End of America

New report says Obama is pushing for double the tax hikes he previously admitted

end-of-america
From Zero Hedge:
 
If the Fiscal Cliff negotiations are supposed to result in a bipartisan compromise, it is safe that the initial shots fired so far are about as extreme as can possibly be.
 
As per our previous assessment of the status quo, with the GOP firmly against any tax hike, many were expecting the first olive branch to come from the generous victor - Barack Obama.
 
Yet on the contrary, the WSJ reports, Obama's gambit will be to ask for double what the preliminary negotiations from the "debt deficit" summer of 2011 indicated would be the Democrats' demand for tax revenue increase.
 
To wit: "President Barack Obama will begin budget negotiations with congressional leaders Friday by calling for $1.6 trillion in additional tax revenue over the next decade, far more than Republicans are likely to accept and double the $800 billion discussed in talks with GOP leaders during the summer of 2011.
 
Mr. Obama, in a meeting Tuesday with union leaders and other liberal activists, also pledged to...
 
 
More on taxes:
 
 
 
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