Obama Hoping for ‘Tax Now, Cut Later’ Fiscal Deal
Democrats are hoping Republicans will fall for their “tax now, cut later” plan to raise taxes now to pay for their irresponsible spending with promises to cut spending later.
The Politico reported:
Listen to top Democrats and Republicans talk on camera, and it sounds like they could not be further apart on a year-end tax-and-spending deal — a down payment on a $4 trillion grand bargain.
But behind the scenes, top officials who have been involved in the talks for many months say the contours of a deal — including the size of tax hikes and spending cuts it will most likely contain — are starting to take shape…
…There is no chance taxes are not going up for people making north of $250,000 — and virtually no chance that doesn’t include their tax rates, too.
Republicans publicly say they are opposed to rate hikes — but privately they know they are going up, if not all the way to the Clinton-era 39.6 percent, then darn close…
…Officials familiar with the White House position say Obama plans zero flexibility on his insistence on a higher tax rate for top earners. He plans to take what one aide called a “trust but verify” position: He will insist on a higher rate in the year-end deal. Then next year, during tax-reform negotiations, “the onus will be on Republicans to propose something that raises the same amount of revenue,” the aide said. “He’s going to pocket their rate hike on the top two brackets at first, and then he’s going to say to them in the 2013 process that we set up: If you think you can realize these same revenues in a different way, prove it to me.”
Will Republicans really fall for this liberal ruse?
** Call John Boehner and your representative and tell them – No Obama tax hikes! – (202) 225-0600