Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Congress, Government Documents, Legislation » CCH Tax Briefing on President Obama's Deficit Reduction Plan

CCH Tax Briefing on President Obama's Deficit Reduction Plan

by on

Obama Aims For $1.5 Trillion In New Tax Revenue To Reduce Deficit, September 21, 2011

  • “President Obama unveiled a $3 trillion federal budget Deficit Reduction Plan on September 19, 2011 including $1.5 trillion in tax increases. Th e President’s Deficit Reduction Plan (“Living Within Our Means and Investing in the Future: The President’s Plan For Economic Growth and Deficit Reduction”) makes good on his pledge to produce a balanced deficit reduction package, one that combines spending cuts with revenue raisers. Increased taxes on higher income individuals would account for a significant portion of the revenue raised under the President’s Deficit Reduction Plan. Other areas targeted for tax hikes include the oil, gas and coal industries, certain international activities and more.”
    • LinkedIn

    Sorry, comments are closed for this post.