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Obama Calls for New Taxes on Rich to Cut Debt
Obamathon
Obama Calls for New Taxes on Rich to Cut Debt
In a speech from the Rose Garden today, President Obama called for $1.5 trillion in new tax revenue as part of a proposal to tame the nation's rocketing federal debt, including new taxes on the wealthy, a special new tax for millionaires, and closing loopholes for those making over $250,000 per year. ''This is not class warfare,'' Obama said. ''It's math.''
9/19/11 3:04pm ET - The Washington Post
 
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