White House: No movement by Republican on tax rates for top 2%

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Which they know is complete BS. The Republicans just won’t rollover and give Obama his tax hike until he gives them some significant spending cuts in return.

A deal is there to be done but it will not come until the eleventh hour because neither side wants to disappoint its base.

2012-12-13T18:41:42+0000

All|Americas|Politics|Regions

fiscal cliff

Jamie Coleman

4 Comments

  1. Repubs are still in denial about loosing the election and House and Senate seats. My dentist makes 10 times what I earn, just bought a new $1.5 million yacht and writes it off and pays almost no taxes and much less than I do. I get stuck with 30%+ tax rate with my short term gains from trading. I think the real issue is that many of those earning more than $250K have a ton of tax avoidance schemes and loopholes.

  2. Maybe you should go to college and get a degree to become a dentist instead of complaining about the success of someone who did. Just sayin.

  3. Matt – you miss the point – It’s not about the income – it’s about all the BS tax dodging schemes. Like calling the yacht a business conference center.

  4. wait the President won the election by less the 3 percent That is not a mandate.
    the Repubican still control the House. Democrats control the senate but it makes no sense to raise just raise taxes we need to cut spending if we don’t it’s all a waste of time. without a cut in spending 2013 deficit will be double that of 2012. The new Obama care program adds 1.2 trillion in cost so if repubilcan raise
    800 Bio we are still another 400 bio short on top of a budget deficit of 1.3 trillion this year and adjusted for inflation these number get worst. Look at Simpson Bowles proposal. Raiseing Taxes on the the 2 percent will only fund the Government for 8 days so what happens the rest of the year

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