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Subscribe to RSSIn advance of today's White House meeting on the debt talks, House Speaker John Boehner told reporters that comprehensive tax reform was “under discussion” in the negotiations between Republicans and the Obama White House.
He said that tax reform on both the “corporate side and personal side” would make America “more competitive," calling it a job creator.
That Boehner admitted comprehensive tax reform is "under discussion" is a significant development -- coming on the heels of reports that the White House and Boehner have discussed a debt-limit deal that would significantly alter the current tax code in an effort to perhaps lower corporate and personal rates in exchange for eliminating certain deductions and broadening the tax base.
The BIG questions: Can this type of complex, large-scale agreement be reached by Aug. 2? And can it can be sold to the House GOP conference? The answers are still unclear, as Boehner and his Republican colleagues refused to answer the question of timing. Boehner also reiterated that as of now there is “still no agreement” on any compromise that would extend the nation’s credit limit.
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Boehner's finally woken up! lol
There is no place for Johnnie to hide anymore...
The Teapublican's on the other hand, are still comatose!
Like I said yesterday, President Obama is playing 3-D chess and these clowns are still stuck on tic-tac-toe!
Feisty:
I will believe it when I see it. I trust him as far as a can throw my SUV. To the GOP/TP "Tax Reform" may have a different meaning than we think.
So far the only Tax Reform I have seen come out from the other side of the asile has been bigger tax cuts than the last proposal.
I would like to think that the GOP/TP has finally realized that in order to put us on the path to economic recovery we need BOTH "Spending Cuts" and "Increased Revenue".
I guess we will know shortly, but again I will believe it when I see it. Until then just more idle Rhetoric from the right.
HEHEH. President Obama is dancing to some high techno dance music while the GOP is learning do-si-do; he has them tripping all over themselves.
lol, Obummer has capitualated feisty! He is now willing to listen... will the other democrats do so as well?
HAHA LouisJ - I'm thinking more like the Hokey Pokey!
Difficult to dance when they have two 'right' feet!
Yessirbuddy!! Can't put their right foot in because they don't know which foot is Right...
I think the Republicans know that the President is going to win on this issue and they had better toe the line.
Obama has a habit of waiting to the last minute on any crisis! Remember the BP oil spill..... he ignored that for weeks before limping into the fray. He ignored also ignored Louisiana's repeated pleas for assistance.
Joplin, Missouri was devastated by a tornado... where was the President... left the next day for a few days in Ireland.
At least he showed up for the debt crisis, what is it.... less than a month to August 2nd now?
Clearly the Republicans are directing these talks, this is a good thing!
Feisty,
Yea, we need to revise the 16,845 pages of the tax code - maybe Obama and Boehner can get together again on the golf course and do that over the weekend. Might not even take 2 rounds.
Your game analogy Feisty?
Don't know anything about chess either, huh.
Yea, Obama may be the "smartest man in the room" but when an idelogical idiot moves all of pieces to the far left side of the board - its always a disaster.
Even tic-tac-toe players can see that.
"idelogical idiot moves all of pieces to the far left"
Geez, Bob, you do understand that you lose any credibility when you allude to the president being a leftist, don't you?
Rick, for political purposes (2012 Presidential Election) Obama has temporariy become a centrist, maybe even a moderate Republican! Signs of a desperate man clinging to the chance of a repeat!
All we will get from him for the next year is more smoke and mirrors..... if he should somehow repeat with these tactics, he will then quickly scoot back to the far left!
It's all a game and we are pawns. I do hope the Republicans can fix this current mess created by the spend and tax folks! And I do believe the majority of Americans can now see through the 'smoke and mirrors"!
hey bill where the hell have you been you people just say anything just to be on here don`t ya did you dream that one up or was it on fox or beck or the drugie i missed that one man i must be slipping
Agree Agree Agree
alboyano -
What in the world are you trying to say? And yes, based on the lack of punctuation marks, you are indeed slipping.
Oh no! Don't look now the good ship Tea Bag has sprung a leak! Their lock step must be broken!
"will then quickly scoot back to the far left!"
from your lips to God's ears! i could only hope!
The man is governing from the center. To say he has his board stacked to the left is not true and a blatant ploy to the rights emotions
Bill,
All fake outrage on your part. You know that's not true and nothing more than Republican lies about the President.
