Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

White House: 'Significant' debt deal possible (Dems propose $400-600 billion in new taxes)
YahooNews ^

Posted on 06/27/2011 1:45:09 PM PDT by quesney

WASHINGTON (AP) — The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement. President Barack Obama made his first direct foray into the deficit negotiations Monday. He met with Senate Majority Leader Harry Reid in the Oval Office for about 30 minutes Monday morning, and planned to meet with Republican Sen. Mitch McConnell in the early evening. White House spokesman Jay Carney said Obama's meeting with Reid was "constructive" and the president concluded that there are still opportunities for a deal to be reached. But he said the only way to achieve that objective would be to include tax increases or the elimination of tax breaks for big companies and wealthy individuals.

"It's the only way to get it done," Carney said. The White House has proposed raising about $600 billion in new tax revenue, including ending subsidies to oil and gas companies, an idea that failed in the Senate.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Front Page News; Government
KEYWORDS: 0cokehead; 0wayhosers; 57states; bhofascism; bipartisan; butthead; congress; deal; debt; default; democrats; donttreadonme; dropbombpearlharbor; economy; fubo; govtabuse; kenyanvillagefraud; liberalfascism; maybealittleblow; nonsense; obama; possible; revenue; significant; sodomhusseinobama; tax; taxcheatparty; taxes; teachers; whitehouse
Navigation: use the links below to view more comments.
first previous 1-5051-100101-150151-200201-245 next last
To: Blood of Tyrants

Not just farm subsidies but all corporate subsidies. Like the Market Promotion Program


101 posted on 06/27/2011 3:09:56 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 96 | View Replies]

To: Colonel_Flagg

Most of them don’t make enough to count.


102 posted on 06/27/2011 3:11:11 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 57 | View Replies]

To: jersey117

I would loved to see our side, if congressional R’s are on our side, finally just say, “We can no longer negotiate with this administration in good faith.” Make the divide, which is already huge, more visible. The problem is the divide is not very wide in D.C.


103 posted on 06/27/2011 3:11:49 PM PDT by demshateGod (The fool hath said in his heart, There is no God.)
[ Post Reply | Private Reply | To 85 | View Replies]

To: savedbygrace; All

Also a lot of people here believe it..


104 posted on 06/27/2011 3:12:18 PM PDT by KevinDavis (Birthers are just as bad as the 9/11 Truthers..)
[ Post Reply | Private Reply | To 48 | View Replies]

To: eCSMaster

I’d vote for every single one of those...just to see the anguish and lashing out from the left.


105 posted on 06/27/2011 3:12:18 PM PDT by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
[ Post Reply | Private Reply | To 20 | View Replies]

To: GeronL

If we ended the income tax and replaced it with the Fair Tax, the only people out of a job would be the IRS and the thousands of tax accountants.


106 posted on 06/27/2011 3:13:27 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
[ Post Reply | Private Reply | To 101 | View Replies]

To: houeto

cut the waist...

cut the government fat...

sure why not...great pun on words!


107 posted on 06/27/2011 3:13:36 PM PDT by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: DarthVader

Senate Republicans have NO SPINE. Mitch will rollover. He should send DeMint over to take care of business


108 posted on 06/27/2011 3:13:36 PM PDT by personalaccts (Is George W going to protect the border?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: TSgt

That’s just wrong on so many levels. What a freak!


109 posted on 06/27/2011 3:14:16 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
[ Post Reply | Private Reply | To 27 | View Replies]

To: quesney

“”It’s the only way to get it done,” Carney said. The White House has proposed raising about $600 billion in new tax revenue, including ending subsidies to oil and gas companies, an idea that failed in the Senate.”

IDIOTS!

How about ending subsidies to ‘green’ energy which does absolutely nothing to help the economy or produce energy for consumption.


110 posted on 06/27/2011 3:15:38 PM PDT by kcvl
[ Post Reply | Private Reply | To 1 | View Replies]

To: cranked; All

A lot dorks here believe anything that comes from this White House.. So Sad So sad.


111 posted on 06/27/2011 3:15:51 PM PDT by KevinDavis (Birthers are just as bad as the 9/11 Truthers..)
[ Post Reply | Private Reply | To 53 | View Replies]

To: quesney

The bigger issue - this is his first foray into the budget talks? Where the —— has he been? The biggest issue facing the country, killing job creation and this is his first foray!

