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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama Concessions Signal Potential Bipartisan Budget Deal
http://www.bloomberg.com/news/2012-12-18/obama-concessions-signal-potential-bipartisan-budget-deal.htmlPresident 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.
Obamas 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.
Boehners 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.
djean111
(14,255 posts)There is no reason to include this in any deal.
If true, I am done.
No hate, just recognizing pointless support.
newfie11
(8,159 posts)monmouth3
(3,871 posts)eShirl
(18,490 posts)bowens43
(16,064 posts)He Romneyed us..... told us what we want here and then does the opposite
forestpath
(3,102 posts)Eddie Haskell
(1,628 posts)Nancy Pelosi should be at the table.
jsr
(7,712 posts)treestar
(82,383 posts)gkhouston
(21,642 posts)All based on an anonymous source. So, are they reporting news or trying to create it?
Arcanetrance
(2,670 posts)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
Dawgs
(14,755 posts)President Obama might as well switch to Republican if he signs it.
Response to xchrom (Original post)
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Brickbat
(19,339 posts)ETA: Thanks, jury! I was just coming back to alert on it if the posted hadn't changed the wording.
Response to xchrom (Original post)
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