Obama In 2011: We Can Raise $1.2 Trillion In Revenues Without Raising Tax Rates
According to the current narrative promoted by Obama supporters, Republicans are a bunch of obstructionist plutocrats because they won’t agree to raise tax rates. But in 2011, President Obama himself said that we could raise $1.2 trillion in revenues without increasing rates.
I think it’s a little silly how caught up we are in raising revenues through rate increases or closing/capping deductions. One method might be superior to another in the margins, but at the end of the day more revenues means more money out of the pockets of Americans and into the coffers of government. No matter how you do it, we pay more.
That being said, can we stop pretending as though Republicans are extremists because they don’t want to raise tax rates? In 2011, before the election, Obama thought raising revenues through closing/capping deductions was a reasonable course. Republicans think it’s a reasonable course now.
Why won’t Obama seek this common ground we’re told he wants so much?Tags: Barack Obama, deficits, national debt