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White House: No debt deal unless tax rates on top earners go up
The Hill ^ | November 29, 2012 | Amie Parnes

Posted on 11/29/2012 2:34:58 PM PST by yoe

White House press secretary Jay Carney said Thursday there will be no deficit deal unless Republicans agree to raise tax rates on the wealthiest households.

[snip]The president wants tax rates extended on all households below that threshold, but says rates above it should be phased out.

(Excerpt) Read more at thehill.com ...


TOPICS: Breaking News; Crime/Corruption; Front Page News; Government
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Obama is once again with the help of Sen. Reid, trying to shove something down our throats without taking the time to do it correctly.....Never forget Nancy Pelosi and her "pass it now so we can find out what is in the bill........." Obama demanded billions of dollars in bailouts intimating if he didn't get it the nation would fail......the people failed in allowing Obama and Washington, D.C. to bully them into paying off the Unions....where is the success of those bailouts today....anyone believe the AP or Obama? Most of what is coming out of Obama's office is pure BS....go after congress to stop spending and printing money!
1 posted on 11/29/2012 2:35:00 PM PST by yoe
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To: yoe

More taxes + No cuts = MORE SPENDING INTO OBLIVION!!! CLOWARD & PIVEN; IRREVERSIBLE DEBT LEADING TO COLLAPSE IS THE GOAL.


2 posted on 11/29/2012 2:37:39 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: yoe
President Obama is an economic illiterate. A big attaboy to the first Pubbie who says it.
3 posted on 11/29/2012 2:41:39 PM PST by gov_bean_ counter (Hope and Change has become Attack and Obfuscate.)
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To: gov_bean_ counter

f*ck him!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


4 posted on 11/29/2012 2:45:33 PM PST by ldish (Give me Freedom and Liberty or let's kick some a**!)
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To: yoe

“The wealthiest households” can more easily defer spending and shift income than the Obama administration can stop spending money on food stamps and Obamaphones. They won’t raise any significant amount of money doing this.


5 posted on 11/29/2012 2:46:23 PM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: yoe

Obama, via “Executive Orders,” is well on his way to dictatorship.


6 posted on 11/29/2012 2:47:06 PM PST by OldNavyVet
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To: yoe

Damn it, CALL THE A-HOLE’S BLUFF!!


7 posted on 11/29/2012 2:47:24 PM PST by Marathoner (Our forefathers would be shooting by now.)
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To: yoe

I’d say sequestration is pretty much a guaranteed thing at this point. Maybe not the best way of handling the mess but it’s the only acceptable point. What the President might not want to admit in public....it was Harry Reid who drafted the whole sequestration text.

To get to the real three points here. First, you have a tax system (70k pages) that is corrupted and needs total reform. Neither party will touch the topic though.

Second...the game of running a government ‘candy-store’ only works if you have a booming or positive economy. We haven’t exactly been in positive numbers for a few years (we don’t manufacture that much anymore in our own country).

Third and final...the media’s attempt to explain everything is like asking a drunk to explain nuclear fusion. You eventually realize that you have to ask a ton of questions to figure out what the facts are, and then ration yourself to a few trusted sources.


8 posted on 11/29/2012 2:48:11 PM PST by pepsionice
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To: yoe
Good. Then we have no deal. Keep the debt ceiling where it is. Let the spending cuts begin.

In any compromise between good and evil, it is only evil that can profit.

-John Galt-

9 posted on 11/29/2012 2:48:11 PM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: yoe

If and when Boehner caves, like he has for the last four years, thereafter pictures of him should show him wearing lipstick, and maybe a big gold earring.


10 posted on 11/29/2012 2:49:26 PM PST by yefragetuwrabrumuy (Pennies and Nickels will NO LONGER be Minted as of 1/1/13 - Tim Geithner, US Treasury Sect)
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To: All

Mayhaps Obama will be in more of a mind to cut a deal when he comes back in January from his seventeen day holiday vacation in Hawaii.


11 posted on 11/29/2012 2:49:34 PM PST by SamKeck
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To: yoe

I’ve long wondered why it’s so dang important to Dems that the rich “pay their fair share,” “fair” being several orders of magnitude more than other classes, when we all know it’d barely dent the debt. Aside from how that’s just the way they talk and they don’t know any better, all I can come up with is that it’s a smokescreen for the fact that the largest class and the class whose votes everyone’s always wooing, the middle class, will inevitably end up paying for whatever we don’t default on.

I don’t mean the feds will raid their retirement funds, though probably they will. I mean most of it will be paid with the secret tax of inflation. So publicly going after Fat Cats makes it all the secreter.


12 posted on 11/29/2012 2:51:13 PM PST by Tublecane
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To: yoe

Never!
13 posted on 11/29/2012 2:53:09 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: pepsionice

At least sequestration actually cuts things. I can almost guarantee any compromise would be the usual tax hikes now cuts later, maybe.


14 posted on 11/29/2012 2:53:55 PM PST by Tublecane
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To: yoe

FUBO


15 posted on 11/29/2012 2:54:42 PM PST by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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To: yoe

Republicans are so helpless.

Go on interviews everywhere and say whoa, these are the hated “Bush tax cuts” which Obama opposed. Can we now get an admission they are a good thing?

They are actually letting Obama take credit for wanting to extend these tax cuts. Absurd.


16 posted on 11/29/2012 2:57:47 PM PST by Williams (No Obama)
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To: yoe

The FIRST thing to do {if they want re-election} would seem to be slash the Travel and Junketing budgets of ALL elected Federal Office holders.

ONLY “tourist class flights”; until a budget is in place.


17 posted on 11/29/2012 3:01:23 PM PST by PizzaDriver ( on)
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To: yoe

Fine. No Deal

We jump off Obama’s cliff.


18 posted on 11/29/2012 3:18:25 PM PST by eyedigress ((zOld storm chaser from the west)/?)
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To: yoe
The "wealthiest households" can easily arrange to have no income without sacrificing their standard of living, which negates the whole argument.

If what the politicians want is revenue growth, they need to cut taxes radically across all income levels and tax the people who aren't paying any income taxes.

19 posted on 11/29/2012 3:27:26 PM PST by elkfersupper ( Member of the Original Defiant Class)
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To: PizzaDriver
I believe it is within the power of the Congress to ground Air Force One and limit presidential air travel until a plan to reduce spending is submitted. Obama should be grounded until the work is done.

Likewise, Congress can cut the money being spent on the Executive Office of the President (staff). By cutting the funds Congress could shut down or squeeze departments and agencies like EPA, Education,and even Obamacare itself.

Congress has the power to inflict great pain and embarrassment on a president that will not play ball. They can charge the president with dereliction of duty for not submitting a budget as required by law. The House can bring charges against the president. The Senate would have nothing to say (no vote) on bringing charges.

20 posted on 11/29/2012 3:35:41 PM PST by Rapscallion ( OBAMA: You own it now. See if you can govern it.)
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