Obama: Tax Bill Will Pass, Possibly With Changes

[sabra]

Source: CBS News/AP

Expects Framework to Survive Mutiny by House Dems, Says GOP Willing to "Scotch the Entire Deal" If Rich Don't Benefit

(CBS/AP) President Barack Obama is predicting congressional approval of the tax-cutting compromise he has reached with Republican leaders, but he's not ruling out that unhappy congressional Democrats will make some changes in the mammoth legislation.

In an interview with NPR News released Friday, Mr. Obama said that despite a rebellion by many Democrats against his tax deal, it will pass because "nobody - Democrat or Republican - wants to see people's paychecks smaller on Jan. 1 because Congress didn't act."

...

In his interview with NPR, President Obama said that he did not like the idea of extending the tax cuts for the wealthiest ("I think they’re not a smart thing to do, particularly because we’ve got to borrow money, essentially, to pay for them"), and does not believe that giving more money to rich would create a single job. "It doesn’t, which is why I was opposed to it, and I’m still opposed to it."

But he said Republicans "willing to scotch the entire deal" if they did not get tax cuts for the rich jeopardized everyone else.

"In that circumstance, we’ve got, basically, a very simple choice: Either I allow two million people who are currently getting unemployment insurance not to get it, wither I allow the recovery that we’re on to be endangered - or we make a compromise now, understanding that for the next two years this is going to be a central battle as part of a larger discussion about how do we reform our tax code so that it’s fair and how do we make sure that we actually are dealing with the deficit and debt in an intelligent way?”

Read more: http://www.cbsnews.com/stories/2010/12/10/politics/main7137026.shtml?tag=stack

[Larkspur]

1. Obama's confidene on his tax deal seems to be sliding already

Dems in Congress should keep the pressure up and wait a few more days to see how much farther Obama will slide off his deal.

[SkyDaddy7]

3. I have a burning question...

I wonder how many front page greatest threads there will be attacking Nancy Pelosi if she allows a vote on Obama's deal & it passes?

Any guesses?

Let's be honest all this could end with her.

[sirthomas66]

7. Personally, I hope many, for if the deal passes with the SS

tax holiday intact, it will end the Democratic Party in a relatively short time because the Republicans can justifiably say that the beginning of the defunding of Social Security was commenced by a Democratic President which was condoned by a Democratic House. And prior to the 2016 election as people get year-end Social Security Statements showing decreased projected payments when compared with the prior year, they will know what has happened and the uproar will be deafening.

[Fearless]

2. Sounds like someone is in denial... wonder who.

[PinkFloyd]

4. I hope the house Dems don't play along.

In doing so they'll hand Republicans a big issue for 2012 and a great motive to keep those corporate dollars coming in.

Plus, I think most of us are fucking sick of this whole "if we don't get it 100% our way we block everything" bullshit. I hope they just let the whole damn mess expire.

[aquart]

5. We are NOT in recovery, Mr. President.

And you will utterly prevent the possibility of one by refusing sunset. You sacrifice the well-being of the nation to the smallest number. The smallest number of poor.

The group you claim to be helping will be 99ers with no hope shortly because of this deal. And legions of 99ers following after.

There can be no recovery without attempts to achieve solvency. The middle class, even wrung dry, doesn't have the wealth to achieve that because 90% of our wealth is with the tiniest percent of our people. The greedy, unpatriotic rich will not invest in the insolvent nation they created.

A mere 2 million with grossly temporary protection? Is the White House completely divorced from reality?

[Waiting For Everyman]

6. +1

[sirthomas66]

8. Excellent.

[Hardrada]

10. Good points.

[Scurrilous]

9. K & R

:thumbsup: