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  1. Obama Calls for Cutting Tax Breaks to Raise $1 Trillion

    April 13 (Bloomberg) — President Barack Obama called for an overhaul of the U.S. tax code for individuals and businesses and said he wants to raise an additional $1 trillion through tax increases over the next decade.
    Obama in a speech today urged Congress to raise money by eliminating so-called tax expenditures, which would generate revenue that could be used to reduce tax rates and also increase the government’s take from the economy. He didn’t provide details about which tax breaks he would curtail or eliminate.

    BWAHAHAHAHAHA…so typical…no details. And this guy is President???? This was supposed to be his “leadership” speech for the budget. LAUGHABLE

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