The republican hokey pokey: You put your far right foot in you take your far right foot out, you put your far right foot in and you shake it all about you do the..........
With every step of the process, the pols are getting closer and closer to what the Presidents Debt Commission recommended, and what is in Paul Ryan's budget.
Throw in Medicare/Medicaid reform, and they'll be right with the Debt Commission.
Debt Commission? You mean the one that Alan Simpson the RINO (LOL) was part of? The way you Tea Bags talk out of both sides of your mouth. You guys need to make up your minds is Sen. Simpson conservative enough for you or not? Last I checked the guy carried a lot of water for your hero Ron Dog.
I cant believe the prez would put massive cuts to medicare and social security on the table in order to please the tea party.. why didnt the prez discuss this move with the democrats .. is Obama really a republican .. now i would like to see his voter registration card
I like how President Obama says, "made you blink!"
President Obama has single-handedly made the Republican Leadership hum a new tune.
That guy is good and I'm certain the founding fathers would agree.
Cantor just walked out of the meetings. Says he wants the real players, policy makers, and decision makers from the Democratic side there to negotiate the agreement - The union reps and Soro's.
This is anything but Obama's tune. The very fact that the discussion and debate is about how much to cut indicates that the tea party has won the battle.
If we were still even considering whether or not to cut at all, then Louis could talk about blinking and new tunes.
Certainly you are not asserting that Obama and the democrats are the ones in favor of cuts. You should really look closely at what tune is being played.
The GOP finally is starting to pin obama to the mat. His lies about corporate jets taking money way from student loans are just laughable. obama has been clowning around with campaigning, find raisers, and Twitter sessions, but now he's got to finally say who he wants to tax, and what he wants to cut. This is painful for obama, because until today, none of his stories add up, and none of his budgets make any sense. Now obama has to be truthful that he in fact can't tax the rich enough, and he will have to tax the middle class. For defense cuts, obama now has to say where these cuts will be made, and what union jobs will be destroyed.
It's going to be a painful day for obama. A very painful day.
"Cantor just walked out of the meetings. Says he wants the real players, policy makers, and decision makers from the Democratic side there to negotiate the agreement - The union reps and Soro's."
So long as the Republican's have their true masters show up - Koch Bro's and what ever foreign govt is funding their PACS (I would like to name them, but, you know that information doesn't need to be known)
joannasmith ... if the heritage foundation and the koch brothers step up so will soros and the broke union guy ...
No one believes a word this ineffective would be speaker of the house utters ! This guy is a joke and responsible for the continued failure of the economy ! Where are all the jobs this loser promised the people ? .. " Elect us and will will change America" You have changed it ... you continue to ruin America ! The republican party is the very reason people came to America ..to get away from them across the pond !
yepper - and the left has demonstrated to us all on how effective they have been in job creation and getting us back on a road to recovery.
What many have refused to acknowledge is that we have regularly occurring recessionary events that no one has been able to resolve, but all seem willing to blame the opposition for.
Nope. Tax policy like this would take at least 6-12 months to correctly implement. Slapping it together at the last minute will have much the same results that the quickly slapped together 2009 Reinvestment and Recovery Act had, ie., failure.
Not necessarily so.
The idea of implementing an individual income tax system in which there are no deductions, no tax credits and no special tax breaks (loopholes) and every individual pays income tax on his/her total income based on a 2, 3, or 4 income tax rate schedule could be done very quickly. The biggest hurdle to overcome would be setting limited number of rates in the individual income tax rate schedule.
Likewise a corporate income tax system in which every corporation pays income tax on the income it earns less the business expenses to earn it, i.e., its net income with a similar few rate income tax rate schedule could also be done very quickly. Setting the limited number of rates in the corporate income tax rate schedule would present the same hurdle to overcome as with the individual income tax rate schedule.
No one believes a word this ineffective would be speaker of the house utters ! This guy is a joke and responsible for the continued failure of the economy ! Where are all the jobs this loser promised the people ? .. " Elect us and will will change America" You have changed it ... you continue to ruin America ! The republican party is the very reason people came to America ..to get away from them across the pond !
Hey Boehner, Where are the jobs!
PS. Agent Orange cuts alone won't git'r done!we need to raise revenues.
