Return to Washington Examiner Homepage
May 18, 2013 | 09:47 PM
politics
Washington D.C. weather

Obama might be open to raising tax cutoff to $1 million

November 13, 2012 | 5:01 pm
Leave a comment
Photo - ARLINGTON, VA - NOVEMBER 11: U.S. President Barack Obama spaeks after a wreath-laying ceremony on Veteran's Day at the Tomb of the Unknown Soldier in Arlington National Cemetery on November 11, 2012 in Arlington, Virginia. (Photo by Michael Reynolds-Pool/Getty Images)
ARLINGTON, VA - NOVEMBER 11: U.S. President Barack Obama spaeks after a wreath-laying ceremony on Veteran's Day at the Tomb of the Unknown Soldier in Arlington National Cemetery on November 11, 2012 in Arlington, Virginia. (Photo by Michael Reynolds-Pool/Getty Images)

President Obama apparently means it when he says that he is not wedded to all of his demands around ending some of the Bush-era tax cuts.

Once firm on his call for tax cuts to die for "wealthy" individuals earning $200,000 and families making $250,000, his spokesman Tuesday suggested that Obama might be open to raising that cutoff level.

Asked at the daily briefing if his boss would consider "the notion that's been put forward by [Virginia Senator-elect ] Tim Kaine that maybe you'd make the limit $500,000, or [Sen.] Chuck Schumer['s] $1 million," spokesman Jay Carney said the president's plan is not set in stone. "He is not wedded to every detail of that plan," he said, adding, "I'm not going to negotiate hypothetical details."

Republican leaders, meanwhile, told Secrets that House Republicans are firming up the opposition to any tax hikes on the wealthy. "It's not going to happen, period," said a leadership aide.

From WeeklyStandard.com

  • Ideological Revenue Service

    With three different scandals threatening to consume the White House last week—the Benghazi cover-up, the Justice Department’s seizure of the phone records of dozens of Associated Press...

    Read More...

  • The Real Scandal

    Everyone in Washington, except those in the crosshairs, likes a good scandal, and THE WEEKLY STANDARD is no exception. What’s more, in the case of the Obama administration, comeuppance is well...

    Read More...

  • When It Rains, It Pours

    There is no curse on the second term of presidents. When presidents lose credibility, when trust vanishes and their word is no longer accepted, they have only themselves to blame. That was true...

    Read More...