Sanders Filibusters Tweaked Tax Bill

At 10:25 a.m. this morning, Sen. Bernie Sanders, the independent from Vermont, began a lengthy speech on the Senate floor to block President Obama’s $858 billion tax bill. “You can call what I am doing today whatever you want, you it call it a filibuster, you can call it a very long speech,” Sanders said. “I’m not here to set any great records or to make a spectacle. I am simply here today to take as long as I can to explain to the American people the fact that we have got to do a lot better than this agreement provides.” At this point, it’s a full-blown filibuster. Colloquys aside, he’s now pushing four hours.

It’s nice to see a lawmaker stand up for his convictions, but Sanders has a steep uphill climb. As I wrote on Tuesday, some of the Senate Democrats signaling strong opposition to the framework hammered out by the White House and Congressional Republicans likely did so to boost their leverage as they haggled for deal sweeteners. Now those sweeteners have arrived. On Thursday night the package was reworked to extend renewable-energy provisions from the stimulus, including an ethanol tax break of 45 cents-per-gallon and a popular grant program that gives companies working on solar, wind, geothermal and other renewable-energy projects a federal cash credit of up to 30%. The ethanol break could help entice wavering farm-state Democrats, while more than a dozen Democratic senators had sought the extension of the cash grants. (Check out our colleague Michael Grunwald’s take on why the latter is good, the former not so much.) Harry Reid has announced his support, and while conservatives from the DeMint wing could defect because of its impact on the swelling federal deficit, it seems set to sail through Monday’s scheduled 3 p.m. cloture vote.

Its path through the House is a little trickier and just as raucous. In a non-binding voice vote yesterday House Democrats resolved not to bring the bill to the floor in its current version. A letter circulated by Rep. Peter Welch of Vermont, which assailed the bill for being “fiscally irresponsible” and “grossly unfair” to the middle class, attracted 53 signatures. “The heart of the concern from Democrats is the billions of dollars in debt that are going to pay for tax cuts for very wealthy Americans,” Welch told TIME. “Will it create new jobs? Very few. Will it create debt? Yes, big time. We can’t afford to be this reckless with a credit card. If we’re going to borrow money, it should be so that at the end of the day we have a mile of broadband, a mile of high-speed rail, the retrofitting of public buildings to make them more energy efficient. Then, at least, generations of Americans will share the benefits just as they’ll share the burden of paying for them.”

Recent tweaks, however, could prove more palatable to some of his fellow Democrats. And with House Republican leaders backing the measure, President Obama expects the bill to pass the lower chamber. “Here’s what I’m confident about, that nobody — Democrat or Republican — wants to see people’s paychecks smaller on Jan. 1 because Congress didn’t act,” Obama said during an interview with NPR’s Steve Inskeep. Having stuck his neck out this far, he’d better be right.

Related Topics: Budgets, Congress, Democratic Party, Economy, Uncategorized
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  • Paul-no not that one

    Brown D-Ohio said he would join Sanders and Franken D- Minn suggested he would to.
    .
    Are they? And are there any others?

  • http://milascurtains.wordpress.com milascurtains

    unfortunaelly Dems are not strongly united.
    Otherwise they could win this one.
    And could win American People back.
    still
    could they?
    ?

  • square1

    This is insanity. Both parties ignore the continuing employment crisis in favor of posturing on the deficit. And now they join together in a full-blown orgy of deficit-exploding tax cuts. And those who object are bought off with more unfunded spending.

    So much for “austerity” and “sacrifice”.

  • http://gum0nshoe.wordpress.com gumOnShoe

    I think it is something amazing that it isn’t the Republicans who have been forced into a filibuster. waytogo…
    ·
    But I can’t say I disagree with the filibuster. It may be what’s best for us. It’d just be better if someone else was doing it.

  • stuartzechman

    So now the Cornhusker Kickback Calvary has arrived to save the Obama-GOP tax deal.
    .
    Great.

  • doddeb
  • Alex Altman

    Paul: Brown and Landrieu have helped spell him.

  • bobcn1

    Obama claims he must make concessions to the wealthy because the American people are being held hostage by the GOP. I believe they are. The main problem I have with Obama’s deal is that he didn’t get the hostages released.

    I could hold my nose and support the deal if the Dems would demand one more concession: Make the tax cuts for those making below 250k permanent. Only the extension of tax cuts for the wealthy would remain temporary. Free the hostages.

  • Paul-no not that one

    Thanks doddeb and Alex.
    .
    Landrieu? Lieberman shows something on DADT and now this? Weird week.

  • Ivy_B

    When I read that ethanol subsidy, I rolled my eyes – not that again. You said it well.

  • gwbc

    senatoinker landriieu?
    there must be something in the trough she wants

  • Ivy_B

    I really don’t want this to pass. Surely no one believes that the weakling congresscritters who were afraid to vote before this election are going to find courage to vote for repeal before the next one?

    The hidden treachery in this is the damage the payroll cuts will do to the Social Security fund, making a “fix” a necessity when it is not now.

    Also very little attention given to the fact that the unemployment continuation is not for very long and that it only affects newer claims, not those who have been out of work the longest.

    Add all that to the deficit for so little – of course the deficit doesn’t matter now, until the Repubs win this and then it will be crucial for any other spending.

  • grape_crush

    “Here’s what I’m confident about, that nobody — Democrat or Republican — wants to see people’s paychecks smaller on Jan. 1 because Congress didn’t act,” Obama said during an interview.

    Wow, we really could have used some of that pointedness and fearmongering when it came to health care reform…

  • formerlyjames

    I agree. I really don’t want this to pass. The only saving grace is economic stimulus, but this is not the way to accomplish that. I think it will pass and go down as another destructive move by Congress given the Repub appeasement by the President.

  • http://djtrudeau.wordpress.com djtrudeau

    I’m glad I’m not the only one banging his head over ethanol again. I do a lot of work in the automotive industry and not one of the automakers are seriously considering this an option any more.

    Having gone through what we have in the Detroit area in the last 5-10 years, it’s hard not to get angry watching senators and representatives fall all over each other to keep their industries fat and happy despite the harm to the big picture. Our industry was as guilty, if not more so, than anyone but we had to take our medicine. Why does the rest of the country not take the superiority posture when it comes to this or defense? Is it simply the union thing?

  • filmnoia

    I wish that the Senate had 75 people like Bernie Sanders. Brown is a good man, but Landrieu is a self serving sleazeball. Where are Franken, Harkin, Durbin , Boxer, etc. to help Bernie out. If if they have no chance in the Senate to stop the bill, perhaps Bernie’s efforts will convince more House Dem members to grow a spine.
    Even if this bill passes, which is quite likely, at least the Dems are making a strong showing that they are the only ones on the side of the middle class. I have serious doubts that that message will be relayed properly by the MSM.

  • Paul-no not that one

    I laughed earlier this week during the press conference.
    .
    While everyone was focused on his slapping at the DFH I was listening to his answer about where his “line in the sand” was.
    .
    BHO listed his and they were all on points that had already been negotiated. Nothing in the future.
    .
    If this deal falls apart it may make for some uncomfortable moments.

  • grape_crush

    the Cornhusker Kickback Calvary
    .
    Well, corn syrup is used as a sweetener…
    .
    I guess that shouldn’t be a surprise, considering how Obama has turned on the “Let’s Make a Deal” sign, which is brightly lit and can be seen clearly from Capitol Hill.
    .
    …not one of the automakers are seriously considering this an option any more.
    .
    That whole “what you gain in fuel cost savings with corn-based ethanol is negated by the fact it doesn’t burn as efficiently as dino-based gasoline” just might be one of the reasons.
    ,
    Why does the rest of the country not take the superiority posture when it comes to this or defense? Is it simply the union thing?
    .
    Yes.
    .
    That, and a few decades’ production of poorly-designed, quality-challenged vehicles…the more recent progress in improving concerning the latter haven’t quite yet sunk into public thinking yet.

  • http://gum0nshoe.wordpress.com gumOnShoe

    The main issue with ethanol is that it all burns way too consistently. Gasoline is composed of a varying array of chemicals and provides a “smooth” explosion. As its lit, certain components explode, then others do, and then others do, providing a “bell curve” of power. It isn’t actually a bell curve, but it gets the point across. Ethanol provides a staccato explosion, short, quick and not smooth. Its like trying to move a brick with a tooth pick instead of a 2 by 4.
    ·
    That’s ultimately why, even as a fuel it isn’t that great and must be mixed with other products.
    ·
    Even after all of that, you still have the effect of raising food prices, damaging the environment to grow more of it, etc.
    ·
    It just isn’t worth it, and the subsidy is literally hurting America.
    ·
    But, farmers really like it, obviously. And Agricorps don’t want to let it go.

  • whys333

    Go Franken! Kill this thing!

  • http://elvisberg.wordpress.com Elvis Elvisberg

    It’s nice to see a lawmaker stand up for his convictions, but Sanders has a steep uphill climb.
    -
    What is the substance of Sanders’ argument?

  • shepherdwong

    Even if this bill passes, which is quite likely, at least the Dems are making a strong showing that they are the only ones on the side of the middle class. I have serious doubts that that message will be relayed properly by the MSM.
    .
    Nevertheless and even if much of the opposition is Kabuki, I think it’s a political win for Obama and the Democrats to have it pass after making a big stink about it’s basic irresponsibility and unfairness. Policy-wise, the stimulus is just too desperately needed to take a chance that something comparable can somehow be passed if this legislation is defeated. Improve it as much as possible and pass the damned thing, then try to mitigate the damage down the road. One thing’s for sure, they just made any future argument that “everyone has to sacrifice” to fix the terrible deficit, even more hollow and hypocritical than it already is.

  • grape_crush

    I was listening to his answer about where his “line in the sand” was.
    .
    His ‘line in the sand’ will be wherever he redraws it after the ebb and flow of the tide erases his previous ‘line in the sand’.
    .
    [Of course, there's other thoughts about what Obama's 'line' means.]
    .
    I understand that modifying your positions to accommodate circumstances and reality isn’t a hugely bad trait in a person…but this mobius-esque set of half measures is a bit to extreme for me. Good on Bernie.

  • fhmadvocat

    To all of my fellow Liberals,
    Call me a Heretic, but I hope this bill passes because I believe, at least in the short run, this is good for the economy and good for the country.

    No, I am not happy about tax breaks for the rich, but should Obama sacrifice helping the middle class at the expense of getting everything he wants.

    This is a stimulus package, and it has the Republicans fingerprints all over it. As Krauthammer pointed out, they can’t argue they are serious about the deficit after adding some $900 billion to it.

    Why is this better than Stimulus I? Because to the vast majority of Americans, in these tight economic times, you can’t justify spending the money from the federal coffers. However, giving everyone a tax break is popular with mainstream America.

    When it comes to spending, it is best done by the American people rather than the Federal government. It makes much more sense to let the American people keep their money and decide how to spend it than to take it and give to the Federal government to decide where is the best place to spend it.

    Now, of course, it is best to give money to the low and middle class, because they will instantly pump that money back into the economy, while the rich may or may not do the same.

    And there is a real reason why Obama had to do this, and it has little to do with the Republicans. The engine to create jobs is small and medium sized businesses. Right now they are hording their money because they don’t know where the economy is going, and they are afraid to hire new workers because a double dip recession is possible. These are the people Obama needs to reassure. If we can increase disposable income and that increases demand, then businesses will feel confident to hire.

    Right now, Obama has to fight the fear he will raise taxes. He has not done enough to promote his tax cuts. In fact, I bet a plurality of middle Americans probably believe he has raised their taxes instead of cutting them. Clearly the White House has a communication problem.

    So to my fellow Liberals, if this is blastemy, I apologize, after all, in the 1990s I attended the Hubert H. Humphrey School of Public Affairs, or otherwise known to its students as the Milton Friedman School of Applied Economics.

  • newfreedomblog

    Gee a faux pas filibuster. I am so impressed. Thankfully this may be the last of the big time spending deals by Democrats. 2012 can’t come soon enough.

  • redplebiscite

    Bernie Sanders is absolutely right, for a large number of reasons, but one of which is our crumbling infrastructure in this country that we need to start focusing on and fixing
    http://sherrytalksback.wordpress.com/2010/11/12/an-empire-going-kaput/

  • shepherdwong

    Thankfully this may be the last of the big time spending deals by Democrats.
    .
    It’s tax cuts, you lying, partisan @sshole. If Republicans were proposing it, rather then just voting for it, you’d be singing it’s praises – if for no other reason than because that’s what you would be told to do.

  • deconstructiva

    I’ll bet KT’s a happy camper today. Hope one of the reporters or high sheriffs will let her past the security guards to post here on Sander’s real filibuster. I hope someone wheels in a cot, fridge, grill, and porta-potty to let him + allies literally talk forever.

  • Paul-no not that one

    “at least in the short run”
    .
    Impressive resume. What is your take on the long run? And by long run let us start in a year. And then 5 and then 20.

  • http://gum0nshoe.wordpress.com gumOnShoe

    The longer he posts, the more I’m sure he’s a partisan operative who either volunteers his time or is paid to post this stuff. But he always follows the republican/faux talking points to a T, so I’m pretty much past believe a word out of his mouth.

  • filmnoia

    I love sensible liberals. Someone has to be in the wheel house of the Titantic.

    “As Krauthammer pointed out, they can’t argue they are serious about the deficit after adding some $900 billion to it.”

    Ya wanna bet? You’re dealing with the GOP, not a political party any longer, but a cult of sociopaths with their own reality and their own media – Fox and talk radio to get out their talking points. They have a game plan for gutting the federal govt.

    “The engine to create jobs is small and medium sized businesses.”

    “Correct, but providing the owners of those businesses a break on their personal taxes isn’t going to create one job. What these guys need are financial institutions that will loan them money to expand, and credit is tight right now.”

    “In fact, I bet a plurality of middle Americans probably believe he has raised their taxes instead of cutting them. ”

    Not only is this a WH message problem as you say, but you can thank the supine MSM for not doing their jobs. I know, I know, economics is boring. People don’t want to hear about it, and besides it doesn’t sell soap or Cialis.

  • http://gum0nshoe.wordpress.com gumOnShoe

    Finally, a real filibuster happens & almost no media coverage (at least in the highly trafficked places). Figures.

    Even here, last I checked the word filibuster was clearly missing from the headline.

  • stuartzechman

    Bernie Sanders is saying amazing things, things we never hear in mainstream political discourse, right now.
    .
    This is an incredible moment in politics.
    .
    You will never hear these concerns, criticisms and prescriptions on Meet The Press.
    .
    We’re seeing something very important take place…whether it succeeds or fails, this moment is significant.

  • http://jcapan.wordpress.com jcapan

    Excellent point. I just Googled Sanders (news) and found the same amt. of content as described above. You’d think if a guy is going to go on for 6 hours, the media would note some of the particulars of his message. Particularly when they’ve been ignoring liberal narratives for 30 years. Consider it an Xmas present to your readers–you know, a once-a-year opportunity to hear the gospel.
    .
    Here’s the live stream at Puff-Ho:
    .
    http://www.huffingtonpost.com/rep-bernie-sanders/bernie-sanders-filibuster_b_795012.html

  • apr2563

    Landreau still pi$$ed about the moratorium on deep sea oil drilling. She voted for the original Bush tax cuts.

  • apr2563

    It will be covered as a tactic or a trick by that eccentric socialist Sanders. The content will be ignored. So sad.

  • stuartzechman

    …And they cut away to Bill Clinton speaking for Obama.
    .
    Here’s reporter Christina Bellantoni on Twitter:

    I’ve now decided this was a tactic to get Sanders off the teevee.
    .
    @cbellantoni Fri 10 Dec 16:51 via TweetDeck

  • shepherdwong

    You will never hear these concerns, criticisms and prescriptions on Meet The Press.
    .
    Wasn’t that the point of embargoing liberals from mainstream news sources all along?

  • http://jcapan.wordpress.com jcapan

    Speaking of asinine distractions, let all of the liberals in the Swamp avoid Jay’s “Daily Palin” or is it “Daily Pain.”

