Page 31 - Loop Holes News Today

Attend why not? , mitt romney and herman cain gave speeches. they were not in the iowa gala but rick san torum and michelle bachmann and rick perry and ron paul faced the caucus goers. >> cut taxes. take out the loop holes. cut the federal spend balance the budget by 20-20 and a balanced budget amendmentom --. >> for each program, we have in the government, i have been looking at them one by one. is this program so critical, so essential that we should borrow money from china to pay for it? romn...

Trade organization to fight to keep jobs in america. were not playing offense or defense in partnership. >> were also seeing, governor, that the right wing, the republican crowd, are more extreme and inflectionibxible t weve ever seen. i want to show you something a little surprising to me. i want to show you a president of this united states that says lets be fair to working people and make the wealthy pay their share. let me show you what this president had to say. >> were going to close the u...

Rate? >> reverend sharpton, youre exactly right. those are the many programs he will announce tonight. programs that have historically received bipartisan support and also importantly programs that he intends to pay for. next week he will send legislation up to congress and set forth the details of his american jobs act as well as the companion source of funding to pay for it. we think we can close loop holes. we think that we can increase the burden on those who can most afford it, the wealthy ...

Able to pay for this by closing loop holes and by those that have benefitted the most to do their share. so the republicans have kept this whole argument going, saying how do we pay for this? you are saying we can pay for it by dealing with corporate loop holes and by everybody paying more of their share in the economy? >> absolutely. as i said a moment ago, the president will detail all of that in the bill that he will send up to congress next week and this evening he will call on them to act a...

Whether corporate or individual tax rate. he will close up loop holes to get the spending through congress and that makes it heard to achieve tax reform for which there is bipartisan support. >> what are the prospects of getting it through the house. republicans like tax cuts. whether or not they are good or effective. >> certainly not the whole package. theya will pick and choose. house response was a political maneuver, because basically the president was saying i want to do it for the america...

[ cheers and applause ] >> did you see those hands? its like they were being asked, do you support ronald reagan? after all the talk of political brinksmanship, that simmage says it all. to appeal to the tea party, republicans would reject a deal that offers 90% of what they want. hows that for brinkmanship. even the main stream candidates are forced to disevow policies they used in the past. for example mitt romney raised $2 0432 million on fee hikes on things like marriage licenses and gun per...

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An economy that is still in the gravitational pull of this great recession, and it does not spell fairness. >> mark, you know how to talk to republicans. quickly before we go, tell me how you would explain to an anti-tax republican why we need tax revenue in the longer run. >> well, i dont think were going to get to the $4 trillion in deficit reduction that we need without it, and i think reducing tax expenditures, those are the loop holes in the tax code, is something that everyone can get on b...

Trillion in additional revenues, which could, accomplished without hiking tax rates but could simply be accomplished by eliminating loop holes. eliminating some deductions. and engaging in tax reform process that could have lowered rates generally while broadening the base. so let me reiterate what we were offering. we were offering a deal that called for as much discretionary savings as the gang of six. we were calling for taxes that were less than what the gang of six had proposed. and we were...