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Thread: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

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    Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    WASHINGTON—President Barack Obama would pay for his $447 billion jobs plan by ending a series of tax breaks for oil and gas companies, hedge-fund managers and people making more than $200,000, the White House said Monday.In total, Mr. Obama's plan would end about $467 billion of tax breaks over 10 years, said White House Office of Management and Budget Director Jack Lew. The president has previously proposed ending the tax breaks, but has faced stiff resistance from Republicans.
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    ReutersPresident Obama holds a copy of the "American Jobs Act" he will send up to Congress for passage while standing next to Vice President Biden in the Rose Garden Monday.



    By choosing to end the tax breaks, the White House is likely setting itself up for a fight with Republicans. Obama Seeks to End Tax Breaks to Pay for Jobs Plan - WSJ.com
    What else is new, other than the amount Obama now says is the evil "rich" just went down to $200K from $250K....Funny how that keeps creeping down...

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    It's $200k per individual and $250k per household -- nothing new there.

    This is a perfectly reasonable way to pay for the plan.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    But...but...but...Obama didn't say anything about raising taxes and the bill is already paid for!!!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by AdamT View Post
    It's $200k per individual and $250k per household -- nothing new there.

    This is a perfectly reasonable way to pay for the plan.
    It's a perfectly reasonable way for his dumbass to get voted out next year. Because of that, I applaude his efforts.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Quote Originally Posted by apdst View Post
    It's a perfectly reasonable way for his dumbass to get voted out next year. Because of that, I applaude his efforts.
    According to the polls most people agree with him.

    Poll: Raise taxes on wealthy, leave Medicare, Medicaid alone - The Hill's On The Money
    Americans Want Higher Taxes On Wealthy, No Entitlement Reform In 'Super Committee' Deal
    Poll: Taxing the rich favored over Medicare cuts - Jennifer Epstein - POLITICO.com
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    Another day, another lie.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    You know oil and gas, hedge funds, and people with individual income over 200K don't really come to mind when I think "who should get a tax break with the amount of federal debt that exists." Don't get me wrong, I don't like taxes, but the simple fact is that to cut the debt we need BOTH spending cuts AND tax increases, there's no way around it.

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    Re: Obama Seeks to End Tax Breaks to Pay for Jobs Plan

    What a travesty!

    The idea of making wealthier Americans pay just a little extra in taxes (temporarily) so we can have some short term cash to help fix some of our budgetary and economic problems is just sickening. It warrants a giant complaining session in fact.

    Look, I'm all for lowering taxes at times when it makes sense strategically, but this is not one of them. Let's try to fix our budget without making deep cuts to programs that may be the difference between life or death for some folks, and then reassess the situation when when things even back out.

    I don't think an approach based on revenue increases and spending cuts is a crazy idea.
    Last edited by David D.; 09-12-11 at 06:35 PM.

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    Quote Originally Posted by David D. View Post
    What a travesty!

    The idea of making wealthier Americans pay just a little extra in taxes (temporarily) so we can have some short term cash to help fix some of our budgetary and economic problems is just sickening. It warrants a giant complaining session in fact.

    Look, I'm all for lowering taxes at times when it makes sense strategically, but this is not one of them. Let's try to fix our budget without making deep cuts to programs that may be the difference between life or death for some folks, and then reassess the situation when when things even back out.
    This ignores the possibility that, without deep cuts, things would not even back out. Saying we need to fix our budget problems without controlling spending is like trying to sober up without stopping drinking.

    I don't think an approach based on revenue increases and spending cuts is a crazy idea.
    Who in DC is saying anything about spending cuts???

    Let's get serious. Raising taxes in any significant way is political suicide, and cutting spending in any significant way is political suicide. Stop trusting these clowns. They are driving us off a cliff.

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    Isn't this a socialistic agenda? To take from one type of class and give to another? Or, is this called legally stealing because the gov approves it? I wouldn't accept a rich persons money if the government takes it away from them because it's not mine

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