Congress approves ‘fiscal cliff’ measure - Basketball Forum : Professional and College Basketball Forums
BasketballForum.com is the premier basketball Forum on the internet. Registered Users do not see the above ads.
User Tag List

Reply
 
LinkBack Thread Tools Display Modes
Old 01-01-2013, 09:43 PM   #1 (permalink)
God, this place makes me frisky!
Photobucket
 
Bubbles's Avatar
 

Join Date: Nov 2005
Location: Duluth, MN
Age: 24
Posts: 14,643
Mentioned: 57 Post(s)
Tagged: 1 Thread(s)
Quoted: 339 Post(s)
Congress approves ‘fiscal cliff’ measure

Quote:
Congress approved a plan to end Washington’s long drama over the “fiscal cliff” late Tuesday after House Republicans surrendered to President Obama’s demand to let taxes rise on the nation’s richest households.

The House voted 257 to 167 to send the measure to Obama for his signature; the vote came less than 24 hours after the Senate overwhelmingly approved the legislation.

House Speaker John A. Boehner (Ohio) and most other top GOP leaders took no public position on the measure and offered no public comment before the 10:45 p.m. vote. Boehner declined even to deliver his usual closing argument, leaving House Ways and Means Committee Chairman Dave Camp (R-Mich.) to defend the measure as the “largest tax cut in American history.”

The bill will indeed shield millions of middle-class taxpayers from tax increases set to take effect this month. But it also will let rates rise on wages and investment profits for households pulling in more than $450,000 a year, marking the first time in more than two decades that a broad tax increase has been approved with GOP support.

The measure also will keep benefits flowing to 2 million unemployed workers on the verge of losing their federal checks. And it will delay for two months automatic cuts to the Pentagon and other agencies that had been set to take effect Wednesday.

Many economists had warned that the scheduled tax increases and spending cuts would have plunged the economy back into recession.

Conservatives complained bitterly that the legislation would raise taxes without making any significant cuts in government spending. For much of the day, the measure appeared headed for defeat as Boehner contemplated tacking on billions in spending cuts, a move that would have derailed a compromise that the White House and Senate leaders had carefully crafted.

In the end, GOP lawmakers decided not to take a gamble that could force the nation to face historic tax increases for virtually every American — and leave House Republicans to take the blame.

“I don’t know if playing chicken with the American people at this point is in the best interest of the people,” said freshman Rep. Lou Barletta (R-Pa.).

The bill drew 85 votes from Republicans and 172 from Democrats, meaning well more than half of its support came from the Democratic minority.

With 151 Republicans voting “no,” the GOP tally fell far short of a majority of the GOP caucus. That broke a long-standing preference by Boehner to advance only bills that could draw the support of a majority of his Republican members.

In a sign of the moment’s gravity, Boehner himself cast a rare vote: He supported the bill. So did Rep. Paul Ryan (Wis.), the GOP’s vice-presidential candidate last year, who parted ways from Sen. Marco Rubio (R-Fla.), a potential 2016 presidential contender, who voted against the measure.

But other top GOP leaders voted no, including Majority Leader Eric Cantor (Va.) and Majority Whip Kevin McCarthy (Calif.).

Boehner was humiliated just two weeks ago when the Republican rank-and-file refused to support a GOP alternative that would have permitted taxes to rise only on income over $1 million a year. But when he scheduled a vote on the Senate bill, even some of the chamber’s staunchest conservatives agreed that giving up the fight was probably the best course.
http://www.washingtonpost.com/busine...y.html?hpid=z1
__________________


2032 KVBL Champions
2033 KVBL Champions
2040 KVBL Champions
2047 KVBL Champions

Fear the Deer
Minnesota Timberwolves
Bubbles is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 01-02-2013, 08:11 AM   #2 (permalink)
Come At Me Bro
 
kbdullah's Avatar
 

Join Date: Jul 2010
Location: Houston, TX
Posts: 5,457
Mentioned: 45 Post(s)
Tagged: 3 Thread(s)
Quoted: 375 Post(s)
Re: Congress approves ‘fiscal cliff’ measure

