From Steve Benen, THE MAN, in my opinion.
And here is Steve’s explanation of the chart.
I thought I’d go ahead and create a visual for this. The left column shows the cost of the Republicans’ high-end tax cuts in the deal; the middle column shows the cost of President Obama’s progressive priorities like an extension of unemployment benefits; and the right column shows the cost of the tax cuts for those making under $250,000, which both parties generally supported. (The y axis is in billions of dollars.)
And this sentence was also in the post, gotta love real progressives.
Tim Fernholz asked rhetorically, “Was anyone else expecting a $450 billion stimulus this year? Me neither.”
This is my favorite part from President Obama’s press conference from yesterday about the deal he just cut with the Republicans. It’s the part that pissed off the “amateur left”…formerly the “professional left” and caused them all to throw themselves prostrate on the floor, kick, scream and cry bloody murder. These self appointed people who claim to be or represent the “base” are full of shit and the only thing they are the base of is a big pile of shit…the media. Get them my president…
That is so fucking awesome. A civics lesson for the neophyte blowhards that are completely full of themselves, yet when I mention their names to any of the hundreds of college students I come in contact with weekly, they say “Who the hell is Ed Schultz” or “Isn’t Keith Olbermann that guy with the giant head on MSNBC”….or “I don’t know who you are talking about.”
Thank you President Obama for getting what you could get before the Evil Party takes over in January. The real base understands that you didn’t want to do it, but had no choice. Keep on doing your job and fuck the talking heads who at this point are muffled because their heads are so far up their asses.
Nicole at Political Ruminations has a post up that gives some perspective to the deal the President just struck with the Evil Party. It has to suck to be in a Whitehouse that has no one to cover their backs, no one to help you put up the good fight against the lockstep Evil Party, no one to help you sway public opinion, no one to help explain nuance….but a whole hell of a lot of people who point fingers at you, call you names, are impatient and lazy and who are still bitter that an unknown black guy swooped in and won the presidency. From ABC, courtesy of Nicole…
“We wanted a fight, the House didn’t throw a punch,” a senior White House official tells ABC News, pointing out that for months before the 2010 midterm elections, President Obama was making the case against the Bush tax cuts for wealthier Americans. “The House wouldn’t vote before the Senate, and the Senate was afraid they’d lose a vote on it.”
“It was like the Jets versus Sharks except there weren’t any Jets,” the official said. “Senator Schumer says he wants a fight? He couldn’t hold his caucus together.”
“This isn’t a debate in a lab somewhere,” the official continued. “People’s taxes were going to go up, and then we were going to have a Senate with a slimmer margin and House under Republican control.”
Another senior White House official said that under the new Congress, it was likely all the White House would have been able to get as a concession was maybe seven months of extended unemployment insurance, as opposed to the current deal — with a payroll tax reduction, business write-offs for investments, and continued child and college tuition tax credits.
I swear that Joe Lieberman was put on this planet to annoy me. I think he was the main reason that Al Gore didn’t win in 2000 (throw Nader in there too) and of course since then, he’s been nothing but a complete and total asshole…and I’m really being kind in my adjectives here. Crooks and Liars has a post up about how Ole’ Joe thinks that the Dcmocrats are going to extend the Bush tax cuts for the wealthy after the election.
Sen. Joe Lieberman said Sunday that he believes that when Congress comes back into session this fall that Democrats will vote to extend tax cuts for the wealthiest Americans.
“We’ve got to extend these tax cuts,” Lieberman told CNN’s Candy Crowley.
Failing to extend the tax cuts is “the surest way to send America back into a second dip of a recession,” he said.
“My guess is that the probability is that we will extend the so-called middle-class tax cuts permanently so to speak. And we will agree to extend the tax cuts on high income earners for at least a year or two,” said Lieberman.
I say the Obama administration has reason enough NOW, to not do it….just to stick it to Lieberman, prove that asshole wrong. LIEberman loves getting under the skin of the firebaggers, and this is the sort of thing that they fall for hook, line and sinker. Watch all the firebaggers heads explode over this in the next day or so. They’ve already been trying to use this notion to beat up on the president, when he has made clear in many ways that he is not going to do it. I firmly believe that it will not happen, and I hope I’m not proven wrong. I hope the president stands up to the “conservadems” and either vetoes a bill or signals that it just ain’t gonna happen. Until then, I’m sure the turncoats in the progressive movement will use it like the Fox News clones that they are.
Steve Benen has another great post up about the tax debate and reminds us, with the help of others, that the wealthy are paying less than they have for many, many years. Look at this chart for visual proof, courtesy of Moveon.org…
Of course the top rate really doesn’t have much to do with how much they actually pay. I saw this great comment over at Bob Cesca’s Awesome Blog, Go – from GrafZeppelin127
I could go on and on… taxable vs. adjusted gross vs. gross income … marginal tax rates on the -last- dollars, not the first … deductions vs. exemptions vs. credits … gross revenue vs. net profit … Schedule C …
There is so much about how the federal tax system works that so many people try so hard not to understand when it comes to political debates about taxes, and it’s frustrating to someone who does understand it. I get sick of pointing out that income is taxed, not people. I get sick of pointing out that only profits are taxed, not revenues. I get sick of pointing out that a rich person pays the same tax on the first X dollars of his income as a poor person who only makes X. I get sick of pointing out that rich people have a lot more untaxed or tax-deferred income than poor people, meaning rich people are taxed per annum on a smaller percentage of their total income than poor people. I get sick of pointing out the money businesses use to “create jobs” is not taxed against that business by the federal government. I get sick of pointing out that a business that makes zero profit or operates at a loss pays no federal income tax. I get sick of pointing out that no one “creates jobs” using his personal, after-tax income.
You can’t expect people to understand things when something in which they have a personal stake depends on their not understanding it.
That says a lot in a paragraph. I am saving it for ammunition against the brain dead people on the right who really have no clue and simply spout Republican talking points. I was fortunate to grow up in a wealthy home, after my mother remarried (my dad died when I was 6 in 1968), and I was fortunate to have a mom and step dad who were liberals. My parents didn’t mind paying their fair share, were lifelong Democrats and pretty much kept the local Mission running. They used to get phone calls from the Mission when they were running low on funds and my mom and dad would write them a check. We used to see homeless people wearing my dads donated clothes around the mission, colorful golf pants, expensive shoes…driving by the mission was sometimes humorous, we had the best dressed homeless people in the state. So I learned as a teenager that those who are more fortunate than others should help their fellow man. I try continue that legacy to this day.
Lastly, for anyone keeping score……that project I was waiting to hear about…..it’s a go. I’m off to New York City next week to sign the contracts and work out the shooting schedule and other details. Once the papers are signed, I’ll share the project with you in case anyone is curious. I can’t wait to make some extra money so I can help out my struggling community.
Here is a news report and some clips from our excellent president, the Republicans give him so much material for his stand up.