White House: Obama won't give in to Republican ransom demand on taxes

Posted in the Minneapolis Forum

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Bob Schmahl

Saint Paul, MN

#1 Dec 3, 2012
According to David Corn of Mother Jones and Greg Sargent of The Washington Post, President Obama won't give in to Republican ransom demands over tax cuts for the wealthy—even if that means going over the so-called fiscal cliff on Jan. 1, 2013. Writes Corn:

According to senior administration officials, Obama is not eager to go over the cliff, but he is willing. If no deal is reached by the end of the month, all the Bush tax cuts — for the rich and not-rich — will evaporate. Obama would then demand in early January that the new Congress immediately pass legislation to reinstate the lower tax rates for the bottom 98 percent.
Republicans can avoid this scenario simply by passing the Senate's extension of middle-class tax cuts—in a matter of minutes, a huge chunk of the "fiscal cliff" would be resolved. Congress would still have to rework the automatic spending cuts contained in the sequester and enact stimulus measures like extended unemployment benefits, something to replace the payroll tax cut, and funding for infrastructure investments, but the question of tax rates would largely be settled.
If they refuse to act, we'll start next year with an ongoing hostage crisis over middle-class tax cuts. And given that these middle-class tax cuts would actually benefit every taxpayer, Republicans would be in the position of opposing a rate reduction that benefits every American taxpayer simply because they believe the wealthiest taxpayers should get an even bigger benefit. Under the best of political circumstances, that would be a tough position for Republicans to depend, but given the results of November's elections, it is a nearly indefensible position. In light of that reality, it's not hard to see why the White House isn't terribly afraid of going over the cliff. The real question is whether Republicans are bluffing or if they are fools. It won't be long before we find out.
Amused Slew

United States

#2 Dec 3, 2012
Who cares let her go off the cliff.

The "cliff" was created for a reason so let 'er go.

All this talk about the cliff is like an extension of the 2012 campaign, I couldn't care less.

Just shut up already, I'm tired of the days of our lives drama published by the socialist media.

You know Obama says this, and Boehner says that..

Phock it and shut up!!

Run the country and shut up!!!
barrys world view

United States

#3 Dec 3, 2012
that is good news, lets stop spending - automatic cuts will take place after Jan 1 2013 and we can watch this economy tank even more. The economy needs to be taken down and then built up. And we can all blame barry soetoro for this historic correction comming in Jan 2013 !

__________remember it is barry world now.
Bob Schmahl wrote:
According to David Corn of Mother Jones and Greg Sargent of The Washington Post, President Obama won't give in to Republican ransom demands over tax cuts for the wealthy—even if that means going over the so-called fiscal cliff on Jan. 1, 2013. Writes Corn:
According to senior administration officials, Obama is not eager to go over the cliff, but he is willing. If no deal is reached by the end of the month, all the Bush tax cuts — for the rich and not-rich — will evaporate. Obama would then demand in early January that the new Congress immediately pass legislation to reinstate the lower tax rates for the bottom 98 percent.
Republicans can avoid this scenario simply by passing the Senate's extension of middle-class tax cuts—in a matter of minutes, a huge chunk of the "fiscal cliff" would be resolved. Congress would still have to rework the automatic spending cuts contained in the sequester and enact stimulus measures like extended unemployment benefits, something to replace the payroll tax cut, and funding for infrastructure investments, but the question of tax rates would largely be settled.
If they refuse to act, we'll start next year with an ongoing hostage crisis over middle-class tax cuts. And given that these middle-class tax cuts would actually benefit every taxpayer, Republicans would be in the position of opposing a rate reduction that benefits every American taxpayer simply because they believe the wealthiest taxpayers should get an even bigger benefit. Under the best of political circumstances, that would be a tough position for Republicans to depend, but given the results of November's elections, it is a nearly indefensible position. In light of that reality, it's not hard to see why the White House isn't terribly afraid of going over the cliff. The real question is whether Republicans are bluffing or if they are fools. It won't be long before we find out.
Bob Schmahl

Saint Paul, MN

#4 Dec 3, 2012
Wow, TWO Schmahl posts on this one - must have hit a sore point!

The Republicans aren't dumb enough to not reach a compromise - they know that the GOP will take the brunt of the blame.
Amused Slew

United States

#5 Dec 3, 2012
Bob Schmahl wrote:
Wow, TWO Schmahl posts on this one - must have hit a sore point!
The Republicans aren't dumb enough to not reach a compromise - they know that the GOP will take the brunt of the blame.
You want to try that again?
barrys world view

United States

#6 Dec 3, 2012
you are so wrong on that one - barry is holding his breath, he will be the first to blink on this fiscal mess. Never compromise with a socialst govt. NEVER !

__________
Bob Schmahl wrote:
Wow, TWO Schmahl posts on this one - must have hit a sore point!
The Republicans aren't dumb enough to not reach a compromise - they know that the GOP will take the brunt of the blame.
Bob Schmahl

Saint Paul, MN

#7 Dec 3, 2012
OK, now FOUR Schmahl posts on this one - must have hit a sore point!

The Republicans aren't dumb enough to not reach a compromise - they know that the GOP will take the brunt of the blame.
Amused Slew

United States

#8 Dec 3, 2012
Barak Obama got elected it's now time for him to do the job and quit dramatizing everything he does.

Just sit down with Boehner and make a deal!!

How difficult is that?

Obama is NO rocket scientist but he don't need to be.
Bob Schmahl

Saint Paul, MN

#9 Dec 3, 2012
It would be easy is Boner was willing to make a deal.

It's the Republicans that are being stupid. Any deal is going to include a repeal of the Bush tax cuts on the upper class.
non-starter

Saint Paul, MN

#10 Dec 3, 2012
Obama wants congress to give the president the ability to raise the debt ceiling on his own, very bad idea. Additionally, he says the repub plan isn't balanced, but his own plan leans heavily toward tax increases and no cuts to entitlements.

Additionally, most of the White House cuts depend on future cuts, nothing current, things that will get changed later.
non-starter

Saint Paul, MN

#12 Dec 3, 2012
Bob Schmahl wrote:
What entitlements do you think should be cut?
Well, guess what - America doesn't agree with you.
Cuts should be made in the current budget cycle, not some time in the mythical "future". The 2% Social security payroll tax should be reinstated across the board, the 2% is costing us billions now and billions later.
Cloud 9

United States

#14 Dec 3, 2012
non-starter wrote:
Obama wants congress to give the president the ability to raise the debt ceiling on his own, very bad idea. Additionally, he says the repub plan isn't balanced, but his own plan leans heavily toward tax increases and no cuts to entitlements.
Additionally, most of the White House cuts depend on future cuts, nothing current, things that will get changed later.
Giving Obama the ability to raise the debt ceiling would be IDENTICAL to giving a teenage girl the same control.

Obama has shown over and over he is incapable of anything but stimulating the economy with BILLIONS of cash infusion.

At what point is enough enough?
non-starter

Saint Paul, MN

#16 Dec 3, 2012
Bob Schmahl wrote:
At the point that the middle and lower classes are healthy again.
By the definition of "lower class" it can never be healthy, therefore it will never stop.
non-starter

Saint Paul, MN

#18 Dec 3, 2012
Bob Schmahl wrote:
So be it.
Well at least you admitted that whatever we do it will never be enough for you.
Conservatives unite

United States

#19 Dec 4, 2012
never agree with a socialst policy maker like barry soetoro, NEVER.

__________
Amused Slew wrote:
Who cares let her go off the cliff.
The "cliff" was created for a reason so let 'er go.
All this talk about the cliff is like an extension of the 2012 campaign, I couldn't care less.
Just shut up already, I'm tired of the days of our lives drama published by the socialist media.
You know Obama says this, and Boehner says that..
Phock it and shut up!!
Run the country and shut up!!!
Bridgework

Lincoln, NE

#20 Dec 4, 2012
Obama drew lines in the sand on entitlements and taxes, but it is the Republican's fault and they are the ones not willing to compromise?
Bob Schmahl

Minneapolis, MN

#21 Dec 4, 2012
Bridgework wrote:
Obama drew lines in the sand on entitlements and taxes, but it is the Republican's fault and they are the ones not willing to compromise?
Welcome to the Brave New World in Obamaville. To each according the their needs, from each according to their abilities. Communism is our new best friend.
Bridgework

Lincoln, NE

#22 Dec 4, 2012
Bob Schmahl wrote:
<quoted text>
Welcome to the Brave New World in Obamaville. To each according the their needs, from each according to their abilities. Communism is our new best friend.
That was not the point I was making. A compromise would require give and take on both sides, but Obama has taken the two most hotly contested items off the table. Now the left are saying that the Republicans are refusing to deal.
Amused Slew

Seattle, WA

#23 Dec 4, 2012
Obama was re-elected by the majority of American voters, don't you suppose we support him, moron ??? Odd, you want to blame the guy, but NEVER let him lead.
Bridgework

Lincoln, NE

#24 Dec 4, 2012
Amused Slew wrote:
Obama was re-elected by the majority of American voters, don't you suppose we support him, moron ??? Odd, you want to blame the guy, but NEVER let him lead.
I don't really care about what those who voted Obama support. You think that because 51% of voters (18% of Americans) voted for Obama that everyone else should roll over and do what he wants? Remember that the every single house member was also up for re-election and the Republican majority was the result.

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