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Even before President Obama signed the bill on Tuesday, Caterpillar said it would cost the company at least $100 million more in the first year alone. Medical device maker Medtronic warned that new taxes on its products could force it to lay off a thousand workers. Now Verizon joins the roll of businesses staring at adverse consequences.
In an email titled "President Obama Signs Health Care Legislation" sent to all employees Tuesday night, the telecom giant warned that "we expect that Verizon's costs will increase in the short term." While executive vice president for human resources Marc Reed wrote that "it is difficult at this point to gauge the precise impact of this legislation," and that ObamaCare does reflect some of the company's policy priorities, the message to workers was clear: Expect changes for the worse to your health benefits as the direct result of this bill, and maybe as soon as this year.
So, he's not really going against his masters' wishes? His masters want the inhuman disaster? Is the "inhuman disaster" going over the fiscal cliff?
Boehner SEEMS to be caving against his masters' wishes because public opinion and continuing this "all for the wealthy, bleed the lesser ones" is proving to be an inhuman disaster.
I'm not aware of any information supporting this, could you help? If you took 100%, you still wouldn't fix the deficit, let alone the debt, and after the first year or two of that there wouldn't be any rich sticking around to take it. The Laffer curve, you know.
If the rich paid 1960s tax rates the debt would vanish and that is FACT.
Actually, my yacht has a padded cell. They let me out every now and then to look at the pretty birdies and the nice waves.
Either most of you are typing from your very own yachts or from a padded room in an asylum.
f the rich paid 1960s tax rates the debt would vanish and that is FACT.
Boehner has already lost. If he caves he loses face for the party and if he wins, he becomes responsible for any dip in jobs or the economy...and if it is a draw, he gets blamed for going over the fiscal cliff. No matter the outcome, Republicans and Boehner get the blame and Obama gets another free pass from the MSM.
"I think there is recognition that maybe they can accept some rate increases as long as it is combined with serious entitlement reform and additional spending cuts," the president said. "And if we can get the leadership on the Republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart."
He added that "we can probably solve this in about a week -- it's not that tough."
Originally posted by beezzer
An open question.
What's going to happen after taxes are raised, the debt ceiling is raised?
If our debt continues to increase, will Obama target the top 5%? The top 10%? The top 50%?
What comes after all this?
Originally posted by Snoopy1978
There you have it, folks. Against his corporate handlers' wishes, Boehner inches closer to reality. Taxes MUST go up for the top 2%ers. Let the robe-tearing and gnashing of teeth begin, conservative ats'ers!
Via CNN.COM
From the article:
"Washington (CNN) -- Taxes on the wealthy are going up, House Speaker John Boehner conceded Wednesday in challenging President Barack Obama to sit down with him to hammer out a deal for avoiding the fiscal cliff.
Obama, however, continued to insist on Republicans first ensuring no tax hike for anyone but the top 2% of Americans as a first step toward a broader agreement on tackling the nation's chronic federal deficits and debt. (...)"
edit on 5-12-2012 by Snoopy1978 because: (no reason given)
He continued, "There are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy."
How is an income of 250K a year "ultra wealthy?" That is a small business owner, a doctor, a skilled tradesman. I think a lot of people have bit off on the class envy/warfare rhetoric.
Originally posted by beezzer
An open question.
What's going to happen after taxes are raised, the debt ceiling is raised?
If our debt continues to increase, will Obama target the top 5%? The top 10%? The top 50%?
What comes after all this?