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Boehner Caves On Payroll Tax: Official Statement
Ok folks, the circus is over, if only for a few days. Go home.
Statement by Speaker Boehner on Efforts to Enact a Full-Year Extension of Payroll Tax Relief Washington (Dec 22)
House Speaker John Boehner (R-OH) today issued the following statement:
“Senator Reid and I have reached an agreement that will ensure taxes do not increase for working families on January 1 while ensuring that a complex new reporting burden is not unintentionally imposed on small business job creators. Under the terms of our agreement, a new bill will be approved by the House that reflects the bipartisan agreement in the Senate along with new language that allows job creators to process and withhold payroll taxation under the same accounting structure that is currently in place. The Senate will join the House in immediately appointing conferees, with instructions to reach agreement in the weeks ahead on a full-year payroll tax extension. We will ask the House and Senate to approve this agreement by unanimous consent before Christmas. I thank our Members – particularly those who have remained here in the Capitol with the holidays approaching – for their efforts to enact a full-year extension of the payroll tax cut for working families.”
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What a pussy
That would be "Speaker of the Pussies"...
Bhoaner strutted around erect, his resolve a rigid iron rod. Alas, it was all talk; performance time found him limp and flaccid, shrinking in the cold.
Someone should remind Boehner that "deficits don't matter" and thus the government can simply print the money instead of taxing us. I mean, why tax when they can print?
/I'm only half being sarcastic...
One's man liabilities are another man's assets. All things being equal is Keynesianland, it is clear the government simply has not done enough stimulation. Going from $10T to $15T in a few years simply wasn't enough I suppose. And cherished principles like Gresham's law seem to be working so well. In fact, much more government debt was needed to avert trouble. Therefore, Boehner and likes of all elected government should rejoice at the idea of creating additional government expendatures in a manner that also promotes economic growth through consumer spending.
/fully sarcastic of course
I've never heard Medicare/SocSec referred to as "stimulation" before. You've really got something there.
May as well throw in the military, too. If not as stimulation, it's just as well considered welfare for folks who can't compete in the private sector and don't have the connections to get a cushy government administration job.
just let me put the head in,...
Which half? Kidding, but really, if the intention of printing is to inflate the money supply, then sucking that money back in through taxes is self-defeating. You are right if you say there should be no taxes.
How many people were killed in the cave-in?
He was heard to exclaim:
"I was in the pool" "I was in the pool"!!!!!
I think this just about says it all about the guy. They need a new leader in the house.
no way. he's perfect.
the house the basement the garage the shed......
at least obummer gets his vacation. Kneel slave!
John Boehner.
Genus: Chrysaora
http://marinesciencetoday.com/wp-content/uploads/2009/06/jellyfish-chrys...
Not that the democrats are any better; but I find it utterly hilarious that republicans were fighting dems-- and the dems were for a tax cut... hahaha... out political system has fallen off of a clif just like our financial system...
the same thing caused the collapse of the USSR -- when citizens lost total faith not only in their political leaders (US congress at 11 percent approval), but their financial/economic system (think MF global stealing 1.2 billion and walking away and our national budget out of control)...
ugh... now we got Ron Paul being accused of being a racist... I vote for anarchy at this point...
Learn basic Civics please. The Speaker runs the House. The Dems don't have anything to do with this dipstick.
it's all political showmanship-- over what? that's my point…fine let them take a stand, but let it be about something meaningful
Tax cut, for whom? In the answer, lies your explanation.
Oh, please... riddle me this: what does it matter?; pay roll tax cut or no pay roll tax cut. It makes no difference on the bottom line—at the end of the day. And moreover, Who pays for it, whether it's millionaires or eliminating gov. jobs. Etc. or Medicare or whatever… Do you really think it matters?
Point is, these politicians including the tea partiers (and I support fiscal responsibility) are so out of touch. They can’t decide on anything; they’re just a bunch of babies who are either voting for their own pay increases or trying to figure out how to run their re-election campaigns or smearing one another.
Obama stinks. They all stink. And -- Why does Ron Paul have to have these skeletons in his closet now; his best hope is to maybe run as an independent…ugh… The fako press is just going to ruin him like Nader or Perot.
The last thing on their mind is actually running a country or fixing a problem; you know what’s on their find celebrating the holidays and getting their next pay out or front running the market or something…crooks, all of them... including the bankers and including the FED R... “I just gotta know, are we gonna try to love each other? ... I'd like to. But he's out there right now. And I've gotta go to work…”
This country deserves to fail or needs an enema … Maybe then we can start over and fix this fucking mess...
Zippy=mindreader
Boehner=puss-wah
waiting to hear if they got the drug testing part, will inform later
Drug testing for Congress? Sounds like a good idea.
Certainly not worried about them using "performance enhancing" steroids...
not for them, us, me and you
More like brain scans for congress. There they come up empty.
Boner, is such a POS, the leader of the useless eaters.
i always thought drug testing people on welfare was retarded for two reasons. first, i believe it will likely lead to an increase in crime. second, so we're going to give a $100 test to people to get a $130 of food per month and pay another gov't employee to administer the test. to top it off all they would ever catch anyone for is weed, which may not be legal or a good idea, but is far from the biggest threat our society faces.
Weed increase GDP 1.1% annually through sales of plastic buckets, grow lights, ice cream, etc., but then negates all gains by people sitting around playing video games and giggling.
It's all good...I'm sure some governor from a state that mostly sells oranges will make a quick buck.
Blooduscking parasites that smile while they bleed you.
So, that will be another "other" transfer from Treas to SS in the amount of about $125 billion. No, thats not printing. What a joke.
Greatest Christmas present Congress could give the American people would be for all of them to get on a jumbo jet and plunge into the Atlantic Ocean.
Better to plunge into the side of a rocky mountain cliff!!
The mountain is better, for shit has a habit of floating.
That or make a national lottery so people would win a ticket to hit a member of congress with a baseball bat on national TV. Not only the members of congress, but the heads of the different agencies and everyone in the Obama administration... yes that means Hillary, Holder, Geithner, Bernanke.
That would be neat.
Sell tickets for a buck, and we just might be able to retire the debt!
I will buy 1000 tickets.
I will provide the (slightly modified) bats.
Just put a few nails in there and we'll be set.
And some anthrax on the nails, in case plain-vanilla blunt trauma fails to get the job done.
You just gotta love swinging a bat:
http://www.youtube.com/watch?v=eG4pI5ek4Q8&feature=related
Q: What do you call both Houses of the US Congress being tied into a sack with a rock and thrown over a cliff into the sea to drown?
A: A good start.
But that would a waste of a perfectly good plane, rope, sack or rock.
They would only wash up later with soccer balls in hand.
Yes . throw Boner out..........
Take him out riding a rail covered in tar and feathers.
When is our next downgrade?
When you notice Bread, Milk, and Eggs have gone up in price once again.
he always caves....next he will start crying............
yeah I don't get it with these guys. Talk about no spine, balls, moxy--whatever you call it, they aint got.
What's not to get? They do one thing and say another. If you want clarity, then stop listening to them.
They ALWAYS cave.
Insert Einstein's definition of insanity here.
Yea! In 2 months we play this game all over again. Winning the future by putting everything off on a bimonthly basis.
lol...no doubt.
Playing chicken with Granny's check in a young workers beat up jalopy of a car.
This can only end well ;-)
Yeah but bi-monthly is bi-winning!
pods
Where are the jobs you "job creators" you? lol
Can we dispense with "extension of payroll tax relief". We all know like the Bush tax cuts, these ain't temporary.
We know the USA really isn't working for the bottom 60% but one wonders if it is really as easy as buying them off for $10 a week? Perhaps it really is.......
Just look at math test scores in "public" schools, and the anwer becomes obvious.
