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Wed Jun 6, 2012, 07:38 PM

Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period

Source: Huffington Post

Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period

ABOARD AIR FORCE ONE -- The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans – even temporarily.

Obama spokesman Jay Carney said the president has been clear in his opposition to extending tax cuts for households with annual incomes above $250,000.

.............

Carney's stand came after former President Bill Clinton caused a political headache for the White House by suggesting in an interview that tax cuts for people of all incomes – including the rich – should be extended into 2013 to avoid economic harm and allow time for a broader fiscal deal.

Pressed directly on whether Obama would support a temporary extension, Carney said: "He will not. Could I be more clear?

Read more: http://www.huffingtonpost.com/2012/06/06/obama-bush-tax-cuts-will-_n_1574165.html

53 replies, 6096 views

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Arrow 53 replies Author Time Post
Reply Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period (Original post)
kpete Jun 2012 OP
JNelson6563 Jun 2012 #1
Sekhmets Daughter Jun 2012 #2
awoke_in_2003 Jun 2012 #18
Sekhmets Daughter Jun 2012 #24
dkf Jun 2012 #3
Dragonfli Jun 2012 #27
robinlynne Jun 2012 #35
dkf Jun 2012 #40
JDPriestly Jun 2012 #41
wordpix Jun 2012 #49
OhioVoter Jun 2012 #4
COLGATE4 Jun 2012 #5
tridim Jun 2012 #6
Rosa Luxemburg Jun 2012 #7
Tansy_Gold Jun 2012 #8
Dragonfli Jun 2012 #14
still_one Jun 2012 #9
savannah43 Jun 2012 #17
still_one Jun 2012 #47
rhett o rick Jun 2012 #10
Skittles Jun 2012 #11
KoKo Jun 2012 #12
Dragonfli Jun 2012 #13
Iliyah Jun 2012 #15
savannah43 Jun 2012 #16
woo me with science Jun 2012 #37
samplegirl Jun 2012 #19
wwytchwood Jun 2012 #20
calimary Jun 2012 #21
harun Jun 2012 #22
woo me with science Jun 2012 #23
rocktivity Jun 2012 #26
Magoo48 Jun 2012 #25
bulloney Jun 2012 #28
boppers Jun 2012 #29
freshwest Jun 2012 #30
Myrina Jun 2012 #31
ejbr Jun 2012 #32
doc03 Jun 2012 #33
TahitiNut Jun 2012 #34
progressoid Jun 2012 #44
Rhiannon12866 Jun 2012 #36
SHRED Jun 2012 #38
kath Jun 2012 #42
woo me with science Jun 2012 #48
wordpix Jun 2012 #50
GOTV Jun 2012 #39
bvar22 Jun 2012 #43
GrantDem Jun 2012 #45
MLKJrInspired Jun 2012 #53
SunSeeker Jun 2012 #46
Autumn Jun 2012 #51
KansDem Jun 2012 #52

Response to kpete (Original post)

Wed Jun 6, 2012, 07:41 PM

1. Bill, bad news fore you and your buddies.

As my loving mother would have said: Tough shit.

Julie

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:42 PM

2. I sure wouldn't make book

on that.

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Response to Sekhmets Daughter (Reply #2)

Wed Jun 6, 2012, 08:54 PM

18. I wonder what the over/under...

Last edited Wed Jun 6, 2012, 08:55 PM USA/ET - Edit history (1)

is on the amount of days before congressional democrats fold like cheap suits.

on edit: welcome to DU

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Response to awoke_in_2003 (Reply #18)

Wed Jun 6, 2012, 09:25 PM

24. Thanks

everyone is so welcoming....

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:48 PM

3. Guess he is ending all the Bush cuts then.

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Response to dkf (Reply #3)

Wed Jun 6, 2012, 09:37 PM

27. They should have all ended in 2009, yea all of them, they were so lopsided that ending them

that way combined with a payroll tax holiday (one repaid in full to the SS TF of course).
Would have fixed the actual budget crises without having to create the SS grabbing, top tax rate cutting "broadening the base" circus that was the simpson/bowles fiasco.

Such an approach would have lessened, not increased the wealth disparity we currently SO enjoy.

Still not to late to employ such sanity
rather than the insanity repeatedly put forth to one degree or other from both parties.

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Response to Dragonfli (Reply #27)

Thu Jun 7, 2012, 12:21 AM

35. Thank-you.

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Response to Dragonfli (Reply #27)

Thu Jun 7, 2012, 12:45 PM

40. I think so too but I wonder if people are ready to pay more taxes.

The "marriage penalty" wil reappear the chunk of the child tax credit will disappear, rates on capital gains and income will increase as will tax rates in general.

Americans will need to cut back spending. But that is the way it is.

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Response to dkf (Reply #40)

Thu Jun 7, 2012, 03:00 PM

41. Well, the Republicans want austerity.

This spreads the austerity. The Republicans only wanted to impose it on the old, the very young, the poor, the lower middle class.

