Skip to comments.Obama to seek one-year extension for some of Bush tax cuts
Posted on 07/08/2012 10:46:10 PM PDT by Innovative
President Barack Obama will call on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year, according to a White House official, seeking to spare the economy the impact of taxes going up on January 1.
Obama, a Democrat, will make the request in a statement at the White House, said the official, who spoke on condition of anonymity. Republicans in Congress, however, are unlikely to be swayed, as they have consistently argued that the Bush tax cuts should be extended for everyone.
(Excerpt) Read more at reuters.com ...
Of course once he is reelected, it's for four years, so he'll just wait a year to raise your taxes.
Send it to him along with a permanant reversal of the obamacare taxes.
Well he is getting desperate but its another election ploy to pick a fight with the house GOP, they want them all extended, he wants to make it look like he’s helping the poor, of course his base will go apoplectic because the idea of any of Bush’s tax cuts getting extended is like swallowing poison to them.
Obama Poised for New Fight With G.O.P. Over Tax Cuts
“Mr. Obama plans to make his announcement in the Rose Garden on Monday, senior administration officials said.
The White House hopes to squeeze maximum political mileage out of the Rose Garden event, surrounding Mr. Obama with families and workers who would benefit from the extension.
House Republicans plan to vote this month to extend permanently all of the Bush tax cuts...”
According to Barry the private sector is “doing just fine” so the tax cuts can stay. /s
The first question any reporter asking the President any question about his “fair share” tax strategy is whether or not his family has been paying their own “fair share” of taxes since he’s been president. His family makes more than 250k in a year, it is quite easy to pay into the national treasury over what you are required to pay... Is he leading with his own fair share, and if not, how much more will he contribute?
well Obama’s last fight over tax cuts worked so well for him...not. He never learns.
I’ll betcha that had Obamacare been overturned he’d not take this position. The Bush tax cuts STILL will not compensate for the over 20 new Obamacare taxes. The media will spin this is ‘compromise’ and ‘he’s leaning right!’. LOL
I know it makes for very effective anti Obama advertising, but I think he was referring to the business sector which has large amounts of money sitting uninvested, not private individuals who are still needing fuller employment.
Obama is a Democrat? I am so glad some journalist finally informed the American public.
He did this in 2010, and lost.
Its just a big ol game of 3 card monte with this ***hole
Yes., He keeps dishing up for us his Same Old Sh*t to keep the economy depressed while pretending to help the poor people.
Does Kenya give refunds?
He's a Marxist wannabe dictator, but the media wants people to think he's "mainstream".
If no tax increase is necessary to “spare the economy”, why not for all incomes?
Is Obama gonna sacrifice the economy of all America just for his ‘fairness’ B.S.?
Great attention should be drawn to the fact that Obamugabe’s “successes”, as seen by the general public, are by and large EXTENSIONS OF BUSH POLICIES:
a. seek and kill UBL.
b. keep GITMO open.
c. extend “Bush tax cuts”.
Whenever the prompter reading man-child veers from these policies, the public doesn’t care for them.
Another free commercial for Obamugabe from the Rose Garden this morning.
Will the networks comply and bury their nose further up his butt?
LOL...So it can be said that Obama’s only successes are Bush’s fault?