Exactly. That's why we need to privatize schools so that kidz can buy their scores like the rest of us.
When you are this far in debt and your productive capacity has gone off shore, all you can do is drive faster toward the wall and pray you don't splat.
0% rates - no way to ever increase them or the interest is unbearable
more fiscal stimulus, lower taxes - no way to ever stop ratcheting it up or gdp goes negative
larger gov - no way to shrink it or the fake jobs die
system leverage at ridiculous levels - must increase all the time or the money dies
Democans or Republicrats - not one bit of difference between them. They're all crap.
Thank god you are here to state the obvious!
Yet judging by what's on TV, 99% don't get it.
This little round of "who blinks first" is meaningless. Lest ye forget, the Bush tax cuts expire one year, one week and two days from now................Even if Obama loses the election, he will be pres on Dec 31st, 2012............Think about that..........
about time those idiots did something.... vote them all out.
Honestly, we'd all be better off if they did nothing but blow each other all day.
Are you Barney Frank?
I think, based on the post you replied to, your question should have been "Would you like to frank Barney?"
One of the two heads of the same serpent. Makes pretty good sense to me. It's the same when the "Republicans" had the "Democrats" by the balls (and I mean by the balls!!) over the debt ceiling. It was a trumpt card against the Senate and Presidency. They had them as good as any enemy would ever need their foe. Fucking CHECKMATE! And what did they do?
Thank GOD
Pizza night is still on this Friday.
Crisis averted.
The funny thing is that pizza night is the cheapest dinner night of the week in my house.
with a name like Henry IV he doesn't act like henry iV. But he is not a king, he is not even a duke. He is a front man with no back up, now.
buy PM's with it, it just makes the disaster come sooner
ha, ha, so fucking predictable
It's like Kabuki theatre for the Special Olympics crowd; more retardation that you can possibly cope with.
Republican party continues to self-destruct!
What's that? If you can point out one difference between the two, I'll send you Newt Romney's $10k.
They have different names.
One side hate the illegals and gays, the other side loves them, oh wait, both sides loves the illegals and gays as it gives them talking points.
One side loves war, the other side loves war a little less.
There's really no difference.
The only ones who are different : Ron Paul, Bernie Sanders, Kucinich, Rand Paul and that's about it. 4 out of 536... Less than 1%. They should start a ``We are the 1%`` in congress, that would be funny.
OK: Republic = fascist party Democratic = fascist wannabe
Finally, ALL of economics explained by John Boehner! Rather than the dismal science, economics is the simple "science." Determining all of economics are the “small business job creators.” No, it is not demand which creates jobs, because that would require employees adequately compensated to create enough demand to motivate “small business” to create jobs. Neither is it the “big business non-job creators,” because, umm, well I don’t know, John apparently keeps this part of economics secret. No, it is “small business” which, poof, creates jobs just for the hell of it! But, don’t tax them because they won’t create jobs, apparently just to spite whomever is taxing them, since, after all, they create jobs out of thin air just for the hell of it.
Spending is the disease. (Hyper)Deflation is the cure
OK Move along folks nothing to see here.
Boehner should learn to pick his battles.
Oh what a miracle. They came together. How sweet. In the Spirit of Christmas to help the little people.
Tiny Tim, you see life is good.
Like we didn't all already know the script.
Someone please create a very large fast forward button.
Would you settle for an <ESC> key instead?
Anyone watch Boner earlier today? What was that lip thing he was doing? Can't stand to listen to him let alone watch him. He really needs to goooooooooo.
What would it be like to have real Men and Women in Congress and a President that cares about the people more than getting re-elected. Now that would be a Christmas and Holiday present to us.
As it is, more coal please.
I'm having a hard time picturing the mafia reforming itself along those lines, so I'm unable to even conjure a guess.
and How did Ron Paul vote? In addition to Boehner, Cantor, and McConnell, he's another Republican fraud. If it means less lobbyist money for Republicans, let them take their crap to Rush Limbaugh.
Anyone know if the XL pipeline was included in the bill? While the tax extension is a total joke, the inclusion of the pipeline might actually be worth the effort.
Anyone know if the XL pipeline was included in the bill? While the tax extension is a total joke, the inclusion of the pipeline might actually be worth the effort.
No it will not be until we are ready for real deflation (wink wink)
I really hate it when nobody will stand up for anything ... oh on second thought i really don't
I can't wait for them to pass it so we can see what's in it.
We have arranged to raise oil prices to make up for giving the peons a break. I personally get $420,000.00.
for my reelection campaign. at the golf club, in zimbabwe, it's a private club. No you can't have the name.
Republicans have become Obama's best reelection strategy. Clowns running for President. Reps without a brain. This upcoming election was a slam dunk for them and they are losing it all by themselves. Obama must be laughing all day and night.
Sir,the game of musical chair is fixed.We ,the schepple get all worked up about outcome.This time,I'll vote for RP.
It only costs $40 an ounce to put these klowns back in the ground.....
damn...another behind closed doors "Super Committee" to do what...results will be the same as the last...nothing but a waste of taxpayer money. All that crying this morning by Bonehead, Prez Owe appears indignant with his Dog and Pony Show of poor upset taxpayers and Bonehead caves. Pathetic. Worse yet no Keystone pipeline......
Ya gotta admit, it was a great strawman. Very clever, in a sinister way.
Set up (a year ago) after a humiliating loss, as a "payroll tax cut". Most people think of "payroll taxes" as going to fund government operations. Salaries, pensions, bank regulators...lol...army bullets & guns and what not. Operational expenses which can never be recovered for services rendered.
FICA is not that.
I always thought its supposed to be part of a social safety net that "certain" members in our society loved to tout as being humane and civilized. Why do they now desire to underfund it?
So I ask again, as general questions...
Why a FICA "revenue" cut? Why not cut income taxes if they really wanted to give Joe SixPack a break?
If you cut income taxes, Joe Sixpack gets a little more in every paycheck, but the year-end "refund" check is smaller. (Not really a refund, just the return of principal on an interest-free loan to Uncle Sam).
Plus, the "wealthy" benefit the most from income tax cuts, since they make more money. FICA is capped, therefore, the rich don't stand to benefit as much. Of course, it underfunds social security and medicare, but since nobody seems to be paying attention to what FICA supposedly funds, the Administration can spin this as much as they want.
But your question was rhetorical, was it not? Friday night pizza parties for everyone!
"If you cut income taxes, Joe Sixpack gets a little more in every paycheck, but the year-end "refund" check is smaller. (Not really a refund, just the return of principal on an interest-free loan to Uncle Sam)."
Agreed.
"Plus, the "wealthy" benefit the most from income tax cuts, since they make more money."
Lets take this one head on. What do you mean by benefit the most?
The top 50% of all income earners pay most of all federal income taxes taken in. So who is benefiting the most, exactly? Forty seven percent of citizens pay nothing in federal taxes with all the tax credits & loop holes thrown in to bribe constituents.
Again, everyone knows, the wealthy make the bulk of their money (earnings) from capital gains & dividends. Not wages, like Joe SixPack, who just happens to be the burning strawman being thrown around the courtyard here.
That detestable maggot Buffet is telling a truth...just not all of it. Another way they "earn" money is by issuing each other common stock options. That comes out of thin air as well, diluting ole Joe SixPacks 401k stock holdings, but we'll keep that to ourselves...lol.
"FICA is capped, therefore, the rich don't stand to benefit as much. Of course, it underfunds social security and medicare, but since nobody seems to be paying attention to what FICA supposedly funds, the Administration can spin this as much as they want."
Agreed again.
"But your question was rhetorical, was it not?"
The questions were partly rhetorical.