Just think if the Republicans had not won the House in 2010. The Debt Ceiling would already be $16+ Trillion and obama would be well on his way spending money to reach it. A nice little gift for our kids to pay for when they become taxpayers.
Even now, our Debt, it is "For the children".
Is that your way of saying you realize the president is right and is having his way? Sounds like it to me.
If you think leaving the massive debt to our children from our failures to handle the governments business is the president "being right and having his way", you're are truly in one strange dimension of the universe.
Recall the Iraqi's pulling down statues of Saddam after the war? Our children will be doing the same to any statue built of obama, once they figure out who saddled them with all this debt.
Sounds like he point is the opposite of the others here. The President wants to spend and increase debt. He is no restrained by political and economic realities.
Did you happen to see about the Somali pirate Obama has detained on a Navy ship for months? That is exactly what he said he would never do.
Reality has a way of dictating events. Anything but having his way.
JoAnnaSmith1
and what will "our children" do to W. Bush statues........
How about Al Gore's win against w . bush wasn't stolen maybe we wouldn't have had a recession.....you know.
keep leaving in "you're are truly in one strange dimension of the universe" the goons world.
Without a GOP House, the debt ceiling would have been raised to $16 trillion, the Democrats would have passed yet another $1 trillion "stimulus" bill, Medicare/Medicaid would have continued their plunge into default, another $500 billion would have been pumped out to the states to keep their state union workers happy for another year (and remember who bailed you out again when you vote next year union members), and unemployment benefits would have been made an entitlement.
Doubt there are any planned. But as for obama, his next trip will be to Mt. Rushmore, he's looking to see where he fits in.
Hold on to that anger PEN. Most have let it go, but folks like you need to continue it for "The Cause".
Why wasnt your mouth running when it was Bush running up the national debt to pay for his 2 wars ??? Nice debt he left the children as you put it.........Obama gets elected, and yes spends money left and right to fix that mess and only then did you lips start moving.....your as 2 faced with your comments as the teagaggers are so your words dont mean squat to anyone with any sense.............
anthony - perhaps it was because bush had bipartisan support for the wars as well as support from other sovereign nations.
Regardless, your argument is lame in that political activism lies not from the moment one is born but rather from the point in time that one recognizes that a situation has arisen from which silence is no longer a viable option.
That 47% that don't pay Federal Tax they're coming for you.
Hey Nash, did I not say this was where a deal would be made?
no matter what, it will be a big mistake to touch SS, MEDICARE, and MEDICADE. A BIG MISTAKE!
screw the debt cieling, just call the vote, and lets see where the cards lie?
simple solution: raise taxes on the wealthy, cut the defense budget by 50%, stop all oil subsidies, close tax loopholes, and tax capital gains as income. this should create a surplus!
Real Americans representing middle America and the masses will not let US down and place everything on the table. Let's see if these GOP/TEA party-ers are on the side of middle America.
President Obama took out Bin Laden, maybe he should take out the opposition! America must and should be responsible for all it debts! Not raising the debt limit will cause a great world-wide depression and any Senator or Representative in Washington who votes against raising the debt limit should be tried for treason! Cornyn, Bachmann, Perry, Boehner, McConnell, Ryan and Cantor should be the first!
Wow Rudy, is this a liberal calling for a "2nd Amendment Solution"? Didn't you get the memo on cooling the rhetoric? Remember Gabby Giffords.
Do not construe my words into your thoughts! President Obama can take out his competition and no bullets or knives or weapons of any kind! As a Texan, I am well aware of the 2nd Amendment and what it stand for. In sixty-eight years I have never shot anyone nor do I condone it in any way including execution by the state for any reason! I don't get memo's, I send them out!
boehner hasn't woken up, he's just playing more games; how to blame the dems. call the vote and lets get on with governing!
Wow! Could it be that John Boehner has finally decided to act like the adult in the room and make the petulant TeaPee-ers take a timeout?
Fact checking Obama:
At Wednesday’s Twitter Town Hall, President Obama claimed: “We actually now have the lowest tax rates since the 1950s. Our tax rates are lower now than they were under Ronald Reagan. They’re lower than they were under George Bush — senior or George Bush, junior.” This statement is false.
