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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 06:42 PM
Original message
White House: No deal on taxes expected Tuesday
http://www.reuters.com/article/idUSTRE6AS4YE20101129?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28News+%2F+US+%2F+Politics+News%29

President Barack Obama is not expected to reach a deal with Republican leaders on whether to extend Bush-era tax cuts when he meets them on Tuesday, White House spokesman Robert Gibbs said.

Gibbs said he hoped there would be agreement on the need to reach a tax deal by the end of the year, when the cuts are due to expire.

"I think this is the beginning of the conversation. I do not expect we'll come out after an hour, an hour and a half, and have full agreement on this," Gibbs told reporters on Monday.

(snip)
"I think there is a unified position among most Democrats that I've seen that we simply cannot afford to borrow $700 billion to extend the tax cuts of those who make a million or a billion dollars a year, or make in excess of $250,000 a year," Gibbs said.
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Loge23 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 06:48 PM
Response to Original message
1. What a crock!
We'll impose a wage freeze on all federal workers - except the highly paid ones - to show our resolve in cutting the deficit.
But a simple, hugely effective, move like letting ALL the Bush tax cuts expire?? Can't do that!
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 06:50 PM
Response to Reply #1
2. Really? "except the highly paid ones" ?? Is there a salary cutoff for the freeze? nt
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Loge23 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 07:03 PM
Response to Reply #2
3. Well, read this and tell me who's left!
From the Yahoo feed:
"The proposal, which must be approved by Congress, would not apply to the military, but it would affect all others on the Executive Branch payroll. It would not affect members of Congress or their staffs, defense contractors, postal workers or federal court judges and workers."

Are there some high wage earners in there? Probably. But the brunt of this will hurt those who need it the most.
Look, I'm not opposed to this, but fair is fair. This isn't.
Read housekeepers, cooks, butlers, etc.
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 07:05 PM
Response to Reply #3
4. Damn, that sucks! Thanks. nt
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whistler162 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 07:13 PM
Response to Reply #3
5. Congress froze their salary last year.
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whistler162 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 07:15 PM
Response to Reply #1
6. We shall see sometime in the next 4 weeks
if your panic is accurate!
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crim son Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 07:50 PM
Response to Original message
7. If this administration comes to any agreement at all with the repukes
concerning the extension of the cuts for the highest earners, he will not get my vote in 2012. Period.
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Kaleva Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 07:54 PM
Response to Original message
8. Just let all the tax cuts expire.
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-10 08:02 PM
Response to Original message
9. The only wiggle room I can ascertain is regarding the maximum income eligible for the tax cut.
Whether it's $250,000, $500,000, or $1 million.

Max Baucus and Kent Conrad talked about extending all tax cuts for a year or two, but fortunately that crap idea seems to have withered on the vine.

Most Americans want to extend the middle class tax cuts, but would rather see them all expire than extend them for even five minutes for the upper crust.

The Wild Card is unemployment benefits.
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grumgrum Donating Member (164 posts) Send PM | Profile | Ignore Mon Nov-29-10 09:21 PM
Response to Original message
10. Will ANYONE be surprised when Obama extends tax cuts for the Rich?
We should all know how Obama leans by now so i dont understand why this playtime event for Tuesday...get it over with.

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