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White House Rejects GOP Plan: Tax Rates for Top 2 Percent Must Go Up

US Politics & Gov't  (tags: fiscal cliff, politics, democrats, republicans, americans, government, news )

- 1993 days ago -
It did not take long for the White House to dismiss the Republican deficit-cutting proposal, which raised revenues by capping deductions. Now both sides have laid down their markers.

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Past Member (0)
Tuesday December 4, 2012, 4:27 am
They could save some time and simultaneously release plans and rejections of the other guys plans, Probably the first 4 rounds of the negotiations.

Past Member (0)
Tuesday December 4, 2012, 4:51 am

Alexandra Rodda (180)
Tuesday December 4, 2012, 5:32 am
John S. has a good point. That kind of efficiency would justify the inordinately long holidays the Republicans have scheduled for the house.
Hope they have enough sense not to destroy the USA, but be content with the damage that they have already inflicted.

Susanne R (234)
Tuesday December 4, 2012, 6:24 am
How does the GOP justify representing only a very small percentage of the American population? No one with any functioning brain cells buys the "trickle down economics" theory any more because it's never worked. Perhaps they should just tell the truth and admit that they've sold their souls to corporate masters.

Kit B (276)
Tuesday December 4, 2012, 7:43 am

Send a tweet to President Obama - he is listening but needs to hear your support. Hang in there Mr President, we have your back. The GOP is showing support for only those who are represented by the lobbies. We don''t need no stinkin' lobbies!

Kamila A (141)
Tuesday December 4, 2012, 4:44 pm
I concur with all of the above comments. Why should the 2% get their cake and eat it too? They make enough profits to pay millions of dollars in bonuses to executives who are very wealthy already. How much is enough? It will never be enough for them, and it doesn't help the people one bit. I encourage President Obama to push hard for what is right and fair. We have nothing to lose, much to gain, and perhaps a revolution to avoid.

John B (185)
Tuesday December 4, 2012, 6:22 pm
Thanks Cal for the link to the article by Linda Feldmann. Let the Bush tax cuts expire. The GOP will take the hit and pay big time with the voters who will see this as a continuation of their obstructionist policies. Read and noted.

JL A (281)
Tuesday December 4, 2012, 6:40 pm
The nonpartisan CBO research report could not confirm that tax cuts for the rich/corporations actually create jobs using data back to 1945...related article posted on C2 along with a CBO report analyzing all the so-called fiscal cliff 2013 issues...the CBO was created to test congressional ideas to determine whether or not they had merit and provide the related data for congressional decision-making...GOP's positions are not supported and thus they are not abiding by the historical agreements to let the CBO facts guide them.

Mitchell D (87)
Tuesday December 4, 2012, 6:59 pm
The horrific increase in tax rates being pushed by Pres. Obama, will not get them back to the level at which they stood before St. Reagan pulled them down, in a monumental redistribution of wealth upwards. He called it "Trickle Down" economics. I call it horsepoo!

Dorothy N (63)
Tuesday December 4, 2012, 7:55 pm
Right, Boehner, the people forming the wealthiest 2% in America run SMALL businesses...

President Obama, please do stick to your principles and make the richest pay their fair share, without further depriving the already deprived!


Gloria p (304)
Wednesday December 5, 2012, 6:15 am
I am enjoying the GOP cut off it's nose to smite it's face. If they let the tax cuts on the middle class end then their poor constituants will have to pay more taxes while they wait longer for Social Security and Medicare. Not all republicans are wealthy. Many, many of them are wannabes!

Arielle S (313)
Wednesday December 5, 2012, 6:41 am
Time for compromise is past - Obama tried it and it didn't work. I'm glad to see him standing firm on this one.

