White House Gives In On Bush Tax Cuts
source: http://www.huffingtonpost.com/2010/11/10/white-house-gives-in-on-bush-tax-cuts_n_781992.html
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- vixxxen618
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http://www.huffingtonpost.com/2010/11/10/white-house-gives-in-on-bush...
President Barack Obama's top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board, temporary continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week's electoral defeat.
"We have to deal with the world as we find it," Axelrod said during an unusually candid and reflective 90-minute interview in his office, steps away from the Oval Office. "The world of what it takes to get this done."
"There are concerns," he added, that Congress will continue to kick the can down the road in the future by passing temporary extensions for the wealthy time and time again. "But I don't want to trade away security for the middle class in order to make that point."
It has been widely assumed that the president would have to accept an across-the-board deal of some kind, but Axelrod's remarks were the first public confirmation of that fact -- and by a figure regarded as closer to Obama than any other White House staffer.
Also dealing "with the world as we find it," Axelrod declined repeatedly to comment on any of the controversial debt-reduction measures suggested by the chairs of the president's own commission -- even those, such as raising the Social Security retirement age, that go against Obama campaign pledges and strike at the heart of Democratic constituencies.
He said that the White House would wait until the commission made its final recommendations on Dec. 1 before adding, "the president's commitments haven't changed."
http://www.huffingtonpost.com/2010/11/10/white-house-gives-in-on-bush-tax-cuts_n...
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- Obama, Taxes, White House, Tax Cuts
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ChristopherX
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We all got duped, big time! We are making comparisons between Obama and Bush, but let's not forget the stupidity of "puts his foot in his mouth" Biden. Remember when we called Palin a dumb choice for a vice president, that was not too long ago my friends! I think i just realized there is no lesser of two evils, just plain evil..
- 2 years ago
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ChristopherX
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insaintity
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ChristopherX:
True power does not come from governments.
- 2 years ago
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insaintity
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EmperorThan
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http://www.demotivationalposters1.com/wp-content/uploads/2009/05/compromise-lets...
So much for voting for Obama again... talk about spineless.
- 2 years ago
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EmperorThan
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oppressed1
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EmperorThan:
Obama looks like he has never been in a fight. How is a pussy supposed to have a spine.?
- 2 years ago
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oppressed1
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kennymotown
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Here is a great article relating to the commission on debt that recently exposed the group as being very hard right politically. How can we actually grant an extensions of tax cuts for the wealthy when this right wing commission won't beef up tax receipts from the rich!
http://www.nytimes.com/2010/11/12/opinion/12krugman.html?src=ISMR_HP_LO_MST_FB
- 2 years ago
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kennymotown
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musicjohnny
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Yeah, I'm pretty sure Axelrod has since said that they're going to keep fighting....
- 2 years ago
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musicjohnny
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mik661
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Wrong. Huffington Post stirring the shit pot.
- 2 years ago
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mik661
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Jake_Leonard
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I'm working on a candid letter to the president; what should I include?
- 2 years ago
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Jake_Leonard
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Egnatius212
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HAHA
. . .It's funny because it's a blatant lie. Good job Huff. post, keep on spinning.
http://voices.washingtonpost.com/plum-line/2010/11/the_morning_plum_129.html - 2 years ago
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Egnatius212
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KSirys
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so much for change....
- 2 years ago
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KSirys
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moodyblue
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When I voted for Obama I thought I was helping to elect a fighter. Instead I got the towel boy. Obama is too eager to throw in the towel on things he should be fucking fighting for.
Dont get me wrong, Obama has done some good things but im tired of his constant catering to the right. - 2 years ago
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moodyblue
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Mister_Lackner
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UPDATE: White House denies giving in on Bush tax cuts: The White House is sharply denying the Huffington Post story I noted below claiming that David Axelrod signaled a willingness to accept a temporary extension of all the Bush tax cuts, claiming that their position remains unchanged.
Axelrod emails:
There is not one bit of news here. I simply re-stated what POTUS and Robert have been saying. Our two strong principles are that we need to extend the tax cuts for the middle class, but we can't afford a permanent extension of the tax cuts for the wealthy.
More: http://voices.washingtonpost.com/plum-line/2010/11/the_morning_plum_129.html
- 2 years ago
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Mister_Lackner
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Gravity_Man [removed]
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Mister_Lackner: This comment was removed by its owner.
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Gravity_Man [removed]
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UtopianSky
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Gravity_Man:
I can't tell what is satire anymore, because there really are people who believe stuff as stupid as that!
- 2 years ago
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UtopianSky
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noxidereus
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Not surprising. Add this to the list of reasons why I no longer Support Obama. Fuck the Democrats! This is just more proof that the corporations and the rich are in total control of both parties, and thus our country.
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noxidereus
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Dagum
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It seems like the Republicans also elected a President during the 2010 elections cycle.
Obama is a craven coward with a spine of a jellyfish.
- 2 years ago
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Dagum
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Incredulous
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I am disappointed, but I think this is the REAL reason behind the extension of the tax cuts for the rich:
- 2 years ago
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Incredulous
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dreamsenvoy
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Incredulous:
one of the reasons
- 2 years ago
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dreamsenvoy
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transfire
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Well, that about cinches it. I've had my suspicions since the start. Obama has done nothing but capitulate --on health care reform, continued raiding of medical marijuana facilities, don't ask don't tell, and so on. Now with this, I can only conclude Obama is a plant. He was a *selected* candidate, put in place by the establishment to present a facade of change to the left, while serving a a beating post for the right. Nothing more.
It's over folks. The America we were raised to believe in is completely gone. You got one decision now. Do you rev0lt or do you lie down and accept your subjugation?
- 2 years ago
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transfire
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vmine [removed]
- This comment was removed as a violation of community guidelines.
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vmine [removed]
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Incredulous
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vmine:
oh so now the spammers are commenting....you don't get it do you? We don't want the crap you are peddling, and we don't want your ads on this site. Go away.
- 2 years ago
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Incredulous
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Nephwrack
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if corporations are to be treated as persons they should be held responsible as persons, and be subject to the same penalties as the poorest of us. namely, the death penalty! if a corporation does some horrible crime they should be disbanded!
- 2 years ago
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Nephwrack
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Varex_Sythe
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Nephwrack:
Can you imagine how lightly corporations would tread if they were subject to the death penalty in the sense that everyone involved would face the death penalty? Hardly anybody running or working in a corporation would every fuck around with risky investments just because there is a slim chance that it might pay off.
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Varex_Sythe
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Nephwrack
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Varex_Sythe:
not talking about that but i mean it figuratively. as in the corporation gets scrapped.
- 2 years ago
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Nephwrack
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Varex_Sythe
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Nephwrack:
I figured as much. I just thought it would be amusing to take creative license, even if it was extreme.
- 2 years ago
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Varex_Sythe
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KSirys
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Nephwrack:
China does it... don't know why the US is behind the ball...
- 2 years ago
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KSirys
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Varex_Sythe
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I have a question. With the Republican back on power, what would happen if the Bush era tax cuts were allowed to expire and new tax cuts, presumably for the middle and lower class of the United States, were to be pushed through by the presidential administration?
FYI, I'm not trying to defend Obama or his administration for continuing these tax cuts. I am actually curious as to what potential road blocks they could realistically face if they decided to implement a new tax break for people who actually needed it.
- 2 years ago
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Varex_Sythe
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UtopianSky
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Varex_Sythe:
The Republicans would do everything in their power to prevent the Obama administration from accomplishing anything that could possibly give him a PR boost.
The Republicans would gladly drive this nation into a depression as long as it's done during a Democratic administration.
- 2 years ago
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UtopianSky
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mitekillem
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I will gladly pay more taxes, to drag down the rich with me.
I would gladly give more money to the gov't...if they FOR ONCE would make those rich selfish asshole pay their fair share. - 2 years ago
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mitekillem
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mindcruzer
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mitekillem: This comment was removed by its owner.
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mindcruzer
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UtopianSky
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mindcruzer:
Who said anything about heavily taxing our most "productive" individuals?
You have a rather naive view of the wealthy.
Exactly how "productive" do you think Paris Hilton is anyway?How about Christy Walton, widow of Sam Walton's (WalMart) son.
She is the #4 wealthiest person in the country, at $24 billion dollars.
Her "productivity" was limited to picking the right man to marry.
His "productivity" was picking the right father to be born to.And even for the wealthy who are self-made, this is not the era of the butcher, the baker and the candlestick maker. To claim that these individuals are "productive" to the tune of tens of billions of dollars is insulting to people who break their backs for ten dollars an hour. Wealth has very little to do with being "productive".
And yes, the rich DO constantly find loopholes to get out of paying taxes- that is why it's important to close those loopholes AND raise their tax rates so what little they do pay is more fair.
- 2 years ago
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UtopianSky
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mindcruzer
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UtopianSky: This comment was removed by its owner.
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mindcruzer
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UtopianSky
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mindcruzer:
If your hope was that I become a brainwashed Libertarian instead of someone who knows how to think for myself, than I'm glad your hopes will not be fulfilled.
I hope that you can learn to think about your beliefs objectively and realize when it's time to grow out of them.
- 2 years ago
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UtopianSky
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navider
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If this happens , it's a blow to progressives and the middle class.
How can any reasonable person think this can help reduce the deficet, when it has shown to increase every year?
The progressives need to signal an end to the wealthy and elite that truly control this country.......cause the middle class cons (a contradiction to the middle class) are too fucking stupid to figure out whats happening!!!
How the hell are they going to make up for the 5 trillion dollar per 5 year deficit this will create?
Don't you cons understand that your handlers want the country to be buried in debt so they can take away your social security and Medicare?
All i know is that at some point the pendulum will swing back and it will hurt.
- 2 years ago
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navider
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Nephwrack
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navider:
an end to these cuts would end the deficit in something like 2 years!
- 2 years ago
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Nephwrack
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navider
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Nephwrack:
I know!!!!
- 2 years ago
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navider
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pandaman2105
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methinks that the economy is still shitty, but the wealthy will be spending big for their spoiled children this holiday season, now that they're a little easier off with their fucking taxes!
disappointment and frustration fills the air space of those who wanted change... FUUCCKK man!!!
:(
- 2 years ago
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pandaman2105
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insaintity
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1. Let's take away the "personhood" of multinational corporations.
2. Let's raise the price of cigarettes to $200 a pack (using the new found revenue to fund smaller, community-based economies), raise gasoline to $100 a gallon and see what the people can do with all that extra money and energy.
Q: Why elect other people to do the things we ought to do for ourselves and our communities?
A: So we can stuff our ears with ipods, our eyes with organized sporting events, and continue sending off our youngest & most able to die in ironic wars, for the benefit of the wealthiest class.
- 2 years ago
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insaintity
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emarston
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I'm glad I worked so hard on the campaign to get you in office to do the exact opposite of this. fuck it i quit.
- 2 years ago
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emarston
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1947lucymaldonado
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emarston:
Don't quit, that's what the otherside wants us to do. This is when we have to fight the hardest, you see our side believes in people and country first pockets 2nd.
- 2 years ago
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1947lucymaldonado
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jeffissleeping
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Oh thank god. Now I don't have to explain to my dog why he can't have that Gucci collar and matching leash he's always wanted. Merry Christmas to all!
- 2 years ago
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jeffissleeping
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Nephwrack
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this shit is gonna get ugly. and soon. once the military (which is mostly made up of the poor) and the rest of the poor realize that we're all fucked, i'd hate to be a politician, or one of the rich.
- 2 years ago
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Nephwrack
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Varex_Sythe
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Nephwrack:
Viva la revolution?
- 2 years ago
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Varex_Sythe
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Varex_Sythe
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Nephwrack:
Merci! I finally have an excuse to purchase that guillotine on E-bay!
- 2 years ago
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Varex_Sythe
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Ryan_Todd
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Nephwrack:
Okay, keyboard warrior. laugh out fucking loud
- 2 years ago
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Ryan_Todd
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dwb2585
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Meet the new boss, same as the old boss!!!!!
- 2 years ago
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dwb2585
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notrepublican
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dwb2585:
Yeah, Obama and GW are so alike...
You aren't really paying attention are you? - 2 years ago
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notrepublican
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dwb2585
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notrepublican:
huh, apparently I pay more attention than YOU but the bar is not set too high.
- 2 years ago
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dwb2585
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Gravity_Man [removed]
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Gravity_Man [removed]
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oppressed1
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Gravity_Man:
because joe biteme is a useless VP.
- 2 years ago
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oppressed1
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Gravity_Man [removed]
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Gravity_Man: This comment was removed by its owner.
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Gravity_Man [removed]
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Incredulous
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Gravity_Man:
"cutting back Soc. Sec. benefits and raising the retirement age could be a good way to gain backwards momentum (and $$$) to help the lower economic strata (young families), so that wouldn't be entirely devoid of rhyme and reason."
NO! I am damn sick and tired of the poor and middle class paying for everything that needs to change in this nation. Fuck the god-damned wealthy bastards who don't want to give in on tax cuts they never should have been given in the first place.
