Wednesday, June 23, 2010

Dianne Feinstein said she'd only tax the super-rich....

Guess what? That threshold is dropping daily...

“You could go lower, too — why not $200,000?” said Sen. Dianne Feinstein (D-Calif.). “With the debt and deficit we have, you can’t make promises to people. This is a very serious situation.”
Millions of dual career couples easily pass that new, and lower, dollar per year mark.
And that's not going to be a high enough threshold either. They won't be able to get a budget for FY 2011 done:
The Democrats in Congress believe what Rep. Gerry Connolly told the LA Times, which is that no member of Congress ever lost an election because of a failure to pass a budget. They don’t want to be on the hook for the hard decisions that must come in FY2011, which is either to drastically reduce spending from the binge levels of the last three Democratic Congresses, or to raise taxes to cover it. Spending cuts won’t change voter perception of this Congress at this late date — and tax hikes will make it worse.
And remember, Dianne Feinstein is the more reasonable, more honest and more sane of the two Wicked Witches that make up California's "representation" in the US Senate.

2012 can't come soon enough....

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