You know what the wealthy are going to do? They're going to invest more abroad, they're not going to work as hard, they're not going to pay as much in taxes, they're not going to employ as many people. Their employees are going to pay all the taxes.The White House knows that if they cannot get the GOP to vote to increase rates, they will get crushed on the tax issue in the midterms. Their red state Democrats need political cover before they can vote to increase taxes. That cover is a Republican cave.
Barack Obama needs the Republicans to raise rates. If they do not get it before January 1, all of the Bush tax cuts will expire and the GOP will not permit any reduction without it being an across the board reduction. Moderate Democrats in the Senate and the few remaining blue dogs in the House will be in a very difficult position.
#145 Dec 10, 2012
Since: Jul 12
#146 Dec 10, 2012
Perhaps I am. Your problem is that you walk around with a chip on your shoulder. You will never be happy that way.
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