Gds44's Blog

Shoving Us Over the Fiscal Cliff: Obama Blocks Tax Reform – Tea Party Nation.

Posted by Seton Motley

Note: This first appeared in the PJ Tatler.

 

President Barack Obama’s scant involvement with the Fiscal Cliff negotiations has been limited to his rigid insistence that the tax rate on the nation’s job creators be raised from 35% to 39.6%.

 

Tax reform – as a general principle and a way to raise revenue – is a presidential non-starter.

 

Now.  Last year, the president said this:

 

“What we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking taxestax rates — but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base.”

 

Funny, that’s what House Speaker John Boehnerjust proposed

View original post 593 more words