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Thread: Obama: No Deal Without Tax Hikes

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    Obama: No Deal Without Tax Hikes

    ....and then he has the gall to accuse Republicans of being obstinate?

    seven months ago Obama said that the last thing we wanted to do was raise taxes on a poor recovery, but now he thinks that we are doing So Awesome after the last jobs report that it won't effect us? I don't think so - he knows precisely the game he is playing. At least now we know for sure who's holding this whole thing up. Obama knows perfectly well that no package that includes tax hikes will pass the House. His insistence that they be included means he is delaying. Guess he really does want to use this to campaign on after all. Everyone get ready for Obama to start threatening Seniors.


    President Barack Obama declared on Monday there would be no deal on raising the government's debt limit if Republicans won't compromise, and he said he would not sign a short-term extension raising the stakes on volatile negotiations with the clock ticking toward an Aug. 2 deadline.

    "I don't see a path to a deal if they don't budge. Period," the president said in a challenge to his political opponents, accusing Republicans of having a "my way or the highway" posture on taxes.... But Republican Boehner said that tax increases are a nonstarter: "The American people will not accept and the House cannot pass a bill that raises taxes on job creators."...

    ...Sunday's sometimes testy session was shorter than some had anticipated, and it's clear neither side is willing to budge on taxes. Democrats say tax increases are a prerequisite for big spending cuts; Republicans rule out the idea unless taxes are lowered elsewhere....

    even before Obama was finished speaking, Republicans were disagreeing with his insistence that a deficit-trimming deal include cutbacks in tax breaks for the wealthy and some big corporations. While the news conference was under way, Boehner's office sent two emails to his news list saying tax hikes never should have been in the discussion.

    The president warned that failure to reach agreement could create another recession and throw millions of Americans out of work, painting a picture of catastrophe if a partisan stalemate is not broken and Congress fails to act....



    yup. the President needs an economic narrative for 2012, and he's going to make himself one.

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    Re: Obama: No Deal Without Tax Hikes

    on the upside at least, good on Republican Leadership for getting the memo:


    House Majority Leader Eric Cantor (R., Va.) today reiterated his party’s opposition to tax increases in a deal to raise the debt ceiling, arguing it would constitute a violation of the “Pledge to America” that Republicans successfully ran on to win control of the House in 2010.

    “Our members did not come here to raise taxes,” Cantor said. “We’re not asking the president to violate his pledges to the American people, and we wish he wouldn’t ask us to do so.”...


    Boehner: Tax Hikes Never on the Table

    ...Boehner reiterated his position that the debt ceiling “must be raised,” and praised President Obama for “making that case” at a press conference earlier in the day. Tax increases, however, could not realistically be part of the solution. “The American people will not accept, and the House cannot pass, a bill that raises taxes on job creators,” he said. “The House can only pass a debt limit bill that includes spending cuts larger than the hike in the debt limit, as well as real restraints on future spending.”...

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    Re: Obama: No Deal Without Tax Hikes

    Compromise is a two way street, we have to raise taxes to solve the deficit. Period.
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    Re: Obama: No Deal Without Tax Hikes

    closing tax loopholes is not a tax-hike.

    a tax-hike is where the tax-rate is increased for certain income levels.

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    Re: Obama: No Deal Without Tax Hikes

    IMO, to raise revenue by closing loopholes/exemptions/freebies/welfare/etc., isnt raising taxes.
    and where the hell are the so called "job creators".. theyve had these breaks for about a decade, so where's the jobs? or should i ask 'in what country are they creating the jobs?'

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    Re: Obama: No Deal Without Tax Hikes

    "Raising taxes in a recession is the last thing you want to do." - President Barack Obama



    we are willing to compromise on plenty. whatever the President wants to cut, we'll cut. but raising taxes will not bring in any revenue, it will hurt the country's struggling economy, and it's not a political possibility. we might as well demand that Obama pass the Ryan Plan, and then accuse him of refusing to compromise when he doesn't.



    At best, Obama wants to hike taxes, but doesn't want the blame for it, so he wants to make Republicans his enablers. At worst, Obama knows that this won't pass the House, and so he wants to go past the Aug 2 deadline to see how much he can scare the American public about the "eeeeevil Wepubwicans" [/Elmer Fudd Voice].

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Thunder View Post
    closing tax loopholes is not a tax-hike.

    a tax-hike is where the tax-rate is increased for certain income levels.

    you are confusing nominal with effective tax rates

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    Re: Obama: No Deal Without Tax Hikes

    The first three months of the year were good to the oil industry -- although American drivers and their elected leaders are not offering congratulations.

    This week, the world's six largest publicly traded oil companies reported a combined $38.1 billion in first-quarter profits. Of the so-called supermajors, only BP (BP)'s earnings declined from the year before.

    Now why should we be expected to continue to pay record prices at the pump and grocery store and every other outlet that has had to increase prices because of rising fuel costs, and at the same time continue to subsidize these companies?

    I am aware that crude prices are certainly driving some of the increase, so where are the record setting profits coming from?

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by cpwill View Post
    ...Boehner reiterated his position that the debt ceiling “must be raised,” and praised President Obama for “making that case” at a press conference earlier in the day.
    It's good that Obama understands the importance of raising the debt ceiling, but too bad that he's chosen to turn it into such a campaign issue. Perhaps he sees this as a way to blame the dismal economy on those 'darned "oil-grubbing, private plane flying" Republicans and shift attention away from his failed policies.

    He's also not leaving himself much room to negotiate by also refusing to entertain any sort of short term remedy to keep the government going. Chances are high that he'll have to rethink at least one of his ultimatums.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by WhyteRash View Post
    IMO, to raise revenue by closing loopholes/exemptions/freebies/welfare/etc., isnt raising taxes.
    and where the hell are the so called "job creators".. theyve had these breaks for about a decade, so where's the jobs? or should i ask 'in what country are they creating the jobs?'
    What are you talking about? They've created or saved millions of jobs. We'd be in a depression right now if they hadn't.

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