Network News

X My Profile
View More Activity

Boehner flexible on extending tax cuts; Goolsbee: Expect unemployment to continue; White House: New spending won't have impact this year

By Matt DeLong and Aaron Blake

Sunday Rundown: A quick wrap-up of the Sunday talk shows.


CBS: FACE THE NATION - Boehner flexible on extending tax cuts

House Minority Leader John Boehner (R-Ohio) said he would back an extension of the Bush tax cuts for only the middle class if that were his only option, but said that would be bad policy. "If we're going to extend tax cuts for some," Boehner said, "why not extend the current tax rates to all Americans." When host Bob Schieffer said that a nonpartisan study found only three percent of small businesses would be affected if the Bush tax cuts for upper brackets expired, Boehner said those businesses represented half of small-business income. Boehner said his party faces an uphill fight to retake control of the House of Representatives. Boehner predicted many Democrats would vote Republican in November. "This is a rebellion like I've never seen," Boehner said.

Rep. Keith Ellison (D-Minn.), the only Muslim in Congress, said Americans should reach out to mosques and Muslim groups for help in fighting extremism. He added that the U.S. should not restrict civil liberties. "The U.S. is not at war with Islam," Ellison said.

------


ABC: THIS WEEK - Goolsbee: Expect unemployment to continue

Austan Goolsbee, who on Friday was named the new head of the White House's Council of Economic Advisors, said unemployment is going to stay high for the foreseeable future. "I don't anticipate it coming down rapidly," he said. Goolsbee also said he disagrees with former Office of Management and Budget Director Peter Orszag's suggestion that Democrats extend the Bush tax cuts for the wealthy for two years and then get rid of all of them. He noted that Orszag was making a political argument, rather than an economic one, but that he doesn't agree with the political advantage of such an approach, either. "I don't think that, politically, is correct," Goolsbee said.

Imam Feisal Abdul Rauf, the head of a mosque that may be built near Ground Zero, said radicals and extremists on both sides have "hijacked" the debate over the site of the mosque. "Certain politicians decided that this project would be very useful for their political ambitions," Abdul Rauf said. He said that had Florida pastor Terry Jones gone forward with a plan to burn Korans, it would have created a disaster in the Muslim world.

------

NBC: MEET THE PRESS - White House: New spending won't have impact this year

Senior White House adviser David Axelrod said the administration's proposed infrastructure spending plan -- in which President Obama has proposed $180 billion in fresh infrastructure spending and business tax breaks -- is unlikely to have much of a positive impact on the economy this year. But he said that the plan is not aimed at winning votes in November's election. He defended the administration's focus on other issues even as its steps on the economy haven't produced as much progress as it had hoped. "We've been doing things all along to accelerate the economy," Axelrod said.

Former New York Mayor Rudy Giuliani said "80 or 90 percent" of families who lost loved ones on Sept. 11 feel "extremely hurt" by the proposal to build a mosque near Ground Zero. "It's making them relive the pain; they should be the ones to get the most consideration," Giuliani said.


------

FOX NEWS SUNDAY - Goolsbee walks back 'Summer of Recovery' comments

Goolsbee said the administration's "Summer of Recovery" was a reference to projects created, rather than actual measurable gains that would occur. "The vice president was talking about the Summer of Recovery in reference to the recovery act, that you would see the creation of a series of infrastructure and other projects ramping up over the summer, and you did see that," Goolsbee clarified.

Former House Speaker Newt Gingrich said Republicans in Congress should agree to the Democrats' plan to extend the Bush tax cuts for everyone except the wealthy, and then pass those additional tax cuts if they regain the majority in November. "It's better to at least help the middle class, even if that doesn't create jobs," Gingrich said.

------

CNN: STATE OF THE UNION - Hoyer: Dems will hold House

Nine years after the Sept. 11 terrorist attacks, Homeland Security Secretary Janet Napolitano said "we are safer," but noted that there is "no 100 percent guarantee" that the United States will not be attacked again. She said that the U.S.-born Yemeni cleric Anwar al-Awlaki is an "active recruiter" of terrorists and is very dangerous. Napolitano said that the Obama administration may tweak or "totally amend" the color-coded terror threat system to provide citizens with more information.

House Majority Leader Steny Hoyer (D-Md.) predicted that House Democrats will "probably" lose seats in November, but the party would retain control of the chamber. Hoyer pledged that his party would push a "Make it in America" agenda to boost job creation in manufacturing between now and the elections. Hoyer said "tough decisions" will be made regarding campaign spending if it is determined that some Democratic House candidates are doomed to lose. Former House Majority Leader Dick Armey (R-Tex.) predicted that the incoming congressional class will be "quite similar" to the GOP class of 1992, which he said was the "culture-changing class" that resulted in the GOP House majority of 1994.


By Matt DeLong and Aaron Blake

By Matt DeLong and Aaron Blake  |  September 12, 2010; 1:20 PM ET
Categories:  44 The Obama Presidency  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Terry Jones timeline: It all started with a tweet
Next: Goolsbee: High unemployment likely to continue

Comments

Billions of jobs will be available when the absolute minimum living wage is reached. Wages will then be paid in the form of food, keeping workers alive so they can return to their jobs the next day. Housing will be a sleeping bag provided by employers in wintertime.
Protests will be futile since no employer can be competitive if they paid more than bare minimum wages.

Posted by: morristhewise | September 14, 2010 11:23 AM | Report abuse

Boehner messed up big time with his potential "willingness" to go along with only continuing some of the Bush tax cuts.
In an effort to show that we need those tax cuts to continue in order to help those who can help the economy, he went too far.
When the "big money" doesn't get those tax cuts, they have little incentive to risk the measures that will improve the economy, provide jobs, and generally get us back on track.
The crude remarks posted here are clearly from the Chris Matthews' "tingly" types who are lacking in a few brain cells -- They are willing to bash those they don't know, and out of sheer jealousy of the industriousness of others, they bash the rich who have provided the nation with business, opportunity, on-going success that we would not have had without their contributions.
Shame on the ignorance of those who envy the wealth and efforts of others.

Posted by: pjcafe | September 13, 2010 2:38 PM | Report abuse

If our 2% rich Americans who want tax cuts actually contributed to society the way that the original Republican platform indicated, in which the rich would contribute to private programs such as helping the poor with daycare expenses, helping the poor with social services that they don't want the government to be involved with - then it might be a consideration, but this generation Republican wants to take his money and spend it overseas, with jobs overseas, with about 1% of their income helping the social services. These people are no Carnegies - that's for sure. They are self-absorbed, self-indulgent sponging rich. They want to gouge the general public with their inflated salaries, and give nothing back to society. They are disgusting people not worthy of obtaining the kind of wealth their gluttonness lifestyle demands for themselves.

Posted by: therookie | September 13, 2010 10:25 AM | Report abuse

I'm thinking the only thing flexible about John Boehner is his 'limp wrist'. There is something about this man that is just not right. People seem to forget so quickly, the Republicans and Bush are the ones who got us into this big deficit in the beginning. If we will remember Bush was left with a surplus, he just didn't understand how to handle it. Republicans think when we have a deficit, they are like sharks, they invite their friends in for a feeding frenzy of the taxpayer $$$.

Posted by: racam | September 13, 2010 9:35 AM | Report abuse


Major brands always give out their popular brand samples (in a way it is similar to coupons) I alway use qualityhealth to get mine http://bit.ly/9fz66r enjoy your free samples

Posted by: davidboner13 | September 13, 2010 3:58 AM | Report abuse

Are you looking to file for bankruptcy? Compare your bankruptcy options and information http://bit.ly/avB0jI

Posted by: devinsmith13 | September 13, 2010 2:30 AM | Report abuse

Help Justin Coussoule Butt out Boehner.

www.coussouleforcongress.com
Facebook - Justin Coussoule for Congress
Twitter - @JustinCoussoule

Donate to help Justin Butt out Boehner!


Posted by: JJOhio | September 12, 2010 10:34 PM | Report abuse

Putt out the Butt!
Butt out Boehner in November.
Vote for Justin Coussoule to replace him!

Posted by: JJOhio | September 12, 2010 10:30 PM | Report abuse

Boehner's slippery, slimy hypocrisy sure is disgusting. How dare he prate about extending tax cuts to all Americans when he is the one who has resisted giving it to all but the richest for So many years!

What will it take for his constituents to realize how he is robbing all of us?

Posted by: Syllogizer | September 12, 2010 10:24 PM | Report abuse

I watched Boner today. When asked about extending the tax cut for the 98% if he could not get 100% he said he would, with a smile. Its all politics folks. He did not want to go into the elections with denying 98% of America a tax cut. What a joker.

But dems should not let the voters forget that this man and his party were prepared to hold them hostage to make sure the 2% of the wealthiest got a tax cut this year. Never forget that. Shows that they care less about the 98% except when it comes to votes.

And when Boner said something like 50% of small businesses would benefit from that 2% of the tax cut, the interviewer pointed out a non-partisan group said it would be 3% of small business affected and asked Boner if he disagreed. He back tracked immediately. The man is not to be trusted.

Its all twisting thuth sprinkled with lies for these guys. But it was nice to see his tan diminishing. Guess he did not mow his lawn this week LOL.

Posted by: Fate1 | September 12, 2010 10:15 PM | Report abuse

SPOT ON!!

(Paul Revere speaking): "the Tea-Bags are coming, the Tea-bags are coming.....One if by land and two if by sea. The Tea-Bags are coming the Tea-Bags are coming!!"


What I think all lawmakers running for office should do is take a voluntary pledge to take a 25-30% pay-cut in solidarity to the unemployed in America (and maintain that pay-cut until unemployment drops below 7.5%), and that all of us pledge to only vote for the ones that take that pledge!

Once lawmakers make that pledge, we can know they are serious about America and the problems of the average person and not partisan politics!

If you agree with me, spread the word on this and let's make them do it!

Posted by: knjincvc | September 12, 2010 10:08 PM | Report abuse

(Paul Revere speaking): "the Tea-Bags are coming, the Tea-bags are coming.....One if by land and two if by sea. The Tea-Bags are coming the Tea-Bags are coming!!"


What I think all lawmakers running for office should do is take a voluntary pledge to take a 25-30% pay-cut in solidarity to the unemployed in America (and maintain that pay-cut until unemployment drops below 7.5%), and that all of us pledge to only vote for the ones that take that pledge!

Once lawmakers make that pledge, we can know they are serious about America and the problems of the average person and not partisan politics!

If you agree with me, spread the word on this and let's make them do it!

Posted by: JJOhio | September 12, 2010 10:00 PM | Report abuse

The Republicans will do what the American voters want them to do as follows: a) increase individual choice to quality health care services and reduce cost by Congress repealing Obama’s health care law; b) protect the rights of U.S. citizens by enforcement of boarder security; and c) stoke economic recovery by reducing the size of government by cutting spending and reducing the debt. Republican priority will be to reduce the national debt that weakens the country and brings it down to a second rate nations in the international world community.

Posted by: klausdmk
-------------------
Dear klaus: Go back to digging ditches because you know zip about macro or micro economics.

Posted by: michael4 | September 12, 2010 9:52 PM | Report abuse

If Republicans think they can win an election on Tax Cuts only, then they have another thing coming in November.

Who's going to pay down the debt and create jobs for the middle class.

The election in November is about paying down the Federal Deficit and creating Jobs.

Posted by: lcarter0311 | September 12, 2010 9:48 PM | Report abuse

Is anyone in the Democratic party even vaguely thinking.

We are going into an election...and you are talking about: TAXES.

Hello. You can't win on this topic.

Why aren't you creating jobs? You have enough votes to do whatever you want, and instead you want to talk about taxes.

You must be joking.

Posted by: bhun2 | September 12, 2010 9:45 PM | Report abuse

Is anyone in the Democratic party even vaguely thinking.

We are going into an election...and you are talking about: TAXES.

Hello. You can't win on this topic.

Why aren't you creating jobs? You have enough votes to do whatever you want, and instead you want to talk about taxes.

You must be joking.

Posted by: bhun2 | September 12, 2010 9:42 PM | Report abuse

" Republican priority will be to reduce the national debt that weakens the country and brings it down to a second rate nations in the international world community. Posted by: klausdmk"

You think so? The last two presidents to actually reduce the National Debt, by having a budget surplus, were Clinton and Johnson. The only OTHER President in the last half century to get close was Carter, who would have submitted a positive cash flow budget in 1981 had he been elected.

So just what pragmatic evidence can you offer to suggest that the Republicans have the foggiest desire for an actual balanced budget?

Fifty years experience says that, when the budget gets balanced it will be a Democrat in the White House.

Posted by: ceflynline | September 12, 2010 9:37 PM | Report abuse

"Boehner flexible..."
That says it all.

Posted by: dricks | September 12, 2010 9:27 PM | Report abuse

Could it be that John, like every Representative, has a better feel for the people of his district than all those "National" prognosticators, and realizes he has pushed the 8th just a bit too often to vote for the very rich, who mostly don't live there? By now he has had a whole series of polls done, and if he paid for realistic and unbiased polls to help position himself, he may be looking at real voter discontent and anti incumbency in HIS district.

The days dwindle down and the unemployed who want jobs get to bet who will at least TRY to manufacture real jobs.

The Republican platform is to leave the economy alone and wait, however long, for jobs to come back. They are willing to say so, and John has, until now been one of the most vocal about saying that Obama should just do nothing and eventually people will find jobs.

Maybe those people have now made up their minds.

Posted by: ceflynline | September 12, 2010 9:24 PM | Report abuse

Is anyone in the Democratic party even vaguely thinking.

We are going into an election...and you are talking about: TAXES.

Hello. You can't win on this topic.

Why aren't you creating jobs? You have enough votes to do whatever you want, and instead you want to talk about taxes.

You must be joking.

Posted by: bhun2 | September 12, 2010 9:09 PM | Report abuse

Hey, that's one of the greatest headlines I've seen in a long time: "Boehner Flexible ..."

Keep it up.

Posted by: jlelijah | September 12, 2010 8:48 PM | Report abuse

Q - What's the best way to save the economy?

A - Eliminate social security and medicare to anyone that has access to a net worth in excess of $250,000. This will include most Tea Baggers.

Posted by: Maddogg | September 12, 2010 8:05 PM | Report abuse

Breaking Now

Democrats and Republicans state they are heavily involved with Witchcraft and VooDoo with regards to the economy.

Posted by: Maddogg | September 12, 2010 8:01 PM | Report abuse


48% of likely voters rate Obama's handling of the economy as "poor".

Posted by: screwjob21 | September 12, 2010 7:46 PM | Report abuse


48% of likely voters rate Obama's handling of the economy as "poor".

Posted by: screwjob21 | September 12, 2010 7:46 PM | Report abuse

Just when we thought our bank accounts were safe, that Congress couldn't possibly spend any more, along comes the Son of Stimulus.
Sucking another $300 billion out of the economy, putting our children and grandchildren deeper in debt, and all for what?
To save the economy, they say. Kind of like burning the village to save it.
Adds new meaning to the old line, 'We're from the federal government, and we're here to help.'
Thanks, but I'll take mine to go.

Posted by: mtpeaks | September 12, 2010 7:37 PM | Report abuse

Austan Goolsbee, who on Friday was named the new head of the White House's Council of Economic Advisors, said unemployment is going to stay high for the foreseeable future. "I don't anticipate it coming down rapidly," he said.

_____________

These so-called economic advisors are clueless about unemployment.

Someone put this man out of work for a few years let him burn through this savings and face desperation, and they ask him again about unemployment.

The answer with 20 million Americans out of work is a jobs program.

The answers is not: 10% unemployment is just something we will learn to live with.

The answer is we will put Americans back to work starting yesterday, in our schools, on our roads, in our parks, in our hospitals.

Americans need to be building America's future not accepting 10% unemployment rates.

Goosey...you are a comedian...but please don't joke about this it's serious.

Posted by: bhun2 | September 12, 2010 7:25 PM | Report abuse

The Republicans best friends?

Yes, 4 years of Democrat control of congress with a super majority and the Incompetent One for 2 years, has earned them the ALL TIME WORST APPROVAL RATING IN HISTORY, 11%, THAT'S RIGHT AN ABYSMAL 11%!

Thank you Democrats! Take a bow, Pelosi, Reid, Dodd, Geithner, Rahm, Rangel, Waters, Jefferson and a cast of hundreds...

Bye Bye Democrats..

Posted by: jblast2000 | September 12, 2010 7:22 PM | Report abuse

Boehner's poll numbers must be looking bad.

Yo John, let's extend and increase those tax cuts to the middle class. This is a consumer economy and the consumer needs to be stimulated. We all know the Bush tax cuts for the wealthy failed. Bush never achieved full employment levels. Look it up. And they never keep the US out of recession and are not working now to pull us out of the recession.

and John. Get off the booze!

Posted by: Maddogg | September 12, 2010 7:18 PM | Report abuse

Yes, the Democrats can't run on ANY of the Crap they passed. They have to attempt to pretend like they're Republicans with tax cuts to stand a chance in not having their clock cleaned in November.
The problem is that Democrats tax cuts are targeted for certain things and temporary.
Businesses both big and small vote NO CONFIDENCE in the Obama regime.

Never hire a socialist to run a Capitalist country...

Posted by: jblast2000 | September 12, 2010 7:17 PM | Report abuse

Constant Screaming about $TAX Cuts FOR the Middle Class, - and do NOT forget the down & Out $RICH! - The Filthy $Rich especially Suffer SO Much Lord! -- Just how will they manage on their' 4Millions,---!? - How about the Most Hurting of ALL U.S. Citizens,-- the DISABLED & ELDERLY Living in "POVERTY"?? -- Will CONGRESS Help them at all,-- or just continue to let them go-Without!! -- SOOOO many $Rich Suffering without America!! -- Why don't the toooo-Bigs making over $500,000 per year try Living on an Average Income of $17,500 !! da!? -- Over half of ALL 'DISABLED' live on that or less!! -- And CONGRESS says that is $PLENTY,-- and that the COLA - Cost of Living has gone Down, or Not changed in the last 2-Years!!! -- We need to Quadruple the TAX's on THE fILTHY $rich,-- AND 'no loopholes-period',-- until the National $DEBT Is 'ZERO'-- ZILCH!!!

Posted by: jward52 | September 12, 2010 7:17 PM | Report abuse

Consider a rich Chinese guy in, not the USA, but, CHINA........

FROM BUSINESSWEEK..............

"Wang Zhongjun is loaded and happy to flaunt it. He wears Prada shoes, Versace jackets, and a Piaget watch. He smokes Cohiba cigars from Cuba. He drives a white Mercedes-Benz (DCX ) SL600, a silver BMW Z8, and a red Ferrari (FIA ) 360. His art collection includes hundreds of sculptures and paintings. Value: $30 million or so. Home sweet home is a 22,000 square-foot mansion north of Beijing with antique British and French furniture, a billiard room with bar, and an indoor pool. When he tires of swimming, Wang can head to his stable (annual upkeep: $500,000) of 60 horses from Ireland, France, and Kentucky. "Entrepreneurs in China today feel much safer than before," says Wang, a 45-year-old movie producer who served in the Chinese army, studied in the U.S., and learned painting before backing internationally acclaimed films such as Kung Fu Hustle. "We are more accepted by the media, government, and society today."

////////////////////////////////////

Consider a slide show of Chinese Rich life style............

http://images.businessweek.com/ss/06/01/china_millionaires/index_01.htm

///////////////////////////////////////

The Chinese are the new Americans.

The Chinese are going to the Moon.

The USA RETIRED from Space Travel.

Besides, ISLAM is going to TAKE OVER in America, which is thusly DOOMED.

China REPELS Islam which is the INTELLIGENT thing a society does when it sees a PREDATORY ideology INVADING.

America, BRAINWASHED into thinking Islam is a RELIGION is COMPELLED to allow the ISLAMIC CANCER to SPREAD within itself until ONLY THE CANCER remains.

Learn Chinese to remain AMERICAN.

****MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM****

Posted by: wapoexile1 | September 12, 2010 7:15 PM | Report abuse

Basically, he said that he would consider tax cuts for ordinary people without cuts for the rich:

if he had no other option
if he had to
if his job was being threatened
or
something like that

I'm not waiting for that slug to do anything.

Posted by: rusty3 | September 12, 2010 7:02 PM | Report abuse

Don't for a minute think Boehner is flexible...it's just that he's finding out he's getting hammered in the polling, here in Ohio.

Finally, the people of Cincy have awakened and figured out they elected a lush who has no business managing their futures.

Good riddance.

Posted by: PrissyPatriot | September 12, 2010 7:01 PM | Report abuse

Don't for a minute think Boehner is flexible...it's just that he's getting hammered in the secret polls here in Ohio.

Finally, the people of Cincy have awakened and figured out they elected a lush who has no business managing their futures.

Good riddance.

Posted by: PrissyPatriot | September 12, 2010 7:00 PM | Report abuse

Obama has proposed tax credits for people to invest in their businesses. The saving here could be offset by the increase in income tax for some of those taking home over $250,000.

Posted by: Emmetrope | September 12, 2010 6:56 PM | Report abuse

Next, Mr. B. might offer to lower middle class taxes (there are so few left in the middle) and to freeze the highest rate or extend it. R. Raygun. Ooops, I forgot. My bad...ZZZ

Posted by: deepthroat21 | September 12, 2010 6:49 PM | Report abuse

makom there is no god.you have been brainwashed .

Posted by: donaldtucker | September 12, 2010 6:36 PM | Report abuse


Ever GET A JOB by being hired by a POOR GUY?


Yeah, let's KILL OFF the stinking RICH by taking ALL THEIR MONEY and then WE'LL ALL BE POOR except for the stinking POLITICIANS who WE PAID to HELP US but, instead, HELPED THEMSELVES.

GET RID of the STINKING PROG. TAX SYSTEM. Put the FLAT TAX in place and DUMP THE IRS AND THE BUREAUCRACY OF IT.

Stop hiring THIEVES to govern our lives.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Posted by: wapoexile1 | September 12, 2010 6:34 PM | Report abuse

i think boner may be getting a little scared.if the republicans take the house he will be expected to legislate something hes unfamiliar with all hes every been is an opportunistic b*****d.as for the post about death to islam if you take all these jesus freaks with you.especially all pedophile loving baptist.

Posted by: donaldtucker | September 12, 2010 6:33 PM | Report abuse

I hope he means it. I'm as so tired of the GOP attempting to shut down the government just because they didn't win last time. They expect to win this time. Maybe they can do a few more things to make the government work for the ordinary people, not just their rich friends.

Posted by: tinyjab40 | September 12, 2010 6:23 PM | Report abuse

Boner flexible? Like Clinton you mean?

Posted by: mot2win | September 12, 2010 6:23 PM | Report abuse

Oh come on.....Boner "flexible?" Truth is he was a cockroach with nowhere to run when the lights (in the form of persistent questioning) came on. After that pig Limbaugh spanks him tomorrow he'll climb back into the large intestine that the apologists for the untaxed corporatist traitors usually dwell in. He'd have had more spine if that handsome bug Mitch McConnel was over his shoulder.

Posted by: mot2win | September 12, 2010 6:14 PM | Report abuse

Hypocrisy is the party of George Soros, Ted Kennedy, and John Heinz-Kerry calling anyone who earns $250.000 rich.

$250K to these people is pocket change. But, it sounds good to the Democrats who have been sold on the class warfare talking points.

Also, you can count on the WP to push the Socialist line.

Posted by: CrystalG | September 12, 2010 6:13 PM | Report abuse

Boehner is only hedging his bet because he knows that any kinds of tax cuts should be offset somewhere else but there's nothing on the table right now to even consider. Furthermore, he and McConnell both have not said if the tax cuts were borrowed by going to the talking points route to run out the time on MTP and This Week several weeks ago.

I am in agreement with David Stockman on the need to let the tax cuts expire because we can't afford it.

Mtpeaks:
The problem is when the Republicans offers some kind of plan they ended up voting against their own proposals just to score points and blame the Dems for it. I see this time after time something you obviously don't see.

Posted by: beeker25 | September 12, 2010 6:04 PM | Report abuse

Boehner's rationale for demanding a tax cut for ALL tax payers was that not doing so would hurt "small businesses" and their ability to create jobs. Boehner then went on say that even though only 3% of all small businesses would be taxed at the Clinton era higher rates if the Bush tax cuts were allowed to expire for them, it would still hurt them BECAUSE this 3% earns HALF the small business income.

Of course, in this 3%, are many physicians, hedge fund managers, private equity guys, and lawyers. Frankly, I don’t know how many jobs this group creates - in fact private equity captains are notorious for laying off people to finance dividends they pay themselves, and pay for the debt they usually pile on on the target companies they have acquired.

The argument that someone making a million dollars a year, will not create jobs because he has to pay 5% more tax on the marginal $750,000 at the new rate ($37,500) is absurd. Any businessman would obviously invest based on expected returns. And given the opportunity to write off any investment made to start a business or expand by expensing it, and the fact that the tax would apply only to profits, after deducting other expenses, I fail to see why anyone in this 3% group which already makes half the small business income, would not want to earn "more" because the Bush tax cuts would expire. And where is the assurance that such a millionaire would create jobs if the tax cuts were extended?


While we are all for NO TAXES (on anyone at anytime?), the debate here is that NOT letting the tax cuts expire on the top 3% would increase the deficit over 10 years by $700 Billion. And where is the evidence that letting all tax cuts expire would create enough new jobs to generate at least $700 billion in tax revenues? The consequences of tax cuts under Bush, and tax INCREASE under Clinton .. and their impact on job creation speaks for itself! Yeah, Yeah, I also know the solution is in cutting spending, but that is not the same thing as "creating jobs" as the justification for not collecting the $700 Billion.

Here is what the tax situation would look like .. depending on income:


Income ///// 2010 Tax ///// Tax Bush Cuts Expire Under Obama Budget

$300,000 ///// 63,828 ///// 64,510 (+682) $58,969 (-4859)

$600,000 ///// 146,349 ///// 172,129 (+25,780) $168,155 (+21,806)

$1.2 Million /////321,558 ///// 383,356 (+61,798)

So, tell me, Mr. Millionaire, if you had to pay about $1,000 more in taxes in 2011, would you forego investment in a business venture and job creation because of any tax policy that Obama is proposing?

Anyway, so unless Boehner was lying on CBS, looks like the Bush cuts are going to expire for the 3% who make more than $250,000 and declare half of ALL "small business" income in this country. Let us shed a tear for them!

Posted by: XRayD | September 12, 2010 6:00 PM | Report abuse

Tax breaks for ALL Americans?
Well, let's see. I would like for Boner to explain to me how tax breaks for the morbidly obese radio psychopath, Bill O'Dummy, Piggy Palin, Coultergheist, Insanity, and Glen the Flake could possibly help the economy.
Well, Boner, I am waiting for your answer.

Posted by: analyst72 | September 12, 2010 5:52 PM | Report abuse

Tax breaks for ALL Americans?
Well, let's see. I would for Boner to tell me how tax breaks for the morbidly obese radio psychopath, Bill O'Dummy, Piggy Palin, Coultergheist, Insanity, and Glen the Flake could possibly help the economy.
Well, Boner, I am waiting for your answer.

Posted by: analyst72 | September 12, 2010 5:48 PM | Report abuse

I guess the United States Chamber of Commerce told Orange Glow that it was ok to make a nod to middle-class tax cuts.

Glad they could get him on his cell at the golf course.

Posted by: singleseatbiggermeat | September 12, 2010 5:46 PM | Report abuse

I am glad that Rep. Boehner is at least willing to consider passing just a tax cut for the middle class. Although I may pay more taxes if tax cuts for those with incomes above $250K expire, I still believe that those of us with higher incomes can and should pay a bit more in taxes in order to help those who need help more. How I vote in the mid-term elections depends to some extent on this issue. I will NOT vote Republican if they stick to their platform of protecting only those of us with thicker wallets. It's simply not sensible.

Posted by: thoughtful8 | September 12, 2010 5:43 PM | Report abuse

Boehner wasn't even invited to the Tea Party event in D.C. today because he voted for the TARP. The establishment repubs are not for small business any more than the Goldman Sachs Demmycrats. Vote Nader on the left, and Ron Paul on the right, or be responsible for the bankruptcy of this nation and the following corpratist fascism that even now is taking over this country.

Posted by: shred11 | September 12, 2010 5:38 PM | Report abuse

mtpeaks @ September 12, 2010 2:56 PM wrote "Smart move by Mr. Boehner. Now the dems have to come up with the $2 trillion required to offset extending the middle class tax cuts."

An invalid statement: the cuts for 98% of the population will cost less than $700billion over the next 10 years. The cuts for the top 2% will cost more than $2trillion! And the Republicans (including Boehner don't think any of them need to be paid for)! Obviously Boehner wants us to believe that he is starting to be concerned with 98% of the country, perhaps!

Posted by: AMviennaVA | September 12, 2010 5:33 PM | Report abuse

"The Republicans are not like the Democrats. They are not going to hurt everyone because they do not get all of what the want."

yeah, right...

Posted by: teabaggerzrnutz | September 12, 2010 5:32 PM | Report abuse

Obama has one hope: drop his middle name; get baptized in public; and lead a crusade to the death vs. Islam.

Posted by: ravitchn | September 12, 2010 5:31 PM | Report abuse

Obama has one hope: drop his middle name; get baptized in public; and lead a crusade to the death vs. Islam.

Posted by: ravitchn | September 12, 2010 5:31 PM | Report abuse

Obama has one hope: drop his middle name; get baptized in public; and lead a crusade to the death vs. Islam.

Posted by: ravitchn | September 12, 2010 5:31 PM | Report abuse

Obama has one hope: drop his middle name; get baptized in public; and lead a crusade to the death vs. Islam.

Posted by: ravitchn | September 12, 2010 5:31 PM | Report abuse

Boehner has said many things, but he has also voted against his own proposals once they make it into a bill by the Democrats. So what difference does it make what he says?

Posted by: AMviennaVA | September 12, 2010 5:28 PM | Report abuse

The Democrats have made Boehner the news lately. Guess they figure he will replace Pelosi next year.
The Republicans are not like the Democrats. They are not going to hurt everyone because they do not get all of what the want. That is Boehner's position.
The Democrats on the other hand would are not like that at all.
Also, whatever happened to the estate tax?
Wasn't that a tax cut for the rich in 20010 that cost the Treasury 28 billion dollars?
The estate tax expired January 1, 2010 and the Dems who were in power decided to give the rich a tax cut and the media is not harping on it. The republicans wanted to do away with the estate tax so their not complaining. But the Dems went their own principles because they are inept. They had the power and did nothing. The estate tax expiration was not a surprise. They knew about it for many years and did nothing but spend.

Posted by: nychap44 | September 12, 2010 5:24 PM | Report abuse

How big of Boehner to indicate that he would consider doing something that would benefit the average person instead of just the 2% of Americans the Republican Party exists to serve.

We're overcome by your generosity Mr. Boehner. Oh wait. You only said you'd consider it, not that you'd actually do it.

Posted by: exco | September 12, 2010 5:21 PM | Report abuse

But, Why is The Anti-Christ Obama Destroying America. If you truly want to know what is going on; Then you will have to accept these things as the TRUTH. Once you understand the following things; All things will be understood. So I tell you Obama is Satan on Earth, Lawless One, or what ever else you want to call this Demonic Figure. His words describe him, He is a False Hope, If you listen to him you will love him. He carries a Bow without an Arrow. He will conquer all through his speech, his false hoods will capture all who sit and listen to him.
2 Thessalonians 2:11-12
11And for this reason God will send them strong delusion, that they should believe the lie, 12 that they all may be condemned who did not believe the truth but had pleasure in unrighteousness.

Posted by: makom | September 12, 2010 5:19 PM | Report abuse


unemployment will go up and foreclosures will resurface more than before.

it's still going on, this big economic crisis.....with no real hope in sight.

come November, Congress votes for extensions of unemployment. And they better vote for a 6 month extension (I may be dreaming).

In fact, unemployment benefits have to, realistically, go throughout 2011 as well, or the housing debacle will be worse. I know that sounds "terrible" to support the people that can't find jobs....because everyone cries that the people aren't looking for jobs. Yes, they are.

450,000 people applied for first time unemployment last month according to the new numbers. So jobs are still being lost. Forget manufacturing, we don't have it in America at all except for cars, food, military stuff, and prescription drugs.

///
Tax cuts for millionaires shouldn't happen. Even 1/4 millionaires. But for the middle class, yes. If we still have a middle class, which I don't (IMHO) believe we have. Everyone is in debt up to their eyeballs. They are paycheck to paycheck poor with no savings. If they had any savings, it was long gone last year.

cancel xmas
2011 is going to be H&**

Posted by: TheBabeNemo | September 12, 2010 4:57 PM | Report abuse

This is pure posturing by Boehner. Does anyone actually believe that the Senate Democrats have the votes to eliminate the high-end tax cuts? It's never going to happen. The monolithic Republican minority aided by a handful of Blue dogs won't allow a vote on it. The Democrats will be left with the choice of allowing all of the tax cuts to expire or extending them all. They'll extend the cuts and Obama will sign it. Game, match, set to the Republicans and their plutocratic constituency.

Posted by: seldoc1 | September 12, 2010 4:52 PM | Report abuse

This is pure posturing by Boehner. Does anyone actually believe that the Senate Democrats have the votes to eliminate the high-end tax cuts? It's never going to happen. The monolithic Republican minority aided by a handful of Blue dogs won't allow a vote on it. The Democrats will be left with the choice of allowing all of the tax cuts to expire or extending them all. They'll extend the cuts and Obama will sign it. Game, match, set to the Republicans and their plutocratic constituency.

Posted by: seldoc1 | September 12, 2010 4:52 PM | Report abuse

maybe obama should spend the billions he has horded from the stimulis by maybe rehiring the census workers until the money runs out...

Posted by: DwightCollins | September 12, 2010 4:27 PM | Report abuse

"Austan Goolsbee, who on Friday was named the new head of the White House's Council of Economic Advisors, said unemployment is going to stay high for the foreseeable future. "I don't anticipate it coming down rapidly," he said. Goolsbee also said he disagrees with former Office of Management and Budget Director Peter Orszag's suggestion that Democrats extend the Bush tax cuts for the wealthy for two years and then get rid of all of them. He noted that Orszag was making a political argument, rather than an economic one, but that he doesn't agree with the political advantage of such an approach, either. "I don't think that, politically, is correct," Goolsbee said."

seems obama got a yes man who doesn't agree that the tax cuts be extended...
but I did not hear him give a solution to the employment problem other than say it would not go down anytime soon...

Posted by: DwightCollins | September 12, 2010 4:24 PM | Report abuse

this is gonna be great. boehner offers a reasonable compromise on taxes and obama is going to spend from now to election day desperately trying to paint boehner as some kind of boogey man. even on the small business lending bill, it's democrats like evan bayh, ben nelson, jim webb and michael bennet which have come out against it. you can only talk past an offer of compromise for so long, mr. president. americans are long past wondering whether compromise is something that would mr. obama would be satisfied with.

Posted by: dummypants | September 12, 2010 4:19 PM | Report abuse

a flexible boener does not sound very manly

Posted by: johng1 | September 12, 2010 4:06 PM | Report abuse

Posted by: klausdmk

The Republicans will do what the American voters want them to do as follows: a) increase individual choice to quality health care services and reduce cost by Congress repealing Obama’s health care law; b) protect the rights of U.S. citizens by enforcement of boarder security; and c) stoke economic recovery by reducing the size of government by cutting spending and reducing the debt. Republican priority will be to reduce the national debt that weakens the country and brings it down to a second rate nations in the international world community.
-----------------------------------------
Yeah, right, and monkeys will fly out of my butt.

Posted by: binaryboy | September 12, 2010 3:38 PM | Report abuse

Tomorrow, ManTan will say that he didn't say what he said.

Posted by: whocares666 | September 12, 2010 3:28 PM | Report abuse

If you liked the years between 2001-2009 with unfunded wars and most of the world looking at us as arrogant fools, vote Republican.
If not give the new guy a chance he has only been in there 18 months, think about it!

Posted by: janetal2004gmailcom | September 12, 2010 3:19 PM | Report abuse

The tax cuts were worthless symbolism that primarily benefited the rich. Let them expire for all. Whatever you do, don't renew them even for a year given the fiscal crisis. Whats the matter with American memory? We always had high progressive taxation and we did well with it. We drank the Bush cool-aid long enough to go nearly bankrupt.

Posted by: paulnolan97 | September 12, 2010 3:18 PM | Report abuse

John B saw the handwriting on the wall. Now Obama has to keep the pressure up and get the rest of the agenda through and let not a hair on their head be spared if they finch...thee always find a way to split and screw things up. Yes, you, BLUE DOGS!

Posted by: crrobin | September 12, 2010 3:12 PM | Report abuse

Smart move by Mr. Boehner. Now the dems have to come up with the $2 trillion required to offset extending the middle class tax cuts.
Should be interesting

Posted by: mtpeaks | September 12, 2010 2:56 PM | Report abuse

The Republicans will do what the American voters want them to do as follows: a) increase individual choice to quality health care services and reduce cost by Congress repealing Obama’s health care law; b) protect the rights of U.S. citizens by enforcement of boarder security; and c) stoke economic recovery by reducing the size of government by cutting spending and reducing the debt. Republican priority will be to reduce the national debt that weakens the country and brings it down to a second rate nations in the international world community.

Posted by: klausdmk | September 12, 2010 2:55 PM | Report abuse

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company