  • fhmadvocat

    PNNTO,

    Bam’s first job is dealing with unemployment and the economy. These are the biggest concerns. Once you get unemployment below 8% and the economy growing at a relatively good pace, then you can focus on deficit reduction. Even on the deficit, you are going to have to focus on spending cuts rather than tax hikes.

    Right now, the three biggest spenders are Medicare/Medicaid, Social Security and Defense. You have got to reign in spending on these which require some tough decisions:

    Defense: Get out of Iraq and Afghanistan as quickly as possible. Granted it will be much easier to get out of Iraq (which we should have never been in the first place) than Afghanistan.

    Social Security: We need to reform the system. It is okay now, but will there be any money left for the post boomer generations (ok, I am a post boomer). Raise the age of benefits or better, means test. Granted I stand to be “comfortable” when my father dies (only child of very frugal parents-what more could anyone ask for) and I probably won’t need much Social Security. As for my kids, they won’t get much when I pass, so they will need all the help they can get!

    Medicare/Medicaid: The fastest growing part of the budget. Pay doctors less or create Death Panels – take your choice. Most hospitals write it off on their taxes anyway!

  • 3xfire3

    Paul and Stuart,
    .
    Read 3.11 on earlier article “Latest Column”.

  • formerlyjames

    One problem with the small business consideration…we are talking here personal income tax. Let’s not confuse that with business taxes. And one other thing I must disagree with in your pitch, about it having little to do with Republicans. This bill is all about Republicans piggish philosophy, and the “little to do with” applies to Democrats, not Republicans.

  • stuartzechman

    Redstate’s Caleb Howe on President Clinton’s presser for the Obama-GOP tax deal:

    Obama bails early, leaving Bill Clinton handling presser in which he calls Krauthammer brilliant. Well done, Ashton Kutcher. Well done.
    .
    @CalebHowe Fri 10 Dec 16:55 via web

  • shepherdwong

    I’m sure he’s a partisan operative who either volunteers his time or is paid to post this stuff. But he always follows the republican/faux talking points to a T, so I’m pretty much past believe a word out of his mouth.
    .
    No go by the fact that it’s completely incoherent, he may well believe every word of it, if that’s what his authoritarian leaders tell him to believe. The pathological need to belong to the right-wing tribe trumps everything, reason, compassion, truth, justice, liberty-rights…everything. There’s a reason why millions of right-wing Americans proudly call themselves “dittoheads”.
    .
    http://home.cc.umanitoba.ca/~altemey/

  • stuartzechman

    Sanders “79 percent interest rates? These are crooks!” while Clinton talks about the country “breathing a sigh of relief” about compromise.

  • 3xfire3

    Very good points.

  • filmnoia

    Sanders is about the only true blue consistent lefty in the Senate. The mind boggles seeing him on something like Press the Meat and tieing David Gregory up in linguistic knots.

  • 3xfire3

    gumonshoe,
    .
    “That’s ultimately why, even as a fuel it isn’t that great and must be mixed with other products.
    ·
    Even after all of that, you still have the effect of raising food prices, damaging the environment to grow more of it, etc.
    ·
    It just isn’t worth it, and the subsidy is literally hurting America.”
    .
    Amazing. I actually agree with you on something. Your post is correct. Ethanol is not the answer.

  • stuartzechman

    It worked.
    .
    The Clinton presser worked.
    .
    It broke the political press corps’ already wavering attention on the Sanders speech, at just the right moment.
    .
    The DLC/New Dems are perfectly capable of influencing the press narrative in short order, when they believe they’re up against the weak, unsophisticated left.
    .
    It’s the right they’re terrified of, because these New Democrats are, themselves, gutless bullies and cowards.
    .
    Well, they can be proud of themselves now.
    .
    They sure slapped Bernie Sanders down, didn’t they?

  • http://gum0nshoe.wordpress.com gumOnShoe

    18.4, sorry. I won’t click it again or respond. They can do without ad revenue from me… boycott sounds good to me. And I won’t be reading about Palin again on this site, by choice.

