..Obama proposing tax hikes to pay for jobs bill
By Richard Cowan and Kevin Drawbaugh, Editing by Sandra Maler |
Reuters – 17 minutes ago....tweet0EmailPrint. .....WASHINGTON (Reuters) -
President Barack Obama is proposing a series of tax increases, mainly on the wealthy, to help cover the cost of a $447 billion economic stimulus proposal, budget chief Jack Lew said on Monday.
Lew said Obama's plan would raise $400 billion over 10 years by placing new limits on itemized deductions for individuals making more than $200,000 a year and families earning more than $250,000.
The rest of the $467 billion in savings would come from raising a smattering of other taxes, including those on corporate jet owners and the oil and gas industry.
(Reporting by Richard Cowan and Kevin Drawbaugh, Editing by Sandra Maler)
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LMAO. How dumb is this moron you jerkoffs voted for? good job morons!
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