June 26, 2017

As New Fiscal Crises Near, Democrats Seek More Tax Increases

January 9, 2013
The Wichita Eagle (McClatchy Newspapers)


Carney declined to discuss specifics, but the New Year’s deal fell short of Obama’s campaign pledge to raise revenue on the top 2 percent of wage earners, though individuals earning more than $250,000 and couples earning more than $300,000 would still be taxed higher because some of the value of their exemptions and itemized deductions would be phased out.

“He’s always said it would require more than that, and that there would be this effort to curtail loopholes and deductions,” said Robert Bixby, executive director of the Concord Coalition, a nonpartisan budget watchdog group. “I don’t think we are through with the tax piece, although Republicans think we are. The next couple of months are going to be just horrendously acrimonious.”

Read more here: http://www.kansas.com/2013/01/09/2629932/as-new-fiscal-crises-near-democrats.html#storylink=cpy