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Things going according to plan.
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The Void Era Man
Nov 9, 2012, 4:30:59 PM11/9/12
to
"Tax the rich, feed the poor.
Until there aint no rich no more"
-Alvin Lee
Obama sticks to guns on tax increase for wealthiest Americans
By Tom Curry, NBC News national affairs writer
Updated at 2 p.m. ET -- At a campaign-style event at the White House
Friday, President Barack Obama invited congressional leaders to the
White House next week for talks on how to avoid spending cuts and at
least some of the tax increases scheduled to occur in January. But he
insisted that tax increases on the wealthiest Americans must be part of
any deal.
In a statement at the White House, Obama indicated he will meet with
Senate Majority Leader Harry Reid and House Speaker John Boehner next
week "so we can start to build consensus around the challenges that we
can only solve together."
The president was referring to $64 billion in automatic spending cuts
that will take effect in January if a deal cannot be reached. Those cuts
are mandated by the Budget Control Act that Obama signed into law last
year.
In his first White House appearance since defeating Republican Mitt
Romney in Tuesday's election, Obama said he was "open to new ideas" to
avoid what is known as the “fiscal cliff.” But he also
dug in his heels by insisting that additional revenue be part of the
solution.
“We can’t just cut our way to prosperity,” he said,
adding that he would insist that “the wealthiest Americans to pay
a little more in taxes” – a line that drew applause from the
group of supporters standing behind him on stage. Obama defines "the
wealthiest Americans" as single taxpayers earning more than $200,000 a
year and couples with annual earnings in excess of $250,000.
And he claimed an election mandate, saying, “On Tuesday night
we found out that the majority of Americans agree with my
approach.”
Obama also repeated many of the themes of his re-election campaign
speeches in Friday’s remarks – such as his view that more
federal infrastructure spending is needed.
Obama did not take any questions.
Budget analysts call the combination of automatic spending cuts and tax
increases set to occur at year end the fiscal cliff.
As part of an agreement to avoid the fiscal cliff, Obama and
congressional leaders must also agree how much taxes ought to go up and
which taxpayers will be hit by tax hikes. According to the Congressional
Budget Office taxes will increase by more than $400 billion in 2013
under current law.
Adding to the pressure to design a deal that would avoid the fiscal
cliff, the CBO on Thursday repeated its previous warnings that the
spending cuts, combined with scheduled tax increases, would probably
cause a recession next year.
Specifically the CBO said in its Thursday report that the tax increases
and spending cuts would cause the unemployment rate to rise to 9.1
percent by the fourth quarter of 2013, compared to a jobless rate of 7.9
percent in October.
The tax increases would raise the average tax burden by almost $3,500
per taxpayer in 2013, according to According to the Tax Policy Center.
This would happen because the current income tax rates and some tax
breaks are scheduled to expire or shrink on Dec. 31. Among them, the
popular middle-class tax break, a $1,000-per-child tax credit for each
child age 17 and younger, would be cut in half.
In addition, starting on Jan. 1, the Affordable Care Act imposes a $20
billion tax increase on people with incomes above $200,000, or $250,000
for joint filers. Adding to the tax increase, a temporary reduction
in the Social Security payroll tax is set to expire at year end.
The president has argued for raising taxes on Americans with incomes
over $200,000 and over $250,000 for married couples who file jointly.
But the exact mix of tax increases and who must pay them will be the
subject of intense negotiations between the president and congressional
leaders over the next few weeks.
Before February Obama and congressional leaders must also work out a
deal to raise the federal government’s borrowing limit.
In a press briefing Friday morning, Boehner said he is willing to work
with Obama and congressional Democrats, but remains opposed to raising
the tax rates for any Americans.
“The members of our majority understand how important it is to
avert the fiscal cliff,” he said. He sketched out his opening
bargaining position: Extend current tax rates for one year, allowing
Congress time to entirely redesign the tax code, eliminating some tax
deductions and preferences – and pass “entitlement
reform.”
He made the case that “by lowering rates and cleaning up the tax
code we know that we’re going to get more economic growth.
It’ll bring jobs back to America – it’ll bring more
revenue.”
The revenue question is crucial: Because the U.S. economy remains
anemic, federal revenue has still not reached its pre-recession peak.
While revenue increased for third consecutive year in fiscal 2012, it is
still 5 percent below the 2007 peak.
Boehner warned about the spending pressure from growing entitlement
programs: “We’re spending a trillion dollars more than what
we take in. You can’t continue to do that. This is year two of a
25-year demographic bubble. …. Ten thousand Baby Boomers like me
retiring every day.”
He said “everything on the revenue side and on the spending side
has to be looked at.”
Obama and the Democrats go into the bargaining over fiscal policy with
voters having given them a stronger bargaining position.
Kevin Lamarque / Reuters
President Barack Obama addresses supporters during his election night
rally in Chicago, Nov. 6, 2012.
In Tuesday’s balloting, Democrats scored a net gain of at least
six seats in the House, which was better than most analysts had
predicted, and they exceeded expectations by gaining two seats in the
Senate, dashing GOP hopes for a takeover of the upper chamber.
But Boehner said Tuesday that “The American people re-elected a
Republican majority (in the House) and I’m proud of the fact that
our team in a very difficult year was able to maintain our
majority.”
But showing that the election outcome had altered his strategy, Boehner
signaled a retreat Thursday from Republican calls for total repeal of
the Affordable Care Act.
“I think the election changes that,” Boehner said in an
interview with ABC News. “It's pretty clear that the president was
re-elected, Obamacare is the law of the land.”
But he added, “I think there are parts of the healthcare law that
are going to be very difficult to implement. And very expensive. And as
the time when we're trying to find a way to create a path toward a
balanced budget everything has to be on the table.” The speaker
may try to make rescinding parts of the law an ingredient of any deal he
tries to strike with Obama and Reid.
_
/'_/)
,/_ /
/ /
/'_'/' '/'__'7,
/'/ / / /" /_\
('( ' Fuck /' ')
\ You' /
'\' _.7'
\ (
\ \
CRIPES A'MIGHTY 3RD!
SHORTBUS O'REETEE STICKLER.
BEWARE OF OL' JEEZL PETE.
2012: YEAR OF THE ROBBY.
Until there aint no rich no more"
-Alvin Lee
Obama sticks to guns on tax increase for wealthiest Americans
By Tom Curry, NBC News national affairs writer
Updated at 2 p.m. ET -- At a campaign-style event at the White House
Friday, President Barack Obama invited congressional leaders to the
White House next week for talks on how to avoid spending cuts and at
least some of the tax increases scheduled to occur in January. But he
insisted that tax increases on the wealthiest Americans must be part of
any deal.
In a statement at the White House, Obama indicated he will meet with
Senate Majority Leader Harry Reid and House Speaker John Boehner next
week "so we can start to build consensus around the challenges that we
can only solve together."
The president was referring to $64 billion in automatic spending cuts
that will take effect in January if a deal cannot be reached. Those cuts
are mandated by the Budget Control Act that Obama signed into law last
year.
In his first White House appearance since defeating Republican Mitt
Romney in Tuesday's election, Obama said he was "open to new ideas" to
avoid what is known as the “fiscal cliff.” But he also
dug in his heels by insisting that additional revenue be part of the
solution.
“We can’t just cut our way to prosperity,” he said,
adding that he would insist that “the wealthiest Americans to pay
a little more in taxes” – a line that drew applause from the
group of supporters standing behind him on stage. Obama defines "the
wealthiest Americans" as single taxpayers earning more than $200,000 a
year and couples with annual earnings in excess of $250,000.
And he claimed an election mandate, saying, “On Tuesday night
we found out that the majority of Americans agree with my
approach.”
Obama also repeated many of the themes of his re-election campaign
speeches in Friday’s remarks – such as his view that more
federal infrastructure spending is needed.
Obama did not take any questions.
Budget analysts call the combination of automatic spending cuts and tax
increases set to occur at year end the fiscal cliff.
As part of an agreement to avoid the fiscal cliff, Obama and
congressional leaders must also agree how much taxes ought to go up and
which taxpayers will be hit by tax hikes. According to the Congressional
Budget Office taxes will increase by more than $400 billion in 2013
under current law.
Adding to the pressure to design a deal that would avoid the fiscal
cliff, the CBO on Thursday repeated its previous warnings that the
spending cuts, combined with scheduled tax increases, would probably
cause a recession next year.
Specifically the CBO said in its Thursday report that the tax increases
and spending cuts would cause the unemployment rate to rise to 9.1
percent by the fourth quarter of 2013, compared to a jobless rate of 7.9
percent in October.
The tax increases would raise the average tax burden by almost $3,500
per taxpayer in 2013, according to According to the Tax Policy Center.
This would happen because the current income tax rates and some tax
breaks are scheduled to expire or shrink on Dec. 31. Among them, the
popular middle-class tax break, a $1,000-per-child tax credit for each
child age 17 and younger, would be cut in half.
In addition, starting on Jan. 1, the Affordable Care Act imposes a $20
billion tax increase on people with incomes above $200,000, or $250,000
for joint filers. Adding to the tax increase, a temporary reduction
in the Social Security payroll tax is set to expire at year end.
The president has argued for raising taxes on Americans with incomes
over $200,000 and over $250,000 for married couples who file jointly.
But the exact mix of tax increases and who must pay them will be the
subject of intense negotiations between the president and congressional
leaders over the next few weeks.
Before February Obama and congressional leaders must also work out a
deal to raise the federal government’s borrowing limit.
In a press briefing Friday morning, Boehner said he is willing to work
with Obama and congressional Democrats, but remains opposed to raising
the tax rates for any Americans.
“The members of our majority understand how important it is to
avert the fiscal cliff,” he said. He sketched out his opening
bargaining position: Extend current tax rates for one year, allowing
Congress time to entirely redesign the tax code, eliminating some tax
deductions and preferences – and pass “entitlement
reform.”
He made the case that “by lowering rates and cleaning up the tax
code we know that we’re going to get more economic growth.
It’ll bring jobs back to America – it’ll bring more
revenue.”
The revenue question is crucial: Because the U.S. economy remains
anemic, federal revenue has still not reached its pre-recession peak.
While revenue increased for third consecutive year in fiscal 2012, it is
still 5 percent below the 2007 peak.
Boehner warned about the spending pressure from growing entitlement
programs: “We’re spending a trillion dollars more than what
we take in. You can’t continue to do that. This is year two of a
25-year demographic bubble. …. Ten thousand Baby Boomers like me
retiring every day.”
He said “everything on the revenue side and on the spending side
has to be looked at.”
Obama and the Democrats go into the bargaining over fiscal policy with
voters having given them a stronger bargaining position.
Kevin Lamarque / Reuters
President Barack Obama addresses supporters during his election night
rally in Chicago, Nov. 6, 2012.
In Tuesday’s balloting, Democrats scored a net gain of at least
six seats in the House, which was better than most analysts had
predicted, and they exceeded expectations by gaining two seats in the
Senate, dashing GOP hopes for a takeover of the upper chamber.
But Boehner said Tuesday that “The American people re-elected a
Republican majority (in the House) and I’m proud of the fact that
our team in a very difficult year was able to maintain our
majority.”
But showing that the election outcome had altered his strategy, Boehner
signaled a retreat Thursday from Republican calls for total repeal of
the Affordable Care Act.
“I think the election changes that,” Boehner said in an
interview with ABC News. “It's pretty clear that the president was
re-elected, Obamacare is the law of the land.”
But he added, “I think there are parts of the healthcare law that
are going to be very difficult to implement. And very expensive. And as
the time when we're trying to find a way to create a path toward a
balanced budget everything has to be on the table.” The speaker
may try to make rescinding parts of the law an ingredient of any deal he
tries to strike with Obama and Reid.
_
/'_/)
,/_ /
/ /
/'_'/' '/'__'7,
/'/ / / /" /_\
('( ' Fuck /' ')
\ You' /
'\' _.7'
\ (
\ \
CRIPES A'MIGHTY 3RD!
SHORTBUS O'REETEE STICKLER.
BEWARE OF OL' JEEZL PETE.
2012: YEAR OF THE ROBBY.
rob
Nov 10, 2012, 2:38:44 PM11/10/12
to
%
Nov 10, 2012, 3:11:39 PM11/10/12
to
The Void Era Man
Nov 10, 2012, 3:34:17 PM11/10/12
to
Re: Things going according to plan.
Group: rec.sport.pro-wrestling Date: Sat, Nov 10, 2012, 11:38am (EST-3)
From: rjs...@aol.com (rob)
the ranks of the wealthy, so you ought to be applauding his efforts
instead of putting it down!
robert
Nov 11, 2012, 3:56:08 AM11/11/12
to
On Nov 10, 3:45 pm, BillV2...@webtv.net (The Void Era Man) wrote:
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Sat, Nov 10, 2012, 11:38am (EST-3)
> From: rjs2...@aol.com (rob)
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Sat, Nov 10, 2012, 11:38am (EST-3)
Gulley's Foil
Nov 11, 2012, 5:57:32 AM11/11/12
to
Re: Things going according to plan.
From: rjs...@yahoo.com (robert)
robert
Nov 12, 2012, 10:39:38 AM11/12/12
to
On Nov 11, 6:05 am, BillV2...@webtv.net (Gulley's Foil) wrote:
> Re: Things going according to plan.
>
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Sun, Nov 11, 2012, 12:56am (EST-3)
> From: rjs2...@yahoo.com (robert)
Gulley's Foil
Nov 12, 2012, 5:07:25 PM11/12/12
to
Re: Things going according to plan.
From: rjs...@yahoo.com (robert)
robert
Nov 13, 2012, 12:30:20 PM11/13/12
to
On Nov 12, 5:15 pm, BillV2...@webtv.net (Gulley's Foil) wrote:
> Re: Things going according to plan.
>
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Mon, Nov 12, 2012, 7:39am (EST-3)
> From: rjs2...@yahoo.com (robert)
Gulley's Foil
Nov 13, 2012, 12:41:34 PM11/13/12
to
Re: Things going according to plan.
From: rjs...@yahoo.com (robert)
besides, what you want is irrelevant. the decision is out of your hands!
rob
Nov 14, 2012, 11:58:12 PM11/14/12
to
On Nov 13, 12:50 pm, BillV2...@webtv.net (Gulley's Foil) wrote:
> Re: Things going according to plan.
>
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Tue, Nov 13, 2012, 9:30am (EST-3)
> From: rjs2...@yahoo.com (robert)
Gulley's Foil
Nov 15, 2012, 12:33:02 AM11/15/12
to
Re: Things going according to plan.
From: rjs...@aol.com (rob)
rob
Nov 17, 2012, 11:11:20 AM11/17/12
to
On Nov 15, 12:45 am, BillV2...@webtv.net (Gulley's Foil) wrote:
> Re: Things going according to plan.
>
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Wed, Nov 14, 2012, 8:58pm (EST-3)
> From: rjs2...@aol.com (rob)
Giancomo Squigglestomper
Nov 18, 2012, 6:25:19 PM11/18/12
to
Re: Things going according to plan.
From: rjs...@aol.com (rob)
and do!
LOL!!
rob
Nov 20, 2012, 11:16:07 AM11/20/12
to
On Nov 18, 6:30 pm, BillV2...@webtv.net (Giancomo Squigglestomper)
damn it!
wrote:
> Re: Things going according to plan.
>
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Sat, Nov 17, 2012, 8:11am (EST-3)
> From: rjs2...@aol.com (rob)
The Shocking Blue Brujo Man
Nov 20, 2012, 10:45:53 PM11/20/12
to
Re: Things going according to plan.
From: rjs...@aol.com (rob)
rob
Nov 23, 2012, 4:45:55 PM11/23/12
to
On Nov 20, 10:50 pm, BillV2...@webtv.net (The Shocking Blue Brujo Man)
i dont want to have to support your jobless ass!
wrote:
> Re: Things going according to plan.
>
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Tue, Nov 20, 2012, 8:16am (EST-3)
> From: rjs2...@aol.com (rob)
The Shocking Blue Brujo Man
Nov 23, 2012, 5:20:06 PM11/23/12
to
Re: Things going according to plan.
From: rjs...@aol.com (rob)
you dont have any choice!
rob
Nov 27, 2012, 4:35:05 PM11/27/12
to
On Nov 23, 5:30 pm, BillV2...@webtv.net (The Shocking Blue Brujo Man)
this is totally unfair!
wrote:
> Re: Things going according to plan.
>
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Fri, Nov 23, 2012, 1:45pm (EST-3)
> From: rjs2...@aol.com (rob)
The Shocking Blue Brujo Man
Nov 27, 2012, 6:47:25 PM11/27/12
to
Re: Things going according to plan.
From: rjs...@aol.com (rob)
i think it is fair and balanced!
robert
Nov 30, 2012, 4:03:57 PM11/30/12
to
On Nov 27, 6:47 pm, BillV2...@webtv.net (The Shocking Blue Brujo Man)
wrote:
> Re: Things going according to plan.
>
wrote:
> Re: Things going according to plan.
>
> Group: rec.sport.pro-wrestling Date: Tue, Nov 27, 2012, 1:35pm (EST-3)
> From: rjs2...@aol.com (rob)cnn?
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