Obama fights loopholes

[Luddly Neddite]

As Obama Confronts Corporate Tax Reform, Past Lessons Suggest Lobbyists Will Fight For Loopholes

As President Obama and congressional leaders confront a March 1 deadline to strike a deal that will reduce the federal budget deficit or otherwise accept automatic spending cuts, Washington now echoes with familiar talk that eliminating tax breaks and closing loopholes presents a simple way to raise revenue.

Obama explicitly advocated that approach during his State of the Union address on Tuesday night. "We should do what leaders in both parties have already suggested, and save hundreds of billions of dollars by getting rid of tax loopholes and deductions for the well-off and well-connected," Obama said. "After all, why would we choose to make deeper cuts to education and Medicare just to protect special interest tax breaks? How is that fair?"

 

[Luddly Neddite]

 

[g5000]

Tax expenditures cost over a trillion dollars a year.

That makes Obamaphones look awfully pale in comparison.

Our federal income tax instructions have gone from the original 15 pages to over 17,000. That's a lot of campaign cash flowing into the 98 percent re-electable American Politburo's coffers for building all those shelters.

 

[OKTexas]

Are you saying your dear leader lied in the SOU speech? Does he really want to tax research instead of investing in it. Hypocrite much? And doing away with a deduction for providing employee parking, won't that hurt the middle class. Once again, hypocrite much?

 

[OriginalShroom]

The thread title is a lie.

Obama isn't fighting anything.

As usual, he is saying something needs to be done, looks at Congress then leaves.

He hasn't pushed Reid and the Senate Controlled Senate to do a damned thing since he was sworn in.

The most active I can remember him in anything that was joke of a bi-partisan meeting where he told the Republicans that they only had 20 minutes to present their ideas while he and the Democrats took over 50.

Of Course Paul Ryan spanked his ass in that meeting, that may be the reason that was the last time he did that.

 

[Mr. H.]

The U.S. government collects roughly $10 billion annually in revenues from oil, gas and minerals on federal lands.

United States | Revenue Watch Institute

Taking away that "Oil and gas exploration deduction" will kill jobs and production, and cost the Feds (and this country) far more than that $2.9 billion in your illustration.

 

[Mr. H.]

In short, Ludd... you're a dud.

 

[Mad Scientist]

Obama can kill American Citizens, but he can't kill Tax Loop Holes?

Maybe he doesn't want to.

 

[Quantum Windbag]

As Obama Confronts Corporate Tax Reform, Past Lessons Suggest Lobbyists Will Fight For Loopholes

As President Obama and congressional leaders confront a March 1 deadline to strike a deal that will reduce the federal budget deficit or otherwise accept automatic spending cuts, Washington now echoes with familiar talk that eliminating tax breaks and closing loopholes presents a simple way to raise revenue.

Obama explicitly advocated that approach during his State of the Union address on Tuesday night. "We should do what leaders in both parties have already suggested, and save hundreds of billions of dollars by getting rid of tax loopholes and deductions for the well-off and well-connected," Obama said. "After all, why would we choose to make deeper cuts to education and Medicare just to protect special interest tax breaks? How is that fair?"

Obama is also fighting a law he fought for, and signed.

Can anyone explain what type of genius would sign a law he now claims is going to devastate the country? Did he not realize how bad it was when he proposed it? Did he not pay attention when all the lefty pundits laid out how bad it would be when it was passed?

 

[GWV5903]

As Obama Confronts Corporate Tax Reform, Past Lessons Suggest Lobbyists Will Fight For Loopholes

As President Obama and congressional leaders confront a March 1 deadline to strike a deal that will reduce the federal budget deficit or otherwise accept automatic spending cuts, Washington now echoes with familiar talk that eliminating tax breaks and closing loopholes presents a simple way to raise revenue.

Obama explicitly advocated that approach during his State of the Union address on Tuesday night. "We should do what leaders in both parties have already suggested, and save hundreds of billions of dollars by getting rid of tax loopholes and deductions for the well-off and well-connected," Obama said. "After all, why would we choose to make deeper cuts to education and Medicare just to protect special interest tax breaks? How is that fair?"

I have a great deal on ocean front property...

Send $10,000 e-money to this PO Box...

There's a Sucker Born Every Minute
PO Box Your a Sucker
Suckerville, AZ 85001

 

[Trajan]

As Obama Confronts Corporate Tax Reform, Past Lessons Suggest Lobbyists Will Fight For Loopholes

As President Obama and congressional leaders confront a March 1 deadline to strike a deal that will reduce the federal budget deficit or otherwise accept automatic spending cuts, Washington now echoes with familiar talk that eliminating tax breaks and closing loopholes presents a simple way to raise revenue.

Obama explicitly advocated that approach during his State of the Union address on Tuesday night. "We should do what leaders in both parties have already suggested, and save hundreds of billions of dollars by getting rid of tax loopholes and deductions for the well-off and well-connected," Obama said. "After all, why would we choose to make deeper cuts to education and Medicare just to protect special interest tax breaks? How is that fair?"

hes so full of shit, I mean how on gods earth can you even buy any of this ...stop reading think progress for god sakes....BBBBBaaaaaaaaaaa


jack lew his new treasury nominee got a 994K check ( underwritten by the US taxpayers) from citibank ( yes the ones that got a huge bailout) for running their CAI division when he left to come to the obama admin., thats a HEDGE fund, that shorted the housing market in 2008 and guess where he had some of it?

The Cayman islands, yup....sounds like Lew is pretty well "connected" to me....


.....so to recap;

then?
Romney+ Cayman $$ =Outage ( according to obama)


now?
Lew + Cayman $$= hacks buying Obamas bullshit