New York Times (February 13, 2012)
2012/ 02/ 15 by jd in Global News
“The president’s budget calls for long-term deficit reduction, but its immediate priority is to encourage the fledgling economic recovery. Instead of trying to stabilize the budget on the backs of the poor, it would raise taxes on the wealthy and on big banks and eliminate many corporate tax loopholes.” Congress should pass this budget. Alas, Congress is “dysfunctional.” “The proposal will go nowhere, largely because of the Republican refusal to raise taxes on the wealthy and to spend money on vital programs.”
Tags: Budget, Congress, Economic recovery, Obama, Poor, Taxes, U.S., Wealthy
