Posted on 09/12/2011 2:29:46 PM PDT by Hunton Peck
WASHINGTON (AP) — In a sharp challenge to the GOP, President Barack Obama proposed paying for his costly new jobs plan Monday with tax hikes that Republicans have already rejected, and he accused them of political motives if they still refuse to go along.
"The only thing that's stopping it is politics," Obama declared.
The president's proposal drew criticism from House Speaker John Boehner, who'd previously responded in cautious but somewhat receptive tones to the $447 billion jobs plan made up of tax cuts and new spending that Obama first proposed in an address to Congress last Thursday.
"It would be fair to say this tax increase on job creators is the kind of proposal both parties have opposed in the past. We remain eager to work together on ways to support job growth, but this proposal doesn't appear to have been offered in that bipartisan spirit," Boehner spokesman Brendan Buck said.
The biggest piece of the payment plan would raise about $400 billion by eliminating certain deductions, including on charitable contributions, that can be claimed by wealthy taxpayers. Obama has proposed that in the past — to help pay for his health care overhaul, for example — and it's been shot down by Republican lawmakers along with some Democrats.
(Excerpt) Read more at centurylink.net ...
They all know his little bill is going in to file 13.
He’s posing for re-election.
Obama and Buffet are proof that the tax rates imposed on them is not collectable.
Obama paid 26%
Buffet paid 17%
Buffet owes taxes for each year beginning in 2002.
They don’t even pay the Bush rates.
The rich don’t live pay period to pay period. The can delay; defer income as they live off of other financial instruments.
We on the other hand, live pay day to pay day.
It’s us in the middle class who will have to cover this latest spending spree.
It’s us in the middle class who will have to cover this latest spending spree
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