Tax increase?

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    Tax increase?

    No tax increase whatsoever for those making less than $250,000 


    Now? Sounds like a good idea. rolleyesrolleyesrolleyesrolleyes

    http://www.businessweek.com/ne...-increases.html
    Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increase

    Quote:
    President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.

    Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.

    “The whole point of it is to make sure that all ideas are on the table,” the president said in the interview with Bloomberg BusinessWeek, which will appear on newsstands Friday. “So what I want to do is to be completely agnostic, in terms of solutions.”

    Obama repeatedly vowed during the 2008 presidential election campaign that he would not raise taxes on individuals making less than $200,000 and households earning less than $250,000 a year. When senior White House economic adviser Lawrence H. Summers and Treasury Secretary Timothy F. Geithner suggested in August that the administration might be open to going back on that pledge, White House press secretary Robert Gibbs quickly reiterated the president’s promise.

    Analysts say that middle-class taxes will need to be increased because the government can’t raise enough money from the wealthy alone to close the budget gap. “It’s just not possible to get the revenue you need only from this group,” said Joel Slemrod, director of the Office of Tax Policy Research at the University of Michigan.
     
  2. You have chosen to ignore posts from Bill-806. Show Bill-806's posts

    Re: Tax increase?

     SMILEYBENNYBOY............  SO,,,,,,,,, HE'S A LIAR  !!!!!  13 MONTHS AND HE IS ONE HECK OF A  "TALKING MACHINE" !!!!!!!
     
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