Skip to comments.Obama says tax hike will have to come first in "fiscal cliff" deal
Posted on 11/14/2012 2:37:15 PM PST by tobyhill
President Barack Obama said on Wednesday that Republicans would have to agree to raise taxes on the wealthy as the first step in a budget deal that would prevent a dysfunctional Washington from pushing the economy into recession.
In his first news conference since winning re-election last week, Obama said he would be open to considering Republican priorities like entitlement reform and a tax-code overhaul as part of a broad-based deal to get the nation's finances on a sustainable course.
But Obama said Republicans in Congress would first have to agree to his top priority in the complex negotiations aimed at preventing a $600 billion combination of tax increases and spending cuts known as the "fiscal cliff" that could halt the weak economic recovery at the beginning of next year.
"What I'm not going to do is to extend further a tax cut for folks who don't need it," Obama said, shortly before meeting with a dozen business leaders who are pushing policymakers to reach a deal.
(Excerpt) Read more at reuters.com ...
They “don’t need” money to hire people?
What a dufus.
Make it 500k and pass the deal.
We don’t need democrats posting on FR. Raise your own dang taxes doofus!
The RINO’s just got their orders from the Dictator.
Will they fold??????
Does Pinochio have a wooden penis?
Tell obama he should come to the house and attend discussions. If obama insists on preconditions then counter with preconditions that there are NO tax increases period.
Its Lucy, Charlie Brown and the football dodge again. Not unexpected!
This is sounding a lot like the rest of these failed deals where taxes go up.
Spending cuts never happen
Jay Leno: “Both parties in Washington now agree that our country is headed for a ‘fiscal cliff’. The bad news: We just elected a guy whose campaign slogan was “Forward”.
The stupid fool bonehead will do it again too. The rats did this to Reagan and then again last year which brought sequestration and they’ll do it again.
Best thing to do is NOTHING. Let all the tax cuts expire. NO DEALS.
Of course, what does bonehead and the rinos care what we think? They never have before.
We are wasting our time here though. Nobody listens and nobody cares what we think or say. May as well walk away and forget about it.
He wants to avoid a recession. Yet he wants to raise taxes on people making over $200,000....which will cause a recession.
I tend to agree. I pay about 8% in federal taxes right now. It won’t hurt me. It will hurt others. 2014 can’t come fast enough.
of course the hikes come first.
There won’t be anything that comes second.
Rush said to let them have what they want. I agree but make it tough on them. Then when everything crashes and burns we will fix it.
Don’t call me a Democrat. Those are fight’n words.
We’re in a Recession; this crap will push us into a Depression. He’s not an incompetent dumbass. He knows exactly what he’s doing.
Witnessing the corrupt Republicans and the criminal Democrats bicker over the US Debt, is like watching two drunks argue over a bar bill tab, on the Titanic.
So much for any discussion on what will be the best course of action to serve America best.
zero wants to increase taxes no matter what the taxpayers want.
Besides, with more tax money, he has more of our money to squander.
Tax hikes on the “rich” will include anyone working for a salary or wage. It would be nice if the GOP worms could point that out.
So how does taking money out of the economy (taxes) grow the economy?