Posted by Jesse Lee on November 6, 2010 at 5:00 AM EST
President Obama lays out his priorities for the coming discussion about tax cuts, calling for compromise but making clear he cannot accept $700 billion in deficits or an increase in middle class taxes.
Today Republican Congressman Darrell Issa said on Monday that he cannot accept a potential compromise that would extend tax cuts for the wealthy for 2 years while making them permanent for everyone else.
Issa said small businesses that would be affected by the two-year extension needed to make longer-term decisions than just two years to create jobs.
So if anything, this is wrong-minded," Issa said. "In some ways you should say, look if you invest today we'll let you get a better deal three, four, five years from now because that's how you create jobs. Hopefully we'll come to a compromise that does allow people to make decisions beyond just this tax year.
The actual percent of small businesses who will see a tax increase is more like 3 percent. Because he was so far off, we rated his (Neugebauer's) statement Pants on Fire!
Issa's stement is also a fabrication that is not based on facts. Lawrence O'Donnell has stated that politicians are entitled to their own opinion, but not their own facts.
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President Obama lays out his priorities for the coming discussion about tax cuts, calling for compromise but making clear he cannot accept $700 billion in deficits or an increase in middle class taxes.
Today Republican Congressman Darrell Issa said on Monday that he cannot accept a potential compromise that would extend tax cuts for the wealthy for 2 years while making them permanent for everyone else.
Issa said small businesses that would be affected by the two-year extension needed to make longer-term decisions than just two years to create jobs.
So if anything, this is wrong-minded," Issa said. "In some ways you should say, look if you invest today we'll let you get a better deal three, four, five years from now because that's how you create jobs. Hopefully we'll come to a compromise that does allow people to make decisions beyond just this tax year.
According to Politifact: Rep. Randy Neugebauer, (R-Texas) said that "94 percent of small businesses will face higher taxes under the Democrats' plan." This isn't even remotely true --even if the Democrats proposed letting tax cuts expire for all income levels, which they won't.
The actual percent of small businesses who will see a tax increase is more like 3 percent. Because he was so far off, we rated his (Neugebauer's) statement Pants on Fire!
Issa's stement is also a fabrication that is not based on facts. Lawrence O'Donnell has stated that politicians are entitled to their own opinion, but not their own facts.
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