Skip to comments.Obama will not extend tax cuts, W.H. says
Posted on 06/06/2012 10:12:04 AM PDT by Free ThinkerNY
The White House is sticking by its opposition to an extension of the Bush tax cuts for wealthy Americans despite the increasing number of Democrats voicing support for it, including former President Bill Clinton.
Press Secretary Jay Carney told reporters aboard Air Force One on Wednesday that President Obama will not sign an extension.
"He will not. Could I be more clear?" Carney said, according to the Associated Press.
(Excerpt) Read more at politico.com ...
I’d like to think he won’t be around for it to matter.
Here’s another nail for the coffin.
Obama Promises to Tank the Economy
Can the working class wage earner not understand that when AP says 'wealthy Americans' they are talking about him?
Washed his hands.
Sealed his fate.
How to LOSE an election in ONE easy step!
Okay, Mr. Boehner, here’s your opening.
Pass another extension and dare Obama to veto it (and/or the Senate Dems to kill or bury it).
From “How to be House Speaker for Dummies” Vol. II.
SCORCHED EARTH. What a spoiled child. He’s taking his marbles and going home in November..and he knows it..and eff everybody else.
Just wait until his real parting shots in December and January...the prison doors will be wide open..
Wait until it comes time..these taxes can be repealed, tax cut extensions granted..etc. after 1/20/2013
Obama will not extend tax cuts, W.H. says
>> From How to be House Speaker for Dummies Vol. II.
You mean “How to be House Speaker for SPINELESS Dummies”
Not a problem. Just take the Senate and White House, then announce that it will be reinstated in January first thing, so that people don’t freak out in December when it expires. Then use it as part of the budget so it is not susceptible to a filibuster (or dump the filibuster in Senate rules altogether, but that is another issue). Done.
Just doing what a good little Marxist does.
F U B O
Not unless someone tells them the truth, which the news media will never do.
It's going to be up to the GOP to let people know that if they are currently in the bottom 10% tax bracket, as of January 1, 2013, their income taxes are going to increase by at least 50%, and by more than that if they are married and have children living in the household.
And also - several million people who are currently not paying any income tax are going to be added back onto the tax rolls.
” How to be House Speaker for Dummies Vol. II.”
Boehner won’t be able to read it.
The echoing chant of: “FOUR MORE MONTHS” is ringing in my head. He will do nothing to assist our economy or the working class...NOTHING. And likewise, they should oblige him on his re-election effort.
The Kenyan needs to start packing his bags. He’ll be moving soon.
Feeling depressed, betrayed and anxious about the future of America?
227 Days, 23 Hours, 28 Minutes, 33 Seconds..... until Inauguration Day 2013 and the end of our long national nightmare.
Oh, what a treasure trove of material BO has served up on a silver platter!
Gee, another great idea from the “Lost In Space” White House.
I swear, these people couldn’t find their butts with both hands.
Look for Obama to be now “one and DONE” with that decision.
Also this is slapping the face of a President before him, Bill Clinton who made the idea known.
“He will not. Could I be more clear?”
Obama is resigned to the fact that he is going to lose, now he is pandering to his barking moonbat base to keep his loss margin from setting a record as the highest in history.
Why are these called the “Bush tax cuts”? The Bush legislation EXPIRED. Signing an extension makes them NEW LEGISLATION and thus the “Obama tax cuts”.
He’ll extend the tax cuts...how else will the msm have the money to replace those worn kneepads?
After he sees how well this benefits the Romney campaign, he’ll change his tune....or at least the words...
Romney could enhance his campaign by emphasizing the importance of a Republican Sentate, to implement reversals of Obama tyranny.
(we need at least 53 to neuter the McCain effect)
Please, don’t be misled. These commie bastards are accomplishing exactly what they’ve set out to do. They are using the Cloward-Piven strategy to destroy the Republic. So long as folks cannot understand that is the goal of these lying bastard commies, they can continue to ‘make mistakes’ while checking off their list of things to do to collapse the eceonomy of this nation and usher in world-wide ‘governance’ through world-wide economic collapse, stravation, and chaos. These evil bastards are the enemies of freedom and a Constitutional Republic, so don’t give them the excuse of stupidity. They are using demonic brilliance!
