Reports show the president previously supported the GOP approach to tax reform. Why not now?
Tag: Fix the Tax Code
On Fox News Sunday, Speaker John Boehner said Republicans have offered a balanced approach to averting the fiscal cliff but the president is "not being serious about coming to an agreement." Boehner says the White House is holding tax increases over the heads of the middle class while demanding more spending and tax rate hikes that will hurt small businesses.
Just 15 miles down the road from the president's rally is a small business that can’t afford to pay the higher tax rates he demands.
Three weeks after Republicans outlined a balanced, popular framework for averting the fiscal cliff by cutting spending and reforming our tax code, the White House finally made its offer: a spectacularly unserious grab bag of tax rate hikes, ‘stimulus’-style spending, and other Democratic pipe dreams.
House Speaker John Boehner (R-OH) and Republican leaders today met with Erskine Bowles and the “Fix the Debt” coalition to discuss a balanced framework for averting the fiscal cliff.
In an effort to avert the “fiscal cliff” without hurting our economy, Republicans have offered to accept new revenue demanded by Democrats if it comes from tax reform and is tied to needed spending cuts. But an increasing number of Democrats seem uninterested in working together, resisting sensible spending cuts or threatening to drive us off the cliff altogether. And people are starting to notice:
A majority of the American people in a new survey supports the Republican approach to avoiding the fiscal cliff – reforming the tax code by eliminating special interest loopholes and cutting spending – over the Democratic plan to raise tax rates and hurt our economy.
“A ‘balanced’ approach isn’t balanced if it means we increase the amount of money coming into the coffers of government, but we don’t cut spending and address entitlements at the same time,” said Speaker Boehner. “We’re asking [President Obama] to make good on his ‘balanced’ approach” – and to tell the American people what spending cuts he’s willing to make.
A new Gallup survey out today shows a strong majority of Americans favor simplifying the tax code by lowering rates and closing loopholes (70%), saving our biggest entitlement programs (88%), and making needed spending cuts (72%). This is the framework for averting the fiscal cliff outlined by Speaker John Boehner and supported by a growing number of people on both sides of the aisle.
While President Obama was meeting with big business CEOs today, the Washington Post says small businesses – the ones facing the fiscal cliff’s tax rate hikes – are concerned the administration is pushing “policies that protect big companies while
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