  • stuartzechman

    Chris Lehmann:

    So when the Obama WH senses trouble in foreign policy now, it will trot out George HW Bush? #governingasstuntcasting
    .
    @lehmannchris Fri 10 Dec 17:14 via web

  • http://gum0nshoe.wordpress.com gumOnShoe

    Also, listening to c-span for the last 15 minutes of work… Sanders is giving a lesson on Vermont now, but he’s making excellent points about the state of America. I probably missed the substantive things he said about policy, but this is important anyway.

  • shepherdwong

    I’m pretty sure I just heard Bill Clinton say that the most important (small-d) democratic principle is to be ready to abandon all principle.

  • shepherdwong

    …Chris Matthews was very impressed.

  • grape_crush

    “We should be embarrassed…”
    .
    Bernie. Still going.
    .
    http://www.cspan.org/Watch/C-SPAN2.aspx
    .
    Maybe a good time to call your Senators?

  • stuartzechman

    Attention drifting back to Bernie, as he reads letters from his constituents now in his sixth straight hour on the Senate floor…
    .
    Acknowledgment that the Clinton presser was slick political theater, but Sanders’ visible exhaustion is not…
    .
    This is a Frank Capra movie come to life…

  • Paul-no not that one

    Just now was I able to get in front of C-Span2.
    .
    SZ is not engaging in hyperbole.
    .
    Forget your politics THIS is what everyone who comments here should applaud.

  • http://gum0nshoe.wordpress.com gumOnShoe

    I try to know what I’m talking about. My first “real” job was for a company that worked with the fuel industry doing as built documentation on refineries, rigs, etc. I read a very thick book that explained the process of turning crude oil into its various products. One of those sections was on how gasoline worked and how the alternatives worked. And of course I read a bunch of other info about it from other sources too.
    ·
    For what its worth, gas companies aren’t great either. They tend to try to put fillers in their gasolines that would make them get used up quicker while still providing the power. They are required by law now to tell you how much filler is in a batch, etc. So, there’s an argument for regulation too.
    ·
    While I’m definitely more liberal than not, that doesn’t mean I’m crazy. I’m a little disappointed that you’re surprised….

  • stuartzechman

    Sanders sighs, putting down his pile of letters: “It’s painful to talk about and to think about the direction this country is heading in…

  • shepherdwong

    The engine to create jobs is small and medium sized businesses. Right now they are hording their money because they don’t know where the economy is going, and they are afraid to hire new workers because a double dip recession is possible.
    .
    Is that what they teach at the Milton Friedman School of Applied Economics? Businesses aren’t hiring because they don’t need to. If they had business, they’d hire whomever they needed to sell it. Let’s dispense with all the “uncertainty” theories, shall we? Occam’s razor explains it just fine.

  • Paul-no not that one

    Continuously calling out BHO. Respectfully.

  • stuartzechman

    Bernie reaching crescendo: “call the President, call your Senator…we need 7 or 8 Senators…we can win this thing…it’s not too late yet

  • stuartzechman

    Attention drifting back, recognition of genuine political moment happening.
    .
    Dave Weigel at Slate:

    Surprised at how captivated I am by Sanders, bored by Clinton. http://slate.me/fh6xKh
    .
    @daveweigel Fri 10 Dec 17:39 via TweetDeck

  • Paul-no not that one

    Reading Thom Hartmann? Damn!

  • stuartzechman

    Weigel at Slate:
    .
    We did not learn anything from Clinton’s interesting riff on politics. We are actually learning a lot from Sanders as he reads constituent letters, into hour seven of the speech.
    .
    “Do you know what dented can stores are?” asked Sanders. “Most members of the House and Senate, and governors, do not get their meals from dented cans. But millions of Americans do.”

