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President Obama with Eric Cantor
Now that President Obama is pushing a larger-than-expected $4 trillion deficit reduction package, guess what: Republicans are suddenly becoming less enthusiastic about debt reduction. While John Boehner supports Obama's goal, support from his GOP leadership colleagues range from lukewarm at best to nonexistent at worst.

The Washington Post reported that Mitch McConnell offered "modest" support, while The New York Times reported Eric Cantor and Jon Kyl opposed the $4 trillion target:

Representative Eric Cantor, the House majority leader, and Senator Jon Kyl of Arizona, the ranking Republican on the Senate Finance Committee, favored the midrange $2 trillion, voicing doubts about how they could sell a $4 trillion deal to their rank and file, officials said, since it would involve tax increases.

So, as always, the thing stopping Republicans from getting serious about fiscal policy is their fear of raising taxes. Nonetheless, John Boehner has been privately telling the White House that he is open to it. According to the Washington Post, Boehner is willing to discuss extending the Bush middle-class tax cuts without extending the tax cuts for the wealthy.

In private talks with the White House, Boehner has discussed various options for tax policy. One idea under discussion, according to aides in both parties, is a proposal to jump-start a thorough rewrite of the tax code.

Under that scenario, Republicans would agree to extend the Bush-era tax cuts for the middle class, leaving open the possibility that the Bush tax cuts that benefit the nation’s wealthiest households would expire next year. That would be a huge win for Democrats, who have long pledged to end tax breaks for the wealthy.

In return, Democrats would agree to a rewrite of the tax code that would eliminate dozens of tax breaks and use the cash to lower income tax rates, a GOP priority.

This is exactly what President Obama proposed in his April speech when he endorsed not only ending the Bush tax cuts for the wealthy, but also tax reform aimed at closing loopholes to generate revenue and reduce nominal rates, so it's surprising to see Boehner putting it on the table. I'd bet Boehner's not actually serious, but even if he is, it's impossible to imagine him getting a significant number of Republicans to follow his lead. If they did, it could show that Republicans can be serious about deficit reduction after all. But they aren't, and they won't.

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Comment Preferences

  •  Out the Window Down the Toilet (6+ / 0-)

    Jobs Report: Republicans Say Tax Increases In Debt Ceiling Deal Will Hurt Economy

    WASHINGTON -- Top congressional Republicans said Friday that a report that few new jobs were created last month shows this is not the time for the government to be raising taxes. But the GOP House speaker said the gloomy numbers also underscored the need for a deal on raising the federal debt limit and cutting massive budget deficits.

    With the Obama administration and Congress looking for a compromise to end their standoff over government debt, House GOP leaders used the latest jobs reports to drive home their position on taxes.

    "The situation that we face is pretty urgent, as a matter of fact I would describe it as dire," House Speaker John Boehner said at a news conference, emphasizing that "a debt limit increase that raises taxes or fails to make serious spending cuts won't pass the House."

    We agree our hair is on fire, we disagree with Paul Ryan's plan to use a sledgehammer to put out the fire

    by JML9999 on Fri Jul 08, 2011 at 09:17:31 AM PDT

  •  Hmmm..not sure I like the sound of this... (11+ / 0-)
    In return, Democrats would agree to a rewrite of the tax code that would eliminate dozens of tax breaks and use the cash to lower income tax rates, a GOP priority.

    I simply cant imagine a scenario where we (Dems) come out ahead. That just wont happen, so, my tax overhaul skepticism.

    •  I actually think it could work into our favor if (18+ / 0-)

      done properly.  Real small businesses could benefit from lower tax rates and revenues could increase if large corps had their loopholes removed and actually had to pay taxes.

      If done properly I think we could see a rise in revenue.

      I think we should lower the business tax rates and make everyone pay them, and increase the taxes on upper incomes.  

      This would encourage business to shy away from the exorbitant salaries they pay and actually invest in the productive capacity of their companies.

