According to Lawrence O'Brien tonight, the most powerful man in the GOP, Grover Norquist, suffered a little setback today. Forty "Republican members of the House of Representatives signed a letter stating that the "Super Committee" should consider all options for balancing the budget, including tax increases. Also, 11 Republican senators didn't sign a letter circulated in the Senate by Norquist's pulltoy, Jim Demint, opposing any tax increase recommendations by the Super Committee. This could mean that the GOP does not have sufficient support for a Senate filibuster against a tax increase.
Uncanny resemblance. If I was Big Bird I'd sue for IP rights violation.
Here's Demint's letter and signers:
November 3, 2011
33 Senators to Super Committee: Balance Budget, Reform Entitlements, No Tax Hikes
Today, U.S. Senator Jim DeMint (R-South Carolina) released the following letter being sent to members of the Super Committee charged with producing legislation to reduce the national debt.
Dear Members of the Joint Select Committee on Deficit Reduction:
As members concerned about the fiscal health and future of our country, we ask that any legislation introduced by the Joint Select Committee on Deficit reduction meet the following criteria:
Balance our budget within 10 years;
Place entitlements on a path to fiscal solvency;
Comprehensive tax reform that lowers rates and promotes economic growth, with no net tax increase;
Avoid a further downgrade of our credit rating.
Thank you for your work on this matter, and we look forward to seeing your bill.
Kelly Ayotte (R-New Hampshire)
John Barrasso (R-Wyoming)
Roy Blunt (R-Missouri)
John Boozman (R-Arkansas)
Richard Burr (R-North Carolina)
Saxby Chambliss (R-Georgia)
Dan Coates (R-Indiana)
Tom Coburn (R-Oklahoma)
John Cornyn (R-Texas)
Mike Crapo (R-Idaho)
Jim DeMint (R-South Carolina)
Mike Enzi (R-Wyoming)
Lindsey Graham (R-South Carolina)
Orrin Hatch (R-Utah)
Kay Bailey Hutchison (R-Texas)
James Inhofe (R-Oklahoma)
Johnny Isakson (R-Georgia)
Mike Johanns (R-Nebraska)
Ron Johnson (R-Wisconsin)
Mark Kirk (R-Illinois)
Mike Lee (R-Utah)
Dick Lugar (R-Indiana)
John McCain (R-Arizona)
Jerry Moran (R-Kansas)
Rand Paul (R-Kentucky)
James Risch (R-Idaho)
Pat Roberts (R-Kansas)
Marco Rubio (R-Florida)
Jeff Sessions (R-Alabama)
John Thune (R-South Dakota)
Richard Shelby (R-Alabama)
David Vitter (R-Louisiana)
Roger Wicker (R-Mississippi)
THE 11 NON-SIGNERS include:
Susan Collins, Maine
Olympia Snowe, Maine
Scott Brown, Massachusetts
Lamar Alexander, Tennessee
Bob Corker, Tennessee
Thad Cochran, Mississippi
Jon Kyl, Arizona
Lisa Murkowski, Alaska
Mitch McConnell, Kentucky
Demint Letter Clouds Deficit Talks
http://www.nytimes.com/2011/11/04/us/po … -says.html
Income Reported on 81 Million US Tax Returns = $7.6 Trillion
Federal Government Spending so far this year = $3.6 Trillion
So all that is needed to balance the budget (2 months spending still to go) is to TAX everyone 47% of their income. That includes the CEO's and the kid working part time at McDonalds. Everyone who files a return. And Capitol Gains are part of reported income.
When has raising Taxes EVER resulted in a Balanced Budget? The Answer is NEVER. Democrats like to claim that Bill Clinton had a Balanced Budget. And he did on paper. Because he transfered one form of debt to pay another. The National Debt INCREASED every year under Clinton. Again this is FACT not fiction. All Clinton did is lower Public Debt by borrowing from other Government Sources. Government borrowing from Government to "cook the books". Can you say Rob the Social Security Fund. Yeah for Clinton.
http://open.salon.com/blog/bruce_majors … ced_budget
http://www.treasurydirect.gov/NP/BPDLog … ication=np
1) The top 1% of income earners earn about 20% of all income but paid 38% of ALL Federal taxes
2) The top 1% paid more in Federal Income tax than the bottom 95%!!!
3) The top 5% of income earners earned 34.7% of the nation's adjusted gross income but paid about 58.7% of ALL Federal Income tax.
4) The top 50% of income earners paid over 97% of ALL Federal Income tax.
5) Okay, I will do the math for you: That means the BOTTOM 50% only paid about 3% of ALL Federal Income tax.
What about effective tax rates (i.e. with all "write-offs" what is the actual percent of income paid in taxes)
1) Top 1% of income earners paid an average effective tax rate of 23.27%
2) Top 5% of income earners paid an average effective tax rate of 20.70%
3) Top 10% of income earners paid an average effective tax rate of 18.71%
4) Top 50% of income earners paid an average effective tax rate of 13.65%
5) BOTTOM 50% of income earners paid an average effective tax rate of 2.59%
So let's stop this NONSENSE that the "rich" don't pay their "fair share". They pay SIGNIFICANTLY more than those making less. If you want to talk about who is not paying their "fair share" look at the bottom 50%. If you want the benefits of living in this great country (sorry, this ONCE great country) EVERYBODY should have some skin in the game. At least SOMETHING!! You are not willing to give even 5% of your income to be called a U.S. citizen? Top 1% of income earners are paying nearly 24% in taxes but the bottom 50% are paying less than 3%!!!
If you took 100% of the Total Worth of America's Billionaires (Liquidated everything they have... not their income, everything) you wouldn't even cover this years $1.3 Trillion Deficit. There are not enough Billionaires. Remember that Warren Buffet and Bill Gates combined - the Two "Richest" US Billionaires are "only" worth $100 million.
Is there some logical FACTUAL reason that Liberals can not do BASIC MATH? Percentages are pretty basic? Are they "Victims" of the same Public School System they continue to support via the pathetic Department of Education?
So go ahead and bash the Republicans.
Raising Taxes Will NOT Balance the Budget.
And any liberal who wants higher taxes can go ahead and open their Check Book and write the Check to the US Department of the Treasury. They will happily cash your "Donation". Go ahead liberals put your money where your mouth is.
There seem to be so many of you. Surly if you unite and send in all your excess wealth to support YOUR cause, then everything will be fine right?
Don't be a Liberal Hypocrite. Write that check.
Be sure to save a bit so you can sign up for Remedial Math and the local Community College.
Inequality of income and wealth in this country are the highest since WWII. The middle class is disappearing and merging with the poor. Grover Norquist is one of the most evil men in America.
http://keitholbermann.org/forum/viewtop … mp;t=29674
http://woodgatesview.com/2011/07/30/why … dle-class/
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