Sure about this?
He toook the bait now we just reel him in.
Good. We are not going to have much support on cutting spending until EVERY American is paying federal taxes.
If I had my way, federal income tax would be a flat rate, starting with the first dollar, like SS taxes are.
Uh-huh. We'll see. This administration has a history of saying one thing and doing the opposite when they think that no one is looking!!
You can ask that with the pres_ _ents economic advice coming down to borrow more to make US fiscally sound? How trillions in debt will it take for you to realize these enemy bastards are trying their best to end The Republic by bankrupting US out of our freedom?
Agreed - a low, flat rate would be preferable, along with a larger taxpayer base and elimination of the wasteful, economically-distorting abomination that our tax code has become. Plus, by giving more people “skin in the game” - you’d naturally create a much larger constituency for limited government spending.
NEVER raise taxes in an election year. Any professional politician knows that. Obama is just a big-eared skinny little mooselimb Kenyan kid that had major support from others to get him elected. As President, though, he can sink his own boat and there is nothing his backers can do about it.
By allowing the 2003 tax cuts to retire, President “Present” will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.
Raising the 10% bracket to 15% represents what percentage of increase? Hint: The correct answer is NOT 5%.
Raising the 20% bracket to 25% represents what percentage of increase? Hint: The correct answer, again, is NOT 5%.
Finally, raising the 35% bracket to 39% represents what percentage of increase: Hint: The correct answer is NOT 4%.
Extra credit question: People in which tax bracket will see the largest percentage of increase in their taxes?
Extra extra credit question: People in which tax bracket will see the smallest percentage of increase in their taxes?
To those moving from the 35% to the 39% tax bracket...thats roughly an 11% increase in taxes.
From 20% to 25%...thats a full-blown 25% increase in taxes.
To those moving from the 10% bracket to 15%, their taxes will be increased by a whopping 50%.
So the low-income people get their taxes raised even more when seen as a percentage. And the rich folks lose a higher magnitude of money,but the percentage compared to what they already make is lower.
What a bafoon!
Yeah, I guess so.
I still think they’re stupid.
You gotta wonder if Obama is really serious about running for reelection. He’s giving Romney so many gift wrapped presents in the form of his behavior, demeanor and lack of work ethic. Romney needs only show is birth certificate, college records, success in business, the Olympics and as governor. Obama is so much out of his league. Now, stepping back, one has to remember that there are a lot of ignorant, closed minded people who would vote for Obama even if Obama didn’t care one iota about them... which, by the way, he does not care about anybody period!
Stuck on stupid and doubled down!
Interesting, is it not, that the first (second) Black President engages in rampant discrimination?
Well, Jay, that depends on what you mean by that question. Are you asking whether the things you say could be said more clearly or are you asking whether you are capable of being more clear? Could you clarify that for us?
Good.....Keep it up Preezy....Keep digging that grave.....
Obama just conceded the election to Romney.
Don’t think the Democrat party machinery isn’t aware of that, either. Now watch support for his re-election really tank. He’s gone, folks.
Uh...that last bit is only a resume enhancer if you're a liberal Democrat. Best not tout that one too much, if you're hoping to get him elected.
So ‘automatic’ tax increases are coming. Great.
I wonder if anyone is going to lift a finger to ‘fix’ the AMT also.
It expires at the end of this year and without a new ‘patch’ families making around $150K will get hit ‘automatically’.
And lets not forget the failure of the ‘super committee’ and the associated ‘automatic’ cuts and mayhem that will create.
We need to be wary when congress uses words like ‘automatic’ or ‘expiring’.
Unfortunately, very few people have ever even heard of the Cloward-Piven Strategy.