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Sat Dec 15, 2012, 11:24 PM

White House won't accept new tax offer from Republican leader

Source: Chicago Tribune

President Barack Obama is not ready to accept a new offer from the Republican leader of the U.S. the House of Representatives to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late Saturday.

The shape and details of Boehner's offer were uncertain Saturday night, as was the exact reason the president was prepared to reject it.

The source said Obama sees the offer made on Friday by U.S. House Speaker John Boehner as a sign of progress, but simply believes it is not enough and there is much more to be worked out before Obama can reciprocate.

Tax rates and entitlements are the two most difficult issues in the so-far unproductive negotiations to avert the "fiscal cliff" of steep tax hikes and spending cuts set for the new year unless Congress and the president reach a deal to avoid them.

Read more: http://www.chicagotribune.com/news/sns-rt-us-usa-fiscal-republicansbre8be0an-20121215,0,5571782.story



http://www.reuters.com/article/2012/12/16/us-usa-fiscal-republicans-idUSBRE8BE0AN20121216
White House won't accept new tax offer from Republican leader

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Reply White House won't accept new tax offer from Republican leader (Original post)
cal04 Dec 2012 OP
bluestateguy Dec 2012 #1
liberalmike27 Dec 2012 #18
liberalmike27 Dec 2012 #19
democrattotheend Dec 2012 #2
cstanleytech Dec 2012 #3
freshwest Dec 2012 #5
putitinD Dec 2012 #4
jtuck004 Dec 2012 #6
Historic NY Dec 2012 #7
PSPS Dec 2012 #8
adieu Dec 2012 #13
Cha Dec 2012 #9
KILL THE WISE ONE Dec 2012 #10
Drunken Irishman Dec 2012 #12
OldRedneck Dec 2012 #11
aquart Dec 2012 #14
John2 Dec 2012 #15
Judi Lynn Dec 2012 #16
Dalai_1 Dec 2012 #17
Angry Dragon Dec 2012 #20

Response to cal04 (Original post)

Sat Dec 15, 2012, 11:29 PM

1. I'm sensing growing testicles

Wait, that came wrong.

Well, you know what I mean.

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Response to bluestateguy (Reply #1)

Sun Dec 16, 2012, 10:38 AM

18. Just to Get a Sense of Perspective

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Response to liberalmike27 (Reply #18)

Sun Dec 16, 2012, 10:43 AM

19. Check out

1921, or 1933, to name two. Look at the rates between 1940 and 1960.

Look at how many tax brackets there are, compared to the few we have now. Observe how tax rates continued to rise, rather than stop at a pretty low amount, $380000.

Look at how much higher capital gains rates have historically been, taxes basically on the rich, on old money.

And check out how low the rate were just before the last depression, just like they were low before this depression. Correlation? Good chance redistribution keeps us from going into depression, it seems, and low taxes for the rich seems to push us into depressions.

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Response to cal04 (Original post)

Sat Dec 15, 2012, 11:39 PM

2. Good job, Mr. President. Do not give in!

Do not take any deal that does not raise a significant amount of revenue, minimize program cuts to the greatest extent possible, and take away the Republicans' ability to play football with the debt ceiling.

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Response to democrattotheend (Reply #2)

Sat Dec 15, 2012, 11:52 PM

3. Agreed. The fact is the time has come for the republicans to put up a real offer

now that they lost, either that or they can continue on this course and watch as their party loses a massive number of seats in the midterm elections all because they keep insisting on defending tax cuts for the wealthy that totally failed at helping the majority of the nation.

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Response to cstanleytech (Reply #3)

Sun Dec 16, 2012, 12:16 AM

5. +1

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Response to cal04 (Original post)

Sun Dec 16, 2012, 12:09 AM

4. the top 1% has gotten a free ride long enough, while we paid their way, now its their turn

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Response to cal04 (Original post)

Sun Dec 16, 2012, 12:27 AM

6. You see, John B., this is what happens when you fuck with the ghost of Christmas Present. n/t

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Response to jtuck004 (Reply #6)

Sun Dec 16, 2012, 01:10 AM

7. Christmas past bites him in the arse.

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Response to cal04 (Original post)

Sun Dec 16, 2012, 01:23 AM

8. "steep tax hikes?"

