Obama to Propose $1.5 Trillion in New Tax Revenue
WASHINGTON (AP) — President Barack Obama’s proposal to reduce long-term deficits with $1.5 trillion in new taxes is less an opening bid in a negotiation than it is an opening salvo in a struggle to draw sharp contrasts with congressional Republicans.
Obama’s proposal is aimed predominantly at the wealthy and comes just days after House Speaker John Boehner ruled out tax increases to lower deficits. It also comes amid a clamor in his own Democratic Party for Obama to take a tougher stance against Republicans. And while the plan stands little chance of passing Congress, its populist pitch is one that the White House believes the public can support.
The core of the president’s plan totals just more than $2 trillion in deficit reduction over 10 years. It combines the new taxes with $580 billion in cuts to mandatory benefit programs, including $248 billion from Medicare.
Read the rest of the story:
http://news.yahoo.com/obama-propose-1-5-trillion-tax-revenue-024632167.html
Good Morning to all my Favorite American Patriots and Friends
Here comes what we all knew would be coming…..MORE TAXES!!!!!
Be sure and Visit Voting American for the Fair Tax on the Rich:
http://votingamerican.wordpress.com/2011/09/19/obama%E2%80%99s-fair-share-tax-on-the-rich-or-what-about-the-50-of-americans-who-pay-no-taxes-at-all-how-fair-is-that/
devildog6771
September 19, 2011 at 8:12 am
Besides the Buffett Plan, which we all know is part of his re-distributive program, his new bill is full of clouded over re-distributive wealth phrases. Read the 155 page pre-bill crud he released. The Republican bill, which stole the Prez’s name, is only two pages and it is a straight forward, across -the board tax cut for all.
Obama’s bill is so complicated it would require days or weeks to check for hidden junk. The Republican bill is concise, simple, no hidden anything.
As for the march in New York, it was planned months ago. The intention was to completely shut down the Stock market. I believe they also were going to do the same thing to the banks. They also planned to camp out for weeks or months.
Did you know that Obama told a press conference on July 19, 2011 that he was rewriting the Constitution. He said he was leaving much of the old in the new one; but, he also said he had been working on it with a team of people for months. He said that the current one did not allow for redistribution of wealth, (or communism). The founders knew about communism and socialism. It wasn’t formally written down and openly discussed like it was after Marx and Engles were paid to write the “Communist Manifesto;” but, they purposely worded the Constitution the way they did to prevent the communists and socialists from ever gaining control of our Republic. If I am not mistaken, that is one of the reasons we are a Republic.
Personally, I think Obama is a drone. I think Hillary and others are part of the “big” picture. However, I think Obama has turned out to be harder to control by these people than they expected. This is just conjecture on my paret; but, I think there is a split developing??.
Good Morning America
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Be sure to check out today’s post at Voting American:
http://votingamerican.wordpress.com/2011/09/20/so-now-we-know-the-true-meaning-of-the-obama-hope-change-agenda/
Three Weeks After Solyndra Scandal Began MSNBC Prime Time Programs Still Haven’t Reported It
Read more: http://newsbusters.org/blogs/noel-sheppard/2011/09/21/three-weeks-after-solyndra-scandal-began-msnbc-prime-time-programs-st#ixzz1YcNI1HE7
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Thank you for the link back Chris from Tennessee. You have a fine blog starting up there and I shall visit it often.
ObamaCare Taxes, and the end of the Bush Tax Cuts will put a heavy burden on all working americans, while those receiving welfare, food stamps have no responsibilities at all. We’re going to see more drama over another continuing resolutions (CR’s) leading up to the November 6th, election day. The Democrates have threatened the end of the Bush tax cuts over the $250,000 ceiling; which will hurt small businesses. The Democrates call CR’s budgetary; which they are not, because under CR’s President Obama and the Congressional leadership have added 5 trillion dollars to the national debt in just three years. The 2010 election was a huge win for the Tea Party, but the GOP establishment destroyed that movemnts power within the GOP during the republican presidential primay debates. The 2012 election is all about control, will it be the end of the republic with Obama, or a slower path of destruction with Romney.
Well said Joseph and good to see you my Twitter Friend. Choosing between the lessor of two evils is never fun but I’ll take Romney over Obama any day.
Romney’s VP pick down to two Portman, or Pawlenty.
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