Democrats Revive Fight for Tax Hikes on Wealthy

Monday, 25 Apr 2011 10:06 AM

By Dan Weil

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama and congressional Democrats acquiesced in December to Republican demands that the Bush-era tax cuts be extended for everyone. But now the Democrats in Congress are following the lead of Obama, seeking to end the tax cuts for families with annual income of more than $250,000, The Hill reports.

Tax, hikes, wealthy, Democrats, ObamaThe tax cuts are set to expire at the end of next year, and Democrats are trying to make themselves out as the champions of the poor while portraying Republicans as simply defenders of the rich.

In words typical of the tactic, Rep. Jim Clyburn of South Carolina, the No. 3 House Democrat, said, “While Republicans are gutting Medicare and Medicaid with one hand, they are handing out tax subsidies for big oil companies and making tax cuts for wealthy permanent with the other hand.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
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:
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
You May Also Like

Passengers Push Plane on Icy Russian Runway (With Help of a Tractor)

Wednesday, 26 Nov 2014 20:45 PM

Passengers on a Russian plane got off to push the aircraft to help get it on the runway after it began slipping on ice i . . .

Bernie Tiede, Convicted Murderer Mortician, to Get New Sentencing

Wednesday, 26 Nov 2014 17:39 PM

Bernie Tiede, the mortician who was convicted of killing his companion Marjorie Nugent in 1996, will receive a new sente . . .

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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