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DonViejo

(60,536 posts)
Wed Nov 7, 2012, 10:18 PM Nov 2012

Republicans To Obama On Taxes: Letís Compromise By Not Raising Taxes [View all]

Source: TPM

President Obama ran on raising taxes and won. House Republicans ran on not raising taxes, and got to keep their majority. So now the GOP is offering a familiar sounding compromise: let’s not raise taxes.

More specifically, Obama’s re-election, and the looming expiration of the Bush tax cuts, have made House Republicans’ prime imperative to preserve the current tax rates on high earners, which Obama campaigned and won on returning to Clinton era levels.

It’s a big ask, given the results of the election, and Obama’s long-standing pledge to veto legislation that extends all of the Bush tax cuts, even temporarily. Thus, their hopes rest on a vague suggestion that they’ll concede higher revenues in a future tax reform agreement with Obama, so long as he drops his demands for higher tax rates and agrees to cut entitlement spending.

This sounds familiar because it’s broadly speaking the same deficit cutting deal Republicans spent most of this past Congress pursuing — one that raises little, if any revenue, let alone revenue from high earners. And early signs indicate that Democrats won’t bite.

“Because the American people expect us to find common ground, we are willing to accept some additional revenues, via tax reform,” House Speaker John Boehner said in the Capitol Wednesday — his first major address since Tuesday’s election. “But the American people also expect us to solve the problem. And for that reason, in order to garner Republican support for new revenues, the president must be willing to reduce spending and shore up the entitlement programs that are the primary drivers of our debt.”

Read more: http://tpmdc.talkingpointsmemo.com/2012/11/republicans-to-obama-on-taxes-lets-compromise-by-not-raising-taxes.php?ref=fpa

46 replies = new reply since forum marked as read
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I think Obama should at least threaten to let the fiscal cliff happen ItsTheMediaStupid Nov 2012 #1
Raise taxes on the 1%, cut military spending and tax the church, budget balanced. sarcasmo Nov 2012 #2
sarcasmo Diclotican Nov 2012 #5
Raise taxes on the 1%, cut military spending and tax the church, budget balanced. AlbertCat Nov 2012 #7
+100000000000000000 do not give in to those f-ing R's - they are party of FAIL wordpix Nov 2012 #13
Right on, it's time for the DNC to grow a backbone. sarcasmo Nov 2012 #14
Defense spending is the largest portion of ANY US Budget! benld74 Nov 2012 #3
Reducing the deficit isn't why they want the programs cut jmowreader Nov 2012 #24
That's exactly right. FiveGoodMen Nov 2012 #39
Well...okay jmowreader Nov 2012 #42
I think the GOP VOTERS believe (other) people are essentially lazy FiveGoodMen Nov 2012 #45
Those guys have always wanted all the power jmowreader Nov 2012 #46
DonViejo Diclotican Nov 2012 #4
I wish this were true Lefty Thinker Nov 2012 #33
Lefty Thinker Diclotican Nov 2012 #35
the entitlement programs that are the primary drivers of our debt.Ē AlbertCat Nov 2012 #6
Or does he mean the military, veterans benefits and the defense industry? cstanleytech Nov 2012 #11
"I've got political capital and I intend to spend it" montex Nov 2012 #8
+1. robinlynne Nov 2012 #20
Oh Obama isnt raising taxes actually as the republicans themselves are doing that cstanleytech Nov 2012 #9
yes ofcourse maindawg Nov 2012 #10
Fuck this asswipe Boner argiel1234 Nov 2012 #12
Just politics as usual defacto7 Nov 2012 #15
PBO has all the cards.....nt ProudProgressiveNow Nov 2012 #16
Here they come again - same old same old. gtar100 Nov 2012 #17
Bite me, douchebag. And look up compromise in the dictionary. SunSeeker Nov 2012 #18
if he (Obama) wnats to. the first time he gave away the cards. HOpe he HOLDS them this time! robinlynne Nov 2012 #21
Sorry GOPs adieu Nov 2012 #19
Agreed, it's how you negotiate with children, as I learned with my daughter... Volaris Nov 2012 #32
Only a fool would trust the Republicans. glinda Nov 2012 #22
"let's compromise by having you surrender completely.." Alamuti Lotus Nov 2012 #23
Better compromise jmowreader Nov 2012 #25
Damn, I thought I was clicking on an onion article. tavalon Nov 2012 #26
These Rethugs,,,,, Cryptoad Nov 2012 #27
The President needs to play some hardball with the Orange man. liberal N proud Nov 2012 #28
Hardball is right! Dyedinthewoolliberal Nov 2012 #44
Boehner is essentially saying animalcrackers Nov 2012 #29
I'm all for talking to the Rethugs Andy Stanton Nov 2012 #30
Heres Obama's answer Corgigal Nov 2012 #31
Don't believe the Repukes and don't give any leeway - socialindependocrat Nov 2012 #34
I'm done with that. Let the Bush tax cut expire. Xyzse Nov 2012 #36
Republican Compromise: Hayabusa Nov 2012 #37
entitlements are a primary driver? Not defense spending, war, and tax cuts for the rich? yurbud Nov 2012 #38
Just John2 Nov 2012 #40
The GOP already raised all our taxes. sofa king Nov 2012 #41
I think the conversation should go something like this: Dyedinthewoolliberal Nov 2012 #43
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