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| | Higher Taxes For All In Obama Budget, $1.6 Tril 2010 Deficit | Posted on: February 2nd, 2010 | | | Higher Taxes For All In Obama Budget, $1.6 Tril 2010 Deficit
JED GRAHAM
INVESTOR'S BUSINESS DAILY
February 2, 2010
After cutting taxes for 95% of working families in his first year, President Obama has proposed a budget that would raise taxes on 100% of them.
Even as the White House calls for another quick shot of stimulus to speed up job creation, its new 10-year budget promises to impose a fiscal regimen of major tax hikes and modest spending curbs.
That regimen would begin in fiscal 2011 with $86 billion raised via new fees on banks, tax increases on upper-income Americans, tax increases to pay for health care reform; and a range of other mainly corporate revenue raisers.
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