Barack Obama on December 4, 2012:

When you look at how much revenue you can actually raise by closing loopholes and deductions, it’s probably in the range of $300 billion to $400 billion. That’s not enough to come up with a balanced plan that actually reduces the deficit and puts us on the path of long-term stability.

Barack Obama on July 22, 2011:

What we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking taxes — tax rates — but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax-reform process that could have lowered rates generally while broadening the base.

For some reason, no one other than ABC’s Jake Tapper wants to call him on this.

UPDATE: Obama is being disingenuous in another way, completely apart from this. He says that we need to raise taxes, because closing loopholes won’t generate enough revenue. Whether or not that’s true, he’s not being honest about his goals:

Obama wants higher taxes in their own right, regardless of their revenue implications. He has specifically said that taxes should be higher, even if the higher taxes actually reduce revenue! And he has made clear that revenue is not the purpose for hiking taxes. Yes, that is completely insane, but that’s Barack Obama’s agenda.

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