Raise taxes on wealthiest, Obama challenges GOP

[NJMaverick]

Quote:WASHINGTON (AP) — In a blunt challenge to Republicans in Congress, President Barack Obama insisted Wednesday that eliminating selected tax breaks for oil companies and the super-wealthy must be part of any deficit reduction plan.
"That's not radical," he said at a White House news conference. He was quick to add that a bipartisan agreement is possible to cut deficits, raise the government's debt limit and avert a threatened financial crisis.
Republicans in Congress have been insistent in recent days that any deficit reduction be limited to spending cuts, including reductions in benefit programs such as Medicare and Medicaid, and exclude additional revenues.
But Obama said both parties must be prepared to "take on their sacred cows" as part of the deficit-reduction negotiations.
In his opening remarks, the president called on lawmakers to renew a payroll tax cut that took effect on Jan. 1, identifying it as one of several measures lawmakers could approve to help create jobs. He also urged passage of trade agreements with Panama, South Korea and Colombia, and an overhaul of the nation's patent laws.

http://beta.news.yahoo.com/raise-taxes-w...29085.html

[jaxx]

The PL's are going crazy. The President is being straight forward and he isn't backing down.

[mcar]

(06-29-2011 10:43 AM)jaxx Wrote:  The PL's are going crazy. The President is being straight forward and he isn't backing down.

Yes, they've been screaming for him to show some backbone. Now they're desperately parsing the conference to prove that he's "caving" to the Rs and saying that just one press conference does not a bully pulpit make.

[PoliticalTiger]

(06-29-2011 11:16 AM)mcar Wrote:  

(06-29-2011 10:43 AM)jaxx Wrote:  The PL's are going crazy. The President is being straight forward and he isn't backing down.

Yes, they've been screaming for him to show some backbone. Now they're desperately parsing the conference to prove that he's "caving" to the Rs and saying that just one press conference does not a bully pulpit make.

Let 'em eat cheese!
(It goes good with their whine)