Monday, July 18, 2011
WSJ: By 2016 70% Tax Rate on $60,000 a Year Income
WSJ Tax Future: http://online.wsj.com/article/SB10001424052702304911104576443893352153776.html?mod=WSJ_Opinion_LEADTop
The Hill is reporting, "Proposed House cuts to the Executive Office of the President's (EOP) budget will hurt administration efforts to cut the deficit, the White House argues." So in plain English the White House is saying that cutting spending is counter productive to cutting spending. In addition to the administration's opposition to cutting their own budget, the White House has said it will road block the GOP effort to balance the federal budget.
The Hill: http://thehill.com/blogs/floor-action/house/171947-white-house-cutting-white-house-budget-hurts-administration-efforts-to-reduce-the-deficit
Obama ran on "Hope and Change." It's time to make good on that campaign slogan in a positive way. The president should be out in front on spending cuts and a balanced budget if he is for real change in the way government operates in Washington.
at 12:41 PM