Disappointing that the only thing to come out of this was a two-month delay and no real spending cuts. Those earlier offers the House rejected are probably looking real good right now. The no tax pledge ended up just costing House Republicans opportunities to accept deals that at least had some spending cuts too.
kbdullah is online now   Reply With Quote
Old 01-02-2013, 08:59 AM   #3 (permalink)
Limehouse Blues
Photobucket
 
Diable's Avatar
 

Join Date: Apr 2005
Location: North Carolina
Posts: 26,178
Mentioned: 26 Post(s)
Tagged: 2 Thread(s)
Quoted: 688 Post(s)
Re: Congress approves ‘fiscal cliff’ measure

The members of the House just aren't capable of doing anything, because governing in the country's best interests is not in their own best interests. The only thing that concerns them is whether or not something is likely to result in a primary challenger backed by a bunch of money from special interest groups.
So Boehner had to punt instead of doing his job.

If you chose not to participate in the legislative process it casts a lot of doubt on your fitness for the job of legislating.
__________________
Diable is offline   Reply With Quote
Old 01-02-2013, 10:15 AM   #4 (permalink)
Baddest Honky Mofo Alive
Photobucket
 
E.H. Munro's Avatar
 

Join Date: Jun 2004
Posts: 26,273
Mentioned: 31 Post(s)
Tagged: 1 Thread(s)
Quoted: 397 Post(s)
Re: Congress approves ‘fiscal cliff’ measure

Gee, the Senate and White House came together to protect corporate welfare and the House followed along meekly? I'm shocked! Shocked! I tell you.
__________________
Not the Onion

"Opium is the religion of the masses." Fred Reed

E.H. Munro is offline   Reply With Quote
Old 01-02-2013, 02:14 PM   #5 (permalink)
All-Star
 
e-monk's Avatar
 

Join Date: Sep 2010
Posts: 7,795
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 409 Post(s)
Re: Congress approves ‘fiscal cliff’ measure

blah blah blah
e-monk is offline   Reply With Quote
Old 01-02-2013, 03:22 PM   #6 (permalink)
Werewolf Bar Mitzvah
Photobucket
 
Hyperion's Avatar
 
Simon Champion!
Join Date: Dec 2006
Location: 602
Posts: 18,717
Mentioned: 10 Post(s)
Tagged: 0 Thread(s)
Quoted: 260 Post(s)
Re: Congress approves ‘fiscal cliff’ measure

So in their effort to stop taxes rising for those making more than $450,000, they refused to back a bill that put the tax hike on $1mill plus and ended up getting the $450,000. This is the height of hilarity. It's almost as if these people were inbred into these positions of power.

__________________
"I've seen things you people wouldn't believe. Attack ships on fire off the shoulder of Orion. I watched C-beams glitter in the dark near the Tannhauser gate. All those moments will be lost in time... like tears in rain...."

"The light that burns twice as bright burns for half as long - and you have burned so very, very brightly"

Quote:
Originally Posted by Cam*Ron View Post
Anyway, gotta get back to the money. Holla at you lames another day.
Hyperion is online now   Reply With Quote
Old 01-02-2013, 09:26 PM   #7 (permalink)
Baddest Honky Mofo Alive
Photobucket
 
E.H. Munro's Avatar
 

Join Date: Jun 2004
Posts: 26,273
Mentioned: 31 Post(s)
Tagged: 1 Thread(s)
Quoted: 397 Post(s)
Re: Congress approves ‘fiscal cliff’ measure

I think you're missing the #1 priority of everyone in DC. Corporate welfare. What doesn't this "adult agreement" do? Cut spending. What won't happen in any continuing spending resolutions? Spending cuts.
__________________
Not the Onion

"Opium is the religion of the masses." Fred Reed

E.H. Munro is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On



All times are GMT -7. The time now is 05:45 AM.



User Alert System provided by Advanced User Tagging v3.1.0 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
Copyright © 2002 — 2013 BasketballBoards.net.

Search Engine Friendly URLs by vBSEO 3.6.1