WASHINGTON — House Speaker John A. Boehner of Ohio did not rule out a rise in the top income tax rate below the level President Obama wants, indicating that he has more room to compromise on taxes if the White House comes forward with flexibility in other aspects of deficit negotiations.
‘‘There are a lot of things that are possible to come from revenue, if the president seizes the opportunity,’’ Boehner said when asked about a top tax rate increase short of the 39.6 percent level of the Clinton-era tax code. ‘‘But none of it is going to be possible if the president insists on ‘my way or the highway.’ ’’
Comments
“We’re going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary, and that’s crazy. It’s time we stopped it.” … “What we’re trying to move against is institutionalized unfairness. We want to see that everyone pays their fair share, and no one gets a free ride. Our reasons? It’s good for society when we all know that no one is manipulating the system to their advantage because they’re rich and powerful.”
—Ronald Reagan
The Washington Post Co. will pay its 2013 dividends before the end of this year to try to spare investors from anticipated tax increases. -
tax rates have no impact on behavior.
ESF - -Obama is not proposing to close loopholes, this time
Just keep kicking that strawman.
A man who lottery officials announced Friday has claimed his half of the $587.5 million Powerball jackpot, decided to collect the winnings now and not next year because of the financial uncertainty posed by the nation’s ongoing financial impasse.
http://www.forbes.com/sites/peterferrara/2012/12/06/why-america-is-going-to-miss-the-bush-tax-cuts/