Washington (CNNMoney) - House Speaker John Boehner drew a line in the sand on Thursday, saying that a special debt committee tasked with cutting at least $1.2 trillion from federal deficits shouldn't consider tax hikes.
"Tax increases ... are not a viable option for the Joint Committee," Boehner said in a speech to the Economic Club of Washington, D.C. "It's a very simple equation. Tax increases destroy jobs. And the Joint Committee is a jobs committee. Its mission is to reduce the deficit that is threatening job creation in our country."
seeing the wealthy and corperations invest in communist china why don,t they ask the communist for a tax break
if the super rich crate jobs no... but if they dont yes ... super rich has it to give ...but super rich are millionares
I saw today that Boehner may ask the committee to at least set the ground work for tax reform. And I saw today the Rep. Ryan wants to do tax reform also. Both described tax reform as getting rid of loop holes and lowering tax rates to clean up the tax code and make it more fair. If done correctly it can also increase tax revenue. This kind of tax reform would give us a whole new set of rates, getting rid of the current rates established by the Bush tax cuts. It also goes way beyond what Obama is calling for. Obama has identified some specific tax deductions or loop holes to be eliminated that apply to specific individuals based on income levels or specific industries. What Republicans want to do goes much farther to cleaning up and simplifying the tax code for everyone. Ryan also stated he did not believe Obama supported this kind of tax reform for individuals becasue he would not then be able to use class war fare in his campaign to tax the rich.
Democrats should say that spending cuts without revenue increase is off the table, because it would entail draconian cuts to essential government services. The discretionary spending, excluding defense, is only 500 billion (out of the 3.8 trillion federal budget). The discretionary spending is not totally discretionary. It covers the budgets of departments and agencies such as FDA, CDC, and NIH. To make up for the trillion-dollar deficit we have, significant cuts would have to be made in Social Security, Medicare, Medicaid, and defense. Is that what we want? When Republicans talk about runaway spending, they are not telling the voters that Social Security, Medicare, Medicaid, and defense are the runaway spending in the budget.
How can you generate income without Tax Hike????? Just cry on spend spend and spend, when we need to spend while economy is dooming, I do not think you guys have proper thinking capacity....I pity you.....we are spending to create jobs while spending, at the same time, we need to generate income, or else, debt piles up...as a kid, he will tell....what a pity, America...you need education....that's it...not jealousy, not racial feeling....o.k,
I had to laugh when I read Pelosi said the Republicans needed to stop throwing tamtrums. That is what most Americans see when Obama gives his stump speeches. Obama's speechs are a huge turn off for most voters. The Obama base loves it. But polls show liberals, or progressives as they prefer to be called these days, make up only 20% of voters. No wonder Obama drops in the polls whenever he goes on his circus tours like he is now. Yesterday Obama's approval rating in Gallups daily tracking poll dropped from 43% to 40% and today it dropped to 39%.
87% of Americans want the Bush tax cuts rescinded on the .0189% wealthiest in the country. Most of those folks want their tax cuts rescinded. I seriously doubt Paris will miss her new $150-$200K car and handbag to match on the taxes she's saving! But he's right, you know we small guys caused all this mess running up all this credit debt we couldn't afford to pay off and buying houses that we couldn't afford .... we should pay for it ha?
Twenty five percent of America is on the ropes and this guy is going to wait 15 months doing nothing. Because he thinks that will get his party more seats. While the rest of us suffer and things get worse. I spent years in the military defending this country for this?? I want those years back.
Death to the GOP anarchists, they're infinitely worse than Al Queda or the Taliban.
Here he goes again with the myth of increasing taxes on so called "job creators" will hurt job growth bullcrap. Boehner always insist on knowing what the American people want. Well we want taxes raised on the rich. Earth to Boehner. Better yet, Pluto to Boehner because that's how out of this world that bogus notion is. We can not cut our way back to prosperity Bonehead. The supercommittee's tasks is to put EVERYTHING on the table. Like it or not, taxes are going up! The American people didn't make a pledge to the fascist Grover and our elected represntatives shouldn't be either. YOU WORK FOR US!
Thanks you Mr speaker . Just keep on supporting the riches. That is the way Republican works. They get money from the riches.
The GOP are domestic terrorists, holding the country hostage while they continue to dole out welfare to the wealthy and corporations. Anybody that votes for them is an effing idiot, and should be tried and shot for treason for supporting them.
Hard to believe that Boner can get elected in Cincinnati. No new ideas, just more crap.
Boehner and the GOP/Tea Baggers had a big hand in creating this economic situation in the first place with deregulations and toxic assets, The debt ceiling debacle which led us to loose our AAA rating was due to a party that knows nothing of the word "compromise." . Then, Boehner and his Congress Controlled GOP/Tea Baggers's part in NOT putting forth any jobs legislation as they promised in the mid-term elections Where is the jobs legislation that they promised??? Are tax cuts their solution for everything? Let's get jobs created by focusing on infrastructure and jobs investment. It's time Boehner and his GOP/Tea Baggers start working for America instead of their well off 1%.
Screw off Boehner. If they decide it is a viable option then it shall be.
"Its mission is to reduce the deficit that is threatening job creation in our country."
The Bush tax cuts that is responsible for 1/3 of that deficit (as per the CBO). Tell me how many jobs that created.
The Bush tax cuts on "job creators" have been in place for years... so, Mr Boehner where the heck are all the jobs???
When are these guys going to figure out that they need to try a different approach ... maybe even one that includes ALL Americans – you know that shared sacrifice thing Republicans are an appallingly selfish bunch , I can't imagine anyone who in't a milliionaire even giving them the time of day.
"Tax increases destroy jobs."
Silly, pundit-like, oversimplified generalization... with a grain of truth. He means tax increases will destroy HIS OWN job... no politician in congress (republican or democrat), it seems, has the spine to be associated with a probably necessary tax increase. By burying his head in the sand and ruling out a tax hike in the name of "jobs", he is both pandering to misguided fiscally-minded voters and attempting to preserve his own job in the process. Short-sighted on both counts.
Let’s see, the Republican plan is to cut spending and government jobs. So the Presidents proposal is to increase spending on infrastructure, directly giving contracts to private companies to inspect and identify key infrastructure that need upgrading and/or replacement. Once that is determined, other private companies are hiring, Architects, Engineers etc to do the design work, once done other private companies are hired, Project Management Companies, Contractors to construct the necessary upgrades and replacements. So by cutting spending, the Republicans are cutting not only government jobs, but private sector ones as well.
Up keep voting against your best interests America. Less money in the private sector means fewer consumers spending leading to less demand for goods and services heading towards layoffs in the goods and services industry and all leading to less taxes being taken in by the Government which.....brings us full circle to more Republican Spending cuts. Bravo republicans, you fixed the problem!! (Note for you Teatards, that last sentence is sarcasm, you may need to look that up)
I'm shocked at Boehner's response to tax hikes. Did he ever consider paying down the debt so permanent tax cuts would be the end goal?
The ONLY pro-growth barrier is that there are NO customers with money to by anything!
Tax cuts DO NOT create jobs, an excess of customers DOES! I'm willing to bet that corporations won't complain about taxes if they have enough potential customers to market to.
"It's a very simple equation. Tax increases destroy jobs."
Starting from a faulty premise. Tax increases do NOT destroy jobs and we have historical record to prove it. The only thing simple about this is the GOP's strategery: lie, misinform, demagogue and refuse to listen to Elmendorf or any other expert economists who are telling them that short-term stimulus, like Obama proposed, is needed and should be followed by long-term deficit reduction only once the economy is back to stable and is exhibiting a reasonable growth rate. THAT is what is called "fiscally responsible"...not this "we have to burn the village to save it" nonsense the GOP is engaged in. Preferential tax treatment for those who can afford to purchase the lobbyists to get it for them is KILLING our economy and our government. It needs to stop as soon as possible.
Sorry, that shoudl read:
"The only thing simple about this is the GOP's strategery: lie, misinform, demagogue and refuse to listen to Elmendorf or any other expert economists who are telling them that short-term stimulus, LIKE OBAMA PROPOSED, is needed and should be followed by long-term deficit reduction only once the economy is back to stable and is exhibiting a reasonable growth rate, LIKE OBAMA PROPOSED."
Would Obama or anyone from the left define what the left's definition of the fair share for the rich is. Please provide the exact tax rates and the metrics you used to determine it is indeed fair.
100% of Americans believe the rich should pay their fair share. Thing is everyone has a different idea of what that is. I have no idea of what your definition of fair is except it is more than they are paying now. I have no idea how much it is or what criteria you used to determine it.
I think the rich are paying more than their fair share already. We still have a progressive tax rate schedule. Bush lowered the rates for every tier, upper, middle and low. So the rich still pay a higher tax rate on their income than the middle class or low income. The rich also pay something like over 70 of all the income tax collected. All that sounds more than fair to me. If you say the rich can afford to pay more and still have a lot of money, I will agree with you. But I don't believe anyone, not even the rich, should be taxed to pay for excessive, wasteful or ineffective government. Once that is all cut out, then I will be willing to see if we need to ask the rich to pay an even larger share than they already are. And tax reform can be done now to get rid of all tax deductions and loop holes and lower rates for both individuals and business. If done correctly this can increase revenue. It would be tax neutral to those not taking excessive advantage of loop holes and it would increase taxes on those who are. Sounds fair to me. For example GE paid no taxes on 14 billion in profits. Get rid of the loop holes and lower the rates from 35% to 20% and GE pays 2.8 billion instead of zero.
So how many jobs have been created since the BUSH tax cuts have been put in place over the past 10 years. I wish when we listen to all Republicans and their pundits someone would ask and answer that question. What aren't these questions asked at the Republican debates
? They must tell the news media what questions they are allowed to ask.