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View Full Version : Boehner Would Accept New Revenue Under ‘Right Conditions’



Rockntractor
11-07-2012, 05:01 PM
By Roxana Tiron and Richard Rubin - Nov 7, 2012 2:31 PM CT


U.S. House Speaker John Boehner said Republicans would be willing to accept new tax revenue to reduce the nation’s budget deficit if it’s accompanied by a tax overhaul and changes to entitlement programs.

Speaking in Washington a day after President Barack Obama’s re-election, Boehner of Ohio said all sides are “closer than many think” to being able to revise the tax code.
“Shoring up entitlements and reforming the tax code -- closing special interest loopholes and deductions, and moving to a fairer, simpler system -- will bring jobs home and result in a stronger, healthier economy,” the speaker said, according to a prepared text.

“Mr. President, this is your moment,” Boehner said, according to the text.

Boehner called for bipartisan negotiations to avert the fiscal cliff of tax increases and spending cuts scheduled to begin in January. He emphasized Republican opposition to raising tax rates.
http://www.bloomberg.com/news/2012-11-07/boehner-would-accept-new-revenue-under-right-conditions-.html

Yes of course, we still have the house. How long did it take for Boehner to cave, 16 hrs

Zeus
11-07-2012, 05:11 PM
By Roxana Tiron and Richard Rubin - Nov 7, 2012 2:31 PM CT


U.S. House Speaker John Boehner said Republicans would be willing to accept new tax revenue to reduce the nation’s budget deficit if it’s accompanied by a tax overhaul and changes to entitlement programs.

Speaking in Washington a day after President Barack Obama’s re-election, Boehner of Ohio said all sides are “closer than many think” to being able to revise the tax code.
“Shoring up entitlements and reforming the tax code -- closing special interest loopholes and deductions, and moving to a fairer, simpler system -- will bring jobs home and result in a stronger, healthier economy,” the speaker said, according to a prepared text.

“Mr. President, this is your moment,” Boehner said, according to the text.

Boehner called for bipartisan negotiations to avert the fiscal cliff of tax increases and spending cuts scheduled to begin in January. He emphasized Republican opposition to raising tax rates.
http://www.bloomberg.com/news/2012-11-07/boehner-would-accept-new-revenue-under-right-conditions-.html

Yes of course, we still have the house. How long did it take for Boehner to cave, 16 hrs

Why you consider it caving ? Many economists agree that closing certain "Loopholes" and lowering tax rates would generate higher revenues.

Rockntractor
11-07-2012, 05:18 PM
Why you consider it caving ? Many economists agree that closing certain "Loopholes" and lowering tax rates would generate higher revenues.

He is willing to raise taxes.

Zeus
11-07-2012, 05:21 PM
He is willing to raise taxes.

More tax revenue not tax rates.

Rockntractor
11-07-2012, 05:47 PM
Just wait,
it will magically change to a higher rate,and I'll be hearing about how we have to compromise.

Sent from my Dell Streak 7 using Tapatalk 2

m00
11-07-2012, 05:50 PM
He is willing to raise taxes.

Wasn't "closing loopholes" part of Romney's tax plan?

Rockntractor
11-07-2012, 08:19 PM
Wasn't "closing loopholes" part of Romney's tax plan?

Does anyone have all night to type posts to this block of cheese? Odie, JB, Adam, anybody?

Retread
11-07-2012, 08:36 PM
Not worth the time...

Zeus
11-07-2012, 08:41 PM
Wasn't "closing loopholes" part of Romney's tax plan?


Does anyone have all night to type posts to this block of cheese? Odie, JB, Adam, anybody?

Well it was and Speaker Boehner must agree with all the economists that agree such a plan would work without raising taxes.

Rockntractor
11-07-2012, 08:51 PM
Well it was and Speaker Boehner must agree with all the economists that agree such a plan would work without raising taxes.

No matter how you want to slice it, removing more revenue from producers by taking away expense deductions etc... and giving the money to the non producers in society is not good for an economy that is hurting for jobs and investment in the manufacturing sector.
Take away my deductions and incentive to grow and you remove any desire I have to produce.
This is all about Obama refusing to spend less and continuing to give his friends and interests a free ride.
Call it what you like, it is taking my investment money and giving it to non productive individuals.

Zeus
11-07-2012, 09:12 PM
No matter how you want to slice it, removing more revenue from producers by taking away expense deductions etc... and giving the money to the non producers in society is not good for an economy that is hurting for jobs and investment in the manufacturing sector.
Take away my deductions and incentive to grow and you remove any desire I have to produce.
This is all about Obama refusing to spend less and continuing to give his friends and interests a free ride.
Call it what you like, it is taking my investment money and giving it to non productive individuals.

Removing deductions while lowering rates made it revenue neutral.

No offense but someone having trouble differentiating between tax revenue & tax rates and deductions isn't doing much in the way of successful investing or producing.

Janice
11-07-2012, 09:12 PM
I shall have to start referring to Boehner as little Barry's side kick. Or Barry Jr. or something...

Rockntractor
11-07-2012, 09:22 PM
Removing deductions while lowering rates made it revenue neutral.

No offense but someone having trouble differentiating between tax revenue & tax rates and deductions isn't doing much in the way of successful investing or producing.

Let me put it in a way you might understand, I don't have your kind of money but the equipment I have I sweated to buy, to you I know nothing but I have three diesel pickups a international flatbed dump that hauls 16 ton, two tractors and a skid steer all of them paid for. The deductions I get allow me to repair what I have and to buy more equipment. It is nothing in your eyes but has made me an honest a decent living for ten years.

NJCardFan
11-07-2012, 09:37 PM
See my thread on Obama's endgame.

Zeus
11-07-2012, 09:46 PM
Let me put it in a way you might understand, I don't have your kind of money but the equipment I have I sweated to buy, to you I know nothing but I have three diesel pickups a international flatbed dump that hauls 16 ton, two tractors and a skid steer all of them paid for. The deductions I get allow me to repair what I have and to buy more equipment. It is nothing in your eyes but has made me an honest a decent living for ten years.

Depreciations are safe. Application, percentages and schedules are what they constantly tinker with.

Rockntractor
11-07-2012, 09:50 PM
See my thread on Obama's endgame.

So much of this is just common sense if you watch what is going on around you, I'm starting to think people that don't know these thing intuitively are just a waste of your time.
Wealth redistribution is one of the main components of socialism and if people choose to deny it is going on they are just pawns in the game.

Odysseus
11-07-2012, 10:26 PM
First, that was Mitt's plan, and it was valid. Cutting rates and removing loopholes was the beginning of a flattening of the tax code, which is a very good policy. As long as Boehner is talking revenues, he's on the right track. At this point, we're probably better off letting Obama raise taxes, if we do it intelligently.

The biggest problem that we have right now is that 47% of Americans pay no income taxes, but expect government services. That 47% is the Democratic baseline, and it's too high a percentage for us to be able to defeat them. They only have to attract 3% of the rest of the electorate to win presidential elections. and with the media acting as the Democratic Ministry of Truth, they'll get it more often than not, no matter how badly the Democrats govern. We just saw proof of this, in the reelection of a president whose record made Jimmy Carter look like George Washington. We need to restructure the game.

Obama wants to raise taxes, so let him raise rates, but only if he expands the base so that some of those moochers end up back on the tax roles. They won't blame the house for that. A rump of Republicans can oppose it, while the Democrats end up supporting it with just enough RINOs to pass it. Harry Reid will push it through the house, and the 47% might shrink down to a more manageable number.

Rockntractor
11-07-2012, 10:33 PM
First, that was Mitt's plan, and it was valid. Cutting rates and removing loopholes was the beginning of a flattening of the tax code, which is a very good policy. As long as Boehner is talking revenues, he's on the right track. At this point, we're probably better off letting Obama raise taxes, if we do it intelligently.

The biggest problem that we have right now is that 47% of Americans pay no income taxes, but expect government services. That 47% is the Democratic baseline, and it's too high a percentage for us to be able to defeat them. They only have to attract 3% of the rest of the electorate to win presidential elections. and with the media acting as the Democratic Ministry of Truth, they'll get it more often than not, no matter how badly the Democrats govern. We just saw proof of this, in the reelection of a president whose record made Jimmy Carter look like George Washington. We need to restructure the game.

Obama wants to raise taxes, so let him raise rates, but only if he expands the base so that some of those moochers end up back on the tax roles. They won't blame the house for that. A rump of Republicans can oppose it, while the Democrats end up supporting it with just enough RINOs to pass it. Harry Reid will push it through the house, and the 47% might shrink down to a more manageable number.

Unfortunately he knows better than that, the 47% have to remain the destination for his money or his plans fall apart, I have full confidence in Boehner being his useful idiot before this is over.

Zeus
11-07-2012, 11:59 PM
Unfortunately he knows better than that, the 47% have to remain the destination for his money or his plans fall apart, I have full confidence in Boehner being his useful idiot before this is over.

What about Boehner's underling that Paul Ryan guy ?

Rockntractor
11-08-2012, 12:04 AM
What about Boehner's underling that Paul Ryan guy ?

I wish they would switch places, I trust his judgement a little more but right now I'm not to happy with any of them. It is all a moot point anyway, we have no say in this government anymore.

Janice
11-08-2012, 12:11 AM
It is all a moot point anyway, we have no say in this government anymore.

And then some.