Plouffe explains more tax increases: “As you know, we made public our offer to Speaker Boehner, over $1 trillion in additional spending cuts, $400 billion in entitlement savings. This is really serious stuff, on top of the over $1 trillion we’ve already signed into law. So the barrier to progress here isn’t our position of the president. We’ve moved more than halfway, which is a fair definition of compromise. And we are going to require some more revenues.”
Asked if Obama would consider a budget which did not include more tax increases: “So there’s plenty of loopholes, whether it’s people shipping jobs overseas who gets preferential tax treatment, the subsidies to the energy companies, loopholes for, you know, billionaires, there are things we can close here to make our tax system fair…”
Raise taxes again to spend more money on entitlements. Times are changing, now the poor get fat.