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White House weighs smaller fiscal cliff package
politico ^ | 12/21/12 | CARRIE BUDOFF BROWN and JAKE SHERMAN

Posted on 12/21/2012 12:50:52 PM PST by ColdOne

So the White House is turning its focus to a smaller package that would extend the Bush-era tax rates on income below $250,000, pause the across-the-board spending cuts known as the sequester and renew unemployment insurance benefits, according to senior administration officials.

It would hold off a significant portion of the fiscal cliff, minimizing any economic shock in the new year. But it means a host of tax provisions would likely expire, little would be done to address the debt and deficit, and no process would be set up for overhauling the tax code next year. There would be no agreement on entitlements, and none on raising the debt ceiling.

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


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: fiscalcliff; sameoldsameold

1 posted on 12/21/2012 12:50:57 PM PST by ColdOne
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To: ColdOne

just kicking the can a little farther down the road


2 posted on 12/21/2012 12:57:01 PM PST by The Louiswu (it's all downhilll from here!!!)
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To: ColdOne

That can is getting bigger and bigger to kick down the road.


3 posted on 12/21/2012 12:57:33 PM PST by headstamp 2 (What would Scooby do?)
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To: ColdOne

can road kick (repeat)


4 posted on 12/21/2012 12:57:38 PM PST by sasquatch
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To: ColdOne

Awww........ Are those “Evil” Republicans playing grinch again and not giving the wanna be boy king all his Christmas Presents??? Poor barry will have to just take solace in spending several weeks in Hawaii in luxury...


5 posted on 12/21/2012 1:01:23 PM PST by jakerobins
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To: ColdOne

No spending cuts and a tax hike on $250k+ earners? Isn’t that what the Kenyan wanted all along?


6 posted on 12/21/2012 1:01:42 PM PST by jimbo123
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To: ColdOne
Too little too late Dumplin Ears. The House called your bluff and adjourned.
7 posted on 12/21/2012 1:02:31 PM PST by RedMDer (Please support Toys for Tots this CHRISTmas season.)
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To: ColdOne

>>So the White House is turning its focus to a smaller package that would extend the Bush-era tax rates on income below $250,000, pause the across-the-board spending cuts known as the sequester and renew unemployment insurance benefits, according to senior administration officials.

So, to sum up, package has lots of tax increases, no spending cuts, plus more welfare spending. And the media will spin this as a “reasonable compromise”.


8 posted on 12/21/2012 1:06:00 PM PST by vikingd00d (chown -R us ./base)
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To: ColdOne

They want unemployment extended. That’s their constituency. Watch them get desperate now that conservatives have put their foot down (desipte their feckless leader).


9 posted on 12/21/2012 1:08:47 PM PST by cotton1706
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To: ColdOne

We will see a lot of this chaff coming out of the White Hut now that the deadline is almost here. It’s all a distraction and we are headed over the cliff.


10 posted on 12/21/2012 1:09:01 PM PST by lodi90
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To: ColdOne

The Democrat tax increase on those with 250k and above will NOT increase tax revenues to the treasury or improve the economy.


11 posted on 12/21/2012 1:11:02 PM PST by Son House (Romney Plan: Cap Spending At 20 Percent Of GDP.)
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To: vikingd00d

Lets see this would tax the hell out of everyone making over $250,000, Pause the spending cuts which means no cuts to entitlements, and extend unemployment which is already extended far beyond what it should be. At what point does unemployment become welfare?

Well damned straight Obama would like this. It’s what he wanted all along. It doesn do anything to solve the debt problem , just places us further in debt.

The House has gone home, he is a day late and a dollar short , plus the Hpoue Repubicans would not agree to this anyway. Of course the Senate will agree to anything Dirty Harry tells them to.

Have a nice time in Hawaii Obama, you scumbag, while people in New York are still without homes. You dirty Piece of slime.


12 posted on 12/21/2012 1:14:10 PM PST by Venturer
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To: jimbo123

Of course. The vote last night gave him cover to propose this.


13 posted on 12/21/2012 1:15:03 PM PST by what's up
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To: ColdOne

???? $250K, isnt that smaller than $1M ?

What’s he up to?


14 posted on 12/21/2012 1:15:05 PM PST by sickoflibs (Dems know how to win. Rs know how to whine.)
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To: ColdOne
smaller fiscal cliff

Hmmm...going off El Capitan instead of Glacier Point I guess...Pulverization factor hitting the ground will be less I suppose...

Both total wipe outs - one just less of a total wipe out than the other - kind of like being less dead one way than the other...

15 posted on 12/21/2012 1:15:19 PM PST by PapaNew
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To: ColdOne

So those dumb super-conservatives are going to get high taxes above $250K instead of $1000K. No wonder it is called “the stupid party”.


