Yes We Cave! Obama Submits On Taxes

President Obama much to the ire of his own party reached a compromise on the so called Bush Tax Cuts of 2001 and 2003. The deal will keeps the exisitng tax rates in place for all tax payers including the those earning over $250,000 or the often repeated Tax cuts for the rich-representing a huge reversal for the president.

In return the President received an exstention of the jobless benefits, a payroll tax reduction and protection from the alternative minimum tax for middle class families. The Republicans gained a victory by keeping the estate tax rate fixed at 35% for two years as well as keeping the existing cuts place for all taxpayers. If the tax cuts were allowed to expire, it would revert back to 55%. The far left wing of the Democratic party has become completely unhinged at this deal. Insisting that the president should have stuck to his guns and forced to the Republicans to to fight for the cuts. Democratic Congressman John Conyers of Michigan to Sen. Tom Harkin of Iowa have expressed their disappointment with the deal. President Obama has no choice but to make this compromise now before the lame duck session is over. He has to accept a deal he mostly dislikes now instead of a deal he completely dislikes in later when the Republicans take over the house.

Comments

Post a Comment

Popular posts from this blog

The Legend Of The Unarmed White Man (Revised)

Image
The August 2014 shooting death of unarmed black teen Mike Brown in St. Louis by a white police officer and the subsequent decision by the grand jury not to indict has brought unrest to American Streets. The protestors feel that police are shooting and killing mostly unarmed black men at alarming rates. Many also believe that police interaction amongst white's is all together different due to the benefits of "white privilege". "If that had of been a white man..." is a common refrain from blacks when speaking of a negative experience with a white police officer. The media plays an integral role in these perceptions by continuously assaulting us with images of black victims and white perpetrators. In light of the Brown incident and other controversial shootings this year, the adjective attached to these perceived victims is "unarmed". The term is a staple in the lexicon of the American media which h...
Read more

BP Crisis Brings Out Radical Left

Image
Once again the left, with the help of Jesse Jackson shows its ignorance of and hatred for capitalism. The BP crisis which began with the explosion of an offshore oil rig which resulted in a fire that killed 19 people. The pipe located one mile undersea began to spew oil into the gulf and has for over fifty days now. The Reverend has been for weeks calling for a boycott of BP. Now comes word that several BP stations have been vandalized. The fact that such vitriol and anger results from what was clearly a tragic accident is surely tragic in itself. Someone should explain to the reverend that oil companies exited the gas station business years ago. The stations are by and large owned by franchisees and independent operators who squeeze out razor thin margins on gasoline-hence the reason for the lottery tickets, potato chips and soft drinks that has become a staple of these often family owned businesses. To make matters worse, the Rev. Jackson stated that "the mom and pop stations a...
Read more

Blacks Only Field Trip Revealing

A Michigan elementary school Principal took group of 5th grade students on a field trip to hear a speech by an African American rocket scientist. The only problem: he only took the black students. This incident for this blogger has much larger revelations other than the obvious. This Principal is the prototypical example of the dangers of a left wing education. A huge problem among blacks specifically is their ability to practice discrimination and segregation while simultaneously preaching "equality" and "inclusion". Dicken Elementary School Mike Madison took a group on black students, part of a group known as the African American Lunch Bunch to hear a black rocket scientist speak. The fact that there is such a group at a such a racially diverse school is troubling. Needless to say, the outrage would be manic if a white organization existed and engaged in the same exclusion of black students. In the black left wing mind, discrimination and racism are acceptable ...
Read more