Obama to Seek New Payroll Tax Cut for Small Businesses
http://www.bloomberg.com/news/2011-0...memo-says.html
President Barack Obama will propose cutting payroll taxes for small businesses as part of a more than $300 billion plan to re-ignite the economy and spur hiring, according to an administration memo obtained by Bloomberg News.
The business tax cut will be part of a package of measures Obama will lay out in a speech to Congress tonight, along with assistance for the long-term unemployed, spending for building roads and bridges and repairing schools, and aid to states to keep teachers and emergency workers on the job.
Obama’s advisers also have discussed seeking a deeper cut in the payroll tax for workers, to three percentage points from the temporary two-point cut in effect now, according to a person familiar with the discussions.
Obama would pay for the additional spending by closing corporate tax loopholes and raising taxes on high-income earners. Next week, he’ll send a plan on how to offset the spending to the special 12-member congressional committee charged with coming up with $1.5 trillion in deficit cuts.
With his address tonight to a rare joint session of Congress on jobs, the top concern of voters as the 2012 election campaign gets under way, Obama is seeking to frame choices for voters as much as present a plan for lawmakers.
Republican Resistance
He’ll be proposing his latest stimulus plan in the House chamber, where the Republican majority has signaled opposition to new spending. As job growth has stalled and the unemployment rate hovers above 9 percent, Obama’s job-approval ratings are scraping new lows as public doubts about his stewardship of the economy rise.
“The president has had a difficult summer,” said Democratic political consultant Tad Devine, a senior strategist for the Al Gore and John Kerry presidential campaigns. “All of the polling is heading in the wrong direction. He needs a circuit breaker.”
Article continued on link at top of page.
Obama is the Best Republican President Since Lincoln
By Tina Dupuy
There was a 90 percent top marginal tax rate under President Dwight Eisenhower. Ronald Reagan raised taxes nearly every year he was in office and still managed to quadruple the national debt. Teddy Roosevelt was an anti-business trust-buster who snatched Yosemite away from private profits. Gerald Ford ended a long pointless war in Vietnam even though pontificators like Pat Buchanan claim we could have won…eventually. George W. Bush bailed out the banks and the auto industry. I won’t even utter the names Herbert Hoover or Richard Nixon (Republicans sure won’t).
Historians agree the best Republican President was also the first: Abraham Lincoln. Who’s second runner up? Which President has represented Republican values best? Easy. President Barack Obama.
First off – his signature legislative accomplishment was to implement a Republican/Heritage Foundation idea from 1989. Assuring Affordable Health Care for All Americans reads, "[N]either the federal government nor any state requires all households to protect themselves from the potentially catastrophic costs of a serious accident or illness. Under the Heritage plan, there would be such a requirement...A mandate on households certainly would force those with adequate means to obtain insurance protection."
The Heritage Foundation has since recanted and even filed friend-of-the-court briefs against the mandate. This is only after an alleged Democrat was for it. There’s been a pattern of this partisanship before policy since Obama was sworn in.
But if you ignore the misplaced (and often misspelled) vehemence against the first African-American president as a communist/socialist/Marxist/bad “ist” du jour and instead just look at the policy – we have a stellar Republican in the Oval Office.
Obama renewed the Bush Tax Cuts. Republicans love those tax cuts even more than they love being against something once Obama has signed it. In fact the President hasn't raised taxes at all – just like Republicans say they won’t (see: “Read my lips – no new taxes.”). The only tax he’s raised is on smokers. Obama increased the tax on cigarettes even though he’s an admitted (reformed) smoker. But even that is ideal in a Republican hypocrite kind of way (see: too many anti-gay Republicans in gay sex scandals to list).
And on top of the Bush Tax Cuts - Obama cut even more taxes for 95 percent of Americans.
Plus, he’s cut the size of government! Yes. Regardless of all those email forwards your kooky great-aunt sends you from her decades-old AOL account – the public work force has been reduced under an Obama presidency – therefore “shrinking the size of government.” The reason we had no net jobs in August is because the public sector (i.e., the government) lost jobs due to cuts. The private sector gained the exact amount resulting in a push.
President Obama has managed to quell all anti-war protests and even start a new conflict. That is surely to be the envy of any Republican president who’s ever served.
Guantanamo Bay? Still open. Osama bin Laden? Shot in the head.
Talk about getting 98 percent of what they wanted. If the GOP didn’t have to change their goal post so Obama could never score in their view – Republicans could be dumping Gatorade on Rush Limbaugh by now.
How about the GOP-despised EPA? You know, that “job-killing” governmental regulatory agency GOP candidates Michele Bachmann, Rick Perry and Ron Paul all promise will go dark when they become president? That agency’s pinko plot for cleaner air estimated to stop tens of thousands of premature deaths? Gone. And guess who said this about it: “I have continued to underscore the importance of reducing regulatory burdens and regulatory uncertainty, particularly as our economy continues to recover.” Speaker of the House John Boehner (R-OH)? Maybe Majority Leader Eric Cantor (R-VA)? Some tea party speaker at some quarter-full rally somewhere? Who said it? The socialist Nazi radical – current occupant of the White House - Barack Hussein Obama! He’s a wonderful Republican.
The right-wing says Obama is left of Lenin – in reality he’s barely left of Goldwater.
What does this mean? It means we currently have eight GOP candidates running against what’s essentially a GOP incumbent. It means we have eight mediocre Republican candidates running against the best Republican president since Lincoln. The safe bet is that a Republican will win the next election.
To be clear, I’m not a Republican – but I have undeniably voted for one.
In the ‘80s there were Reagan Democrats. I’ll solve this whole thing by just calling myself an Obama Democrat.
http://crooksandliars.com/tina-dupuy...sident-lincoln
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Tax cuts, tax cuts, tax cuts, tax cuts. Yep, puke-boy is a repuke. Fer sure. So anybody that still calls him the names that repukes use doesn't know how to read and comprehend. That's because their ideology controls them. Facts??? Who cares! I know what I believe, they say.
Fox and other right-wing sources tells them what to believe. That's good enough for them.