Sep 19, 2011

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Obama to propose $1.5 trillion in new tax revenue – AP – msnbc.com

Drawing the splendid line with congressional Republicans, President Barack Obama is proposing $ 1.5 trillion in latest taxation income as partial of his long-term necessity rebate plan, according to comparison administration department department department officials.

The boss upon Monday will have known the offer which includes dissolution of Bush-era taxation cuts for the wealthiest taxpayers, scarcely $ 250 billion in reductions in Medicare spending, $ 330 billion in cuts in alternative imperative great programs, as great as assets of $ 1 trillion from the withdrawal of infantry from Iraq as great as Afghanistan, the officials said.

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