This spreads it across the board. If they don't want to do away with all the tax cuts, let the Republicans negotiate some alternative to protect middle class tax cuts.

Of course they won't. They don't care about the middle class or the poor.

All the tax cuts have to go, including those on capital gains. They should revert back to what they were before the Bush tax cuts.

If we want to make taxation fairer, we can tweak the tax code after that.

But right now, the rich are walking away with too large a share of the wealth of the nation, and the Bush tax cuts are part of the reason.

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Response to dkf (Reply #40)

Sun Jun 10, 2012, 11:20 AM

49. one idea being floated is no tax on first $20K of income

sounds good to me.

I believe I heard that idea from O himself

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:48 PM

4. Haven't we heard this before?

Last edited Wed Jun 6, 2012, 07:49 PM USA/ET - Edit history (1)

"Don't call my bluff, Eric". Why does he repeatedly insist on painting himself into a corner when everyone knows he's going to cave?

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:48 PM

5. No. Period. Never. Game over. Nada. Zip.

Until he changes his mind (again)...

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:55 PM

6. That is the winning message. nt

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:56 PM

7. The more you earn the more you pay

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:56 PM

8. Wait a minute!

Didn't those expire at the end of 2009?

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Response to Tansy_Gold (Reply #8)

Wed Jun 6, 2012, 08:39 PM

14. Yes they did, all that are left are the Obama tax cuts, and I have as much faith in them expiring as

I do in my growing a third arm. Possible perhaps if the odds are astronomical, but as unlikely as winning all the lotteries at once.

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Response to kpete (Original post)

Wed Jun 6, 2012, 07:58 PM

9. it was because of bill clinton and his policies that the Democratic party lost its way /nt

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Response to still_one (Reply #9)

Wed Jun 6, 2012, 08:50 PM

17. Dear Hillary: Please shut him up.

Thank you in advance.

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Response to savannah43 (Reply #17)

Sun Jun 10, 2012, 10:06 AM

47. She could not control him during her campaign. /nt

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Response to kpete (Original post)

Wed Jun 6, 2012, 08:03 PM

10. Unless the Repubs can find something to force him like last time. nm

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Response to kpete (Original post)

Wed Jun 6, 2012, 08:21 PM

11. actually that's five periods, followed by "UNLESS"

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Response to kpete (Original post)

Wed Jun 6, 2012, 08:23 PM

12. Well....we shall see how it all pans out. Sounds Good, though....but, we shall see...n/t

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Response to kpete (Original post)

Wed Jun 6, 2012, 08:35 PM

13. Do you really buy that shite a SECOND time? I learn from experience myself. /nt

Last edited Wed Jun 6, 2012, 09:25 PM USA/ET - Edit history (1)

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Response to kpete (Original post)

Wed Jun 6, 2012, 08:41 PM

15. And the goppers will let

College rates go up, the Supreme Court will overturn health care, VVC against women will fall to the wrist side, equal pay for women - nada, probing vagina are their number issue besides tax cuts for the very rich.

Goppers not trying to create jobs nor help the American ecomony.

If Pres O stand his ground, goppers will have to do something, and we all know what that is.

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Response to kpete (Original post)

Wed Jun 6, 2012, 08:48 PM

16. Will the SS fund be repaid now?

Huh?

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Response to savannah43 (Reply #16)

Thu Jun 7, 2012, 06:43 AM

37. HA HA HA HA HA HAHA HA HA HA HA HA HA HAHA HA

Oh my!

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Response to kpete (Original post)

Wed Jun 6, 2012, 08:56 PM

19. That reaching across didn't work out so well.

Time to play hardball with these assholes!

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Response to kpete (Original post)

Wed Jun 6, 2012, 09:10 PM

20. the smart money is

 

Obama caves

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Response to kpete (Original post)

Wed Jun 6, 2012, 09:10 PM

21. Yeah. Sure.

Last edited Wed Jun 6, 2012, 09:11 PM USA/ET - Edit history (1)

Whatever you say.

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Response to kpete (Original post)

Wed Jun 6, 2012, 09:21 PM

22. I don't believe it at all. He'll cave.

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Response to kpete (Original post)

Wed Jun 6, 2012, 09:23 PM

23. ...

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Response to woo me with science (Reply #23)

Wed Jun 6, 2012, 09:37 PM

26. DUzy candidate!


rocktivity

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Response to kpete (Original post)

Wed Jun 6, 2012, 09:26 PM

25. One can only hope that he follows thru.....

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Response to kpete (Original post)

Wed Jun 6, 2012, 09:41 PM

28. Translation: The tax cuts will be extended indefinitely in 3...2...1

Four years ago we heard Obama talk this way across the country. Spoke like a real populist who's going to end this nonsense of attacking countries that accomplishes nothing but funnels money into the MIC's pockets and creates more terrorists bent on harming us. We were going to see the end of business as we know it in Washington. The fundamental causes of the Great Recession on Wall Street are still in place and we are seeing a continued effort to eliminate the safety nets that would have made the Great Recession into the Great Depression II had they not been in place. We saw an extension of the Bush tax cuts that are the leading cause of our federal deficit.

