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Tue Nov 13, 2012, 05:34 PM

"I'm not going to budge".. President Obama

<snip>
"I am not going to budge," he told the group, according to an attendee who relayed material from the meeting on condition of anonymity. "I said in 2010 that I'm going to do this once, and I meant it."

<snip>
How the president plans to effect that outcome is still unclear. Top Democrats in the Senate have said they would be comfortable letting all the tax rates expire -- as they are scheduled to do -- at the end of the year, after which they will put together a tax cut bill that would re-establish the Bush-era rates for incomes below $250,000.

Several sources at the meeting said the president was, as one noted, "more nuanced than going off the cliff." Obama hopes to place "maximum pressure on House Republicans so at the end of the day he may be able to budge them," the source added.

"It seemed like he meant it," the first source said. "That suggests that they are ready to go over the ledge."



http://www.huffingtonpost.com/2012/11/13/obama-bush-tax-cuts_n_2124324.html

23 replies, 2260 views

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Arrow 23 replies Author Time Post
Reply "I'm not going to budge".. President Obama (Original post)
kentuck Nov 2012 OP
leftstreet Nov 2012 #1
villager Nov 2012 #3
leveymg Nov 2012 #2
sabrina 1 Nov 2012 #4
Liberalynn Nov 2012 #5
leveymg Nov 2012 #7
WorseBeforeBetter Nov 2012 #20
Poll_Blind Nov 2012 #6
gateley Nov 2012 #13
Blanks Nov 2012 #15
gateley Nov 2012 #18
Blanks Nov 2012 #21
gateley Nov 2012 #22
Autumn Nov 2012 #17
julian09 Nov 2012 #14
1StrongBlackMan Nov 2012 #8
kentuck Nov 2012 #9
msongs Nov 2012 #10
1StrongBlackMan Nov 2012 #11
kentuck Nov 2012 #19
1StrongBlackMan Nov 2012 #23
Cha Nov 2012 #12
Autumn Nov 2012 #16

Response to kentuck (Original post)

Tue Nov 13, 2012, 05:36 PM

1. Awesome! Just like with the Public Option

Yay!

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Response to leftstreet (Reply #1)

Tue Nov 13, 2012, 05:38 PM

3. And the 4th Amendment?


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Response to kentuck (Original post)

Tue Nov 13, 2012, 05:37 PM

2. Reasons to be cheerful?

It's about time he stopped being squishy nice to the Worst Bastards in the World.

We'll see what happens.

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Response to leveymg (Reply #2)

Tue Nov 13, 2012, 05:38 PM

4. So long as he doesn't trade cuts to Social Programs to 'budge them' with.

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Response to sabrina 1 (Reply #4)

Tue Nov 13, 2012, 05:39 PM

5. Amen

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Response to sabrina 1 (Reply #4)

Tue Nov 13, 2012, 05:42 PM

7. Or put all his chips on the table with the first bet.

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Response to sabrina 1 (Reply #4)

Tue Nov 13, 2012, 10:28 PM

20. Exactly... that's what's making me nervous. (n/t)

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Response to kentuck (Original post)

Tue Nov 13, 2012, 05:42 PM

6. Buried 12 paragraphs in:

Carney also left the door open to the idea of raising the threshold for extending the Bush-era tax cuts to $500,000 or $1 million. Obama drew the line at $250,000 in his proposal.


That's much closer to the truth. Schumer will make sure of it.

PB

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Response to Poll_Blind (Reply #6)

Tue Nov 13, 2012, 06:30 PM

13. I'm okay with the half-or-one mil. I actually thought $1 mil would be easier to

sell to the electorate.

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Response to gateley (Reply #13)

Tue Nov 13, 2012, 08:37 PM

15. It needs to go up again at half-million...

and again at a million until it gets up to around 90%.

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Response to Blanks (Reply #15)

Tue Nov 13, 2012, 09:47 PM

18. I don't think anybody should have to pay 90%.

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Response to gateley (Reply #18)

Tue Nov 13, 2012, 10:29 PM

21. You don't pay 90% on the entire income.

Only on the income over that amount. We need to go back to the tax rates we had during the Eisenhower administration. Top marginal tax rate of 91%.

Adjusted for inflation obviously, but the high tax rates discourage hoarding money.

We aren't going to get there in the next four years, but that is only because so many right-wingers need to understand that we once had a 91% tax bracket and it coincided with a period of excellent economic growth.

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Response to Blanks (Reply #21)

Tue Nov 13, 2012, 10:37 PM

22. That seems more palatable. I didn't realize that it was just over a certain amount. When I'd

see reference to that 90% rate, I'd always feel it was unfair. Thanks for setting me straight!

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Response to gateley (Reply #13)

Tue Nov 13, 2012, 08:47 PM

17. You know only about 15 percent of all households in America

fall into the millionaire category. They have had enough tax breaks.

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Response to Poll_Blind (Reply #6)

Tue Nov 13, 2012, 07:37 PM

14. Schumer has Wall Street as his constituants, so he is for higher limits, he is not worried about

 

the others. He feels that NYC is expensive to live in as are suburbs. I could go $350 to $450 thousand but one mill is too high, defeats purpose of tax increase. Actually being back to Clinton tax era, where everyone did well is ok, so Obama should stick to the $250,000.

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Response to kentuck (Original post)

Tue Nov 13, 2012, 05:43 PM

8. One question ...

Top Democrats in the Senate have said they would be comfortable letting all the tax rates expire -- as they are scheduled to do -- at the end of the year, after which they will put together a tax cut bill that would re-establish the Bush-era rates for incomes below $250,000.


Why wait? Wouldn't it make more sense to push the Bill that has already passed the Senate; but was rejected by the House?

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Response to 1StrongBlackMan (Reply #8)

Tue Nov 13, 2012, 05:49 PM

9. Why wait??

Because the Repubs will do nothing until they see that the Democrats are serious? Wouldn't it make more sense for the Repubs to see that nothing is going to get done until after the first of the year? At that time, the President can negotiate for more for the Defense Dept if they agree to a tax cut for the middle class. Now is not the time to negotiate, in my opinion. Because the Repubs have not proved themselves as worthy negotiating partners.

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Response to kentuck (Reply #9)

Tue Nov 13, 2012, 05:55 PM

10. exactly, wait til the new and more liberal congress is sworn in. weak to negotiate now nt

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Response to kentuck (Reply #9)

Tue Nov 13, 2012, 05:58 PM

11. I disagree ...

While I agree the modern gop will do nothing until they see the Democrats mean business; that IS the modern gop's nature ... But pushing the Senate Bill, and being rebuffed, will actually strengthen the Democratic bargining position; because once again, the American People will see, on a daily basis, that the Democrats have offered a reasonable plan that directly affects 97% of Americans and 98% of small businesses ... thereby highlighting whom the modern gop is holding out for.

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Response to 1StrongBlackMan (Reply #11)

Tue Nov 13, 2012, 09:58 PM

19. I hope this is the final position of the President.

I hope he doesn't raise the top limit to $500K or $1million dollars. That would seem very conservative to me. It would do nothing about the deficit and would only permit the GOP to continue to gut the social fabric of this country.

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Response to kentuck (Reply #19)

Wed Nov 14, 2012, 10:09 AM

23. I doubt ...

it will be, nor should it be, President Obama's final position. Rather, I expect this to be his openning position, since it is already on the table and it resolves the "fiscal-cliff" problem for 97% of the people and 98% of small businesses. This is something that the people can see and understand, as reasonable.

I agre that I would not like to see any final deal that raises the top limit above $250,000; but I would need to see what else is in the rest of the deal. That said, I would lose any sleep if the top limit were raised, if it were necessary to do the deal ... so long as medicare/medicaid and SS were left untouched.

BTW: just curious ... Have you ever participated in the negotiation of any "high-stakes" contract/deals, e.g., union contract?

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Response to kentuck (Original post)

Tue Nov 13, 2012, 06:05 PM

12. Of course.

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Response to kentuck (Original post)

Tue Nov 13, 2012, 08:40 PM

16. Hell yes, take it to those bastards

They have done nothing but fight him every step of the way. let them go over the cliff and my president can stand there and laugh.

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