It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
One scenario the official discussed included the president barn-storming the country, telling the public that Democrats will put forward a bill to restore middle class tax cuts as soon as Congress convenes, and calling on them to pressure Republican congressional leaders to stop holding those tax cuts hostage in exchange for tax cuts for wealthier Americans.
So basically the deal is: Before January 1, Obama tries to get the GOP to freeze middle class taxes, and let upper-class (above $250K) taxes go back to pre-Bush levels. The GOP doesn't want to do this, and wants all the taxes to be held down together. This is a major sticking point. But they all go up on Jan. 1, and then the plan is for Obama to hector the GOP into just cutting middle class ones.
Originally posted by links234
I'm really liking Obama 2.0 so far.
This release needed to happen a long time ago.
Originally posted by FeelingPure
Originally posted by links234
I'm really liking Obama 2.0 so far.
This release needed to happen a long time ago.
ahahaha , i see what you did there, Yes i agree i like this new version of Obama 2.0
Originally posted by oper8zhin
This is the right thing to do!! Obama needs to get the wealthy paying their fair share before the middle class and poor get stuck with the BURDEN!!!
Originally posted by muse7
reply to post by solidguy
Obama wants all of the taxes to go back to pre-bush levels.
Back to Clinton levels.
Were massive layoffs happening back then? The Republicans are crying because they won't have their way this time around, and if they refuse to cut taxes on the middle class, while raising them on the wealthy then it will be political suicide for them when the mid term 2014 elections roll around.
Over the next ten years, President Obama's proposed budget, which includes $1.1 trillion in spending cuts, is projected to cut the deficit by nearly half, reducing it by $626 billion, from $1.33 trillion to $704 billion. Obama's budget includes more than $4 trillion in balanced deficit reduction so that, by 2018, the deficit will be less than 3 percent of GDP. For every $1 in new revenue generated from the new taxes on those making over $250,000 per year, and from closing corporate loopholes, the budget has $2.50 in spending cuts, including the deficit reduction enacted over the last year.
Originally posted by muse7
reply to post by solidguy
Yes he is
Over the next ten years, President Obama's proposed budget, which includes $1.1 trillion in spending cuts, is projected to cut the deficit by nearly half, reducing it by $626 billion, from $1.33 trillion to $704 billion. Obama's budget includes more than $4 trillion in balanced deficit reduction so that, by 2018, the deficit will be less than 3 percent of GDP. For every $1 in new revenue generated from the new taxes on those making over $250,000 per year, and from closing corporate loopholes, the budget has $2.50 in spending cuts, including the deficit reduction enacted over the last year.
Link