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Old 11-14-2012, 10:23 PM   #55
dirk digler dirk digler is offline
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Join Date: Jul 2003
Location: Clinton, MO
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I don't know if that statement is entirely correct in regards to the business taxes.

Quote:
Jay Carney, the White House press secretary, provided a bit of good news this afternoon to those worried about painful compromises ahead in the negotiations over the fiscal cliff. President Obama, he said, still wants $1.6 trillion in new tax revenue (over a decade) in any package to reduce the deficit.

That’s almost impossible to achieve without raising rates on high incomes. Reverting to Clinton-era rates on incomes greater than $250,000 would raise $1 trillion; the rest could come from capping deductions, the method Republicans prefer but which would be insufficient alone.
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