Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Please tell us again just why Congress does not want to raise taxes on the wealthy?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
Tippy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 09:53 AM
Original message
Please tell us again just why Congress does not want to raise taxes on the wealthy?
Edited on Tue Sep-20-11 10:01 AM by Tippy
Freshmen in 112th Congress Exceedingly Wealthy Despite Struggling National Economy

WASHINGTON -- No matter that they’re the newest kids in Congress.

Like their veteran counterparts, U.S. House and U.S. Senate freshmen are together a notably wealthy bunch, enjoying exponentially greater wealth than most of the Americans they represent, according to a Center for Responsive Politics analysis of federal personal financial disclosure reports.

Sixty percent of Senate freshman and more than 40 percent of House freshmen are millionaires, the Center’s study finds. Roughly 1 percent of Americans at large claim the same lofty financial status.

http://www.opensecrets.org/news/2011/03/as-a-class-congressional-freshmen-e.html

Center for Responive Politics Put this together, find the spread sheets here:
http://www.opensecrets.org/news/personalfinances_3_2011.xls

Scroll down to get the numbers for the Senate:
Printer Friendly | Permalink |  | Top
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:16 AM
Response to Original message
1. Congress is full of fat cats.
Printer Friendly | Permalink |  | Top
 
Hotler Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:20 AM
Response to Original message
2. Stop picking on the rich.
Don't you know they are special.
Printer Friendly | Permalink |  | Top
 
Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:21 AM
Response to Original message
3. A large number of Congressmen have signed pledges not to raise any taxes
Printer Friendly | Permalink |  | Top
 
sofa king Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:38 AM
Response to Reply #3
5. Heh. Wait until next summer.
The Democrats in the Senate are going to split the tax cut extensions so that there will be two votes, one for the middle class, and one for the rich. In order to gain bargaining leverage for their masters, Republican Senators will almost certainly hold the middle class tax cuts hostage.

And by so doing, they will be threatening to raise taxes on the middle class, an issue opposed by 70% of voters, in an economic disaster of their own making, in an election year.

By this time next year, your television will be screaming about every Republican Senator up for reelection: "supported raising taxes for the middle class." I'm thinking we can pick up as many as five Senate seats just out of that nifty trick, planned out by President Obama before the latest crop of freshmen took office.

But no matter what, the taxes are going to be raised on the rich. That's because President Obama can veto any extension for them (or for everyone), and he made sure to even set the expiration date so that he can pocket-veto any last-minute deal the next Congress strikes. There is no chance the veto can be overridden. So it's already over, except for the twisting of the headless snake.
Printer Friendly | Permalink |  | Top
 
Evasporque Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:28 AM
Response to Original message
4. It will kill jobs in the Mega-Yacht builder industry....just plain yachts might take over..
Edited on Tue Sep-20-11 10:28 AM by Evasporque


Printer Friendly | Permalink |  | Top
 
FredStembottom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:43 AM
Response to Reply #4
6. My god!
Sales of Maybachs could be affected!
Printer Friendly | Permalink |  | Top
 
dtexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 10:56 AM
Response to Original message
7. Because they're either wealthy themselves or lapdogs of the wealthy.
Many Dems as well as Repukes.
Printer Friendly | Permalink |  | Top
 
pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:03 AM
Response to Original message
8. because grover made them sign
his pledge. so they can drown the federal government. WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!1111!!!!!!
Printer Friendly | Permalink |  | Top
 
EmeraldCityGrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-20-11 11:03 AM
Response to Original message
9. This is an issue where the two parties have become
homogenized. Instead they use abortion, poverty, Civil rights for the LGBT community and so forth
as issues to distinguish one party from the other. Until there are term limits, until the parties become
more fractured they will never get off the gravy train.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 19th 2024, 09:50 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC