Wednesday, November 14, 2012

Can Obama Cut A Deal With The GOP Without Raising Tax Rates


http://tpmdc.talkingpointsmemo.com/2012/11/the-republicans-big-tax-ask----and-why-obama-cant-take-it.php?ref=fpa

In the week since the election, Republicans have wrung their hands endlessly about the need to change course, lest their unpopular views on issues from taxes to immigration render them unelectable in future national campaigns.
But when it comes to actual policymaking, their demands in budget negotiations with President Obama are familiar: No higher tax rates plus vague promises of higher revenue via tax simplification that lowers tax rates — and even then, to get their concession on revenue, Obama needs to agree to cut entitlements.
That’s not much of an offer from the side that lost the election. Obama wants to kick things off by asking top earners to pony up about $1 trillion in revenue over 10 years, preferably by returning their top marginal rates to 39.6 percent, where they were during the Clinton administration.
the right is losing the ability to even talk a good misleading.  they get two words out and it's all exposed as right wing rhetoric, "no taxes"
Hubbard wants Obama to embrace a piece of Romney’s old tax plan: raise revenue by limiting or eliminating tax expenditure benefits for the wealthy. The Chamber of Commerce has suggested it could support a similar source of new revenue. And, broadly, the proposal, taken alone, is a progressive one.
so they can claim credit for it?
But what’s in it for Obama?
First, it would require him to back off his pledge not to extend Bush tax cuts for high earners. It would also likely result in less revenues from top earners than a straightforward tax rate hike. And liberals are concerned that the result will be higher overall taxes on middle class earners to make up the difference.
“I think you ultimately need both of those things, you’re going to need higher rates, and tax expenditure reforms,” says Chuck Marr, a federal tax expert at the liberal-leaning Center on Budget and Policy Priorities. “Lowering rates is a trap. … There’s no question that some of these tax expenditures are poorly designed, that there are good reforms that are efficient and equitable that can raise a significant amount of money and they should be done.”
more republican skulduggery they seem to think their play on words is some kind of undecipherable code that only they can break and the base is still cheering, "if you can't dazzle them with brilliance, baffle them with BS.