Clinton Heads to the White House
Posted in Main Blog (All Posts) on December 10th, 2010 5:42 am by HL
Clinton Heads to the White House
Former President Clinton is to meet today with President Obama at the White House “for a post-election conversation about moving the agenda forward in a new political environment,” the New York Times reports.
“The meeting will be the first between the two men since the midterm elections, when voters handed Mr. Obama a political rebuke not unlike one Mr. Clinton suffered 16 years ago. Mr. Clinton moved to the center after his party’s midterm defeat in 1994, choosing to ‘triangulate‘ his politics in ways that allowed him to reach accommodations with Republicans even as he angered some of his liberal base.”
Obama May Push Tax Reform
President Obama “is considering whether to push early next year for an overhaul of the income tax code to lower rates and raise revenues in what would be his first major effort to begin addressing the long-term growth of the national debt,” the New York Times reports.
“Mr. Obama has directed his economic team to review options for closing loopholes and simplifying income taxes for corporations and individuals… The objective is to rid the code of its complex buildup of deductions, credits and exemptions, thereby broadening the base of taxes collected and allowing for lower rates — much like a bipartisan majority on Mr. Obama’s debt-reduction commission recommended last week in its final blueprint for reducing the debt through 2020.”
