Originally Posted by alnorth
Obama was not shy about raising taxes, it was one of the centerpieces of his campaign. Thats what the people voted for, and he has the mandate. The Republicans would have lost the house too if they did not have the enormous advantage of redistricting following the 2010 wave.
If the GOP wont budge from letting the top bracket go to Clinton-era rates, then Obama will probably let the tax cuts expire, and THEN talk about tax cuts with the GOP.
The Republicans have no leverage. Zero, none whatsoever.
He wasn't shy about raising taxes on the rich. I mean of course people will vote for someone else footing the bill. Look what happened in CA, they voted for tax increase but those who voted for it voted for others to pay for it. That's called corruption. Socialism corrupts the people.
There are just not enough wealthy to pay for it all. Everyone should pay something down to the lowest level. That would lead to real reform in all the spending. Well, except for the Fed reducing everyone's paychecks which helps the rich and hurts everyone else. This is what creates the wider income gap too.