No Compromise Likely On Tax Day | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

No Compromise Likely On Tax Day

Play associated audio
Taxes are more of a sore point in re
Phillip Taylor: http://www.flickr.com/photos/9731367@N02/7134294207/
Taxes are more of a sore point in re

It's tax day, and President Obama's newly-released budget rekindled a debate on Capitol Hill about where tax rates should stand.

Lawmakers from both sides of the aisle agree that the complicated maze that is the U.S. tax code needs to be overhauled, but they're far apart on the details. In his budget, the president calls for raising revenue through the tax code.

Scott Rigell (R-Va.) brushes the idea aside, saying, "More spending, more taxes."

The president is also asking to trim entitlement programs, which is bringing him heat from his left. Gerry Connolly (D-Va.) says the olive branch the president extended needs to be reciprocated by the GOP in the form of raising revenue.

"This is pretty dramatic, so where are you? What are you prepared to do in response other than just take it as a gift? And that's not going to work," Connolly says.

Republicans argue that questions about revenue were already answered at the start of the year. That's when party leaders agreed to raise about $600 billion in taxes. Bobby Scott (D-Va.) says that deal is now forcing the president to look at entitlements.

"Why would you cut Social Security in order to pay for tax cuts?" Scott asks. "Why don't you leave the taxes where they are and you don't have to mess with Social Security?"

Today lawmakers from both parties will fan out, railing against the current tax code, but from the sound of the debate on Capitol Hill, it doesn't look like lawmakers are getting any closer to a deal.

So next year you can likely expect the same complicated tax code you're cursing today.

NPR

What's A Writer Gotta Do To Get A Little Health Care Around Here?

When you're making plans to become a famous author, just remember that you're going to want health care — especially when 40 rolls around and your body is no longer made of rubber.
NPR

When Zero Doesn't Mean Zero: Trans Fats Linger In Food

One in 10 packaged foods still contains trans fats, according to a new study. The problematic oils give foods a rich taste and texture and extend shelf life, but have been linked to heart disease.
WAMU 88.5

Testimony Wraps In McDonnell Trial, Closing Arguments Expected Friday

Leaving the courthouse this afternoon, the former Virginia governor said he was confident in his legal team's defense: "We've got three of the best law firms in the country that are working on this case."
NPR

New Amazon Series Pilots Fall Short Of A TV Revolution

NPR TV critic Eric Deggans ranks Amazon's new batch of five series pilots, asking why none of them seem break the rules of TV quite enough to draw attention.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.