On 12/04/2010 12:27 AM, Michael Madigan wrote: > Rich people will just lay people off to make up for the tax increase. Is > that what you want? >
It looks to me like President Obama will have to give the Republicans what they want. The Republicans pretty well have the Democrats checkmated on this one. However, if he allows the Bush tax cuts to expire, you and I will have to pay the price, but the Republican will score a political advantage in the 2012 elections. How do you feel about that? LOL I think most businesses have squeezed employment as low as they can, without completely shutting down. Its more important to let the middle class have the tax cuts, because they will use the additional income to consume more, (eg increasing demand), driving business to increase production, (eg supply), which in turn should increase the number of employees needed. That the way it's suppose to work, anyway. Regards, LelandJ > --- On Fri, 12/3/10, Leland Jackson<[email protected]> wrote: > >> From: Leland Jackson<[email protected]> >> Subject: [OT] Political Chess >> To: "ProFox Email List"<[email protected]> >> Date: Friday, December 3, 2010, 2:44 PM >> Part of President Obama Democratic >> platform in the 2008 elections was >> repel of the Bush tax cuts for the wealthy, (eg incomes >> over >> $250,000.00), while keeping tax cuts for everyone else in >> place. It now >> appears the Republicans will block any legislation along >> these lines. >> However, the Republicans would support extending the Bush >> tax cuts, but >> only if the tax cut remain in place across the board, >> including >> maintaining the tax cut gift to the wealthy. >> >> If president Obama does not go along with extending all the >> Bush tax >> cuts, the tax cuts to the middle class will expire, >> requiring everyone >> to pay more taxes. >> >> If the tax cuts expire for lack of legislation to extend >> them, >> Republicans will claim President Obama, his Administration, >> and the >> Democratic Party raised taxes on everybody, and we all know >> how >> devastating this would be for President Obama and the >> Democratic Party >> during the 2012 election. >> >> It's obvious to me the Republicans are more interested in >> playing a >> partisan chess game than doing the business of the Country >> and the >> American people. >> >> How do you see this playing out? >> >> Regards, >> >> LelandJ >> [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
