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Obama says deficit plan must include higher taxes for wealthy (OK! Bush Tax Cuts will expire)
the hill ^ | 11/9/2012 | By Amie Parnes and Russell Berman

Posted on 11/10/2012 6:04:06 AM PST by tobyhill

President Obama called on Congress on Friday to reduce the deficit in “a balanced and responsible way” in his first public remarks since winning reelection.

The president said Congress should extend the current tax rates for 98 percent of Americans, but raise taxes on households with annual income of more than $250,000.

Obama did not talk about higher tax rates in his speech, but said he would not accept a deal that cut spending and entitlements but did not ask wealthier households to pay more taxes.

“If we’re serious about reducing the deficit, we have to combine spending cuts with revenue and that means asking the wealthiest Americans to pay a little more in taxes,” Obama said. “That’s how we did it in the 1990s when Bill Clinton was president, that’s how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy.”

(Excerpt) Read more at thehill.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: abortion; deathpanels; idiotsdidntvote4mitt; obamacare; zerocare

1 posted on 11/10/2012 6:04:12 AM PST by tobyhill
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To: tobyhill

Am I wrong or is “taxing the rich” the one thing he says he will not compromise?
Not that I believe anything this lier says.


2 posted on 11/10/2012 6:08:13 AM PST by Leep (Are you smarter than a 7th grade math student and or Barack 0bama?)
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To: tobyhill

Shut this economy down.


3 posted on 11/10/2012 6:09:17 AM PST by Principled
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To: tobyhill

If the President feels so badly about the rich, why doesn’t he give up his Presidential salary?

Why doesn’t he pay more in taxes as he has every right to choose to do.

The President wants racist revenge on rich white people, that is his goal. In the meantime he is slamming hell out of Middle incomepeople too. He knows the facts, that if we took every penny the rich have it would not solve the problem.

Any more than taking away the oil company deductions of 2 billion dollars will negate the 90 billion he gave to Greenies so they could go bankrupt with our money.

The Democrats really did re-elect this stupid Muslim didnt they.


4 posted on 11/10/2012 6:10:00 AM PST by Venturer
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To: tobyhill

The wealthy will leave and we the middleclass while we are still alive will be temporarily footing the bill..... until this runs out the people march and the real plan is put into effect, welcome comrad to the new Amerikka. why do you think the feds took over education of our children, so they know nothing about history and the repeat of it. Ask anyone here from a communist government


5 posted on 11/10/2012 6:11:21 AM PST by ronnie raygun (bb)
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To: tobyhill

The wealthy will leave and we the middleclass while we are still alive will be temporarily footing the bill..... until this runs out the people march and the real plan is put into effect, welcome comrad to the new Amerikka. why do you think the feds took over education of our children, so they know nothing about history and the repeat of it. Ask anyone here from a communist system


6 posted on 11/10/2012 6:11:38 AM PST by ronnie raygun (bb)
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To: tobyhill
I hope they ALL expire. I hope that we not only get the 2 percent increase with SS, but that we ALL get a raise in taxes. I want this country to feel what they voted for. I hope that people making 30-50K a year see a 200 dollar a month decrease in their pay checks. I want this tax increase so noticeable that people MIGHT wake up. I know it will hurt us too but I think we need something drastic to happen so I am sorry for FREEPERS who will suffer for this increase, but I do believe that it MIGHT make things better next election.
7 posted on 11/10/2012 6:15:15 AM PST by napscoordinator (GOP Candidate 2020 - "Bloomberg 2020 - We vote for whatever crap the GOP puts in front of us.")
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To: tobyhill

Republicans should just let the Bush era tax cuts expire at this point. (it a loser with the MSM fighting Democrats battles for them). Then start an ad campaign asking our moron in chief how he plans on closing the rest of the deficient spending now that the tax on the “rich” have put a microscopic dent in federal spending.


8 posted on 11/10/2012 6:18:52 AM PST by Fzob (In matters of style, swim with the current; in matters of principle, stand like a rock. Jefferson)
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To: All

THE PRICE TAG we are paying so that America-hater Obama and desperate vote-crazed pols can get re/elected.

