Sandy relief bill eats up taxes on th...

Sandy relief bill eats up taxes on the rich

Posted in the Minneapolis Forum

Since: Oct 08

Location hidden

#1 Jan 28, 2013
Congress is poised to clear the final $50 billion chunk of emergency aid for Superstorm Sandy relief Monday — and in one vote, it will have used up all the new tax money President Obama won by raising rates on the wealthy in the “fiscal cliff” deal.
The tax deal that Congress and Mr. Obama reached in early January cut taxes overall but let them rise on individuals making more than $250,000 a year and families with income of more than $300,000. Those increases brought the government somewhere on the order of about $40 billion for fiscal year 2013.
The spending bill for storm recovery costs $50 billion and, coupled with an additional $9.7 billion in flood insurance money Congress passed this month, brings the total tab for Sandy to $60 billion.
Sen. Mike Lee, Utah Republican, will offer an amendment in the Senate on Monday to try to offset the $50 billion by an across-the-board half-percent cut, but it is expected to fail, meaning almost the entire $60 billion will have been tacked onto the deficit — more than eating up the money gained from the additional taxes.
“The Sandy aid packages swallowed more than the tax increases,” said Matt A. Mayer, a visiting fellow at the Heritage Foundation who has been tracking Sandy spending.“Washington just doesn’t get the severity of our fiscal condition.”
Amused Slew

Kent, WA

#2 Jan 28, 2013
Apples/Oranges

Oddly, you're now pretending we don't help disaster areas of America ???
Bridgework

Olathe, KS

#3 Jan 28, 2013
Amused Slew wrote:
Apples/Oranges
Oddly, you're now pretending we don't help disaster areas of America ???
Oddly, you're now pretending that was what his post was about.
Amused Slew

Kent, WA

#4 Jan 28, 2013
Sandy was a disaster area, get a clue....

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#5 Jan 28, 2013
Niether of the Above wrote:
Congress is poised to clear the final $50 billion chunk of emergency aid for Superstorm Sandy relief Monday — and in one vote, it will have used up all the new tax money President Obama won by raising rates on the wealthy in the “fiscal cliff” deal.
The tax deal that Congress and Mr. Obama reached in early January cut taxes overall but let them rise on individuals making more than $250,000 a year and families with income of more than $300,000. Those increases brought the government somewhere on the order of about $40 billion for fiscal year 2013.
The spending bill for storm recovery costs $50 billion and, coupled with an additional $9.7 billion in flood insurance money Congress passed this month, brings the total tab for Sandy to $60 billion.
Sen. Mike Lee, Utah Republican, will offer an amendment in the Senate on Monday to try to offset the $50 billion by an across-the-board half-percent cut, but it is expected to fail, meaning almost the entire $60 billion will have been tacked onto the deficit — more than eating up the money gained from the additional taxes.
“The Sandy aid packages swallowed more than the tax increases,” said Matt A. Mayer, a visiting fellow at the Heritage Foundation who has been tracking Sandy spending.“Washington just doesn’t get the severity of our fiscal condition.”
Key phrase:“Washington just doesn’t get the severity of our fiscal condition.”

Damned right, Skippy.
Amused Slew

Kent, WA

#6 Jan 28, 2013
Ignore Sandy ???

Damned "right", Skippy.

Since: Oct 08

Location hidden

#7 Jan 28, 2013
I laughed this morning reading an artcle, reprinted on Matt Drudge, where the President, in an effort to convice some puppy dog reporter his way was right, said Reid and Pelosi are fight the far left of his party to get things done!! What a joke, HE is the far left of his party

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#8 Jan 28, 2013
Niether of the Above wrote:
I laughed this morning reading an artcle, reprinted on Matt Drudge, where the President, in an effort to convice some puppy dog reporter his way was right, said Reid and Pelosi are fight the far left of his party to get things done!! What a joke, HE is the far left of his party
Most people will think they are "mainstream" - as proven day in & day out by the radical Leftists that infiltrate this blog. Those dimwits think they are sitting right in the middle of the road.

Barack Hussein Obama is no different. He truly believes he is a centrist. And he is if you say Karl Marx was “middle of the road” too.
muslim love

Minneapolis, MN

#9 Jan 28, 2013
the problem with socialism - it only works until you run out of OTHER peoples money, that is happening in AMERICA !

__________
Amused Slew wrote:
Apples/Oranges
Oddly, you're now pretending we don't help disaster areas of America ???
Amused Slew

Kent, WA

#10 Jan 28, 2013
Obama is Karl Marx, AWWWKKKKK , Obama is Karl Marx, AWWWKKKKK , Obama is Karl Marx, AWWWKKKKK , Obama is Karl Marx, AWWWKKKKK , Obama is Karl Marx, AWWWKKKKK , Obama is Karl Marx, AWWWKKKKK , Obama is Karl Marx, AWWWKKKKK ??

Polly, is a cracker ???

Hertz, to see your endless TRIPE ~! LMAOROTFU~!

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