Rep. Tom Cole (R-OK)
Today on MSNBC, leading House Republican Rep. Tom Cole (R-OK) said that Obama’s tax deal — that extends tax cuts even for people making $30,000 a month and enacts a weaker estate tax than otherwise would’ve gone into law — has resulted in the President giving away all his leverage:
TOM COLE: Again, I would prefer not to raise taxes on anybody. But we protected almost every American. We did it at a higher income level than the President campaigned on. And again, frankly, we’ve denied him I think his most important piece of leverage in any negotiation going forward.Ai??So I particularly like that part. I understand unemployment extension. I prefer, you know, a more focused effort in that regard. But we do have parts of the country where that’s necessary and it’s a fair compromise. The entitlement issue, just too much to deal with I think in one piece of legislation. But again, still sequester is in front of us. The continuing resolution runs out the end of march and obviously the debt ceiling. All of those things honestly are Republican leverage not Democratic so I think there will be opportunities to deal with the spending issue next year. Honestly I expect that will be the dominant issue along with trying to overhaul the tax code going forward. So that’s usually pretty good ground for Republicans.
Watch it:
Also note that Cole says he specifically thinks that now that Obama has given away his leverage, Republicans can go after “entitlements” — meaning Medicare and Social Security benefits — during the debt ceiling and sequester negotiations.
Obviously, the Congressman knows his chamber better than I do. Still, I think he may find himself very much surprised come March. As they say, the devil is in the details. The American people are not going to forget who brought us to this point — and it wasn’t the President or his party.
I think Obama intentionally gave away some of his leverage because he really wants cover to do some of the same things that the GOP wants to to (i.e protect defense spending, cuts social programs) Now that he has taken the leverage of the tax issue off the table and tied the spending cuts to the debt ceiling debate he will act like he had no choice/options.
And Obama has already signalled the wants to fast track corporate tax reform which means allowing corporate CEOs to write their ticket
Reduce tax i s compromisse solution:
Universal Movement of Consciousness by Edson Udson (all rights reserved)
A great movement for peace, love and freedom around of the world, but to obtain results and do solve problems as poverty, abuses and violence is necessary “union” and “good will” translated in a simple word…”love”. Respecting and preserving the nature or combating differences as racism, sexuality or culture and accepting any kind of love, no discriminating anyone in anywhere for anything. I believe it be possible…because love, respect and freedom are all of good.
for worldwide children
I really feel sorry for the Rich they don’t have enough money. And the middle class we have to much MONEY why not start a movement to give some of our MONEY TO THE RICH THEY WILL FEEL BETTER. YOU KNOW.
F*UCK these economic terrorists!!! They mess with Social Security, Medicare and Medicaid and they will die tryin’! I’m talking politically.