But the Republicans in Congress refuse to list a single tax loophole they are willing to close.
WHITEHOUSE: President Obama Speaks at the Associated Press Luncheon
Ending the municipal bond tax loophole offers a unique opportunity: raising revenue while deterring cronyism and wasteful spending.
FORBES: A Trillion Dollar Tax Increase That Republicans And Obama Should Agree To
We also ended a tax loophole that encouraged companies to create jobs overseas.
And he fought -- he voted no on closing this tax loophole that was incentivizing jobs from going overseas.
WHITEHOUSE: President Obama Talks with Virginia Families on the Economy | The White House
They are not going to turn down a big order because of a closed tax loophole, or a tax increase.
The area is heating up in a big way, with many believing that inappropriate worker status determinations are a major tax loophole.
This will distort the capital markets, and create a new tax loophole.
Are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole?
Organizations like the Sierra Club use the tax loophole that allows these groups to exist in the shadows for some of their work.
The Michigan Democrat says that the social networking company is exploiting a tax loophole in order to avoid paying taxes to the government.
This tax loophole is already unpopular among the general public so Congress should take the opportunity now while it can to amend these rules.
He added that the GOP prefers having the reductions take effect instead of having "a single tax loophole" disappear for those who don't need it.
If this is a tax loophole, the easy fair fix would be to tax the non-for-profit on the donations it receives in the form of appreicated property.
They would rather ask more from the vast majority of Americans and put our recovery at risk than close even a single tax loophole that benefits the wealthy.
Allowing economic business loss treatment is not a tax loophole.
Romney has not explained how, as president, he can bring objectivity to bear on this tax loophole that is estimated as costing all of us billions of dollars every year.
And instead of closing a single tax loophole that benefits the well-off and well-connected, they chose to cut vital services for children, seniors, our men and women in uniform and their families.
Employers have assumed primary responsibility for buying coverage, but their main focus has not been to buy efficient coverage to protect people against financial risks but to take advantage of a tax loophole.
But some anti-tax absolutists have decided that closing any tax loophole amounts to a tax hike unless it is deficit neutral -- ignoring the whole reason for engaging in this forced fire drill.
The Democrats decided to -- because they were worried about states laying off teachers, decided to close a corporate tax loophole that actually incentivized investment overseas instead of investment here in the United States.
So the choice in front of Congressional Republicans today is simple: will they let these devastating cuts happen that will cost hundreds of thousands of jobs simply because they refuse to close one tax loophole for the wealthy?
It explicitly protects pork-barrel projects and every single tax loophole that benefits the wealthy, but puts on the table cuts to things like Medicare and education, forcing middle-class families to bear the burden while asking nothing from the wealthiest Americans.
The only party unwilling to compromise to avoid these devastating cuts are Congressional Republicans, who would rather see our recovery and middle class economic security be put at risk than close one tax loophole for big corporations and the wealthiest.
Mr Keen said the loss of a tax-loophole allowing Jersey companies to sell low value good to the UK VAT free had had a "massive impact" on his business.
Are you willing to have teachers laid off, or kids not have access to Head Start, or deeper cuts in student loan programs just because you want to protect a special tax interest loophole that the vast majority of Americans don't benefit from?
He said numerous times he had proposed to close that special tax break and loophole for the oil and gas industry back in 1985 when he thought at the time that the need for that subsidization of the oil and gas industry had run its course.
Unlike Governor Romney, I want to close the outsourcing loophole in our tax code.
He refused to even acknowledge the loophole that gives tax breaks to corporations that ship jobs overseas.
WHITEHOUSE: Remarks by the President at a Campaign Event -- Denver, CO
Rand Paul of Kentucky agreed that the tech company had become a poster child for the need to revamp the loophole-ridden corporate tax code.
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