Rep Smith(D) recently spoke to The Hill about sequestration: “At a certain point the industry has to deal with what’s coming at them. They did what they could, but just the broader challenges of addressing our deficit issues are too great for anyone at this point.”
Yesterday on Face The Nation Pelosi discussed future post Obama Cliff changes as America moves forward calling for even more tax increases on the successful: “I’m not saying that’s off the table.”
I’ve always wondered why, if all of the Bush tax cuts were so detrimental to the progress of our economy, Obama insisted the 98% retained them.
McConnell was on Meet The Press yesterday: “I’m in favor of doing tax reform but I think tax reform ought to be revenue neutral as it was back during the Reagan years. We’ve resolved this issue, look we don’t have this problem because we tax too little. We have it because we spend way, way too much.”
Obama wants a $1 Trillion bump in taxes this year.
The Hill: “The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes.
This sets up tax reform as one of the biggest fights of the 113th Congress, which began on Thursday.
Republicans say tax reform should be revenue neutral. Additional revenues collected by eliminating or curbing tax breaks and deductions should be used to lower rates.”
A year and a half ago Gail Chaddock wrote: “There is growing pressure on President Obama to simply declare an increase in the debt ceiling by executive order and tell everyone else: Deal with it.”
Rep Smith(D) just told the defense industry it must learn to deal with the problems created by Obama and the liberals. How many private companies have heard the same? How many private citizens? When Obama’s short on cash he either submits a new print order or raises the ceiling and borrows. Whatever the difficulties, government is always immune.
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Related:
The Hill: Defense industry fears sequester delay won’t stop Pentagon cuts
AP: Pelosi suggests top earners pay even more in taxes
The Hill: Democrats look for up to $1 trillion in new tax revenues this year
KILL DEBT CEILING WITH EXECUTIVE ORDER: LIBERAL HYPOCRISY
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Posted on January 7, 2013
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