House Passes Republican Plan to Extend Bush-Era Tax Cuts for ALL Americans

Posted on August 1, 2012

The House on Wednesday passed legislation by a vote of 265-171 to extend the Bush-era tax cuts through 2013 for all Americans, not just those making less than $250,000 a year.

“Republicans want to preserve the Bush tax cuts across all six income brackets, ensuring that the top two rates remain at 35% and 33% next year. The party also wants to keep dividend and capital gains tax rates at 15% and the estate tax at 35% after the transfer of the first $5.1 million,” the Wall Street Journal’s Siobhan Hughes writes.

“The GOP has also tacked on a two-year extension of relief from the alternative minimum tax, which was intended to apply to the rich but is threatening to ensnare more Americans because it was never indexed for inflation,” she adds.

The House vote is directly opposed to legislation passed last week in the Senate by a vote 51-48 that calls for tax increases on America’s top earners.

“It’s time to put the politics aside,” said House Speaker John Boehner (R-OH) “Raising taxes at this point in this economy is a very big mistake.”

Many analysts believe today’s vote is little more than a symbolic victory for the GOP-controlled House. And they’re probably not too far off in saying so.

We can expect the legislation to meet its demise once it makes its way to the Democrat-controlled Senate and falls into the hands of Senate Majority Leaders Harry Reid (D-NV).



http://www.theblaze.com/stories/house-pa...-all-americans/

Jon Stewart calls out Fox & Friends for ironic criticism of Reid

The Daily Show host Jon Stewart on Wednesday chided Senate Majority Leader Harry Reid (D-NV) for claiming Republican presidential candidate Mitt Romney hasn’t paid taxes for ten years. But he also savaged Fox News for reporting baseless claims.

http://www.rawstory.com/rs/2012/08/02/jo...ticism-of-reid/

I see raising tax's on millioniares is bad but you think growing the debit is good, huh Mr. Hand?

thank you harry ..i think they should let them all exspire and be forced to do all the tax codes over again ..all of them ..the middleclass will be stuck with the bill anyways ...lets drive this bugger over the cliff ..yea haw mother fuckers .. ..

Raising taxes on business owners is the dumbest thing anyone could do right now especially since Obama has barrowed more money than every president since George Washington and just handed those funds to foreigners. Most of the Green energy stimulus went to foreign companies and Obamas banker friends got the cash that was supposed to help home owners. Jack asses running America until the election.

And jackasses running it AFTER.

The very same thing was said during Clinton Time as president...
Clinton cut many things to the Bone.. Even closed Military Bases across this Country.. All while everyone payed Higher Taxes...
Many of us were effected but the U.S. survived with a surplus never seen in its History...

This is about Corporate Power...
Its taking America away from the People based on Profits...

Our economy tanked because of the housing market. Under Bill Clinton in 1998 they forced banks to make bad loans to poor folk who couldn't really afford them. "BANK AFFIRMATIVE ACTION".

Now I know you guys like to talk about how dumb Bush was but this was the dumbest thing anyone could have done to fuck up our country and now he is our President.I am talking about then Attorney Barack Obama.

Involvement of Obama in financial crisis and housing bubble (Acorn, Fannie Mea and Freddie Mac)

http://www.youtube.com/watch?v=4F0afGSpo7Q

http://www.youtube.com/watch?v=4F0afGSpo7Q





ASTONISHING VIDEO EVIDENCE FOUND!!! the Clinton administration admitting their policy of "BANK AFFIRMATIVE ACTION". Secretary Cuomo admits they forced banks to make BAD LOANS. Video also shows Obama's tie to all this.

Obama is seen discussing his legal and community organizing career. See how it ties in to ACORN and the Clinton administration enforcement of the Community Reinvestment Act.

Year 2005:

In come the waves
The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops

http://www.economist.com/node/4079027


April 2010:
6 Charts That Show Who Funded The Biggest Housing Bubble In History

http://www.businessinsider.com/who-funded-the-housing-bubble-2010-4?op=1

Inflation-adjusted house prices

http://www.jparsons.net/housingbubble/

Get my point????
These are links to the Facts..
Not Spin...

Yes Mr. Hand Clinton signed that bill first put forth by the Republican house. The Bush controlled congress and White House had six years and never lifted a finger to change that. So I would think any fool could see both parties are at fault on that. And it doesn't really matter which of the two parties are elected because they will sell their power to the same highest bidder. Want things to change GET THE MONEY OUT!