Obama To Seek $1.6 Tln In New Tax Revenue: Reports
Keep in mind that only slightly more than half of able-bodied taxpayers pay federal income tax…
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President Barack Obama plans to open talks over the tax component of the so-called “fiscal cliff” by calling for $1.6 trillion in new tax revenue over the coming decade, according to reports late Tuesday. The Wall Street Journal and Washington Post reported separately that Obama’s figure for additional taxes is likely to meet with strong Republican opposition, as it is double the amount proposed during failed closed-door talks with GOP leaders during debt negotiations in mid-2011. Rather, the $1.6 trillion is based on Obama’s most recent budget proposal, the reports said. The Washington Post also quoted Republican Senate Minority Leader Mitch McConnell as saying Obama shouldn’t overplay his hand, as the budget proposal in question failed to gain any votes in Congress when it was issued this spring. Reuters quoted McConnell as saying Republicans were “not about to further weaken the economy by raising tax rates and hurting jobs.”
Publius Prime 
Maybe if he just sent the IRS to GE, the NFL, etc. he’d have his trillions.