Skip to comments.Obama Willing To Go Over Fiscal Cliff, According To White House Leaks
Posted on 12/03/2012 4:26:04 PM PST by drewh
White House sources are telling Democratic reporters that the president is willing to go over the so-called fiscal cliff if GOP leaders dont agree to his demand for higher tax rates on the wealthy without substantive spending cuts.
A political deadlock would mean an automatic tax increase for middle-class and wealthy Americans on January 1, and the opportunity for Obama and the Democrats to push a tax-cutting bill for middle-class voters in 2013, say the White House officials, who leaked the claim to two liberal columnists.
The first of two December 3 leaks came via the left-wing Mother Jones Magazine publication, where columnist David Corn reported that according to senior administration officials, Obama is not eager to go over the cliff, but he is willing. If no deal is reached by the end of the month, all the Bush tax cuts for the rich and not-rich will evaporate.
Obama would then demand in early January that the new Congress immediately pass legislation to reinstate the lower tax rates for the bottom 98 percent, wrote Corn.
Corns claim was later seconded by a left-wing columnist at The Washington Post, Greg Sargent, who sometimes is used by the White House to leak official views.
I have just confirmed that [Corn's report] is accurate Obama is willing, albeit very reluctant, to go over the cliff, Sargent wrote.
This stance puts Republicans at a disadvantage because the fiscal cliff will automatically raise upper-income taxes, ensuring Dems can come back and move to pass just the middle class tax cuts, challenging Republicans to vote against renewing them after they have expired, Sargent wrote.
But a deadlock and a trip over the fiscal cliff would also allow the GOP to stand firm on their opposition to any increases in tax rates, and effectively require the Democrats to cooperate with a GOP proposal to revamp the nations tax laws in 2013.
That national tax debate could help the Republicans win the 2014 mid-term elections, when Obama and Democrats will try to regain the House majority lost in 2010.
Democrats and White House officials are already trying to blame the GOP for any deadlock and the scheduled tax increases, and are now arguing that the nations stalled economy was caused by the GOPs determination to protect the income of wealthy Americans.
Obamanation style Communism File.
You really want to crash the economy...just to "stop the bickering"?
I understand your frustration...but you chose a very immature way to express it -- the "I'll break it, so nobody can play with it" approach.
And I don't think you really mean that...
The plan is the Detroit-ification of America. Economic destruction is perfectly compatible with permanent Democrat/communist rule.
The poll question wasn’t “Who do you blame for shutting down the government?” It was “Who is responsible for shutting down the government?” Everyone I knew at the time was all in favor of shutting it down and gave the republicans credit. But, of course, the media said the majority “blamed” republicans. And that’s how Clinton got a way with it.
No, its because of the Emergency WWII Measure called "Withholding" that was made permanent.
You can't stop "withholding" which provides DC with a constant stream of fresh revenue.
Even if millions of people were to suddenly refile their W4 forms and claim 100 dependents each, it wouldn't stop the flow of payroll taxes.
DC has managed to tap into everything. Its over, folks, you can't starve the beast that way. The only way for it to happen is for millions of small businesses to suddenly shut down all at the same time and discharge tens of millions of people all at the same time.
Not. Gonna. Happen.
First of all, I am not breaking anything. Secondly, the sooner this regime fails, the better for the country.
If you think it is immature to want the inevitable over with sooner rather than later, to face what needs to be faced in order to build a better future, than you were obviously born well before I was, and of course, much smarter than I will ever be.
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