Skip to comments.White House: 'Significant' debt deal possible (Dems propose $400-600 billion in new taxes)
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 ...
Not possible Rats, you lost the election.
Because $ 4.00 gasoline isn’t nearly enough to pay.
If the republicans after saying that any tax increase will not be part of negotiations, to then agree to ANY tax increases....then as far as I am concerned they can all go the devil.
Is there no one.. with any leadership qualities who can cut expenses and waist. Why penalize our businesses and the people who are successful?
I’m sick of these people. Sick to death of them.
Let the country go bankrupt... NO NEW TAXES....
The RINOs agree, but will call the new taxes, “fees”.
“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.”
"Will you walk into my parlor?" said the spider to the fly;
"'Tis the prettiest little parlor that ever you may spy.
The way into my parlor is up a winding stair,
And I have many curious things to show when you are there."
no mr carney, the only way for a deal to be reached is for you and your parasitic ilk to stop spending so God damn much of our money!
We’ve been here before. Many times.
Taxes will go up. Real spending won’t be cut by a penny. All the “cuts” will be illusory; cuts in future rates of growth, labeled “budget cuts.”
The economy will keep one foot in the grave; maybe go ahead and flop all the way into the casket. Stagflation will worsen, and the media will kvetch about how “the Presidency has gotten too big for just one man.”
yep, keep taxing the wealthy...that worked out great on the ‘Luxury Tax’...oh wait. it didn’t.
GTH Obama and Reid. You will NEVER get the Republican House to go along with tax increases. They are not gonna cut their own throats and take the country down with them!
” (Dems propose $400-600 billion in new taxes) “
The Pubbies (AKA ‘Obama’s herd of pet RINOs’) will hold out for twelve or thirteen dollars worth of ‘draconian’ cuts before knuckling under...
Yeah, now THAT'LL help the economy and spur on business to hire more workers.
Looks like the DNC will win after all.
“I hope my Republican colleagues will put the economy ahead of politics,” he said on the Senate floor. “I hope they’ll join us to create jobs and set aside their desire to please the tea party and defeat President Obama.”
Well, by golly gee, Reid. That is exactly what they will be doing when the REFUSE to hike taxes on small businesses! You pathitic, lying little pr*ck. Thanks alot Nevada for hoisting this complete moron on the country for another 6 years!
“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 that 30 minutes is the absolute limit of Obama’s attention span. (Drugs will do that to you).
So absolutely NOTHING has changed and the ONLY change would be the Republicans capitulating and going for tax increases.
Some pretty serious dickering going on there!
They don’t have to raise taxes. All they need is to have the President put out more regulations. That will automatically raise the cost of everything in the country.
I propose targeted tax increases for big companies and wealthy individuals, such as:
Like Bruce Springsteen who claims his estate as a farm in order to take a big tax cut,
Talk about the rich. Who is richer than these creeps?
Who can deny that members of the above are: