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We know how this is going to end. republicans will have to concede a deal largely on obamas terms and the question is when. >> professor peterson, one is almost tempted to feel sorry for speaker boehner. his party lost the presidential election, they failed to swin the senate, the jobs numbers continue to improve, the president is adamant hes not going to concede over raising taxes. is speaker boehner now on the wrong side of history? >> well, his entire party on a lot of issues is on the wrong ...
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President obama trying to argue the republican plan wouldnt work suggested that the g.o.p. would eliminate charitable deductions altogether. >> if you eliminate charitable deductions, ever hospital and university and non-for profit agency, across the country would find themselves on the verge of collapse. >> destroying every charity in the country as a powerful political argument no republican plan to eliminate the charitable deductions. oddly enough the president himself long favored capping de...
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The tax cuts for the top 2%. this is very clear. mitt romney tried to parse it and say, well, maybe well get revenue from capping deductions. maybe well go after the mortgage interest or some other deductions. that was litigated. they lost. its simple and clear to everyone that 98% of the tax cuts could go through tomorrow, today, any time if boehner got out of the way. but he still has the rejectionists in the lame duck caucus, and i think hes a little afraid the right flank might come at that ...
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Tends not to work when you try to solve the deficit by capping deductions and closing loopholes. but groups like the committee for responsible federal budget say otherwise. they say that eliminating or even limiting tax breaks could raise the same amount of revenue as raising tax rates on highest earni earners. does the math tend not to work, or does the president not want the math to work? >> it depends on how you structure the sentence. if you say closing the loopholes and limiting deductions ...
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