Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

White House: 'Significant' debt deal possible (Dems propose $400-600 billion in new taxes)
YahooNews ^

Posted on 06/27/2011 1:45:09 PM PDT by quesney

WASHINGTON (AP) — The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement. President Barack Obama made his first direct foray into the deficit negotiations Monday. He met with Senate Majority Leader Harry Reid in the Oval Office for about 30 minutes Monday morning, and planned to meet with Republican Sen. Mitch McConnell in the early evening. White House spokesman Jay Carney said Obama's meeting with Reid was "constructive" and the president concluded that there are still opportunities for a deal to be reached. But he said the only way to achieve that objective would be to include tax increases or the elimination of tax breaks for big companies and wealthy individuals.

"It's the only way to get it done," Carney said. The White House has proposed raising about $600 billion in new tax revenue, including ending subsidies to oil and gas companies, an idea that failed in the Senate.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Front Page News; Government
KEYWORDS: 0cokehead; 0wayhosers; 57states; bhofascism; bipartisan; butthead; congress; deal; debt; default; democrats; donttreadonme; dropbombpearlharbor; economy; fubo; govtabuse; kenyanvillagefraud; liberalfascism; maybealittleblow; nonsense; obama; possible; revenue; significant; sodomhusseinobama; tax; taxcheatparty; taxes; teachers; whitehouse
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 241-245 next last
I'm sure this would be a *big* help to the economy
1 posted on 06/27/2011 1:45:14 PM PDT by quesney
[ Post Reply | Private Reply | View Replies]

To: quesney

Not possible Rats, you lost the election.


2 posted on 06/27/2011 1:46:34 PM PDT by DarthVader (That which supports Barack Hussein Obama must be sterilized and there are NO exceptions!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

Because $ 4.00 gasoline isn’t nearly enough to pay.


3 posted on 06/27/2011 1:48:07 PM PDT by Col Frank Slade
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

If the republicans after saying that any tax increase will not be part of negotiations, to then agree to ANY tax increases....then as far as I am concerned they can all go the devil.

Is there no one.. with any leadership qualities who can cut expenses and waist. Why penalize our businesses and the people who are successful?

I’m sick of these people. Sick to death of them.

Let the country go bankrupt... NO NEW TAXES....


4 posted on 06/27/2011 1:48:37 PM PDT by nikos1121
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

The RINOs agree, but will call the new taxes, “fees”.


5 posted on 06/27/2011 1:48:57 PM PDT by Diogenesis (Nothing surpasses the complexity of the human mind. - Leto II: Dar-es-Balat)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

AP:
“The White House has proposed raising about $600 billion in new tax revenue, including ending subsidies to oil and gas companies, an idea that failed in the Senate.”

http://www.greenwichtime.com/news/article/White-House-Significant-deal-on-debt-possible-1441467.php


6 posted on 06/27/2011 1:48:57 PM PDT by quesney
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney
...planned to meet with Republican Sen. Mitch McConnell in the early evening.

"Will you walk into my parlor?" said the spider to the fly;
"'Tis the prettiest little parlor that ever you may spy.
The way into my parlor is up a winding stair,
And I have many curious things to show when you are there."

7 posted on 06/27/2011 1:49:03 PM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

no mr carney, the only way for a deal to be reached is for you and your parasitic ilk to stop spending so God damn much of our money!


8 posted on 06/27/2011 1:49:03 PM PDT by stefanbatory (Insert witty tagline here)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

We’ve been here before. Many times.

Taxes will go up. Real spending won’t be cut by a penny. All the “cuts” will be illusory; cuts in future rates of growth, labeled “budget cuts.”

The economy will keep one foot in the grave; maybe go ahead and flop all the way into the casket. Stagflation will worsen, and the media will kvetch about how “the Presidency has gotten too big for just one man.”


9 posted on 06/27/2011 1:49:13 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

yep, keep taxing the wealthy...that worked out great on the ‘Luxury Tax’...oh wait. it didn’t.


10 posted on 06/27/2011 1:49:28 PM PDT by BookmanTheJanitor
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

GTH Obama and Reid. You will NEVER get the Republican House to go along with tax increases. They are not gonna cut their own throats and take the country down with them!


11 posted on 06/27/2011 1:50:31 PM PDT by KansasGirl
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

” (Dems propose $400-600 billion in new taxes) “

The Pubbies (AKA ‘Obama’s herd of pet RINOs’) will hold out for twelve or thirteen dollars worth of ‘draconian’ cuts before knuckling under...


12 posted on 06/27/2011 1:50:33 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nikos1121

Cut waist???


13 posted on 06/27/2011 1:50:37 PM PDT by houeto (Palin/DeMint - 2012!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: quesney
The administration also would tax private equity or hedge fund managers at higher income tax rates instead of lower capital gains rates, change the depreciation formula on corporate jets and limit itemized deductions for wealthy taxpayers. It also has called for repealing a tax benefit for an inventory accounting practice used by many manufacturers.

Yeah, now THAT'LL help the economy and spur on business to hire more workers.

14 posted on 06/27/2011 1:51:50 PM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

Looks like the DNC will win after all.


15 posted on 06/27/2011 1:52:55 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

“I hope my Republican colleagues will put the economy ahead of politics,” he said on the Senate floor. “I hope they’ll join us to create jobs and set aside their desire to please the tea party and defeat President Obama.”

Well, by golly gee, Reid. That is exactly what they will be doing when the REFUSE to hike taxes on small businesses! You pathitic, lying little pr*ck. Thanks alot Nevada for hoisting this complete moron on the country for another 6 years!


16 posted on 06/27/2011 1:53:23 PM PDT by KansasGirl
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

“President Barack Obama made his first direct foray into the deficit negotiations Monday. He met with Senate Majority Leader Harry Reid in the Oval Office for about 30 minutes Monday morning ... “

And that 30 minutes is the absolute limit of Obama’s attention span. (Drugs will do that to you).


17 posted on 06/27/2011 1:54:29 PM PDT by brownsfan (I miss the America I grew up in.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney
But he said the only way to achieve that objective would be to include tax increases or the elimination of tax breaks for big companies and wealthy individuals.

So absolutely NOTHING has changed and the ONLY change would be the Republicans capitulating and going for tax increases.

Some pretty serious dickering going on there!

18 posted on 06/27/2011 1:55:06 PM PDT by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

They don’t have to raise taxes. All they need is to have the President put out more regulations. That will automatically raise the cost of everything in the country.


19 posted on 06/27/2011 1:55:19 PM PDT by RC2
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney
"elimination of tax breaks for big companies and wealthy individuals. "

I propose targeted tax increases for big companies and wealthy individuals, such as:

Who can deny that members of the above are:


20 posted on 06/27/2011 1:55:32 PM PDT by eCSMaster (We will fight for America and it starts here in Madison, WI. It starts here. It starts now.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 241-245 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson