Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period

[kpete]

Source: Huffington Post

Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period

ABOARD AIR FORCE ONE -- The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans – even temporarily.

Obama spokesman Jay Carney said the president has been clear in his opposition to extending tax cuts for households with annual incomes above $250,000.

.............

Carney's stand came after former President Bill Clinton caused a political headache for the White House by suggesting in an interview that tax cuts for people of all incomes – including the rich – should be extended into 2013 to avoid economic harm and allow time for a broader fiscal deal.

Pressed directly on whether Obama would support a temporary extension, Carney said: "He will not. Could I be more clear?

Read more: http://www.huffingtonpost.com/2012/06/06/obama-bush-tax-cuts-will-_n_1574165.html

[JNelson6563]

1. Bill, bad news fore you and your buddies.

As my loving mother would have said: Tough shit.

Julie

[Sekhmets Daughter]

2. I sure wouldn't make book

on that.

[awoke_in_2003]

18. I wonder what the over/under...

is on the amount of days before congressional democrats fold like cheap suits.

on edit: welcome to DU

[Sekhmets Daughter]

24. Thanks

everyone is so welcoming....

[dkf]

3. Guess he is ending all the Bush cuts then.

[Dragonfli]

27. They should have all ended in 2009, yea all of them, they were so lopsided that ending them

that way combined with a payroll tax holiday (one repaid in full to the SS TF of course).
Would have fixed the actual budget crises without having to create the SS grabbing, top tax rate cutting "broadening the base" circus that was the simpson/bowles fiasco.

Such an approach would have lessened, not increased the wealth disparity we currently SO enjoy.

Still not to late to employ such sanity
rather than the insanity repeatedly put forth to one degree or other from both parties.

[robinlynne]

35. Thank-you.

[dkf]

40. I think so too but I wonder if people are ready to pay more taxes.

The "marriage penalty" wil reappear the chunk of the child tax credit will disappear, rates on capital gains and income will increase as will tax rates in general.

Americans will need to cut back spending. But that is the way it is.

[JDPriestly]

41. Well, the Republicans want austerity.

This spreads the austerity. The Republicans only wanted to impose it on the old, the very young, the poor, the lower middle class.

This spreads it across the board. If they don't want to do away with all the tax cuts, let the Republicans negotiate some alternative to protect middle class tax cuts.

Of course they won't. They don't care about the middle class or the poor.

All the tax cuts have to go, including those on capital gains. They should revert back to what they were before the Bush tax cuts.

If we want to make taxation fairer, we can tweak the tax code after that.

But right now, the rich are walking away with too large a share of the wealth of the nation, and the Bush tax cuts are part of the reason.

[wordpix]

49. one idea being floated is no tax on first $20K of income

sounds good to me.

I believe I heard that idea from O himself

[OhioVoter]

4. Haven't we heard this before?

"Don't call my bluff, Eric". Why does he repeatedly insist on painting himself into a corner when everyone knows he's going to cave?

[COLGATE4]

5. No. Period. Never. Game over. Nada. Zip.

Until he changes his mind (again)...

[tridim]

6. That is the winning message. nt

[Rosa Luxemburg]

7. The more you earn the more you pay

[Tansy_Gold]

8. Wait a minute!

Didn't those expire at the end of 2009?

[Dragonfli]

14. Yes they did, all that are left are the Obama tax cuts, and I have as much faith in them expiring as

I do in my growing a third arm. Possible perhaps if the odds are astronomical, but as unlikely as winning all the lotteries at once.

[still_one]

9. it was because of bill clinton and his policies that the Democratic party lost its way /nt

[savannah43]

17. Dear Hillary: Please shut him up.

Thank you in advance.

[still_one]

47. She could not control him during her campaign. /nt

[rhett o rick]

10. Unless the Repubs can find something to force him like last time. nm

[Skittles]

11. actually that's five periods, followed by "UNLESS"

[KoKo]

12. Well....we shall see how it all pans out. Sounds Good, though....but, we shall see...n/t

[Dragonfli]

13. Do you really buy that shite a SECOND time? I learn from experience myself. /nt

Last edited Wed Jun 6, 2012, 09:25 PM - Edit history (1)

[Iliyah]

15. And the goppers will let

College rates go up, the Supreme Court will overturn health care, VVC against women will fall to the wrist side, equal pay for women - nada, probing vagina are their number issue besides tax cuts for the very rich.

Goppers not trying to create jobs nor help the American ecomony.

If Pres O stand his ground, goppers will have to do something, and we all know what that is.

