Subject: RE: Broken recordTriRSquared - 2012-12-12 9:26 PM "We're going to have to see the rates on the top 2 percent go up and we're not going to be able to get a deal without it" - Pres. Obama I think Obama is making himself look like a fool when he won't back off this "tax the 2%" broken record. We've all done the math. This is not going to fix the problem. Yet he will NOT let it go. And they call the GOP the "party of NO"? Both sides are crossing their arms, stomping their feet and pouting like 2 year olds. Agreed. Especially when GOP has already said that they'd go for an increase in revenue through the reduction of deductions. CBO says capping deductions at $50k nets about $750B in increased revenues, without touching rates. Add in a "millionaires" tax bracket instead of a $250k tax bracket and you get even closer. Clearly, however, neither side is interested in actually serving the people... if it's going to cost them any political capital. As one of my friends on facebook said: "We're going over the "fiscal cliff" and we've been going over it since at least November and probably more like August. It takes months to draft tax legislation, and while everyone is arguing about this proposal or that, the "months" come after the high level stuff is agreed to. Only then can actual legislation be drafted. Unless someone is squatting on a 3000 page tax bill, all this arguing over a list of bullet points is just for show."
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