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Obama To Boehner: Higher Taxes On The Wealthy Or The Bush Tax Cuts Expire

 
waht

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11/11/2012 02:10 PM
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Obama To Boehner: Higher Taxes On The Wealthy Or The Bush Tax Cuts Expire
President Obama and House Speaker John Boehner have each made cursory appeals to cooperation in the wake of Tuesday’s election. But they’re still making incompatible demands about the tax code. And on Friday, President Obama made clear that if Republicans reject the policy goal he campaigned on, all of the Bush tax cuts will expire.

“If we’re serious about reducing the deficit we have to combine spending cuts with revenue, and that means asking the wealthy to pay a little more in taxes,” Obama said in public remarks at the White House. “Right now if Congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody’s taxes will automatically go up on January 1.”

In both 2008 and 2012, Obama campaigned on the goal of allowing the Bush tax cuts that exclusively benefit top earners to expire. That would increase the top marginal tax rate from 35 percent to 39.6 percent next year. But Boehner and other Republicans want tax rates off the table and GOP aides suggest higher tax rates can’t pass the Republican House.

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Anonymous Coward
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Germany
11/11/2012 02:11 PM
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Re: Obama To Boehner: Higher Taxes On The Wealthy Or The Bush Tax Cuts Expire
Boehner will cave this time.
Anonymous Coward
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11/15/2012 09:05 AM
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Re: Obama To Boehner: Higher Taxes On The Wealthy Or The Bush Tax Cuts Expire
bump
Anonymous Coward
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11/15/2012 09:24 AM
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Re: Obama To Boehner: Higher Taxes On The Wealthy Or The Bush Tax Cuts Expire
Bohner can't do shit but CRY kile normal s226
rofl BABY Boener
sheep like all the other CRY BABIES !! :))))))
Anonymous Coward
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11/15/2012 09:33 AM
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Re: Obama To Boehner: Higher Taxes On The Wealthy Or The Bush Tax Cuts Expire
Its not Obamas job to raise taxes. This belongs to congress.
Anonymous Coward
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11/15/2012 09:35 AM
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Re: Obama To Boehner: Higher Taxes On The Wealthy Or The Bush Tax Cuts Expire
Obama won't stop until the economy is in ruins

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