[savannah43]

16. Will the SS fund be repaid now?

Huh?

[woo me with science]

37. HA HA HA HA HA HAHA HA HA HA HA HA HA HAHA HA

Oh my!

[samplegirl]

19. That reaching across didn't work out so well.

Time to play hardball with these assholes!

[wwytchwood]

20. the smart money is

Obama caves

[calimary]

21. Yeah. Sure.

Whatever you say.

[harun]

22. I don't believe it at all. He'll cave.

[woo me with science]

23. ...

[rocktivity]

26. DUzy candidate!

rocktivity

[Magoo48]

25. One can only hope that he follows thru.....

[bulloney]

28. Translation: The tax cuts will be extended indefinitely in 3...2...1

Four years ago we heard Obama talk this way across the country. Spoke like a real populist who's going to end this nonsense of attacking countries that accomplishes nothing but funnels money into the MIC's pockets and creates more terrorists bent on harming us. We were going to see the end of business as we know it in Washington. The fundamental causes of the Great Recession on Wall Street are still in place and we are seeing a continued effort to eliminate the safety nets that would have made the Great Recession into the Great Depression II had they not been in place. We saw an extension of the Bush tax cuts that are the leading cause of our federal deficit.

We're seeing the obscenely rich get richer faster at the expense of the middle and lower classes.

So, you'll have to pardon me if I seem skeptical.

[boppers]

29. HuffPo lies in a headline. Again. Imagine that.

The article does not support the headline.

[freshwest]

30. The battle will be on between now and November. The Koch brothers promised. They created the Teabag

Movement to stop the Bush tax cuts from expiring, put their stooges in to threaten everything from UE to SS to Obamacare. Now a lot of those people are off UE one way or the other. Obama has ignored the GOP's next wet dream, war with Iran.

Geithner already threatened the GOP regarding their actions in May; Obama has been quoted saying September will be a crucial month. We've got our work cut out for us. Don't forget, there'll be another GOP October surprise, following a long, hot summer of politics.

Just my humble opinion. N/T

[Myrina]

31. Right. And what was that he said in his Inaugural Address .. 'we don't torture'?

I'll believe it when I see it, sir.

Yawn. More promises. More bullshit.

[ejbr]

32. Obama, Obama, Obama...

Fool me once, shame on you. Fool me twice...well, you'll never fool me again.

[doc03]

33. Haven't we heard that before? n/t

[TahitiNut]

34. Well ...

[progressoid]

44. Yup. n/t

[Rhiannon12866]

36. K&R! About time!

[SHRED]

38. "Any plan I sign must include an insurance exchange...including a public option"

[A]ny plan I sign must include an insurance exchange: a one-stop shopping marketplace where you can compare the benefits, cost and track records of a variety of plans - including a public option to increase competition and keep insurance companies honest - and choose what's best for your family.

http://tpmdc.talkingpointsmemo.com/2009/07/obama-demands-the-bill-i-sign-must-include-public-option.php

---


I will believe him when he does it and not just say it.

[kath]

42. You beat me to it - that was the very first thing that came to mind when I read the title of this

thread.

[woo me with science]

48. Thank you. nt

[wordpix]

50. just remember the t-baggers were voted in 2010 - this failure is not all O's fault

I do think he's not using his bully pulpit enough to convince the electorate of his stand on things like the public option and energy independence via wind, solar and biofuels. He doesn't fight enough and his power of persuasion has been weak.

He needs to FIGHT but maybe being in the cushy bubble of the presidency is causing him a skewed view of the world. He should take a trip to Anacostia, which is all of a 10 min. drive from him in DC, to remind himself how some people are living, including little kids.

[GOTV]

39. Saying it is almost as good as doing it!

[bvar22]

43. Yeah, yeah. Heard all this before....

...and Nafta will be renegotiated,
GM food will be labeled,
and "EFCA will be the law of the land."


You will know them by their WORKS,
not by their excuses.
[font size=5 color=green]Solidarity99![/font][font size=2 color=green]
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[GrantDem]

45. Sounds familiar...

We'll see.

[MLKJrInspired]

53. Exactly

... and much as I have my problems with him, hopefully Obama will be around long enough for us to find out how serious he is.

[SunSeeker]

46. "You've got to stand for something or you'll go for anything."

Please keep that in mind, my dear President. Because I REALLY want you re-elected.

[Autumn]

51. Bush's tax cuts ended in 2009 if I remember correctly .

They became Obama's tax cuts for the wealthy when he extended them in his unemployment deal.

[KansDem]

52. we'll see...

we'll see...