16 posted on 12/21/2012 1:19:05 PM PST by expat2
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To: ColdOne

How is this “smaller?” This “offer” hasn’t budged one inch from what’s been on the table for months. Leave it to politico to call it “smaller.”


17 posted on 12/21/2012 1:28:08 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: ColdOne

Exactly what Obama wants. Tax more/ spend more.


18 posted on 12/21/2012 1:31:48 PM PST by Williams (No Obama)
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To: Son House

Hint: It’s not about the revenue. Zero said that himself. It’s about “fairness.”

Next time you talk about tax policy with a lefty, ask him what the purpose of taxes is. Raise money? Redistribute income? Things will get interesting then.


19 posted on 12/21/2012 1:41:35 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: ColdOne
I figure he is making up new talking point lines to keep playing to the camera EVERY DAY to show them that HE is working over the holidays to do EVERYTHING he can to avoid the suffering that comes with the cliff.

‘He is disappointed that Republicans refuse to say ‘yes’ to all his concessions.’

‘He is optimistic that they will eventually do the right thing.’

‘He is sad that they put politics ahead of the American people’

His plan is to completely annihilate Republicans in congress so his last two years he can get the real ‘reforms’ passed.

20 posted on 12/21/2012 1:43:23 PM PST by sickoflibs (Dems know how to win. Rs know how to whine.)
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To: ColdOne

Increased taxes. No spending cuts. This is what Obama wanted all along. I am not sure why I worry so much about the debt since I have given up on this once great country. These young people that voted for Obama will have to deal with it after I am gone.


21 posted on 12/21/2012 1:43:23 PM PST by plain talk
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To: expat2

Amen. I am all in favor of going over the the cliff, but last night was the wrong way to set it up.

This GOP bunch has managed to transform the Bush tax cuts into the Obama middle class tax cuts, and the GOP will be forced in January to go along.

Flame away, but Boehner was right yesterday, not the rebels... At least on the politics if not the economics.


22 posted on 12/21/2012 1:47:35 PM PST by mwl8787
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To: mwl8787
Flame away, but Boehner was right yesterday, not the rebels...

Funny, last night you were calling them "the far right GOP", now they're rebels?

Did it ever occur to you that these "rebels" are doing what their constituents elected theme to do? You know, Taxed Enough Already!

http://www.freerepublic.com/focus/news/2970905/posts?page=70#70

Me thinks you're a troll.

23 posted on 12/21/2012 2:30:10 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron

No troll, been around for years. Just a respective difference of opinion.


24 posted on 12/21/2012 2:33:00 PM PST by mwl8787
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To: mwl8787

Tea Party memebers are “rebels” and “far right GOP”?

Try again.


25 posted on 12/21/2012 2:37:23 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron

Rebel is a term of endearment, but I am still not happy with outcome of last night.

I’ve been on FR since Cajun Girl and I were determined to get Eric Holder out of the Justice Dept when he was a temporary holdover after Bush was inaugurated in 2001 (ashcroft had not yet been confirmed).

This is just a difference of the means to an end.

Merry Christmas, LV Ron. Let us hope 2013 serves our nation better than I anticipate because this Admin are corrupt Chicago street thugs.


26 posted on 12/21/2012 2:51:20 PM PST by mwl8787
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To: mwl8787

Doesn’t answer the “far right GOP”

Merry Christmas to you too, and yes, here’s to a better 2013.


27 posted on 12/21/2012 2:56:29 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: The Louiswu
Photobucket
28 posted on 12/21/2012 3:00:32 PM PST by CMailBag
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To: ColdOne

How about higher taxes and more spending?

No?

Ok. How about more spending and higher taxes?

No? Ok. A compromise. We’ll raise taxes AND continue spending.


29 posted on 12/21/2012 3:18:12 PM PST by BinaryBoy (I'm anti-socialism because I'm anti-slavery.)
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To: ColdOne

What are the differences from before?


30 posted on 12/21/2012 3:25:50 PM PST by savedbygrace (But God.)
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To: ColdOne

Obama wants the “Cliff” effect to occur. The after all the taxes kick in and the pain begins to hit home he can jump in like a knight in shining armour and propose a “Tax Break” for the poor downtrodden middle class. The Republicans won’t be able to say no and they will then cease to be viable even as a memory of what this nation was before the Marxists took it over. The cry will be, “Obama, President for Life.” Sieg Heil!


31 posted on 12/21/2012 3:33:19 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: mwl8787

“The GOP far right”

Dem talking point. We’re not idiots, we know trolls, here.