We're seeing the obscenely rich get richer faster at the expense of the middle and lower classes.

So, you'll have to pardon me if I seem skeptical.

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Response to kpete (Original post)

Wed Jun 6, 2012, 10:05 PM

29. HuffPo lies in a headline. Again. Imagine that.

The article does not support the headline.

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Response to kpete (Original post)

Wed Jun 6, 2012, 10:08 PM

30. The battle will be on between now and November. The Koch brothers promised. They created the Teabag

Movement to stop the Bush tax cuts from expiring, put their stooges in to threaten everything from UE to SS to Obamacare. Now a lot of those people are off UE one way or the other. Obama has ignored the GOP's next wet dream, war with Iran.

Geithner already threatened the GOP regarding their actions in May; Obama has been quoted saying September will be a crucial month. We've got our work cut out for us. Don't forget, there'll be another GOP October surprise, following a long, hot summer of politics.

Just my humble opinion. N/T

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Response to kpete (Original post)

Wed Jun 6, 2012, 10:15 PM

31. Right. And what was that he said in his Inaugural Address .. 'we don't torture'?

I'll believe it when I see it, sir.

Yawn. More promises. More bullshit.

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Response to kpete (Original post)

Wed Jun 6, 2012, 10:21 PM

32. Obama, Obama, Obama...

Fool me once, shame on you. Fool me twice...well, you'll never fool me again.

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Response to kpete (Original post)

Wed Jun 6, 2012, 10:28 PM

33. Haven't we heard that before? n/t

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Response to kpete (Original post)

Wed Jun 6, 2012, 10:32 PM

34. Well ...


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Response to TahitiNut (Reply #34)

Thu Jun 7, 2012, 05:15 PM

44. Yup. n/t

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Response to kpete (Original post)

Thu Jun 7, 2012, 01:16 AM

36. K&R! About time!

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Response to kpete (Original post)

Thu Jun 7, 2012, 08:52 AM

38. "Any plan I sign must include an insurance exchange...including a public option"

ny plan I sign must include an insurance exchange: a one-stop shopping marketplace where you can compare the benefits, cost and track records of a variety of plans - including a public option to increase competition and keep insurance companies honest - and choose what's best for your family.

http://tpmdc.talkingpointsmemo.com/2009/07/obama-demands-the-bill-i-sign-must-include-public-option.php

---


I will believe him when he does it and not just say it.

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Response to SHRED (Reply #38)

Thu Jun 7, 2012, 03:52 PM

42. You beat me to it - that was the very first thing that came to mind when I read the title of this

thread.

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Response to SHRED (Reply #38)

Sun Jun 10, 2012, 11:04 AM

48. Thank you. nt

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Response to SHRED (Reply #38)

Sun Jun 10, 2012, 11:28 AM

50. just remember the t-baggers were voted in 2010 - this failure is not all O's fault

I do think he's not using his bully pulpit enough to convince the electorate of his stand on things like the public option and energy independence via wind, solar and biofuels. He doesn't fight enough and his power of persuasion has been weak.

He needs to FIGHT but maybe being in the cushy bubble of the presidency is causing him a skewed view of the world. He should take a trip to Anacostia, which is all of a 10 min. drive from him in DC, to remind himself how some people are living, including little kids.

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Response to kpete (Original post)

Thu Jun 7, 2012, 11:09 AM

39. Saying it is almost as good as doing it!

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Response to kpete (Original post)

Thu Jun 7, 2012, 04:44 PM

43. Yeah, yeah. Heard all this before....

...and Nafta will be renegotiated,
GM food will be labeled,
and "EFCA will be the law of the land."


You will know them by their WORKS,
not by their excuses.
Solidarity99!
--------------------------------------------------------------------------------------------------------------------------------

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Response to kpete (Original post)

Thu Jun 7, 2012, 09:35 PM

45. Sounds familiar...

We'll see.

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Response to GrantDem (Reply #45)

Sun Jun 10, 2012, 02:36 PM

53. Exactly

... and much as I have my problems with him, hopefully Obama will be around long enough for us to find out how serious he is.

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Response to kpete (Original post)

Fri Jun 8, 2012, 12:59 AM

46. "You've got to stand for something or you'll go for anything."

Please keep that in mind, my dear President. Because I REALLY want you re-elected.

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Response to kpete (Original post)

Sun Jun 10, 2012, 11:46 AM

51. Bush's tax cuts ended in 2009 if I remember correctly .

They became Obama's tax cuts for the wealthy when he extended them in his unemployment deal.

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Response to kpete (Original post)

Sun Jun 10, 2012, 02:23 PM

52. we'll see...

we'll see...

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