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Obama will not extend tax cuts, W.H. says
Associated Press ^ | June 6, 2012 | DONOVAN SLACK

Posted on 06/06/2012 10:12:04 AM PDT by Free ThinkerNY

The White House is sticking by its opposition to an extension of the Bush tax cuts for wealthy Americans despite the increasing number of Democrats voicing support for it, including former President Bill Clinton.

Press Secretary Jay Carney told reporters aboard Air Force One on Wednesday that President Obama will not sign an extension.

"He will not. Could I be more clear?" Carney said, according to the Associated Press.

(Excerpt) Read more at politico.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: 2012; bhofascism; bushobamataxcuts; bushtaxcuts; economy; elections; nobama2012; obama; obamatruthfile; socialistdemocrats; taxes
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To: Free ThinkerNY

Look for Obama to be now “one and DONE” with that decision.

Also this is slapping the face of a President before him, Bill Clinton who made the idea known.


21 posted on 06/06/2012 10:38:35 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: Free ThinkerNY
“Press Secretary Jay Carney told reporters aboard Air Force One on Wednesday that President Obama will not sign an extension.

“He will not. Could I be more clear?”

Obama is resigned to the fact that he is going to lose, now he is pandering to his barking moonbat base to keep his loss margin from setting a record as the highest in history.

22 posted on 06/06/2012 10:39:37 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Free ThinkerNY

Why are these called the “Bush tax cuts”? The Bush legislation EXPIRED. Signing an extension makes them NEW LEGISLATION and thus the “Obama tax cuts”.


23 posted on 06/06/2012 10:39:44 AM PDT by LetsRok
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To: Free ThinkerNY

He’ll extend the tax cuts...how else will the msm have the money to replace those worn kneepads?


24 posted on 06/06/2012 10:40:03 AM PDT by MichaelCorleone (Forget the GOP and build the Constitution Party, because the status quo is no longer the way to go.)
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To: Free ThinkerNY

After he sees how well this benefits the Romney campaign, he’ll change his tune....or at least the words...

Romney could enhance his campaign by emphasizing the importance of a Republican Sentate, to implement reversals of Obama tyranny.
(we need at least 53 to neuter the McCain effect)


25 posted on 06/06/2012 10:42:29 AM PDT by G Larry (Criminals thrive on the indulgence of society's understanding)
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To: RexBeach

Please, don’t be misled. These commie bastards are accomplishing exactly what they’ve set out to do. They are using the Cloward-Piven strategy to destroy the Republic. So long as folks cannot understand that is the goal of these lying bastard commies, they can continue to ‘make mistakes’ while checking off their list of things to do to collapse the eceonomy of this nation and usher in world-wide ‘governance’ through world-wide economic collapse, stravation, and chaos. These evil bastards are the enemies of freedom and a Constitutional Republic, so don’t give them the excuse of stupidity. They are using demonic brilliance!


26 posted on 06/06/2012 10:44:33 AM PDT by MHGinTN (Being deceived can be cured.)
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To: MHGinTN

Sure about this?


27 posted on 06/06/2012 10:48:50 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: Free ThinkerNY

He toook the bait now we just reel him in.


28 posted on 06/06/2012 10:56:05 AM PDT by buffaloguy
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To: andy58-in-nh
And also - several million people who are currently not paying any income tax are going to be added back onto the tax rolls.

Good. We are not going to have much support on cutting spending until EVERY American is paying federal taxes.

If I had my way, federal income tax would be a flat rate, starting with the first dollar, like SS taxes are.

29 posted on 06/06/2012 10:57:13 AM PDT by PapaBear3625 (If I can't be persuasive, I at least hope to be fun.)
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To: MHGinTN
"Please, don’t be misled. These commie bastards are accomplishing exactly what they’ve set out to do. They are using the Cloward-Piven strategy to destroy the Republic. So long as folks cannot understand that is the goal of these lying bastard commies, they can continue to ‘make mistakes’ while checking off their list of things to do to collapse the eceonomy of this nation and usher in world-wide ‘governance’ through world-wide economic collapse, stravation, and chaos. These evil bastards are the enemies of freedom and a Constitutional Republic, so don’t give them the excuse of stupidity. They are using demonic brilliance!"

EXACTLY!!

30 posted on 06/06/2012 11:00:43 AM PDT by precisionshootist
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To: Free ThinkerNY
The White House is sticking by its opposition to an extension of the Bush tax cuts for wealthy Americans despite the increasing number of Democrats voicing support for it, including former President Bill Clinton.

Uh-huh. We'll see. This administration has a history of saying one thing and doing the opposite when they think that no one is looking!!

31 posted on 06/06/2012 11:03:38 AM PDT by DustyMoment
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To: Biggirl

You can ask that with the pres_ _ents economic advice coming down to borrow more to make US fiscally sound? How trillions in debt will it take for you to realize these enemy bastards are trying their best to end The Republic by bankrupting US out of our freedom?


32 posted on 06/06/2012 11:03:48 AM PDT by MHGinTN (Being deceived can be cured.)
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To: PapaBear3625

Agreed - a low, flat rate would be preferable, along with a larger taxpayer base and elimination of the wasteful, economically-distorting abomination that our tax code has become. Plus, by giving more people “skin in the game” - you’d naturally create a much larger constituency for limited government spending.


33 posted on 06/06/2012 11:08:11 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Free ThinkerNY

NEVER raise taxes in an election year. Any professional politician knows that. Obama is just a big-eared skinny little mooselimb Kenyan kid that had major support from others to get him elected. As President, though, he can sink his own boat and there is nothing his backers can do about it.


34 posted on 06/06/2012 11:15:58 AM PDT by CodeToad (Homosexuals are homophobes. They insist on being called 'gay' instead.)
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To: Free ThinkerNY
The ONLY possible reason he can be ruling so contrary to the will of the people is because he knows that the November election is a mere formality, because the vote-counting apparatus (a wholly-owned Soros subsidiary) has been compromised and the fix is in.
35 posted on 06/06/2012 11:31:41 AM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: Free ThinkerNY

By allowing the 2003 tax cuts to retire, President “Present” will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.

Raising the 10% bracket to 15% represents what percentage of increase? Hint: The correct answer is NOT 5%.

Raising the 20% bracket to 25% represents what percentage of increase? Hint: The correct answer, again, is NOT 5%.

Finally, raising the 35% bracket to 39% represents what percentage of increase: Hint: The correct answer is NOT 4%.

Extra credit question: People in which tax bracket will see the largest percentage of increase in their taxes?

Extra extra credit question: People in which tax bracket will see the smallest percentage of increase in their taxes?

To those moving from the 35% to the 39% tax bracket...that’s roughly an 11% increase in taxes.

From 20% to 25%...that’s a full-blown 25% increase in taxes.

To those moving from the 10% bracket to 15%, their taxes will be increased by a whopping 50%.

So the low-income people get their taxes raised even more when seen as a percentage. And the rich folks lose a higher magnitude of money,but the percentage compared to what they already make is lower.


36 posted on 06/06/2012 11:37:04 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: Free ThinkerNY

What a bafoon!


37 posted on 06/06/2012 11:49:05 AM PDT by jag.drafting
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To: MHGinTN

Yeah, I guess so.

I still think they’re stupid.


38 posted on 06/06/2012 11:56:03 AM PDT by RexBeach (Mr. Obama Can't Count.)
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To: Free ThinkerNY

You gotta wonder if Obama is really serious about running for reelection. He’s giving Romney so many gift wrapped presents in the form of his behavior, demeanor and lack of work ethic. Romney needs only show is birth certificate, college records, success in business, the Olympics and as governor. Obama is so much out of his league. Now, stepping back, one has to remember that there are a lot of ignorant, closed minded people who would vote for Obama even if Obama didn’t care one iota about them... which, by the way, he does not care about anybody period!


39 posted on 06/06/2012 12:14:32 PM PDT by Ranger Warrior ("To stand in silence when they should be protesting makes cowards out of men." - Abraham Lincoln)
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To: Free ThinkerNY

Stuck on stupid and doubled down!


40 posted on 06/06/2012 12:17:51 PM PDT by TigersEye (Life is about choices. Your choices. Make good ones.)
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