closing tax loopholes is not a tax-hike.
a tax-hike is where the tax-rate is increased for certain income levels.
It's good that Obama understands the importance of raising the debt ceiling, but too bad that he's chosen to turn it into such a campaign issue. Perhaps he sees this as a way to blame the dismal economy on those 'darned "oil-grubbing, private plane flying" Republicans and shift attention away from his failed policies....Boehner reiterated his position that the debt ceiling “must be raised,” and praised President Obama for “making that case” at a press conference earlier in the day.
What are you talking about? They've created or saved millions of jobs. We'd be in a depression right now if they hadn't.IMO, to raise revenue by closing loopholes/exemptions/freebies/welfare/etc., isnt raising taxes.
and where the hell are the so called "job creators".. theyve had these breaks for about a decade, so where's the jobs? or should i ask 'in what country are they creating the jobs?'
It's good that Obama understands the importance of raising the debt ceiling, but too bad that he's chosen to turn it into such a campaign issue. Perhaps he sees this as a way to blame the dismal economy on those 'darned "oil-grubbing, private plane flying" Republicans and shift attention away from his failed policies.
He's also not leaving himself much room to negotiate by also refusing to entertain any sort of short term remedy to keep the government going. Chances are high that he'll have to rethink at least one of his ultimatums.
It's good that Obama understands the importance of raising the debt ceiling, but too bad that he's chosen to turn it into such a campaign issue. Perhaps he sees this as a way to blame the dismal economy on those 'darned "oil-grubbing, private plane flying" Republicans and shift attention away from his failed policies.
He's also not leaving himself much room to negotiate by also refusing to entertain any sort of short term remedy to keep the government going. Chances are high that he'll have to rethink at least one of his ultimatums.
How misleading can you be?
1) It wouldn't be raising taxes in a recession since we aren't in one and haven't been for 2 years.
2) Taxes wouldn't go up for another 2 and a half years.
3) Taxes would only raise on the rich...you know, the same people who are sitting on record profits as we speak.
Obama is not the one being obstinate here. There are two sides to this issue: the spending and the revenues. It is not as if, in creating this deficit problem, taxes stayed the same and spending went up
It's good that Obama understands the importance of raising the debt ceiling, but too bad that he's chosen to turn it into such a campaign issue. Perhaps he sees this as a way to blame the dismal economy on those 'darned "oil-grubbing, private plane flying" Republicans and shift attention away from his failed policies.
He's also not leaving himself much room to negotiate by also refusing to entertain any sort of short term remedy to keep the government going. Chances are high that he'll have to rethink at least one of his ultimatums.
The GOP are the ones who made it into a campaign issue. During Bush's eight years, the debt ceiling was raised seven times.
It was just a few months ago, at the state of the union address, that Obama called for a "revenue neutral corporate tax reduction." Now he wants to raise taxes on oil and private planes (7.5% of GDP) in a blatant political gesture to make the republicans "the party of the rich."IMO, to raise revenue by closing loopholes/exemptions/freebies/welfare/etc., isnt raising taxes.
The GOP are the ones who made it into a campaign issue. During Bush's eight years, the debt ceiling was raised seven times. Only after Obama took office did it become a political football. The bi[artisan debt commission came to the conclusion that both spending cuts and increases in revenue are needed to bring down the debt. Obama has offered up 4 trillion (4 TRILLION!) in cuts.
The GOP are the ones who made it into a campaign issue. During Bush's eight years, the debt ceiling was raised seven times.
This is supposed to be a negotiation, not a hostage situation. Both sides give in negotiations. It's not all one-sided.
on the upside at least, good on Republican Leadership for getting the memo:
House Majority Leader Eric Cantor (R., Va.) today reiterated his party’s opposition to tax increases in a deal to raise the debt ceiling, arguing it would constitute a violation of the “Pledge to America” that Republicans successfully ran on to win control of the House in 2010.
“Our members did not come here to raise taxes,” Cantor said. “We’re not asking the president to violate his pledges to the American people, and we wish he wouldn’t ask us to do so.”...
Boehner: Tax Hikes Never on the Table
...Boehner reiterated his position that the debt ceiling “must be raised,” and praised President Obama for “making that case” at a press conference earlier in the day. Tax increases, however, could not realistically be part of the solution. “The American people will not accept, and the House cannot pass, a bill that raises taxes on job creators,” he said. “The House can only pass a debt limit bill that includes spending cuts larger than the hike in the debt limit, as well as real restraints on future spending.”...
so are you suggesting that the President was lying when he stated that in 2010?
this is incorrect - the President wanted taxes to go up immediately
um. that is, in fact, exactly what happened. tax rates haven't changed since 2003. the trillion-dollar-plus deficits started in 2009.
The first three months of the year were good to the oil industry -- although American drivers and their elected leaders are not offering congratulations.
This week, the world's six largest publicly traded oil companies reported a combined $38.1 billion in first-quarter profits. Of the so-called supermajors, only BP (BP)'s earnings declined from the year before.
Now why should we be expected to continue to pay record prices at the pump and grocery store and every other outlet that has had to increase prices because of rising fuel costs, and at the same time continue to subsidize these companies?
I am aware that crude prices are certainly driving some of the increase, so where are the record setting profits coming from?
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