Tag: US deficit

US deficit
Thursday, November 15th 2012 - 06:38 UTC

“A modest tax increase on the wealthy is not going to break their backs” said Obama

Obama has long opposed extending the Bush-era tax cuts for earnings above 250.000 dollars a year

President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.

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