WASHINGTON — "President Obama will propose further tax increases on the affluent to help pay for his promise to make health care more accessible and affordable, calling for stricter limits on the benefits of itemized deductions taken by the wealthiest households, administration officials said Wednesday.
The tax proposal, coming after recent years in which wealth has become more concentrated at the top of the income scale, introduces a politically volatile edge to the Congressional debate over Mr. Obama’s domestic priorities.
The president will also propose, in the 10-year budget he is to release Thursday, to use revenues from the centerpiece of his environmental policy — a plan under which companies must buy permits to exceed pollution emission caps — to pay for an extension of a two-year tax credit that benefits low-wage and middle-income people."
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Source:The New York Times
I'm all for there to be more federalism in our country. I am happy the rick will have to pay higher taxws to help support it. Maybe I agree with some socialist ideals somewhat, but I feel that in this day in age partial socialism/communism should be implemented in cases like healthcare. We live in a tough time period whether you want to believe it or not. Whether you believe the end is near (2012) or believe it's all just pointless predicitons and conspiracies, things need to be done to get our country and our world out of tough times. Having a better healthcare system can help save our wallets money, and put that money towards other savings.
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