    .
    http://www.slate.com/blogs/blogs/weigel/archive/2010/12/10/bill-clinton-as-counterprogramming.aspx

  • 3xfire3

    Are People who make more than $250,000 a year Rich?
    .
    Let me use myself as an example. I am definitely not poor but I don’t consider myself rich either. I did grow up poor with both my parents having only an 8th grade education and my father was a factory worker with a very modest income. I was the first person in my family to attend college. I lived at home and went to a local University and worked and paid all of my college expenses myself.
    .
    At the age of 34 I started my own business with borrowed money and the equity in my home. The business after the first 10 years of struggle became a success. We employed 65 associates [employees] when I retired.
    .
    Like almost all small businesses we were an “S” Corporation, which means the profits of the business were added to our personal incomes for tax purposes.
    .
    Did we actually have the business profits available to spend personally? No. Most of the business profits, in years where there were profits, and what was left after paying taxes, were not available to spend personally. They were the working capital needed to operate the business.
    .
    The profits made by the business needed to be left in the business to pay for new inventory so we had products to sell to our customers, for Accounts Receivables to provide financing for our customers who paid us on average 70 days after they made a purchase, to hire new associates and to pay for any new equipment or machinery we needed to operate the business.
    .
    My wife is an RN and when you add her income to my personal income and then add on the income from the business, the combined total was well over $250,000 per year. Because of the large gross income, for tax purposes, we paid a large amount of our income in Fed., State and Local Taxes.
    .
    Even though most of the business profits were not available for us to spend personally, these paper profits were added to my wife and my income for tax purposes.
    .
    So even though we did not have $250,000 gross income to actually spend personally, we would have fallen into what everyone is calling the Rich.
    .
    I believe too many people have little understanding how small business operate.
    .
    To increase taxes on small businesses at this time would be a disaster for our economy.
    .
    Most small businessmen and women are not rich. They work very hard to provide a decent living for their families and to provide good jobs for their employees.
    .
    Since almost all small businesses are “S” Corporations, my example would apply to most of them. That means for tax return purposes millions of small businesses with their profits added to the personal income of the owners and their spouses, they would have incomes of over $250,000 per year on paper. But in reality their spendable income makes them middle class not millionaires.
    .
    I hope this example gives some individuals on this site a better understanding of the reality of small business owners.
    .

  • Paul-no not that one

    Scherer is joining you on missing the forest for the trees.

  • http://jcapan.wordpress.com jcapan
  • Paul-no not that one

    Do you have access to C-span2 jc? Truly worth your time.

  • Paul-no not that one

    “In two years, when there tax cuts are set to expire, President Obama-IF he is the Democratic nominee- will have to defend them”

  • http://jcapan.wordpress.com jcapan

    Been watching via Puff-Ho. Was talking to my dad this a.m. and it was striking that here I am in Asia watching live while he (of the rural Appalachian address) had no access. Of course, he retired there for expressly this purpose, but I was trying to tell him, no, this is one of the rare instances in American history when what’s on your telly isn’t boiled sh!t (i.e. Wolf Blitzer).

  • Paul-no not that one

    Estate tax “this is a tax on the top 3/10ths of 1%. This is not a tax on the rich this is a tax on the very very very rich”

  • Paul-no not that one

    Funny I just called my sister (got her machine, yes a machine not VM) and left a message and then called my brother and told him to watch.
    .
    My cuter half is wine shopping, when she gets home she’ll join me on watching something impressive.

  • stuartzechman

    Wow, Bernie now quoting from “Richistan”
    .
    “Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich”
    .

    .
    Where would we ever hear something like this?

  • http://jcapan.wordpress.com jcapan

    Not to take anything away from Bloomberg, but Sanders 2012?

  • stuartzechman

    Totally blows my strategy, but he’d get every dime, every hour that I could afford.

  • Paul-no not that one

    “payroll tax holiday is anything but”
    .
    Man I almost can’t believe it.

  • shepherdwong

    So even though we did not have $250,000 gross income to actually spend personally, we would have fallen into what everyone is calling the Rich.
    .
    No you wouldn’t. The tax rate applies to net, taxable income. Assuming you hired a decent tax attorney, you’d have to earn much more than that for the portion over $250,000 to be taxed at a slightly higher rate. Mostly, they target much, much higher incomes than below a million dollars of gross income. And no one is calling the people below that sort of income who still may have to pay a bit more, “rich”.
    .
    “…the combined total was well over $250,000 per year. Because of the large gross income, for tax purposes, we paid a large amount of our income in Fed., State and Local Taxes.”
    .
    What a sad, sad story. My heart bleeds for you but then, I’m a liberal!

  • stuartzechman

    Bernie’s now giving a cogent explanation of how Social Security works…we should be so lucky to get a policy lesson like this on CNN or MSNBC.

