Skip to comments.Obama: Iíve got my pen ready to raise those taxes
Posted on 11/09/2012 4:29:48 PM PST by Kaslin
In case you missed it this afternoon (or, if you just didnt want to watch it, in which case I sympathize), President Obama held his first post-election, fiscal-cliff, no-questions-please presser this afternoon, during which he iterated pretty much everything youd expect.
Obama brandishes presidential pen as he calls for more taxes
National Journal sums it up:
- In his first statement since winning reelection, Obama called on Congress to let the Bush tax cuts expire for individuals earning over $200,000 per year and families earning over $250,000. Lets extend the middle-class tax cuts right now. Lets do that right now, Obama added.
- The president said while he is “open to compromise,” he will not accept a Republican plan that only contains spending cuts. “I refuse to accept any approach that isn’t balanced,” he told an East Room audience.
- On Tuesday night, we found out that the majority of Americans agree with my approach, Obama said. Our job now is to get a majority in Congress to reflect the view of the American people.
Earlier on Friday, Speaker of the House John Boehner held his own press conference, implying that he was ruling out any tax hikes as part of a deal, via the NYT:
Its clear that there are a lot of special interest loopholes in the tax code, both corporate and personal, he said. Its also clear that there are all kinds of deductions, some of which make sense, others dont. And by lowering rates and cleaning up the tax code, we know were going to get more economic growth. …
But Mr. Boehner said he has a mandate as well.
Theres a Republican majority here in the House, he said. The American people re-elected a Republican majority, and Im proud of the fact that our team in a very difficult year was able to maintain our majority.
And I just know you’re curious about what House Minority Leader Nancy Pelosi thought about the whole thing, so here you go:
House Minority Leader Nancy Pelosi, D-Calif., responded to President Obama with a statement that the president “is exactly right – the American people voted on Tuesday for certainty for our economy and middle class families.”
“President Obama has his signing pen ready, and I am certain that, given the opportunity, Democrats in the House will vote to send the middle income tax cut to the President next week,” said Pelosi.
So, everybody’s geared up for the fight, and Senate Majority Leader Harry Reid affirmed his readiness to raise the debt ceiling to almost $19 trillion earlier this week — which is really awesome, since we’re set to hit around $20 trillion in debt by the end of Obama’s second term. I’m sure we can just keep delaying dealing with our debt, and delaying it, and delaying it, and delaying it…
(**&*&^*&@()Q()*__ to you, Mr. President.
The Warlord in Chief wants MORE class warfare and Reid wants to borrow $2.4 trillion more.
These people are killing the USA.
Obama spent all the money now he wants others to pay dearly.
I have to agree with barry. The whats in for me crowd do want higher taxes, just not for themselves.
Greece. On steroids.
Go ahead, then 100% blame goes to Obama. It’s going to happen anyway. We’re over the cliff, F it.
Bet he's not.
He can take that pen, sit on it, and spin for all I care.
I don’t fear this man child. My future is assured. I didn’t need to be promised 72 virgins.
Someone died for me. That was my salvation.
I say let what was agreed to by both parties in 2011 transpire-let ALL the Bush tax rates expire and let all the spending cuts take effect. Otherwise the agreement was a sham(shock!).
Boehner will fold like a cheap lawn chair. Mark my words.
He doesn’t have the b@11$ to stand up to Zero.
Where the hell has he been for the past year? Has anyone heard anything at all out of him?
The Republicans helped get us here with their lack of anything resembling a spine.
Time for some real change. The republican party is finished.
I know - I could barely stand to watch or listen to him (which I rarely ever did, and when I did, it wasn’t on purpose)the last 4 years...God only knows how I will be able to bear the next 4.
Sure, do it. Higher tax rates means actual revenue falls, and then where will the money come from to pay off the zombie hordes?
I think we’ll get some shotguns for Christmas.
Right on! Romney would have grief from the lame stream media if the economy went down. Let Obama own it. No more Bush to blame Mr. O.
They're already spending $1.40 for every $1 in revenue.
Would spending $1.50 make any difference to them?
And HE’S still in control
Eventually, the bubble has to pop. They always do. See Greece, for example.
However, lower revenue to government can’t be bad, in my opinion.
I agree on the pop.
I just wish I knew when and how it will happen so I could structure my investments to best survive. (other than the Kruggerrands I’ve got buried in the yard LOL)