Tax rates and entitlements are the two most difficult issues in the so-far unproductive negotiations to avert the "fiscal cliff" of steep tax hikes and spending cuts set for the new year unless Congress and the president reach a deal to avoid them.

Billionaires having to pay a whopping 3% extra, and only on income in the highest bracket, is now officially a "steep tax hike" according to this stenographer "reporter."

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Response to PSPS (Reply #8)

Sun Dec 16, 2012, 02:43 AM

13. No kidding

a steep tax hike for the 1%'ers should be a 10 point bump, and for the 0.1%'ers, a 25 point bump.

And for Boehner and the rest of the GOP: all cuts come from the Dept of Defense.

/Don't know what to cut from the Dept of Defense? Study it out.

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Response to cal04 (Original post)

Sun Dec 16, 2012, 01:29 AM

9. Thanks cal04

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Response to cal04 (Original post)

Sun Dec 16, 2012, 01:30 AM

10. If going off the cliff means a millionaire has to pay a tax rate >= mine, lets go off the cliff

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Response to KILL THE WISE ONE (Reply #10)

Sun Dec 16, 2012, 02:04 AM

12. We just hope that's all it means...

I don't think anyone really knows what will happen if we go off the cliff. I don't think it'll be as bad as they're saying (maybe a two quarter recession) - but with our luck, it'll plunge the economy back into 2009-levels.

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Response to cal04 (Original post)

Sun Dec 16, 2012, 01:32 AM

11. Hang tuff, Mr. President, hang tuff!!!

Make Boner crawl and beg . . . then kick dirt in his face!!!

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Response to OldRedneck (Reply #11)

Sun Dec 16, 2012, 03:45 AM

14. It's cruel to enjoy that image.

I'm cruel.

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Response to cal04 (Original post)

Sun Dec 16, 2012, 04:46 AM

15. There is

 

one other option if they both don't come to a Deal. Let the country go off the Cliff and let the people decide what they want. The sequestrian cuts do represent a Deficit cutting Deal, although nobody likes it. It will be the same medicine if one or the other side got their way anyway.

The sequestrian cuts will slice the military significantly and the U.S. would have to reduce their commits overseas, plus reduce bases in a lot of states. That will hurt the Districts of a lot of red states. The Administration gets to pick the base closing unless some Republicans want to make a Deal with the President.

Taxes will go up on everyone, unless the Republicans want to make a Deal to cut some taxes, but you will get a lot of revenues in the meantime. The country according to them will go into recession again but only for a short time.

All it will do is let the public decide if they want to get rid of Social Security, Medicare,and Medicaid, if the Republicans will honesty run on that platform and quit lying in the Election. The Democrats can run on not cutting those programs and let the country decide. President Obama doesn't have to make the choice. He should move on to other issues like immigration for the rest of his term. The Fiscal cuts already gives him the authority to leave Afghanistan because of military cuts.

If thy did what Boehner wants, it will hurt the country, the same as the sequestrian cuts in but just spending on what he calls wasteful. His cuts would increase poverty and slash public Federal jobs while giving the wealthy more welfare. It will also keep the military spending at a high level. So he wants revenue off the backs of the middle class and poor.

President Obama wants it off the wealthy, while protecting the middleclass and poor. His plan is more responsible as is. So no matter what you do, somebody will feel the pain, it is just a matter who will. The sequestrian does both, only it will hurt the republicans more because of increased taxes and less military spending. The Democrats will only feel the pain with increased unemployment for a few months and increased poverty for those out of work without Government assistance, unless the States decide to provide for their citizens out of work. Social Security,Medicare and Medicaid would remain the same with the sequestrian cuts also because it doesn't affect those.

So, he can do just nothing, and let voters decide in 2014 or 2016 which party they want if the Republicans just man up and quit lying in Elections what they want to cut. Apparently both Parties disagree. The Democrats are for maintaining Social Security, Medicare and Medicaid and the Repukes want to get rid of them, plain and simple.

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Response to cal04 (Original post)

Sun Dec 16, 2012, 05:37 AM

16. Kicking, and hoping. Rec. n/t

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Response to cal04 (Original post)

Sun Dec 16, 2012, 08:56 AM

17. Kick n/t

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Response to cal04 (Original post)

Sun Dec 16, 2012, 12:50 PM

20. The President should tell the weeping boner that he laid his needs on the table

and now the boner needs to sit down with Pelosi and work it out

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