Obama agenda: The tax-reform plan cometh

“President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday,” the New York Times says. 

A round up of general-election polling:

Obama is virtually tied with Romney nationally, up 46%-44% in a national Quinnipiac poll. He leads Santorum by three, 47%-44%.

An AP-GFK poll has Obama leading Romney 51%-43%, up from 47%-46% in December. Obama leads Santorum 52%-43%; Gingrich 52%-42%; and Paul 52%-44%. Romney’s fav/unfav is 50%-43%, Paul 47%-40%, Santorum 44%-42%, Gingrich 33%-58%.

A Marquette Law School poll shows Obama leading in Wisconsin by 15 points over Romney, 53%-38%, and a slightly narrower 11-point margin over Santorum, 51%-40%.

Bloomberg headline: “Obama Campaign Set for Political Fallout From Gasoline Prices.” From the story: “The price rise, driven in part by increased tensions over Iran’s nuclear program and higher demand as the U.S. recovery strengthens, is the one negative in recent economic data that have enhanced Obama’s political position. The cost of gasoline confronts voters daily.”

“Obama will visit the University of Miami on Thursday to discuss steps the administration has taken to increase domestic oil and gas production, senior administration officials said Tuesday,” The Hill writes, adding, “The Miami event highlights the danger Obama faces from higher gas prices, which tend to climb into the spring and summer but are already well above where they were at this time in 2011, a year that saw prices reach their highest levels since records were set in the summer of 2008. Higher gas prices could threaten the president’s newfound political momentum.”

“When President Barack Obama stepped off Air Force One in Orlando on Jan 29, Sen. Bill Nelson was conspicuously absent. This time around, however, the two-term incumbent will be on hand for Obama’s appearance in Coral Gables tomorrow, his staff told FLDemocracy.”

“President Obama did not raise as much money from supporters last month as he did during January 2008 in his first campaign for the White House, a Globe analysis of campaign finance reports shows, suggesting a lower level of enthusiasm for the president in traditional Democratic quarters,” the Boston Globe notes.

Obama sang again. Here’s video from the TODAY show.

“President Obama will speak at the annual American Israel Public Affairs Committee (AIPAC) conference next month, White House press secretary Jay Carney said Tuesday,” The Hill writes. “Obama will meet the following day with Israeli Prime Minister Benjamin Netanyahu, who is also giving a speech at the policy conference.”

Well, there you go… “Arizona Sheriff Joe Arpaio will reveal the findings of his office's investigation into the authenticity of President Obama's birth certificate on March 1, he announced Tuesday,” The Hill writes.

Discuss this post

Way to lead from behind mr obama. To bad you you didn't try this in 2009.

  • 3 votes
Reply#1 - Wed Feb 22, 2012 9:06 AM EST

What is up with someone who won't wisely take the initiative on economic policy? It is almaost like he wants others to publicly come up with proposals, feel what way the wind is blowing and then come up with his own politically re-election oriented plan that must be immediately acted on or he will run crying to the populace.

Last year it was the wealthy and corporations weren't doing their fair share, now let's give corporations a tax cut.

BTW - for all the FR lefties who wish to proclaim about the advantages of broadeneing the tax base here, why didn't you recognize that concept earlier? Seems that you all blindly follow whatever obama promotes as being good, even as he flip flops as he tries to garner re-election votes. Interesting on how he chooses to do this in a presidential election year.

Yes, FR libs, this conservative remains convinced that mr obama is more oriented towards campaigning than governing and leading.

  • 4 votes
Reply#2 - Wed Feb 22, 2012 9:27 AM EST

You've got the latest Lunz buzz word american, "broaden the base". The problem with that is nobody in the tea people GOP Koch republican circle can explain just what that means. Us Liberals no exactly what it means, it means more taxes on the middle class and poor so you can "broaden the base", it may sound good to you uneducated tea people GOP Koch republicans but the majority of the country know what you're talking about.

