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Obama to propose $1.5 trillion in new tax revenue

(Washington)-Obama the President's proposals to reduce the deficit, $1.5 trillion dollars for a long time the new taxes in the negotiations, the reserve price is than it is a stark contrast to the reference and congressional republicans who struggle off.
Obama's proposal, main purpose is in wealthy after a few days, the speaker of the house, John boehner ruled out to increase taxes to reduce the deficit. It was in his own Democrats call, and Obama to take a tougher stance on the republican party. And the plan into the chances of through congress, the populist spacing, the White House thinks, the public can support.
The core of the President's plan total more than $2 trillion in just, more than 10 years of deficit reduction. It combines $$58 billion cut the welfare of the mandatory plans, including medical insurance from $$24.8 billion in new taxes.
Authorities also save $1 trillion over 10 years calculation from Iraq and Afghan troops.
Deficit reduction plan, Obama has already as a short-term measures to stimulate the economy and create jobs proposal of $44.7 billion dollars of tax cuts and new spending public project of the softening economy. He submitted his deficit in the battle plan and Suggestions for more than 10 years of the $1.5 trillion deficit cut to a special congressional joint committee.
In the attention of supercilious, government officials on Sunday, Obama clearly veto of any medical benefits cut high income tax increases, not with matching.
Officials as his eyes cast Obama's plan to cut the deficit, and put it in his difference in July and boehner, as Obama tried to avoid government default negotiations.
Therefore, it included in the social security doesn't change, no medical insurance for the increase of age, the President has been willing to accept this summer.
In addition, the new tax, Obama is seeking growth nearly doubled, boehner has been willing to consider in July of 800 billion dollars. The republicans have already lining for the President's tax proposals before, they don't even know what it is, he is going to the extent of the Suggestions.
The house budget committee chairman, republican Congressman Paul Ryan of Wisconsin, said: "the class struggle can really good politics, but it bad economics make" Sunday one Obama tax collection on rich file manager of the lowest rates.
Former President Bill Clinton said the republican party on Monday rejected for the wealthy tax would hinder job creation, and hinder economic growth.
"Clinton said:" in the Washington republicans always says the same thing, struck a similar chord on NBC's "today" show. He called for what they say is an insult, rich americans, including many don't mind paying more.
Obama's plan, the main characteristics of senior government officials Sunday night:
-in the new income, including about $80 billion for $1.5 trillion more than 10 years to achieve from the bush era tax rate for the abolition of more than us $250000 couples. It will also place on the declaration of the rich amount limitation, end of some company loopholes and the oil and gas company's subsidies.
-$$58 billion cut mandatory benefits plan, including medical insurance $$24.8 billion and $7.2 billion in medical and other health care program. Other mandatory benefits plan, including agricultural subsidies.
-in from a lower pay interest on the national debt of saving $43 billion.
By joining by congress about $1 in already through the spending cuts 1 trillion and counting from Iraq and Afghan forces downsizing about $1 1 trillion savings, the combination of the total will reduce the deficit over 10 years more than $4 trillion, a senior government official said.
Republicans laughed at for the child, but the war savings republican representative including them in their budget proposals, and boehner this year with the President agreed to expect their debt limit this summer as savings. Negotiations
Obama put forward the great changes of medical treatment insurance, fellow Democrats back the comments, the house republican, turning and unpopular age of americans support the privatisation of the plan, it will only provide political cover.
Government officials said, in 10 years of cutting health care and 90% of the $800 million will come from service supplier squeeze. The plan to transfer some of the beneficiary and the extra cost, but the change will not start until 2017.
That Obama's tax on the populist spacing, one of the Suggestions, will set up a minimum tax revenue of $1 million or more of the taxpayer. The measure-Obama is called it "the law" 0.1 billion billionaire investor warren buffett buffett-the design, to prevent 1 million millionaire investment income low tax rate than what the advantages of middle-income taxpayers pay their wages.
The problem is the tax rate and taxpayers to pay taxpayers of the difference between the effective tax rate. 1 million millionaire face a 35% tax rate, and in 15% or 25% of the medium income tax. But investment income tax rate of 15%, buffett has complained that, he and other rich people have "spoil long enough time", should not be in the federal tax than middle-class taxpayers to pay its share of income is smaller.




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