Krauthammer's Take: Obama's 'Grand Bargain' Ironic Because It 'Prevents Real Tax Reform'
Charles Krauthammer attacked President’s Obama so-called “grand bargain” budget proposal on Fox News Tuesday evening, stating that the “ultimate irony” of his plan is that it “prevents real tax reform.”
The president said in a speech in Chattanooga, Tenn. on Tuesday that he would work with Republicans on reforming corporate tax codes as long as they were willing to “use the money from transitioning to a simpler tax system for a significant investment in creating middle-class jobs.” Republicans have attacked this proposal as an attempt to repeat of the kind of stimulus-spending that Obama pushed through in his first term.
Krauthammer implied that Obama has worn out the phrase “jump start” when talking about the economy, especially considering that his past initiatives have failed to create jobs. There is a “national consensus” on the need for tax reforms to stimulate growth, but, Krauthammer said, the president “wants to blow it up by using the revenue to spend it again on the same old stuff.”