Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

House Republicans reject 2-month payroll tax cut

World Dec. 21, 2011 - 06:42AM JST ( 19 )

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19 Comments

1

Elbuda MexicanoDec. 21, 2011 - 08:58AM JST

These idiot Rebublicans are EVIL! They only care about $$$ and only about themselves and rich people, so this kind of action by these fools never surprises me. I hope Mr.Obama can overcome all of this BS ASAP!!
3

zurcroniumDec. 21, 2011 - 09:00AM JST

THe party of No says no to itself this time. The republicans in the senate vote for a measure and the republicans in the house vote it down. The republican party is doing more harm to the nation than OBL ever dreamed he could accomplish. The last budget standoff by the republicans cost the country trillions via the plunging stock market. Voting for republicans is a vote for China to take over the world economy.
2

The Truth MattersDec. 21, 2011 - 09:43AM JST

There is no degree in which Boehner will stoop to try to make the president look bad. This will not end well for him. President Obama needs to take this to the people. He can crucify Boehner over his partisan politics. Bully pulpit time Mr. President. Time to turn the lights on these cockroaches.
0

YuriOtaniDec. 21, 2011 - 09:56AM JST

The retirement plan is short on money, it is time for Americans to "eat their peas!"
-2

SerranoDec. 21, 2011 - 09:59AM JST

"The House passed a separate plan last week that would have extended the payroll tax cut for one year. But that version also contained spending cuts opposed by Democrats"

So this is really the fault of the Democrats for refusing to go along with spending cuts.

"Obama's jobs agenda"

Would that include having unemployment go down below 6% like it was during the Bush years?
-1

GurukunDec. 21, 2011 - 10:06AM JST

it is time for Americans to "eat their peas!"

Ewwwww! I hate peas! LOL!

Good post Yuri! Thumbs up!
-3

JeremiahWDec. 21, 2011 - 11:09AM JST

Just typical of the Party of No. Obama wants to extend the payroll tax cut another 2 months. But they want to extend it for 12.

Outrageous.
0

Hide SuzukiDec. 21, 2011 - 01:22PM JST

I guess the ugly battle between republicans and democrats will never end, sigh
0

LagunaDec. 21, 2011 - 01:41PM JST

Serrano, the Republican bill was blocked in the Senate on a 22 to 76 vote, as a majority of senators in both parties opposed it: even the Republicans can't seem to stomach their own legislation.

It wasn't as gawd-awful as their usual stuff, surprisingly: aside from forcing Obama's hand on the Keystone Pipeline project (which could be considered a job-linked issue), it also put large restrictions on the EPA's ability to regulate industrial pollution and contained other proposals sure to annoy the Democrats. So, no, it wasn't purely the fault of the Democrats.

In a democracy, compromise is crucial, and the Senate bill was a starting point to allow further discussion next year. Boehner indicated his support from the beginning; the problem is that he cannot control his own caucus. Really, negotiating with that man is like negotiating the Futenma issue with any Japanese Prime Minister: you know he has no power to carry out his promises, so his word means nothing.
0

unreconstructedDec. 21, 2011 - 01:54PM JST

There is no degree in which Boehner will stoop to try to make the president look bad. This will not end well for him.

I did a quick check of 'right - wing' and libertarian blogs and found no gloating about this smackdown. There was no worrying either. In fact, it doesn't seem that momentous, which makes me think it's another unforced error by Reid and Obama.
2

SuperLibDec. 21, 2011 - 03:09PM JST

That was a close one.....Republicans almost let something actually pass....whew!
-6

RomeoRDec. 21, 2011 - 03:16PM JST

Obama's ponzi scheme was caught out. This bill would impose a permanent new tax on every mortgage backed by Fannie Mae and Freddie Mac. More than $3,000 of new taxes will be imposed on every $150,000 mortgage backed by Fannie or Freddie.

This means a family taking out a $250,000 mortgage will pay $5,000 more in taxes, directly and solely because of this bill, hidden in their future mortgage payments.

Bravo, republicans, for nixing this is atrocious public policy.

RR
0

SushiSake3Dec. 21, 2011 - 04:44PM JST

Boehner's going to go down as the worst speaker in history and this GOP is going to go down as the worst, most obstructive, divisive and anti-American party in recent U.S. history.

.
2

lostrune2Dec. 21, 2011 - 04:51PM JST

Haha, didn't realize Republicans are for raising taxes nowadays! Is it opposite day?
0

LagunaDec. 21, 2011 - 10:03PM JST

lostrune2, yes - it's opposite day! Here is RomeoR defending Fannie Mae and Freddie Mac! - reviled by Republicans worldwide (except for those under lobbying contracts)! - and because it implicitly places government funds against mortgage guarantees, which would help the kind of people Republicans generally disdain (nee: poor or middle class).

Don't twist reality too hard, though, RR: first, the fee would be less than two basis points, so a $250,000 mortgage would entail extra payments of about $2,000, not $5,000; and second, it is not a tax, it is a fee: mortgage holders are free to search for other providers on the market if they are dissatisfied with the terms the government-affiliated firms apply.

So, no, they are not taxes, and they do not equal the amount you claimed. You're par for a Republican, though, so don't feel too bad!
0

RomeoRDec. 22, 2011 - 12:05AM JST

Heh, Pelosi, Reid, Obama and the DNC leadership must have just bought stock in a payroll processing company.

RR
0

zurcroniumDec. 22, 2011 - 12:58AM JST

The republicans cannot even compromise with each other, they only know how to destroy the USA and the world economy. First they create the bush depression and then they repeatedly try to bankrupt the USA. Amazing anyone with a brain would ever vote for a group of losers whose goal it is to see the USA be passed over by China economically. The last republican fake budget crisis cost the USA trillions, this will no doubt be the same. They all need to be voted out before they completely destroy the american way of life. But as long as Koch and his billionaire buddies who bankroll the tea party do OK the House republicans will be happy.
0

YuriOtaniDec. 22, 2011 - 05:02AM JST

Laguna, most of these loans are transferred to Fannie Mae and Freddie Mac. My got got a letter saying it was transferred to Freddie Mac. He did not ask for it they just did it. So he will have to pay the ah fees? About the 2%, the world will not end if OASDI is raised. Ending the "discount" will help balance the budget and I think it should be raised.
0

YuriOtaniDec. 22, 2011 - 05:03AM JST

My guy got the letter, the mortgage lender GMAC sold the mortgage.