrong, but McKeon’s solution is absurd.

The Republican bill passed in the last session would cut deeply into programs for the poorest in our country to maintain a level of military spending that dwarfs the rest of the world’s.

Now, while we are in a recovery period from the recession, is not the time to be cutting spending. We should have a short-term stimulus package coupled with a long-term tax reform and spending package.

We do need to do something to control the cost of Medicare in the long term; the healthcare law is starting to address this issue.

Michael Ubell
Oakland

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Under Gov. Scott Walker, WI private-sector job creation “slowed markedly,” and his income tax cut helps rich more

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scott walker no jobs

Wisconsin Governor Scott Walker made a major campaign promise that his state on his watch would add 250,000 private-sector jobs by the end of his term.

How’d that work out for you, Scotty?

JSOnline:

Job creation in Wisconsin slowed markedly between July and September, according to the most recent available government data deemed credible by economists. [...]

Friday’s report also contained the weakest reading since the 12 months of September 2009 to September 2010 – a period that overlapped with the last recession. [...]

The last time that Wisconsin appeared in a national ranking of the Quarterly Census, it was for the 12 months through June 2012. Then, Wisconsin ranked 42 out of the 50 states in private-sector job creation, a decline from a rank of 37 in the previous period, from March 2011 to March 2012.

That makes Wisconsin a laggard in job creation even by the glacial standards of the national recovery, which has moved far too slowly to absorb the millions of unemployed left over from the 2007-’09 recession.

See how well union busting and austerity work?

but wait there's more

According to the Wisconsin State Journal and an analysis by the Institute on Taxation and Economic Policy done for the Wisconsin Budget Project, Walker’s full of crap. But then we already knew that.

TheNorthwestern.com explains:

Gov. Scott Walker’s proposed income tax cut would give more money back to the rich than it would the poor, despite his billing it as a boon to the middle class, a new analysis shows.

promises promises smaller

Andrew Reschovsky, a UW-Madison professor of public affairs and applied economics:

“There is no evidence that the tax cut will do much to encourage growth and job creation.”

Mark Schug, a UW-Milwaukee professor emeritus who now consults in the area of economic education:

[S]uch a cut is not likely to be an economic boost. “I do tend to think that the income tax reduction is not sufficient.”

Of course, even after all these stats and expert opinions, Walker’s fellow Republicans will undoubtedly continue to march in lockstep, livelihoods of the 47%/99% be damned:

[T]he Republican-controlled Legislature will now take the next four months making changes before voting on it likely sometime in June.

They’re nothing if not predictable. Be proud, Koch brothers.

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John Boehner is a squish. He says he ain’t.

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boehner squish

Memo to Progressives: We have a new meme to introduce, and it is with fake solemnity and stifled laughter than I implore you to get the word out.

Here it comes.

Ready?

The Boehner is a squish.

Run with it. Savor it. Eat it for breakfast, lunch, and dinner.

Oh, but I kid The Boehner.

The Hill:

Speaker John Boehner (R-Ohio) is sharing his regrets about his “fiscal-cliff” strategy, less than a month after the House bitterly swallowed a last-minute deal hatched in the Senate.

In a private speech to the Ripon Society [a 50-year-old GOP advocacy group] on Tuesday, Boehner said that he should have taken a different course after the November election by immediately demanding that the Senate produce a bill to avert the worst parts of a combination of tax increases and spending cuts [...]

“Some of our members don’t realize that while I may be a nice enough guy, and I get along with people, when I was voting I had the 8th most conservative voting record in the House,” he said. “But a lot of our newer members – they don’t know that. And so, you know, they think I’m some squish, that I’m ready to sell them out in a heartbeat, when obviously, most of you in this room know that that ain’t quite who I am.”

Oh we all know who you ain’t and who you am, Boehner… you big regretful squish, you. Sniffle!

popeye I am what I am

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Chart: Taxes schmaxes. Three-Quarters of deficit reduction has been via spending cuts

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taxes schmaxes

chart deficit cuts not taxes

With the state of the economy as it is today, stimulus is a good thing. Spending works when done right, but austerity is not what we need right now. Yet Republicans insist on austerity measures which, as we’ve witnessed and is painfully evident overseas, are one big fat fail.

