Obama Urges Congress To Pass Tax Deal

Pass tax cut or we will all pay more: Obama to Dems
President Obama Saturday called on Democratic lawmakers to pass a Republican-backed tax-cut deal, telling them it would keep America's recovery on track. In his weekly radio address, the President said without the proposal's approval, more than 1 million jobs could be lost nationwide and families would face tax hikes in the new year. "If Congress doesn't act, Tax Rates will automatically go up for just about everyone in our country," he said yesterday. "That's unacceptable to me." The deal ext...

Obama tells Congress, American people passing tax deal will help middle class
President Barack Obama used his weekly radio address on Saturday to urge Congress to pass the Bush Tax Cut Compromise or else Middle Class families would see their taxes increase. Since President Obama announced the plan he has been working to convince the American People and his Democratic allies that this was the best deal that could get through Congress at this time to ensure Middle Class famillies did not see their taxes increase on Jan. 1. He said even though he did not think it was accepta...

What Will Obama's Tax Deal Do For Investors?
The biggest question many investors are asking about President Obama's Compromise Tax Cut deal is how it will benefit The Economy. But if those investors are hoping for a consensus answer from the watchers at Wall Street's securities firms, they won't be getting one any time soon: So far, there is little agreement about what the stimulative effects of the deal will be, or which parts of the Compromise should get the credit if GDP growth improves. Bernie Williams, a money manager at USAA Funds,...

Obama defends tax cut deal in weekly address
Well, we all knew this was coming, right? Tax Cut deal! So we hammered out a deal that reflects ideas from both sides. It wasn’t easy, and it’s by no means perfect. And as with any Compromise, everybody had to live with elements they didn’t like. But this is a good deal for the American People. The vast majority of the tax cuts in this plan will help the Middle Class, including a new cut in Payroll taxes that will save the average family about $1,000. And as this plan is debat...

Right-wing pundits all too happy to help Democrats tear each other apart over Obama's tax-cut deal
-- by Dave Probably the most aggravating aspect of President Obama's deal with the devil hostage-takers of the Republican Party is the way both the act itself -- and Obama's churlish spurning of the people who elected him at yesterday's Press Conference -- has been the opening it has created for the crass opportunists of the right-wing pundit class. Guys like Sean Hannity, whose greatest aspiration of the past couple years has been to separate Obama from his supporters, have b...

The real reason Obama switched gears [Reader Post]
Posted by: DrJohn @ 6:00 am in Barack Obama, Baracks Broken Promises, Michelle Obama, Obama Euphoric-Rapture Syndrome, Obamanomics, Politics, WtF? In what has to be one of the most stunning turnarounds of all political time, Barack Obama struck a deal with Republicans to extend the Bush era Tax Cuts (until the next election). In so doing, he has alienated much of his base: For the first time since his party’s drubbing in last month’s election, and arguably for the first time on a ma...

Axelrod predicts passage of tax cuts legislation
WASHINGTON (AP) - White House adviser David Axelrod is predicting that President Barack Obama's tax-cut deal with Republicans will pass Congress by year's end. A test vote in the Senate is set for Monday on Legislation that would avert a Jan. 1 increase in income taxes for nearly all Americans. The package faces a tougher sell in the House, where Democrats have voted not to allow it to reach the floor without changes to scale back tax relief for the rich. Axelrod tells CNN's "State of the Unio...

Obama takes credit for compromise (Politico)
President Barack Obama reprised his defense of his Tax Cut Compromise with Republicans in his weekly address on Saturday, arguing that the fate of Middle Class families — and the still-fragile Economic Recovery — is at stake as lawmakers consider the proposal. “The opportunity for families to send their kids to college hinges on this debate,” Obama said. “And our recovery will be strengthened or weakened based on the choice that now rests with Congress.” The...