Ridiculous BS!!!


112 posted on 06/27/2011 3:15:58 PM PDT by Maryland Man (NOW is the time for conservatives to rise up!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

Higher taxes are inevitable. We’ve reached the point of no return on that one sadly. BUT, no new taxes until they make massive cuts in spending.


113 posted on 06/27/2011 3:16:23 PM PDT by StolarStorm
[ Post Reply | Private Reply | To 1 | View Replies]

To: personalaccts

When the House says “No” its “No”!


114 posted on 06/27/2011 3:20:08 PM PDT by DarthVader (That which supports Barack Hussein Obama must be sterilized and there are NO exceptions!)
[ Post Reply | Private Reply | To 108 | View Replies]

To: personalaccts

Not a bad suggestion. We should burn his phone lines and tell him that.


115 posted on 06/27/2011 3:22:03 PM PDT by jersey117
[ Post Reply | Private Reply | To 108 | View Replies]

To: StolarStorm
Higher taxes are inevitable. We’ve reached the point of no return on that one sadly. BUT, no new taxes until they make massive cuts in spending.

And what is your rational that there be higher taxes? Because you want to spend money you don't have? Did you have a mortgage you could not afford? have you been bankrupt? Yours is the type of thinking that has caused those events to take place.

Give me a break. DUmbkoff (with the emphasis on the DU).

116 posted on 06/27/2011 3:26:21 PM PDT by ProudFossil
[ Post Reply | Private Reply | To 113 | View Replies]

To: ProudFossil

Nice. Our deficits are so high I don’t see a way out that is politically feasible. Ideologically, I agree with you, but I don’t think it’s possible in this environment. I see our country crashing and burning due to our deficits and we need to shore up our finances using ALL methods.


117 posted on 06/27/2011 3:31:10 PM PDT by StolarStorm
[ Post Reply | Private Reply | To 116 | View Replies]

To: StolarStorm

>> “Higher taxes are inevitable. We’ve reached the point of no return on that one sadly.” <<

.
You’re either an idiot, or a plant.

Higher taxes will devastate our industrial production, small business (which is responsible for close to 90% of our jobs), and our economy.

We need a two year tax holiday to stimulate the economy, and the total repeal of Obamacare for starters. A repeal of all union protections is absolutely mandatory also.


118 posted on 06/27/2011 3:33:18 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
[ Post Reply | Private Reply | To 113 | View Replies]

To: StolarStorm; ProudFossil

>> “Our deficits are so high I don’t see a way out that is politically feasible.” <<

.
The way out is to repeal the congressional acts that created the spending. Now!


119 posted on 06/27/2011 3:37:10 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
[ Post Reply | Private Reply | To 117 | View Replies]

To: quesney
this really works....FDR took a recession and turned it into the Great Recession by pushing his leftist ideals.

SPEND SPEND SPEND 1934


120 posted on 06/27/2011 3:37:20 PM PDT by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
[ Post Reply | Private Reply | To 1 | View Replies]

To: editor-surveyor
Well, I'm not a plant so I guess I'm an idiot. I'm in favor of a flat tax that eliminates ALL deductions. Tax simplification will save a lot of money for everyone, even if the marginal rates end up slightly increasing revenues. I consider it a win win; start reducing the deficit with a combination of spending cuts and small tax increases where it makes sense.

But we can all just wish on a star and hope that the dems will do a complete turnaround and cut enough to save our country from financial ruin.
121 posted on 06/27/2011 3:38:15 PM PDT by StolarStorm
[ Post Reply | Private Reply | To 118 | View Replies]

To: brownsfan

Reid is one of the puppet masters.


122 posted on 06/27/2011 3:39:25 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Vaquero

Yep!

That’s the plan, use FDR’s blueprint.


123 posted on 06/27/2011 3:39:43 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
[ Post Reply | Private Reply | To 120 | View Replies]

To: StolarStorm

We don’t need the dems to cut anything.

No spending can take place without the House caving in. We need only for the House Republicans to stand firm on no deficits.

We need representatives with courage, not big talkers that cave like Boehner, Bachmann, etc.

Stop the bleeding and the body will heal.


