Obama: Republicans Must Bend on Tax Hikes
President says eliminating breaks for ultra-wealthy isn't 'radical'
By John Johnson, Newser Staff
Posted Jun 29, 2011 11:27 AM CDT
President Obama speaks during a news conference in the East Room of the White House Wednesday.   (Getty Images)

(Newser) – President Obama entered the deficit/debt war of words today in a wide-ranging press conference and laid into the GOP with what the Washington Post calls his toughest language yet. He said congressional Republicans have to "take on their sacred cows" and agree to scrap tax breaks for the ultra-rich and oil companies. He also said lawmakers would have to start canceling their summer vacations if a deal isn't struck soon, but he sounded confident that a default would be avoided, notes the New York Times.

“It would be hard for Republicans to stand there and say that the tax break for corporate jets is sufficiently important that we’re not willing to come to the table and get a deal done,” he said. “What we’ve seen in negotiations here in Washington is a lot of people say a lot of things to satisfy their base or to get on cable news.” On two other issues of note:

  • Gay marriage: He praised New York's legalization but didn't say whether his own personal opposition to same-sex marriage had changed. “I think we are moving in a direction of greater equality, and I think that’s a good thing" is as far as he would go.
  • Libya: He reiterated that US action doesn't fall under the War Powers Act: “We have engaged in a limited operation to help a lot of people against one of the worst tyrants in the world. This suddenly becomes the cause célèbre for some folks in Congress? C’mon.”

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Momsbam
Jun 30, 2011 12:29 PM CDT
For anyone who thinks that Reagan and both Bushes didn't create this mess please take a look at the following: http://zfacts.com/p/1170.html. It explains quite clearly why we are in the mess we are in over the debt. For anyone contemplating voting republican in 2012 this is a must read. It shows why tax cuts for the rich have never worked and never will. The cuts enacted by Reagan and Bush did far more harm than good and anyone who thinks otherwise should have their heads examined. Anyone who votes for the republicans in 2012 and their voodoo economics apparently wants this country and it's economy to fail. Obama's being blamed for increasing the debt significantly but when you break it down a big part of the increase in the debt since he was elected is due to the interest tacked onto the debt that Bush left. When you break down his actual spending, not interest, he fares much better than Bush.
tomodachi
Jun 29, 2011 10:22 PM CDT
1) The corporate-whore republicans (GWB) created the second worst economic downfall in US history. 2) GWB did this (partly) by giving the ultra-rich a huge tax rate cut. 3) The most recent economic boom was just BEFORE GWB 4) GWB not only wasted WJC's historic SURPLUS but he went completely to the other end of the chart and destroyed our economy to an inch of total destruction. If you're not blaming GWB for this... you're a gullible fool.
Non-deep-thinker
Jun 29, 2011 9:50 PM CDT
I thought we went over this before. Taxing the "ultra-wealthy" at a 100% wouldn't put a dent in the disasater he's presiding over. Therefore blaming them is just more way to turn the language inside out in the hopes that the voters swallow this charade at the same frequency as the trolls.