    •  Historically (9+ / 0-)

      progressives generally do come out ahead in such reform efforts, no matter who is at the helm.

      The simple fact of the matter is that every 25-30 years, the tax code gets so larded up with exemptions (good and bad) that it becomes pointless to care all that much about rates.  The effective tax rates skew so far from the printed tax rates --- and they always skew worst at the top brackets -- that it really doesn't matter whether the top rate is 35, 36.5, or 39%....

      It sounds like they're talking about individual rates here, but think of the whole GE situation... quoting Jayne from Firefly "10% of nuthin' is... carry the nuthin'.... still nuthin'".

      People pooh-pooh talk about loopholes as if they're insignificant -- but virtually all tax wonks will tell you, every generation or two -- you have to a major revision of the tax code to keep it functioning properly.   You're never done with this chore -- it's like trimming hedges, you have to do it regularly.

      We're due.

      This is a pretty good read on a similar type of legislation from the '86 tax reform --- and take a peek at the effective tax rates by bracket (after factoring in deductions), with a close eye at 1986 as a dividing line.

      There were a lot of liberals in the 80s who said the same thing about the '86 effort (and some conservatives, too) -- but it's awfully hard to argue with what came out in the wash.

      Full Disclosure: I am an unpaid shill for every paranoid delusion that lurks under your bed - but more than willing to cash any checks sent my way

      by zonk on Fri Jul 08, 2011 at 09:30:49 AM PDT

      [ Parent ]

      •  Personally, I don't want to lose (2+ / 0-)
        Recommended by:
        satrap, semiot

        the mortgage interest deduction, and if I do I want a healthy decrease in my federal tax rate.

        As a public school teacher, I'm about to see my health insurance shoot through the roof.  I'm already living month-to-month, and if my taxes go up as well I might not be able to keep my house.

        Give me your tired, your poor, Your huddled masses yearning to breathe free
        ¡Boycott Arizona!

        by litho on Fri Jul 08, 2011 at 09:48:36 AM PDT

        [ Parent ]

        •  I don't have one - but I hear you... (1+ / 0-)
          Recommended by:
          Time Waits for no Woman

          And given the state of the housing market, I don't see any realistic way that particular deduction isn't spared in any deal.

          I would think/hope that everyone at the negotiating table would recognize that as much as you generally have to be brutal and unsparing when it comes to trimming deductions, the housing market (to say nothing of folks like you) could in no way, shape, or form survive something like that.  I'd be aghast if I'm wrong, but brutal doesn't mean stupid... or at least, it shouldn't.

          Full Disclosure: I am an unpaid shill for every paranoid delusion that lurks under your bed - but more than willing to cash any checks sent my way

          by zonk on Fri Jul 08, 2011 at 09:55:33 AM PDT

          [ Parent ]

        •  They are (1+ / 0-)
          Recommended by:

          proposing cutting the home mortgage deduction only over a certain income 250k or 500k.

      •  Lets stop a moment and think about this. (2+ / 0-)
        Recommended by:
        pstoller78, pengiep

        Is the gop going to give Obama both these things?

        1. Tax "relief" for ordinary Americans (assuming there would be something for everyone to like and something for everyone to dislike. Thats his BO's MO)

        2. A seismic shift in gop politics where they vote in favor of tax increases.

        I doubt the WH can get such a deal. If they can, then some of my lost faith may be restored.

      •  Last (1+ / 0-)
        Recommended by:

        nite Howard Dean said as much...he would take a tax rate cut if the effective rate was at 26% vs the current effective rate of 19%....these loopholes and deductions favor the wealthy.

        It is so convulated that the GE's end up paying zero taxes while the small businesses pay the full rate.

        Time to fix it.

    •  Vote for us...we will have a chance to (1+ / 0-)
      Recommended by:
      A Runner

      rewrite the tax code...

      Who does that work for?  Dems or Republicans?

      "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

      by justmy2 on Fri Jul 08, 2011 at 10:07:05 AM PDT

      [ Parent ]

  •  That's part of the Plan, No? (4+ / 0-)

    I believe it has already been pointed out that because the GOP can push and Obama always gives, they will keep pushing. No matter what Obama offers, the GOP will ask for more.  In any case, they can leave the voting for this immoral deal to the Democrats. Obama will whip those votes himself.

  •  Can't repeat the 1985 tax rewrite: (2+ / 0-)
    Recommended by:
    lostinamerica, James Allen

    We've already done what was a good thing, which was to remove lots of deductions and lower marginal rates in a tax simplification in a revenue neutral move.

    We can't lower marginal rates, or provide fewer brackets, this time.   We can't have a revenue neutral change.  Not when the Bush rates are neutral, and certainly not when the current rates are neutral.

    Avg. Medicaid cost to New Jersey: $1936 per child per year. Avg cost of helicopter commute for Governor: $2300 per hour. Guess which one Christie wants to cut back on?

    by Inland on Fri Jul 08, 2011 at 09:18:10 AM PDT

    •  Not true (4+ / 0-)
      Recommended by:
      gramofsam1, pstoller78, David PA, mmacdDE

      We've had 25 years of refilling those lopped deductions.

      That's the way it always works -- tax reform is like trimming your hedges -- you're never "done", you've just made them nice and neat for a limited amount of time until they grow unwieldy again.

      Much of the '86 trimming is now gone and overgrown again.

      It's time for another haircut... and in 2030 or 2035 (the need for trims seems to accelerate), it will be time again.

      Full Disclosure: I am an unpaid shill for every paranoid delusion that lurks under your bed - but more than willing to cash any checks sent my way

      by zonk on Fri Jul 08, 2011 at 09:33:13 AM PDT

      [ Parent ]

  •  Let's see how this works: (12+ / 0-)

    The Republicans propose an idea or policy. The president says, sure let's do it. Sometimes even taking their idea further... and so far, they have all run from everything he has agreed with them on.

    Oh, except the defense budget.

    What does this mean? Bargaining in good faith? Bah!

    Science is hell bent on consensus. Dr. Michael Crichton said “Let’s be clear: The work of science has nothing to do with consensus... which is the business of politics. Science, on the contrary, requires only one investigator who happens to be right,”

    by Regina in a Sears Kit House on Fri Jul 08, 2011 at 09:18:41 AM PDT

  •  Interesting... (4+ / 0-)
    Recommended by:
    satrap, David PA, mmacdDE, FiredUpInCA

    Shades of 1986 to some extent.

    It won't be appreciated until he's well out of office (be that 2012 or 2016), but should something approaching the 1986 tax reform effort comes from this -- I'll post-date my cheers now.

    Full Disclosure: I am an unpaid shill for every paranoid delusion that lurks under your bed - but more than willing to cash any checks sent my way

    by zonk on Fri Jul 08, 2011 at 09:18:48 AM PDT

  •  "leaving open the possibility" (6+ / 0-)

    big enough wiggle room there to fly the Death Star through.

  •  Last night I emailed every Democrat in the Senate (17+ / 0-)

    Link to all Senators

    It took about an hour and 20 minutes.

    I stated that I wanted public statements for no cuts in Social Security, Medicare and Medicaid.

    I also reminded them that we vote for Democrats to protect these programs and if they don’t, there is no point in voting for Democrats.

    I also sent a message to the President.

    I also sent a thank you note to Sanders.  

    I really think people have to email all Democrats.  It may prevent them from voting for some bad deal.  They want to be elected again and again.

    (I posted this earlier, but I think this is important so I am posting this again.  Our voices must be heard.)

  •  So kyl and canker are still part of negotiations? (7+ / 0-)

    No they arent. They took their tiny wittle balls and went home.

    But it is interesting that amid all the gooper blathering about cut, cut, cut-the president cuts, alot-and goopers dont like it.

    This is beyond surreal.

  •  I am not a fan of it either. I prefer (8+ / 0-)

    the $2.4 trillion path.   This will take Social Security and Medicare benefit cuts OFF THE TABLE.  Also I feel strongly that ALL of the Bush tax cuts need to expire at the end of 2012.

    President Obama, May 5, 2011: "When we say we will never forget, we mean what we say".

    by Drdemocrat on Fri Jul 08, 2011 at 09:23:42 AM PDT

  •  I haven't heard much word from Sen Dems (4+ / 0-)

    I want to know what they think.

    President Obama, May 5, 2011: "When we say we will never forget, we mean what we say".

    by Drdemocrat on Fri Jul 08, 2011 at 09:24:19 AM PDT

  •  It's time to call their bluff... (14+ / 0-)

    They want $2bl that comes by crushing the poor.  Obama offers $4bl that makes the wealthy contribute too and they scream and moan and turn it down.


    Call their bluff!!!

    "Our rich are too poor

    and our poor are too rich,

    Republicons moan

    and republicons bitch"

       F Foont

    I am here to represent the democratic wing of the Democratic Party. Roar louder!

    by Josiah Bartlett on Fri Jul 08, 2011 at 09:24:48 AM PDT

  •  Rope-A-Dope is being played. (2+ / 0-)
    Recommended by:
    judyms9, Betty Pinson

    But Obama isn't the one serving it out.  

    The Patriot Act: IOKIYAD!

    by Beelzebud on Fri Jul 08, 2011 at 09:26:03 AM PDT

  •  just glad i'm not the one trying to get a deal.n/t (1+ / 0-)
    Recommended by:
  •  how can anyone except us political junkies follow (13+ / 0-)


    Most Americans only see the lousy job numbers and that Obama wants to cut SS and Medicare

    Doesn't he know this is political suicide?

  •  Man. These GOP guys are really good. (8+ / 0-)

    I mean why not use this as a gambit to get Social Security and Medicaid back on the table and then move away from the tax increase discussions as the clock ticks.

    I bet they'll even be willing to take some sunsetting or triggered loopholes out of this deal. Meanwhile, the spending cuts will get booked right away.

  •  The movie "The Devil Wears Prada" (5+ / 0-)

    featured a truly evil fashion-industry boss, played by Meryl Streep, and her easily-cowed early-twenty-something administrative assistant, played by an actress whose name I don't recall. This boss would send the admin scurrying on all kinds of fool's errands, e.g., sending her out on short notice  for a formal dinner, prepared to very exacting specifications--only to change her mind once the food had arrived, and call the whole thing off. Clearly, the admin was doing flip-flops the whole way to please her boss.

    There's only one difference between the hazing the admin in this movie endured, and what the Republicans are dishing out to Obama over the budget talks: at the end of it all, the admin in the movie received a glowing recommendation from her former boss. On the other hand, if Obama conforms to Republican demands perfectly, they'll still despise him.

    It's here they got the range/ and the machinery for change/ and it's here they got the spiritual thirst. --Leonard Cohen

    by karmsy on Fri Jul 08, 2011 at 09:29:07 AM PDT

  •  I am way past having a lot of faith (4+ / 0-)
    Recommended by:
    Voodoo king, MKinTN, semiot, mmacdDE

    in Obama, but it is a valid negotiating technique in a multi-party negotiation with a real divergence of interests to offer to give an unreasonable party everything and then some of what they are asking for, IF you can present in a way that makes it clear how much the other multiple stakeholders will lose, and then those stakeholder will then be scared off and will retreat to safer positions, leaving the person with the most unreasonable demand out in the cold.

  •  I've given up on Obama (3+ / 0-)
    Recommended by:
    Voodoo king, oscarsmom, pengiep

    The truth is we cant trust him. He has no scruples and certainly is no TRUE Democrat. The only answer is to do our best to fight him harder than we fight the Rethuglicans.

    Disabled Viet Vet ret. My snark is worse than my bite

    by eddieb061345 on Fri Jul 08, 2011 at 09:32:04 AM PDT

    •  Sigh (5+ / 0-)
      The truth is we cant trust him. He has no scruples and certainly is no TRUE Democrat.

      I hear he's also a Socialist from Kenya . . . oh wait, I forgot this isn't RedState.

      The only answer is to do our best to fight him harder than we fight the Rethuglicans.

      This is the epitome of stupidity, and explains why progressives can't keep a hold of power longer than 2 years.

      Did you fight this hard against Clinton, who adopted far more regressive policies than Obama has even considered. (NAFTA, welfare reform, etc) In fact, many of the things Obama is working on that you believe makes Obama THE WORST PRESIDENT EVER are repeals of things Clinton actively fought for (DADT, DOMA, financial deregulation etc).

      And yet somehow Obama hates LGBT people and is a wall street shill, but Clinton was some mythical awesome figure because "he felt our pain."

      But by all means direct 100% of your anger at Obama and 0% at Republicans. This makes a lot of sense because the root cause of America's problems is Obama and certainly not the Republicans, because Teabaggers are just itching to give us Single Payer and Cap and Trade and ponies in every yard, but evil Obama is stopping them at every turn.

      When we stop putting leaders from the past up on pedestals and ignoring their flaws, we can start seeing our present leaders for what they really are.

      by PhillyJeff on Fri Jul 08, 2011 at 09:51:08 AM PDT

      [ Parent ]

  •  When this administration could have been (0+ / 0-)

    Focused on jobs, refusing to play into the republican game of is all about debt and defiect he would look better today than he does now with today's grim job numbers. Hate to say this but I think this president will get fired next year by the American people. Too much tone deafness to what really matters.

    •  And they get a jobs bill through the house how? (5+ / 0-)

      FSM, I wish you guys could enter the real world.

      It's great to live in a fantasy world where Obama can unilaterally do anything he wants and "focusing on jobs" would compel teabaggers who are actively trying to tank the economy to pass progressive bills. But it's NOT . . . GOING . . . TO . . . HAPPEN.

      The glee and happiness you guys have in predicting a Republican win in 2012 is sickening as well. Do you think President Bachmann or Perry is going to start focusing on jobs?

      He's so "tone deaf" that you people complain 24/7 that he's not using his magic wand "bully pulpit," yet when he goes on TV and makes speeches you either ignore them or accuse him of being "all talk."

      I really, really, really want to know what actual action steps you'd like him to take. "Try harder" or "focus on jobs" doesn't count.

      When we stop putting leaders from the past up on pedestals and ignoring their flaws, we can start seeing our present leaders for what they really are.

      by PhillyJeff on Fri Jul 08, 2011 at 09:54:09 AM PDT

      [ Parent ]

  •  Oh, geez (3+ / 0-)
    Recommended by:
    Voodoo king, oscarsmom, pengiep

    NOW he's playing 11th-dimensional chess?

    You'll have to forgive me if I don't believe it until it all comes to pass....

    REPEAL the Telecomm Act & REVIEW this decision. NO journalist should be fired because their boss can't have the truth told.

    by lunachickie on Fri Jul 08, 2011 at 09:35:12 AM PDT

  •  GOP's main problem is their blind hatred of the (2+ / 0-)
    Recommended by:
    sethtriggs, pengiep

    President. Polls and Brooks be damned.

    •  It's not just a GOP problem (2+ / 0-)
      Recommended by:
      sethtriggs, FiredUpInCA

      See comments on this threat talking about how the president "can't be trusted" and that it's better for us to direct 100% of our efforts to defeat him in 2012.

      When we stop putting leaders from the past up on pedestals and ignoring their flaws, we can start seeing our present leaders for what they really are.

      by PhillyJeff on Fri Jul 08, 2011 at 09:57:31 AM PDT

      [ Parent ]

    •  Hey it's working for them (1+ / 0-)
      Recommended by:

      Full-on opposition of everything Obama does has paid off politically.  They've won every standoff so far.  And they will win points for being "against taxes no matter what," believe me.

      Save the parrots: Drink shade-grown coffee!

      by oscarsmom on Fri Jul 08, 2011 at 10:27:10 AM PDT

      [ Parent ]

      •  Which is why (1+ / 0-)
        Recommended by:

        when progressives scream about his failure to raise taxes,it is so hollow. Any pol can gain popularity for cutting taxes. But to be able to finesse raising taxes only on the segment of the population that wields the power and clout in that is tricky.

  •  Playing Lucy to Obama's Charlie Brown (2+ / 0-)
    Recommended by:
    oscarsmom, pengiep

    He falls for this trick every time.  The lure him into embracing a terrible idea then walk away from the negotiating table.

    Dumb, dumb, dumb.

    "My father always told me that all businessmen were sons of bitches, but I never believed it until now." - JFK during the 1962 Steel Crisis

    by Betty Pinson on Fri Jul 08, 2011 at 09:41:06 AM PDT

  •  I'm willing to bet (4+ / 0-)
    Recommended by:
    zonk, semiot, Hawkjt, FiredUpInCA

    Boehner is under intense pressure from Wall St. to avoid a shutdown, and he is willing to raise taxes in order to do that.

    The Tea Party, however, is oblivious to that economic reality, so he won't get Tea Party votes.

    If the deal is structured right, it can get enough Democratic votes to pass the House, even without Tea Party votes, and the power of the Tea Party would be eviscerated.

    I hope that's the game the president is playing.  The question, though, is what kind of hit would entitlements have to take to get Boehner's vote?  And would that hit be big enough to destroy future support of the president by progressives?

    The president may want to destroy the Tea Party -- I hope he does! -- but he can't cut himself off at the knees to do it.

    We'll know by Sunday, I suspect.

    Give me your tired, your poor, Your huddled masses yearning to breathe free
    ¡Boycott Arizona!

    by litho on Fri Jul 08, 2011 at 09:44:20 AM PDT

  •  The Reptiles were never about the debt (1+ / 0-)
    Recommended by:

    or the deficit except as the cornerstone of their rhetoric to ram through or destroy legislation and get votes from stupid people.

    It's an illustration device that appeals to skinflint older white conservatives about how you have to pay your bills on time. But we all know our gov't and the big boys operate under no such constraints. Then they throw Greece out there as an example to scare em up more. But Greece is part of the Eurozone and has no Fiat currency or central bank and you know that's too complicated for the demographic they mine, so they are good to go. Average white reptile adherent has no idea what the European Union is, who is in it or what the currency is, what a central bank is, how the Fed works and is generally mad about the gold standard being abolished. They fume about it and talk about it, but they haven't a clue. They know what they know, from Beck.

  •  A deal is a win for the President (1+ / 0-)
    Recommended by:
    David PA

    and no deal is a lose for the GOP

  •  House Dems must stick with Pelosi. She's the (3+ / 0-)

    toughest guy in the negotiating room.  Senate Dems love the clubbiness of the Senate too much and are wont to coagulate into dangerous clots when things get bloody.

  •  If they don't take this deal, Obama should yank it (4+ / 0-)
    Recommended by:
    satrap, msmacgyver, semiot, pengiep

    Seriously, if they don't take this package, which gives them pretty much fucking everything they've ever wanted on their warped wishlist, then they can go to hell.  He should pull the entire thing, invoke the 14th Amendment, and spend the next year and a half beating them into the ground.

    Hell, I know it's wishful thinking, and I can't believe I'm saying this, but that's exactly what Bill would've done, and in essence did from the start with the GOP around this time in '95, and he got the deal he wanted.

    I will respect the Republican Party the day they decide to start respecting all Americans....therefore, I will never respect the Republican Party.

    by wolverinethad on Fri Jul 08, 2011 at 09:53:30 AM PDT

  •  No worries...Republicans are serious (0+ / 0-)

    they will figure it out...

    Democrats on the other hand...

    “We think that obviously there are some Democrats who don’t feel as strongly about deficit reduction as [President Obama] does,” senior adviser David Plouffe said Wednesday at a breakfast with reporters and columnists.

    "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

    by justmy2 on Fri Jul 08, 2011 at 10:05:32 AM PDT

  •  GOP backing away is good news for (4+ / 0-)
    Recommended by:
    David PA, Southside, semiot, FiredUpInCA

    Obama and the Dems.  It looks like by going long, Obama has pushed Boehner into a situation where he either defaults or goes with a package that largely favors Democrats:  getting rid of corporate tax loopholes and letting the Bush tax cuts expire.  GOPers won't support any tax increases. Dems won't support a bill that doesn't raise revenue from the wealthy.  Neither side will be too keen on cutting social security.  The resulting bill would be one that a small number of GOPers could support so Boehner will have to get his votes from the Dems if he doesn't want to default.

    I was glad to see that the GOP is now using the jobs report as a shield against raising taxes, because the same argument can be used against cutting spending.  Maybe this bad jobs report is a blessing in disguise to get both parties away from this move towards austerity.

    I still think the GOP will attempt to default, but there are probably many within the party who believe that they would never recover from such a move politically given the economic data that we have right now. I'm certain Boehner feels that way.  Cantor sees this whole thing as an opportunity to enhance his leadership credentials and perhaps grab the Speaker's chair or run for Presidnet.  

    Ironically, by trying to tank the economy by starving it of more stimulus money, they may have made it much harder for themselves to win a government shutdown/default fight with Obama.  

    Alternative rock with something to say:

    by khyber900 on Fri Jul 08, 2011 at 10:10:28 AM PDT

  •  If Republicans are pushing it, then those (1+ / 0-)
    Recommended by:

    loopholes they want to close will screw the middle class.  My guess is eliminating the mortgage interest deduction and assessing taxes on healthcare benefits.

    The community of fools might be small were it not such an accomplished proselytizer.

    by ZedMont on Fri Jul 08, 2011 at 10:28:11 AM PDT

  •  If Social Security has no effect on the deficit (0+ / 0-)

    why is it part of the negotiations?  If it does not have to reduce payments until 2037, what good will reducing COLA adjustment now do?

    "I don't want to blame anyone. I just want to know how lowering taxes on the rich creates jobs" --Informed citizen at Congressional town hall

    by Time Waits for no Woman on Fri Jul 08, 2011 at 11:56:17 AM PDT

  •  jed, thanks for bringing good clear information (0+ / 0-)

    and analysis instead of the wild speculation of what MIGHT happen IF by some of the other front pagers!

    it is good to see a return to the "old" dailykos that i knew an dloved - you keep me returning and have started me reading the front page again!

    and, of course, the beauty of "the quiet man" who just turned the republican issue on their tails - now asking for a serious reduction of the debt of $4 trillion and seeing the mouth-breathers run away in terror!

    lovin' it!

    ANY person who underestimates this president is ... well ... a fool!

    MOVE'EM UP! ROLL'EM OUT... MOVE'EM UP RAWHIDE!!! meeeoooow! mrraaarrr!! meeeOOOOOW!

    by edrie on Fri Jul 08, 2011 at 02:36:30 PM PDT

  •  hmmm (0+ / 0-)

    All this week there have been diaries here and even SPECULATION on the front page from folks I respect..
    SURE that President Obama was going to play out that tired cliche "under the bus" ...based on what?

    The fucking OUTRAGE expressed here... based on ah what?
    Don't get me wrong I am pissed about many non-efforts by President Obama ..however,; until President Obama establishes a feeble position ...Afghanistan..Union card check..Gitmo and others... I will wait.

    As someone who will start collecting my SS next Feb. I am paying attention...but still... I always thought KOS was a little more sophisticated... maybe not.

    tap yer toes...

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