124 posted on 06/27/2011 3:43:40 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
[ Post Reply | Private Reply | To 121 | View Replies]

To: TSgt

Thanks for the pic (seriously). I’ve read about this leech before, but never seen a photo until now.

Ten to one he poops in his diapers, too.

Nothing a little electroconvulsive therapy won’t cure.


125 posted on 06/27/2011 3:53:33 PM PDT by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: quesney


126 posted on 06/27/2011 3:53:47 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Big E
1) immediate repeal of Obamacare. Or 2) a balanced 2012 budget. Or 3) immediate defunding of EPA. Or 4) any combination of the 3.

I'd suggest: 5) All of 1 - 3.

I’m waiting for the GOP to prove me wrong, but they haven’t yet.

I'm waiting along with you.

127 posted on 06/27/2011 4:00:44 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
[ Post Reply | Private Reply | To 84 | View Replies]

To: Colonel_Flagg
Weepin’ Of Mass Destruction

Consider that stolen!! Truly priceless..

128 posted on 06/27/2011 4:05:06 PM PDT by Michael Barnes
[ Post Reply | Private Reply | To 56 | View Replies]

To: quesney
But both sides only seemed to harden their positions as the day wore on, the administration insisting on higher taxes as part of the package but Republican leaders flatly rejecting the idea.

Typical enemedia....with the misleading headline...
129 posted on 06/27/2011 4:17:13 PM PDT by Lucky9teen (Jobs? Nope! Economy? Nope! Disarm the U.S? Yep! Impeach the treasonous Marxist Muslim usurper bast)
[ Post Reply | Private Reply | To 1 | View Replies]

To: editor-surveyor
The way out is to repeal the congressional acts that created the spending. Now!

AMEN!!! Why do so many people think since an "agency" or "department" was created in the United States Government that it cannot be un-made by simply de-funding and getting rid of it?

Department of Education
Department of Energy
Environmental Protection Agency.

Three right there that are not needed for the continuation of the United States and could easily cover that 4-600Billion figure.

130 posted on 06/27/2011 4:20:48 PM PDT by Michael Barnes
[ Post Reply | Private Reply | To 119 | View Replies]

To: quesney

I have faith that the gop will stick to their no tax pledge and refuse to raise taxes by $400-$600 billion as the dems propose.

No, the gop will dig in their heels at about a trillion in new taxes. And not one penny less. And it’ll be the fault of the wascally dems who “forced” them to go along.


131 posted on 06/27/2011 4:26:20 PM PDT by RKBA Democrat (STOP the looting - Repudiate the National Debt)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney
Well it has become obvious the negotiation strategy for the Bamster, make a deal with the Senate appearing reasonable and businesslike. Then isolate the House Repubs and back them into a corner. Make a “default” the responsibility of the House and “Tea Party” Repubs.

When the default day draws near expect the stock market to “crash” by a bunch and all the talking heads to vilify the Repubs intransigence.

This had been the plan for 6 months, Bam is going to try and win the election in the next 60 days. If they cave, the Repub base is lost, if they balk then the Repubs are causing the recovery to fade. It is all so predictable, do you trust the Repubs to stand their ground?

schu

132 posted on 06/27/2011 4:26:56 PM PDT by schu
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

133 posted on 06/27/2011 4:30:10 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diogenesis

134 posted on 06/27/2011 4:32:35 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
[ Post Reply | Private Reply | To 5 | View Replies]

To: hinckley buzzard

135 posted on 06/27/2011 4:36:30 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
[ Post Reply | Private Reply | To 36 | View Replies]

To: quesney

More taxes - what a shock.

You just can’t run a government with less than several trillion dollars anymore.

Once again, the little people get screwed in Obamaland....


136 posted on 06/27/2011 4:38:10 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

More taxes - what a shock.

You just can’t run a government with less than several trillion dollars anymore.

Once again, the little people get screwed in Obamaland....


137 posted on 06/27/2011 4:38:17 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

More taxes - what a shock.

You just can’t run a government with less than several trillion dollars anymore.

Once again, the little people get screwed in Obamaland....


138 posted on 06/27/2011 4:38:29 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney

More taxes - what a shock.

You just can’t run a government with less than several trillion dollars anymore.

Once again, the little people get screwed in Obamaland....


139 posted on 06/27/2011 4:38:45 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: editor-surveyor

140 posted on 06/27/2011 4:43:42 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
[ Post Reply | Private Reply | To 123 | View Replies]

To: quesney

Why is it news when Obambi meets with Harry Reid, and they come up with plans for a tax increase?


141 posted on 06/27/2011 5:01:36 PM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney
"But he said the only way to achieve that objective would be to include tax increases or the elimination of tax breaks for big companies and wealthy individuals."

Heh. The "big companies" and "wealthy individuals" are employed or partnered directly and/or indirectly with big government. Put big taxes into 'em, get a smaller proportion of taxes out.

Meanwhile, we peasants (some rich and mostly poor) will avoid making unnecessary personal expenditures and become self-sufficient. Government will have no choice but to eventually radically cut spending, taxes and regulations.


142 posted on 06/27/2011 5:02:01 PM PDT by familyop (We Baby Boomers are croaking in a thunderous avalanche of rottenness heard across the universe.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kcvl
How about ending subsidies to ‘green’ energy which does absolutely nothing to help the economy or produce energy for consumption.

Exactly. Those are actually real subsidies. I am sick and tired of hearing all this blather from DC and the MSM about "oil company subsidies." Total BS, what they are choosing to label as such, simply are not. For the most part they are talking about across the board research and investment tax credits that are available to all industries. What they are really saying is that they want to implement yet one more inequity in the IRS code to specifically penalize a target (oil & gas companies in this latest example). But hey, with gasoline prices what they are of late, what better target to gin up anger against? (Who cares that various government entities up and down the line are actually extracting substantially more $$$/gallon than oil companies actually record as profits?) It just grinds my gears.

143 posted on 06/27/2011 5:04:41 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
[ Post Reply | Private Reply | To 110 | View Replies]

To: quesney

1. stop spending
2. sell assets
3. pay off debt


144 posted on 06/27/2011 5:06:58 PM PDT by FlyingEagle
[ Post Reply | Private Reply | To 1 | View Replies]

To: quesney
Raising taxes is stupidity that is only concerned with servicing the debt PERIOD!

One does not grow an economy with more taxation UNLESS they think that government central control is what drives the economy and that government knows better than the people what is of value and what is not in the market. Plain and simple, those that give the reason of the economy as reason for more taxation are those that thing government should run things and the economy is just an excuse to retain or accrue more government power.

Raising taxes while reducing the debt (e.g. reducing government spending that generates no capital, creates no wealth, subsidizes failure, and ultimately is only an expense) is nothing more than reducing less what needs to be reduced MORE.

145 posted on 06/27/2011 5:07:43 PM PDT by DBeers (†)
[ Post Reply | Private Reply | To 1 | View Replies]

To: zzeeman

Their approach to spurring the economy has worked so well in the past!
We should listen to them./s


146 posted on 06/27/2011 5:16:48 PM PDT by kcvl
[ Post Reply | Private Reply | To 143 | View Replies]

To: GeronL

We have the Winner of all quotes


147 posted on 06/27/2011 5:17:13 PM PDT by Sir Beowolf ("You might want to think about a Trade in" 2012 is coming)
[ Post Reply | Private Reply | To 49 | View Replies]

To: quesney

No, no, a thousand times NO NEW TAXES!


148 posted on 06/27/2011 6:04:55 PM PDT by ducttape45
[ Post Reply | Private Reply | To 1 | View Replies]

To: ex-snook
There is general agreement that the next generation will not be as well off as their parents

Time to bury that chestnut. The generation that grew up during the Great Depression did not enjoy the life their parents had in the Roaring Twenties. Since the twentieth century prosperity has not followed a straight upward track.

One thing we know from history--raising taxes and gubmint spending now will guarantee not only extended misery (stagflation) but destruction of the dollar as well.

149 posted on 06/27/2011 6:07:52 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 38 | View Replies]

To: Michael Barnes

I’d add HUD to that list (not sure what department that is under and a host of other departments. But I’m leaning toward wanting to keep the EPA. Not as a force for “green” initiatives, but to make sure we don’t have to drink benzene in our tap water. Call it what you will, but we do need some kind of enforcement on toxic wastes.


150 posted on 06/27/2011 6:10:17 PM PDT by StolarStorm
[ Post Reply | Private Reply | To 130 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-5051-100101-150151-200201-245 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson