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URL:  http://boards.fool.com/i-remember-when-the-whole-bush-tax-cuts-expiring-30544784.aspx

Subject:  Re: Guess Who's Back? Date:  2/15/2013  3:59 PM
Author:  2828 Number:  671687 of 741771

I remember when the whole Bush Tax cuts expiring thing was going down and Boehner offered to close loopholes instead of raising tax rates and Obama said no, he said he'd veto anything that didn't raise taxes directly.-coolcat

Except that Boehner never put forth legislation or any specific statements that specified which those loopholes would be closed. Everyone knows doing so would be political suicide.

regarding the rest of this thread, blah, blah, blah, blah, blah, blah, admire wealthy people, blah, blah, blah, blah, blah.

Socioeconomic gestalt, blah, blah, blah, blah, blah, blah, 1970's, blah, blah, blah, blah, blah, fair share.
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Riiiiight, exactly. Obama said he would veto anything that didn't raise tax rates because he was worried about Boehner and the republicans committing political suicide. Sorry, there were ideas put out there and Obama pre-emptively vetoed it, like capping deductions at a certain amount among other things.

Here's how democrats play it, if a republican comes up with ideas for revenue without raising tax rates then the democrats say he's wasting everyones time because the president will veto it anyway, as he said he would.

If the republicans don't come up with any ideas for closing loopholes because the president would veto it anyway then they didn't put anything on the table.

In conclusion, meh.
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