Obama Will Veto Super-Committee Plan That's All Medicare Cuts And No Tax Hikes

[Flaylo]

Obama Will Veto Super-Committee Plan That's All Medicare Cuts And No Tax Hikes

In addition to explaining what he would not sign into law, the president on Monday will also outline what his preferred deficit reduction methods during a speech on Monday. Of the $3 trillion-plus in reductions, $1.5 trillion would be made up of tax increases. That total includes $800 billion from letting the Bush tax cuts for earners above $250,000-a-year expired, and $700 billion by ending special interest breaks, deductions, exclusions, and through closing loopholes – reforms that the president has already said he wants done to pay for his jobs plan

Sounds good to me.

 

[Sarah G]

Obama Will Veto Super-Committee Plan That's All Medicare Cuts And No Tax Hikes

In addition to explaining what he would not sign into law, the president on Monday will also outline what his preferred deficit reduction methods during a speech on Monday. Of the $3 trillion-plus in reductions, $1.5 trillion would be made up of tax increases. That total includes $800 billion from letting the Bush tax cuts for earners above $250,000-a-year expired, and $700 billion by ending special interest breaks, deductions, exclusions, and through closing loopholes – reforms that the president has already said he wants done to pay for his jobs plan

Sounds good to me.

Good for him, it's what will work.

 

[OODA_Loop]

Lost me at tax the wealthy and well to do corporations.

 

[Stephanie]

Awww, well how nice of that Obama. HE WILL RAISE taxes on his people to pay for his VISIONS. How original.


And you lefties CHEER IT. what a bunch of dupes.

 

[DaGoose]

Awww, well how nice of that Obama. HE WILL RAISE taxes on his people to pay for his VISIONS. How original.


And you lefties CHEER IT. what a bunch of dupes.

Why not? The Bush tax cuts were not intended to be permanent anyway, right? Why else were they given a time limit?

I say let them expire. They do not create jobs and they add an enormous amount of debt that you and I are responsible for.

.

 

[Stephanie]

well....that was then, now is now..



[ame=http://www.youtube.com/watch?v=Q8erePM8V5U]President Obama's Pledge Never to Raise Taxes on Anyone Making Less Than $250,000 a Year - YouTube[/ame]

 

[DaGoose]

well....that was then, now is now..



President Obama's Pledge Never to Raise Taxes on Anyone Making Less Than $250,000 a Year - YouTube

And how does that contradict the OP?

That total includes $800 billion from letting the Bush tax cuts for earners above $250,000-a-year expire.......

.

 

[Stephanie]

[ame=http://www.youtube.com/watch?v=aufAtuTwKlE]FLASHBACK: Obama Says You Don't Raise Taxes In A Recession - YouTube[/ame]

 

[DaGoose]

FLASHBACK: Obama Says You Don't Raise Taxes In A Recession - YouTube

Well they haven't been creating jobs and making >250K they certainly don't NEED jobs so why not allow the tax cuts they've enjoyed for years expire?

I don't see a downside on this one.

.

 

[ba1614]

Lord help America, this useless prick is intent on sinking her..

 

[DaGoose]

FLASHBACK: Obama Says You Don't Raise Taxes In A Recession - YouTube

Well they haven't been creating jobs and making >250K they certainly don't NEED jobs so why not allow the tax cuts they've enjoyed for years expire?

I don't see a downside on this one.

.

Lord help America, this useless prick is intent on sinking her..

How? Bush gave the >250K crowd huge tax cuts to help create economic growth. And guess what? THE EXPERIMENT FAILED. Time to let them expire. They're doing more harm than good.

.

 

[editec]

Can't see how any of this is really going to help the economy in the short run.

And if things don't change in the short run, I cannot see how we can expect the longer run to be much better, either.

Raising taxes won't solve the employment picture.

And if the employment picture doesn't get better, then revenues to our governments aren't going to keep up with expenses.

So any gains the Federal government might get thanks to reduced debts, are going to be meaningless thanks to reduced revenues.

 

[CrusaderFrank]

Democrats = Party> Country

 

[Moonglow]

the word "if" was used, but nobody knows what the super committee is doing right now.

 

[WatertheTree]

Obama Will Veto Super-Committee Plan That's All Medicare Cuts And No Tax Hikes

In addition to explaining what he would not sign into law, the president on Monday will also outline what his preferred deficit reduction methods during a speech on Monday. Of the $3 trillion-plus in reductions, $1.5 trillion would be made up of tax increases. That total includes $800 billion from letting the Bush tax cuts for earners above $250,000-a-year expired, and $700 billion by ending special interest breaks, deductions, exclusions, and through closing loopholes – reforms that the president has already said he wants done to pay for his jobs plan

Sounds good to me.

This is a fine idea if we want to continue down the road of 'notworthashit socialism'. Not the freedom im craving.

doesnt matter though, Obama is a corporate lap dog, its just rhetoric and entertainment for the masses. Neocons will set the policy, same as everything else.

 

[NYcarbineer]

FLASHBACK: Obama Says You Don't Raise Taxes In A Recession - YouTube

People making 250,000 or more in taxable income aren't in a recession.

 

[NYcarbineer]

Let the Republicans force the process to the mandatory cuts phase,

then 1/2 the cuts have to come from Defense. That would be awesome.

 

[Full-Auto]

Let the Republicans force the process to the mandatory cuts phase,

then 1/2 the cuts have to come from Defense. That would be awesome.

Half of 1.5 trillion is?

The defense budget is what?

Our biggest expense will be interest payments.

 

[Avatar4321]

More evidence that Obama cares more about screwing the people than fixing the government.

 

[Oldstyle]

Can't see how any of this is really going to help the economy in the short run.

And if things don't change in the short run, I cannot see how we can expect the longer run to be much better, either.

Raising taxes won't solve the employment picture.

And if the employment picture doesn't get better, then revenues to our governments aren't going to keep up with expenses.

So any gains the Federal government might get thanks to reduced debts, are going to be meaningless thanks to reduced revenues.

It's nice to know there is at least one left of center poster here who is willing to look beyond the obvious politics at play and admit that while raising taxes on people making over $200,000 a year might feel good it's going to be counter productive to an economic recovery.

The rest of you? You need to sign up for a basic economics class.