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View Diary: Obama, Boehner meet on fiscal mess (222 comments)

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  •  Not even a couple of weeks. Any policies (8+ / 0-)

    can be made retroactive so its all suffering just on paper rather than in reality. If that is the correct understanding of the istuation - and I believe it is, I just want to underscore how much we are being lied to here.

    •  Oh, I definitely agree. But the withholding will (0+ / 0-)

      take place out of people's pay checks.  That money likely won't come back until people file their taxes the following year.

      Of course, that means the IRS would have to be ready with new rate tables and schedules for payroll managers.  I haven't heard anything about that rolling out...  yet.

      "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

      by YucatanMan on Mon Dec 10, 2012 at 09:14:54 AM PST

      [ Parent ]

      •  I think if you told people (7+ / 0-)

        2 weeks  delayed until your tax returns versus cutting your Medicare and Social Security, they would be able to handle the two weeks.

        Its just a sham argument. I appreciate what ou are saying, but I just don't buy its the reason.

        •  I'm agreeing with you. I'm just saying, (3+ / 0-)
          Recommended by:
          Mr Robert, divineorder, bruh1

          if the IRS is ready, which is a big "if," withholding at the higher rates would take place.  It is only a few percentage points, because Bush saved his biggest tax cuts for the richest people.

          I agree with going over the molehill.  There are people making an argument that the increased withholding will send us into inflation.  It won't be that much withholding and the Congress can fix it ASAP with fewer Republicans to oppose the middle class tax cuts (while leaving the over $250k hike in effect).

          My argument is that even if there are some higher amounts withheld for a couple of weeks, it won't destroy the world.  In fact, it will heat up the pressure for Republicans to be the ones "compromising" instead of us.  So be it.

          "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

          by YucatanMan on Mon Dec 10, 2012 at 10:01:26 AM PST

          [ Parent ]

          •  "inflation" ? I meant "Recession" (1+ / 0-)
            Recommended by:
            bruh1

            Shouldn't try to comment and do conference calls at work at the same time.

            ;-)

            "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

            by YucatanMan on Mon Dec 10, 2012 at 02:05:01 PM PST

            [ Parent ]

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