NOTE Oftentimes the conniving pols bury these programs within other programs making them difficult to find. Americans have been hammered with govt propaganda that it was the Iraq war and the war on terror that is bankrupting the US. Here’s the real reasons:

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.
Verify at: http://www.fairus.org/site/PageServer?pagename=iic_immigrationissuecenters7fd8

2. $22 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens. Verify at: http://www.cis.org/articles/2004/fiscalexec.HTML

4. $12 Billion dollars a year is spent on primary & secondary education for children here illegally and [usually] cannot speak a word of English. Verify at: http://transcripts.cnn.com/TRANscriptS/0604/01/ldt....0.HTML

5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies (or as Terry Anderson says “JACKPOT” babies!)Verify at: http://transcripts.cnn.com/TRANscriptS/0604/01/ldt.01.HTML

6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens. Verify at: http://transcripts.cnn.com/%20TRANscriptS/0604/01/ldt.01.HTML

7. 30% percent of all Federal Prison inmates are illegal aliens. Verify at: http://transcripts.CNN..com/TRANscriptS/0604/01/ldt...01.HTML

8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & socialservices by the American taxpayers. Verify at: http://premium.cnn..com/TRANSCIPTS/0610/29/ldt.01..HTML

9. $200 Billion dollars a year in suppressed American wages are caused by the illegal aliens. Verify at: http://transcripts.cnn.com/TRANSCRI

13. In 2006, illegals sent $45 BILLION in remittances to their countries of origin.

Verify at: http://www/..rense.com/general75/niht.htm

14. The Dark Side of Illegal Immigration: Nearly One million sex crimes committed by Illegal Immigrants In The United States. Verify at: http: // www.drdsk.com/articleshtml

The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR WHICH WOULD BE ENOUGH TO STIMULATE THE ECONOMY FOR THE CITIZENS OF THIS COUNTRY. Are we THAT Stupid?WAKE UP AMERICA!!!!!!!!!

PLUS!

1. The Earned Income Credit...money people get back on their taxes that they NEVER paid into in the first place! Illegal aliens, most of which pay zero in net taxes, enjoyed $4.2 billion from the Additional Child Tax Credit (ACTC) last year. That’s more than the annual revenue from the selected oil tax deductions and corporate jet deductions combined!Verify: http://www.redstate.com/dhorowitz3/2011/09/02/illegal-aliens-receive-4-2-billion-in-additional-child-tax-credits/

2. The cost of prosecuting and making SURE the “rights” of illegals are protected by US laws madefor US citizens. In 2009, the U.S. Justice Dept filed nearly 92,000 pro-immigrant-related criminal cases in the federal courts. The record-breaker accounted for more than half of all new federal prosecutions, according to data maintained at Syracuse University. Verify at:

http://towncriernews.blogspot.com/search?q=federal+court+cases


9 posted on 11/10/2012 6:22:08 AM PST by Liz ("Come quickly, I'm tasting the stars," Dom Perignon)
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Obama's Empty Chair posted this on Facebook:

Obama s Empty Chair

10 posted on 11/10/2012 6:23:07 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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Thanks Vintage Freeper for posting this:

Debt Ceiling Debate in a Nutshell | Creators.com | 07/29/2011 | Chip Bok | Posted on 07/30/2011 12:12:11 PM PDT by Vintage Freeper

11 posted on 11/10/2012 6:23:07 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks tobyhill.


12 posted on 11/10/2012 6:23:07 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: tobyhill

“Tax the rich”

I’ve worked hard for a long time, against the friction of incessant taxes, to reach a point where they want to take more and more of what I’ve earned while I’m alive, and more and more of what’s left for my family after I die.

Even so, in a time of crisis, I could temporarily go along with this if I didn’t think Obama and the Dems were such liars. They want it all.

In particular, this 10 for 1, or 5 for 1, expenses cut versus tax raises, will prove to be particularly false. For example, let’s say they settle on 5 to 1. Obama will want to count $2 trillion in war savings as a cut, so without changing anything, he’d ask for $400 billion in tax increases (over ten years). And that’s the way it will go with everything. They will use baseline budgeting as the expense level, so there will be no real cuts—but there will definitely be higher taxes.

