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  Topic: Obama Offers Fiscal Plan Close
To G.O.P.’s, but Hurdles Remain
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Obama Offers Fiscal Plan Close
To G.O.P.’s, but Hurdles Remain

New York Times, by Jonathan Weisman

Original Article

Posted By:LittleHoodedMonk, 12/17/2012 10:41:41 PM

Washington - President Obama delivered to Speaker John A. Boehner a new offer on Monday to resolve the pending fiscal crisis, a deal that would raise revenues by $1.2 trillion over the next decade but keep in place the Bush-era tax rates for any household with earnings below $400,000. (Snip) The White House plan would permanently extend Bush-era tax cuts on household incomes below $400,000, meaning that only the top tax bracket, 35 percent, would increase to 39.6 percent. The current cutoff between the top rate and the next highest rate, 33 percent, is $388,350.

Comments:
Bambi is playing Boehner for the fool that he is. I am not an economics person, but can see that this whole dance so far is to get the GOP to raise the tax revenue to over 1 Trillion for the next ten years and beyond. There is no compromise here. Just smoke and mirrors.

Walk away GOP and let 0bama take US over the "fiscal cliff." I remember cod liver oil. The sooner you swallowed it, the sooner the bad taste left.

      


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Reply 1 - Posted by: commontater, 12/17/2012 11:21:17 PM     (No. 9071889)

So where are the cuts equal to three(3) times the revenue increases?

No cuts, no deal.

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Reply 2 - Posted by: tyshab, 12/18/2012 12:06:33 AM     (No. 9071927)

"Congress could periodically weigh in and try to override a presidential lifting of the debt ceiling, should it want to" !?!?!?!?!
Under what power does the President get to act unilaterally in raising the debt ceiling???

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Reply 3 - Posted by: oh-heck, 12/18/2012 12:19:05 AM     (No. 9071937)

Shifting the top brackets to Clinton´s rates would only generate 42 billion next year. The old 800 billion over 10 years date back to times when we actually had more millionaires. So it sounds like all Boehner managed to do by negotiating was suggest some new taxes that are twice what Obama was going to get from the rich. Leave it alone GOP and go over the cliff. Then limit spending. This is a sucker deal.

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Reply 4 - Posted by: Trigger2, 12/18/2012 2:24:04 AM     (No. 9071992)

Close? Close? When tax increases outweigh spending cuts by a factor of 4?

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Reply 5 - Posted by: Ouachita, 12/18/2012 2:38:29 AM     (No. 9071999)

I keep missing something. It was my impression that the House passes spending and revenue bills, then sends that bill to the Senate for confirmation. No confirmation, then the bill goes to a House/Senate conference committee. The bill ultimately goes to the president for signing.

So the questions are: Has the House passed a bill to send to the Senate? Why does Boehner have to confer with the President and bypass the Senate?

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Reply 6 - Posted by: Johnny Angle, 12/18/2012 7:01:58 AM     (No. 9072157)

A pox on both their country clubs and golf courses.

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Reply 7 - Posted by: LZK, 12/18/2012 7:32:29 AM     (No. 9072184)

It´s the "DC razzle dazzle".....

The deal has already been cut. These MSM photo/ops are just for political propaganda.....

The taxes will rise -- the spending cuts kicked down the road and the politicians will all go home and have a Merry Christmas....

The whole of Washington DC is run by "K" street lobbyists -- who wrote the obamacare mess to benefit themselves financially, i.e. AARP´s united health/care.

The lobbyists of DC have worked to elect deficient people to the House and Senate. NOW they can "manage" them with campaign funding and "extras", i.e. pelousy and feinstein and our elected pols here in Illinois whose credentials for office include a felony rap/sheet....

LZK

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Reply 8 - Posted by: planetgeo, 12/18/2012 7:32:38 AM     (No. 9072185)

I thought Republicans were supposed to be the brilliant business guys. How could this buffoon be suckered by the oldest negotiating trick in the books, namely, if you want them to agree to something really bad, threaten them with something twice as bad first then wait for them to compromise to your original objective. This is ridiculous.

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Reply 9 - Posted by: DaBigGuy, 12/18/2012 8:18:25 AM     (No. 9072257)

So we raise revenues supposedly by $120 billion a year for 10 years. And what about the other 90% of the annual deficit? This is continued fiscal insanity, not a solution. Zero has never, and will not, cut spending. Unless he specifies meaningful cuts, let it burn.

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Reply 10 - Posted by: Coy860, 12/18/2012 8:37:51 AM     (No. 9072293)

Please publish a list for department cuts for the entire Federal Government..the WH website will suffice for viewing the cuts.
The Nation waits to see the sweeping spending cuts. s/

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Reply 11 - Posted by: Chiritwo, 12/18/2012 9:24:35 AM     (No. 9072378)

Raise the taxes and fewer people will be employed by those households. Wait, that´s what the empty chair wants - more on the dole and dependent on him. What is wrong with the repubs in Washington? He can´t cut the entitlements because those are his voters. Who ever came up with the word "entitlements". No one is entitled to anything they didn´t earn.

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Reply 12 - Posted by: Daisymae, 12/18/2012 9:34:35 AM     (No. 9072390)

Spending cuts???? Cue the crickets.

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Reply 13 - Posted by: rplat, 12/18/2012 9:41:03 AM     (No. 9072404)

These jokers are really becoming annoying with their childish game. Do something . . . even it it´s wrong, but enough of this idiocy.

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Reply 14 - Posted by: Butch59, 12/18/2012 9:52:44 AM     (No. 9072424)

Do any of these idiots in DC ever consider where the average working stiff gets his/her money that they want to tax to the ceiling? Any what happens when there is no more money in the money spigot? Just print some more? That would just wind up as worthless paper. Then, the only medium of exchange that anyone would accept would be gold or silver. And the price of those would also tumble.

Are there any responsible persons in DC that really understand economics? Perhaps 2 or 3 but the majority of them are lawyers. As such they are masters of twisting the English to a point that they can talk for hours and say nothing. And that´s what they attempt to do to we average citizens. Well, the day will come that they will be shown the we are not as stupid as they think we are. The revolution is coming, I just don´t know when. And when it does, it won´t be pretty.

And if I´m still around, I´ll be a part of it.

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Reply 15 - Posted by: dman, 12/18/2012 10:16:59 AM     (No. 9072461)

The two-year "fix" of the debt ceiling is the poison pill in this deal.

Then notice most of the proposed social cuts affect seniors, who the Adminstration have written off. Where are the cuts on Obamaphones, Medicaid, and other goodies for the welfare class?

Walk away. Assert your Constitutional authority.

Shut ´er down until this Dictator acknowledges the "balanced approach" established by the Framers.

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Reply 16 - Posted by: RancherJack, 12/18/2012 10:19:10 AM     (No. 9072465)

Wolves deciding how to divide us up

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Reply 17 - Posted by: Arby, 12/18/2012 10:36:39 AM     (No. 9072507)

We´re in this mess because of the porkulus and Fauxbamacare. Typical dims: wreck the economy through giveaways to constituents, then play class warfare.

To those who voted for this loser: own it; suffer with it; you bought it.

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Reply 18 - Posted by: kono, 12/18/2012 10:37:46 AM     (No. 9072510)

Notice how Obama hasn´t really given an inch to Boehner, yet the enemedia´s been portraying it the other way around in the headlines. Either way, apparently, they must preserve the public perception that the GOP is the party of NO, and that Democrat leaders keep reaching across the aisle to find compromise.

That steaming pile of propagandists known as the Mainstream Media has been _______ing their readers and viewers for far too long... As far as I´m concerned, they can go ________ themselves from now until the Second Coming.

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Reply 19 - Posted by: Cleanhousein2012, 12/18/2012 10:41:50 AM     (No. 9072522)

Let the tax cuts all expire. Let the spending cuts go into place. As soon as Congress returns, pass tax reform that will cut taxes for everyone and makes more spending cuts. Anything Congress does will result in being blamed anyway so at least to the thing that is good for the nation.

If congress votes like Democrats, we might as well vote for Democrats.

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Reply 20 - Posted by: reilly, 12/18/2012 10:58:34 AM     (No. 9072552)


There is a lightweight in the White House. The Republicans have had 17 months to rehearse this dance. Obama should be wrong-footed by now. What gives?
For instance, disallowing the deduction for state taxes is a killer for blue states, not so bad for red states. Why isn´t that in the plan, with specifics? Let Chucky Schumer squirm.



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Reply 21 - Posted by: peterfleming, 12/18/2012 11:15:53 AM     (No. 9072583)

Leaving it up to the House, not bi-passing the House. Is there any other way? Nobody in the House is shouting with rage. Are they all being threatened with death for themselves and their families? Is death on the table? What other answer is there? We know Boehner is a RINO back stabbing coward.
We know the Congress is driven by greed and unnoticed lobbied crime, but still they could go through the House motions, and not deliver a more taxes deal directly with our fuhrer and his blackmailer comrades. Diane Sawyer helps it along by not saying anything, not raising moral questions, by being silent to tyranny for the big bucks she is paid. And all the rest of them, too. Even Fox News clouds the truth.

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Reply 22 - Posted by: nevernaught, 12/18/2012 11:20:18 AM     (No. 9072589)

I´m beginning to believe that Boehner is the new Manchurian candidate. Everyone who thinks that he is doing a good job... raise your hand.

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Reply 23 - Posted by: NotaBene, 12/18/2012 11:41:03 AM     (No. 9072638)

The American People want their free gifts. Obama does not care about our future. Tax and spend, elect and elect.

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Reply 24 - Posted by: loveUSA, 12/18/2012 12:06:07 PM     (No. 9072708)

Boehner is an idiot. He is the weakest repub we have ever seen. He folds faster than a cheap lawn chair. Please House Tea Party members, get a leader with a spine! Note to the negotiators: You can outwait Obama, or as we say in our house, "you can outwait the devil."

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Reply 25 - Posted by: gwmcclintok, 12/18/2012 12:23:17 PM     (No. 9072749)

n the summer of 1997 several House Republicans attempted to replace him as Speaker, claiming Gingrich´s public image was a liability. The attempted "coup" began July 9 with a meeting of Republican conference chairman John Boehner of Ohio and Republican leadership chairman Bill Paxon of New York. According to their plan, House Majority Leader Dick Armey, House Majority Whip Tom DeLay, Boehner and Paxon were to present Gingrich with an ultimatum: resign, or be voted out. However, Armey balked at the proposal to make Paxon the new Speaker, and told his chief of staff to warn Gingrich about the attempted coup.
Why did Boehner lead the coup? Because he is secretly a died in the wool RINO. A Gerald Ford type. He is no conservative. Newt was a very successful Speaker. George H W Bush hated him. Because he fought Bush on his tax increase.
Boehner is going to destroy the Republican majority in the House.

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Reply 26 - Posted by: M Stuart, 12/18/2012 12:35:45 PM     (No. 9072786)

We´re screaming! Can anyone in the Republican party TALK?? The American people want spending cuts! BALANCE THE BUDGET!!

I believe what Fritz Pfister said: That we are agonizing over $800 billion in taxes over TEN years while spending a trillion dollars EVERY year more than they bring in.

How hard is this to understand and communicate?



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Reply 27 - Posted by: ebuilder, 12/18/2012 1:23:36 PM     (No. 9072908)

Boehner and Obama are smarter criminals than you. They are not idiots. Boehner cries better. Not one blackmailed SOB republican is willing to call a spade a spade, so that low information citizens will wake up. Not one Patrick Henry "But as for me, give me liberty or give me death" American in congress. Not one willing to find a camera, or a pulpit, and alert your brother citizens that Romney had it wrong, for whatever reason, when he said Obama is a nice guy. Obama is a cold, ineligible racist cipher who is tearing this place apart. Do every one of you lack the imagination to know how this forced bankruptcy ends? You cowering republicans, who won´t lift a finger to stop the wholesale removing of the landmarks given to us by our brave and brilliant and Godfearing forefathers -- what in the world would you do differently if you could swiftly and smoothly destroy a superpower? What? Here is just one guy who sees we have lost both parties, and there are millions more without a voice. You are now traitors yourselves -- because of your Bushy quiet "standing down" tactic. You know the "stand down" tactic used in Benghazi -- when the heroes were calling their brothers for help -- and instead the administration turned away and left them to be murdered. And no outrage from republicans or subpoenas or promises of impeachment whatever the cost for this infamy. Republicans. Dead to us.

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Reply 28 - Posted by: St. Pitbull, 12/18/2012 1:59:44 PM     (No. 9072950)

Either: 1) go over the fiscal cliff - that´s what obambi wanted anyway, or 2) raise tax rates with the provision that if revenues from those taxes don´t hit what the static analysis say it will, that expenses get cut back to the level they were in 2008.

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Reply 29 - Posted by: wsdiego, 12/18/2012 3:43:20 PM     (No. 9073086)

Remember, Liberal means, Liberally spends yours and other peoples money!

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Reply 30 - Posted by: butch, 12/18/2012 8:04:20 PM     (No. 9073446)

It´s December 18 and not one single citizen of the United States knows what tax rates are going to be in 14 days! Yet, we´re all obligated to comply with the nation´s tax laws, even when they´re passed at the very last minute, under penalty of imprisonment.

How, for example, is Intuit supposed to produce 40+ flavors of TurboTax that all work perfectly, and get them to the right stores in the right states, in plenty of time for filers to meet the April 15 filing deadline? Intuit´s technical and logistical challenges are almost unimaginable - and Obama is solely responsible.

Moreover, what are employers supposed to withhold from paychecks in 2013? How about ADP? The sheer recklessness of this tax-code brinksmanship is shocking. Obama really does want to wreck the U.S. economy, doesn´t he? Obama seems to care not a whit about the implications of all this for the taxpayer and the employer. If Obama "cares" so much, he has an awfully peculiar way of showing it.

Meanwhile, individuals and corporations somehow manage to survive, itself a testament to the resilience of the human spirit in the face of unimaginable recklessness at the hands of government.

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Reply 31 - Posted by: Dodge Boy, 12/18/2012 8:43:08 PM     (No. 9073488)

Come on, Speaker Boehner, hurry it up on the cave, bro. Obie needs to get to his $4 million junket in Hawaii. Can´t keep obie waiting like this. Sarc/ off.

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Reply 32 - Posted by: artlover, 12/18/2012 10:38:06 PM     (No. 9073571)

Boehner looks really tired,but that shoul not make him give in to the man who wants to be a dictator. He needs to hold his lines and let Obama go off the cliff, literaly.

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Reply 33 - Posted by: larryp, 12/19/2012 1:57:56 AM     (No. 9073672)

Even if the Tax Twins get that money it only will operate the us govt for 3 weeks or so however it calculates out.
Remember that for a human to count to a trillion as in 1...2..3...it would take thrity-two thousand years. It is crazy to spend like this.
A better tack would be for Boehner to say "no tax increases and a 15% reduction in the debt ceiling".
Fifteen per cent is a figure mentioed for the Value-added tax. So it could work the other way just as well-as a reduction in spending. Heck the govt could go home on thurs at noon every week and that would be a big savings.

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