Visit NBCNews.com for breaking news, world news, and news about the economy

David Cay Johnston:

“They do not want him to succeed. There`s no question about that. They are assert that spending more money is wrong. We really need to be spending a lot more money, fixing up our infrastructure and creating jobs and making the economy run better.

Think Progress has way more than this so please link over:

When McConnell tried to claim on ABC’s This Week that revenue was off the table, anchor George Stephanopoulos wasn’t having it. And the numbers show he was exactly right.

I responded to McConnell’s cut, cut, cut/stop spending gibberish here: VIDEO: Mitch McConnell is a lying, evasive GOP Sunday talk show hypocrite.

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Who Won?! Hint: Rhymes with Schmeric Schmantor.

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It's on 2

Today’s guest post is from my long time, dear friend, a TV writer-producer with an endless and impressive resumé, and regular TPC contributor, David Garber.

WHO WON?!!!

With the pending agreement on a last minute bill to prevent the fiscal cliff, you gotta ask yourself who won?

There are always winners and losers in these budget showdowns. The surprising answer may come very soon. And not the answer most people might be thinking. In the chess game that is constantly played for power in Washington, sometimes little things don’t get noticed or recognized until later on down the road. Sometimes it’s the subtle moves made before the big move. It’s the traps that are set and if you’re not careful, you’ll become ensnared and then it’s “check” and “mate.”

Certainly the people of the this country would appear to have gotten a semi-win. The financial markets got a win. The Republicans, for the most part lost. The Democrats for the most part won. The Speaker of the House lost and big time. The President of the US, elected by the people for his position, not just his party (like Boehner) looks like a winner. But none of those are the gand champion. Not by a long shot. The biggest winner is — ta-daaa! — Eric ‘The Mighty Mouse’ Cantor. He finally got what he wanted — the new power position of the Republican party. Yup, good ol’ preppy, Eric. He now leads the party of the dysfunctional. He betrayed his leader, sold him out and now is taking the reins.

Boehner has lost his control. He’s led his party to bowing under pressure and listening to the will of the people (oh,doesn’t that sound Democratic) and vote for a tax increase on the rich. And if you’re making $400K a year, you’re rich. Hell, if you’re making $250K a year, you’re rich. But along comes Cantor — the supposed best friend of Johnny Boehner — and like Brutus to Caesar, stabs him in the back and leads the right-wingnuts by voting against the bill. And why? It wasn’t because it didn’t include the Sandy Hurricane relief. He doesn’t care about that. It’s that he now can move to the front of all those Republicans who had ‘zero tolerance’ for any tax hikes of any kind. And with the Speaker caving, with party members nervous about being primaried by the far right conservatives in 2014, they’re going to need a leader. A man who represents them and their anger. And Cantor, in severing his support for his party’s House leader, separated himself and now is poster boy for a party that’s become overtly fractious and out of touch with the mainstream.

Being leader of the Republicans right now may not be the best job in the world, but it beats being the “gofer” for the Speaker. And that’s what Cantor had become. He did everything to get the Speaker to put the bill on the floor where everyone knew, despite their wishes, it had to pass. Cantor behind the scenes would tell Boehner this is a bad bill but you’ve got to do something — so put it to vote and we’ll have your back and save your face. Cantor then just left Boehner to swing in the wind. And while choking for air, Boehner drops the power baton right into Cantor’s devious hands.

Watch for Cantor to make a power play which will split the party. This will be fun to watch and nobody deserves it more than Boehner. As he and Cantor duke it out, maybe we’ll see some changes in the strident insanity of party leadership. There could even be some movement to becoming a bit more moderate as the single Republican party becomes two. But we’re sure going to get quite a show. Buckle your seat belts. Let the little ride attendant,Mr. Joe (Scarborough) punch your ticket as the lions are led in to face the Christians in the Colosseum. We’re just about to get onto Mr. Toad’s wild ride. Popcorn or cotton candy, anybody?

For the past 25 years, David Garber has been serving as the show runner and or writer on some of television’s biggest hits… Saved By The Bell, Power Rangers, 227, Bill Cosby Show and many other network series. His writing and producing have also netted David two very prestigious awards:the PRISM AWARD and the TV CRITICS AWARD – TV SPECIAL OF THE YEAR. Currently he’s authoring a short story series called “A Few Minutes With…”

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