Quote of the Day: Obama Not Budging on Higher Tax Rates for the Rich

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From President Obama, asked about John Boehner’s deficit proposal yesterday:

He talks, for example, about $800 billion worth of revenues, but he says he’s going to do that by lowering rates. And when you look at the math, it doesn’t work….If we’re going to raise revenues that are sufficient to balance with the very tough cuts that we’ve already made, and the further reforms in entitlements that I’m prepared to make, we’re going to have to see the rates on the top two percent go up. And we’re not going to be able to get a deal without it.

Well, that’s pretty definitive. Obama didn’t explicitly say that rates had to go all the way back up to pre-Bush levels, so there’s still a bit of wiggle room here. But not much.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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