According to Conference Co-Chairman Jeb Hensarling, at the Wall Street Journal, "Why the Super Committee Failed:
Even if Republicans agreed to every tax increase desired by the president, our national debt would continue to grow uncontrollably. Controlling spending is therefore a crucial challenge. The other is economic growth and job creation, which would produce the necessary revenue to fund our priorities.
In the midst of persistent 9% unemployment, the committee could have enacted fundamental tax reform to simplify the tax code, help create jobs, and bring in over time the higher revenues that come with economic growth. Republicans put such a plan on the table—and even agreed to $250 billion in new revenue by eliminating or limiting most of the deductions, credits, loopholes and tax expenditures mainly enjoyed by higher-income Americans. We offered this to avoid the even larger tax increases already written into current law that will intensify the pain Americans are feeling during these difficult economic times.
Republicans were willing to agree to additional tax revenue, but only in the context of fundamental pro-growth tax reform that would broaden the base, lower rates, and maintain current levels of progressivity. This is the approach to tax reform used by recent bipartisan deficit reduction efforts such as the Bowles-Simpson fiscal commission and the Rivlin-Domenici plan.The GOP has passed 15 pieces of job creation legislation this year, but the Dems in the Senate have refused to even vote on them.
The Democrats said no. They were unwilling to agree to anything less than $1 trillion in tax hikes—and unwilling to offer any structural reforms to put our health-care entitlements on a permanently sustainable basis.
Unfortunately, the committee's challenge was made more difficult by President Obama. Since the committee was formed, he has demanded more stimulus spending and issued a veto threat against any proposed committee solution to the spending problem that was not coupled with a massive tax increase.
7 comments:
Yes, the Dems want to raise taxes, on the 1%, to pay for the Repub wars, which cost us approx $1 trillion. You can't have HUGE war costs, based on lies, and not pay for it.
The Democrats, especially those like Nancy Pelosi (national child care?) who support bigger and more intrusive government, want to raise taxes on everything and everybody, and if you don't believe that, you have your head up your ass (one of your favorite lines, it seems). Like providing diapers with tax dollars will stimulate the economy! How can anyone support such stupidity.
Seems that target on increases in taxes moves around a lot, from the "rich", who make more than $200,000 to millionaires and billionaires, to the 1 percent ($343,927+ in 2009). You know the difference between a million and a billion? It's a ridiculous comparison.
If the current tax rates change back to 2000 levels, everyone will pay more. Why won't the Dems support the Republican proposal to simplify the tax code and make it more fair. Oh! That's right! They have all these special interest groups, one of which is themselves. They want more taxes so they can spend more on their cronies. Support my campaign and I'll get you a $500 million government loan. Haven't you been paying attention to what's going on NOW. Of course not. You're still stuck in the Bush years.
All this crap on taxes (and the Iraq war) is a liberal bullshit argument, straight from MSNBC talking points. You must watch Matthews and his ilk a lot. (Of course, even Matthews-my-leg-tingles has pulled his head out of his ass, and is now complaining about Obama).
If the "HUGE" war costs, approved by Congress (both Dems and Repubs) and the United Nations, bother you, then you should support taxes to pay for it from everyone, not just the "rich." The "rich" don't have enough money to pay for everything. BTW, if we raised taxes to pay off these "HUGE" war costs, we'd still have a trillion dollar deficit every year. Obama and your Dems are going to bankrupt us unless we stop them. You don't seem to want to. Just tax the "rich" and everything will be OK. What a stupid idea.
And if you think Bush is the only liar, you really haven't been paying attention. Everything out of Obama's mouth is a lie. Listen to his speeches. It's all about him. He doesn't give one iota about you, your family or anyone else on the planet.
Get a grip and start paying attention to what's going on now.
There is not enough tax money to steal from the "rich" to eliminate the deficit. All that would do is encourage more government spending. If you want bigger government, you are very misinformed.
I'm tired of this line of non-thinking, just regurgitating liberal talking points.
Get out of the past. Your man Obama has done nothing, absolutely nothing, to solve any problems whatsoever. Doesn't matter what Bush has done. Obama is so incompetent that he makes Jimmy Carter look good. He's done more damage to this country in 3 years than Bush did in 8.
So I expect you'll come back and call me some names. Remember, I got the delete button here.
Anyone who look at the country Bush inherited in 2000 and what he handed off in 2008, and then say 'Obama has done more damage to the country in 3 years than Bush did in 8', is living in a strange, bizarro, world, and I refuse to waste another minute in this fantasy land. Adios
Bye bye then. Have fun out there in lala land.
One LAST post. What's scary is the fact that there are people 'out there' like you, who don't have clue, becasue your whole life you have sucked at the tit of the Gov't handout, and you don't know any better, cuz it's your whole life, in your tiny Texas world, where Bush is a HERO. You're pathetic, but unfortunately, not unique. Go ahead and delete me, you chicken s**t.
YEA! You know he's just going to delete you. That's how they do it, if you don't agree with their right wing crap.
I won't delete Steve the FamGuy from the Denver area this time because his comment is so illustrative of the debating technique of left-wingers. Just throw insults.
It's because they know they can't win on the facts.
But I'll use his techniques here to show you how bad they are.
First point. You don't know anything about me. So I'm sucking off the govt tit? You must have been the one comment I deleted after you said I was an idiot becaue I was a government employee. I thought you guys liked and wanted a bigger government that runs our lives, so I would think you would worship government employees.
I served in the military for 25 years so idiots like you still have the right to express your lala land ideas. I did shit that you sniviling civilians could or would never do. We won the cold war, which I guess in your small brain never existed. So go fuck yourself.
Secondly, for the umpteenth time, I'm not a Texan. I work here. Yes, I'm part of the productive class of Americans, not the taking class. So go fuck yourself again. I think you worked once in Texas. Does that make you a Texan?
So you've had a bad experience with Texans, so all Texans must be bad. If I said that I had a bad experience with home builders or insurance adjusters (and I have) that all builders or adjusters were bad (and they are not), I'd be thinking like you. Actually, not thinking clearly. You just don't get it. Your muddled little brain can't see it.
All I can say is that your inductive reasoning skills were never developed. You sound like a whining left-wing hippy from the sixties, which I guess you still are.
So keep writing your blogs about how bad Bush was and how bad Fox News is, because you really don't know what's really going on.
And you know what? Fuck Bush. He's gone. You're still so wrapped up in your hate, you can't see what the current powers in DC are doing to our country, which will turn out to be worse.
And for anonymous, "right-wingers" -- I guess you mean conservatives -- don't delete ideas we disagree with. We just delete insults, which is your main debating technique. We actually believe in the constitution. You guys just say you do, but your actions speak loudly. We're not the ones that shout down opposing ideas, which is what you "left-wingers" do all the time. So go fuck yourself too.
So bring it on. You want to debate the issues with facts, fine. But I'll bet you don't, because you know deep down that liberal ideas and policies don't work, never have.
So happy Thanksgiving everyone. I'm thankful that I am an American, living in a country (at least for now) that allows liberty of thought and opportunity. Which the left wants to take away from us.
Post a Comment