"A wise and frugal government which shall restrain men
from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
(Thomas Jefferson)

Friday, November 9, 2012

Pres Obama Standing Firm on Tax Increase for Wealthiest Americans

Are Republicans going to come to the table with President Obama next week willing to deal or they going to be stubborn to maintain tax cuts for the wealthy?  Jury is out on that one but if the GOP doesn't want to lose seats in 2014, they had better be willing to forget about keeping tax cuts and loopholes for the wealthy.  Obama is correct that the first order of business should be to extend the tax cuts for those making under $250,000 which should never be held captive for the wealthy.

Don't think most Americans after they have seen the amount of money that wealthy Americans poured into this election mostly for Republicans are in much of a mood to let the tax cuts and loopholes stand for them.  Why should the 2% of Americans pay a tax rate that is less than teachers.  Forgot that the GOP is not fond of teachers via their candidates in 2012.  Romney paid a 14% last year but bet his tax accountants are quickly going to send in an amended return now that he is not going to be President to reduce his tax rate even further and take off all donations.

Time for Republicans to drop the obstructionist tactics of the last four years and work with the President for the American people not the Republican Party.  Will guarantee that some House Republicans in close races in 2012 who plan to run in 2014 will be challenged by good candidates if they don't get on board and quit obstructing.  Too many Republicans are set to bolt the Party if they keep up their obstructionism and go help Democrats.  

House and Senate Republicans have a chance to prove their are putting Americans over Party by actions not rhetoric.  Their rhetoric is cheap -- we want to see compromise and tell the Koch Brothers, Rove, and Grover Norquist to sit down and shut-up along with the pundits.  

Is Rush Limbaugh the titular head of the Republican Party Again?  Even the fact there is that suggestion shows that today's GOP is more concerned about the right wing media and what they think along with donors then they are what is best for all Americans.  The attacks have continued on this President and now extended to Chris Christie because he put his State over Party politics are shallow and mean.  

The hatred is alive and well today on Twitter from the right.  Is it true that some Twitterers are being instructed to be vile and nasty from Rove and the Koch Brothers through a Koch organization?   Personally believe the Kochs have been bad for America as they have used their money to take over the Republican Party and want to take over America.  They were stopped this time as they lost the Presidency and the Senate.  Time to stop them completely in 2014 and take back the GOP House from them along with a lot of State Houses.

Obama has offered the olive branch so the ball is in the GOP court.  Will be watching what happens next week in the meeting.  Don't have high hopes for the GOP to compromise for the American people.  Hope I am wrong but right now I would say it is a lot less than 50% they will cooperate.    

Good speech for the President laying out what is ahead:                                                                      
Obama sticks to guns on tax increase for wealthiest Americans
By Tom Curry, NBC News national affairs writer 
Updated at 2 p.m. ET -- At a campaign-style event at the White House Friday, President Barack Obama invited congressional leaders to the White House next week for talks on how to avoid spending cuts and at least some of the tax increases scheduled to occur in January. But he insisted that tax increases on the wealthiest Americans must be part of any deal.
Visit NBCNews.com for breaking news, world news, and news about the economy
NBC's Brian Williams anchors President Obama's first post-election appearance, in which he calls on Congress to work with him to avoid the fiscal cliff and get the economy moving again. 
In a statement at the White House, Obama indicated he will meet with Senate Majority Leader Harry Reid and House Speaker John Boehner next week "so we can start to build consensus around the challenges that we can only solve together." The president was referring to $64 billion in automatic spending cuts that will take effect in January if a deal cannot be reached. Those cuts are mandated by the Budget Control Act that Obama signed into law last year. Advertise | AdChoices In his first White House appearance since defeating Republican Mitt Romney in Tuesday's election, Obama said he was "open to new ideas" to avoid what is known as the “fiscal cliff.” But he also dug in his heels by insisting that additional revenue be part of the solution. “We can’t just cut our way to prosperity,” he said, adding that he would insist that “the wealthiest Americans to pay a little more in taxes” – a line that drew applause from the group of supporters standing behind him on stage. Obama defines "the wealthiest Americans" as single taxpayers earning more than $200,000 a year and couples with annual earnings in excess of $250,000. And he claimed an election mandate, saying, “On Tuesday night we found out that the majority of Americans agree with my approach.” ---- 
Obama also repeated many of the themes of his re-election campaign speeches in Friday’s remarks – such as his view that more federal infrastructure spending is needed. Obama did not take any questions.  
Read More at:  NBC News

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