Pandora
Well-Known Member
Obama said he might wait on taxing the wealthy, but he said he was going to use that money to get healthcare. Does this mean healthcare would wait?
He has also said in the past that taxing the rich does not stifle growth but he said yesterday that he won’t raise the taxes on the rich if the economy is bad, suggesting such an increase would further hurt the economy.
WASHINGTON — Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.
Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date, as Republican John McCain advocates. Instead, Obama wants to push for his promised tax cuts for the middle class, he said in a broadcast interview aired Sunday.
“Even if we’re still in a recession, I’m going to go through with my tax cuts,” Obama said. “That’s my priority.”
What about increasing taxes on the wealthy?
“I think we’ve got to take a look and see where the economy is. I mean, the economy is weak right now,” Obama said on “This Week” on ABC. “The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers, indicates that we’re fragile.”
Rest of story here….
http://elections.foxnews.com/2008/09/07/obama-recession-could-delay-end-to-bush-tax-cuts/
IOWA CITY, Iowa -- Democratic presidential hopeful Barack Obama on Tuesday offered a plan to provide health care to millions of Americans and more affordable medical insurance, financed by tax increases on the wealthy.
Rest of story here….
http://findarticles.com/p/articles/mi_qn4176/is_20070530/ai_n19184369
He has also said in the past that taxing the rich does not stifle growth but he said yesterday that he won’t raise the taxes on the rich if the economy is bad, suggesting such an increase would further hurt the economy.
WASHINGTON — Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.
Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date, as Republican John McCain advocates. Instead, Obama wants to push for his promised tax cuts for the middle class, he said in a broadcast interview aired Sunday.
“Even if we’re still in a recession, I’m going to go through with my tax cuts,” Obama said. “That’s my priority.”
What about increasing taxes on the wealthy?
“I think we’ve got to take a look and see where the economy is. I mean, the economy is weak right now,” Obama said on “This Week” on ABC. “The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers, indicates that we’re fragile.”
Rest of story here….
http://elections.foxnews.com/2008/09/07/obama-recession-could-delay-end-to-bush-tax-cuts/
IOWA CITY, Iowa -- Democratic presidential hopeful Barack Obama on Tuesday offered a plan to provide health care to millions of Americans and more affordable medical insurance, financed by tax increases on the wealthy.
Rest of story here….
http://findarticles.com/p/articles/mi_qn4176/is_20070530/ai_n19184369