Diane O (194)
Wednesday December 5, 2012, 2:52 pm
Seems this would be a great time to "mirror" what Senator Obama did by voting "present" over 100 times on bills. The republicans should vote "present" and let Obama take the fall for his lame brained attempt at compromise. Let's give Obama the rope he needs to hang himself over the next four years....give him exactly what he is asking for. Then sit back and watch for a deep recession, no hiring, high unemployment again, and more personal bankruptcies and credit downgrades number three and four. I'm of the mind to let Obama "go wild" over the next four it "his" way. We saw what "his" way did for our economy over the last four years.

Roseann d (178)
Wednesday December 5, 2012, 4:21 pm
Diane O. We can cut spending on the supply side, like overpayments to insurance companies. There's no reason to pay $40 for an aspirin or a box of Kleenex and all the other absurd padding of a for-profit system. If corporations can get single-payer bailouts, the American people should have universal single payer healthcare. Exploiting ill health as a commodity on the stock marketing is disgusting, SICK system.

Diane O (194)
Wednesday December 5, 2012, 4:34 pm
Roseann, have you not done your research on how single payor healthcare has impacted European countries? Because if you have not done the research you are speaking from a position of not having the facts. In these single payer countries the citizens are paying upwards of 50% to 50% of their salaries in taxes to the government to do what? So that every single person in that country can have..."free" healthcare. Nothing is ever free. So, if you are earning $40,000.00 a year in your job you'll eventually be taxed at 50% to 60% and your net will be $20,000.00 a year or less. It doesn't work. It destroys a country. Small European countries have what they consider "success" at this but what we know if we are intelligent is that the cost of healthcare continues to go up....which means the taxes will go up.

There's a better way. And it is not single payer health insurance. I guess it depends on what you consider "quality of life" and therein lies your position. Personally, I believe that the majority of Americans have the income to pay for private insurance. There's a smaller percentage of Americans who need help with maintaining health coverage and those Americans should be covered under medicaid. Fund that. Our country mandates that Americans go on Medicare at age 65. Many of us don't want that. We would rather continue paying for private healthcare and that's good financially to our country. Why make Americans go on Medicare when they are capable of insuring themselves? Yes, we've paid into Medicare but give our contributions to those who haven't been able to pay into it. Works for me. And it would work for the majority of Americans who have the income to buy their personal healthcare insurance. Forget the government healthcare.....and leave the majority of us alone to do what we feel is best for us.

Diane O (194)
Thursday December 6, 2012, 2:36 am
What will be Obama's legacy is that he will be the first and only President to have our pristine credit rating lowered four times especially as he stays on his path of adding another $1.4 trillion to the deficit with no spending cuts.

Medicare for all? The majority of Americans can afford to pay for their own private insurance.

Kamila A (141)
Thursday December 6, 2012, 5:46 am
The talking points from the right certainly sound shrill and ridiculous. You know that the sign of insanity is trying to change something while doing the same thing over and over again.

Deborah W (6)
Thursday December 6, 2012, 7:18 am
Small view of what's going on here. Let's go over the cliff (taxpayers are going to get screwed either way), and see what plays out for real.

Republicans and Democrats are owned by their voter/donator base and history will show what should have been done. WE ALL own it in some way. Sad.

Arielle S (313)
Thursday December 6, 2012, 7:22 am
I say we go off the fiscal cliff - the Bush tax cuts automatically expire. And if there are cuts to be made, take them from military and corporate welfare.

Lynne Buckley (0)
Thursday December 6, 2012, 8:05 am
The GOP are still more interested in sucking up to their rich backers than being fair to everyone in the country. The top 2% already pay as little as possible. It's time for them to pay their fair share.

Dianna M (16)
Thursday December 6, 2012, 1:44 pm
Not to mention whining about the "47%" who "don't pay taxes"--while hiding their money in offshort accounts . . . to avoid paying taxes.

Tim P (48)
Monday December 31, 2012, 8:54 am
I singed it. I have links for my group and petition that can relate to this one. sign them please if you haven't. We need more confidence and faith in petitions and not be or act selfish towards one another. Here they are below...

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