The tax code has become a mish mash of unworkable pet projects for whoever is the flavor of the moment. Today, its Joe SixPack because its an election year coming up. Yesterday it was Solyndra, LightSquared, 200k defined as rich, jobs saved or created, O'BamaCare & skittle shitting unicorns. Only criminals operate this way.
The longer range plan for a statist socialist like O'Bama is the same as it has always been. Steal as much as he can for himself & his cronies before he's run out of town. And before anyone barfs up "he's not a socialist" look at Europe...its full of kleptocratic soialists.
Its not fairness or law, its theft.
Why a FICA "revenue" cut? Why not cut income taxes if they really wanted to give Joe SixPack a break?
Because 50% of Americans don't pay income tax now. And most of those get earned income tax credits. Once you reach that point dropping the income tax further does those Joe Six Packs no good. However, a FICA cut raises their take home pay right off the bat.
Actually I think it's a wonderful idea. It will just bankrupt Social Security that much faster....probably by the end of the decade. When that happens there will be a "Logan's Run" type scenario where the young will go after the old when they scream for higher taxes to fund "their promised benefits" and the young tell them to fuck off.
The Revolution is coming.....but how it plays out nobody knows. Who knew that the Arab Spring would have started with a fruit vendor burning himself to death?
I wonder if the American Spring will start with some Baby Boomer Flambeau?
For those too young to remember Logan's Run........
http://www.youtube.com/watch?v=LSUAAKFLoL0&feature=related
"Because 50% of Americans don't pay income tax now."
Exactly right.
"Actually I think it's a wonderful idea. It will just bankrupt Social Security that much faster....probably by the end of the decade. When that happens there will be a "Logan's Run" type scenario where the young will go after the old when they scream for higher taxes to fund "their promised benefits" and the young tell them to fuck off."
Progressivity of theft does have its limits ;-)
So ... it's ok if I still text you once n' a while?
Blah, blah, blah.. I thank our Members – particularly those who have remained here in the Capitol (for the Toga Party orgy) with the holidays approaching (to stay away from their insufferable families) blub, blub, blub, blub
Senator Reid and I have reached an agreement (the passage of brown envelopes under the table) that will ensure taxes do not increase for working families (not directly but in a dozen stealth taxes) on January while ensuring that a complex new reporting burden (Marxist-Fascist State monitoring) is not unintentionally imposed on small business job creators (not unintentionally, we'll do it intentionally)
I wanta get me one of them payroll tax cut jobs.
Johnny Cash sings
you gotta know when to hold'em,
you gotta know when to fold'em...
http://www.youtube.com/watch?v=7ajHezlJq-A&feature=fvwrel
My favorite Johnny Cash song - Fulsom Prison Blues http://www.youtube.com/watch?v=kMyzoHBtaME&feature=related http://www.youtube.com/watch?v=v7gV5C5mB7A&feature=relatedI never could have imagined Johnny Cash butchering anything.........until now.
I though that Kenny "I woke up with my mind in a brown paper bag to see what condition my condition was in" guy wrote that one - don't know his last name but a guy named Kenny sumpin or other sings it on one of my paw's "classic" CD's?
It gets better. To pay for a 2 month, 40 Billion cost extension of the payroll tax cut, they've added a 10 year tax onto mortgage payments.
Mind you the social security trust fund is the only cash cow the kiddie fondlers can depend on.
The social security trust fund ran a 190 Billion surplus in 2011. Congress draws the surplus and replaces it with soon to default low return US Treasuries.
Regularly and with a consistency so systematical as to be considered conspiratorial, Congress withdrew money from Social Security leaving in their wake bad government IOU's. In short Social Security for the many contributors was robbed by the Congress to spend in favor of and for votes of the special interests. There is little left other than the bald, naked, promissory notes of a government bereft of morals and dignity and most importantly one without cash.
Social security has always been solvent and has always paid for itself. Social Security is not a government benefit, it is a member funded trust fund - always has been,
Boehner. Spelled "boner" but pronounced "baynor". Yeah, right.
