House Plan Boosts Taxes on Rich to 20-year High
source: http://www.nowpublic.com/world/house-plan-boosts-taxes-rich-20-year-high
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- Sahuaro
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House Democrats scrambling for ways to pay for overhauling health care would raise taxes on the wealthiest Americans to levels not seen since the 1980s, breaking one of President Barack Obama's campaign pledges.
The tax increase would be limited to the top 1.2 percent of earners — families that make more than $350,000 a year. But it would raise a total of $544 billion over the next decade, covering a little more than half the cost of the health care plan.
The tax increase would be limited to the top 1.2 percent of earners — families that make more than $350,000 a year. But it would raise a total of $544 billion over the next decade, covering a little more than half the cost of the health care plan.
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- groups:
- News and Politics, Politics, US Congress Watch, Rich, 1 more
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- tags:
- News and Politics, Politics, Obama, Taxes, 2 more
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unclecharlie
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So, people will be less inclined to make money! i.e., he is punishing people for being sucessful. That sounds like socialism to me!
- 2 years ago
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unclecharlie
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bleem411
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Actually his campaign pledge was to raise taxes on people making $250,000 or more so he actually did a lot of people a favor...that is if this information is correct.
- 2 years ago
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bleem411