And, after a couple of years, even though the deficits will still be large, the increased taxes will be used as a platform for increased future spending. “We’ve sacrificed so much for so long; the still-wealthy should show economic patriotism and fund these programs for our suffering new amnesty-granted citizens. They are Americans, too.” I can hear it all now.


13 posted on 11/10/2012 6:24:35 AM PST by Pearls Before Swine (Cynical about the political process. Who, me?)
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To: tobyhill
For those of us in the Northeastern part of the United States, $250,000 isn't rich. I know a pair of attorneys who work as county prosecutors. Their household income from lawyering is probably right around $250k. If they're so rich, how come they hostess/bartend at a nearby Irish pub for extra cash? The only "luxury" they've got in their lives is they send their kids to Catholic school (about 5 grand a year). They live in 3 br 1.5 bath home in a nice, safe neighborhood, but it's nothing fancy. The wife drives a minivan and the husband drives an old accord.

In conversations with the wife, my wife found out that they're working the extra jobs because they wanted to have money for the extras. Turns out, "extras" is things like little league dues and soccer shinguards for the kids.

I am really beginning to detest Democrats.

14 posted on 11/10/2012 6:24:35 AM PST by old and tired
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To: tobyhill

Lowering tax rates will actually increase the revenue to the feds. This has been shown time and time again. He’s either too stupid to understand this, or too committed to punishing the rich to give a damn.

The unfortunate result will be that the debt and deficit will increase and growth will decrease because a group of Americans are being targeted for punishment. Disgusting.


15 posted on 11/10/2012 6:25:00 AM PST by youngidiot (God help us.)
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To: ronnie raygun
How stupid do you have to be to believe you can tax the rich?Actually, how stupid do you have to be to believe that some rich guy can tax the rich and will give you the money?

Were that true there would be no rich - the ultimate outcome of all socialist endeavors.

We are a pathetic nation of greedy, self-indulgent imbeciles neither capable nor deserving of freedom.

16 posted on 11/10/2012 6:26:44 AM PST by Aevery_Freeman (All Y'all White Peoples is racist!)
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To: Pearls Before Swine

/bingo


17 posted on 11/10/2012 6:27:32 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: ronnie raygun
How stupid do you have to be to believe you can tax the rich?

Actually, how stupid do you have to be to believe that some rich guy can tax the rich and will give you the money?

Were that true there would be no rich - the ultimate outcome of all socialist endeavors.

We are a pathetic nation of greedy, self-indulgent imbeciles neither capable nor deserving of freedom.

18 posted on 11/10/2012 6:28:12 AM PST by Aevery_Freeman (All Y'all White Peoples is racist!)
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To: SunkenCiv

Just let the bush tax cuts expire. This way Boehner can go on TV and say the Bush tax cuts were tax cuts for he rich, therefore the expiration of them takes care of the tax increase on the wealthiest.

Then let the media and Obama try to explain it away.


19 posted on 11/10/2012 6:28:27 AM PST by EQAndyBuzz (Media goes nuts in 2004 because Bush went to the dentist 20 years ago. Benghazi? Nothing.)
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To: youngidiot

I’ve tried that argument many times when talking to Libs and they seem to be dumb to understand. It’s time to just let it go and prove to them that raising rates on everyone will not work despite everyone paying their “fair share”.


20 posted on 11/10/2012 6:28:31 AM PST by tobyhill
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To: old and tired

Terrible. $250,000 a year should afford one things such as Catholic school and little league. I’m afraid the rest of the nation is soon to follow the Northeast.


21 posted on 11/10/2012 6:30:13 AM PST by youngidiot (God help us.)
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To: napscoordinator; Fzob

That is the right move — but let the Demwits do it.

First off, refuse to budge on “some” tax increases without getting rid of Zerocare or specifying what gets cut.

Second, all Republicans need to vote “Present”, thus letting the Demagogic Party be responsible for letting the Bush-era tax cuts expire.