According to The Tax Foundation’s Federal Individual Income Tax Rates History table, the top marginal tax rate is currently 35 percent. In 1992, under President George H.W. Bush the top marginal rate was 4 points lower than today’s rate at 31 percent. In 1988, under President Ronald Reagan the top marginal rate was 7 points lower than today’s rate at 28 percent.
sonmanvb, what he said is that the tax rates for the wealthy and the super rich is the lowest it has been since the 1950's! I guess you learned how to spin your quotes from the Fox/Hannity/Limbaugh group. it's people like you who voted for the idiots that are destroying this country because you can't distinguish fact from fiction and you can't tell a complete story with out putting your detrimental twist to the true facts.
if you are going to fact check someone then atleast give all the true facts and not your pathetic version!
Joanna >>Fyi know it all it appears you actually know nothing except just how to run your mouth.....the debt ceiling isnt about spending money in the future its about paying off the debt to money already spent so your off the wall arguement makes about as much sense as you do ........hate in when people like you get on here and talk crap about something they dont have a clue about and in your case it shows in a large way. Why dont you shoot your mouth off some more and show us all what you know cause its about anything but impressive
Why not just STOP the spending. The feds spend 1.2t more than they take in. If they took out ALL of the loop holes in the tax code and made EVERYONE pay taxes and not get any refund, then we would not have 47% of us not paying taxes. And those that don't pay taxes are the ones yelling to raise taxes on the "rich" not really knowing that those "rich" people are not going to pay it, instead they will make every thing else you buy more expensive by adding that new tax to what ever they sell and maybe a lot of jobs will be lost so small business can cope with the new taxes. Make sense to me to raise them, $5.00 a gallon of gas just is not enough for us to pay, we should be paying around $8.00 to $10.00 like they do in europe.
sonmanvb - the United States CANNOT 'just stop the spending'. It CANNOT.
Let's look at Minnesota as a prime example. The Republicans and the Governor cannot reach an agreement, so the services paid for by the State are halted EXCEPT FOR ESSENTIAL SERVICES like police fire and medical care.
So did Minnesota 'stop spending' because there is no budget?
The short answer is NO.
If you use Minnesota as an example of what the Republicans want on a Federal scale, you will see that there will ALWAYS be spending. If the Government was shut down, the spending would stop for all 'non-essential services'. There will STILL be spending for Defense, fire, police, and medical services.
I hope that helps. I hear that from a lot of people that we need to 'stop spending', but this is because the persons saying these things do not understand that we CANNOT stop spending.
Do you stop spending? Answer truthfully. Grocery's, gas, clothes, daycare, car payments, car insurance, house payment, electricity payment, phone payment, doctor's payments, dentist payments, internet service......water bill, etc
We can never stop the spending.
Interesting...The original passed ryan FY 2012 budget plan had provisions to close up some loop holes but the left focused on tax cuts that would have made the plan "revenue neutral" as obama implied support for from his 2011 state of the union address.
Ryan's plan would also require raising the debt ceiling, as it adds another 6T to the deficit.
Boehner knows if they don't raise the debt ceiling him and his rich cronnies will suffer the most.
Bush didn't ask for Sept. 11, and it did cost a few bucks. But it had to be done. I still remember some arms dealer overseas claiming the air filters on our tanks wouldn't work in the desert. Who did he think invented the Filtron, K&N filters? Them people in the Middle East thought we were weak. What do they think now? The point I'm trying to make: 1] You cannot compare this admins. spending with Bush 2's 2] I'd perfer to spend my money on hunting down and killing folks who openly claim to want to kill people in the US. {Bush}. To giving Billions to banks and who knows who else[Does anybody really know where it went?] Obama.
Trust me folks, the debt ceiling will be raised. These politicians are beholden to Wall Street and once enough hedge fund managers whine about how much money they could stand to loose personally, a deal will be struck. I watched a show yesterday that all most made me sick to my stomach. A republican congressman was trying to defend a hedge fund manager that made $4.9B last year, that equated to the salaries of 184,000 people. He claimed that he actually believed that this hedge fund manager was contributing to job growth. Wall Street doesn't create jobs and never will (Econ 101), its just a big corporate casino and the Wall streeters are the dealers and we all gamble on the success or failure of companies at any give time - short term gratification. I almost gagged on my dinner! This is the mindset in Washington and it will never change unless you take money out of politics. Term limits for every politician and ban lobbying jobs for any retired politician.