  • 2 votes
#2.1 - Wed Feb 22, 2012 9:47 AM EST

american 205 -

I take you are happy with Obama's compromise but still feel it is not enough. You are right this is not going anywhere in an election season. While you think it is not enough I think it is too much. IMO it is a change for the worse, policy wise, for the President. See my post about this in First thoughts.

  • 2 votes
#2.2 - Wed Feb 22, 2012 9:59 AM EST
Reply

Here is an article that outlines how several major American corporations managed to pay no taxes on profits of $171 billion:

In fact, not only did these corporations pay no taxes, they actually received tax credits from Washington resulting in an overall taxation rate of negative 1.5 percent.

  • 3 votes
Reply#3 - Wed Feb 22, 2012 9:32 AM EST

If you are going to profess to give us an article to support your claim, then please give it. The company I work for made 23 Billion Euro EBITA (earnings before interest, taxes and amortization). I can assure you we will pay taxes to all the governments who require such things in all the countries we earned the cash. Not everything is a conspiracy. We get to deduct things and we get to defer things to future years to offset windfall years and to smooth depressions.

You are not one of those folks who tries to predict the next point on the curve by looking only at the preceding data point are you? If you are you may want to take a statistics class to find out how dangerous that behavior is.

Peace.

  • 1 vote
#3.1 - Wed Feb 22, 2012 3:43 PM EST
Reply

I have a question directed to GOP posters. No hidden agenda here, just curious. If there were to be a brokered convention, by some small chance, who would you prefer to see as the GOP candidate? Would really enjoy knowing this (just an intellectual thing for me).

  • 2 votes
Reply#4 - Wed Feb 22, 2012 10:20 AM EST

There may be no perfect candidate ....

But I will say that our election process does allot of good for us all by bringing so many troubling issues to the forefront ....

Like this tax proposal for one ....

And one more thing phine , good morning : )

  • 1 vote
#4.1 - Wed Feb 22, 2012 10:42 AM EST

Good morning Ben! BTW, my icon is sunrise in the Bahamas. Knew you had asked about it earlier.

The gentlemen who work for my husband are for the most part, very conservative - almost Tea Party, GOP members. They always vote. And, they are very disappointed in this year's choices. To a man, they wish for Jeb. Just wondered what other conservative posters were thinking. Just an intellectual game with me.

  • 2 votes
#4.2 - Wed Feb 22, 2012 10:49 AM EST

Went browsing ....

Sorry for the late reply ....

Since you like the intellectual game as many of us really do ....

That is the reason I wished William Sebastian Cohen would have run against Obama ....

  • 1 vote
#4.3 - Wed Feb 22, 2012 11:12 AM EST

phine - I'm not a conservative, but could I play too?

If I were a conservative I would nominate Jeb Bush.

Although I opposed many of his policies while he was governor of Florida, I have to say he is articulate and has greater presence than any of the current candidates. I think he could give Obama a run for his money on the issues of substance. And he would appeal to a broad spectrum of the population.

But having now read about William Sebastian Cohen - I might switch over for him.

  • 2 votes
#4.4 - Wed Feb 22, 2012 1:14 PM EST

Mitch Daniels would be outstanding.

  • 1 vote
#4.5 - Wed Feb 22, 2012 3:45 PM EST
Reply

Thank you President Obama! The GOP will have to take a position, and like always they will say NO! This is another great chess move!

On another front! The GOP Sheriff is still on the birth certificate kick! Is this the best they got?

  • 2 votes
Reply#5 - Wed Feb 22, 2012 10:38 AM EST

so obama finally comes up with a plan 3 years after his election and after everyone of the republican candidates has presented a plan and you have the audacity to suggest that the gop has to take a position??

Each has taken one and now finally so has the President.

  • 2 votes
#5.1 - Wed Feb 22, 2012 11:34 AM EST
Reply
You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
As a new user, you may notice a few temporary content restrictions. Click here for more info.