Bush tax cuts have expired, no law has replaced them

[truebluefan]

Now that the Bush tax cuts have expired, the negotiating ground has radically shifted. Or should have.

Update: You can still try to screw this up in the House if you’re so inclined. Phone numbers here.
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Snarky headline, but I thought you needed to hear that, since apparently no one else on the planet has noticed. No, a handshake between Joe Biden and Mitch McConnell is not a new law, despite what you’re reading in the papers. And yes, the negotiating ground has changed, despite what you’re reading in the papers.

So with the Bush tax cuts already expired and out of the way (I’m going to bold that expression every time it appears, just so you know it actually happened), U.S. citizens are now subject to a tax increase. So starting from here — now that the Bush tax cuts have already expired — let’s see how we can get a real middle class tax cut passed … you know, like we discussed a thousand times before, almost a thousand years ago. Here’s my pretend-Obama’s letter to the Republicans:

Dear John & Mitch:

You screwed up. I don’t have a bill on my desk, and it’s past midnight. You know what that means … new rules.

So I’m offering you the following bill in the House and Senate, good as of today, January 1. You remember January 1 — that’s the day the Bush tax cuts expired. My bill:

1. We’re going to reinstate the Bush tax cuts on the first $250,000 of income for all Americans. You lost your shot at $450,000, which I never should have offered you.

2. We’re going to tax capital gains and “carried interest” at 25%. You lost your shot at 20% by not sending me a bill in time.

3. We’re going to extend the child tax credit and the college tuition credit for five years, individual and business tax for two years, and the Medicare “doc fix” for one year. The Alternative Minimum Tax will be permanently fixed. Just like you agreed to before you blew it by not sending me a bill in time.

4. We’re going to extend unemployment benefits for a year. Just like you agreed to before you blew it by not sending me a bill in time.

5. We’re going to raise the top tax rate on baronial estates to 55 percent, with a $2 million exemption. You lost your shot at 40% when you blew it.

6. We’re going to renew tax breaks for businesses and for renewable energy purposes, just like you agreed to before you blew it.

7. We’re going to delay the sequester for one year, not two months when you can play Debt Ceiling games with it. Do you think I’m crazy?

8. AND I’m going to tell the American people every single day, starting this very afternoon, that their tax breaks are in your hands.

Now for the rules. Here’s how we play the game in 2013, now that the Bush tax cuts have expired and no new law has been passed:

■ If you pass that bill in both houses without amendment and send it to me for signature, I’ll be happy to sign. Props to you.

■ If you don’t pass the bill, I send it back to you with one change — that $250,000 becomes $245,000. And I make sure people know who’s blocking their tax increase.

■ If you don’t pass that bill, I send it back to you with one change — that $245,000 becomes $240,000.

And so on.

Have you figured this out yet? I suggest you pass that first bill. Remember, I’m talking to the American people every day. And the Bush tax cuts have already expired.

Your friend, Barack

P.S. You really did blow it, you know. Try playing these games at Debt Ceiling time and I’ll hang the consequences around your neck like an engine block — totally your fault.

Read more http://americablog.com/2013/01/breaking-bush-tax-cuts-have-expired-no-law-has-replaced-it.html

 

[Denny Crane]

Due to the current financial situation caused by the slowdown in the economy, Congress has decided to implement a scheme to put workers of 50 years of age and above on early, mandatory retirement, thus creating jobs and reducing unemployment.

This scheme will be known as RAPE (Retire Aged People Early).

Persons selected to be RAPED can apply to Congress to be considered for the SHAFT program (Special Help After Forced Termination).

Persons who have been RAPED and SHAFTED will be reviewed under the SCREW program (System Covering Retired-Early Workers).

A person may be RAPED once, SHAFTED twice and SCREWED as many times as Congress deems appropriate.

Persons who have been RAPED could get AIDS (Additional Income for Dependents & Spouse) or HERPES (Half Earnings for Retired Personnel Early Severance).

Obviously persons who have AIDS or HERPES will not be SHAFTED or SCREWED any further by Congress.

Persons who are not RAPED and are staying on will receive as much SHIT (Special High Intensity Training) as possible. Congress has always prided themselves on the amount of SHIT they give our citizens.

Should you feel that you do not receive enough SHIT, please bring this to the attention of your Congressman, who has been trained to give you all the SHIT you can handle.

Sincerely,

The Committee for Economic Value of Individual Lives (E.V.I.L.)

PS - Due to recent budget cuts and the rising cost of electricity, gas and oil, as well as current market conditions, the Light at the End of the Tunnel has been turned off.