Posted on 07/08/2012 10:07:04 AM PDT by Free ThinkerNY
(CNN) — A top adviser for President Barack Obama’s re-election campaign said Sunday the president was entirely dedicated to ending the so-called Bush tax cuts for the wealthy at the end of this year.
“He is 100% committed to it,” Robert Gibbs said on CNN’s “State of the Union.”
Obama signed a bill in 2010 to extend the Bush-era tax cuts, citing the need for economic stimulus at the time, but has since vowed he would not permit another extension.
The tax breaks are set to expire in what’s known as the “fiscal cliff,” a package of spending cuts and removal of tax breaks that will take place on January 1 if Congress fails to act. In total, $7 trillion could be taken out from the economy.
Tax breaks that would end include the Bush tax cuts, middle class protection from the Alternative Minimum Tax, and more than 50 “temporary” tax breaks for individuals and businesses that have been on the books for years.
(Excerpt) Read more at fox8.com ...
You bet he is, he wants all your earnings and tell you what to do because he is all knowing, all wise and knows what’s best for you, little, stupid, taxpayer.
King Obama; dictator, emperor, lord of lords, king of kings, the shadow of God (allah). Wake up, America, November, 2012, he must be defeated.
I see these guys really have no clue.
It’s time for every member of the TEA Party to “go Galt”. We’ll see how long the freeriding freeloaders in this country survive on their own without somebody else paying their way.
Well! That will cover half the stimuli...
No problemo sport, all sane American Citizens are "100% committed" to putting The Won, Hussein Obama The Magnificent, Choom-Choom Prezzy B in the unemployment line to test Nutjob NancyPants theory that unemployment compensation is “good for the economy” because unemployment checks are “job creators”.
In other news, all remaining democrat voters are nuts or commies.
I guess that is really not "news..."
.
I DARE HIM!!!!!!!!!!!!!!!!!!!!!
The dirty little secret about the Bush Tax Cuts is that most of them went to the middle and lower classes. He’s not about end all of those tax cuts - but the Republicans are TOO STUPID to understand that, so they’ll likely give Obama what he wants, like they always do.
Personally, I’ve always said that if we want a $4T government then WE SHOULD PAY for a $4T government (which, I guess is the case, since the Republicans keep rubber-stamping the president’s budgets and event he old people on this site want “their” money from the government)...so I’m all for ending these tax cuts...and I wouldn’t mind seeing a VAT and $5 gasoline tax too - that would just about get us to the point where MY CHILDREN (and future grandchildren) will not have to be debt slaves for the entire adult lives. It’s time the middle and lower classes starting paying for all the services that they’re stealing now.
Of course the other option is to simply cut the size of government, but that’s hopeless as even the old people on this site would never consider turning Social Security into a means-tested welfare program, which would be the first step in that direction.
Contradictory psychobabble. So we needed it at the time for stimulus and now they are crying for more stimulus but refuse to do what they did before to bring on stimulus?
Hey Gibbs, do you walk to work or carry your lunch?
A lot of people who are opposed to the “tax cut for the wealthy” will be surprised to learn that they are considered “wealthy.”
Obama wants to extend the “Bush tax cuts” for almost everyone. It is just the “rich” that he wishes to soak. And the reality is that these are now the Obama tax cuts.
Fiscal Cliff... here we come.
Taxmageddon lives!
I’m going to close my business in December. I’m 61, still in good health and had planned on several more years of employment. I could always re-open if the situation changes, but I refuse to be victimized by the communist scumbag. I can make it, everything I have is paid for, including my home. Obamacare, and the tax break expiration has convinced me.
Try: Obama 100% Committed to Ending America as we know it.
About 30000 years if they revert to stone-age cannibalism...
Sorry Obama, you have the power to end the Bush tax cuts for EVERYONE, including tens of millions from the middle class, but it will take an act of Congress to preserve those cuts for everyone but the RICH.
And I suppose all your future property taxes are paid in full?
ANYBODY BUT OBAMA
Asked on Sunday about the looming fiscal cliff, Senate Minority Leader Mitch McConnell said it would be a mistake for Obama to override the bill.
“The president shouldn’t veto that,” he said on the same CNN program. “This is the same president who signed the very same thing two years ago with the argument to do otherwise would make the economy worse.”
“And I suppose all your future property taxes are paid in full?”
I doubt he’s paid for his food yet either. That’s not his point - it’s that his future costs are relatively small and manageable, since he isn’t living the opulent, debt-ridden, lifestyle. It’s amazing how little people can live on, if they actually try to live that way.
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