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Pelosi and Reid Have Obama’s Back: No Social Security Cuts and Taxes Must be Raised on the Rich
By: Jason EasleyNov. 18th, 2012more from Jason Easley
Both Democratic leaders in the Senate have President Obama’s back on the fiscal cliff. Harry Reid and Nancy Pelosi are both emphatic about the wealthy paying more taxes, and no cuts being made to Social Security.
On ABC’s This Week Nancy Pelosi stood by the president’s insistence that the rich by made to pay their fair share.
Here is a video clip from ABC News:
Pelosi said, “Well, no, I mean, the president made it very clear in his campaign that there is not enough — there are not enough resources. What you just described is a formula and a blueprint for hampering our future. You cannot go forward — you have to cut some investments. If you cut too many, you’re hampering growth, you’re hampering education, our investments for the future. If it’s going to bring in revenue, the president has been very clear that the higher income people have to pay their fair share.”
Meanwhile, Senate Majority Leader Harry Reid has been making it crystal clear that any deal that cuts Social Security will not pass the Senate. Reid said, “I’ve made it very clear. I’ve told anyone that will listen, including everyone in the White House, including the president, that I am not going to be part of having Social Security as part of these talks relating to this deficit.”
If congressional Democrats are unified, President Obama’s hand to play in these negotiations grows even stronger. One of the problems in the two previous negotiations with congressional Republicans was that the Democratic side of the Senate was divided. Too many senators, including Reid himself, put their own reelection first. Harry Reid weakened Obama’s hand previous by actively looking to cut a deal, even if that deal was bad for Democrats.
Obama has gone from being viewed as toxic to the reelection hopes of congressional Democrats to being a twice elected president who oversaw unexpected gains in the Senate and House. The president has set the agenda on this issue, and congressional Democrats are getting in line behind him. Democrats may be even more unified than they were after the 2008 election. The infighting that with came control of both the House and Senate is gone.
People who worry that Obama is going to “cave” in these negotiations don’t seem to understand that every negotiation is different. Political climates change, and leverage shifts. Obama and the Democrats have all the leverage. They can do nothing and get what they want. It is the Republican signature issue of the Bush tax cuts that is on the line this time.
This isn’t 2010. It looks like Democrats are unified, and out to make Republicans pay a high price for their negotiating tactics of the past.
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The Worden Report
Nov. 18th, 2012 at 12:04 pm
To be sure, closing loopholes on the rich would be insufficient on the revenue side to reducing the deficit enough. However, to use “going over the cliff” rhetoric is bit.ly/WahTvT
Shiva (Moderator)
Nov. 18th, 2012 at 12:09 pm
it’s going to take a lot more than one thing to solve this problem. Closing loopholes is a very good start. Personally I am all for dropping all deductions whatsoever. No loopholes no hiding money overseas no nothing. Everyone’s tax rate would drop dramatically. The country would have enough money to pay its bills, maintain a surplus in case we ever get another Republican in office that wants to kill off some more brown skinned people
clarence swinney
Nov. 18th, 2012 at 12:36 pm
I keep reading comments over and over naming Democrats as big spenders and taxers.
Individual Income–top incomes pay most but how much of income is key.
2009 Individual Income Taxes
top10%=paid 18% Tax Rate–got 43% total individual income AGI.
top 25%=paid14.68% Tax Rate–got 65.8% total individual income
top 50%=paid12.5% Tax Rate–got 86.5% of total individual income.
70,000,000 workers got 13.5%–paid 1.85%
A 35% Effective Tax on top 10% will balance our budget in 2013 fiscal year
Spenders—-Reagan increased spending by 80% and Bush II by 90%
Debt–+189% under Reagan and 112% (doubled) under Bush II
Jobs–Carter + Clinton got 222,000 per month
Reagan + Two Bushes got 99,000 but added 9000B to a 1000B Debt.
Obama is projected to increase spending by 2-8%. Lowest since Great Depression
Bush left with 3520 Billion spent in 2009
Obama 2013 budget calls for 3800 but may be lower.
clarence swinney
political historian–lifeaholics of america
author-Lifeaholic–Success by working for a life not just a living
Burlington NC
Anne
Nov. 18th, 2012 at 2:44 pm
It’s encouraging that Senator Reid and Rep. Pelosi are on the president’s side. He will need all the allies he can muster because there are still Congressional members who didn’t get the memo that their policies which include continuing tax cuts for the wealthy were rejected on November 6th. Because of that, they still want to persist in their obstructionism. As I’ve said before, I hope he holds their feet to the fire and leave them with no choice except to do the right thing.