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Tue Dec 18, 2012, 06:44 AM

Obama Concessions Signal Potential Bipartisan Budget Deal

http://www.bloomberg.com/news/2012-12-18/obama-concessions-signal-potential-bipartisan-budget-deal.html

President Barack Obama lowered his tax revenue demand by $200 billion and offered to start tax rate increases at $400,000 in income instead of $250,000, moving closer to a budget deal with House Speaker John Boehner.

Obama’s revised plan would raise $1.2 trillion in taxes in the next decade and cut $1.22 trillion in spending, said a person familiar with the talks. Obama wants a large enough debt ceiling increase for the next two years and would accept a new inflation yardstick that would reduce Social Security cost-of- living increases, said the person, who sought anonymity.

Boehner and Majority Leader Eric Cantor will give House Republicans an update on the negotiations today, said a leadership aide who requested anonymity to discuss the plans.

Boehner’s office rejected the offer late yesterday, and the intensifying talks could collapse. Still, a deal about halfway between the most recent offers could include $1 trillion each in tax increases and spending cuts and allow tax rates for top earners to rise in 2013.

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Response to xchrom (Original post)

Tue Dec 18, 2012, 06:50 AM

1. I would not have thoought that an increase of .017% would need cutting......

There is no reason to include this in any deal.
If true, I am done.
No hate, just recognizing pointless support.

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Response to djean111 (Reply #1)

Tue Dec 18, 2012, 07:01 AM

2. Me too, I give up

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Response to newfie11 (Reply #2)

Tue Dec 18, 2012, 07:09 AM

3. Me too, ridiculous...n/t

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Response to xchrom (Original post)

Tue Dec 18, 2012, 07:13 AM

4. then I hope the repubs remain stubborn and take us over the cliff

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Response to xchrom (Original post)

Tue Dec 18, 2012, 07:18 AM

5. Obama caves again....he has no backbone.

He Romneyed us..... told us what we want here and then does the opposite

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Response to bowens43 (Reply #5)

Tue Dec 18, 2012, 08:37 AM

9. And no heart.

 

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Response to bowens43 (Reply #5)

Tue Dec 18, 2012, 09:05 AM

12. Why do the Dems allow Obama to negotiate?

Nancy Pelosi should be at the table.

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Response to xchrom (Original post)

Tue Dec 18, 2012, 07:28 AM

6. Concessions. It's a traditional Christmas gift for Democrats.

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Response to xchrom (Original post)

Tue Dec 18, 2012, 07:29 AM

7. So then why not call Boehner's moves "concessions?"

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Response to xchrom (Original post)

Tue Dec 18, 2012, 07:58 AM

8. Bloomberg says this. So does Politico. So does the Wall Street Journal.

All based on an anonymous source. So, are they reporting news or trying to create it?

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Response to xchrom (Original post)

Tue Dec 18, 2012, 08:59 AM

10. I know this is going to go over poorly but screw voting democratic at this point.

I voted for Obama twice I vote democratic in every election and each time I get rewarded by more concessions and more Fuck offs by the democratic party. If I wanted Republican policies I would support a Republican

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Response to Arcanetrance (Reply #10)

Tue Dec 18, 2012, 09:02 AM

11. If something like this passes with control of Senate then there is no longer a Democratic party.

President Obama might as well switch to Republican if he signs it.

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Response to xchrom (Original post)


Response to Missouri Lad (Reply #13)

Tue Dec 18, 2012, 09:13 AM

15. Your assertion about "not having a father to learn from" is disgusting.

ETA: Thanks, jury! I was just coming back to alert on it if the posted hadn't changed the wording.

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Response to xchrom (Original post)

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