THE AMERICAN JOURNAL

Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

By Rich Miller

Feb. 11 (Bloomberg) — President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.

Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare

Read more: Business Week

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February 11, 2010 - Posted by | Uncategorized | ,

1 Comment »

  1. I have only one thing to say.

    Comment by MTR | February 11, 2010 | Reply


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