Obama Defends Tax Plan

Barack Obama Prime Time News Conference The President says his budget idea is the right thing to do.

by Associated Press

Published: Tue, March 24, 2009 - 7:23 pm CST Last Updated: Tue, March 24, 2009 - 7:27 pm CST

WASHINGTON (AP) - President Barack Obama is defending a budget
idea that would reduce the tax deduction that wealthier families
can take when they make charitable donations.
Obama says the plan is "the right thing to do."
Speaking at a prime-time news conference, the president said the
change in tax policy would be realistic and fairer to lower-earning
families that make charitable gifts but get a smaller tax
deduction. Some lawmakers don't like the idea. They say it could
hurt donations to needy groups in a time of need.
Obama says the provision would affect only about 1 percent of
the American people, and they would still get a tax deduction, just
not as big as they used to get.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

WKRG.com » News Stream » Financial

Photo

WKRG.com Related

Discuss this in the forum

Email to a Friend

Printer Friendly

BamaBob Says:

Wed, Mar 25, 2009 at 9:35 am

“Oh what a tangled web we weave, when first we practice to deceive…”

Wait4Me Says:

Wed, Mar 25, 2009 at 9:15 am

Yes it is.

BamaBob Says:

Wed, Mar 25, 2009 at 8:48 am

Can’t get to that site at this time, because of some blocking filters. Is it about the connection between Geithner’s father and Obama’s mother?

Wait4Me Says:

Wed, Mar 25, 2009 at 8:30 am

Bamabob, heres another interesting story

http://cinie.wordpress.com/2009/02/27/the-obama-geithner-connection/

I cant seem to get it to link, so you will have to copy and paste.

BamaBob Says:

Wed, Mar 25, 2009 at 7:39 am

A couple of things kept circulating in my mind as I listened to the President’s speech. One was that he should not have given up his trusty teleprompters situated on either side of his podium. Reading from the big screen situated in the back of the room was way too obvious and caused him to kind of fumble over a few items.

Another is that I think the American public is being led down the primrose path. He would still be pushing this massive socialistic agenda even if we were not in the present economic downturn. He has held a belief that big government is the answer for all social and environmental ailments for a very long time. This isn’t something suddenly born out of necessity.

Now, here is something else that I find very troubling about his stance on Cap & Trade tariffs.

http://www.foxnews.com/politics/first100days/2009/03/25/obama-helped-fund-carbon-scheme/

BamaBob Says:

Tue, Mar 24, 2009 at 7:57 pm

zzzzzzzzzzzzzzzzzzz