The 2014 '30 Under 30'

Congrats to this year's 30 -- check out the full list here!

Obama: Taxes are gonna go up one way or another

In a pre-taped interview with ABC News anchor Barbara Walters, President Barack Obama reiterated on Tuesday that he would not accept a deal to avert the the “fiscal cliff” that did not include raising taxes.

After Walters asked Obama to predict whether or not he was “gonna be able to raise taxes,” Obama told the veteran news anchor that, “Oh, taxes are gonna go up one way or another.”

“Oh, are they,” Walters said bemusedly.

“And I think the key is to make sure the taxes go up on high end individuals like you and me, Barbara – we can afford it.” Obama continued.

On Monday, Obama said in a speech at Daimler Detroit Diesel in Redford, Mich. that he “won’t compromise” on raising taxes on raising taxes on Americans he believes are rich.

The President  is more or less correct that taxes are going up one way or another. Either the pre-negotiated sequestration will occur, and as a result taxes will go up on all Americans, or Republicans will agree to raise taxes on families making more than $250,ooo a year, because Obama has made it clear that he is not going sign legislation that does not include a tax hike of some sort.

Speaker of the House John Boehner has conceded that taxes are going to have to go up on the rich if Republicans want to save the majority of Americans from facing tax increases.

“We have got to cut spending and I believe it is appropriate to put revenues on the table,” Boehner told reporters last week. “Now, the revenues that we are putting on the table are going to come from guess who? The rich.”

It is not yet known what tax increases Republicans’ latest plan, which they sent to the President early Tuesday evening, includes and on whom the taxes would be levied and how much they would be expected to pay.

Obama seemed confident in the interview, which aired tonight on “World News with Diane Sawyer,” that he would be able to come to agreement with Republicans in Congress before the Jan. 1 deadline despite the fact that they do not seem anywhere close to making a deal.

“It is entirely possible for us to come up with a deal,” he said. “But time is running short.”

 

 

 

 

Comments

Comments

  1. Teresa Marquz says:

    The electrol votes elected the president, and apparently they agree with increasing taxes and government fees, also California passed Prop 30 a blank check to governemnt without representation. The Los Angeles Unified School Distric (lausd) is failing to educate the Latino and Blacks low income communities, and use those pictures of poverty of the same Latinos and Blacks to ask ang beg for money, yet they are selling the schools to Charters Schools, after they have spend our tax dollars in remodeling and upgrading old schools. The Charters School or Private Partnership to do answer to taxepayers or communities, and they do not take Special Needs that will bring their API score down, they pick the elite, racist yes, non american, yes, Hitlers way yes.

Polititainment

Actor: Obama needs to 'grow some'

Actor David Boreanaz tweeted Wednesday evening that Obama needs to "grow some" and more effectively and authoritatively deal with Russian President Vladimir Putin and his country's recent interference in Ukraine.

Gyllenhaal no longer believes in Obama
President Barack Obama has always been popular with the Hollywood crowd, but at least one of his most vocal champions and heavy donors has changed her mind about the president. Academy Award-nominee Maggie Gyllenhaal told Time Magazine that she has grown disillusioned with Obama. “I really believed in him, and I’m not sure what he […]
Jay Carney: Obama can make friends

Former White House press secretary Jay Carney appeared on "The Late Show" Wednesday to discuss his departure from President Obama's White House.

Obama channels Chris Rock

Discussing a tax loophole that businesses exploit in order to avoid paying United States taxes, the president made a distinction between that which isn't right and that which just "ain't right."

Colbert mocks Palin for Internet channel

In an attempt to mock Sarah Palin for her recently launched Internet television channel, Stephen Colbert on Tuesday's episode of "The Colbert Report" introduced his own competing web show called "Stephen Colbert's Angry Echo Chamber."

White House

CIA: Yeah, we totally spied on the Senate, after all

An internal CIA investigation confirmed charges that the agency wrongfully hacked into a computer network used by the Senate Intelligence Committee, it was reported Thursday.

New emails reveal Lois Lerner talked way too much smack about right wing on official phone

An email exchange between Lois Lerner and an unnamed individual made public Wednesday reveals that the former IRS official doesn't care too much for talk radio.

Fact check needed on Obama’s Kansas City speech, states with minimum wage increases didn’t see higher job growth
It’s time for a fact check on the president’s latest proclamation about the need for an increase to the minimum wage. President Barack Obama continued his tour across America Wednesday with a speech on the economy in Kansas City, Miss. and meals with more letter writers. Per usual, Obama brought up his attempts to bring […]
Golfer finds Obama’s golf ball in the woods, says president’s game is ‘off line’
President Barack Obama is “off line again.” Or at least his golf game appears to be. Instagram user larrydoh posted a picture of a Titleist 44 golf ball labeled “POTUS” on Saturday. He found the golf ball at the Congressional Country Club, one day after POTUS played the same course himself. “Obama played at Congressional […]
Polls: Obama White House incompetent at managing, worse than Darth Vader

The job of the administrative branch is to, well, administer the laws. According to a new Fox News poll released on Wednesday, most Americans think that the Obama administration is failing dismally at the task.

Congress

Rubio and Cruz break rank on border bills
Two likely candidates for the 2016 Republican presidential nomination have broke with their party on immigration issues in the last week, earning the approval of Democrats, but drawing criticism from the right. Sen. Ted Cruz (R- Texas) irked many in the GOP when he met with House Republicans, urging them to vote against a proposed […]
Dem. Rep. forgot she cosponsored Bush impeachment
Impeachment talk has gotten some Democrats so riled up they’ve forgotten their history. Rep. Sheila Jackson Lee, (D – Texas) argued on Wednesday that Republican efforts to sue President Barack Obama were only a “veiled attempt at impeachment.” She tried to claim the moral high ground, saying that Democrats never attempted to impeach President George […]
Suing Obama: GOP-led House gives the go-ahead

WASHINGTON (AP) — A sharply divided House approved a Republican plan Wednesday to launch a campaign-season lawsuit against President Barack Obama, accusing him of exceeding the bounds of his constitutional authority.

DWS admits Obama is not doing his job
We never thought we would say this, but Rep. Debbie Wasserman Schultz just said something we actually agree with. Moments before the House vote on a lawsuit against President Barack Obama, Schultz appeared on MSNBC and admitted that Obama hasn’t been doing his job. “I’m going to go to the House floor and actually debate why […]
Cruz provides motivation to youth in speech

Sen. Ted Cruz (R-Texas) provided motivation to an audience of students from across the country Tuesday, saying that young people have been behind almost “every significant change” in human history.