32 posted on 12/21/2012 6:58:07 PM PST by BobL (Agenda 21...Agenda 21...Agenda 21...Agenda 21...Agenda 21... (whatever the hell that is))
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To: Venturer

Kenyan-born, B. Hussein Obama has secured his place in History as the Anti-Christ that was twice elected to an Office that he could not legally accept.


33 posted on 12/21/2012 7:04:15 PM PST by Graewoulf ((Traitor John Roberts' Communal Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: savedbygrace

Advice for Boehner:

Keep your mouth shut for a full week until after Christmas.

After that, state, “The House has passed a budget and it is over at the Senate. We will pass the Mack Penny Plan which will balance the budget in 8 years or less. We will then adjourn until the White House and the Senate pass a budget, and we WILL NOT raise the debt ceiling.”

After that, at every question and every opportunity, state the above. If the Dinosaur Media and their party, the Democrats, say to any variation of “You are willing to shut down the government and let old people and children die.”, answer, “We have passed a serious budget. It is the WH and Harry Reid who are letting them die.” “for two years?” “YES- it is past time to save our country from bankrupcy.” Anything that tempts any different answers, get off the podium and off the stage.

Long about February, the dogs will come crawling back to the House.

Sad... this is what ought to have occurred last summer and before.


34 posted on 12/21/2012 7:05:30 PM PST by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: ColdOne

The GOP and conservatives will get blamed for “everything negative”, no matter what happens! The GOP should of walked away weeks ago, while, fully, explaining why they did so! Way too many within the “Stupid Party” continue to fall into the trap created by BO and the left.


35 posted on 12/21/2012 9:16:02 PM PST by johnthebaptistmoore (The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
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To: mwl8787

Boehner’s strategy in this debate and last years is abhorrent. The absolute worst political leadership I have ever seen at any level. He negotiates against himself. He uses the wrong tactics to debate and to communicate to the public. Last night is 100% on his shoulders. He created the same situation that bit us in the ass in 2011. He twists conservatives to vote for things against their core principles before getting agreement from the Dems. Then, he further negotiates with the compromise bill as our starting point, with huge of concessions made and comes back to twist more arms to force votes on a worse bill later leveraging the earlier votes.

Our side does ALL the compromise and then gets blamed for being unreasonable. The GOP took far more flack in the 90s, pushed through get bills and reforms...with little to no electin losses...and a residential win in the next election in 2000..


36 posted on 12/21/2012 9:21:46 PM PST by ilgipper (Obama supporters are comprised of the uninformed & the ill-informed)
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To: vikingd00d

It’s plan A. Again. Looks like we’re jumping next week.


37 posted on 12/21/2012 10:39:13 PM PST by SueRae (It isn't over. In God We Trust.)
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To: ColdOne

The House should pass nothing promoted by the administration. Every Republican Representative should send a letter to their constituents. Tell them that elections have consequences, and that THEY elected Democrat Senators and Obama. Now their taxes are going up. If they want lower taxes and reduced spending they must get rid of the party of tax and spend.


38 posted on 12/22/2012 8:07:07 AM PST by calico_thompson
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To: AFPhys

AMEN


39 posted on 12/22/2012 8:10:07 AM PST by calico_thompson
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To: Revolting cat!

40 posted on 12/22/2012 10:03:27 AM PST by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: a fool in paradise

This is probably an obvious question (apologies), but is there any way for a person like myself (average 9-5 worker) to estimate how much more going over the fiscal cliff will cost on a monthly basis?


41 posted on 12/23/2012 6:10:00 AM PST by freepertoo
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To: ColdOne

IT’S BEGINNING TO LOOK A LOT LIKE ARMAGEDDON

It’s beginning to look a lot like Armageddon
Bama’s still squatting in the White Hut;
Uses a teleprompter so well, it’s Jarrett can’t you tell
Soros and globalists like the show.

It’s beginning to look a lot like Armageddon
Hurtling over the fiscal cliff;
Michelle’s spending all she can, while still blaming the white man
Liberal fascism for sure.

Well there’s commies n muzzies n Benghazi but no worries
says the propaganda press ministry of spin;

Ayers n Davis Black Panthers n Operation Furious
Solyndra don’t forget Cloward Piven;

And the ruling class of corrupt Congress hacks are giddy all over again.

It’s beginning to look a lot like Armageddon
Bama’s still squatting in the White Hut;
No birth documents to show, the Usurpers gotta go
Reggie Love is waiting under the mistletoe (oh no!).

It’s beginning to look a lot like Armageddon
ObambiCare they say is the “law of the land”;
Justice Roberts violated his oath, Barry Soetoro still smokes
And our troops keep dying in ‘Stan.


42 posted on 12/24/2012 5:08:24 PM PST by TheBigJ
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