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Friday, November 2, 2012

Re: Democrats complain Republicans refused to work with Obama, so what does R...

You know Annie,

After the election, during the 'lame duck' session of Congress, both parties will be highly motivated to avoid the cliff. The leverage is in the hands of the Democrats, who will insist on a tax increase on the top of the income scale. If Congress does nothing the tax cuts of the Gee Dub administration end, and there you go, utter defeat for the GOP.

The most fascinating thing about the GOP cry "No More Taxes" is that it is a pile of cow pie... yep a down right fib... a lie. Witness the Congressional Research Service report: Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945. A report that GOP leadership objected to, and finally had quashed a few weeks after publication... Too Bad there are electronic copies of it... one of which reside on my computer... 

"... recent budget and deficit reduction proposals would reduce tax rates. The President's 2010 
Fiscal Commission recommended reducing the budget deficit and tax rates by broadening the tax 
base—the additional revenues from broadening the tax base would be used for deficit reduction 
and tax rate reductions. The plan advocated by House Budget Committee Chairman Paul Ryan 
that is embodied in the House Budget Resolution (H.Con.Res. 112), the Path to Prosperity, also 
proposes to reduce income tax rates by broadening the tax base. Both plans would broaden the tax 
base by reducing or eliminating tax expenditures.

...This report attempts to clarify whether or not there is an association between the tax rates of the highest 
income taxpayers and economic growth.

... 

There is not conclusive evidence, however, to substantiate a clear relationship between the 65-year steady
            reduction in the top tax rates and economic growth. Analysis of such data suggests the reduction in the top tax 
rates have had little association with saving, investment, or productivity growth. However, the top 
tax rate reductions appear to be associated with the increasing concentration of income at the top 
of the income distribution." 
 
Isn't it sad that an official report by a non-partisan research arm of Congress will not again see the light of day until this election is over. I certainly think so... how about you?  
 

On Friday, November 2, 2012 6:12:29 PM UTC-6, Annie39 wrote:
You think the GOP will ever work with Obama, if re-elected?  This goes both ways, jgg.  Neither party wants to be connected or work with the other.  Talk about hypocrites.
 
In a message dated 11/2/2012 7:19:34 P.M. Eastern Daylight Time, jgg...@hotmail.com writes:
Insist that Senate Democrats will refuse to work with Romney...    Hypocrites....   Perhaps the Democrats NEVER WANTED TO WORK in a bi-partisan fashion...  Perhaps the Senate Democratic leadership IS THE PROBLEM...  Will Reid demand America go bankrupt and destroy an economic recovery just to spite Romney???   Reid should be condemned for his demand of ideological purity regardless the damage it will do America...

http://www.breitbart.com/Big-Government/2012/11/02/Harry-Reid-will-not-work-with-Romney

http://livewire.talkingpointsmemo.com/entry/reid-laughable-for-romney-to-say-dems-will

>>> 

Senate Majority Leader Harry Reid rejects Mitt Romney's claim that he'll be a more successfully bipartisan President than Barack Obama has been -- particularly given how controversial his agenda is. 

"Mitt Romney's fantasy that Senate Democrats will work with him to pass his 'severely conservative' agenda is laughable," he said.

In fact, Mitt Romney's Tea Party agenda has already been rejected in the Senate. In the past few months, we have voted down many of the major policies that Mitt Romney has run on, from the Ryan plan to end Medicare as we know it, to the Blunt Amendment to deny women access to contraception, to more tax giveaways for millionaires and billionaires, to a draconian spending plan that would gut critical services for seniors and the most vulnerable Americans.

"Mitt Romney has demonstrated that he lacks the courage to stand up to the Tea Party, kowtowing to their demands time and again. There is nothing in Mitt Romney's record to suggest he would act any differently as president. As governor of Massachusetts, he had a terrible relationship with Democrats, cordoning himself off behind a velvet rope instead of reaching out to build relationships. And in the near-decade that Mitt Romney has spent running for president, both his words and his actions have shown that pleasing the far right is more important to him than working across the aisle.

"Senate Democrats are committed to defending the middle class, and we will do everything in our power to defend them against Mitt Romney's Tea Party agenda."

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