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Obama INSISTS on $76 Billion in tax credits for the 1% in fiscal cliff agreement

 
Brightwinger
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01/03/2013 12:44 AM
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Obama INSISTS on $76 Billion in tax credits for the 1% in fiscal cliff agreement
Didn't the Republicans get blamed for the need for Zucotti Park? Wan't Obama on the side of the 99% before he insisted that these tax credits for uber rich companies be a part of the law? Apparently Goldman Sachs, JP Morgan, GE and Hollywood are NOT part of the 1%. I did not know that.

"The "fiscal cliff" legislation passed this week included $76 billion in special-interest tax credits for the likes of General Electric, Hollywood and even Captain Morgan. But these subsidies weren't the fruit of eleventh-hour lobbying conducted on the cliff's edge -- they were crafted back in August in a Senate committee, and they sat dormant until the White House reportedly insisted on them this week...."

"A Republican Senate aide familiar with the cliff negotiations tells me the White House wanted permanent extensions of a whole slew of corporate tax credits. When Senate Republicans said no, "the White House insisted that the exact language" of the Baucus bill be included in the fiscal cliff deal. "They were absolutely insistent," another aide tells me."

[link to washingtonexaminer.com]

Last Edited by TheAmericanCancerSocietySucks on 01/03/2013 12:45 AM
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Brightwinger (OP)

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01/03/2013 01:04 AM
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Re: Obama INSISTS on $76 Billion in tax credits for the 1% in fiscal cliff agreement
There is a definite pattern in how many people click on articles that include dollar signs, percent signs, numbers or the word "taxes" in the headline. Combine them all and the thread is doomed.

The open rate is low. The likelihood of a comment is slim.
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Brightwinger (OP)

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01/03/2013 01:17 AM
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Re: Obama INSISTS on $76 Billion in tax credits for the 1% in fiscal cliff agreement
There is a definite pattern in how many people click on articles that include dollar signs, percent signs, numbers or the word "taxes" in the headline. Combine them all and the thread is doomed.

The open rate is low. The likelihood of a comment is slim.
 Quoting: Brightwinger

See what I mean?
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Anonymous Coward
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01/03/2013 01:35 AM
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Re: Obama INSISTS on $76 Billion in tax credits for the 1% in fiscal cliff agreement
Obama is about to raise all their taxes in rounds two and three to get it down to 250k and above, as well as, fighting to revamp the tax code. Its all moot.

Of course it will be Republicans who after fighting TO revamp the tax code will now fight to STOP revamping the tax code to spare the wealthy and corporations.

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