Connect with us
The President and his press secretary didn't mince words. Those corporate jet owners have to pay up.

archive

White House to Push Bush Tax Cuts Repeal in Super Committee

The President and his press secretary didn’t mince words. Those corporate jet owners have to pay up.

Although neither the President nor Press Secretary Jay Carney specifically said so during their respective remarks at the White House yesterday, the hints they gave were so strong as to be obvious:  The administration is going to once again push for repeal of the Bush-era tax cuts for the highest wage-earners before the “super committee” in Congress crafts the next stage of the debt-reduction package.

In his appearance at the White House to address the downgrade of the U.S. credit rating by Standard and Poor’s, President Obama told White House correspondents (whom he kept waiting for nearly fifty minutes), “There’s not much further we can cut in either of those categories. What we need to do now is combine those spending cuts with two additional steps: tax reform that will ask those who can afford it to pay their fair share and modest adjustments to health care programs like Medicare.” 

To those of us who have covered Obama for the past few weeks, this was just a toned-down version of his repeated calls for higher taxes on “owners of corporate jets,” “authors of best-selling books” and other euphemisms for Americans who earn over $250,000 a year annually.  In other words, signs are obvious he will call for the repeal of the Bush-era tax cuts on the highest wage-earners.
In his briefing for reporters after the President’s remarks, Carney also threw out several strong hints that the movement for repeal would be revived by the White House.

“We are not reinventing the wheel here,” Carney told us, citing “significant contributions” to the debt-ceiling debate from former Congressional Budget Office Director Alice Rivlin, and the bipartisan Simpson-Bowles Commission (both of which recommended tax increases).  Carney also recalled reports that, on the eve of the deal between White House and U.S. House weeks ago that was never realized, John Boehner was willing to support “$800 billion in revenue.”  According to Carney, those were “the speaker’s own words”—before Boehner backed away from the deal and told reporters that he could not go along with the administration’s insistence on a tax increase.

After the President devoted much of his remarks to attacking the Standard and Poor’s downgrade, Carney quoted its reasons for the downgrade, which included “the unwillingness of the Republicans for the need to accept revenue increases.”

You get the picture.  The Obama White House lost Round 1 in the fight to secure ending the Bush tax cuts on the highest wage-earners in the debt-ceiling package.  Yesterday, it signaled the start of Round 2.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

John Gizzi has come to be known as â??the man who knows everyone in Washingtonâ? and, indeed, many of those who hold elected positions and in party leadership roles throughout the United States. With his daily access to the White House as a correspondent, Mr. Gizzi offers readers the inside scoop on whatâ??s going on in the nationâ??s capital. He is the author of a number of popular Human Events features, such as â??Gizzi on Politicsâ? and spotlights of key political races around the country. Gizzi also is the host of â??Gizziâ??s America,â? video interviews that appear on HumanEvents.com. Gizzi got his start at Human Events in 1979 after graduating from Fairfield University in Connecticut and then working for the Travis County (Tex.) Tax Assessor. He has appeared on hundreds of radio and TV shows, including Fox News Channel, C-SPAN, America's Voice,The Jim Bohannon Show, Fox 5, WUSA 9, America's Radio News Network and is also a frequent contributor to the BBC -- and has appeared on France24 TV and German Radio. He is a past president of the Georgetown Kiwanis Club, past member of the St. Matthew's Cathedral's Parish Council, and secretary of the West End Friends of the Library. He is a recipient of the William A. Rusher Award for Journalistic Excellence and was named Journalist of the Year by the Conservative Political Action Conference in 2002. John Gizzi is also a credentialed correspondent at the World Bank and the International Monetary Fund. He has questioned two IMF managing directors, Dominique Strauss-Kahn and Christine LaGarde, and has become friends with international correspondents worldwide. Johnâ??s email is JGizzi@EaglePub.Com

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement
Advertisement

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern’s ‘Borderless’

FOREIGN AFFAIRS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Lauren Southern’s Borderless Deleted By YouTube. ENOUGH.

U.S. POLITICS

EuroParl Elects: Brexit Booms, Le Pen Beats Macron, Salvini Surges… Greens Gain!?

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter