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:
That’s Moochelle’s goal.
It will be the final nail in the coffin of our economy.
You pass your tax increase ideas in the Senate first, and THEN we can talk about how stupid-ass it is to kick the economy in the private parts like this and tell you - No. New. Taxes.
Jay, the Carney barker: You want a deal? Take taxes off the table or it’s “NO DEAL”.
You KNOW if they raise a half-trillion (!!) in taxes, they are going to figure out a way to spend every penny of it.
We have to many eaters, not enough producers. Well past the time to cut spending, as it will mean riots and revolution.
Tax-cheat Timmy says it would, especially if we raise taxes on those big bad rich greedy small business owners that need to pony up and pay their fair share to keep big government going............./s
“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.”
The Obama administration is the one who has dug the hole.
NO DEAL if there are any tax hikes. NO DEAL.
what about asking the 63.5million that don’t pay $.01 of fed tax to pony up??
“Looks like the DNC will win after all.”
That’s media spin for ya ... making the Dem losing position, the one that is GOING NOWHERE, sound like a great idea that everyone wants.
the Republicans need to make a simple request: Dems, pass your plan through the Senate. (hint: These bad ideas were already voted DOWN in the Senate.)
No new income taxes, but increase (or add) tariffs on outsourcing and on nations with high tariffs on us. We have to stop being the sugar daddy to other nations.
I love it. Call their bluff!
I could see a guy like Rep. Thad McCotter (R-MI) doing something like that.
If this is accurate, then it looks like the rat Usurper has thrown down. Will Boehner have the cojones to back up his words? McConnell?
McConnell meets with the kenyan tonight. It should take about thirty seconds, if he does what he says he will do.
Someone has to come up with that solution. There is general agreement that the next generation will not be as well off as their parents. This is a serious problem.
An economic system which produces an ever increasing lower class is unsustainable in a voting democracy. This isn't Syria where the haves can crush the have-nots with military force. It needs to be addressed now or face the voting consequences.
If taxes need to be selectively raised until this downward spiral is reversed, then that is an alternative. Those that see taxes as fixed in stone should come up with that 'big' help.
Obama is trying to negotiate a mass GOP defeat at the polls in 2012. I hope he fails.
If the GOP agree’s to this, they are over as a major party
The sole purpose for the rats pressing for tax increases is because the rats know that approval of any tax increases by the GOP would mean the death of the GOP. Period, end of discussion. All that’s left is to see if the GOP indeed commits suicide.
If the Rupublicans raise taxes $1 to pay off the bankers’ debts, which is what a tax increase would be, I will NEVER vote for them again under any circumstances.
It they want to go for political suicide, they can.
I wish I could be so sure.
So the Dems jack up the debt by more than 4 trillion by tacking on several bills at nearly a trillion a pop. The subsequently get destroyed at the polls losing 70 seats in the house and 7 in the senate.
Now as part of the deal to up the debt ceiling that THEY was to increase because of their spending, we have to agree to THEIR tax increases. Seems like a pretty unlikely deal.
You're on the wrong site, Bunky. You should take your big government diarrhea someplace else.
Raising taxes won’t raise any more revenue.
If we cut 600 Billion dollars—a sum that is not possible in this Congress and then raised the taxes by 600 Billion we would break even and still spend a trillion dollars more than we take in.
Dos that make sense to anyone here?
Obama farted and is pretending the fart sounded like “a significant deal with Republicans can be reached”.
Democrats are exuberant because they always believe Obama’s farts.
Tax government employees 10-15% of their paychecks as a “debt reduction act”
Tax government employees 10-15% of their paychecks as a “debt reduction act”