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Wed Nov 14, 2012, 04:59 PM

Pres. Obama To Republicans: Tax Rates Will Rise Unless You Can Make Your Impossible Math Work

http://tpmdc.talkingpointsmemo.com/2012/11/obama-taxes-two-percent-loopholes.php?ref=fpa

President Obama is giving Republicans in Congress a tough assignment: If you don’t want marginal tax rates on top earners to go up, bring me an alternative way to raise $1 trillion in revenue without burdening the middle class.

Politically and mathematically speaking, it’s a nearly impossible task. And moreover, Obama said he won’t allow Republicans to use dubious conservative theories about tax cuts, or vague promises of future action, to meet it. But importantly, it’s also a way for him to enter negotiations with House Republicans without appearing to have closed himself off to any compromise.

“What I have told leaders privately as well as publicly is that we can not afford to extend the Bush tax cuts for the wealthy,” he told reporters at his first post-election press conference at the White House. “When it comes to the top two percent what I’m not going to do is extend further a tax cut for folks who don’t need it.”

(snip)
“It is very difficult to see how you make up that trillion dollars, if we are serious about deficit reduction, just by closing loopholes and deductions,” Obama cautioned. “The math tends not to work.”


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Reply Pres. Obama To Republicans: Tax Rates Will Rise Unless You Can Make Your Impossible Math Work (Original post)
cal04 Nov 2012 OP
RepublicansRZombies Nov 2012 #1
RepublicansRZombies Nov 2012 #2
RepublicansRZombies Nov 2012 #3

Response to cal04 (Original post)

Wed Nov 14, 2012, 05:03 PM

1. "The math tends not to work"

 

He's so nice, I can't imagine having that much patience with those morons.

Why he has to state the obvious, why this still won't get through to them...is anyone's guess.

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Response to cal04 (Original post)

Wed Nov 14, 2012, 05:17 PM

2. If he could just explain Eisenhower, Taxes and Responsibility at the next press conference...

 


Maybe if he just goes slowly with them, they will be able to follow along...

He seems like a really nice teacher, who should perhaps be a little firmer with the children because they have gotten out of control.

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Response to cal04 (Original post)

Wed Nov 14, 2012, 05:20 PM

3. DUers have some ideas for Republicans who want to cut spending

 

They want cuts- Let's make a list of acceptable cuts- Oil Subsidies (DUH!)
http://www.democraticunderground.com/10021816406

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