Skip to comments.Obama would hike taxes to pay for his jobs bill
Posted on 09/12/2011 2:29:46 PM PDT by Hunton Peck
WASHINGTON (AP) In a sharp challenge to the GOP, President Barack Obama proposed paying for his costly new jobs plan Monday with tax hikes that Republicans have already rejected, and he accused them of political motives if they still refuse to go along.
"The only thing that's stopping it is politics," Obama declared.
The president's proposal drew criticism from House Speaker John Boehner, who'd previously responded in cautious but somewhat receptive tones to the $447 billion jobs plan made up of tax cuts and new spending that Obama first proposed in an address to Congress last Thursday.
"It would be fair to say this tax increase on job creators is the kind of proposal both parties have opposed in the past. We remain eager to work together on ways to support job growth, but this proposal doesn't appear to have been offered in that bipartisan spirit," Boehner spokesman Brendan Buck said.
The biggest piece of the payment plan would raise about $400 billion by eliminating certain deductions, including on charitable contributions, that can be claimed by wealthy taxpayers. Obama has proposed that in the past to help pay for his health care overhaul, for example and it's been shot down by Republican lawmakers along with some Democrats.
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It’s “fair”, its “balanced”, “millionaires and billionaires”... need I say more?
It’s just another left wing set up so they can play the class warfare card during the elections... Those evil Repubs would rather you not work then tax the rich, blah blah blah.
No he wouldn't, 0bama hates taxes and wasteful spending.
If he did it would just be on those who don't pay taxes in the first place, the poor who mostly play the system for personal gain without having to work.
Republicans, give Obama nothing but Cut, Cap, Balance plus removal of many regulations against the growth of business in general and....finally immediate repeal of Obamacare!!! You Pubbies have the upper hand!!! Obama, even before NY-9 is a “lame duck” POTUS!!! End of story!!!
Naked class warfare is just about the only move he has left. This is gonna get ugly.
I thought he said this wasn’t going to cost anything. Why raise taxes for it.
The only rational conclusion one can draw at this point is that Obama simply enjoys beating his head against the wall.
Wealthy? $250K is “wealthy”?
Not in New York or Southern California, it’s not.
Right. Let’s do something for job creators, by raising their taxes. House GOP should consider holding hearings on this legislation to expose this stupidity. Force obama’s economic experts to defend the stimulus all over again. Force them to explain how higher taxes and more regulations creates the environment for job growth. Ask them to explain how deficit spending leads to real economic growth over time. What about funding green jobs through companies like Solyndra. And finally, confront the so called experts on the real political motives; class warfare.
With the bar for the “super rich” lowered to $200,000, Obama’s new taxes would squarely hit small businesses where the owners file their business income on their personal income tax form. Obama fails to understand that this is totally unlike having a $200,000 salary. The $200,000 could also hit some middle class taxpayers as with fat union negotiated salaries even two teachers could have a taxable income of $200,000 +.
$3 billion from changing the tax treatment of corporate jets.
Fantastic, plunder and watch as a struggling but successful industry slows down even more, lose thousands of jobs in that industry.
Then gov’t can take the loot and spend that 3 billion stupidly and create what...MAYBE a couple hundred jobs, if that.
What a pathetic excuse we have for gov’t nowadays, bunch of fool thieves. Gov’t creating jobs is like my 8th grade drop-out self doing brain surgery.
Obama would hike taxes to pay for his jobs bill.
Obama would also hike taxes to pay for Michelle Obamas’ shopping trips and trips to Broadway shows aboard Air Force One.
Obama would also hike taxes to pay for Union jobs.
Obama would also hike taxes to pay for teachers’ salaries.
Obama would also hike taxes to pay for municipal clerks’ salaries.
Obama would also hike taxes to pay for your medical care.
Obama would also hike taxes to pay for global warming.
Obama would also hike taxes to pay for illegal aliens to attend any school they choose.
Obama would also hike taxes to pay for medical care for illegal aliens.
Obama would also hike taxes to pay for bribes paid to anyone would accept same to vote Democrat.
Obama would also hike taxes to pay for the United Nations.
Obama would also hike taxes to pay for rebuilding mosques in Yemen.
Obama would also hike taxes to pay for abortions on demand.
Obama would also hike taxes to pay for the installation of his own private golf course on Martha’s Vineyard.
Obama would also hike taxes to pay for shutting down NASA.
Obama would also hike taxes to pay for restarting NASA.
Obama would also hike taxes to pay for studies that would support the case for shutting down NASA.
Obama would also hike taxes to pay for green energy.
Obama would also hike taxes to pay for studies that show green energy creates jobs.
Obama would also hike taxes to pay for his 2012 campaign.
Religions and charities would be slammed. NPR, Planned Parenthood, Red Cross, Jerry's kids United Way.
It is all part of his campaign to devide.
He knows the Republican Congress isn’t going to raise taxes on the rich or anyone else for that matter.
He’ll simply use their refusal to go along with his redistributionist policies as Republican indifference to the poor.
First step cherry pick any good things, wrap them up in a bill and pass them paid for or not. For the other stuff lets cut some of their pork too such as NPR, Green Investment Obamacare.
The Republicans need to tell barry to shelve the triangulated jive bill and come back with a scorable budget proposal. A fiscally responsible budget is the best “jobs bill” there is.
How is that going to stimulate jobs, or keep social security solvent?
Looks like just another pay off to his core constituency.
"Yeah, baby! My boy gonna be gettin' them whiteys now....!"
They all know his little bill is going in to file 13.
He’s posing for re-election.
Obama and Buffet are proof that the tax rates imposed on them is not collectable.
Obama paid 26%
Buffet paid 17%
Buffet owes taxes for each year beginning in 2002.
They don’t even pay the Bush rates.
The rich don’t live pay period to pay period. The can delay; defer income as they live off of other financial instruments.
We on the other hand, live pay day to pay day.
It’s us in the middle class who will have to cover this latest spending spree.
Its us in the middle class who will have to cover this latest spending spree