Your boy, Obama offers up Social Security cuts

Discussion in 'Politics' started by American Cowboy, Jul 8, 2011.

  1. American Cowboy

    American Cowboy BANNED

    May 12, 2011
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    Asked to comment, Boehner spokesman Michael Steel would say only that “there are no tax increases on the table.”

    Meanwhile, another senior Republican on Wednesday signaled a new openness to raising taxes— at least for selected special interests. House Majority Leader Eric Cantor (Va.) told reporters that he is now willing to consider Democratic demands to end tax breaks for corporations, hedge-fund managers and owners of corporate jets, so long as the final deal does not raise tax rates or overall federal tax collections.

    “If the president wants to talk loopholes, we’ll be glad to talk loopholes,” Cantor said at his weekly roundtable with reporters. “We’ve said all along that preferences in the code aren’t something that helps economic growth overall. But listen, we’re not for any proposal that increases taxes, and any type of discussion should be coupled with offsetting tax cuts somewhere else".

    Among the options for cutting taxes are a number of proposals that should appeal to Democrats, said Cantor spokesman Brad Dayspring. They include a White House proposal to temporarily reduce payroll taxes for employers, an idea aimed at propping up the sputtering economy. Democrats also routinely support an annual effort to restrain the alternative minimum tax, which would otherwise strike heavily at households in high-cost urban areas that tend to vote Democratic.

    In debt talks, Obama offers Social Security cuts - The Washington Post
    Last edited: Jul 8, 2011

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