Mortgage Grapevine

Political: Boehner ready to cave on taxes....



http://www.bloomberg.com/news/2012-11-07/boehner-would-accept-new-revenue-under-right-conditions-.html


GOP hand wringing will cause early onset arthritis



by Dr. Branker November 7, 2012 4:10 PM


they should already have carpal tunnel for jacking us around the last 4 years.


by LOANMAN November 7, 2012 4:19 PM


LM, it takes two to cause gridlock and a stalemate, both have to be rigid in their refusals to concede.

The part Doc left out:

"U.S. House Speaker John Boehner said Republicans would be willing to agree to new revenue from a tax system that would generate faster economic growth and be accompanied by changes to entitlement programs.
---
“The president must be willing to reduce spending and shore up entitlement programs that are the primary drivers of our debt,” he said."

Nothing new, nothing's changed. No concessions, back where we were.

To quote the Talking Heads:
"Same as it ever was."
by Lex Parsimoniae November 7, 2012 5:03 PM



Lex, the dems plan to amend the filibuster...no concessions will be necessary.

http://www.dailykos.com/story/2012/11/07/1158154/-Mitch-McConnell-offers-a-helpful-reminder-of-why-Senate-Democrats-must-reform-the-filibuster-now


and I didn't leave anything out. It was in the article I posted. I emphasize some things...and other things I don't

Hand Wringing and more, is coming...the GOP will be backed into a corner and the dems know it.




by Dr. Branker November 7, 2012 5:16 PM


Doc, you realize filibuster is moot if it can't pass the house.

No hand wringing, no position changes,
same issues -cut entitlements, cut loopholes including the mortgage interest deduction among others, no cuts to the military, etc.

Where do you see any capitulation?
by Lex Parsimoniae November 7, 2012 6:28 PM


LEX

wow, he has seen the light

only took 4 years for mr. teary eyes to come around.
by LOANMAN November 7, 2012 6:45 PM


LM, what light? He's holding the same position he had before. Again, nothing changed.

Density is thick on this thread.
by Lex Parsimoniae November 7, 2012 7:20 PM


before wasn't it NO new revenue... I probably made that up


by LOANMAN November 7, 2012 8:43 PM


I think Boener was prodded into this we're ready to talk position as the writing may be on the wall for the midterms. A lot can happen between now and then but the GOP and dams both née to be willing to compromise. We may not like the changes. But there is a shift in this country and the outlook for the GOP is bleak if they stay behind the line in the sand on taxes.
by Dr. Branker November 7, 2012 9:18 PM


they should already have carpal tunnel for jacking us around the last 4 years.


by LOANMAN November 7, 2012 4:19 PM

__________________________________________

Odd..I thought the Democrats had a supermajority the first 2 years...hard for the GOP to cause gridlock under those circumstances….already re-writing history?
by UrNot2Bright November 7, 2012 9:24 PM


hey I was just running with the arthritis joke
by LOANMAN November 7, 2012 10:31 PM


LM, Boehner saying he's for raising revenue as long as it's through eliminating tax deductions and loopholes (note: no rate increases) coupled with entitlement reform to the democrats is like Palestine saying they are all for peace with Israel as long as they can kill all the Jews.
by Lex Parsimoniae November 8, 2012 3:44 AM


that what he says NOW
by LOANMAN November 8, 2012 8:17 AM


That's what was on the video, several times.

Seriously, you can come out of the tank now,
Obama won.


by Lex Parsimoniae November 8, 2012 8:53 AM


So Obama won on raising taxes on the top and the GOP will compromise but only if done their way closing loopholes which was Romney's plan?

More blocking attempts but not this time.


by Concerned American November 8, 2012 12:30 PM


It will end up an increase for those earning over 1 million (as pelosi, hillary, etc were for) as a concession so Obama can claim he taxed the evil rich.

Loopholes will be closed, but EIC, Child Tax Credit and the mortgage deduction (which is just plain silly) will be upheld.

All that will happen next year though, there will be a modified agreement and a punt into the spring.

My point to LM, and I glad you agree, is Boehner said nothing new. Same position he had prior to the sequestration agreement.
by Lex Parsimoniae November 8, 2012 1:01 PM


where is the quid pro quo?

boehner and the house will not give up the house w/out something in return.

why can't obama reach across?didn't
he indicate this in acceptance speech?

by dblbogey2 November 8, 2012 1:19 PM


LEX

I meant that he said no new revenue period

closing loopholes is new revenue and you know it.


if you've been giving a customer a 20% discount since they started doing business with you and you decide to no longer offer that discount and they keep buying from you....did your revenue increase?
by LOANMAN November 8, 2012 2:41 PM


LM, Boehner has never been against raising any form of revenue.

"House Speaker John Boehner said Thursday that any bipartisan agreement reached by the congressional deficit-reduction supercommittee will need to include some new tax revenue."

According to CBS News, Boehner insisted that Republicans would only compromise on tax revenue if Democrats were willing to take significant steps to shore up entitlement programs.

"Without real reform on the entitlement side, I'm not even going to put any new revenue on the table," Boehner said. Entitlement programs include Social Security, Medicare and Medicaid.

Any new tax revenue would not come from raising rates, he said, but from overhauling the tax code, sweeping out loopholes and deductions in order to reduce individual and corporate rates."

From Nov. 2011 during the tax negotiations just prior to the sequestration agreement.

http://www.huffingtonpost.com/2011/11/04/john-boehner-tax-revenues_n_1075957.html

So again....you're wrong.
by Lex Parsimoniae November 9, 2012 8:44 AM


Oh I think I remember that now... he said that, they came to agreement and then the right moved the goal posts
by LOANMAN November 9, 2012 9:00 AM


Please provide link that it was the right that moved the goalposts.

I tried to find reference for that, and nothing.
by Lex Parsimoniae November 9, 2012 9:53 AM


sorry I didn't save the link from a year ago...

but using the search

republicans move the goalposts, the results took oh a whole .17 seconds, you must have made a herculian effort to find it

http://www.washingtonpost.com/blogs/plum-line/post/gop-has-again-moved-goalposts-for-budget-compromise-dems-say/2011/03/03/AF5wrIkC_blog.html

by LOANMAN November 9, 2012 2:28 PM


I guess I used the wrong search terms.

At least I made the attempt instead of claiming facts that were incorrect on their face.

But a better review of what actually happened,
other than the WP's might be looking at the actual timeline of negotiations.

http://www.guardian.co.uk/world/2011/apr/08/government-shutdown-2011-live-updates
by Lex Parsimoniae November 10, 2012 8:32 AM


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