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December 10th, 2010
08:40 AM ET
Rep. Bachmann: Tax deal increases deficit, spending too much
Rep. Michele Bachmann, R-Minn. and founder of the Tea Party Caucus in the House of Representatives, joins American Morning's John Roberts and Kiran Chetry to explain her opposition to the Tax Deal Compromise.
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This is NOT a good deal for D's, R's, or the American People. It's NOT a tax decrease, it's preventing a tax increase. The Bush tax cuts are responsible for 47% of Americans not paying any taxes last year. If these tax cuts are NOT extended, the poor, the lowest level tax bracket will increase by 50% (from 10% to 15%) whereas, the highest tax bracket (you know, for the so called rich) is only 10% (from 36% to 39.6%). So the poor are the ones getting screwed if these tax cuts are not extended.
Tacking on another 13 MONTHS of unemployment is just adding another nail to the US coffin. We can't afford the unemployment benefits that were already promised. And before you tell me that I have no heart, I am on unemployment and I only have 1 week left if there is no extension. It's no about me personally, its about the US. We are broke. We can't afford it.
As for the 2% decrease in Social Security? WTH? SS is already scheduled to go broke in 2017. In 2010, it was the first year we paid out more than what we took in. With the economy sucking this bad, there are less people putting into the system now. Lowering this tax is insane. It will end the the SS plan faster than 2017. It will create another 'problem' that will require MORE government involvement, more regulations, more unintended consequences, more insanity.
If I had to vote on this bill, I would vote NO. I don't think this bill should pass. I think the tax cut needs to be extended, but everything else attached to this bill is NOT worth the extension.
The so called Bush tax breaks have been the taxes for the last ten years! So you tell me where is the break? The only thing that would happen is the Dem's would want more programs to help support the poor. This is all about class warfair. Stop the spending pay for what you do and let the poor fight for what they want. The poor people of america don't like the fact that there poor. They will work harder to change thet.re lives if it means some thing to them. It;s not a hand ou
Last 8 years with the Bush tax breaks and I have noticed number of middle class have slid into poverty and the millionaire are now billionaire so Michal Bachman is working on improving the billionaire to zillionaire and add more middle class into poverty.
Don't forget who is going to pay for the war that Bush started
Wow, the president's own party threw the prez under the bus, hanging out to dry.
I disagree with the majority of this President's policies, BUT, I commend him for wanting to do right for the American people.
Let's think about this. IF tax cuts expire, ALL Ameriicans will be paying more in taxes come Jan 1, meaning less money in their paychecks; therefore, we will have less money to pump in to the economy.