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 ...
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.
Barky just doesn’t know when to quit, does he....?? It’s gonna be fun to watch him melt down...
Like I said.
BS artist.
He is soggy toast.
They simply don’t understand.
They can raise the marginal tax rate, but that won’t raise revenue, it will reduce it.
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?
All of Congress needs to just ignore this guy.
The hand selected “Stupor Committee”?
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.
It's currently in the process of getting bribed by the "Super Lobbyist Brigades".
Why not tax the poor too?
That’s what this asshat is doing.
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.
No mention of cutting foreign aid, of course.
Obama is the greatest “divider” of our times
Additional Deficit Disorder
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.
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!!
Our party needs a uniter.
Obama is a divider and everyone knows it.
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.