Obama Budget Would Take $112B From Rich
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President Barack Obama’s proposed budget would shift $112 billion away from the nation’s top earners in 2012, according to the Tax Foundation, a nonprofit organization that monitors federal and state fiscal policies.
The group analyzed the impact of the 10-year budget proposal on various income groups. The study, released last week, said higher-income families would lose the most because of the expiration of Bush administration tax cuts and the proposed 28% cap on certain deductions. Low-income and middle-class families stand to benefit from the redistribution.
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i still think he is full of s*** and he says that is what is goin to happen but is goin to change his mind at the last min
Okay, so yeaaa I think were all upset because we don’t like the way things are going. Maybe we can’t afford cable or even pay bills, or your job isn’t giving you enough to even enjoy life, yea enjoy it…you know when you were younger and life just felt great, why? We ignored the way the world was runned and controled and demanded us to go to work everyday spending every second/minute/hour of your life away just to live??!! Its b.s, it goes way beyound presidents/ states/ country’s…we all are gonna die one day, we need to live happily. Stop fighting, just live simple…don’t let them control our rights to be fuckn human!