22 posted on 11/10/2012 6:30:23 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: tobyhill

We can take all the rich, confiscate their every last asset, have them drawn & quartered in the streets, and maybe take a small chunk out of the interest on the debt. For a few years.

Hearing this guy lecturing Romney about “the math” in the debates was excruciating.


23 posted on 11/10/2012 6:32:12 AM PST by BillyBonebrake
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To: EQAndyBuzz
That's the ticket. The Bush Tax Cuts weren't written in separate sections so to let them expire accomplishes exactly what Obama keeps yelling about, taxing more the “rich”. He's trying to fight a battle he already won because he's about to lose the war and he knows it.
24 posted on 11/10/2012 6:32:49 AM PST by tobyhill
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To: tobyhill

They’re going to do Boner like they did Reagan in the ‘80’s.

The taxes will rise but the cuts will never appear...only this time obama won’t get the blame like Reagan did.


25 posted on 11/10/2012 6:38:15 AM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron

Thus the reason not to “negotiate” anything. Let the Rats do EVERYTHING on their own from raising the debt ceiling to passing a Continuing Resolution.

SHUT ‘ER DOWN!


26 posted on 11/10/2012 6:42:05 AM PST by tobyhill
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To: tobyhill

Yep, let the DEM’s own the inevitable collapse.

After the smoke clears maybe enough will wake up to reality....the rest will continue to blame Bush.


27 posted on 11/10/2012 6:49:22 AM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: tobyhill
GOP feel in the trap...OBAMA will say I tried to make a deal but the GOP would not go alone...therefore all the Bush tax cuts will expire...he gets to blame the GOP and has all that money to spend..GOP are fools last time I vote for a rino..
28 posted on 11/10/2012 6:50:25 AM PST by Hojczyk
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To: tobyhill
This is an argument that we have LOST. We should recognize when we have lost and capitulate. We should agree to increase taxes on the wealthiest Americans, BUT only those who make OVER a MILLION dollars a year.

This will not hurt small business. Millionaires can afford it. It won't lower the deficit, but who cares. The Demoncrats want to demonize the rich, so be it. WE HAVE ALREADY LOST THIS ARGUMENT. This can be a HUGE compromise issue. We can get something HUGE for it. We'll be seen as compromising, willing to work together, while they really get nothing of consequence.

It's time to compromise on immigration. All we need to get out of this is border security. A fence, drones, cameras, sensors, agents, (whatever we want), in return for pseudo amnesty. Call it whatever you want as long as you don't call it amnesty. I don't care if it IS amnesty. We HAVE TO be on the right side of immigration reform. They are not all going to self deport. We are not going to uproot or split up families. We are not going to deport adults who were brought here as children. We are STUCK on stupid on this issue. We are not going to kick these people out.

THEY ARE ALREADY HERE. DEAL WITH IT. We need to STEAL this issue from the Demoncrats. Again we win. We get what we want, (border security) and they get what is already the status quo and WE take credit for it.

Have a retroactive drop dead date, say 11/10/2012, and then enforce immigration to the letter of the law. ZERO tolerance. If you can't PROVE you were here prior to the drop dead date, YOU GO BACK.

Illegals will come out of the shadows, get documentation, have a chance at FUTURE citizenship. Remember, THEY ARE ALREADY HERE and they aren't going back, voluntarily or otherwise. Can you handle the TRUTH?

Let's make these WINNING issues for US. As it stands now, we are the biggest losers.

29 posted on 11/10/2012 6:58:30 AM PST by faucetman ( Just the facts, ma'am, Just the facts)
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To: tobyhill

Everyone will be “rich” when he have Zimbabwe dollars. I just wish that one time, one of the Republican leaders would come out hard against 0bama and the regime. Tell the nation that 0bama wants the nation to fail and give the reasons; call him a proto-dictator, a Marxist-socialist and send the regime and Leftist media into an apoplectic fit. Tell the public that we need spending cuts and across the board tax cut, repeal of 0-care, energy; nothing short will suffice, and no compromises. We need to stir the pot, not acquiesce. Paul Ryan is in the best position to do this.