Rep.-Elect Kristi Noem Delivers Republican Weekly Address (Video)
Republicans chose Representative-Elect Kristi Noem (R-SD) to deliver the Weekly Republican Address on creating jobs, cutting spending, and the Pledge to America. Noem will represent South Dakota in the 112th Congress. She has yet to join the U.S. House, but South Dakota Congresswoman-elect Kristi Noem nabbed a nice honor today. Noem, who defeated six-year Democrat Stephanie Herseth Sandlin, today will deliver the weekly Republican address, an honor that rotates among high-profile GOP members. &#...

Contact Your Representitives RIGHT NOW on the Tax Breaks for the Wealthiest 1%
What this was really mainly about (in the author's opinion), was not just the blatantly corrupt Tax Breaks for the wealthiest 1% of America. It is about the wrong path this country has taken for the last several decades. It was about the destruction of our Manufacturing sector, the great and alarmingly growing changes in the Distribution of Wealth, about the growth of Poverty in America. It is about the total ignoring of our crumbling infrastructure, of the "mysteriously disappearing" green en...

Axelrod predicts passage of tax cuts legislation
A test vote in the Senate is set for Monday on Legislation that would avert a Jan. 1 increase in income taxes for nearly all Americans President Barack Obama, accompanied by former President Bill Clinton, speaks briefly in the briefing room of the White House in Washington, Friday, Dec. 10, before giving the microphone to Clinton, where he talked about Obama's urging of the Congress to move on the tax Compromise he made with Republican congressional leaders. ...

Eugene Robinson - Democrats have no choice but to accept an irresponsible tax deal
Approve the lousy deal. It pains me to write those words, because the agreement President Obama negotiated with Republicans on Tax Cuts is really quite awful. I know that some Progressives have come to see the package as a cleverly disguised "second stimulus," but they're just rationalizing. The fact is that nobody would start from scratch and design an economic boost offering so little bang for so many bucks. This Story Swindle of the year Democrats have no choice but to accept an...

Social Security advocates fear payroll tax cut
WASHINGTON (AP) - President Barack Obama's plan to cut Payroll taxes for a year would provide big savings for many workers. But Social Security advocates are nervous that it could jeopardize the Retirement program's finances. The plan is part of a Tax Cut and extended Unemployment Benefits package that Obama negotiated with Senate Republican leaders. It would trim workers' share of Social Security taxes by nearly one-third for 2011. Workers making $50,000 in wages would get a $1,000 tax cut; th...

Obama: Tax cut deal worth passage, not perfect
Stumble This! President Barack Obama calls his tax-cut agreement with Republicans far from perfect but a good deal overall for Americans, while acknowledging that many fellow Democrats aren't happy about what he negotiated with the GOP. Pressing for passage by year's end, he told lawmakers in his radio and Internet address Saturday that "our recovery will be strengthened or weakened based on the choice that now rests with Congress." The deal would extend for all earners cuts in Income Tax rates...

Liberal Democrat Calls Obamas Tax Cut Compromise Not Acceptable
A growing number of House Democrats are refusing to back President Obama's Tax Cut Compromise. Rep. Peter Welch, D-Vt., sent a letter to House Speaker Nancy Pelosi this week, calling the proposal "fiscally irresponsible" and "grossly unfair." More than fifty House Democrats signed on. On Thursday, the House Democratic Caucus voted to reject the Tax Cut deal. Rep. Jim McDermott, D-Wash., told Fox News on Saturday that "The proposal that the president and the Republicans worked out is not acceptab...

The Tax Cut Compromise - What Do You Think?
It is not for the so called 99'ers although many are misstating that. This is for the millions who have lost their jobs in the past year/year and a half whose benefits have stopped. They are not dropping 800,000 jobs a week as they once were but they are nowhere near a comfort zone of less than 400,000 jobs per week not to mention only 36,000 jobs created in Nov. ITS A WELFARE BILL BECAUSE IT GIVES Tax CreditS TO PEOPLE WHO DONT PAY TAXES. I have not been able to find out the exact provisions of...