- 2 years ago
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Incredulous
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Ryan_Todd
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current, if you dont fix this spam shit Im never coming here again
- 2 years ago
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Ryan_Todd
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TaGgInUrBlOcKuP [removed]
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Ryan_Todd:
Don't let the terrorists win! lol
- 2 years ago
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TaGgInUrBlOcKuP [removed]
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Nephwrack
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Ryan_Todd:
you promise?
- 2 years ago
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Nephwrack
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Nephwrack
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ok how about we dont do the tax cuts and get 700 billion dollars a year instead? hows that sound?
- 2 years ago
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Nephwrack
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juicie
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Nephwrack:
fanfuckingtastic...why don't we legalize it while we are at it?
- 2 years ago
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juicie
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artemis6
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Nephwrack:
How about cutting the 50 billion a YEAR subsidy for big oil ? Bring the troops home to save the rest of the budget !!!!
- 2 years ago
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artemis6
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xdfgfdgf [removed]
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xdfgfdgf [removed]
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bailey78
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xdfgfdgf:
Oh boy free shopping
- 2 years ago
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bailey78
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kdoked [removed]
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kdoked [removed]
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bailey78
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kdoked:
does it come in pink?
- 2 years ago
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bailey78
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qdqqd [removed]
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qdqqd [removed]
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bailey78
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qdqqd:
I bet you like cream of sumyunguy don't you?
- 2 years ago
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bailey78
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sffsmessiah
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if i had a majority for one day, i would pass everything I wanted and let the next congress deal with the repurcussions.
- 2 years ago
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sffsmessiah
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JanforGore
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What treachery. You are no leader Obama. My son thanks you for leaving this on his generation's shoulders.
"[The natural right to be free of the debts of a previous generation is] a salutary curb on the spirit of war and indebtment, which, since the modern theory of the perpetuation of debt, has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating." --Thomas Jefferson to John Wayles Eppes, 1813. ME 13:272
- 2 years ago
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JanforGore
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Nephwrack
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JanforGore:
i think this is the final straw. 700 billion a year that we could be making, but naa, let's just keep doing the same thing and expect a different result. fuck you obama.
- 2 years ago
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Nephwrack
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bailey78
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JanforGore:
Well make sure your son has at least two jobs and one under the table so He can put food on his own table.
- 2 years ago
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bailey78
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oppressed1
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Nephwrack:
How about cut spending by 700 billion instead of taking from other people.
- 2 years ago
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oppressed1
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Nephwrack
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oppressed1:
oh you musst be in the top 1 %... are you fucking kidding me? pay your fucking share like the rest of us do!
- 2 years ago
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Nephwrack
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JanforGore
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bailey78:
Unfortunate, but true. But we shouldn't have to kill ourselves and miss out on LIFE just to make enough to have a crust of bread to eat. And in this case much of what he would make would go back to pay for this anyway. I can absolutely understand why young people would not want to vote. They feel hopeless and this is a good reason why. They came out in DROVES for Obama when he was courting them for their vote and look what they got.
- 2 years ago
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JanforGore
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bailey78
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JanforGore:
Yep a great big hand full of same Ol same Ol
- 2 years ago
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bailey78
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oppressed1
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Nephwrack:
You dont pay taxes when you make under about 40k a year. So how is that fair.?
- 2 years ago
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oppressed1
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Ihatethemall
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oppressed1:
If they didnt take from other people. most of them would drown. Half these fools dont even pay taxes
- 2 years ago
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Ihatethemall
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ytftfyy [removed]
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ytftfyy [removed]
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02
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There's only one party in Washington.
- 2 years ago
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02
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Ryan_Todd
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02:
agreed
- 2 years ago
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Ryan_Todd
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Nephwrack
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02:
doesnt mean i'm gonna vote libertarian or tea party though. that's just a smokescreen too.
- 2 years ago
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Nephwrack
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Chopstick
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Dear Mr President:
You think that bowing to the Republican controlled House of Representatives and riding the fence on key platforms, which won your election (i.e. DADT, a public option health care reform), might win you a second term, but Mr. Obama, you are turning your back on majority of America. Stand up and GROW SOME FUCKING BALLS. Do more in one term while pissing off the system that you vowed to change from within and maybe the people will stand behind you a second time since you delivered a check that your ass just seem it can't cash. Be a man.
One of your pissed off voters,
me - 2 years ago
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Chopstick
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Ihatethemall
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Chopstick:
Turning his back on the majority of Americans???? who the fuck do you think voted in this last election??? The Americans, and we spoke up loud and clear and just said NO to obama and his ways.
- 2 years ago
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Ihatethemall