Skip to comments.Obama’s weekly address: 'I won’t compromise on tax hikes on the rich'
Posted on 12/08/2012 9:50:32 AM PST by SeekAndFind
Taxes will rise on all Americans in 23 days without bipartisan Congressional intervention. But President Obama and House Republicans are showing little sign of breaking the frosty standoff over the fiscal cliff. Both sides remain at loggerheads over what to do about tax rates for the top two percent of income-earners and the nations debt limit.
In his weekly address, Obama says he wants an immediate resolution, but only if Republicans agree to raise the top tax rates on individuals earning $200,000 or more. If were serious about reducing our deficit while still investing in things like education and research that are important to growing our economy and if were serious about protecting middle-class families then were also going to have to ask the wealthiest Americans to pay higher tax rates, he says. Thats one principle I wont compromise on.
After all, this was a central question in the election, Obama adds, alluding to the fact that he won.
(Excerpt) Read more at abcnews.go.com ...
Really looking forward to his Michigan visit on Monday.
$200,000 is considered rich for Obama for now. I believe the bar will be set EVEN LOWER as he finds out that he won’t get enough revenue with this tax hike.
“The Rich” = The Job Creators.
A concept lost on Bronco Bama, since he never worked a day of his pampered life in the private sector.
1. No increase in the debt limit, under any circumstances.
2. No increase in ANY taxes (The Bush cuts expire)
3. Spending cuts to fill the gap
...for everyone to pay their fair share....
...therefore, how about a "minimum" tax on the chronic welfare people.
...what is "fair" about the majority of people who vote being on welfare and voting "their conscience"? They will vote for more welfare every time.
WE CANNOT SURVIVE WITH WELFARE RECIPIENTS IN CHARGE.
One thing that is never done is a results driven analysis of all bills after they have passed which includes all promises made to pitch said bills.
Politicians would have to answer for their lies and they would be less likely to lie the next time.
Unfortunately, this is never done and the lies continue.
Interesting what is constituted as rich. The ever expanding poor will be next to the so-called rich. No more middle class.
From little bammy?
Laughable... except that he is destroying this Republic.
RE: The Rich = The Job Creators.
Not to Obama voters.
“The Rich” = Paris Hilton types = Wall Street Folks who caused the mortage crisis.
RE: The Rich = The Job Creators.
Not to Obama voters.
“The Rich” = Paris Hilton types = Wall Street Folks who caused the mortgage crisis.
Of course not!
Some time ago, Senator Baucus explained in the following manner what was to happen under the new paradigm for governing America.
Baucus: "It is a shift, a leveling . . . ."
America's liberty and prosperity for over 200 years was based on another idea, for the earnings of hardworking citizens were protected from the coercive hand of government by a written Constitution which did not allow so-called "progressives" of the world such "taking" power. Hear Samuel Adams:
"Is it not high time for the people of this country to explicitly declare whether they will be free men or slaves. It is an important question which ought to be decided. It concerns more than anything in this life. The salvation of our souls is interested in this event. For wherever tyranny is established, immorality of every kind comes in like a torrent, it is in the interest of tyrants to reduce the people to ignorance and vice. - Samuel Adams
The utopian schemes of leveling and a community of goods, are as visionary and impractical as those which vest all property in the crown. These ideas are arbitrary, despotic, and, in our government unconstitutional. - Samuel Adams
He has such a habit of flying in and f*****g things up before we can finish them.
Because Tuesday is when the your house and senate reconciliation the bill isn't it?
I know your Governor is of the RINO verity.
Sooo- Now Obama has gone from raising on $250,000 or more to only $200,000? By the time another coupld of weeks pass, it will be down to $20,000.
Funny how even he cannot keep his stories straight.
What bothers me the most is that Republicans get suckered over and over again into a deal which has UNDEFINED ACTIONS by Obama SOMETIME in the FUTURE.
We are supposed to have very rigid parts to our concessions, but he fudges all over the place. In the end. Obama never fulfills his part of any bargain, and then the Republicans get into another debate & repeat the same dance all over again.
Time for the Music to stop.
Why do the GOP think they will get anything but higher taxes - he ran his whole campagin using that as his “get out the vote” message!! The House is crazy thinking about stopping it...their focus must be on the trade!!
Now its >$200K ??
Its seems to be going lower by the day. By Jan 1 he may be demanding >$100K.
It will be signed into law.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.