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Cleita

(75,480 posts)
5. Okay, I found this that sheds some light on the situation.
Tue May 8, 2012, 12:42 PM
May 2012

As usual, what he said was taken out of context.

http://voices.washingtonpost.com/postpartisan/2010/11/president_obamas_i_won_to_repu.html

<clip>

House Republicans have been complaining about not being consulted, and as Cantor explained the details of some of the ideas he and his GOP colleagues would like to see in the package, President Obama read the one-pager and told him, "Eric, I don't see anything crazy in here."

Among some of the things Republicans requested: tax deductions for some small businesses, making unemployment benefits tax free and a provision that would let businesses losing money carry the losses over to pay fewer taxes in a different fiscal year.

Mr. Obama did voice opinion on some differences on the issue of whether the lowest individual tax rates should be cut from 15 percent to 10 percent and from 10 percent to 5 percent.

As the president, he had told Kyl after the Arizonan raised objections to the notion of a tax credit for people who don't pay income taxes, Obama told Cantor this morning that "on some of these issues we're just going to have ideological differences."

The president added, "I won. So I think on that one, I trump you."

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