Obama's plan to hike taxes meets fierce opposition (from Congre$$ional Pubs and a few Dems)

AP on Yahoo ^ | 3/3/09 | Stephen Ohlemacher - ap

[NormsRevenge]

WASHINGTON – President Barack Obama's call to raise taxes on high earners and greenhouse gas polluters met fierce opposition Tuesday from congressional Republicans and also a few Democrats. "I would never want to adversely affect anything that is charitable or good," Rep. Charles Rangel, D-N.Y., chairman of the tax-writing House Ways and Means Committee, said of Obama's call to limit high-income taxpayers' itemized deductions for charitable donations and mortgage interest.

Republicans said the president's plan to charge fees to industries that spew greenhouse gases amounts to a stealthy tax increase for all Americans that will far exceed the new $400 annual tax cut for workers that he wants to extend beyond 2010.

"The president's budget increases taxes on every American, and does so during a recession," said Rep. Dave Camp of Michigan, the top Republican on the Ways and Means Committee.

Treasury Secretary Timothy Geithner argued that the Obama proposal would reduce taxes for most Americans. Any increases, he said, wouldn't occur until 2011, when the economy is "safely into recovery."

[NormsRevenge]

Any increases, he said, wouldn't occur until 2011, when the economy is "safely into recovery."

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Oh , how comforting.

[Cindy]

[NormsRevenge]

“I would never want to adversely affect anything that is charitable or good,” Rep. Charles Rangel, D-N.Y., chairman of the tax-writing House Ways and Means Committee, said of Obama’s call to limit high-income taxpayers’ itemized deductions for charitable donations and mortgage interest.

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Rangel has our back.

(shudder)

[screaminsunshine]

We are going to have to stop this madman. Has anyone checked out his background?

[Steely Tom]

Any increases, he said, wouldn't occur until 2011

Except the ones that occur right away because we're in an emergency.

Remember: think boulders. The word is boulders.

[NormsRevenge]

I'm sure MI6 has a good file on him.. and his associates. ;-)

"I would never want to adversely affect anything that is charitable or good," Rep. Charles Rangel, D-N.Y., chairman of the tax-writing House Ways and Means Committee, said of Obama's call to limit high-income taxpayers' itemized deductions for charitable donations and mortgage interest.

[NormsRevenge]

Remember: think boulders. The word is boulders.

—

boulders (drink)

got it. Thx! ;-)

[Jacquerie]

I wonder if Rangel is worried at all about the possible exodus of the 40,000 +/- high income NYC taxpayers who pay the vast majority of the city's taxes?

[xcamel]

Timmy Turbo Tax Cheat to the Rescue!!

[101viking]

"I would never want to adversely affect anything that is charitable or good," Rep. Charles Rangel, D-N.Y., chairman of the tax-writing House Ways and Means Committee, said of Obama's call to limit high-income taxpayers' itemized deductions for charitable donations and mortgage interest.

This is smoke and mirrors. It appears that the administration is throwing out "red meat" (no pun intended), and having the likes of Rangel come out against it. This would only be done to cover the bigger picture with the likelihood that they will back off as a "concession,"and will give cover to those who vote it through...the "unity and bi-partisanship" that keeps Obama's ratings high and in turn powerful.

I have to hand it to team hope and change, they are much smarter than I initially gave them credit for.

[screaminsunshine]

Rangle is just a crook. Harmless. Obama is a dangerous communist.

[mel]

Is that a joke? :)

[screaminsunshine]

No. Rangle is relativly harmless compared to Obama. He is just an old school crook from Harlem.

[JPG]

‘Safely into recovery.’ RRrrrright. Safely into the morgue is more like it.

[steelyourfaith]

 

Beam me to Planet Gore !

[mel]

I have come to think even Clinton’s are harmless compared to Obama.