Political Headlines December 3, 2012: Speaker John Boehner Counters Barack Obama Deficit-Cutting Deal With ‘Credible Plan’

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Boehner Counters Obama Deficit-Cutting Deal With ‘Credible Plan’

Source: ABC News Radio, 12-11-12

Chris Maddaloni/CQ-Roll Call

[ CLICK TO SEE A COPY OF BOEHNER’S LETTER TO THE PRESIDENT ]

House Speaker John Boehner on Monday sent President Obama a counter-proposal on how to cut the deficit that he called a “credible plan” to break the stalemate in negotiations to keep the country from going off the “fiscal cliff.”

In the plan, Republicans offer a total of $2.2 trillion in deficit reduction over the next decade. That would give lawmakers enough savings to off-set $1.2 trillion in automatic cuts set to take effect Jan. 2, 2013, but senior Republican aides said it does not explicitly include an offer to address the standoff over whether the president or Congress should have power over debt limit increases. The GOP deal offers $800 billion in new revenue through tax reform, but Boehner insist that tax rates should not go up on the top 2 percent of taxpayers….READ MORE

White House communications director Dan Pfeiffer issued the following statement Monday afternoon, saying the GOP proposal does not “meet the test of balance.”

The Republican letter released today does not meet the test of balance. In fact, it actually promises to lower rates for the wealthy and sticks the middle class with the bill. Their plan includes nothing new and provides no details on which deductions they would eliminate, which loopholes they will close or which Medicare savings they would achieve. Independent analysts who have looked at plans like this one have concluded that middle class taxes will have to go up to pay for lower rates for millionaires and billionaires.  While the President is willing to compromise to get a significant, balanced deal and believes that compromise is readily available to Congress, he is not willing to compromise on the principles of fairness and balance that include asking the wealthiest to pay higher rates.  President Obama believes – and the American people agree – that the economy works best when it is grown from the middle out, not from the top down.  Until the Republicans in Congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won’t be able to achieve a significant, balanced approach to reduce our deficit our nation needs.

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Full Text Obama Presidency December 3, 2012: President Obama Answers #My2k Questions on Twitter — Fiscal Cliff Twitter Interview Transcript

POLITICAL BUZZ

OBAMA PRESIDENCY & THE 112TH CONGRESS:

President Obama Answers #My2k Questions on Twitter

Source: WH, 12-3-12

President Obama participates in a live Twitter #My2k chat, Dec. 3, 2012. President Barack Obama participates in a Twitter #My2k live question and answer session in the Roosevelt Room of the White House, Dec. 3, 2012. (Official White House Photo by Pete Souza)

[ READ THE FULL TWITTER Q&A HERE ]

[View the story “President Obama Answers #My2k Questions on Twitter” on Storify]

If Congress doesn’t act, a typical middle-class family will see their taxes go up by about $2,000. Last week, President Obama began calling on Americans to make their voices heard and share what $2,000 means to families across the country.

And today, the President connected directly with the Americans who are speaking out about these tax cuts. During a live Twitter Q&A from the Roosevelt Room of the White House, President Obama explained why Congress must act and encouraged people around the country to continue to add their voices to the debate.

Those from whom we heard today are just a few of the people speaking out. Since last week, we’ve heard from over 300,000 people on this issue (with more than 200,000 #My2k tweets and over 100,000 stories submitted on whitehouse.gov). Make sure your voice is heard. Tell us what $2,000 means to you on WhiteHouse.gov/my2k and on Twitter with #My2k.

We know this kind of action has real power. A year ago, during another big fight to protect middle class families, tens of thousands of working Americans called and tweeted and emailed to make their voices heard. The same thing happened earlier this year when college students across the country stood up and demanded that Congress keep rates low on student loans. When the American people speak out they help get things done in Washington — and the President is once again asking the American people to add their voices to this effort.

Political Headlines December 3, 2012: President Barack Obama on Twitter Discusses Fiscal Cliff & Confronts Skeptics of Tax Hike for Rich

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Obama on Twitter Confronts Skeptics of Tax Hike for Rich

Source: ABC News Radio, 12-3-12

Official White House Photo by Pete Souza

[ READ THE FULL TWITTER Q&A HERE ]

With talks to resolve the “fiscal cliff” at an impasse, President Obama on Monday used Twitter to respond directly to skeptics of his plan to hike income tax rates on the wealthiest 2 percent of Americans at the end of the year.

Obama asserted — through a series of 144-character Tweets sent from his Apple MacBook inside the White House — that “high end tax cuts do least for economic growth” and sharply curtailing government spending hurts the middle class….READ MORE

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