Tax Plan for Jobs Bill Has Familiar Ring

To pay for his $447 billion jobs bill, President Obama is once again proposing an assortment of tax increases on wealthy individuals and corporations.

But the White House also says its plan should be viewed as a rough framework, because its top priority is to get the jobs bill enacted. If Congress approves the president’s jobs plan, it could instead pay for it with other spending cuts or tax increases if that is what the Congressional committee on deficit reduction recommends later this fall.  Read more      

Categories: Economics, United States

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