Just started reading this, $2.2 trillion including $800 billion in new revenue. First thoughts are--pretty predictable from here on out? Isn't this what everyone expected with the final deal being +$1 trillion in new revenue? Or am I missing something.
http://thehill.com/homenews/house/2...e-22t-counter-offer-to-obama-in-debt-talksklj
New revenue from what? Cutting middle class deductions? They have already ruled out tax hikes on the top 2%. Dead on arrival to the dems.
I wish Obama would take a very vocal and hard line on the tax issue.
"Any measure on my desk better include the increases in tax levels back to Clinton era rates for those making over $250K, or the measure will get a veto."
Plain and simple, cut and dry.
He has said this, it's an official stance of the administration. Jay Carney has repeated it as well
Yeah, but it seems like they have been getting more ambiguous as time passes. Now it seems like with the right amount of revenue increases via closing loopholes might satiate their appetities.
I want Obama out, front and center, saying on a daily basis that he will veto any bill that offers anything less.
Yeah, but it seems like they have been getting more ambiguous as time passes. Now it seems like with the right amount of revenue increases via closing loopholes might satiate their appetities.
I want Obama out, front and center, saying on a daily basis that he will veto any bill that offers anything less.
The President will not sign any legislation that extends the Bush-era tax cuts for top earners in this country.
I don't expect Obama to accept this, but it fits the narrative optimistic analysts have taken. They say the GOP will respond with $800 billion in new revenue, extension of the Bush rates. Then the final deal ends up at above $1 trillion in new revenue.
One mechanism to reach that deal would be the GOP let's the tax cuts expire, then passes an extension of the middle class cuts inside of a deal that raises over $1 trillion in revenue. Everyone is then a tax cutter, nobody raised anything
This whole thing seems pretty predictable now I wonder how the markets respond
GOP's counter offer is "fuck the peasants! let them eat cake!"
Until there is some concrete proof that their hillbilly constituents have wized up and will vote them out of office, they will bow only to their corporate masters.
By the time they wake up and realize they are on the wrong side of history, they will be as extinct as their slave owning forefathers
GOP is dead getting deader. They are nothing more than the opposition party to the Democrats at this point. They don't ideologically stand for much of anything of real substance.
The fact that they have House control is the only reason they are relevant right now. That won't last for much longer.
Taxes on the wealthy are a bandaid on a gaping wound. They have to go up on everybody. Democrats are only 1% less shitty than Republicans.
Taxes on the wealthy are a bandaid on a gaping wound. They have to go up on everybody. Democrats are only 1% less shitty than Republicans.
GOP is dead getting deader. They are nothing more than the opposition party to the Democrats at this point. They don't ideologically stand for much of anything of real substance.
The fact that they have House control is the only reason they are relevant right now. That won't last for much longer.
LMAO @ all the whiners. I could see some of you break down and cry trying to buy antiques from a seller or items at a flea market. The President is not going to get everything he wants nor will the Republican get everything they want.
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Uhh, given that reps are up for election every two years...they held the house.