Monday, July 25, 2011

President Obama vs President Obama on Raising Taxes on the Wealthy

Who’s Winning? - It's Not Mr. Obama

Speaking today (July 25) at a Hispanic advocacy group, Mr. Obama said that higher taxes on wealthy individuals and corporations would have to be part of any deficit reduction package.

President Barack Obama waves after
 addressing the annual National Council
of La Raza conference in Washington,
 Monday, July 25, 2011. (AP Photo/Evan Vucci)

Obama made the call today at the annual convention held by the National Council of La Raza, a left-of-center Hispanic advocacy group.

“We can’t just close our deficit by cutting spending … if all we do is cut, seniors will have to pay more for health care, students will have to pay more for college … we’d have to stop much of the clean-energy research,” he declared to cheers from the audience. “Not only is it not fair … it doesn’t make sense.”

The Senate Majority Leader, Harry Reid (D, Nv) has brought forth a plan which likely would result in seniors paying more for health care, students paying more for college, stopping clean energy research, etc., with no increased revenues. 

Mr. Reid's plan drew immediate White House support. White House press secretary Jay Carney said the plan makes a "meaningful down payment" on addressing the country's fiscal challenges

So is the White House supporting a plan that “doesn’t make sense”?  Couldn’t be, that wouldn’t make sense would it.

1 comment:

  1. Raising the Taxes amount is such an very serious matter for all the Country but after all it's very helpful for developing and money used in good purpose for your country.