|
Title: *Obama Seeks to End Tax Breaks to Pay for Jobs Plan* Post by: Coach Hank Crisp on September 12, 2011, 03:45:52 PM http://online.wsj.com/article/SB10001424053111904353504576566802250477510.html?mod=WSJ_hp_LEFTTopStories
Quote In total, Mr. Obama's plan would end about $467 billion of tax breaks over 10 years, said White House Office of Management and Budget Director Jack Lew. The president has previously proposed ending the tax breaks, but has faced stiff resistance from Republicans. By choosing to end the tax breaks, the White House is likely setting itself up for a fight with Republicans. Over the summer, Republicans said they wouldn't end tax breaks amid concerns doing so as the U.S. is coming out of a recession would hamper the recovery. |