The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

A Member of the Law Professor Blogs Network

Wednesday, November 14, 2012

Obama to open fiscal talks with $1.6 trillion plan to raise taxes on wealthy - The Washington Post

President Obama is taking a hard line with congressional Republicans heading into negotiations over the year-end “fiscal cliff,” making no opening concessions and calling for far more in new taxes than Republicans have so far been willing to consider.

Obama plans to open talks using his most recent budget proposal, which sought to raise taxes on corporations and the wealthy by $1.6 trillion over the next decade, White House press secretary Jay Carney said Tuesday. That’s double the sum that House Speaker John A. Boehner (R-Ohio) offered Obama during secret debt negotiations in 2011.

via www.washingtonpost.com

I feel like I'm trapped in an Ayn Rand novel, and I don't even like Ayn Rand novels. There not very realistic for one thing. --TS

http://rightcoast.typepad.com/rightcoast/2012/11/obama-to-open-fiscal-talks-with-16-trillion-plan-to-raise-taxes-on-wealthy-the-washington-post.html

| Permalink

Comments