"President Obama, in their latest proposal the Republicans have indicated that they're willing to increase revenues by closing loopholes. I realize that you don't think their math checks out, but if they offered $1.6T by closing loopholes that affected only the rich, would you take it?"
This is a hypothetical question such as that asked of Republicans "Would you support a deficit deal overwhelmingly weighted towards spending cuts even if it had some revenue increases?" which Democrats/Liberals love to throw around.
The question is meant to reveal whether President Obama cares about revenues or cares about tax rates. For the life of me, I can't figure out why he is so adamantly in favor of higher tax rates (as opposed to just increased tax revenues). Which he seems to be. "Although Mr. Obama [said] a deal is not possible without an increase to the tax rate for those making over $250,000."
Why?
If it's just because he doesn't think it's possible to extract that much money without raising tax rates on the wealthy, then I don't understand his strategy, he could just say, I want $1.6T in revenues and I don't care how you get it (as long as it comes from people making more than $250,000). Why would he need to add another stipulation?
Anybody have an idea?
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