Posted on 12/04/2012 1:20:49 PM PST by NormsRevenge
US President Barack Obama has said in an interview that he would consider lowering top tax rates as part of a wider reform of the tax code in 2013.
The White House also signalled that it might agree to increase taxes for the wealthiest earners to less than 39.6%.
Spokesman Jay Carney left open the option that rates would not have to rise to that Clinton-era level.
Lawmakers are deadlocked in efforts to avert steep spending cuts and tax rises due to take effect on 1 January.
Mr Carney said the "major obstacle" in reaching an agreement was a Republican refusal to accept an increase in the top income tax rate.
He also said the president was "not wedded to every detail of his plan", and knew that Democrats "wouldn't get everything they want". Future tax reform
Speaking to Bloomberg Television on Tuesday, Mr Obama suggested that tax rates for the wealthy could come down as early as 2013 if politicians a greed to comprehensive tax reform.
That sort of reform would close loopholes, reduce pre-tax deductions and find new ways to generate revenue.
"It's possible that we may be able to lower rates by broadening the base at that point," Mr Obama said.
(Excerpt) Read more at bbc.co.uk ...
but for now, he still strongly supports soaking the rich to avert the cliff..
one heck of a leader he is.. he won’t be bamboozled like clinton by the evil Rs ..
The image of Lucy, Charlie Brown and a football suddenly come to mind!
Least of all this punk.
Where are the MSM articles claiming that cracks are strating to show in Obama’s position?
Taxes? Why the hell do they keep talking about taxes? The problem is spending
You don’t need to lock down every detail to overwhelm the system.
In other words, he agrees with Romney?
The bad news: Bernanke holding back the spring of interest rates for 4 years while massively increasing money supply will in turn produce massive inflation, leading to: Everybody from hamburger flippers on up will be MILLIONAIRES, and thus enter the highest portions of the HIGHEST tax bracket.
But I doubt it.
What is this? April Fools Day? Does ANYONE believe a word he says? Oh, s’cuse me....enough did to re-elect the joker!
As believable as ‘But she’s only a friend’.
As believable as ‘But she’s only a friend’.
As believable as ‘But she’s only a friend’.
GOD I still can't believe the country was stupid enough to reelect this buffoon.
..and Skittle-pooping unicorns could once again roam the high plains..
I don't see either one happening any time soon.
I certainly didn’t vote to re-elect him. But why doesn’t Obama just let us go over the fiscal cliff and then after that, just inact his own tax cuts for the middle/lower class. Republicans would have to vote for a tax cut for the middle class after falling off the fiscal cliff. I must be missing something, this seems too easy.
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