Site Meter

Archive for the “Fiscal Cliff” Category

share save 120 16 Fiscal Cliff Poll: Obama Seen as Victor But What About the Legislation?

Pew Fiscal Cliff Poll Fiscal Cliff Poll: Obama Seen as Victor But What About the Legislation?

Maybe President Obama looks better than GOP Speaker John Boehner and the feckless Republicans/Democrats in Congress. But, what about the law itself?

Barack Obama is viewed as the clear political winner in the fiscal cliff negotiations, but the legislation itself gets only a lukewarm reception from the public: As many disapprove as approve of the new tax legislation, and more say it will have a negative than positive impact on the federal budget deficit, the national economy and people like themselves.

The latest national survey by the Pew Research Center for the People & the Press, conducted Jan. 3-6 among 1,003 adults, finds that 57% say that Obama got more of what he wanted from the tax legislation while just 20% say Republican leaders got more of what they wanted. And while 48% approve of the way Obama handled the fiscal cliff negotiations only 19% approve of the way GOP leaders handled the negotiations.

Republicans take a particularly sour view of the outcome: just 16% approve of the final legislation, and by a 74% to 11% margin they think Obama got more of what he wanted. Only 40% of Republicans approve of how their party’s leaders handled the negotiations; by comparison, fully 81% of Democrats approve of how Obama handled the negotiations.

Relatively few Americans expect that the tax legislation that resulted from those talks will help people like themselves, the budget deficit, or the national economy. Just three-in-ten Americans say the tax measure will mostly help people like them; 52% say it will mostly hurt. And even when it comes to the budget deficit, 44% say the deal will mostly hurt, while 33% say it will mostly help.

President Obama does not have to run for President again and the repercussions of the Fiscal Cliff legislation as of yet realized will have no effect on him. But, should the economy fail to rally his Democratic Party will pay the price at the 2014 elections.

Stay tuned as the details of fiscal cliff, sequestration and the debt limit play through the American economy. My bet is that Obama will NOT be viewed as a political winner, when all is said and done.

share save 120 16 Fiscal Cliff Poll: Obama Seen as Victor But What About the Legislation?
Tags: ,

Comments 1 Comment »

share save 120 16 Fiscal Cliff Poll: 43% Approve Vs. 45% Disapprove

Fiscal Cliff Poll Fiscal Cliff Poll: 43% Approve Vs. 45% Disapprove

 

According to the latest Gallup Poll:

Americans have a decidedly mixed reaction to the “fiscal cliff” agreement reached by Congress and signed into law by President Barack Obama this week, with 43% saying they approve and 45% saying they disapprove. Two-thirds of Democrats approve of the agreement, while almost as many Republicans disapprove. Independents are slightly more likely to disapprove than approve.

These results are based on a one-day poll of 1,026 national adults conducted Thursday, Jan. 3, two days after the agreement was reached. The strong rank-and-file Republican opposition to the agreement appears to be in line with the opposition among Republican House members. The agreement was initially approved by a strong bipartisan vote of 89 to 8 in the Democratically controlled Senate, but passed by a much slimmer 257-167 margin in the Republican-controlled House, with 151 Republicans voting against it.

Attitudes toward the agreement are split along ideological lines, in a fashion parallel to the partisan differences. Liberals are highly likely to support the agreement, while conservatives oppose it. Moderates tilt toward approval of the agreement.

Just wait until Americans receive their first paychecks for 2013 and discover their payroll taxes have increased 2 per cent.

The Fiscal Cliff compromise was a bum deal and while President Obama succeeded in winning more taxes for the rich and others, nobody really won here. Plus, the national debt continues to rise.

share save 120 16 Fiscal Cliff Poll: 43% Approve Vs. 45% Disapprove
Tags: ,

Comments Comments Off

share save 120 16 The Fiscal Cliff   Something for Nothing?

Boehner and Obama The Fiscal Cliff   Something for Nothing?House GOP Speaker Boehner and President Obama earlier this month meeting on the Fiscal Cliff

What is the best deal Harry Reid and Mitch McConnell can achieve over the next 24 hours to avoid the Fiscal Cliff?

Byron York says whatever the deal, it will end badly for the GOP.

Under the most likely scenario, Republicans will get nothing — nothing — in return for giving in on tax rates for the highest-income Americans.  No spending cuts, at least no serious spending cuts beyond what are already included in sequestration, would be part of the deal done on Sunday or Monday, if that is indeed what happens. . . .

[T]he bottom line is that the fiscal cliff fight will not end happily for Republicans.  They will have given in on what was an article of faith — that taxes should not be raised on anybody, poor or rich — in return for essentially nothing.

But, what York does not clearly explain and Ramesh Ponnuru does over at National Review does is one LARGE failure of the Republicans.

They LOST the election in 2012 and are essentially boxed into a NO WIN scenario.

The reason we’re not going to get spending cuts beyond those already scheduled in return for tax increases smaller than those already scheduled is that current law doesn’t force larger spending cuts and does force larger tax increases.

What would Republicans get out of a deal? A reduction in scheduled tax increases; the avoidance of a fight with Obama that would be structured in a way that lets him get to Republicans’ right on middle-class taxes and posture as the biggest tax-cutter since Reagan; and that’s about it.

Republicans had two ways of avoiding this scenario. They could have passed smaller tax cuts in 2001 and 2003 but not given them expiration dates. Or they could have done better in the last few elections. At this point it’s hard to see what strategy would undo the effects on the budget from that mistake and that failure.

The House GOP can go along with whatever McConnell-Reid’s deal is or go over the Fiscal Cliff. Remember everyone will have higher tax rates if we go over the Cliff, including the AMT.

At this point, extending the Bush tax rates for everyone, except for those over $400K is probably the only choice.

When Bill Kristol announced a similar strategy a few weeks ago, everyone on the RIGHT cried sell out.

Now, it appears to be the only game in town.

So, the House GOP should accept the deal or be willing to go over the Cliff and endure the wrath of outraged American taxpayers when their first 2013 paycheck is much smaller.

share save 120 16 The Fiscal Cliff   Something for Nothing?
Tags:

Comments 1 Comment »

share save 120 16 Crossroads GPS Targets Democratic Senators Over The Fiscal Cliff

0 Crossroads GPS Targets Democratic Senators Over The Fiscal Cliff

Alaska Radio Ad targeting Denocratic Senator Mark Begich

The 2014 election for the United States Senate and GOP control has already started.

Crossroads GPS, a GOP Super PAC is up with radio ads targeting Democratic Senators who reside in Red States.

 Crossroads GPS will launch new radio ads in five states today urging Sens. Mark Begich (Alaska), Mary Landrieu (Louisiana), Kay Hagan (North Carolina), Tim Johnson (South Dakota), and Jay Rockefeller (West Virginia) to support significant spending cuts as part of the fiscal cliff negotiations.  The spots, supported by a $240,000 total buy, begin airing today on local radio stations.

Since the President continues to campaign, promote upper income tax increases and since he has lent his campaign e-mail list to the Fiscal Cliff campaign, I guess the GOP effort is in response.

Why not?

A balanced plan includes more than just the massive tax increases President Obama is insisting Congress pass, and these U.S. Senators should lead by pushing for significant spending cuts,” Crossroads GPS president and CEO Steven Law said in a statement. “It is up to these U.S. Senators to push President Obama and Harry Reid to show real leadership by negotiating a balanced plan which stops Washington spending and helps our economy.

share save 120 16 Crossroads GPS Targets Democratic Senators Over The Fiscal Cliff
Tags: ,

Comments Comments Off

share save 120 16 The House Fiscal Cliff Strategy: Shut Up and Pass a Bill

Boehner and Obama The House Fiscal Cliff Strategy: Shut Up and Pass a Bill

epublican House Speaker John Boehner and President Obama at the White House on November 16, 2012

Earth speaking to Republican House Speaker John Boehner on the “Fiscal Cliff” – shut up and pass a bill. You are not winning the discourse with the President.

I told you before what to do and it is very simple.

Pass an extension of the Social Security payroll tax cut and block its automatic rise from 4.2 percent of wages to 6.2 percent. To raise that tax now and scoop off the discretionary income of most of America’s families in this anemic economy makes no sense economically or politically.

The House should then vote to extend the Bush tax cuts for another year, with a pledge to do tax reform — lowering tax rates in return for culling, cutting or capping deductions for the well-to-do in the new year.

Then let Harry Reid work his will. If the Senate votes to let Social Security taxes rise, let Harry and his party explain this to the middle class that gets hammered in January. If the Senate votes to let the Bush tax cuts lapse for those over $200,000, decide in the caucus whether to negotiate — or to go home for Christmas and New Year’s.

As for the automatic sequester that would impose $100 billion in cuts next year, half in defense, do nothing. Let it take effect. The budget has to be cut, and while these cuts are heavy on defense, the depth and mixture can be adjusted in the new year.

Another week has gone by and nothing really has happened, except Obama has been beating up on the Republican brand. Boehner, you are not going to be doing any better than the above.

So, just do it and get it over.

share save 120 16 The House Fiscal Cliff Strategy: Shut Up and Pass a Bill
Tags: ,

Comments Comments Off

©Gregory Flap Cole All Rights Reserved