30 posted on 11/10/2012 7:00:03 AM PST by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
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To: Hojczyk
They are going to get the blame anyway. The GOP is going the way of the Whigs with all these “negotiations” that they always end up losing out on. The only way they can possibly be saved at this point is to walk away, let it crash and point the finger at the real blame whether they are believed or not. This is a divided nation, those who always have to give and those who are always taking. Romney was almost right about the 47% but it's actually over 50% now. The takers on average use equivalent to $40,000 worth of taxpayer's money. Why should the other 50% pay $40,000 per person and have to give it to the other 50%? It's unsustainable.
Romney lost for one reason, he didn't offer more “freebies” as Obama. Had Romney offered everyone a free house then Obama would have offered a free house with a free car and gas to go along with it.
31 posted on 11/10/2012 7:03:45 AM PST by tobyhill
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To: Fzob
Republicans should just let the Bush era tax cuts expire at this point. (it a loser with the MSM fighting Democrats battles for them). Then start an ad campaign asking our moron in chief how he plans on closing the rest of the deficient spending now that the tax on the “rich” have put a microscopic dent in federal spending.

Better yet, propose a fix where all the lower rates are reduced by 3 to 5%, and increase the top rate to 36.25%. Keep the cuts.

Sit back and watch 0 sputter.

He won't go for it, but if he does (And let's face it, he wanted the top rate to go up, he never said how much) in six months propose a small business tax cut that lowers the top rate to something below 30. Diffrentiating between personal and business income isn't that hard, at least for people with a brain.

32 posted on 11/10/2012 7:26:33 AM PST by MAexile (Bats left, votes right)
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To: tobyhill
Sure, raising taxes is good for the government, how is it good for the country?
Somebody please explain that to me.

33 posted on 11/10/2012 7:30:25 AM PST by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Venturer

Truly wealthy do not pay taxes, they hide behind c-corporations.


34 posted on 11/10/2012 7:55:36 AM PST by ThisLittleLightofMine
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To: tobyhill

They’ll just flee the country like Denise Rich.....they vote for it, and then they’ll leave when it affects them. Taxes are for the “little people.”


35 posted on 11/10/2012 7:57:28 AM PST by dfwgator
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To: napscoordinator

BINGO

the democrats have been demonizing the “Bush Tax Cuts” for 10 years. The democrats said the “Bush Tax Cuts” destroyed our economy and only benefittted “the rich”

So let them ALL expire

All of them

No more “Bush Tax Cuts”


36 posted on 11/10/2012 9:03:50 AM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: silverleaf

For the next two years all Republicans in Congress should vote “present” on every single bill. Democrats will have their Utopia — no dissent.

The pain will be immediate.

The cities will burn before the next election and the Republicans could not be called obstructionist, even by the media.

Only then will conservatism, not progressivism and its evil twin RINOism, be the ascendant political philosphy and America can then rise from the ashes.


37 posted on 11/10/2012 9:24:56 AM PST by FerociousRabbit
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To: tobyhill

The Republicans should offer up a bill that takes 50% of the wealth over 10 million of all the “evil wealthy”. Make it cover wealth going back 20 years so that all the “evil wealthy” who have moved their wealth overseas get hit, too.

Make it illegal for them to come to the US unless it is paid.

I guarantee the Democrat Senate and Obama would not pass it. They would freak out and then the Republicans can use it as a learning moment for all the class haters.

Also, throw in 95% wealth tax on all Hollywood actors and directors.


38 posted on 11/10/2012 9:33:54 AM PST by FreeAtlanta (christian.bahits.com)
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To: ThisLittleLightofMine

Most certainly they pay their tax attorneys more than they do to the IRS.

The Kennedy’s hide behind trusts, and I am sure man others do too.

This Obama idiot thinks we are all fools withhios tax the rich BS. He is rich, all of the Congress are rich, they will figure a way to protect their rich’s we all know that.

If they really want to do something pass a law that they have to retire on Social Security and have Obamacare for their insurance. See how fast they straighten this mess out then.

The biggest scam in this country is Congressional and Presidential retirements and the fact that they are free from Obamacare.


39 posted on 11/10/2012 11:08:53 AM PST by Venturer
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