Saturday, November 10, 2012

President Obama Makes Major Tax Demand


http://tpmdc.talkingpointsmemo.com/2012/11/obama-to-boehner-higher-taxes-on-the-wealthy-or-the-bush-tax-cuts-expire.php?ref=fpb

President Obama and House Speaker John Boehner have each made cursory appeals to cooperation in the wake of Tuesday’s election. But they’re still making incompatible demands about the tax code. And on Friday, President Obama made clear that if Republicans reject the policy goal he campaigned on, all of the Bush tax cuts will expire.
“If we’re serious about reducing the deficit we have to combine spending cuts with revenue, and that means asking the wealthy to pay a little more in taxes,” Obama said in public remarks at the White House. “Right now if Congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody’s taxes will automatically go up on January 1.”
Pres. 4 years past being the rookie in the game
In both 2008 and 2012, Obama campaigned on the goal of allowing the Bush tax cuts that exclusively benefit top earners to expire. That would increase the top marginal tax rate from 35 percent to 39.6 percent next year. But Boehner and other Republicans want tax rates off the table and GOP aides suggest higher tax rates can’t pass the Republican House
not willing to do their jobs again how long are we going to waste money on a do nothing republican congress? want get the budget down kick them to the curb.
“There is no mandate for raising tax rates on the American people,” House Majority Leader Eric Cantor said in a Wednesday statement. “There is a mandate for avoiding the fiscal cliff and finding real solutions so we can make life work for people again.”
63% of the people want it is that mandate enough for your butt???
Obama did leave modest room for negotiations. “I’m not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren’t asked to pay a dime more in taxes,” he said.
they are starting off in a losing position really sad thing is they are putting "we the people" in that same losing box. recall, fire what ever is easier and faster.