Tags: taxes | obama | interview | super | bowl

Obama: More Taxes Needed to Pay Off Deficit

Sunday, 03 Feb 2013 05:05 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

President Barack Obama said on Sunday more tax revenue would be needed in the coming years to reduce the U.S. deficit but raising tax rates was not a key issue.

"I don't think the issue right now is raising rates," Obama said in an interview on CBS.

"There is no doubt we need additional revenue, coupled with smart spending reductions in order to bring down our deficit. And we can do it in a gradual way so that it doesn't have a huge impact," he said.

At the beginning of the year Obama pushed through legislation to address the U.S. "fiscal cliff" that raised income tax rates on households making more than $450,000 a year.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Soros, Steyer, Bloomberg Donate Heavily to Super PACs in July

Friday, 22 Aug 2014 19:23 PM

Super PAC spending heated up in July in advance of the fall midterm elections, with Democrats dominating the list of meg . . .

German Evangelist Bonnke Opens First US Crusade

Saturday, 23 Aug 2014 12:38 PM

By the time the Rev. Reinhard Bonnke edges toward the stage, anticipation in the thundering arena is swelling. A crowd o . . .

Eruption Begins Beneath Iceland's Largest Glacier

Saturday, 23 Aug 2014 12:22 PM

Iceland raised its aviation alert to red Saturday as a subglacial eruption began at the restless Bardarbunga volcano, wh . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved