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Lawmakers Dig in Heels Over Debt

January 7, 2013

WASHINGTON (AP) — Congressional leaders on Sunday showed no signs of emerging from their corners to resolve the next step in the financial crisis, with Democrats still demanding more taxes on the......

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dyingov

Jan-07-13 7:34 AM

Democrats still demanding more taxes on the "rich!" I really don't think the 77% that received a tax increase consider themselves as "rich!"

"The deal (fiscal cliff), of course, raised marginal income tax rates for individuals making more than $400,000 a year. Nominally, as The New York Times reported today, this makes the federal tax code–at least as it appears in statute–more progressive than it has been in decades. The actual effect of the deal, however, was to raise taxes on 77% of American households, while giving away billions in tax breaks to politicians’ corporate patrons."

This statistic, for example, tells you everything about who lawmakers were really looking out for in the negotiations: Among Americans who make between $20,000 and $30,000 a year, 66.9% pay more in payroll tax than income tax, according to the Tax Policy Center. To those people, the payroll tax is what matters more. It’s what takes the bigger bite out of their paychecks.

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mikeyd

Jan-07-13 8:25 PM

why do they keep calling these lawmakers "leaders"?who are they leading?

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walksabout

Jan-07-13 8:44 PM

another end runon marriage. why should a couble with combined income 450K marry and hammer financial nails in their spending power ?

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walksabout

Jan-07-13 8:45 PM

neither side can complete their trick in light of day. To use commonsense means losing votes from the "takers"

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walksabout

Jan-07-13 8:46 PM

we all know the right thing isn't the popular thing. people conditioned to life on social programs have the numbers now to deny good people election wins.

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