White House says Obama would veto Republican tax cut


 

Chicago Tribune

Comment by Jim Campbell

It’s impossible to drive any sense into the mind of a Marxist. Obama’s threat, one of many will surely further hurt a failing economy, while helping bring the end to his reign of economic terror and woeful leadership the last 3 1/2 years. 

If one were to hit each member of the administration over the head with a sledge-hammer it would result in nothing.  Expecting any change would be an admission that they had functioning brains, which they don’t, just an ideological agenda.

That’s my story and I’m sticking to it, I’m J.C. and I approve this message.

U.S. President Barack Obama makes a statement announcing a plan to crack down on manipulation in oil markets, in the Rose Garden of the White House in Washington, April 17, 2012. REUTERS/Jason Reed

WASHINGTON | Tue Apr 17, 2012 4:25pm EDT

The White House said on Tuesday that President Barack Obama would veto a small business tax cut proposal by Republicans in the House of Representatives that his Democrats complain is biased toward helping the rich.

( Yep let’s crush small business,’ the major creator of jobs in America.  It would help the rich? Oh I almost forgot, many small business owners bring in over a million dollars yet file with the IRS as individuals, yes we must crush them comrade. Sorry Obama you are a complete moron. )

A partisan fight over the bill, which is set to come up for a vote on Thursday, mirrors a wider election-year battle between Obama and his likely Republican challenger Mitt Romney over tax policy and how best to grow the U.S. economy and shrink huge federal budget deficits.

 

It also follows the failure of the Democratic-controlled Senate on Monday to advance Obama’s “Buffett Rule” legislation, named after billionaire Warren Buffett, to impose a minimum 30 percent income tax on millionaires.

The Republican bill would give a one-year, 20-percent tax deduction on business income to owners of businesses with fewer than 500 employees. Republicans portray that tax cut as one for small businesses, a group they say the Buffett Rule will harm.

Democrats say the group that would gain the most includes wealthy lawyers and consultants.

“Independent non-partisan analyses confirm that 49 percent of the bill’s benefits would go to taxpayers making more than $1 million per year,” the White House said in a statement.

The bill faces stiff opposition in the Democratic-controlled Senate, making it unlikely to ever make it to Obama’s desk. But the White House said that if it did, the president’s senior advisers “would recommend that he veto the bill.”

(Reporting By Alister Bull; Editing by Eric Walsh)

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4 responses to “White House says Obama would veto Republican tax cut

  1. The President: “Drop the Keystone Project demand”. Will the President now hold back seniors social security and veterans disability pay like before to get his way? What a loser and crybaby!

    http://therealrevo.com/blog/?p=72367

  2. Yes, the presidential impostor WILL veto “anything and everything” that would help this nation. The democrats complain “this tax cut will take away $46 billion in remene”! Ok, the Keystone XL pipeline is “tied” to this very bill- – if “approved”, the Keystone, alone, WOULD CREATE MORE THAN $90 BILLION IN REVENUE! That would MORE THAN make up for the “business tax relief” the GOP is TRYING to capture. Believe me when I tell you “small business owners” are NOT wealthy! Before retirement, I WAS a business owner and if you are any kind of “business person”, you try to GROW the business, NOT your wallet!

  3. Just a PS-I could go into very lengthy detail, about “growing your business”, but it shouldn’t be necessary if you have any concept of economics!

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