Obama Seeks New Taxes on Rich
Posted on AllSides June 13th, 2012
From The Center
President Barack Obama called on Congress Monday to enact new taxes on the wealthy, restructure the tax code and approve short-term spending measures as part of an election-year budget plan aimed at boosting job growth and helping the middle class.
Mr. Obama's $3.8 trillion budget for the fiscal year starting Oct. 1 was quickly dismissed by congressional Republicans and GOP presidential candidates as a political document that fails to seriously tackle the nation's growing debt.
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