Obama was so late to agree with the GOP budget for 2011 that he is compelled to go on air to tell the nation of his fiscal budget plan to fix the rising deficit. Something doesn't sound right. Overall, Obama is going to raise taxes. Read my lips, "Obama will raise taxes!" I am assuming many voted Obama because he wasn't going to raise taxes because only an idiot would vote someone into power whose platform is raising taxes like income, gas, and consumables. Liberal Democrats are taken off guard. Besides being angry, many Liberals have a low expectation with Obama; hence, a very low approval rating of the president. As usual, the president didn't give specifics of his plan. However, the president does have several days to make up one.
(WSJ) President Barack Obama will lay out his plan for reducing the nation's deficit Wednesday, belatedly entering a fight over the nation's long-term financial future. But in addition to suggesting cuts—the current focus of debate—the White House looks set to aim its firepower on a more divisive topic: taxes.
In a speech Wednesday, Mr. Obama will propose cuts to entitlement programs, including Medicare and Medicaid, and changes to Social Security, a discussion he has largely left to Democrats and Republicans in Congress. He also will call for tax increases for people making over $250,000 a year, a proposal contained in his 2012 budget, and changing parts of the tax code he thinks benefit the wealthy.
No comments:
Post a Comment