Obama on Income Taxes
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From the Left
The big question: How, not whether, to raise taxesHeres the difference an election makes: The decisive question in American politics has moved from “should we increase taxes? to “how will we increase taxes?
From the Left
Obama demands fast action on fiscal cliff, including tax hike on wealthyFlush with re-election vigor, President Barack Obama called Friday for House Republicans to immediately pass a bill already approved by the Senate that would maintain current tax rates for middle-class Americans while increasing taxes of wealthier citizens.
From the Left
Obama Says Nation Can’t Afford Deadlock Over Debt TalksObama opened a White House news conference reiterating his call for Congress to immediately pass an extension of the Bush- era tax cuts for the first $200,000 of annual income for individuals and $250,000 for married couples. He said the rates on earnings above those levels should be allowed to rise when they expire at the end of the year.
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