Obama wants to offer a small reduction in corporate taxes in exchange for flattening taxes, but at INCREASED overall rate, with all kinds of ideas for more spending. What kind of a moron would honestly offer such a deal? Certainly not an attribute of a politician wishing to express sentience towards the middle class.
Obviously it isn’t going to fly, so it’s clearly a political ploy to make it look like he is negotiating, and trying to be reasonable, with no fear of actually being taken up on it. Yet another example of what a sleazy politician Obama is.
1. Everyone realizes corporate taxes need to come down, so the US can remain competitive, and bring companies and jobs (and revenue) to the US. The only reason democrats haven’t done it already is they spent so much time demonizing corporations and how little taxes they pay. So that has become politically difficult for them now.
2. EVERYONE, all sides of the political spectrum, knows the tax code is unfair and needs to be flattened and simplified. The reason it needs to be revenue neutral, is that both sides can sign on without a big political price to pay. Democrats won’t do it if rates go down, while Republicans won’t if the rates go up.
3. Debt and spending are a separate issue, and shouldn’t be tied to doing what both sides agree needs to happen. Obama is a shitty president, because he could get this done, if he were a proper leader, instead of just another partisan hack, only interested in screwing Republicans. He’s like a bad tooth that just needs to be pulled, so we can get on with improving the economy.
Yet more bad ideas from Obama. What a nauseating period we are having to suffer through.