Obama doesn't budge on his offer of cuts, taxes - WFLA News Channel 8

Obama doesn't budge on his offer of cuts, taxes

Posted: Updated:
WASHINGTON, DC (WFLA) -

President Barack Obama is telling congressional Republicans that he is still willing to reduce the deficit but only with a mix of increased taxes and reduced spending, an offer he made during budget talks that collapsed at the end of last year. Republicans say they reject raising more tax revenue.
    
In his State of the Union speech Tuesday night, Obama is reiterating his proposal to reduce spending by $900 billion and increase taxes by $600 billion through a tax overhaul. The combined $1.5 trillion in deficit reduction would also reduce government payments on the debt. Obama intends to use some of those savings to pay for initiatives meant to create jobs.
    
The $900 billion in cuts include reductions of $400 billion in spending on Medicare and other health care programs.

  • 8 On Your SideMore>>

  • TPD responds to story controversy surrounding police shooting

    TPD responds to story controversy surrounding police shooting

    Thursday, August 21 2014 12:48 PM EDT2014-08-21 16:48:17 GMT
    Jason TurkJason Turk
    An 8 On Your Side investigation into police shooting and the lack of Crisis Intervention Team training at the Tampa police department is not sitting well with T.P.D.Police spokesperson Laura McElroy sent an email to News Channel 8 management with the subject line labeled, "The Rest of the Story
    An 8 On Your Side investigation into police shooting and the lack of Crisis Intervention Team training at the Tampa police department is not sitting well with T.P.D.Police spokesperson Laura McElroy sent an email to News Channel 8 management with the subject line labeled, "The Rest of the Story
  • Verizon insists on seeing Town N' Country man's birth certificate for credit report error

    Verizon insists on seeing Town N' Country man's birth certificate for credit report error

    Wednesday, August 20 2014 5:26 PM EDT2014-08-20 21:26:13 GMT
    James Woolever was shocked to find a bad mark on his credit report. Especially since it was for an "outstanding balance" from a Verizon account opened in 1979. He knew that couldn't be right, because he was just 6 years old then.
    James Woolever was shocked to find a bad mark on his credit report. Especially since it was for an "outstanding balance" from a Verizon account opened in 1979. He knew that couldn't be right, because he was just 6 years old then.
  • Citrus Park property prompts code enforcement change

    Citrus Park property prompts code enforcement change

    Wednesday, August 20 2014 3:55 PM EDT2014-08-20 19:55:42 GMT
    Action today by Hillsborough county commissioners following an 8 On Your Side investigation.Commissioners voted unanimously to draw up an ordinance that will bring chronic code offenders before a judge in county court.For months now 8 On Your Side has documented the county's inability to deal with properties that are overgrown and piled with junk and pose possible health risks to neighbors.
    Action today by Hillsborough county commissioners following an 8 On Your Side investigation.Commissioners voted unanimously to draw up an ordinance that will bring chronic code offenders before a judge in county court.For months now 8 On Your Side has documented the county's inability to deal with properties that are overgrown and piled with junk and pose possible health risks to neighbors.
  • NewsMore>>

  • Woman found in water after Indian Rocks Bridge crash identified

    Woman found in water after Indian Rocks Bridge crash identified

    Thursday, August 21 2014 3:47 PM EDT2014-08-21 19:47:25 GMT
    The Pinellas County Sheriff's Office has identified the woman who was found in the water after a vehicle crash Thursday morning on the Indian Rocks Bridge.
    The Pinellas County Sheriff's Office has identified the woman who was found in the water after a vehicle crash Thursday morning on the Indian Rocks Bridge.
  • Students arrive at USF Tampa for move in day

    Students arrive at USF Tampa for move in day

    Thursday, August 21 2014 3:08 PM EDT2014-08-21 19:08:58 GMT
    Dozens of events were planned this week to welcome new and returning students back to the University of South Florida for the fall semester.Nearly 5,500 students were expected to move into campus residence halls Thursday.
    Dozens of events were planned this week to welcome new and returning students back to the University of South Florida for the fall semester.Nearly 5,500 students were expected to move into campus residence halls Thursday.
  • Target to extend store hours, hoping for younger shoppers

    Target to extend store hours, hoping for younger shoppers

    Thursday, August 21 2014 1:25 PM EDT2014-08-21 17:25:55 GMT
    Target to expand store hours, hoping to attract younger, late-night shoppersTarget to expand store hours, hoping to attract younger, late-night shoppers
    More than 900 Target stores across the country will be extending store hours in an effort to accommodate late night shoppers, including more than 70 Florida retail locations.Target says that's what customers want and may be a way to get younger shoppers back in the store.
    More than 900 Target stores across the country will be extending store hours in an effort to accommodate late night shoppers, including more than 70 Florida retail locations.Target says that's what customers want and may be a way to get younger shoppers back in the store.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.