114 results for search: Cliff


Small silver lining in fiscal cliff deal? Part of Obamacare was repealed

Since the fiscal cliff passed Congress and was signed by President Obama, Tea Party Patriots has pointed out the many flaws in the law. Between the lack of spending cuts, tax increases, and special interest tax benefits, as well as inclusion of unemployment benefits and the farm bill, the deal has been roundly criticized. However, there is one bit of good news in the law: it repeals the Community Living Assistance Services and Supports (CLASS) Act, one of the most egregious aspects of the Affordable Care Act. As explained at The Heritage Foundation’s blog: But the program was so poorly designed—much like the rest of Obamacare—that even the ...

Fiscal cliff legislation taxes the rich – unless they have buddies in Congress

In the fiscal cliff fight, proponents of big government said they wanted to raise taxes on the wealthy for purposes of deficit reduction and “fairness.” As the dust settles, we see it’s anything but fair. First, as Media Research Center’s Dan Joseph noted on Facebook, the deficit reduction aspects of taxing the “rich” are bogus, though there is some sliver of good news to be seen: So, as was expected, the Democrats will get tax hikes, the SOLE purpose of which are to stick it to the "wealthy" while making everyone else FEEL better about having STUCK it to them. One development that I find fascinating, however, was how the Democrats ...

Fiscal cliff debate shows Big Government supporters’ heads in the sand

 In the wreckage of the fiscal cliff debate, the Tea Party has been consistently bashed as unreasonable, crazy, myopically focused on deficit reduction, etc. This week, two publications provided yet more evidence that it is in fact the philosophical opponents of the Tea Party who are ideological and irrational.  First it was a New York Times’ editorial responding to the final fiscal cliff deal, basically standing against any and all budget cuts in the upcoming budget debates: Republicans say they are more determined than ever to extract the maximum amount of budget-cutting pain in the next two months by threatening not to raise the debt ceilin...

Principles and the Fiscal Cliff

Overspending has been the focus of the Tea Party from the beginning of the movement. Along the way we have refined our strategy and tactics, but principles of fiscal responsibility have always governed our positions.  The same cannot be said of some Washington-based activists. As Phil Klein of The Washington Examiner pointed out on New Year’s Day: What has been shocking, however, is that I’m seeing a number of conservative critics blasting the deal for increasing deficits by $4 trillion when about 92 percent of that projected increase comes from tax cuts that they support.…For decades, conservatives have been complaining — for good reason ...

Tea Party Fiscal Cliff Predictions Coming True: Government Threatens to Drag American Families over the Cliff

Today, Tea Party Patriots, the nation’s largest tea party organization, issued a statement on the continuing negotiations over the so-called “fiscal cliff” crisis. “We have predicted that a real solution to our overspending and fiscal irresponsibility wouldn't be sought, that instead both sides would posture and play games, and that tax rates would increase for some, if not all, and it sadly appears our predictions are coming to pass,” said Jenny Beth Martin, National Coordinator of the Tea Party Patriots.  “Government ‘leaders ‘ appear incapable of cutting government spending, even as the American people face economic peril.  We ...

The President and his allies are sending America over the fiscal cliff

Last night, it became clear that America is likely to go over the “fiscal cliff” of modest spending reductions and massive tax hikes. The House of Representatives, which has been negotiating with President Obama for weeks on a way around much of the “cliff,” was unable to pass Speaker Boehner’s “Plan B,” which would have kept taxes as they are for all but the top 2% of taxpayers and pushed for a small amount of spending reductions over the next decade. There are many reasons for the failure of “Plan B.” Most of the media is highlighting aggressive opposition by Tea Party-minded Members of Congress, those few Members who refuse to ...

Mainstream media’s fiscal cliff bias continues

As the fiscal cliff gets ever nearer, the mainstream media is crowing about how Republicans appear willing to raise taxes. Consider what Suzy Khimm wrote at The Washington Post on Monday: The dam has finally broken on higher tax rates: House Speaker John Boehner (R-Ohio) has proposed letting the Bush tax cuts expire for income above $1 million — the first time he has agreed to let tax rates rise since the beginning of this debate. Senate Minority Leader Mitch McConnell has alternately proposed conceding on the $250,000 cutoff for individual income but maintaining the other parts of the Bush tax cuts that benefit the wealthy — the tax cuts on ...

Fiscal Cliff Negotiations are getting worse

On Sunday, The Washington Post reported that negotiations between Speaker Boehner and President Obama are moving forward. Unfortunately, they are moving in the wrong direction. Here are the highlights, with why they are bad in italics:  House Speaker John A. Boehner has offered to push any fight over the federal debt limit off for a year, a major concession that would deprive Republicans of leverage in the budget battle but is breathing new life into stalled talks over the year-end “fiscal cliff.” The debt ceiling is a major negotiating point for Republicans with President Obama. It’s the only reason the Budget Control Act (BCA) is in ...

Negotiating on the fiscal cliff should not include tax increases

Earlier this week, Speaker Boehner sounded like a fiscal conservative when he called out President Obama for his hypocritical statements on the fiscal cliff and spending overhauls. Unfortunately, the Speaker’s negotiating positions do not match his rhetoric.  In Washington, even the rare good politicians are supporting tax increases. Senator Tom Coburn (R-OK), who is possibly the most serious politician in Washington on national debt, has said tax increases are bad for our economy and won’t solve the debt problem. He is right. Yet the Senator is supporting tax increases in order to get supporters of big government on board with reforms to ...

A reality check on fiscal cliffs

In Washington, politicians and pundits alike are pretending panic over the coming “fiscal cliff.” As they typically do, they are treating the “cliff” like a game, albeit one they won’t see an effect from, protected as they are by the Beltway Bubble. Unfortunately, this “cliff” is a distraction from the real disaster coming down the pike. As Cato’s Dan Mitchell pointed out in a recent column, this fiscal cliff pales in light of the big one we’ll see in a few years: The real crisis is the ticking time bomb of entitlement programs and the welfare state. This bomb won’t explode this year or next year. It may not even explode for ...