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Tag Archives: fiscal cliff

Republicans Have a Good Laugh Over Obama Budget Offer

Republicans leaders today signalled they are not the least bit interested in President Obama’s proposal to temporarily put off the March 1 fiscal cliff with some spending cuts and tax increases.

In a sign the GOP plans to start playing a little rough and damn a few of the public relations torpedoes, top Republicans asserted today that Obama will not be taken seriously until he addresses spending in a somewhat more sober matter.

“I’m flabbergasted,” House Armed Services Committee Chairman Buck McKeon told POLITICO ahead of the president’s speech. “Until he addresses the real problem, which is mandatory spending, he’s just whistling in the wind.

House Speaker John Boehner also prebutted Obama’s remarks, made early this afternoon in the White House briefing room, seeming to suggest that entitlement cuts – the only kind that can get the nation to a balanced budget – must be on the table instead of quick fixes.

“The president’s sequester should be replaced with spending cuts and reforms that will start us on the path to balancing the budget in 10 years,” he said.

Obama in his remarks prescribed a mix of tax increases and spending cuts to kick the problem down the road a little further. The president desperately wants to get budget issues off the table so he can focus on his top priority, immigration reform.

“So if Congress can’t act immediately on a bigger package, if they can’t get a bigger package done by the time the sequester is scheduled to go into effect, then I believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until Congress finds a way to replace these cuts with a smarter solution,” he said.

BTW, tax reform apparently now means tax increases in the White House lexicon.

Rep. Dave Camp of Michigan, the GOP chairman of the tax writing committee, released a statement rejecting Obama’s suggestion that taxes be raised.

“Tax reform should be about making the code simpler and fairer for American families and helping employers create more jobs,” he said. “The president’s proposal is nothing more than another tax hike to pay for more Washington spending. That is not what America needs.”

Obama to Call for Fiscal Cliff Delay

President Obama will call for a small package of spending cuts and tax increases to delay going over the next fiscal cliff. The automatic, across the board cuts were delayed from their previous due date at the beginning of this year and are now scheduled to take effect March 1. Obama will announce his proposal… Continue Reading

Top Ten Reasons 85 Republicans Backed the Fiscal Cliff Bill

After extensive interviews in the Speaker’s lobby just off the floor of the House, White House Dossier was able to ascertain why 85 House Republicans voted for Fiscal cliff legislation that raised taxes but did almost nothing to cut spending. What follows, based on these interviews, are the top ten reasons why some Republicans supported… Continue Reading

Obama Uses Autopen to Sign Fiscal Cliff Bill

President Obama used his autopen late Wednesday to sign the Fiscal Cliff bill, a move that will raise questions in the minds of some about whether the legislation and the massive tax increases included in it have actually become law. Obama was forced to use the autopen – by which a machine puts his signature… Continue Reading

Obama Vows More Tax Increases

President Obama this morning pocketed the Republican concessions on tax hikes included in the Fiscal Cliff deal and promised that it was only the beginning of new taxation to be assessed on the American people. Obama, who appeared in the White House briefing room Tuesday night to hail the deal, made clear to Republicans that… Continue Reading

Republicans Continue to Cave

I love the reporting we’re seeing on the Fiscal Cliff. About what you’d expect. For the most part, it describes Democrats as being “flexible” by increasing the amount of income that won’t be subject to a tax increase. And the press seems to be accepting the Democratic line that Republicans are trying to just ruin… Continue Reading

Is Obama About to Roll Over the GOP?

You have to hand it to President Obama. He appears to be on the path to obtaining his tax increase on the rich and spending cuts that may never materialize, all while fitting in his Hawaii vacation. Republicans, after failing to pass John Boehner-crafted legislation to raise taxes on those making more than $1 million,… Continue Reading

Obama Calls for Limited Tax Deal to Avoid Fiscal Cliff

President Obama today called on Congress to reach a deal that would raise taxes without including wide ranging spending cuts, saying Republicans must pass what they agree with Democrats on – protecting the middle class from having its tax rates increase. “There is absolutely no reason – none – not to protect  (middle class) Americans… Continue Reading

Lacking Votes, Boehner Pulls Plan B

Faced with a rebellion from conservatives, Speaker Boehner decided not to put to a vote his “Plan B” bill raising taxes on those making more $1 million, and he sent House members home until after Christmas. This is being portrayed as a big victory for President Obama, but I’m not so sure. Obama now knows… Continue Reading

Obama Invokes Newtown Massacre in Fiscal Cliff Debate

President Obama today said the massacre in Newtown, Connecticut last week should give Republicans a sense of “perspective” that would allow them to abandon what he suggested was an entirely politically-motivated opposition to his proposals for a deal on the fiscal cliff. “If there’s one thing we should have after this week, it should be… Continue Reading

Boehner and Obama Meeting Yet Again

They’re at the White House talking fiscal cliff, another face to face meeting. Maybe Obama is getting eager to leave for Hawaii. Boehner should arrive wearing a lei and poi-scented cologne just to provide a reminder of what could be. Then again, Boehner is the one who seems to be caving. Maybe he has exotic… Continue Reading

Obama and Boehner Meet Again

President Obama and Speaker Boehner met in the Oval Office this evening to discuss the fiscal cliff. According to Politico, the meeting was convened at the request of Obama, lasted 50 minutes, and was also attended by Treasury Secretary Geithner. With little progress in the talks, Boehner had decided to return to Ohio for the… Continue Reading