Fiscal Cliff Standoff: Obama v. House
As America draws closer to toppling over the Fiscal Cliff, it seems the line has been drawn in the sand with President Barack Obama standing on one side demanding tax increases and the House of Representatives on the other offering alternatives. The question everyone is asking and waiting to find out is which side will cross the line to prevent us from plummeting over the edge, or will both sides stand firm and let the nation cascade down into a full blown recession?
Obama is once again sounding the call to increase taxes on those making $250,000 a year or more. He insists that they need to pay more for their success. Obama claims that his re-election was a mandate from the American people to raise taxes on themselves. Hello? Who in their right mind would believe that when we see so much wasted spending by the federal government?
He does not believe the many reports that all indicate such a move could cost 700,000 jobs. Evidently, Obama is not reading the news of all of the layoffs taking place already because of Obamacare and the looming tax hike on the business owners. One business owner in Las Vegas has scrapped a multimillion dollar construction plan that would have employed 10,000 people because of Obama and his tax hikes.
This is the socialistic garbage that is being taught in many of today’s public schools and drilled into the minds of our children. The rich are the problem and they need to pay for being rich and successful. This is so anti free market and anti what made America great to begin with. Marxism demands that those that have worked hard and become successful MUST share their hard earned gains with all those that have not worked hard and haven’t made their fortune.
Rep. Paul Ryan, who would have made a heck of a better president or vice president than Obama and Biden, also happens to be the Chairman of the House Budget Committee. Ryan disagrees with Obama’s interpretation of the election and said that the people did not vote for higher taxes because they voted to keep the Republicans in control of the House.
Ryan has joined with House Speaker John Boehner in their stand against raising taxes on the wealthy. As an alternative, Ryan and other House members have proposed a plan that would keep the Bush era tax cuts in place for all, but would look at avenues of spending cuts along with tax and entitlement reforms. They believe this method would cover the loss of revenue entailed by keeping the tax cuts for all.
In a recent interview, Ryan stated:
“Speaker Boehner has outlined a bipartisan way forward to avoid the “fiscal cliff” and get our economy growing: common-sense entitlement reform coupled with pro-growth tax reform. We can find common ground on responsible spending restraint and greater revenue through economic growth, but we have yet to see either a serious plan or leadership from President Obama. Speaker Boehner and House Republicans have delivered both.”
Senate Republicans are also joining the House in their effort to prevent any tax increase from taking place. Sen. Mitch McConnell, the Minority Leader in the Senate has stated that they will not support any effort to raise taxes.
Thus, the battle lines have been drawn. Tax increases v. no tax increases. Democrats v. Republicans. Obama v. the House. All the while, the good train America is speeding down the tracks toward the proverbial cliff at an alarming rate. Will they be able to stop it in time or is it already too late?