posted on Jul, 16 2012 @ 09:59 AM
from The Washington Post
July 15, 2012
Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes
It sounds like the Democrats in Congress are using strong-arm tactics to somehow get the Republicans to raise taxes on "the rich".
They seem to be "threatening" to allow the current "tax cuts" to expire on January 1st therefore defaulting to higher and possibly devastating
taxes for everybody, especially the middle class with middle incomes !!
They want tax increases on "the rich" included in any agreements.
Many arguments say that would only pay a nominal amount into the Treasury.
Others argue that it's all about raving jealousy.
A big fight is looming over this issue, and it probably will be "settled" After
the November elections.
Some opinions say that the Democrats are hoping to "keep" the White House and Senate majorities and regain a majority in the House.
But are these scare tactics actually going to work ?
A lot of citizens have been victimized by policies that have simply not done anything positive for the majority of Americans.
When Obama took office in January 2009, he had with him majorities in the Senate and House that lasted for two years.
We all have seen the results of that.....
They over spent to the max.
They maxed out the U.S. Treasury's borrowing capacity and spent the highest possible percentage of revenues that they could "get away" with.
Obama's first two years also passed legislations that we still have no idea what they will end up costing.
Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take
effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households.
Emboldened by signs that GOP resistance to new taxes may be weakening, senior Democrats say they are prepared to weather a fiscal event that could
plunge the nation back into recession if the new year arrives without an acceptable compromise.
In a speech Monday, Sen. Patty Murray (Wash.), the Senate’s No. 4 Democrat and the leader of the caucus’s campaign arm, plans to make the clearest
case yet for going over what some have called the “fiscal cliff.” .....
A year ago, President Barack Obama called Republicans "hostage takers" for staying true to their mandate and refusing to agree to tax hikes as
part of the debt ceiling deal. Now, the Washington Post reports that Democrats are explicitly threatening to allow "nearly $600 billion worth of tax
hikes and spending cuts"--otherwise known as "Taxmageddon"--in January unless Republicans agree to raise taxes on the highest earners. It's the
clearest sign of which party is, in fact, the most extreme--and the most willing to put party ahead of country....[story continues]
Hostage Takers: Democrats Threaten Taxmageddon for All Unless Rich Pay More
Can the Democrats actually get enough votes from this tactic ?