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Bob Woodward Shocker: There Is a Way to Raise Revenue AND Lower Tax Rates
NewsBusters.org ^ | November 11, 2012 | Noel Sheppard

Posted on 11/11/2012 3:49:31 PM PST by Kaslin

Stop the presses! Stop the presses!

The Washington Post's Bob Woodward on The Chris Matthews Show Sunday not only called Democrat visions of balancing the budget by raising taxes on the rich a "fantasy," but he also said "there is a way to...raise more revenue and perhaps lower the rates" (video follows with transcript and commentary):

Bob Woodward Shocker: There Is a Way to Raise Revenue AND Lower Tax Rates

BOB WOODWARD, WASHINGTON POST: But there's a fantasy element, unfortunately, in this, about the tax increases for the wealthy. It probably is sensible, good policy. It’s theology, as you know, with the Republicans not to do it, and when you look at the raw numbers, it's kind of only eight percent of the annual deficit. You don’t get enough money, and if you go back to 2010 when it was Obama and Joe Biden who made the agreement with the Republicans to extend the Bush tax cuts.

So I would not rule out him giving that just because you're not going to get that much revenue from it. And there are other ways to do it. And the idea that somehow you can put enough Republicans and all the Democrats in the House together won't work because the Democrats will not go along with significant entitlement cuts.

But there is a way to do it and raise more revenue and perhaps lower the rates.

Guess what? This is what Mitt Romney and Paul Ryan have been saying for months.

Is Woodward actually mellowing with age and starting to see the truth about how taxes actually work?

What was also interesting about this is it came as most of Matthews' panel including himself were predictably pushing for taxes to be raised on the wealthy.

As such, I don't often say this, but bravo Bob! Bravo!


TOPICS: Business/Economy; Culture/Society; Editorial; Government; News/Current Events
KEYWORDS: bobwoodward; genesperling; laffercurve; partisanmediashills; sequester; woodward

1 posted on 11/11/2012 3:49:34 PM PST by Kaslin
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To: Kaslin

grow the economy. less taxes, less regulation mean more jobs. each job takes a person from the 47% and puts them in the 53%. they go from a consumer of the govermnent to a provider thereof.

and what does obama do? everything he can to shrink the economy...


2 posted on 11/11/2012 3:56:58 PM PST by camle (keep an open mind and someone will fill it full of something for you)
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To: Kaslin

My guess is that Woodward is angling toward a “contributor” spot on Fox News in order to continue getting paid for what he does.


3 posted on 11/11/2012 4:03:48 PM PST by elkfersupper ( Member of the Original Defiant Class)
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To: Kaslin

wow, mr woodward better report to a re-education camp PDQ


4 posted on 11/11/2012 4:08:24 PM PST by Jeff Vader
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To: Kaslin

“Is Woodward actually mellowing with age and starting to see the truth about how taxes actually work?”

No. He’s a rich guy about to be taxed up the wazoo.

Bob, just call up King Bathhouse Barry and he’ll take care of it for you.


5 posted on 11/11/2012 4:08:59 PM PST by Smokeyblue
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To: Kaslin

Dang, he’s a gazillion years old, isn’t he? I understood the Laffer Curve when I was 15.


6 posted on 11/11/2012 4:10:20 PM PST by Tax-chick ("Build the America you want to live in at your address, and keep looking up." ~marron)
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To: Kaslin

Good post Kaslin...Poor old Bob Woodward thought he was making an original Observation.......


7 posted on 11/11/2012 4:11:28 PM PST by virgil283 (Telling the truth is a revolutionary act)
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To: elkfersupper

I’d take him in place of Juan Williams.


8 posted on 11/11/2012 4:17:30 PM PST by SC_Pete
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To: Kaslin

A one percenter who is starting to get worried.


9 posted on 11/11/2012 4:42:33 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: SC_Pete

So would I


10 posted on 11/11/2012 4:59:16 PM PST by Kaslin ( One Big Ass Mistake America (Make that Two))
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To: Kaslin

What I want to know is, is there a way to get Skittles AND Unicorns?


11 posted on 11/11/2012 5:11:23 PM PST by bigbob
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To: Kaslin

Snarky comments on this thread are unwarranted.

As I recall, Woodward is from a Republican family. He is a Navy vet. Although partnered with another rookie reporter during the Watergate scandal, he has never exhibited the instability of Bernstein. As a reporter and author, he has never been politically affiliated, but he has written things that neither side like to read.

He has, for years, authored well-researched books and closely observed the workings of Washington. If what he says displeases one side or the other in a political issue, he draws brickbats from both. And that is most of the time.

He has weathered well and is often an interesting and informed voice.


12 posted on 11/11/2012 6:16:28 PM PST by Jedidah
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To: Kaslin

He’s trying to “look” fair, so when he does something outrageously biased, he can’t be called on it.


13 posted on 11/11/2012 7:37:21 PM PST by TBP (Obama lies, Granny dies.)
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