Obama in 'wrestling match' with GOP over taxes
CNN Wire Staff
[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/POLITICS/09/13/obama.economy/story.obama.pool.jpg caption="President Obama talked to a small group Monday outside the home of a family in Fairfax, Virginia." width=300 height=169]
Fairfax, Virginia (CNN) - President Barack Obama lashed out at congressional Republicans again on Monday, telling a group of northern Virginia residents that a GOP push to extend the Bush-era tax cuts for voters making over $250,000 is unaffordable.
His administration is "in this wrestling match" with the GOP leadership over whether to extend the 2001 and 2003 tax cutes for the richest Americans, Obama said. Doing so would cost another $700 billion, "and we just can't afford it," he declared - a slap at Republican cries for fiscal responsibility.
The president made his remarks during an appearance at a private home in the Washington suburbs of Fairfax County.
He appeared with, among others, Virginia Rep. Gerry Connolly, a first-term Democrat in the midst of a tough re-election fight.
Democratic congressional leaders agree with Obama that tax relief should be extended only to those making $250,000 or less, but Republicans have argued that taxes shouldn't be raised on anyone - including the wealthy - while the economy is weak.
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Filed under: 360° Radar • Economy • Raw Politics |
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"Wrestling match over taxes" thats a gross simplification and understatement if ever there was one!!
It has been on everthing Taxes, Health care, corporate regulation of banks and credit companies. Plus so called bailouts of banks ( started by Bush remember) or rescuing GM and Chrysler (with government money which could be repaid profitably and likely will be) but for sure saved anywhere between 1-2m jobs, and then the continuing wrestle over Keynsian economics which 90% of economists support i.e Recovery act and again saved or prevented or created anywhere between 1-3m jobs.
On taxes there is still a small business $55bn support bill/tax relief/loan assistance, stalled by filibuster by Republicans, and on the stump a new set of Tax reliefs for big business, by Obama which will no doubt remain and be opposed.
In Republicans ( sad to say) I see no government of for and by the people only corporate or wealthy America and a warring state of mind either militarily or Religiously.
Next Iran, Yemen, Somalia?? No more Muslim immigration or mosques!?!?
Regards,
Hodgson.
I heard one of Anderson' Coopers's republican guest on AC 360, use a scenerio of a baseball team and its players in comparison with taxes on the rich...well in response to what he said one must realize that if the players are being paid crazy amounts of mony that only raises tickets sales for the common family...thus no one could afford to come to any of the games because their salaries have to be paid...same with taxing the middleclass...we can afford to bail out the rich, corporations, banks etc.leaving us nothing, no jobs, no loans, no way of life for the American people.
please show me proof that the Bush era taxes that have been in place for the last ten years while america has lost more jobs than at any time in the last 80 years are suddenly going to make people hire more workers when they haven't done so in all this time
With the tax cuts for those making over $250,000 a year we still had a recession (that started on Bush's watch) and a very weak jobless recovery. Why does anyone think that extending this tax break for the rich would make any difference? It hasn't so far; doubt it will have any palliative effect now. I think that the government needs the taxes they would pay a lot more than the GOPs need another issue to argue.
I think that the time that Obama spends sending me emails about hope and change should be used to actually inspire hope through enacting some change. Any change at all. Even a change of hair style would be something. But instead he keeps emailing me telling me what I can do. That's why I elected him, to do something!
Would it so bad if the income for those making $250,000.00 be raise to $500,000.00 to get the Bill in the House passed? A very wise man (my father)once told me it is better to give a little to gain a lot.
The U.S. is stuck on stupid. How is it that we are debating the United States of America's tolerance for all religions when the people criticizing us will not allow one Christian church or any other religion to be tolerated in their country? Why do you entertain the sanctity of their Holy Book when they burn our flag and our Bible?
What does this attorney know when he's never even ran a State, City, Business?? And we all know attorneys are not good with money. I say do it, get rid of the Bush tax cuts and when it doesn't work then Obama can blame Obama. Isn't Obama now saying that we knew it was going to cost a lot of money$$$$ to insurance 30 million Americans when in 2009 Obama said the opposite of the cost??????