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President Obama talks taxes, fiscal cliff and Petraeus in postelection news conference

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  • killpack Sandy, UT
    Nov. 15, 2012 10:39 a.m.

    @non believer

    By CRS do you mean Congress' propaganda unit? Why should I give any credence to that? You know, everyone keeps saying that it's been 'proven' that tax cuts don't create economic growth. Even if that were true (though I'm not sure how you could prove something like that) to say that the wealthy don't respond negatively to increased taxes goes against every basic economic principle. Wealthy people, when their incentives to continue to do business in this country are taken away, are simply not going to do business in this country anymore. Look how many people are getting fired. Look how many hours are being cut. Look how many businesses are moving overseas. It's epidemic. To say that raising taxes does not adversely affect our economy is to ignore basic economic theories backed by plenty of recent news headlines, however anecdotal.

  • Tolstoy salt lake, UT
    Nov. 15, 2012 9:41 a.m.

    @3grandslams

    if there are such obvious lies then surely you have some actual evidence (not just more conspiracy theories) to support your assertions right? lets see them.

  • non believer PARK CITY, UT
    Nov. 15, 2012 9:39 a.m.

    To BYU Fan 1993

    CRS is well-known for analysis that is authoritative, confidential, objective and nonpartisan. Its highest priority is to ensure that Congress has 24/7 access to the nation’s best thinking.

    In September they released a report documenting the fact that reducing taxes on the wealthy does not, in fact, generate economic growth. Instead, the CRS found, the trickle-down model appears to be "associated with the increasing concentration of income at the top.

  • killpack Sandy, UT
    Nov. 15, 2012 8:54 a.m.

    Say No to BO,

    $86 billion is the best case scenario. Likely, if taxes are raised on the wealthy, they'll just do what they normally do when their taxes are raised: hire more accountants, lawyers and politicians to get them out of paying. Either that or they'll keep moving their money and business overseas. Taxing the wealthy is a plan meant to fail. The middle class is who President Obama had in mind all along to pay for his bailouts and handouts. This is why the middle class overwhelmingly voted against him and why welfare recipients and the super wealthy, like Warren Buffet, Bill Gates, Jay Z, Beyonce, etc. voted for him.

  • 3grandslams Iowa City, IA
    Nov. 15, 2012 7:32 a.m.

    It's really time the media did it's job, the very thing they were given the privilege of free press for, expose the incredibly obvious lies we are being told about Benghazi. The more the press is silent the more they look like accomplices. Where's "deepthroat" when we need him?

  • Say No to BO Mapleton, UT
    Nov. 15, 2012 7:11 a.m.

    Obama's rhetoric never changes. We can recite it from memory. "I am asking that the wealthiest 3% of Americans pay a little bit more." "A little bit more," turns out to be quite a bit when you increase the capital gains, inheritance and income tax.
    But from a Washington standpoint, it's only $86 billion. That might seem like a big sum, but we gave $4.2 billion away last year to children of illegal aliens in the form of child tax credits. And some of those children have NEVER lived in the United States at all!
    So, we can dump that $86 billion down the rabbit hole in DC...or keep it in our economy in the form of savings, investment and purchases by the wealthy.

  • The Deuce Livermore, CA
    Nov. 14, 2012 11:31 p.m.

    I believe that America just voted "Forward" over the cliff if I am not mistaken.

  • spring street SALT LAKE CITY, UT
    Nov. 14, 2012 9:26 p.m.

    from the article earlier to day in the DN by ken thomas "Asked if he viewed it as a deal-breaker if Republicans refused to allow the top tax rate to revert to 39.6 percent from the current 35 percent, he said, 'I just want to emphasize I am open to new ideas if the Republican counterparts or some Democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn't getting hit, reduces our deficit.'"

  • Third try screen name Mapleton, UT
    Nov. 14, 2012 8:49 p.m.