What a wanker!
That's Woenker.
Don't these idiot's know 5th level game theory recirculates back to make you an idiot? All just tryin' to out politic the other. Do your jobs and STFU.
Well Oblama didnt plan his 17 day Hawaiian vacation for nothing. Boener was the last imbicile left in town.
In about 20 years or so, all these will pass.
Acted like a prostitute.
AMERICANS TO FEMA CAMPS........AND WE ARE FOCUSING ON A PAYROLL TAX WHEN WE HAVE 47,000,000.00 ON FOOD STAMPS,,,,WHAT PAYROLL?????????WE ARE ALL WORKING,,,, MAKING 90,000.00 A YEAR HAPPY DAYS..........When will we wake the fuck up????????
ROTFLMFAO !!!!!!!!!!!!!!!!!
I was driving in my small town with the windows down this evening when the news hit that Boehner bent over for some Obama back door action. I hooted with laughter so loud that someone in the car next to me that was stopped at the light asked me what was so funny. So I told him. He yelled back...."What a fucking bum" !!!!
I knew this pussy was going to cave as soon as the Banker's Mouthpiece (otherwise known as the Wall Street Journal) let it be known what the bankers wanted. And their Republican Whores lifted their skirts and said..."We're ready boys....cum and get it !!!"
And remember it started with Mitch McConnell first.
Obama sure does love that white ass...it bends over SOOOOO easily.
ROTFLMFAO !!!!!!!
Jumbo, I got some Santorum on Freddie's sheets. Sorry.
That's ok.....this should take it out......
http://www.google.com/products/catalog?q=mean+green&oe=utf-8&rls=org.moz...
If the Bush tax cuts were extended, this payroll holiday tax should be extended too. It's funny to see a bunch of people favor tax cuts for people who don't need it and argue against people treading to keep their head above water getting a tax cut. Social Security is a Ponzi Scheme, it's about time they made my generation fund it a little less. We're not going to get the same benefits.
Like I said the Tea Party favors the rich. They are an interest group that favors the wealthy and corporations. Grover Norquist argues to keep the farm subsidies, while arguing against tax cuts for the middle class. Farm subsidies..free market economics for all.
get your facts straight....bobbydickweed....the repubs (which i find most of them repugnant....to i find all Dems repugnant) were fighting this tax cut because of how it was going to be "paid for" in the budget. repugnant repubs want to cut actual spending....repugnant dems just want to tack on more fees (aka taxes) on the other side of the equation (in this case mortgages).
but you are a smart guy and already knew about this....this is why you brought it up, right?!
The payroll tax cut orginated from the Porkulus package. The payroll tax cut was an agreement between the Republicans and the Democrats to continue a tax cut through the payroll so bums who weren't working couldn't benefit.
The Bush tax cuts were extended to keep the people on unemployment on for 99 ridiculous weeks. They sure cut the budget, when they extended the Bush tax cuts and gave people 99 weeks on unemployment. I don't know if it will ever get through your thick head that the Republicans want to cut the kind of spending the Democrats want, while spending like drunken sailors on their own pork. It's a good thing you want my Generation to fund a Ponzi Scheme while we both know (or may know) my generation will get no where near the benefits being offered to the Boomers (half of them didn't save for retirement). Defunding the Ponzi Scheme and lowering the benefits now so it is not a surprise later would be the more responsible thing to do.
Why am I not surprised that #1 you never mentioned the fact that I said Norquist sings the praises of Free Market economics while saying the Agricultural subsidies should be continued and #2 the guy who responds to me with "bobbydickweed" has a "Pro" Wrestler for a screen name. I look forward to your and a Nascar fans' response.
keep those taxes down
anyone posting here that dems or repubs are better is a troll or just too dumb to post..it's a 2 headed animal running DC..there is no need to compare one to the other they are the same..get it?
OMG, Boehner HAS to go!!