The Tea Party and the Tax Bill

http://michaelfury.wordpress.com/2010/11/04/a-tea-tray-in-the-sky/

In spite of their utter hypocrisy the Republicans will be talking about “fiscal responsibility” before long. The question is, will the media let them get away with it.

Response:
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Today, the Tea Party Patriots launched a petition a “No Tax Compromise” to supporters across the country denouncing the tax cut compromise forged in secret by the Obama Administration and Republican Leadership in Congress. The tax plan was negotiated without the consultation of newly-elected Members of Congress or the American people and violates several components of the Republican’s “Pledge to America.”
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Broken Pledge – Business as usual
“Our members are outraged as our representatives continue to ignore the message we sent on Election Day,” said Jenny Beth Martin, National Coordinator. “We are watching how they vote, and they will be held accountable.”

“This ‘backroom deal’ ignores those who voted for principled leadership on Election Day,” said Mark Meckler, National Coordinator of Tea Party Patriots. “Americans demand transparency in the legislative process and policies that reflect fiscal responsibility-not secret negotiations and weak compromise.”
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“Republicans in Congress only have the leverage to negotiate for tax deals because of the support Americans gave them and principled candidates across the country,” said Jenny Beth Martin, National Coordinator of Tea Party Patriots. “It is an insult to those who voted them into power to procrastinate on their pledge to honor conservative principles.”
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Following are excerpts of the :petition
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•Do not let Congress compromise with President Obama. “The Compromise” is against everything the House Republican Leadership agreed to in the “Pledge to America.” This type of behind closed door politics is not what “We the People” voted for in November.
•”The Deal” was forged in secret, without consultation with the scores of new representatives and senators who campaigned on a much different agenda.
•”The Deal” like Obamacare, isn’t reduced to writing even now. Like Obamacare, we are being told we will have to pass the bill to find out what is in it.
•”The Deal” revives the death tax, an immoral “vampire tax” that sucks the blood from the dead, ruins family businesses and double taxes savings that were accumulated over a lifetime.
•”The Deal” spends billions and billions of dollars that the country does not have in order to prevent a tax hike that the country voted against…the GOP bribed the president to follow the will of the people.
•There are at least five provisions of the Pledge that are violated by “The Deal.”
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Click here for the full petition.
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http://notaxcompromise.com/

Is the sky blue?

As opposed to the Democrats talking about fiscal responsibility but only insofar as it pertains to raising taxes- never spending (except defense because we don’t need any)

Defense, offence, what’s the difference?

freeinpa traditional liberals — I’m not including Obama — believe in fiscal responsibility when the economy is rolling, not when it is in a downturn. When it is down, they believe in stimulating it.

The right, on the other hand, doesn’t seem to believe in stimulating the economy when it is down and though they pay lip service to fiscal responsibility, they don’t actually practice it, when the economy is good, or any other time.

“The Conservative Rebellion That Wasn’t: 64 Percent Support McConnell Tax Deal”

If it matters to the left, then we’re whinging. If it matters to the right, then it gets a column and serious consideration in a magazine.

Nice.

Liberal media, my arse.

Well said.

Don’t you know that mediocrity is better than what we should aspire to? Yes we can!, means shoot low.

Well said.
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Those Tea Partiers are just trying too hard, aren’t they, Stuart?
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Scherer can really be a big bag o’Suck at times.

tpm

Mitt Romney, the only Republican currently besting President Obama in the TPM Poll Average of hypothetical 2012 matchups, proposes replacing unemployment benefits with “individual unemployment savings accounts.”

“believe in fiscal responsibility when the economy is rolling, not when it is in a downturn.”
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First of all your belief is a delusion. Second, I thought the economy has turned having been saved by the stimulus. If not, why do linerals want to raise taxes? If yes, then why all the spending for unemployment, renewable energy other tax credits? Or is it only the “rich” need to fulfill that responsibility for liberals. The left goes on about freedoms and privacy except as it pertains to someone else’s money

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Fiscal responsibility? That explains the growing entitlements because its fiscally responsible. The only Democrat or Republican to have a surplus was Clinton however before you sing the praises of higher taxes it was a Republican Congress that stiffed his plans. It has always been restraint of spending that leads fiscal responsibility not taxes.
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“Liberal media, my arse.”
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No one said the liberal media was smart! (Except themselves)
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freeinpa ask Obama why the first stimulus was half tax cuts, and why this one is almost all tax cuts, because I have no idea. You should also ask him how that is working out with respect to unemployment. Personally, as a Liberal, I would have spent heavily on infrastructure, to solve the short term unemployment problem, rather than tax cuts.

With respect to tax cuts, the only rule for me, at this time, is will the money be spent in the short term and does it create jobs. I could care less what material structure the cuts assume. I am all in favor of cuts tied to employment. If the right infrastructure bets are made, they will pay for those jobs in the long term too.

As for cost constraint, I hope you are not arguing that it is something we ought to associate with the right in any other way than in the amount of rhetoric they apply to the subject. The facts are they spend money like drunken sailors on entitlements, wars and tax cuts and don’t pay for any of them. Instead, they borrow the money and write IOUs. The only cost constraint policies in the last few decades were under Democrats. Once again, when the economy recovers your best bet for people serious about fiscal responsibility, will likely be the radicals.

The spending bill from the Senate must be that “fiscal responsibility” you refer .
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“Freeinpa ask Obama why the first stimulus was half tax cuts, and why this one is almost all tax cuts, because I have no idea”
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One he doesn’t take my calls anymore. But I would venture is that tax cuts work and spending is spending. As noted by Romer every $1 of public money reduces private spending by $3.
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“I would have spent heavily on infrastructure, to solve the short term unemployment problem,”
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The infamous shovel ready jobs that we were sold that did not exist. And if they existed they went to overpaid unions already working. So little help to unemployment and we spent 30% more fo rthat privilege.
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“As for cost constraint, I hope you are not arguing that it is something we ought to associate with the right in any other way than in the amount of rhetoric they apply to the subject. The facts are they spend money like drunken sailors on entitlements,wars and tax cuts.

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No, Republicans lately have been as bad as Democrats which is why they will be on the endangered species as well. Entitlements are usually the result of the moderates trying to show bipartisanship and go along for the ride. And Medicare D was the only real entitlement that come from Bush and he was criticized by Ted Kennedy for “doing it on the cheap”. And we know there is no war liberals will support but we can never question their patriotism. And as far as tax cuts, no matter how many times you say it they are not spending and you don’t pay for it.

the nearly 2,000-page, $1.1 trillion massive spending bill Senate Democrats said they’ll try to push through. The bill contains hundreds of pork-barrel spending projects and new rules governing everything from airport baggage to detainees at the prison at Guantanamo Bay, Cuba.

Time magazines own editor, Mike Duffy, sneared on Chris Matthew’s show this weekend that the liberals are starting to be as noisy and rude as tea partiers. That wont do. He wants Obama to continue to cuddle up to CEOs.
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We need to mind our manners.

“Fifty-one percent of Tea Party respondents also said the solution involved a mix of spending cuts and tax hikes.”
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So, the differences between the Republican Party and the Tea Party are that the Tea Party is willing and ready to make cuts to the least successful and most insignificant military spending and, in order to balance the budget, raise taxes.
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To me, this makes the actual stance of Tea Party members seem more sound in reasoning than the Tea Party wanabees in Republican leadership such as John Beohner.
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I look forward to the Tea Party creating a Republican Party civil war handing 2012 to Democrats.

And, he wants some of the money saved to go to business.
Mitten’s logic.
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http://tpmdc.talkingpointsmemo.com/2010/12/romney-slams-tax-cut-compromise-concept-of-unemployment-benefits.php?ref=fpblg

Thanks All and Apr,
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“Romney doesn’t detail how the plan would work, but suggests something similar to, say, a health savings account, which employees pay into with their own money and can then draw from tax free when faced with medical costs. Personalized savings account aren’t the only solution Romney offers to solve the unemployment mess.”
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I think I’ve got it.
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Unemployed people in 2011 onward get cut off from unemployment benefits and, instead, use the money that was never there to put aside in 2000 through 2011 to handle unemployment.
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Don’t actually help the unemployed, but just imagine that you are. That should keep John Beohner from crying all of the time if he really imagines he is not in the business of beating down the poor as his mother and father were.

Freeinpa,
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I kept my one month promise.
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How about your lifetime promise to honor a bet about if Harry Reid won?
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You have no honor.
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I’ll remind you of that daily.

All it is is another scam for the wealthy to be able to put aside more money tax free. They will of course never need it.

“And as far as tax cuts, no matter how many times you say it they are not spending and you don’t pay for it.”
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If the gov’t forgoes 700 billion in revenue it would otherwise have, so billionaires can put more money in their savings account, that is a cost to the government. Recent studies show that tax rates may have no impact on the spending habits of the rich. It is the state of the stock market and the economy that has more impact on their savings rate, the studies suggest. In other words, if you want the rich to spend, you need a good economy.
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What is the connection between war and patriotism? One could easily argue that trying to stop the country from going into a costly, questionable war, is more patriotic than waving pompoms.
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On the issue of the new Senate bill and your implication that it is liberals behind it, once again you are sadly mistaken. First, there are very few, if any, liberals left in the Democratic party. The new bill is filled with earmarks, requested by both parties, including Mitch.
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My previous point was simply this, a real Keynesian would call for balancing the books, once the economy has recovered. One shouldn’t expect that from conservatives, given their record, and since Obama has accepted their economic policies, I doubt we can expect it from him either.