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Response to ProSense (Reply #2)

Sun Dec 9, 2012, 08:47 AM

4. I guess we hear what we want to hear?

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/07/the-fiscal-cliff-deal-comes-clearer-a-37-top-tax-rate-and-a-higher-medicare-eligibility-age/

<snip>


REPORTER: Is there no deal at the end of the year if tax rates for the top 2 percent arenít the Clinton tax rates, period? No ifs, ands or buts? Any room in negotiating on that specific aspect of the fiscal cliff?

THE PRESIDENT: ÖWith respect to the tax rates, I just want to emphasize I am open to new ideas. If Republican counterparts or some Democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isnít getting hit, reduces our deficit, encourages growth, Iím not going to just slam the door in their face. I want to hear ideas from everybody.

You see the deal thatís becoming clear here?

Talk to smart folks in Washington, and hereís what they think will happen: The final tax deal will raise rates a bit, giving Democrats a win, but not all the way back to 39.6 percent, giving Republicans a win. That wonít raise enough revenue on its own, so it will be combined with some policy to cap tax deductions, perhaps at $25,000 or $50,000, with a substantial phase-in and an exemption for charitable contributions.

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Arrow 21 replies Author Time Post
kentuck Dec 2012 OP
unblock Dec 2012 #1
ProSense Dec 2012 #2
LineLineNew Reply I guess we hear what we want to hear?
kentuck Dec 2012 #4
ProSense Dec 2012 #5
kentuck Dec 2012 #6
ProSense Dec 2012 #7
kentuck Dec 2012 #10
ProSense Dec 2012 #14
muriel_volestrangler Dec 2012 #11
kentuck Dec 2012 #15
GeorgeGist Dec 2012 #8
coalition_unwilling Dec 2012 #13
bigtree Dec 2012 #3
great white snark Dec 2012 #12
coalition_unwilling Dec 2012 #16
bigtree Dec 2012 #17
coalition_unwilling Dec 2012 #18
Aerows Dec 2012 #9
99Forever Dec 2012 #19
eridani Dec 2012 #20
CheapShotArtist Dec 2012 #21
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