    Note that we saw this play last year, with the original cast. How can we expect it to end differently?
    Obama will be defiant about a tax increase for the wealthy. (Cut it where you want, but it will be something the 99%ers will be pleased with.)
    And the GOP will say no.
    The "compromise" will be that the economy is too sick to tolerate a tax increase or budget cuts and they will figure out a way to delay taking substantial action for another couple of years. (It's funny how these deadlines seem to lag behind the election cycle.)

  • lost in DC West Jordan, UT
    Nov. 14, 2012 7:46 p.m.

    Tolstoy,
    VST's comment is supported by the article. I don't why you say a line in the sand is not a line in the sand. I don't know HOW you can honestly say he is open to compromise when he has drawn a line in the sand.

    Maybe you don't know what it means to draw a line in the sand.

  • killpack Sandy, UT
    Nov. 14, 2012 6:05 p.m.

    Lol, has he addressed the petitions to secede yet? I think they've reached 25K by now.

  • David Centerville, UT
    Nov. 14, 2012 5:26 p.m.

    Obama's insistence on taxing the rich is simply a political one. It accomplishes little. A much greater effect would be to restructure our tax system, broaden the tax base, eliminate deductions, and even lower the tax rates. This would result in greater revenue to the treasury and introduce a fairness that has been absent for decades. Taxing the rich doesn't even come close to reducing our annual deficit and balancing the budget.

  • patriot Cedar Hills, UT
    Nov. 14, 2012 4:44 p.m.

    Better get the ole parachute out - dust it off and strap it on because we are going over the edge of the cliff? Never fear - Barack is willing to compromise...well maybe not but he is proposing new additional taxes!! At least that is different than before! The man has one gear - forward - which isn't the gear you want when you are on the edge of a cliff!!!

  • Tolstoy salt lake, UT
    Nov. 14, 2012 4:28 p.m.

    @VST
    second page fifth paragraph of this article, "Obama said he was 'open to new ideas" but would not allow current tax rates to continue for the top 2 percent of wage earners, drawing a line for Republicans who say they will not tolerate any tax rate increases. Asked if the tax rates for the rich had to return to Clinton-era levels, Obama indicated he was open to negotiations."

    Standing by your comment does not change the content of the article.

  • FT salt lake city, UT
    Nov. 14, 2012 3:36 p.m.

    Let the sausage making begin.

  • Pack Layton, Utah
    Nov. 14, 2012 2:57 p.m.

    There is one simple solution, a federal flat tax with no deductions and no refunds. Then everybody and every business pays the same percentage of their income. If the individual is receiving government assistance, they will have to pay a flat tax on their income. No matter what the source of income is, it would be taxed the same for everybody. It would be fair and would save our economy. A flat tax would help us get out of debt.

  • byufan1993 Provo, , UT
    Nov. 14, 2012 2:55 p.m.

    Non believer

    Sorry but you said it has been proven false once and for all? Care to provide some sources on that? It's easy to make such a blanket statement. Harder yet to hold it up

  • Tolstoy salt lake, UT
    Nov. 14, 2012 2:47 p.m.

    @vst and third try

    try actually reading the entire article before commenting. Yes he said the current taxes breaks must end for the highest earners but that he is willing to negotiate how and by how much taxes need to be raised, He has also clearly indicated he thinks there should be cuts to spending something that the republicans have been demanding. So now the ball is in republicans court are they even willing to consider negations or are they going or remain the party of no?

  • non believer PARK CITY, UT
    Nov. 14, 2012 2:31 p.m.

    To VST

    Where has the GOP compromised on this same issue? 2/3rd of Americans say this is fair! It is going to take tax increases, reduced spending (cutting programs) and finding additional revenue sources to get our deficeit under control. There is also the fact that tax cuts to the wealthy do not creat jobs or revenue. So trickle down has been proven false once and for all!

    Where would you start?

  • Third try screen name Mapleton, UT
    Nov. 14, 2012 1:29 p.m.

    See, that wasn't too hard, was it? Presidents should hold regular press conferences with questions and answers, even difficult ones.

    @VST - Obama's just satisfying his 99% friends. He knows that poking job creators in the eye is a foolish thing to do, especially when the payback is so small. He doesn't understand that business can and will go where taxes are low and labor is cheap.