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Obama to propose $1.5 trillion in new tax revenue as part of long-term deficit package
AP ^ | 9/18/11 | Jim Kuhnhenn

Posted on 09/18/2011 9:08:22 PM PDT by mylife

WASHINGTON (AP) -- Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan, according to senior administration officials.

The president on Monday will announce a proposal that includes repeal of Bush-era tax cuts for the wealthiest taxpayers, nearly $250 billion in reductions in Medicare spending, $330 billion in cuts in other mandatory benefit programs, and savings of $1 trillion from the withdrawal of troops from Iraq and Afghanistan, the officials said.

The plan includes no changes in Social Security and does not include an increase in the Medicare eligibility age, which the president had considered this summer.

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


TOPICS: Breaking News; Government; News/Current Events
KEYWORDS: 0bama; bovinefeces; deficit; delusional; highertaxes; momoney; newtaxes; obambi; shovelready; taxedenoughalready; taxes; trilliondollarbaby; zer0
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Obama is fixing to double down on his BS

Baffle them with BS

1 posted on 09/18/2011 9:08:29 PM PDT by mylife
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To: mylife

His needle is stuck on stupid...on stupid...on stupid...on stupid...


2 posted on 09/18/2011 9:10:45 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: mylife

Obama, rebuked by latest elections, is going ‘all in’
on tax and spend.

PUKE.


3 posted on 09/18/2011 9:11:28 PM PDT by WOSG
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To: mylife

Our government is so screwed up that we have to force one segment of our citizens to pay for it. I don’t think that the Founding Fathers meant for it to go this way. America has become a disgrace. “For the first time in my adult life..”, I’m ashamed of my country.


4 posted on 09/18/2011 9:13:52 PM PDT by FlingWingFlyer (Hey Mexico! Your poverty isn't America's problem.)
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To: All
In his Saturday radio and Internet address, Obama said he would lay down a plan that would show how to pay down the nation's debt and pay for his employment legislation.

"But right now," he said, "we've got to get Congress to pass this jobs bill."

To that end, Obama on Thursday will be at a bridge linking Ohio and Kentucky -- home states to Boehner and Senate Republican leader Mitch McConnell. He will use the bridge as a prop to call for increased spending on infrastructure.

Good luck with that Jackass

5 posted on 09/18/2011 9:15:12 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: FlingWingFlyer

Sadly, I am ashamed as well.
Bless us all.


6 posted on 09/18/2011 9:15:25 PM PDT by acapesket
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To: mylife

Just when I think he can’t get any more stupid, he goes and proves me wrong... again. He’s like a hemmoroid or something.


7 posted on 09/18/2011 9:15:58 PM PDT by myrabach
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To: Army Air Corps

Big time.


8 posted on 09/18/2011 9:15:58 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: WOSG

The man is a fool, or he is counting on fools.


9 posted on 09/18/2011 9:18:07 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife
He will use the bridge as a prop to call for increased spending on infrastructure.

A bridge, how appropriate. This 'revenue' plan is his Waterloo.

10 posted on 09/18/2011 9:18:31 PM PDT by rfp1234 (Anybody but Baracchio in 2012)
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To: WOSG

Here is a clue.

Even Europe is saying WTF?


11 posted on 09/18/2011 9:18:55 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

Uh, his 2% base is all he has left. .Doubling down on stupid is the Wrong BET!


12 posted on 09/18/2011 9:18:55 PM PDT by hope
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To: mylife
Pass the Bill
13 posted on 09/18/2011 9:22:16 PM PDT by smokingfrog ( sleep with one eye open ( <o> ---)
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To: mylife

Ok...FReepers that think Boehner is a stand up Repubic, we shall see. Who wants to bet that before it’s all over and done with Boehner will have agreed to close tax loopholes (you know the kind: Mortgage interest deduction, charitable contributions etc.) and come back with some bullcrap tax reduction that does absolutely nothing for us. And he will strut like he made the deal of the century...while the country continues to go down in flames.


14 posted on 09/18/2011 9:23:08 PM PDT by Outlaw Woman (Attention: Liberals & RINOS: We The People are coming for YOU)
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To: smokingfrog

I am En Chanted! LoL


15 posted on 09/18/2011 9:23:29 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife
When Paul Ryan proposes a plan to make Medicare solvent he's depicted as throwing a wheelchair-bound grandmother over a cliff.

When Obama steals $500,000,000,000 from Medicare for ObamaCare and now proposes taking another $250,000,000,000?

(crickets)

16 posted on 09/18/2011 9:26:10 PM PDT by newzjunkey (Will racist demagogue Andre Carson be censured by the House?)
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To: Outlaw Woman

I have never been a fan of the weeper of the house.

He has however been measured and succinct in recent responses to Obamas BS.

We shall see.


17 posted on 09/18/2011 9:26:39 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: newzjunkey

Amen!


18 posted on 09/18/2011 9:27:22 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife
The Failed Obama Administration©
19 posted on 09/18/2011 9:28:34 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: All; mylife
The president on Monday will announce a proposal that includes repeal of Bush-era tax cuts

ALREADY IN LAW. The Bush-Obama rates all expire at the end of 2012.

savings of $1 trillion from the withdrawal of troops from Iraq and Afghanistan

ALREADY IN LAW.

20 posted on 09/18/2011 9:30:33 PM PDT by newzjunkey (Will racist demagogue Andre Carson be censured by the House?)
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To: mylife
"...nearly $250 billion in reductions in Medicare spending, $330 billion in cuts in other mandatory benefit programs,...

Oh puhlease, he would never ever sign a bill that cut have a trillion in bennies for the gimmes, no matter how he claimed it would be paid for (hate that term) by tax increases on the rich.

This is a political ploy for the centrist moderate types. Hope they have learned, but don't have much faith in people who live their lives by sound bytes.

21 posted on 09/18/2011 9:30:56 PM PDT by A Navy Vet (Obamanists think they can make socialism work this time. Europe...still there?)
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To: mylife

Barky just doesn’t know when to quit, does he....?? It’s gonna be fun to watch him melt down...


22 posted on 09/18/2011 9:34:43 PM PDT by Victor (If an expert says it can't be done, get another expert." -David Ben-Gurion, the first Prime Minister)
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To: newzjunkey

Like I said.

BS artist.


23 posted on 09/18/2011 9:35:37 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife
Obama To Propose $1.5 Trillion In Tax Increases Tomorrow
24 posted on 09/18/2011 9:36:15 PM PDT by blam
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To: April Lexington

He is soggy toast.


25 posted on 09/18/2011 9:36:52 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

They simply don’t understand.

They can raise the marginal tax rate, but that won’t raise revenue, it will reduce it.


26 posted on 09/18/2011 9:39:26 PM PDT by jdege
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To: A Navy Vet

He planned to cut it all along while he gives us the bigger fiscal demon of Obama care

Were Medicare and Obama care to run in parallel?


27 posted on 09/18/2011 9:39:33 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife; All

All of Congress needs to just ignore this guy.


28 posted on 09/18/2011 9:41:55 PM PDT by el_texicano (Extremism in the face of tyranny is no fault, Moderation in the face of evil, no virtue.)
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To: blam

The hand selected “Stupor Committee”?


29 posted on 09/18/2011 9:42:32 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

What a great idea. With the economy sailing along like it is, it can easily withstand another $1.5 trillion taken out of the private sector.

Why not increase taxes $7.5 trillion on the rich. That would be five times as good.

Obama isn’t going to leave any doubt that he is an absolute imbecile.


30 posted on 09/18/2011 9:42:56 PM PDT by DoughtyOne (McCain 5 yrs Left/1 year right "BAD!" - Republicans 3 yrs Right 1 year Left to elect RINOs. "Good?")
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To: mylife
The hand selected “Stupor Committee”?

It's currently in the process of getting bribed by the "Super Lobbyist Brigades".

31 posted on 09/18/2011 9:44:55 PM PDT by rfp1234 (Anybody but Baracchio in 2012)
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To: DoughtyOne

Why not tax the poor too?

That’s what this asshat is doing.


32 posted on 09/18/2011 9:46:12 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

If you look at obama through the prism of a rejected audacious hyper-narcissist, everything he does will make sense. He is as bitter as rattle snake venom right now.


33 posted on 09/18/2011 9:47:55 PM PDT by parisa
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To: mylife

No mention of cutting foreign aid, of course.


34 posted on 09/18/2011 9:48:31 PM PDT by World'sGoneInsane (The terrorists attacked us--and don't you forget it!)
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To: el_texicano

Obama is the greatest “divider” of our times


35 posted on 09/18/2011 9:48:53 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife
Bambi's not just a narcissist, he also suffers from a newly-discovered condition:

Additional Deficit Disorder

36 posted on 09/18/2011 9:49:23 PM PDT by rfp1234 (Anybody but Baracchio in 2012)
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To: mylife

Wow Obummer, you just locked in the Daily Kos vote. Big whoop you Marxist idiot. You better hope they can put their bongs down long enough to vote.


37 posted on 09/18/2011 9:51:43 PM PDT by Reagan is King
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To: rfp1234

He is worse than that.

This clown is intentionally making people on both sides of the fence hungry in a bid to get them to fight for crumbs.

FUBO!!


38 posted on 09/18/2011 9:54:07 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife
Photobucket

Photobucket
39 posted on 09/18/2011 9:55:53 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: All

Our party needs a uniter.

Obama is a divider and everyone knows it.


40 posted on 09/18/2011 9:59:44 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: Reagan is King

I like your homepage.


41 posted on 09/18/2011 10:02:22 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

Buy larger wallets, so you can bring enough cash for a loaf of bread.


42 posted on 09/18/2011 10:04:18 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: A Navy Vet
"...nearly $250 billion in reductions in Medicare spending,",/i>

While there is no mention of going after the cheats in the system and the corruption in management, he is planning to cut services. Will anyone ask him how this goes with his concerns about health care for all?

43 posted on 09/18/2011 10:04:30 PM PDT by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: mylife
Boy king has a "raise taxes on the rich" real obsession as does his party. The entire RAT party desperately needs some mental health advice for this OCD.
44 posted on 09/18/2011 10:05:26 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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Deliver us from evil...

45 posted on 09/18/2011 10:07:08 PM PDT by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: Eleutheria5

Dont get me started on the Ben Bernack.

He has piped down a bit and they have sent Gittner out to change the tack. “Please, Please, Please..”

Merkel gave Geitner the finger.


46 posted on 09/18/2011 10:09:24 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: rfp1234

Ah I like that one. Great!


47 posted on 09/18/2011 10:14:31 PM PDT by DoughtyOne (McCain 5 yrs Left/1 year right "BAD!" - Republicans 3 yrs Right 1 year Left to elect RINOs. "Good?")
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To: mylife

Yes, that would be a 100% tax rate too, since they won’t be finding jobs under this clown’s administration.


48 posted on 09/18/2011 10:16:37 PM PDT by DoughtyOne (McCain 5 yrs Left/1 year right "BAD!" - Republicans 3 yrs Right 1 year Left to elect RINOs. "Good?")
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To: mylife

Newt nailed it. We should increase tax revenue by reducing tax rates (see Laffer curve).

Then eliminate capital gains tax, and the economy would take off like a rocket. We’d pay down the debt and work our way out of this mess in a short time.

...and have more jobs and spending money to boot.

Reaganomics is recent history. How come we can’t remember anything?


49 posted on 09/18/2011 10:17:39 PM PDT by MV=PY (The Magic Question: Who's paying for it?)
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To: DoughtyOne

The first thing this butthead did was raise the tax on a pack of Kools

Obama is a charlatan


50 posted on 09/18/2011 10:24:17 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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