| Latest Post: Started By: Rank: Category Jobs Jobs JobsJob's Bill. How to pay for it: Obama has proposed: •A limit on itemized deductions and exemptions for individuals who earn over $200,000 and families earning over $250,000, a tax increase that would raise about $400 billion over 10 years, according to Lew. •A provision to treat carried interest -- the interest earned by investment fund managers -- as ordinary income, rather than taxing it at the capital gains rate. That would raise $18 billion, Lew said. •Scrapping various oil and gas tax provisions which raise $40 billion. All three ideas or versions of them were part of the budget plan Obama proposed in early 2009. A reporter reminded spokesman Lew that a Democratic-controlled House and Senate had chosen to not pass these measures in 2009 and 2010. “You had a Democratic House and a Democratic Senate and it went nowhere. So how are you going to get it done now with a Republican House?” he asked? Great question. Member CommentsR1KRA8“do not let their name calling deter you as sometimes people do that when they get frustrated or it may appear to them that it gives them a moral high ground” ~ luvthesouth (Jobs Jobs Jobs) “so, my friend be like the duck and let it roll off your back and continue to practice your right to free speech as long as you can.” ~ luvthesouth (Jobs Jobs Jobs) Posted 15 hours ago. Post a Comment |