Obama: Tax negotiations continue
December 6th, 2010
01:13 PM ET
10 years ago

Obama: Tax negotiations continue

(CNN) - President Barack Obama said Monday that there are still "serious debates still taking place" in the negotiations over extending the Bush-era tax cuts, and both Democrats and Republicans have to be prepared to compromise in order to reach a deal.

The president reiterated his position that extending the cuts for the wealthiest Americans would be fiscally irresponsible, and stressed the opinion of Democratic leaders that an extension of unemployment benefits needs to be part of any agreement with the GOP.


Filed under: President Obama • Taxes
soundoff (13 Responses)
  1. John Boehner is the dumbest person to become speaker

    We need to save Rush Limbaugh $2 million in taxes on his $54 million income, Beck $1.2 million, Hannity $700,000 and Palin $450,000 by extending the Bush cuts. Yet none of this money will create a job.

    December 6, 2010 01:21 pm at 1:21 pm |
  2. John Boehner is the dumbest person to become speaker

    Let them all expire. The debt needs to be dealt with, and all of us need to contribute in a time of crises.

    December 6, 2010 01:22 pm at 1:22 pm |
  3. Dominican mama 4 Obama

    Mr. President it would be fiscally irresponsible which is what the GOP via it's obstinancy is trying to pin on you. You're screwed any way you go with this so err on the side of caution. The fact that the unemployment benefits will not be extended falls squarely on the GOP. Let them keep that irresponsible and heartless act. Let them explain to the electorate how and why they shot down extending unemployment benefits right before Christmas.
    As for the tax cuts: either we extend them for the middle class ONLY, or we cut them off for everyone.
    Don't negotiate with the devils Mr. President.Don't cave.
    Time to play hardball and let the voters that voted these mental midgets BACK IN adhere to the consequences of their actions. I'm braced for the hit.

    December 6, 2010 01:22 pm at 1:22 pm |
  4. Oregon Calling

    I am so sick of this discussion. It does not matter that the majority of the American people want the tax cuts to expirefor the wealthiest, heck even some of the wealthiest are wanting them to expire (Gates, Buffet). It only matters that the GOP gets to hold this country hostage.

    Peace 🙂

    December 6, 2010 01:25 pm at 1:25 pm |
  5. MAhole

    PLEASE president Obama – DON'T cave in.
    Keep your promise to not increase taxes on the middle class – only the rich.
    Show the American people that you won't back down. Make the Republicans meet YOU in the middle. Don't bow down to their DEMANDS. After all sir, you ARE the POTUS.

    December 6, 2010 01:38 pm at 1:38 pm |
  6. Albo58

    Extendeding the Bush tax RATES (not cuts because they've been in place for numerous YEARS!) would have been a no brainer for a competent, non-party hack President, but this loon tried to politically spin how he was so "concerned" about the middle class! If he was so concerned about the middle class exactly why didn't he focus on the economy instead of his far left issues (healthcare, Union bailouts, the Cap&Trade Fraud, etc) over the last 2 years? This President and his agenda has been an unmitigated disaster for our country and needs to go NOW!

    December 6, 2010 01:44 pm at 1:44 pm |
  7. Four and The Door

    "We have got to find consensus here because a middle class tax hike would be very tough not only on working families, it would also be a drag on our economy at this moment," Obama...
    The drag on our economy is exactly the point Republicans are making, but that is for everyone, not just the middle class. If you tax the people who own the companies that need to create jobs, you are directly reducing their ability to create more jobs. Yes, that's how it works. No, small business owners are not sitting on trillions of dollars of 'extra' money. Yes, there is unmet demand for a variety of products, even in this economy. Yes, companies are all running with as few people as they can get by with. So yes, there can be more hiring today but it will require small business owners to make a decision to put out the money for more employees. This is money that comes out of the same pocket as tax payments. As a small business owner I do know how this works.

    December 6, 2010 01:47 pm at 1:47 pm |
  8. Fair is Fair

    Word is that Obama is holding out on tax cuts for everyone, including the rich, for unemplyment extension of 52 more weeks. So the "99-ers" will become "151-ers". 3 YEARS of unemployment.

    Is that really the right approach? Seems to me that if the payroll tax was eliminated for a year, there would be so much cash available to EVERYONE – and that money would be spent.

    December 6, 2010 01:49 pm at 1:49 pm |
  9. Take America Back from the Libs

    Posture, Posture, Posture......Give it up Obambi, you have lost the support of your base........stalling so to please them is a waste of time. So, I will tell you like you told the Republicans after the 2010 election......YOU lost.....WE won!

    December 6, 2010 01:55 pm at 1:55 pm |
  10. Sniffit

    And, despite CNN's unnatural love for everything that comes out of McCain's and McConnell's and Boehner's and Cantor's stinking orifices, they have, for some reason, neglected to tell anyone that McConnell is running around today claiming that "the Democrats will cave." I suppose, since only 26% of the country wants the tax cuts for the rich to be extended, this is the GOP's way of setting up the claim that, despite the fact that the GOP is totally ignoring "we the people" and pushing hard for tax cuts for the rich (to the extent that they are willing to shut down the Congress and allow taxes to go up for everyone in order to protect their wealthy donors), it is all REALLY the Dems' faults for "caving" and therefore not listening to "we the people." I can see McConnell's and/or Boehner's speech on the subject already:

    "If the irresponsible Democrats had any intention of listening to what the majority of the people out there are saying, they would have blocked our attempts to give our wealthy donors a continued inequitable, middle-class-funded tax cut. But no, because they wanted to move on to their pet projects like treaties enhancing global nuclear safety, legislation to extend unemployment benefits, which have been shown by DOL and CBO to be the single greatest job-creating tool at our disposal (tax cuts being the least), and the unconstitutional discriminatory treatment of homosexual soldiers willing to sacrifice their lives in service to our country...because of those petty petty special interests concerns of the Dems, they failed to put up a fiight and thereby fall prey to our attempts to obstruct and delay everything so that we GOPers would have control of those issues in January. This is just a totally unacceptable jamming of their socialist, leftist, marxist, fascist agenda down the American peoples' throats and the American people have been screwed yet again."

    See? Understanding the circular logic rattling around in the empty heads under all those standard issue GOP tinfoil hats isn't all that hard. And the media would play right into it because, well, IOKIYAR. Oh, and another tidbit: McConnell is also running around claiming that McCain is right about repeal of DADT and that they need 4-5 weeks to debate the defense bill (which would, it turns out, be the very longest...at LEAST double and upwards of 4x the time spent debating any defense bill since 1990)...lie lie lie lie lie lie lie....poof, magically get your way, because Americans are THAT unbelievably stupid.

    December 6, 2010 01:59 pm at 1:59 pm |
  11. Me

    The Republicans have taken Obama's sack.
    They have crushed hope with Fear Hate & Lies.
    In America, the truth will be defeated by lies
    The hopefull will be destroyed by the fearful
    and mediocrity will forever hold sway

    December 6, 2010 02:21 pm at 2:21 pm |
  12. NameHD 100% ETH

    The Kinkian mentalitiy doesn't work for US. Keep it for yourself, for future review.

    December 6, 2010 02:24 pm at 2:24 pm |
  13. T'sah from Virginia

    The RepubliCAN'Ts do not care about the Middle Class/Poor and all they want to do is INVEST in foreign countries and make more BILLIONS of DOLLARS – that's the ONLY place where JOBS will improve – overseas!!

    If the RepubliCAN'Ts are NOT RICH, then they should come forward more for the middle class!! I can't STAND to see McConnells FACE when he talks to the media. Who in the HELL does he think he is??? And Boehner – CAN'Tor – they make me throw up!!!

    Have you noticed NO ONE on the RepubliCAN'T side is speaking? They are on LOCK-DOWN in fear that ONE or TWO or MORE, do not agree with the ones doing all of the talking!!

    President Obama – DO NOT BEND "BACKWARDS" – if you do, that will be where you are headed – the RepubliCAN'Ts do not like you!!!

    December 6, 2010 02:31 pm at 2:31 pm |