U.S. President Barack Obama 19
announced cuts to the next twelve total around $ 3 trillion deficit package, of which about half will raise taxes on the rich and big companies to achieve.
Obama?s deficit reduction plan, including adjustments to welfare programs to reduce spending $ 580 billion; by the end of the rich, big companies enjoy tax benefits increase $ 1.5 trillion; through from Iraq, Afghanistan and the gradual withdrawal of savings 1.1 trillion; increase interest income $ 430 billion.
In the plan, the Republican Party is the strongest opposition to the rich tax increase plan. According to Obama?s plan, some of the income of $ 1 million more than the rich will not income tax rate is lower than the American middle class tax rate. Bush administration more than $ 250,000 of income tax cuts the family will end.
The day Obama delivered a speech at the White House Rose Garden, said to solve the huge deficit the United States, all Americans, including the rich and big companies, government spending should take a ?fair share.?
?Buffett?s secretary should not pay Bibafeite higher rate, for no apparent reason.? Obama said: ?In the U.S. income $ 50,000 teachers, nurses or construction workers to pay income ratio 5 million people a higher tax rate, which is wrong. ?
The rich will raise taxes Obama has proposed tax reform, named ?Buffett rules?, because ?Warren? Buffett recently in ?The New York Times? issued a document, as he said the Congress This billionaire too ?spoiled.? He said his total tax bill to 639.8744 million U.S. dollars, like listening to a lot of money, but only his taxable income of 17.4%. His more than 20 tax office employees, the tax rate is higher than the ratio, an average of 36%.
According to reports, the U.S. has 144 million people go to tax, this tax increase plan to the rich which will affect only 0.3% of the taxpayer, less than 45 million people.
However, Republicans oppose any tax increase plan, and blasted Obama?s tax increase plan is to engage in ?class struggle.? Obama?s speech in response to the day that it is not engaged in ?class struggle? and is nothing but a ?math problem.?
?I refuse demands that the so-called hedge fund managers pay with plumbers or teachers at the same rate is the ?class struggle? to say.? Obama said: ?I think it is just doing the right thing.?
Obama?s deficit reduction plan that is intended to affect the 12-member bipartisan deficit reduction Congress Committee, the Committee is mandated to achieve before the 1123 deficit reduction program. Obama had proposed this plan is also aimed at reducing the unemployment rate of $ 447 billion job creation plan to add.
Most analysts believe that the plan is difficult to break through the barrier in Congress success. Republican House Speaker John Boehner later in the speech, Obama clearly expressed their opposition, saying his plan does not have any positive and constructive. Senate Republican leader Mitch McConnell also said his plan was not to promote economic growth or employment, a good way, not even a meaningful deficit reduction proposal.
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