Obama would hike taxes to pay for his jobs bill -

[jefferson_dem]

Obama would hike taxes to pay for his jobs bill
By ERICA WERNER - Associated Press

WASHINGTON (AP) — In a sharp challenge to the GOP, President Barack Obama proposed paying for his costly new jobs plan Monday with tax hikes that Republicans have already rejected, and he accused them of political motives if they still refuse to go along.

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The payment method the White House announced Monday would consist of:

—$405 billion from limiting the itemized deductions for charitable contributions and other deductions that can be taken by individuals making over $200,000 a year and families making over $250,000;

—$41 billion from closing loopholes for oil and gas companies;

—$18 billion from requiring fund managers to pay higher taxes on certain income;

—$3 billion from changing the tax treatment of corporate jets.

White House Budget Director Jacob Lew said that Obama will also include those tax proposals in a broader debt-cutting package he plans to submit next week to a congressional "supercommittee" charged with finding $1.2 trillion in savings later this year. He said that the supercommittee would have the option of accepting the payment mechanisms for the jobs bill proposed by Obama, or proposing new ones.

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http://news.yahoo.com/obama-hike-taxes-pay-jobs-bill-200510620.html

[Avalux]

1. Why can't the news clarify taxes "on the wealthy" so it's not misinterpreted?

The idiots will read the title and think he wants to hike taxes on everyone.

[DFab420]

2. Yes, but then we wouldn't be able to stir said idiots into a frenzy of hilarious ODS posts....

[mtnsnake]

3. He could have let Bush's tax cuts expire, but he didn't

and look where that brilliant move got him. Now he'll have to fight tooth and nail to make up for all that lost revenue, not that he really will. The wealthy have continued to get wealthier at everyone else's expense. If he can cave to Republicans on something as simple as letting the horrendous Bush tax cuts expire, then how can anyone expect him not to do the same on this deal the minute that the repukes start screaming about it?

[DFab420]

4. He also could've let unemployement benefits expire. But he didn't..so fuck him for helping them!!

YARGHLE BARGLE!!!

[TomCADem]

5. Tax Cuts To The Rich Versus Jobs - What Will The American People Support?

Also, will they hold Republicans accountable?