Bush-Obama taxcuts-- extension to 2013? Really?

[eilen]

“Nobody’s looking to raise taxes right now,” Obama said. They would start in 2013, in the bigger package, and the President alluded to letting the top-level Bush tax cuts expire that time, as well as allowing certain tax loopholes to expire.

[brooklynite]

1. ...which is when they're scheduled to expire.

They were scheduled to expire on Jan 1, 2011 (this year). They were extended for two years. Now they'll expire in...2013.

[eilen]

5. I had thought it would be 2012 when they expire, the

speech made it sound like tax year 2013-2014.

This presser was not impressive imho. Concession speech? He himself has said he has worked very hard to work with Republicans. How about some of that elbow grease with those who actually voted for him? Some bending backwards to Progressives would be very nice for once. This pea-eating connotation is insulting.

[brooklynite]

6. 2012 is when the DEBATE about the tax cut expiration will occur...

...right in the middle of the Election.

[Erose999]

2. 2013 and beyond, I'm sure. What is given to the power elite... cannot be taken away without force.

[Why Syzygy]

3. For Boehner, Lofty Budget Goals Checked by Reality

http://www.nytimes.com/2011/07/11/us/politics/11boehner.html?_r=3&ref=politics

WASHINGTON — At a private meeting about deficit reduction at the White House last week, Speaker John A. Boehner told his fellow Congressional leaders and President Obama that he did not spend 20 years working his way up to the top job on Capitol Hill just for the cachet of the title — he wanted to accomplish something big.

So he and the president pursued an ambitious plan that would have reduced spending by as much as $4 trillion over 10 years. It was a transformative proposal, with the potential to improve the ugly deficit picture by shrinking the size of government, overhauling the tax code and instituting consensus changes to shore up Medicare and even Social Security. It was a once-in-a-decade opening. ...

[vi5]

4. To be fair that's when it already is....

The extension they passed at the end of 2010, now goes to the end of 2012. So in 2013 the supposed higher taxes kick in.

That's not going to happen, as we all know. There will be more excuses to extend them and he will buy into it and sign them. But what he's saying (in this instance) isn't on it's face anything shocking, duplicitous or whatever.

[Johonny]

7. Who's this nobody?

polls show the majority of Americans looking to raise taxes on the rich and corporations.

[JoePhilly]

8. Now ask them if its ok if their own taxes go up when they all expire.

I think the results will surprise you.

[Johonny]

9. not really I looked up the polls

but in 2010 Republicans ran on Obama raised taxes even though he didn't. Might as well have raised taxes cut the debt if they are going to run on it anyways.

[JoePhilly]

10. Go look again.

And you have to dig deeper into the surveys.

The middle class is fine with increasing taxes on the rich, so long as their own taxes don;t go up ... and that is why the GOP held the middle class hostage.

btw ... in 2010, the GOP ran on "jobs", not tax increases.