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Obama in 2011: We Can Achieve $1.2 Trillion in New Revenues Without Raising Tax Rates

rauljg69 Wrote: Dec 05, 2012 4:22 PM

What knucklehead conservatives dont understand is that Obama's mentioning of revenue increases in the clip above is his CONCESSION from the debt ceiling fiasco negotiations. He was capitulating to the GOP backing off his stance of upping the rates on the rich because the GOP were being aholes about it. And the GOP didnt even except that concession at the time. Screw you now. Part of that concession was accepting your current plan knowing your loopholes hits the middle class as well. That's unacceptable NOW. Things have changed NOW. No middle class is going to be hit we are not capitulating now..there will no concession on raising revenues on the backs of the middle class. The math does not add up without hitting the middle class.

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Joseph64 Wrote: Dec 06, 2012 4:46 AM

It is Obama's math that does not add up without hitting the middle class. Even if they took every cent from the "rich" and left them penniless it would only pay for a few days of government spending. So how does taxing only the "rich" work, exactly? How does Obama's plan work without reaching down into the lower tax brackets?

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preid Wrote: Dec 05, 2012 6:46 PM

So you thought is that before it was a compromise, or did Obama just fail to lead? The deal was mutual, GOP gave up revenue, Obama cut entitlements. Now it is not fiscal it is poor politics? Great way to lead country
What you fail to realize is that Obama plans directly hits the middle class. My 401k and retirement are all going to be reduced when the taxes on capital gains is increased. That is where the majority of the middle class wealth lies. So, get your drop off blood by raising taxes on the rich, because without closing the loopholes they'll just move more money overseas, or hide it and not one penny of revenue will be increased.

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rauljg69 Wrote: Dec 05, 2012 4:23 PM

accept not except

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Obama in 2011: We Can Achieve $1.2 Trillion in New Revenues Without Raising Tax Rates

Three quotes to whet your appetite, followed by the punch line from the president. House Republicans' latest "fiscal cliff" resolution package -- originally proposed by Democrat Erskine Bowles -- includes $800 Billion in new federal revenues, while lowering tax rates across the board. Democrats instantly rejected the idea, making a heavy play about "the math" not adding up. They've repeatedly contended that Republicans' plan to expand the tax base by closing loopholes, eliminating or capping deductions, and limiting credits cannot hit their projected revenue target. (1) White House Spokesman Jay Carney: "