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Will Obama Reluctantly Buy Into Base-Broadening Tax Reforms That Also Lower the Rates?

tuttut Wrote: Mar 08, 2013 1:05 AM
Oblozo would rather swallow his tongue than lower rates. But the positive thing about involving him in the discussion is that his flabby liberal brain may rupture itself, leaving Joebiteme as president. Now wouldn't that be a foot-in-mouth fest on wheels?

WASHINGTON - President Obama has been pleading with House Republican leaders lately to raise government revenues by overhauling the tax code to erase loopholes and other income exemptions.

It wasn't an idea he campaigned on last year, though the chairmen of his deficit reduction commission proposed doing just that in a report he shelved. But they also wanted to use the higher revenues to offset lowering the tax rates in order to boost economic growth, jobs and investment, which in turn would boost tax revenues and reduce the deficits.

But cutting tax rates doesn't play well with Democratic voters or...