Contact Us

Obama Demands Tax Increase ‘Be On The Table’

Barack Obama Holds Press Conference At his press conference Wednesday AM, President Obama demanded that tax increases be included as part of the plan to attack the Federal defecit.

Saying, “it would be nice to keep every tax break there is, but we’ve got to make some tough choices here if we want to reduce our defecit, Obama called upon the GOP to ‘sacrifice their sacred cows’ in order to hammer out a budget.   Republican House GOP leader John Boehner said there is no congressional support for tax increases, so they are “off the table.”  The weakening economy and sluggish recovery (if it can be called that, say experts) have severely weakened Obama’s poll numbers, sliding to new all-time presidential lows at this period for a president.  One of the arguments against increasing the taxes, especially in tough economic times like these, comes from

Productivity declines as the tax rate increases, as people choose to work less. The higher the tax rate, the more time people spend evading taxes and the less time they spend on more productive activity. So the lower the tax rate, the higher the value of all the goods and services produced.

Best of Newstalk 870

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Newsmembers quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Newsmembers contests, events, coupons, presales, and much more delivered to you for FREE.