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President Obama Pushes for Higher Taxes on the Richest

Using a German-owned truck factory as a grease-stained backdrop, President Obama on Monday pressed his case for higher tax rates for the richest Americans, declaring that his economic program would cut the deficit without crimping the job market.

“Our economic success has never come from the top down,” Mr. Obama said to a few hundred cheering autoworkers. “It comes from the middle out; it comes from the bottom up.”

A day after the president and the House speaker, John A. Boehner, held face-to-face budget talks at the White House, Mr. Obama took his case again to the American public — a tactic he has used repeatedly to go around reluctant party leaders in Congress.

via NY Times

 

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Posted under AUD, CNY at 8:57 am EDT, 05/17/2013
Posted under USD, EUR, GBP, JPY at 8:57 am EDT, 05/17/2013
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May
17
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MPC Member Weale Speaks
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