Obama Seeks to End Tax Breaks to Pay for Jobs Plan President Barack Obama would pay for his $447 billion jobs plan by ending a series of tax breaks for oil and gas companies, hedge-fund managers and people making more than $200,000, the White House said Monday. In total, Mr. Obama's plan would end about $467 billion of tax breaks over 10 years, said White House Office of Management and Budget Director Jack Lew. The president has previously proposed ending the tax breaks, but has faced stiff resistance from Republicans. By choosing to end the tax breaks, the White House is likely setting itself up for a fight with Republicans. Over the summer, Republicans said they wouldn't end tax breaks amid concerns doing so as the U.S. is coming out of a recession would hamper the recovery. "It would be fair to say this tax increase on job creators is the kind of proposal both parties have opposed in the past," said Brendan Buck, a spokesman for House Speaker John Boehner (R., Ohio). He continued, "We remain eager to work together on ways to support job growth, but this proposal doesn't appear to have been offered in that bipartisan spirit." The White House disputed the notion that raising taxes on the wealthy would hurt growth. The measures to pay for spending "are spread out so that there aren't negative impacts," said White House press secretary Jay Carney. The White House is also taking a gamble that Republicans are willing to budge on taxes after getting bruised, politically, over a tough budget fight in the summer.Forget about creating jobs, the man is a straw man. A Trojan Horse. There is nothing tangible about him or his thinly veiled Fabian socialist programs. Nothing has changed. All he is interested in is spending more money that we don't have and taxing the "evil rich" until they no longer exist. And the news today? The president's own deficit reduction committee is already rolling their eyes and shaking their heads. They haven't even begun to attempt to make cuts yet, and the man just dumped another 450 billion in their laps with the caveat to "just raise taxes!" If it walks like a duck, looks like a duck and quacks? It must be an Obama policy to attempt to conceal another attempt to raise taxes and further ruin the economy and the future of this country.
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Monday, September 12, 2011
Taxes, taxes and more taxes.....
Another SSDD moment from this president. He finally blesses us with his great and wondrous jobs plan last Thursday and what do we get? SSDD. Taxes, that is the only thing that liberals know. They do not know how to cut back on anything. Be it regulations, taxes, or spending.
And they definitely don't know how to create jobs, only kill jobs.
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