President
"The congressional report said to achieve his $1.1 trillion in savings over the next decade, Obama relies on $974 billion in higher revenue and $172 billion in spending cuts. That is nearly a 6-1 ratio.
Obama's major revenue-raising proposals include limiting some deductions and exclusions for some higher-earning taxpayers, raising $493 billion over the decade; boosting tobacco taxes by $83 billion; and raising estate and gift taxes by $77 billion, the budget office said."
Ah yes, the old balanced budget scheme and if you bother to read the report, this is in addition to 600 billion in other taxes already passed by Obummer. And Obummer care isn't even here yet; of course, that can pass and not cost the taxpayers "one thin dime."
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
