Obama tax proposal would hit securities dealers, life insurance firms, big estates

But the higher deficit figures and additional proposed taxes, along with details of corporate tax breaks the Obama administration wants to ax, led to sharp criticism of the White House from some Republican lawmakers and business groups. It was a taste of the battle to come on Capitol Hill, where lawmakers and lobbyists have prevented some of the proposed changes in the past.

“The administration’s displayed an insatiable appetite for spending and they need to get money wherever they can. So they use the tax code the way Willie Sutton used a gun,” said Martin A. Regalia, vice president for economic and tax policy at the U.S. Chamber of Commerce, referring to the famous bank robber.

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Posted in * Economics, Politics, Budget, Economy, Office of the President, Politics in General, President Barack Obama, Taxes, The U.S. Government

4 comments on “Obama tax proposal would hit securities dealers, life insurance firms, big estates

  1. Jeffersonian says:

    Can someone tell me the difference between Obama and Hugo Chavez? Anyone?

  2. libraryjim says:

    three differences:
    Location, location, location.

  3. Jeffersonian says:

    Obama has a neck, too. And he no hable espanol.

  4. Jeffersonian says:

    Gah…how embarrassing…”habla.”