White House expects Congress to pass tax plan
WASHINGTON (Reuters) - White House adviser David Axelrod said on Sunday he expected the House of Representatives to vote on President Barack Obama's tax deal with Republicans "and that it will prevail there." The Senate is expected to pass plan this week but many Democrats in the House have complained that Obama made too many concessions to Republicans in the deal. "We believe that when it comes back to the House that we will get a vote and it will prevail there," Axelrod said on CNN's "State of...

Social Security Advocates Fear Payroll Tax Cut
Like this Story? Share it: (AP) President Barack Obama's plan to cut Payroll taxes for a year would provide big savings for many workers but makes Social Security advocates nervous that it could jeopardize the Retirement program's finances. The plan is part of a package of Tax Cuts and extended Unemployment Benefits that Mr. Obama negotiated with Senate Republican leaders. It would cut workers' share of Social Security taxes by nearly one-third for 2011. Workers making $50,000 in wages would ge...

Social Security advocates fear payroll tax cut
WASHINGTON— President Barack Obama’s plan to cut Payroll taxes for a year would provide big savings for many workers but makes Social Security advocates nervous that it could jeopardize the Retirement program’s finances. The plan is part of a package of Tax Cuts and extended Unemployment Benefits that Obama negotiated with Senate Republican leaders. It would cut workers’ share of Social Security taxes by nearly one-third for 2011. Workers making $50,000 in wages woul...

It Just Gets Better and Better to Be Rich In America
What a great week to be rich in America! On Monday, President Obama compromised with the Republicans on extending the Bush Tax Cuts, leaving no Millionaires or Billionaires behind. By Thursday, a generous estate-tax exemption was heaped onto the deal, permitting wealthy couples to leave up to $10 million to their families without needing to pay a single cent in tax. Gee, thanks, grandpa! So thoughtful of you! Both moves are certain to further concentrate wealth in the hands of fewer and fewer ve...

Pences Presidential Penses
Get alerts when there is a new article that might interest you. It may be startling to imagine the American presidency as a train that “has run off the rails.” But that’s the metaphor Indiana Republican Mike Pence chose in a speech he gave at Hillsdale College on September 20 titled “The Presidency and the Constitution.” Elected last month to his sixth term in the House of Representatives, Pence also delivered a version of the speech in mid November to the Federalis...

The New Stimulus That Isnt
The natter coming out of the White House these days is that the tax package just negotiated with the Republicans will act as a mini-stimulus that will give The Economy an added boost in 2011 as the last of he $700 billion stimulus measure passed in 2009 expires. If the White House crowd actually believes this, along with its other problems, it has a counting problem. Virtually none of this tax stimulus is actually new, The Bush-era Tax Cuts, for both Middle Class and upper Income Tax payers, h...

Some Public Workers to Lose a Tax Benefit in Deal
More bad news for government workers. At a time when state and Local Governments across the country are imposing Furloughs and layoffs, and President Obama has frozen pay for federal employees, it turns out that one of the few groups to face higher federal taxes next year may be Public Sector employees. The proposal to extend the Bush-era Tax Breaks unveiled by Mr. Obama this week would offer a Tax Cut for most Americans. The deal would end the Making Work Pay credit, which gave a tax reductio...

Come Saturday Morning: Reasons to Fight the Obama/GOP Poor Tax
Why should we be melting down our phones telling our Senators and Congresscritters “Hell NO!” on this turkey? Let us count the reasons: - The poorer you are, the more of your disposable income you’re prone to spend. The richer you are, the more likely you are to sock it away somewhere. This is why a stimulus that mainly benefits the poor is far better for The Economy as a whole than one that mainly benefits the rich. Yet the Tax Cut framework actually forces poor people...

Roe: Tax deal will help small businesses create jobs
There's been a lot of Controversy this week regarding President Obama's decision to extend the Bush Tax Cuts. It's angered some Democrats and appeased some Republicans, but everyone seems to have an opinion -- including Rep. Phil Roe (TN). He published an op/ed in the Daily Caller today. Please see the following excerpt: This week, President Obama and Republican negotiators announced a deal that will extend all of the 2001 and 2003 tax cuts for two years while also extending Unemployment benefit...