Some Democrats Resist Obama Tax Hike on Wealthy

Discussion in 'Politics' started by Revmitchell, Mar 5, 2009.

  1. Revmitchell

    Revmitchell
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    President Obama's proposal to limit itemized tax deductions for high earners is running into opposition from key Democrats in Congress who worry that charities and the housing market would be hurt.

    Senate Finance Committee Chairman Max Baucus questioned Wednesday whether the proposal was viable, a day after his House counterpart also expressed reservations.
    More Here
     
    #1 Revmitchell, Mar 5, 2009
    Last edited by a moderator: Mar 5, 2009
  2. Revmitchell

    Revmitchell
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    It seems Odrama is not man enough to stand up to his leader Nancy Pelosi so of all people Fiengold and some other Dems are going to do it.
     
  3. windcatcher

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    Link? Please.

    "Address is not valid"
     
  4. Revmitchell

    Revmitchell
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  5. windcatcher

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    Last link worked. Thankyou for posting.

    Glad to see some willing to ask questions from within the O's own party! I'm agreed with the tone of their dissention: It already seems an injustice to charge higher rates of taxes just because a person earns more. It seems even more, a greater injustice to charge one rate on income, but reduce the rate saved or off set by qualified charitable giving which is deducted.
     

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