Heading Logo

Memo to Obama: No deals, be specific on tax plans

Published: November 23, 2012 4:00 AM

No deal, Mr. President. Do not make a deal with the Tea Party Republicans now. Call their bluff. Stare them down. Tell them to go over the cliff and enjoy the ride.

We, the public, get it. The public understands that tax rates should go up for the wealthiest. Look at every poll on earth that matters, Mr. President; you need to tell Speaker Boehner that the time for vagueness is over. Tell him if he wants to have an adult conversation on fiscal negotiations, it's time he puts his cards on the table, face up. Ask him to explain exactly which loopholes he'd like to close.

Mr. President, it's also time for you to announce some specifics of your proposed deal. Start by eliminating the capital gains rate, the tax rate applied to most dividends, stock sales and the infamous carried interest that benefits hedge fund managers. Make it clear this is an essential part of any deal. Capital gains should be taxed as ordinary income.

John Boehner and the Tea Party Republicans continue to repeat their favorite theme -- just close loopholes -- without ever specifying which loopholes, or explaining how it's mathematically possible to close loopholes and raise enough revenue without crushing the middle class. Why no explanation? Simple: It's not mathematically possible.

After four years of sheer obstructionism -- behavior that was called out during the presidential campaign season -- most Americans are pointedly aware of who is willing to further wreck the nation's economy and who would like to rescue it.

Fifty-three percent of the nation believes that if a fiscal agreement isn't reached by New Year's Eve, Republican Tea Party members in Congress are the ones to blame, reports a new Washington Post-Pew Research Center poll. It also reports that 38 percent believe that the president and the Republican Congress will reach a deal.

W. Frank Hairston, Ravenna Township

Rate this article

Do you want to leave a comment?   Please Log In or Register to comment.

anonymous Nov 28, 2012 12:30 AM

What really amazes me though is that after all the jaw-dropping mistakes made by the Republicans during the election cycle, they still insist on acting like idiots. Even though their candidate was decimated, their platform rejected, and the Democrats handed a clear victory by the majority of Americans, they still think they have a mandate to continue attacking the president and obstructing government.~Sanjay Sanghoee

"Democrats should find a VERY strong and well-funded candidate NOW to declare he will be running against Boehner in 2014. Every statement that Boehner makes that reveals him to be an obstructionist ideologue should be carefully--and accurately--catalogued on video, so that instead of a nasty name-calling campaign, Boehner's 2014 opponent can use against him the most powerful weapon available: John Boehner himself."

At least some Republicans may not prove to be intransigents! But Grover, you're being dismissed!

anonymous Nov 26, 2012 12:36 PM

4 years? Pay attention! The democrats controlled both houses and the executive for obama's first 2 years. He got everything he wanted. We got? Yep...unemployment, ever growing taxes, inflation, ever higher energy prices,massive ever growing debt on us,our children, our grandchildren, our great great great great great grandchildren. The cup runnith dry...the demoncrats cannot squeeze any more blood from the taxpayers but they will insist on continuing to spew racist and hate retoric to get their way.