Anonymous
Anonymous asked in Politics & GovernmentPolitics · 8 years ago

why is the gop against extending the tax cuts for all income under $250,000?

Update:

Speaker John Boehner (R-Ohio) and other top Republicans on Wednesday shot down a proposal by a senior GOP lawmaker that the House agree to President Obama’s demand to extend current tax rates for the middle class.

Rep. Tom Cole (R-Okla.), a respected party strategist and former chairman of the National Republican Campaign Committee, became the most prominent House Republican to suggest that the GOP do what has long been unthinkable within the party: lock in the George W. Bush-era tax rates for annual incomes up to $250,000 without simultaneously extending them for top earners.

Update 2:

income under $250,000 is not made by americans?

Update 3:

the job creators have had those tax cuts for a long time now

Update 4:

messing with the debt ceiling is a fiscal grand canyon

6 Answers

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  • Anonymous
    8 years ago
    Favorite Answer

    Because they serve the ultra-rich. Period.

    Two years ago, they held unemployment checks hostage in order to get Obama to extend those cuts for the rich.

    What’s most amazing is this:

    The tax cut REMAINS for EVERYONE ON THE FIRST $250,000. The tax cut would expire ONLY on income OVER $250,000. Meaning, a person making $260,000 would pay around $500 more per year. Lordy! These righties are insane!!

    The rich are paying 60 year lows, Romney pays a lower tax rate than I do, and 10% of corporations get out of paying all federal tax, including companies like Exxon, for God’s sake!

    It’s time the rich pay their fair share.

  • Anonymous
    8 years ago

    It's true.

    The GOP is going to allow this in exchange for leverage in debt talks.

  • Anonymous
    8 years ago

    There is no measure by which (R)'s are good for the economy.

    In this case, they want more debt (to pay for handouts that only help the richest) - despite their entire supposed point being to reduce the deficit.

  • 8 years ago

    Simple.

    Because Obama wants to penalize those making more than $250,000. The job providers. Is that fair?

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  • 8 years ago

    They aren't.

    Quit lying.

    The GOP is in favor of maintaining the current tax rates on every American.

  • Anonymous
    8 years ago

    I am opposed to tax increases because they are contractionary for the economy.

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