  • Paul-no not that one

    The ONLY way to stop the Senate from passing this is to make a smart stink.
    .
    Senator Sanders is doing just that.
    .
    This ain’t masturbatory.

  • stuartzechman

    Bernie Sanders is now quoting Bruce Bartlett on Social Security! Who said this was all about “ideological purity,” again?
    .
    http://en.wikipedia.org/wiki/Bruce_Bartlett

    Bruce Bartlett (b. October 11, 1951, in Ann Arbor, Michigan) is an American historian who turned to writing about supply-side economics. He was a domestic policy adviser to President Ronald Reagan and was a Treasury official under President George H.W. Bush.

  • stuartzechman

    Delrayser:

    BREAKING: White House to attempt risky “top kill” procedure to stop gusher in Senate well.
    .
    @delrayser Fri 10 Dec 18:16 via TweetDeck

  • Paul-no not that one

    8+ hours in. I am dying to know who will pick up when Senator Sanders wants a break.
    .
    Not that he appears to need one.
    .
    Is there a camera view that shows how many Senators are there?

  • http://gum0nshoe.wordpress.com gumOnShoe

    He has my vote!

  • shepherdwong

    Where would we ever hear something like this?
    .
    Bernie really puts a fine point on the absolute dearth of real liberals in official Washington, doesn’t he?

  • http://erieangel.wordpress.com erieangel

    At first I was ok with Obama’s deal. Then I thought about how the republicans would turn in around next year and in 2012 and make the deficit and poor economy that will stem from this deal all Obama’s fault. But more than that, I read that those making $20,000 and couples making $40,000 will actually see their tax bills increase next year. I’m not for that because I, both my kids and several people I know are actually in this income bracket. If our taxes have to increase why shouldn’t everybody’s?

  • http://erieangel.wordpress.com erieangel

    There has been talk about primarying Obama. Let it be Sanders. He won’t win of course as he is the socialist, but it might teach Obama a thing or two. Or maybe not.

  • boboberg

    What is a Republican? A Republican is a person who hates the middle class, the poor, minorities and all immigrants. The Republicans want the entire population to be homeless, powerless and without medical insurance. The new big Republican project is to kick public school teachers out of the middle class and leave them destitute. The Republicans are seething at the amount of power the teachers’ unions are exerting and they won’t be happy until the unions have been destroyed. When is America going to wise up to the Republicans? We should be fighting them in the streets, not compromising with them. Mark Montgomery NYC, NY boboberg@nyc.rr.com

  • rover27

    “To all of my fellow Liberals”

    R-I-I-G-G-H-H-T-T!!

  • apr2563

    http://sanders.senate.gov/
    Bernie Sanders’ web site.
    Phone or e-mail him a thank you for his courage and service.
    .
    Friday was my 70th birthday. Senator Sanders is 69. Let me tell you what he did was not only inspiring but physically demanding.
    I sent him an e-mail thanking him for honoring our country any giving me a great birthday present.

  • deconstructiva

    Happy birthday, apr!
    .

  • deconstructiva

    …so naturally link doesn’t work. Try this instead…
    .

    .
    Have a good b-day weekend.

  • 3xfire3

    you are really a certified Nut.

  • apr2563

    Thanks again. I watched the video. Made me smile.

  • 3xfire3

    gujmonshoe,
    .
    “While I’m definitely more liberal than not, that doesn’t mean I’m crazy. I’m a little disappointed that you’re surprised….”
    .
    I in no way think you’re crazy. I think you are a very intelligent young man who truly believes what he posts. What I do believe is that you are young and a little naive. I was probably just as naive as you when I was your age. You will probably grow out of it as I did. Gods is not done with you yet. Keep an open mind and never say never. We don’t know what the future will bring.
    .
    Conservatives are not bad people. They just believe in a different approach to how to help our citizens and our country than liberals do. Studies have shown that Conservatives give more of the money and their time [volunteers] to help others than liberals do. Most Liberals usually talk a good game, do very little personally and want the government to do the work and provide the money to help others. Conservatives would not do so much volunteer work and give so much of their personal money to help others if they were not good people..

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