Debt talks turn on tax hikes, as president prepares to update public Update: President hopes parties will “leave ultimatums at the door”

posted at 4:52 pm on July 5, 2011 by Tina Korbe

The president this afternoon will update the public as to the status of the negotiations to cut government spending and raise the nation’s debt ceiling. The talk comes after Senate Republicans this weekend said they were increasingly worried the White House and Congressional leadership would cut a last-minute debt-ceiling deal, leaving Congress with no time to review the specifics before a vote.

“I’m really worried about it – and we’re not going to rubber-stamp something sent down from the White House,” Sen. Jeff Sessions (R., Ala.) said on Fox News Sunday.

Republican Sen. John Cornyn of Texas, in a separate appearance on the same show, said President Barack Obama, Sen. Minority Leader Mitch McConnell (R., Ky.) and House Speaker John Boehner (R., Ohio) “are the only people who can cut the deal.” But he worried that the package would not be able to muster enough votes to pass the House and Senate.

“What I’m concerned about is that … we’re running up against this deadline and they’re going to try to present it as a fait accompli,” Cornyn said. “Nobody is going to have time to read it or consider the implications of it. And [the president is] going to say you have to pass it or the economy is going down the tubes. That’s just irresponsible.”

Meanwhile, Democrats have hinted at what we’re likely to hear from the president later this afternoon (the president’s press conference last week also provided a bit of a preview). That is, Democrats have lately made no real secret of their end goals for the deficit reduction talks. They seem determined to use the debt ceiling deadline to garner tax hikes.

Democrats have floated ideas that could raise tax revenues by some $400 billion over the next decade as they negotiate deficit reductions with Republicans, according to people familiar with the plan, posing the most contentious issue as talks reach a critical stage this week. …

As details emerge from the closed-door talks, … it is becoming clear the tax plans on the table would go further [than the elimination of tax breaks for "millionaires and billionaires, or for hedge fund managers and corporate jet owners," as the president said]. For instance, according to people from both parties familiar with the discussions, the administration’s plan would cap itemized deductions for families with adjusted gross income, or income after certain deductions and other breaks, of $250,000 and up, not just those earning $1 million or more. And it would eliminate a tax-accounting methodology employed by a broad swath of U.S. businesses, including many small firms.

Republicans generally say government spending is the real problem, even as some say they are open to some “revenue increases,” a term that has come to signify tightening of existing breaks. Americans “don’t think they need their taxes raised, and I don’t either,” Sen. John McCain (R., Ariz.) said Sunday on CNN’s “State of the Union.” At the same time, Mr. McCain suggested willingness to consider “certain revenue raisers,” without elaborating.

The debt ceiling debate cannot possibly be construed as a win for Republicans if they cave on tax increases and, no matter how secretively Democrats behave, Republicans won’t be able to pretend they didn’t see what was coming.

Now is certainly the time for the White House and Democratic leadership to fully reveal the results of the Biden talks and give the American people a chance to say how they feel about those tax hikes, as Republicans have been saying. But now is also the time for Republicans to prepare to reject a deal that includes tax increases and to be ready to stand entirely on principle. They’ve said no tax increases. They better mean no tax increases. The consequences of not raising the debt ceiling as soon as possible probably appear extraordinarily painful to any politician who understands what would have to happen in that case to avoid default — but to any concerned American citizen in Congress or outside of it, it should be obvious that such conviction on the part of politicians might be what it will take to make the point that the nation has a spending problem, not a revenue problem.

Best-case, wishful-thinking scenario: The administration presents a deal with deep spending cuts and no tax increases and Republicans will have steeled themselves for nothing.

Update: In his brief status update just minutes ago, the president said he has invited both Republicans and Democrats to the White House Thursday to work through the “real differences” that still exist with regard to a debt ceiling deal.

“Most of us already agree we need to find trillions in savings over the next decade,” the president said. “To get there, I believe we need a balanced approach. …  This will require both parties to get out of their comfort zones and to agree to real compromises. We need to come together over the next two weeks to reach a deal that reduces the deficit. … I’ve asked both parties to come here to the White House on Thursday. It’s my hope that everyone will leave our ultimatums at the door, that we’ll leave our political rhetoric at the door and do what’s best for our economy and the American people. This should not come down to the last second.”

Part of that balanced approach, the president said, will include examining “spending in the tax code.”

One wonders why, if the president doesn’t want this to come down to “the last second,” he didn’t invite both parties to open discussions sooner.


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Close up the store and go home -they own it! Sell out and you’ll get a third party and an asterik in the history books.

Don L on July 5, 2011 at 4:55 PM

Wishy-washy statement, tried to give the impression that he worked the long weekend. He did break his long string of weekend golf, but it was only because of weather.

slickwillie2001 on July 5, 2011 at 4:56 PM

Yes, he just came out and said everyone needs to get to work. The Won is an idiot.

Cindy Munford on July 5, 2011 at 4:56 PM

Obama will likely rant on those who own boats and fancy sports cars.

Schadenfreude on July 5, 2011 at 4:58 PM

Cue apologists for the Oppressive-Left with the ‘Hey, we’re just turning the screws a little tighter on taxes’ song and dance, what’s the big deal?

It’s just a few percent more in taxes, where’s the harm?

Besides all the other Capital gains taxes, Income taxes, state taxes, local taxes, state surcharges, user fees, sales taxes, property taxes, school taxes, personal property taxes, sale tax surcharges, capital gain tax fees, State income tax surcharge fees, local user fees, license surcharges, etc.

Not to mention all the regulations and regulatory fees surcharge and taxes.

Chip on July 5, 2011 at 4:59 PM

If they raise taxes, then all business should with hold the 941 deposits. CHOKE off the monsters blood supply. until they get it ! NO BUSINESS AS USUAL.

ColdWarrior57 on July 5, 2011 at 5:00 PM

Part of me wants to say, “Let the dems have their tax hikes.” Then when the economy goes further into the crapper, no one will be able to say with any credibility that tax hike worked.

But somehow, the tongue-bath media will convince everyone it’s the Republicans’ fault.

CurtZHP on July 5, 2011 at 5:02 PM

They seem determined to use the debt ceiling deadline to garner tax hikes.

Whoa! Didn’t see that coming!

I mean, it’s not like it’s the Democratic National Socialist Progressive Party’s ONLY idea…

……Ohh.. maybe it is.

Chip on July 5, 2011 at 5:03 PM

To tell the truth, I don’t really get all the fuss. If Our Idiot President and his little band of Fairy Demcorats demand a tax increase on their billionaire supporters, give it to them in exchange for a huge spending decrease.

We all know what will happen (i.e., revenues will stay flat), but at least we’ll get the spending decrease. And then when the unemployment rate is still 9% next November, we’ll get rid of this imbecile and put a fiscal conservative in, cut taxes and spending again, and get the economy moving.

I am all good with that.

Jaibones on July 5, 2011 at 5:03 PM

Am I wrong to believe the GOP leadership will fold faster than a cheap lawn chair?

bw222 on July 5, 2011 at 5:06 PM

I love the “millionaires and billionaires” tax increases that apply to people making $250K. Is the media really THAT incompetent ?

deadrody on July 5, 2011 at 5:06 PM

I sent a letter to John Boehner (not that he would either read it or care) with this message: IT’S A TRAP!!! Just like Bush I (H.W.), they will get the Republicans to agree to a tax increase – however small. Then, after their “Pledge to America” and all their “NO, we will NOT raise taxes” rhetoric, the Democrats will DESTROY them in the upcoming months for being the problem, breaking their promises to the American people, etc. etc. etc.

Heard it all before. During the Bush I election, then again under Clinton when Gingrich was Speaker. They are setting the exact same trap! And, the “stupid party” falls for it, every time.

They need to stand AGAINST tax hikes, hold the line on making DEEP cuts in spending, or it is a giant FAIL.

The Democrats will NOT let Republicans off if they let ANY tax hikes happen.

God save us from this insanity called DC politics!

DINORight on July 5, 2011 at 5:06 PM

This was the plan from the very beginning. Run up spending to the breaking point and then say oh my goodness we have to make the hard choice of raising taxes to fix the problem which we created. Where exactly did the Dems think the money for the stimulus and the bailouts and increasing the baseline of government spending, not to mention ObamaCare was going to come from? It was intentional, it is all they know how to do, Tax and Spend. But the media will try to portray it as the only “reasonable” solution to the fix we are in.

txmomof6 on July 5, 2011 at 5:06 PM

Part of me wants to say, “Let the dems have their tax hikes.” Then when the economy goes further into the crapper, no one will be able to say with any credibility that tax hike worked.

But somehow, the tongue-bath media will convince everyone it’s the Republicans’ fault.

CurtZHP on July 5, 2011 at 5:02 PM

But…but…but…but… it’s only a little more in taxes from people who can afford to contribute a little more…. And then a little more … and later on a little more… and ..

/ Apologists for the Oppressive-Left.

Chip on July 5, 2011 at 5:07 PM

I’m voting against any GOP who accepts a deal with tax increases in it.

taney71 on July 5, 2011 at 5:07 PM

Because Obama is a jackass.

taney71 on July 5, 2011 at 5:08 PM

We know Obama is set on raising taxes and increasing the debt limit to re-distribute wealth to buy votes. What we don’t know is how are the republicans going to sell us out again. Keep in mind the vast majority of the republicans were part of the problem that allowed our economy to tank to allow an empty suit like Obama to get elected in the first place. Time to flush the incumbents in both parties.

volsense on July 5, 2011 at 5:09 PM

I’m all for raising taxes on the MSM, community organizers, government employees (non-military), Hollywood, teachers, and telephone sanitizers.

Woe unto anyone who raises taxes on the productive or prudent.

cthulhu on July 5, 2011 at 5:09 PM

ColdWarrior57 on July 5, 2011 at 5:00 PM
No one business wants to risk fines to defy the IRS. They can’t collectively decide to break the law, so not gonna happen.

txmomof6 on July 5, 2011 at 5:10 PM

No tax increase without a Balanced Budget Amendment

pedestrian on July 5, 2011 at 5:10 PM

I think the republicans should blow off the meeting at a press conference where they indicate they say they’ve heard the same arguments before.

ClanDerson on July 5, 2011 at 5:11 PM

Democrats have floated ideas that could raise tax revenues by some $400 billion over the next decade as they negotiate deficit reductions with Republicans

These people are nuts.

Secondly … they all lie. They are NEVER true to their word. Everything they do has an ulterior motive.

Stick to your guns Repubs.

darwin on July 5, 2011 at 5:11 PM

It was intentional, it is all they know how to do, Tax and Spend. But the media will try to portray it as the only “reasonable” solution to the fix we are in.

txmomof6 on July 5, 2011 at 5:06 PM

Actually, this time was a MAJOR revision in strategy.

They changed the plan to “Spend and Tax”.

cthulhu on July 5, 2011 at 5:11 PM

“Most of us already agree we need to find cut trillions in savings spending over the next decade,” the president said.

There ya go, Barry. Fixed it for you.

disa on July 5, 2011 at 5:12 PM

I’m voting against any GOP who accepts a deal with tax increases in it.

taney71 on July 5, 2011 at 5:07 PM


THIS

And I have told every one of them that if they cave to this, it will be the end of them.

jackal40 on July 5, 2011 at 5:13 PM

“Most of us already agree we need to find trillions in savings over the next decade,” the president said.

Most of us? Really? Welcome to the party, Bub, prove it.

Cindy Munford on July 5, 2011 at 5:13 PM

It’s my hope that everyone will leave our ultimatums at the door, that we’ll leave our political rhetoric at the door and do what’s best for our economy and the American people. This should not come down to the last second.”

Does he recall his last presser, from a week ago?

Lead or get out of the sandbox.

Schadenfreude on July 5, 2011 at 5:14 PM

It’s my hope that everyone will leave our ultimatums at the door, that we’ll leave our political rhetoric at the door and do what’s best for our economy and the American people. This should not come down to the last second.”

Translation: Don’t even think about coming out against our one and only idea Republicans.

Wink and a nod to the Democrats on “Spending cuts.”

Chip on July 5, 2011 at 5:15 PM

Part of me wants to say, “Let the dems have their tax hikes.” Then when the economy goes further into the crapper, no one will be able to say with any credibility that tax hike worked.

But somehow, the tongue-bath media will convince everyone it’s the Republicans’ fault.

CurtZHP on July 5, 2011 at 5:02 PM

That’s what I thought would happen with the stimulus – but unbelievably, lefties claim it wasn’t enough.

disa on July 5, 2011 at 5:15 PM

Close up the store and go home -they own it! Sell out and you’ll get a third party and an asterik in the history books.

Don L on July 5, 2011 at 4:55 PM

Yep. When a reporter asks, the R’s only response should be, “The House passed a budget months ago, it’s the Democrat Senate and Presidency that are the quagmire.”
Reduce. Reuse. Recycle.

txhsmom on July 5, 2011 at 5:16 PM

Part of that balanced approach, the president said, will include examining “spending in the tax code.”

How is anybody supposed to have an adult discussion with a guy who says things like that. It’s an insult to the intelligence of every person who hears an utterance so ridiculous.

forest on July 5, 2011 at 5:17 PM

That’s what I thought would happen with the stimulus – but unbelievably, lefties claim it wasn’t enough.

disa on July 5, 2011 at 5:15 PM

It’s never enough for them – just like taxes.

Chip on July 5, 2011 at 5:17 PM

I find it hard to believe Obama met a spending cut he didn’t like.

MeatHeadinCA on July 5, 2011 at 5:17 PM

The democrats will not cut spending. Their entire grasp on power requires on spending. Their giant Ponzi scheme requires more and more money to keep people voting for them.

darwin on July 5, 2011 at 5:22 PM

One wonders why, if the president doesn’t want this to come down to “the last second,” he didn’t invite both parties to open discussions sooner.

Because he’s a dick.

WarEagle01 on July 5, 2011 at 5:22 PM

Then tax hikes will be left at the door……right?

lilium on July 5, 2011 at 5:23 PM

Update: In his brief status update just minutes ago, the president said he has invited both Republicans and Democrats to the White House Thursday to work through the “real differences” that still exist with regard to a debt ceiling deal.

The democrats came in the front door, and the Republicans were asked to use the Dali Lama entrance.

portlandon on July 5, 2011 at 5:23 PM

Can a Democrat Marxist ever speak without using
racism, class envy, or class warfare?

lilium on July 5, 2011 at 5:24 PM

President Present was waiting to see how the plan worked in Minn. before trying it on the national stage. It appears that Dayton may be blinking ever so slightly. This is no way to run a country or a state, but when you have power grabbing progressives intent on destroying the golden goose, this is what we get. Hunker down, repubs, DeMint warned you last week what would happen.

Kissmygrits on July 5, 2011 at 5:24 PM

Government at all levels will collect about $4.5 trillion dollars in revenue this year. I don’t think any state and local governments are socking away wads of cash, so if you throw in the $1.6 trillion in federal deficit spending it adds up to at least $6.1 trillion to pay for government at all levels. That’s not just out of control, that’s insane. The problem is not revenue, the problem is bloated spending across the board.

Dave E. on July 5, 2011 at 5:28 PM

One more time Obama . . . NO tax increases, and you can forget the “BS” rhetoric. Furthermore, if those milquetoast Republicans cave then they can go straight to hades.

rplat on July 5, 2011 at 5:28 PM

Could someone tell me please what the heck “spending in the tax code” means?

powerpro on July 5, 2011 at 5:29 PM

What did you expect?

California Governor Jerry Brown, a Democrat, wants to increase taxes to cut the state deficit.
Minnesota Governor Mark Dayton, a Democrat, wants to increase taxes to cut the state deficit.

If House Speaker Boehner or Senator Cornyn make any kind of budget deal that increases taxes, that would be a perfect time for Sarah Palin to enter the presidential race, denouncing the Republican sellout.

Emperor Norton on July 5, 2011 at 5:29 PM

Can a Democrat Marxist ever speak without using
racism, class envy, or class warfare?

lilium on July 5, 2011 at 5:24 PM

Only when it’s time to lie to the MSM and the rest of us.

Greg Toombs on July 5, 2011 at 5:31 PM

The wheels on the bus go round round round…….

grapeknutz on July 5, 2011 at 5:31 PM

ColdWarrior57 on July 5, 2011 at 5:00 PM
No one business wants to risk fines to defy the IRS. They can’t collectively decide to break the law, so not gonna happen.

txmomof6 on July 5, 2011 at 5:10 PM
Well congress and the president are breaking the law. In our constitution it is clearly stated “The unanimous Declaration of the thirteen united States of America,

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.”
I fear we are at that point again. I an not saying we need a violent revolution again. I am saying that WE the People need to send a clear message. What better way then to stop feeding the monster.

ColdWarrior57 on July 5, 2011 at 5:32 PM

One wonders why, if the president doesn’t want this to come down to “the last second,” he didn’t invite both parties to open discussions sooner.

What’s to wonder? The President is a tool.

jawkneemusic on July 5, 2011 at 5:33 PM

I wonder what an ten percent across the board reduction in spending do for the deficit?

Cindy Munford on July 5, 2011 at 5:38 PM

What’s wrong with you people?Who said anything about tax hikes? It’s revenue increases silly….

sandee on July 5, 2011 at 5:43 PM

tell me please what the heck “spending in the tax code” means?

The Democrats call the money that doesn’t come in because taxes are not raised as high as they’d like as a “tax expenditure” or as “spending in the tax code.”

“Eliminating Tax Expenditures” is Left-Wing Code for “Raising Taxes”

Emperor Norton on July 5, 2011 at 5:45 PM

Isn’t it time to go in their with him and say three words.

November -we won!

Don L on July 5, 2011 at 5:46 PM

“Please check your opinions at the door; Please pick mine up in the handy folder on the table in front of you.”

barnone on July 5, 2011 at 5:47 PM

Part of that balanced approach, the president said, will include examining “spending in the tax code.”

How is anybody supposed to have an adult discussion with a guy who says things like that. It’s an insult to the intelligence of every person who hears an utterance so ridiculous.

forest on July 5, 2011 at 5:17 PM

What that means is that the democratics think that any income that is not taken by the government constitutes ‘spending’, and any money in private hands is there only through the generosity of Congress. Bizarr-a-mundo.

slickwillie2001 on July 5, 2011 at 5:48 PM

I don’t really get all the fuss. If Our Idiot President and his little band of Fairy Democrats demand a tax increase on their billionaire supporters, give it to them in exchange for a huge spending decrease.

Jaibones on July 5, 2011 at 5:03 PM

They’ve rejected this option. They think that means something.

alwaysfiredup on July 5, 2011 at 5:50 PM

Gee I seem to recall a whole lot of people running around with signs saying “cut spending”.

tarpon on July 5, 2011 at 5:50 PM

The Dems right from the start have never liked the fact that the Tea Party caused the debate to swing towards cutting spending. Their frothing-at-the-mouth liberal base have been asking that they also request tax increases to try and shift momentum to their side and this is exactly what they are doing.

To quell all this talk of tax increases, the GOP should also place on the chopping table ‘Obamacare’ and the defunding/elimination of useless and duplicative federal agencies, as well as defunding PPP.

Throw Obama’s words back at him and watch him backpedal as fast as he can.

It’s my hope that everyone will leave our ultimatums at the door, that we’ll leave our political rhetoric at the door and do what’s best for our economy and the American people.

Unfortunately, the wimps that we have as leaders have shown they have no political ‘killer instincts’. A Speaker Sarah Palin would have had a reply for Obama by now and told him to shove his meeting some place where the sun don’t shine.

TheRightMan on July 5, 2011 at 5:51 PM

If House Speaker Boehner or Senator Cornyn make any kind of budget deal that increases taxes, that would be a perfect time for Sarah Palin to enter the presidential race, denouncing the Republican sellout.

Emperor Norton on July 5, 2011 at 5:29 PM

Not only that… it will be the time for WE the people to march on Washington with pitchforks and drive out Boehner and McConnell, handing over the ‘Speakership’ and Minority Senate Leader to conservatives who are prepared to fight.

I tell you, if they dare do that, they will see massive protests the like of which would make 2009-2010 Tea Party gatherings seem like a gathering of the Coffee Party. And there will be no media spin on this because it will decimate all the big-government statists.

TheRightMan on July 5, 2011 at 5:59 PM

I’ll bet that doesn’t include the ultimatum about tax hikes, on the Democrats part!!!

If I’m the Republicans I say, spending cuts this year, tax hikes next year, once all the facts and figures are in. The Democrats are really good at promising spending cuts, but getting them is a different story. I wouldn’t trust any Democrat on cutting spending, which is why the Republicans have to hold the line. The Republicans really want to straighten out the debt and would be willing to cut certain tax breaks, but the overall game is to reduce deductions and lower rates, which the Democrats don’t want to do.

I want shared sacrifice too, I want those not paying any taxes to pay some, even if it’s only $1 thousand dollars. Everyone needs to have skin in the game.

Vote Republican and only be called a racist one more time.

bflat879 on July 5, 2011 at 6:00 PM

Give the counter-offer of the fact we spend a lot in the tax code on the poor and lower middle class and that they should be paying their fair share in federal income taxes. Perhaps the poor could get a discount of 2% for every 1% they are under the poverty line… and the destitute would still have money ‘spent on them’.

The top 10% pay 70% of the federal taxes, which includes many individually owned small businesses. So instead of increasing it on those already paying, give them the argument that if they really want to cut out ‘spending’ in the tax code then it is time to get in the deadbeats and freeloaders so we can all ‘share the pain’.

And give nothing on a debt ceiling hike.

Not another penny on that.

A government should be able to operate pretty well on $2 trillion/year.

ajacksonian on July 5, 2011 at 6:01 PM

All hat and NO CATTLE!

gullxn on July 5, 2011 at 6:07 PM

“To get there, I believe we need a balanced approach. … This will require both parties to get out of their comfort zones and to agree to real compromises.

More BS from the community organizer. This is just the same garbage tactic he used in the projects in Chicago to appear to be above it all while pushing a hard-Left agenda.

irishspy on July 5, 2011 at 6:07 PM

The GOP will cave as usual…and its because they are one head of a two headed snake. When is everybody going to get it…the Dems and the GOP are the SAME!!

Let the government default, I could give a damn. But be prepared for some serious fallout. China will want Alaska and Japan will want Hawaii.

PatriotRider on July 5, 2011 at 6:14 PM

Obama: “Welcome to our joint discusssions. I won. Dismissed”

fred5678 on July 5, 2011 at 6:27 PM

If I’m the Republicans I say, spending cuts this year, tax hikes next year, once all the facts and figures are in. The Democrats are really good at promising spending cuts, but getting them is a different story. I wouldn’t trust any Democrat on cutting spending, which is why the Republicans have to hold the line. The Republicans really want to straighten out the debt and would be willing to cut certain tax breaks, but the overall game is to reduce deductions and lower rates, which the Democrats don’t want to do.

I want shared sacrifice too, I want those not paying any taxes to pay some, even if it’s only $1 thousand dollars. Everyone needs to have skin in the game.

Vote Republican and only be called a racist one more time.

bflat879 on July 5, 2011 at 6:00 PM

Ooowww I’m liking that, Have the Democrats prove they can cut spending, First.

Chip on July 5, 2011 at 6:29 PM

The Democrats’ spokesperson says it all:

Chris Matthews: “Spending is at 25% of GDP, taxing is at only 16%, THEREFORE we must tax at 25%”

fred5678 on July 5, 2011 at 6:29 PM

Both sides need to agree to overhaul the tax code.

I am sick and tired of seeing the smiling faces of the pimps-n-queens on the dole with their $6250 tax “REFUND” they got when they paid no tax. People are rewarded for being sloths and I for one am sick of it.

Flat Tax/Fair Tax.

Key West Reader on July 5, 2011 at 6:37 PM

The GOP will cave as usual…and its because they are one head of a two headed snake. When is everybody going to get it…the Dems and the GOP are the SAME!!

PatriotRider on July 5, 2011 at 6:14 PM

I’m beginning to think you are right. It seems that only the Freshman class and a small handful of career DC Repub’s are truly fighting for the American people.

Key West Reader on July 5, 2011 at 6:39 PM

Part of that balanced approach, the president said, will include examining “spending in the tax code.”

Nope, I have examined it and determined it is not enough spending, we need to tax more…
Isn’t that rather obvious?

right2bright on July 5, 2011 at 6:45 PM

They’ve rejected this option. They think that means something.

alwaysfiredup on July 5, 2011 at 5:50 PM

They who? The DemonRats?

Jaibones on July 5, 2011 at 6:48 PM

ColdWarrior57 on July 5, 2011 at 5:00 PM

Oh whatever. Don’t pay the troops. It’s not like they live paycheck to paycheck or anything.

ladyingray on July 5, 2011 at 6:48 PM

Just like the border, seal the leaks first, than talk about what comes next…cut the spending, than we can talk about what comes next…

right2bright on July 5, 2011 at 6:49 PM

Am I wrong to believe the GOP leadership will fold faster than a cheap lawn chair?

bw222 on July 5, 2011 at 5:06 PM

I think your analogy is a little slow on how quickly they fold.

SouthernGent on July 5, 2011 at 6:49 PM

dog and pony show part 3,432

cmsinaz on July 5, 2011 at 7:05 PM

I know we’re not supposed to use that Cee-session word, but that’s the only recourse we have. As Walter Williams has said, it’s time we parted company peacefully.

Bugler on July 5, 2011 at 7:07 PM

Enough pretense . . . these people are communists and they need to be voted out of office en masse. The milquetoast Republicans must stop their timid soft shoe and tell the people exactly what is happening to this once great Republic. Is there a single living politico with any guts?

rplat on July 5, 2011 at 7:07 PM

Ladyingray so whats your solution? Business as usual and let the government keep on spending money we don’t have?

ColdWarrior57 on July 5, 2011 at 7:08 PM

One wonders why, if the president doesn’t want this to come down to “the last second,” he didn’t invite both parties to open discussions sooner.

One also wonders how a person can hope to be taken seriously when he says he wants all parties to leave their political rhetoric at the door, and follows it up by using political rhetoric in saying we’re going to have to examine “spending in the tax code.”

Midas on July 5, 2011 at 7:16 PM

I tell you, if they dare do that, they will see massive protests the like of which would make 2009-2010 Tea Party gatherings seem like a gathering of the Coffee Party.

TheRightMan on July 5, 2011 at 5:59 PM

I’d like to hope so, but I just don’t have the confidence that the citizenry have the balls it takes to do what must be done anymore.

Midas on July 5, 2011 at 7:20 PM

Update: President hopes parties will “leave ultimatums at the door”

Update to the update: Every sane person within range of hearing calls BULLSHIT.

hillbillyjim on July 5, 2011 at 7:32 PM

Hey, Jugears.

There is no spending in the tax code; only TAKING.

hillbillyjim on July 5, 2011 at 7:33 PM

Maybe I should have included this:

Part of that balanced approach, the president said, will include examining “spending in the tax code.”

before I said this:

Hey, Jugears.

There is no spending in the tax code; only TAKING.

hillbillyjim on July 5, 2011 at 7:33 PM

Context is everything, hillbilly. Get with the program.

hillbillyjim on July 5, 2011 at 7:38 PM

I’m beginning to think you are right. It seems that only the Freshman class and a small handful of career DC Repub’s are truly fighting for the American people.

Key West Reader on July 5, 2011 at 6:39 PM

I’m starting to think that (thankfully) … Boehner may have lost the ability to LEAD his caucus after the horrid deal on the budget.

I really don’t think that the Tea Party freshmen will buy it if he comes to them, crying again, and says … “This is best deal we can get”. I think they vote against any deal where he caves to the Dims.

THE QUESTION IS … are there enough of those guys to kill any deal that raises taxes and I have to think …

No … there are NOT enough of them – because the Elite Republicans in the House will vote with the Dims to sell this nation out.

HondaV65 on July 5, 2011 at 8:18 PM

President hopes parties will “leave ultimatums at the door”. Or else.

.
fify.

mrt721 on July 5, 2011 at 8:32 PM

SHUT IT DOWN!

GarandFan on July 5, 2011 at 11:55 PM

Flat Tax/Fair Tax.

Key West Reader on July 5, 2011 at 6:37 PM

I have little confidence that either party, as they exist now, would seriously consider surrendering their “power to destroy” as it stands in the present code. The tax code is massive and convoluted not because of rates, but because of deductions. Who has what favored status, when and why. A FAIR or flat tax would eliminate most of a gargantuan bureaucracy and insure that every American who works or earns pays something. Then, to whom would the politicians pander?

SKYFOX on July 6, 2011 at 6:21 AM