All this president does is print money, spend and constantly push for higher taxes. Barack Obama has no plan to help balance the budget because he is a socialist so get ready for more the the same.
President Obama has said all along he isn’t done raising taxes on wealthy Americans, and he said it again in an interview that aired on CBS during the Super Bowl.
A month after signing a bill that raised tax rates on families making $450,000 or more (and individuals making $400,000-plus), the president said he now wants to close “loopholes.”
‘I don’t think the issue right now is raising rates,” Obama said. The goal now is to find “smart spending cuts,” “reduce health care costs,” and “close loopholes and deductions.”
If you combine those things together, then we can not only reduce our deficit, but we can continue to invest in things like education and reserach and development that are going to help us grow,” Obama told CBS’s Scott Pelley.
“There is no dobut we need additional revenue coupled with smart spending reductions in order to bring down our deficit. And we can do it in a gradual way so that it doesn’t have a huge impact,” he added.
Obama twice drew distinctions between “average Americans” and rich people who “take advantage” of perfectly legal tax rules. READ MORE