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Thread: Obama: No Deal Without Tax Hikes

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Misterveritis View Post
    Really only one side needs to compromise. Any cuts he offers we should accept. Then we should offer a plan of our own. But no tax increases.
    that puts the entire burden of reducing the deficit / debt on the lowest socioeconomic group. given the current non-existent job opportunities, i don't see that as a viable solution. also, a default might affect the highest socioeconomic class even more than the lower ones.

    i would support a complete defunding of nation building and instead using that money to build infrastructure and to fund domestic energy research. i would also cut corporate tax rates (especially for corporations that increase hiring domestically) while closing loopholes. however, if a modest rate increase for top earners will make the austerity compromise more equitable, i would not be against it. perhaps the option of hiring full time employees could be given to the targets of rate increases instead of paying the higher rate.

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    Re: Obama: No Deal Without Tax Hikes

    If they are leaders they will stand firm. If they fail us because they have been frightened then we deserve what we get. And what we will get are the chains of slavery.

    No deals. Walk away from any tax increase.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Helix View Post
    Obama walks out of tense US debt meeting - aide | Reuters

    the president walks out of the meeting today.

    i can't say that i blame him. both sides will have to compromise to get this done.
    House of Representatives Speaker John Boehner, the top Republican in Congress, dismissed spending cuts offered by the White House as "gimmicks and accounting tricks."
    What an ASS.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Helix View Post
    that puts the entire burden of reducing the deficit / debt on the lowest socioeconomic group.
    Well no. many people in the extra-constitutional departments earn high five and low six-figure incomes. They just won't get paid. We need to sell off their assets, fire the government workers and sell off the buildings.

    Quote Originally Posted by Helix View Post
    i would support a complete defunding of nation building and instead using that money to build infrastructure and to fund domestic energy research. i would also cut corporate tax rates (especially for corporations that increase hiring domestically) while closing loopholes. however, if a modest rate increase for top earners will make the austerity compromise more equitable, i would not be against it. perhaps the option of hiring full time employees could be given to the targets of rate increases instead of paying the higher rate.
    If the Republicans walk away then the one term Marxist president Obama will have to make hard choices, for the first time in his life. We do not need to rescue him. He, and his democrat henchmen increased the size of the federal government by 25% in the last two years. This could cause some serious trimming. It will not come a moment too soon.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by BDBoop View Post
    What an ASS.
    The one term Marxist president Obama? Agreed!

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    "The vast majority of Republicans believe that at least some tax revenue increases are necessary, which is contrary to the current position of the Republican congressional leadership."
    This is of course untrue. Republicans have proposed a number of plans to increase tax revenue. The reporter is confusing "tax revenue increases" with raising taxes.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Misterveritis View Post
    Well no. many people in the extra-constitutional departments earn high five and low six-figure incomes. They just won't get paid. We need to sell off their assets, fire the government workers and sell off the buildings.
    and then they'll be on entitlements. how will that reduce government spending or the ever-increasing public demand for it?


    Quote Originally Posted by Misterveritis View Post
    If the Republicans walk away then the one term Marxist president Obama will have to make hard choices, for the first time in his life. We do not need to rescue him. He, and his democrat henchmen increased the size of the federal government by 25% in the last two years. This could cause some serious trimming. It will not come a moment too soon.
    if you truly believe he's a "Marxist," then you need to research Marxism in greater depth.

    additionally, paying our debts is not rescuing Obama. it's rescuing the average citizen. the consequences of default are serious and lasting.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Taylor View Post
    This is of course untrue. Republicans have proposed a number of plans to increase tax revenue. The reporter is confusing "tax revenue increases" with raising taxes.
    Obama isn't proposing any increases in any taxes. He is merely proposing to close "loopholes" (ie eliminate some specific tax deductions)
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    today: 11% think deficit reduction should come all or mostly from taxes, 50% think balance can be found all or mostly thru cuts

    Only 11 percent of voters want tax hikes to be used as the main way of closing the deficit, a new poll Wednesday found.

    Seven percent of those surveyed by Gallup said that mostly tax increases, along with some spending cuts, would be the best way to close the deficit. Four percent of Americans say that only tax hikes should be used to cut the deficit.

    Voters expressed significantly more support for spending cuts.

    One in five Americans surveyed for the Gallup poll say they think the deficit is best cut down by reducing federal spending alone, while 30 percent say that the best strategy for deficit reduction would employ mostly cuts and some tax hikes.

    There’s also resistance among the public at large to see the debt ceiling increased, something that congressional Republicans are trying to link to deficit-reducing spending cuts.

    Of those surveyed by Gallup, 42 percent say they would vote against raising the debt ceiling, while 22 percent say they would vote for it. Another 35 percent say they don’t know enough about the issue to express an opinion.
    Poll: Tax changes unpopular solution to debt - Jennifer Epstein - POLITICO.com

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    Obama isn't proposing any increases in any taxes. He is merely proposing to close "loopholes" (ie eliminate some specific tax deductions)
    If that were true they'd have struck a deal. When the Republicans offered the plan written by Obama's own bipartisan debt commission, Obama refused unless it were modified to raise taxes on the rich.

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