Tagged: tax expenditures

23:20 • 1 year ago

We give money away to a few people at the expense of the many.

GOP Senator Lindsay Graham • Pushing to close tax loopholes that benefit upper-income earners. While it seems obvious (to most) that we ought to close tax loopholes, Republicans in Congress have, for the most part, resolutely opposed any modification of the tax code that brings in additional revenue. To hear a prominent Republican say something like this is a faint glimmer of hope that maybe—and that’s a big maybe— Republicans will bend a bit on revenues; this could, in turn, translate into a deal to raise the debt-ceiling. Which would be nice. source (via • follow)

22:34 • 1 year ago

Tags: barack obama budget bush tax cuts debt debt ceiling default deficit eric cantor John Boehner obama president obama republicans revenues tax expenditures taxes 47 • Permalink

I’ve reached my limit. This may bring my presidency down, but I will not yield on this.

President Obama • Toward the end of a budget meeting with Republicans. It’s not clear what policy he won’t yield on, but from the texture of the debate thus far, we’re guessing it’s the inclusion of revenue increases in the deal to raise the debt-ceiling.source (via • follow)

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Tagged: tax expenditures

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